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Market News

Location American Market News for 29 June 2020

Altria vs. Philip Morris: Which Is Better?

Forbes - 29 Jun 2020 14:00
Altria vs. Philip Morris: Which Is Better? Altria stock price has decreased by about 29% in the last three and a half years, when the stock dropped from $56 at the end of 2016 to around $40 as of 25th June 2020. That's bad news for Altria. But wait a minute, clos...
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A state-owned Chinese JP Morgan equivalent might help stave off foreign competition, but it won't do much to fix the sector's structural frailties.
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Banks Have No Idea Who's Creditworthy Anymore

Wall Street Journal - 29 Jun 2020 11:30
Lenders have pulled back sharply on lending to U.S. consumers during the coronavirus crisis. One reason: They can't tell who is creditworthy anymore.
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In January, days after the shares of Luckin Coffee hit a record high on the Nasdaq Stock Market, giving the company a $12 billion valuation, a cryptic email arrived in the inboxes of multiple short sellers.
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Dell Technologies To Explore Spin-Off Of Its Majority Stake In VMware To Its Shareholders Dell, which owns 80.6% of VMware, is evaluating options of either spinning off the holding to existing Dell shareholders or buying the remaining stake in the group that it doesn't already own and then spinning off the en...
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Selling Abates But Market Remains Cautious As Virus Cases Continue To Climb Although coronavirus cases continue to rise, Wall Street seems to be pausing its selloff. Boeing shares are flying high after news that FAA flight tests could begin today.
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China's WeChat, TikTok Get Banned In India

Forbes - 29 Jun 2020 19:31
China's WeChat, TikTok Get Banned In India Will Washington follow India's lead?
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Empower Retirement to Buy Personal Capital

Wall Street Journal - 29 Jun 2020 20:36
Empower Retirement said it is buying the personal-wealth management company Personal Capital Corp. for as much as $1 billion, in a move to expand Empower's financial-planning tools to individuals.
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Coronavirus Update: More Evidence Of China On The Mend China is just less negative, not more positive. But at least it is moving in the right direction.
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Wells Fargo to Cut Dividend; Other Big Banks Hold Steady

Wall Street Journal - 29 Jun 2020 23:50
The fourth-largest U.S. bank, unlike its major rivals, expects to cut its dividend for the first time in more than a decade to help weather the coronavirus pandemic.
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With Senate Republicans 'MIA,' Pelosi And Schumer Urge McConnell To Restart Stimulus Negotiations Immediately "It is unacceptable that the Senate would recess without addressing this urgent issue."
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Coronavirus Fright And Stock Market Flight Are Overdone - Time To Buy Last week's "bad" news has silver linings that make stocks attractive
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Top Tech ETFs To Watch As Markets Rally After Last Week's Correction Is the prior week just a small correction, or will the downside momentum continue? Our deep learning algorithms have used Artificial Intelligence to identify some of the Technology ETFs that are expected to remain under ...
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After A 48% Rally Over Recent Months, Can Intuit Stock Grow More? Based on a comparison of Intuit's stock (NASDAQ: INTU) trajectory over recent months with that around the 2008 recession we believe that the stock has a limited upside from present levels near $286, once fears surroundin...
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Treasury Bond Yields Stay Near Recent Lows

Wall Street Journal - 29 Jun 2020 21:20
U.S. government yields clung near recent lows even as stock markets rebounded Monday.
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The Jump In Covid-19 Cases May Not Turn Into The Catastrophe You Fear States with 45% of U.S. GDP had a vast reduction of Covid-19 outbreaks while another 45% is now seeing a jump in cases. If affected states roll back aggressive reopening and expand simple measures such as wearing masks, ...
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Top Stocks To Buy As Housing Data Strengthens Optimism Across Markets The U- or V-shaped recovery predicted by economists is still in the cards, but its strength will depend on how the indicators fare on Thursday when the US jobs report is expected to be released. In the face of rising cor...
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Top Stocks To Short As Dow Surges From Boeing Gains As the virus spreads, if you're looking to bet against the market or hedge, our deep learning algorithms paired with out Artificial Intelligence ("AI") data has some Top Shorts named for you today.
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The Beatings Will Continue Until The Economy Improves The economy will keep suffering until our assumptions are reliable again. Otherwise, we will have to replace them with new assumptions.
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Shares In Chesapeake Energy Set For Delisting, As Historic Bankruptcy Is Finally Official The company, in filings yesterday for its Chapter 11 restructuring, in U. S. Bankruptcy Court in Houston, made it clear what the outcome was going to be for holders of its common stock.
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Facebook's Politics Aren't Aging Well

Wall Street Journal - 29 Jun 2020 17:55
The most popular social-media app may be living its most unpopular moment. That could be an Achilles' heel for its business.
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Pending Home Sales Soared 44% In May, More Than Double What Economists Were Expecting Homebuyers are flooding the market again.
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