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Market News

Location American Market News for 26 June 2020

Is Hydrogen the New Wonder Fuel?

Wall Street Journal - 26 Jun 2020 13:17
Technology to realize the vast potential of hydrogen is solid, but investors may be too far ahead of the adoption curve.
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The Stimulus Gets Spent

Wall Street Journal - 26 Jun 2020 18:22
Government stimulus payments and expanded unemployment benefits buoyed Americans' spending last month. That money will soon run out, however.
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Sell Your Silver To Buy Gold As COVID-19 Concerns Dampen Recovery Hope The GLD-SLV long-short strategy looks poised to continue gaining as COVID-19 economic recovery concerns reduce Silver's attraction, leaving Gold alone to profit from the excess liquidity and dilution of authorities' poli...
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The founder and managing partner of Backstage Capital encourages underrepresented voices to "flip the script" instead of letting "other people determine who we are."
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Call 911: How Police Built Military Arsenals And A Firm Grip On Local Budgets, And Why Defunding May Be Inevitable Thanks to decades of spending, many local police departments now resemble well-armed military squads. But budgets and protests could force a change.
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Could Gilead Stock Get A Boost From Inhaled Remdesivir? Gilead has indicated that it would be starting clinical trials for an inhaled version of Remdesivir shortly. While the wide-spectrum anti-viral drug is currently given intravenously for severe cases of Covid-19 in the ho...
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Dow Plunges 700 Points As U.S. Hits Record Number Of New Coronavirus Cases Wall Street remains worried about a spike in new cases across the country.
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Pandemic Real Estate Boom? Medieval History Says Yes

Wall Street Journal - 26 Jun 2020 16:58
Pandemic-induced changes most likely to be permanent are those that were already under way. This may include working more from home, meaning relative appreciation of suburban real estate at the expense of cities.
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Mixed Feelings: Stress Test Results Weigh On Banks After Volcker Rule Relaxed This morning, the market is grappling with poor results from Nike and the Federal Reserve's new coronavirus-linked restrictions on banks
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Chinese Cellphones Face Off Against Indian Nationalism

Wall Street Journal - 26 Jun 2020 12:30
Chinese consumer electronics have been doing well in India in recent years. They should be able to weather the geopolitical tensions between the two countries, too.
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Disney's Parks Need a Cure

Wall Street Journal - 26 Jun 2020 12:30
Disney looks in for a rougher summer. But getting its theme park business back on track was always going to take more than face masks and favorable spreadsheets.
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The Stock Market's Bear Market Rally Has Ended The stock market seems to have run out of juice. After the Dow rallied 48% from its March lows, it is now down over 9% from its recent peak. If coronavirus cases continue to spike, it and the other stock Indexes are in f...
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China Warns U.S. 'Meddling' In Hong Kong Could Derail Phase One Trade Deal Rising U.S.-China tensions have put the trade deal in jeopardy.
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Treasury Yields Fall as Virus Surge Threatens Reopenings

Wall Street Journal - 26 Jun 2020 19:24
U.S. government bond prices climbed as investors bought safer assets amid signs that an increase in new coronavirus cases is threatening progress toward fully reopening the economy.
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Dow Jones Futures: S&P 500 Net Short At Nine-Year High; Stock Market Rally Vigorous Dow Jones futures trade modestly lower. Trump ignores Covid-19 spike in America while Coronavirus re-opening faces challenges in the US. S&P 500 short bets threaten the stock market rally
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Luckin Coffee Drops Nasdaq Appeal; Shares to Be Delisted

Wall Street Journal - 26 Jun 2020 18:18
The embattled Chinese coffee chain said it no longer plans to appeal a decision by the Nasdaq Stock Market to delist its shares, effectively ending its one-year run as a U.S. publicly listed company.
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Nike A Top Stock To Buy After Reporting COVID-Related Losses The stress from the Fed's new restrictions impacted the markets this morning. And while consumer spending recorded growth in May, income levels continued to drop. If you are looking for fresh ideas to buy, our AI has ide...
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Oil Prices Fall as Rising Covid-19 Cases Prompt Demand Concerns

Wall Street Journal - 26 Jun 2020 18:00
Oil prices edged lower Friday, on pace for the second weekly decline since April, as investors adjusted expectations to account for rising crude inventories and surging U.S. coronavirus cases.
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Top Stocks To Short Following Fed's New Restrictions For Big Banks We will have to wait to see if the wind is truly changing to the bears, or if the bulls can come back throughout the day - either way, our deep learning algorithms paired with Artificial Intelligence ("AI") technology ha...
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Dow Plunges 500 Points As U.S. Hits Record Number Of New Coronavirus Cases Wall Street remains worried about a spike in new cases across the country.
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Can Mattel Survive The Covid-19 Recession?

Forbes - 26 Jun 2020 17:00
Can Mattel Survive The Covid-19 Recession? Mattel Stock (NASDAQ: MAT) has declined by 24% since the beginning of the year. While the toy industry has experienced a 7.6% growth in the first quarter of the year (as per NPD group data), Mattel reported a decline of ...
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Markets Bombed, Investors Carried On

Wall Street Journal - 26 Jun 2020 16:59
It's going to take a lot more than a single market meltdown for small investors to chicken out of stocks.
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