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Market News

Location American Market News for 3 July 2020

Can The Stock Market Rally Last?

Forbes - 3 Jul 2020 23:50
Can The Stock Market Rally Last? Despite all that has happened in 2020, the S&P 500 is off just a few percent. However, there are reasons for the recent rally.
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One Bharat Bond ETF will mature after five years in 2025 and the other after 11 years in 2031.The Bharat Bond ETF NFOs will run from 14 to 17 July but you can invest later too as they are open-ended schemes
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D.R. Horton, Lennar, and KB Homes: Stocks To Play The Housing Recovery The U.S. housing market has shown signs of recovery despite the coronavirus pandemic, with demand appearing to outstrip supply with inventory remaining tight. Pending home sales -a measure of signed contracts on existing...
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Does Groupon Have Upside Once Pandemic Subsides? After a 50% rally off the March bottom, we believe Groupon's stock seems to still have room to grow based on its valuation. Groupon's stock has rallied from $12 to $19 off the recent bottom compared to the S&P which move...
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3 Easy Ways To Get 6%+ Dividends From Stocks You Know Well Let's be honest: we could all use a break--a way to hedge against the nasty drops we see when we log into our trading accounts in the morning.
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Workday Inc. Stock Too Expensive At $190?

Forbes - 3 Jul 2020 12:00
Workday Inc. Stock Too Expensive At $190? With a 68% rise since its low in March, at the current price of $191 per share we believe Workday Inc. stock has reached its near term potential. Workday stock has rallied from $114 to $191 off the recent bottom compared...
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Taxpayers may not benefit due to the complex conditions the extensions come with
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Stocks Are Rallying Too Much On Vaccine News, Says This Market Expert Markets need to be more "skeptical" about each vaccine announcement.
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The second-largest German lender is in the midst of a deep overhaul but solid financial performance remains elusive.
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Jan Marsalek, Wirecard's longtime chief operating officer, stopped responding to messages from colleagues when the electronic-payments giant ran into trouble. The company still doesn't know where he is.
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India's Modi On China Border Dispute: Peace Not Won By Weakness Modi makes a surprise visit to disputed border with the Chinese.
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After Ban, TikTok Tries Wooing India Over Again TikTok tries throwing money at the problem in India.
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New Ways to Use '529' Plans This School Year

Wall Street Journal - 3 Jul 2020 17:43
The Secure Act extends the use of a 529 college-savings plan to cover apprenticeships. It also provides more options for using leftover funds.
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Tesla: King Of [Self-Driving] Cars? Unbelievable When you look at a more traditional metric like the number of cars sold, Tesla is tiny - less than 400K cars sold last year, while many of the bigger companies each sold over 5 million cars. Then why is Tesla more valuab...
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Copper Slips, Halting Sharp Rebound

Wall Street Journal - 3 Jul 2020 16:01
Copper prices fell, signaling a pause in the industrial metal's surge, on mounting concerns that the rally may have been overdone.
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Texas Mandates Masks, And Less Than Half Of Americans Want To Wear One Trust the news? You will wear a mask. Democrats more likely to wear one than Republicans, says Gallup.
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Not being able to fly to Europe may be disappointing for American vacationers. It is much worse for airlines.
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Why Barrick Gold Won While Freeport-McMoRan Lost? Freeport-McMoRan's stock is down 12% so far in 2020. But wait a minute, close rival Barrick Gold stock has increased 45% in 2020 so far. If we compare the stock price trends for these mining giants over recent years, we ...
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Covid-19's Impact Won't End With a Vaccine

Wall Street Journal - 3 Jul 2020 15:00
The effects of the coronavirus crisis are likely to be felt on the economy for years to come. For the health-care industry that isn't entirely bad news.
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Philippine authorities searching for Jan Marsalek, the former Wirecard executive who ran operations for the German fintech company before it went bust, say they believe immigration documents showing he entered the countr...
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Why Did Travelzoo's Stock Grow Despite Only Modest Revenue Growth? Travelzoo's stock gained over 80% of its value since the end of 2017 through 2019, with the stock price growing from $6 to $11. But how did the company pull off such gains, as its revenues grew only 5% during this period...
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Johnson & Johnson Or Pfizer For Better Returns? Johnson & Johnson's stock (NYSE: JNJ) has gained 27% since the March 23 lows, while Pfizer's stock (NYSE: PFE) is up 16%, both underperforming the broader S&P, which is up 39%. The lockdown in various parts of the world ...
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