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Market News

Location American Market News for 22 May 2020

More Pain For Western Digital Stock?

Forbes - 22 May 2020 15:09
More Pain For Western Digital Stock? Western Digital stock is roughly unchanged over the past 3 years, with the stock price rising only marginally from $61 at the end of 2016 to about $62 at the end of 2019. Furthermore, dropping to $43 so far in 2020 due t...
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Looking Back: Why Is Fedex Down 50%?

Forbes - 22 May 2020 16:00
Looking Back: Why Is Fedex Down 50%? FedEx Corporation's stock slid over 40% in 2 years, with the stock price declining from $242 at the end of 2017 to about $150 at the end of 2019. Furthermore, the stock price dropped in 2020 to $117 (as of 20th May) due ...
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How PepsiCo's Stock Grew 40%, More Than 6 Times Its Revenue Growth As companies become larger, revenue growth slows down as there are fewer number of avenues to expand. Yet, they often are good investments, as PepsiCo has proven. Between 2016 and 2019, the company saw its stock jump nea...
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ViacomCBS Crosses Above 5% Yield Territory

Forbes - 22 May 2020 21:33
ViacomCBS Crosses Above 5% Yield Territory In trading on Friday, shares of ViacomCBS were yielding above the 5% mark based on its quarterly dividend (annualized to $0.96), with the stock changing hands as low as $19.09 on the day.
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Seven Numbers That Sum Up China's Economy Right Now How bad are things in China? Bad enough for the country to scrap its GDP target for the year.
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Oil Price Disruption Eases as Physical Crude Demand Jumps

Wall Street Journal - 22 May 2020 20:52
In a sign that oil markets are returning to relative normality, the once yawning gap between the price of an actual physical barrel of oil and futures prices has narrowed sharply.
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Corporate Bond Rally Picks Up Momentum

Wall Street Journal - 22 May 2020 20:30
The debt was poised Friday to wrap up its best week in more than a month, reflecting investors' hopes for an economic rebound and support from the Federal Reserve.
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Fauci Says Staying Closed Too Long Could Cause Irreversible Damage, But Urges States To Take 'Very Significant Precautions' He also said it's possible that the United States will begin to roll out a coronavirus vaccine by December.
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Gallup Ratings Show Trump In Position To Win Despite The Covid-19 Crisis Reports that President Trump will lose the next election by a landslide appear to be odds with publicly available approval ratings.
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Why NextEra's 5x Price Rise Versus Duke Energy Is Not Justified The stock price for NextEra Energy, the largest electric utility holding company in terms of market cap, is up by over 100% since the beginning of 2017, driven by the company's fast-growing renewable energy business. In ...
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Amazon vs Alibaba - One Big Difference

Forbes - 22 May 2020 18:10
Amazon vs Alibaba - One Big Difference Amazon's stock is up by over 100% since the beginning of 2018 (through May 18). That's good news for Amazon. But hold on a minute, Amazon's rival Alibaba's stock is up a much smaller 26% during the same period. Hard to b...
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TikTok Is Just What America Needs Now

Forbes - 22 May 2020 18:02
TikTok Is Just What America Needs Now I was going to headline this article "TikTok: Just What America Doesn't Need Right Now," but I am softening my position on the app featuring those catchy 15-second videos.
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It's Official! China Dumps Economic Growth Target For First Time Since 1990 Blame the coronavirus pandemic or a prolonged trade spat with U.S.; but looks like Beijing will not be setting an economic growth target for the first time in decades.
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Why You Should Consider Schlumberger Stock Over Exxon As Oil Prices Recover The stock price for Exxon Mobil, the largest integrated oil and gas company in the U.S., is down by almost 45% since early 2018, driven by significant declines in crude oil prices. In comparison, Schlumberger, the larges...
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Cuomo: New York Launches $100 Million Small Business Relief Program More than half of the state's ten regions have begun reopening.
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What's Next For NASDAQ Stock After Almost Recovering To Its All-Time High Of $120? NASDAQ Inc. stock (NASDAQ: NDAQ) is up nearly 60% so far since hitting a low of $73 on March 23 to reach its current level around $115. But it looks like the stock now has limited upside potential. Why is that? The key i...
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Metlife Gains Momentum After Early Year Losses The market is moving in an upward trajectory with many stock recovering from significant losses. Our AI technology has identified these five stocks as the top buys for today.
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These Discount Retailers Are Hardly a Bargain

Wall Street Journal - 22 May 2020 17:22
Shares of TJX and Ross Stores are holding up rather well, as off-price retailers usually do well in economic downturns. But this downturn isn't like others, and they may be no bargain.
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Can Abercrombie & Fitch Successfully Weather The COVID Storm? Abercrombie & Fitch stock has declined by 35% since the beginning of the year. The apparel industry is rattled, and Abercrombie is no exception. Fading consumer demand, reduced discretionary spending, and stay-at-home or...
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Life Insurers Face Future Rate Pain

Wall Street Journal - 22 May 2020 17:15
The coronavirus may pose a bigger challenge to life insurers through markets rather than mortality.
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Congratulations on Your Scholarship. Now Pay Uncle Sam.

Wall Street Journal - 22 May 2020 17:13
What some college students may not realize is that they have to pay taxes on their financial aid if the money covered housing, travel or food
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Banks Earnings Will Suffer Until 2025 Because Of Coronavirus, IMF Says Low interest rates aren't going away any time soon.
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