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Market News

Location American Market News for 5 June 2020
Why Wells Fargo's Stock Looks Attractive At $30 Despite a meager 5% gain in Wells Fargo's stock since March 23 (as compared to a jump of more than 35% in S&P 500), we believe Wells Fargo has a significant upside potential at the current price of roughly $30 per share....
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What Happens When CEOs and Stock Analysts Share a First Name

Wall Street Journal - 5 Jun 2020 19:27
A study suggests that executives are more likely to share valuable insight with an analyst who has the same first name.
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Slack reported that it grew revenue 50% during the quarter, compared with 49% last quarter, on an annualized basis.
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NetEase and JD.com Move Toward Hong Kong Listings

Wall Street Journal - 5 Jun 2020 03:47
Two of China's most valuable U.S.-listed companies progressed toward listings in Hong Kong, with online-gaming group NetEase setting a price for its stock sale and e-commerce giant JD.com filing a preliminary prospectus.
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Stock Exchanges Win Legal Battle With SEC Over Data Fees

Wall Street Journal - 5 Jun 2020 23:50
In a victory for stock exchanges, a federal appeals court overruled a decision by regulators to reject their attempt to raise prices for some market-data products.
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Here's What The Racial Wealth Gap In America Looks Like Today Economic inequality by the numbers.
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In Photos: Customers Crowd Into Casinos After Las Vegas Reopens Crowds of guests returned to Las Vegas after casinos reopened on Thursday.
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Casino Stocks Including MGM And Wynn Skyrocket As Las Vegas Reopens Shares of big casino operators are rallying amid optimism about reopening.
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Here's How May's Surprising Jobs Report Could Derail The Next Stimulus Bill "Goodbye phase 4," one GOP official said.
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Zandi: 'Recession Over', 2.5 Million Job Gain To 'Largely Be Revised Away' With 10.8 million more jobs reported than Wall Street expected, rampant short covering sends stocks surging
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The Fed saved the world, for now. While giving credit where credit is due, this is the time to prepare for what comes next.
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America's Employment Crisis Has Turned the Corner

Wall Street Journal - 5 Jun 2020 18:21
There are all kinds of reasons to doubt the accuracy of Friday's employment report. That doesn't mean that its underlying message that the job market may have passed its nadir should be ignored.
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Top Companies To Short As Stock Market Continues Sharp V-Shaped Rally This week has been a successful one for markets, with the S&P 500 entering positive territory on the year. If you're looking to hedge the rally, our deep learning algorithms have identified several top shorts for your po...
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Gold's Back On The Retreat. Here's Why It Should Rebound, And Why You Should Buy Gold Stocks Gold values are moving south again, sure. But the challenging macroeconomic and geopolitical landscape means that they should turn higher again before long.
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Why Is Cisco's Stock Up 75% In The Last 3 Years Despite Weak Revenue Growth? Cisco stock has gained a whopping 75% since the beginning of 2017 despite its revenues increasing by just about 8% during the same period. So what really happened? Investors didn't really change their perspective of Cisc...
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Does IBM Stock Still Have An Upside At $125? IBM's stock has bounced back more than 30% since hitting a low of $95 on March 23 to reach its current level of $125. Notably, this compares to the 36% growth in the S&P 500 over the same period. We believe IBM stock sti...
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Top Stocks To Buy As Unemployment Rate Surprisingly Drops What comes after the biggest job losses in the history of the US? Our deep learning algorithms tell us these are the top stocks to buy today.
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McDonald's Shares Cross Above 200 DMA

Forbes - 5 Jun 2020 17:40
McDonald's Shares Cross Above 200 DMA In trading on Friday, shares of McDonald's crossed above their 200 day moving average of $196.39, changing hands as high as $200.15 per share. McDonald's shares are currently trading up about 3% on the day.
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The Smart Money Likes Salmon

Forbes - 5 Jun 2020 17:09
The Smart Money Likes Salmon Here are my take-aways from a conference call between an aquaculture entrepreneur and an influential, New York investor group. The entrepreneur's insights and the reactions of the investors both spoke volumes about the p...
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Gap Needs to Come Up With a Better Story

Wall Street Journal - 5 Jun 2020 17:08
The retailer's next challenge is to come up with a growth story as complete as the survival road map that is its current focus.
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Trump Takes A Victory Lap After May's Surprise Job Gains "It's an affirmation of all the work we've been doing."
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Welcome Hyatt, A Hospitality Leader, To Your Portfolio This hotel operator has the liquidity to survive the COVID-driven economic crisis and is poised to expand its market share as the economy recovers.
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