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Market News

Location American Market News for 15 May 2020

The Tragic Fate of Lavish Big Tech Headquarters

Wall Street Journal - 15 May 2020 16:50
Silicon Valley giants such as Facebook and Google have lured employees for years to work at lavish campuses with extensive perks. Amid the pandemic, those tech headquarters are a bit like empty airplanes idling on the ta...
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Cisco or nVidia: Best Stock to Play Internet Infrastructure Boom? The coronavirus pandemic is accelerating the trend of digitization, as people spend more time on the Internet to work, learn, shop, and entertain themselves. The growing requirement for connectivity and computing power c...
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3 Top Tech ETFs Set To Outperform Despite The Covid-19 Economic Slowdown Technology continues to lead the markets higher. ETF expert Jim Woods, a contributor to MoneyShow.com and editor of In the Woods, highlights 3 tech funds that are well positioned for gains despite the Covid-19 related ec...
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The Stock Market Is Finally Beginning to Accept Reality

Wall Street Journal - 15 May 2020 11:30
The possibility of a 'V-shaped recovery' is looking more remote, but not every stock this week was a loser.
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White House Could Support More Stimulus Checks, Report Says President Trump hasn't ruled out the possibility of another round of direct payments, though many in the Republican Party are wary of additional relief spending.
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Apple Buys Virtual-Reality Streaming Upstart NextVR

Wall Street Journal - 15 May 2020 02:37
Apple has acquired virtual-reality streaming company NextVR, a signal of the tech giant's continued ambitions in virtual- and augmented-reality technologies.
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Energy Continues To Be A Top Short This Week In the face of historically bad retail sales that plunged 16.4% in April, far worse than expected, the unemployment rate in the double digits, US-China tensions increasing, and worldwide concern about a second wave of th...
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Staffing Service TriNet a Top Buy As Economy Looks To Restart With several states going through phased reopening, it appears that expectations are we will be getting back to normal soon.
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What a Small Chip Fab Really Buys

Wall Street Journal - 15 May 2020 20:16
A new fabrication plant TSMC plans to build in Arizona will be rather limited in scale and impact, but it buys the company a better seat at the table with policy makers amid the U.S.-China trade war.
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Money For Wildlife And Banking For Cannabis Companies: Here's What Democrats Tacked Onto The Latest Stimulus Bill There's more than just ordinary stimulus funding in the $3 trillion HEROES Act. The House will vote on the bill on Friday afternoon.
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Treasury Yields Rise on Consumer Sentiment Data

Wall Street Journal - 15 May 2020 19:36
U.S. government bond prices edged lower after new data suggested consumers are feeling better about the economy than economists had expected.
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Sales Report Puts the Second Quarter in a Deep Hole

Wall Street Journal - 15 May 2020 18:56
After April's slump in retail sales, even pessimistic forecasts for the current quarter could be too upbeat.
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Procter & Gamble Stock Unlikely To Cross Pre-Crisis Level Of $124? Based on a comparison of Procter & Gamble's (NYSE: PG) stock trajectory over recent months with that around the 2008 recession, we believe that the stock can potentially gain just an additional 3.5% once fears surroundin...
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When Failure Is an Option: A Trading Tactic Soaks Investors

Wall Street Journal - 15 May 2020 17:00
Who doesn't love getting to YES? Turns out some UBS clients have regrets about the firm's Yield Enhancement Strategy.
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Student Loan Forgiveness Reduced In New Stimulus Proposal Well, you may not get that student loan forgiveness after all.
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MIT Expert: COVID-19 Forcing Tradeoffs Between Physical And Economic Survival Reopening the economy will demand difficult trade-offs between protecting people from COVID-19, reviving the economy and guarding them from other diseases.
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Gene Therapy Stocks Have Fallen Out Of Favor. Time To Buy? Companies that have been able to deliver compelling results have been acquired by big pharma companies (for instance, Spark Therapeutics was acquired by Roche), while others have underperformed, due to large R&D investme...
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Oil Heads for Weekly Gain Ahead of Contract Expiration

Wall Street Journal - 15 May 2020 15:58
Oil prices rose Friday, heading for a weekly gain with global fuel demand starting to rise as the world reopens for business.
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Trade Tensions, Retail Sales Woes Helped Push Stocks Into Retreat Mode In Early Trade What's old--trade tensions--is new again as a move to block semiconductors to Huawei led to retaliatory threats from China. Meanwhile, retail sales came in below consensus, reminding us that the economic recovery may pro...
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Which Affordable Luxury Retailer Is A Better Bet: Ralph Lauren Or Tapestry? Ralph Lauren stock has declined by nearly 45% since early February after the WHO declared the Coronavirus a global health emergency, while Tapestry stock has also roughly 50% of its value. The global economic slowdown, a...
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Here's Why Williams-Sonoma Can Reach $71 Post COVID-19 Crisis Comparing the trend in Williams-Sonoma stock over recent months with its trajectory during and after the Great Recession of 2008, we believe that the stock can potentially gain 10% once fears surrounding the coronavirus ...
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Mastercard Is Up 35% Since March 23; Is There Room For More? Despite jumping 35% from the low of $203 on March 23 to reach its current level of around $270, we believe Mastercard's stock still has some upside potential. Our belief can be attributed to the fact that the payment gia...
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