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Market News

Location American Market News for 19 May 2020
As COVID-19 Butchers U.S. Meat Supply, PE Beefs Up Distribution Activity COVID-19 is forcing the closure of dozens of large meatpacking plants as employees get sick and labor shortages ensue. Some investors see opportunity in the problems facing industrial meat production.
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China Gets New Tech Billionaire As Bilibili Founder Joins Elite Group China is home to the world's second-largest number of billionaires after the United States.
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The Nasdaq And Dow Are Fighting Again. Here's What It Means. The "market" is fighting with itself like Blue and Red politicians.
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Let's Create An Economic Infrastructure For The Gig Economy A partnership between the public, private, and nonprofit sectors is necessary in order to provide gig workers with the traditional employment support they need.
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Growth Stocks Outperforming Value by Widest Margin in Decades

Wall Street Journal - 19 May 2020 18:14
Shares of fast-growing companies are racing past their value peers by the widest margin since the dot-com era.
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Stocks Fall, Dow Loses 150 Points After Markets Rally Over 3% On Monday The S&P 500 and Dow fell, while the Nasdaq is up slightly.
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These Investors Are Helping Drive Market's Surprise Rally

Wall Street Journal - 19 May 2020 11:30
Investors have favored areas including health-care and energy companies, and those benefiting from shelter-in-place orders and remote working. Amazon.com and Microsoft have been two of the biggest beneficiaries in the ra...
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'It's What We Know For Sure That Just Ain't So' All generations suffer from delusions. The 1920s generation came to believe what led to the Depression was the delusion any debt problem can be cured by ever more debt; that debt creates prosperity. Sound familiar?
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Poll: 82% Want A Monthly Stimulus Check

Forbes - 19 May 2020 21:28
Poll: 82% Want A Monthly Stimulus Check A new poll says that 82% of Americans want a monthly stimulus check.
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The bank's deal with nearly three dozen states is to settle charges it engaged in predatory auto lending to borrowers with low incomes and subprime credit scores.
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Brazil Readies To Become No. 2 Most Infected Coronavirus Nation Meanwhile, Brazil tries its hand at quantitative easing.
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60% Of America's CFOs Don't Expect A Return To Normal Until At Least 2021 Most companies will continue to allow employees to work from home after the crisis is over, findings show.
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Stocks Fall Slightly, Dow Drops 100 Points After Mnuchin Warns Of 'Permanent Damage' If States Remain Closed Too Long The S&P 500 and Dow fell, while the Nasdaq is up slightly.
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Don't Be Spooked by Walmart's Rising Costs

Wall Street Journal - 19 May 2020 18:55
Covid-19 is adding pressure to Walmart's already compressed margins, but investors should look past that.
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VPF gives the same interest rate as EPF and will compensate for the three months of lower contributionNote that the total 6% shortfall in your EPF contribution over three months can leave a huge dent in your overall reti...
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There are many plus points in the package, but there is disappointment about reforms
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Daily Dividend Report: Hormel Foods, Home Depot, Chemed, Quest Diagnostic, Enerplus
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CARES Act Testimony: Powell Questions Whether Federal Policy Response Is 'Enough' A congressional oversight committee found that very little of a $500 billion rescue fund to help business and local governments survive the coronavirus crisis has been spent.
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REV Group Struggles With Plummeting Car Sales There certainly seems to be some froth in the market, with the market rallying over 32% off the lows made on March 23, despite some horrific economic data amid the coronavirus pandemic.
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Earnings Preview: What To Expect From Macy's On Thursday Macy's is expected to report a loss of ($1.17)/share on $4.11 billion in revenue. Meanwhile, the so-called Whisper number is a loss of $(1.34). The Whisper number is the Street's unofficial view on earnings.
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TGT Stock Cools Ahead Of Q1 Report

Forbes - 19 May 2020 17:49
TGT Stock Cools Ahead Of Q1 Report Target (TGT) stock is cooling off ahead of its first-quarter earnings report tomorrow
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For Home Builders, a Better Kind of Recession

Wall Street Journal - 19 May 2020 17:36
The housing sector is often stretched heading into a recession, but not this time.
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