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Market News

Location American Market News for 9 July 2020
SolarEdge Stock Rallies To $150 - Too Good To Be True? SolarEdge Technologies stock is up around 56% since the beginning of this year, and at the current price of around $149 per share, we believe SolarEdge stock has a significant downside. Why is that? Our belief stems from...
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Can Halliburton Stock Jump 2x To Reach $25 Again Anytime Soon? Halliburton's stock has rallied well over 150% over recent weeks (vs. about 40% gain in the S&P 500) to its current level of $13 after falling to a low of below $5 in late March as a rapid increase in the number of Covid...
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Tesla Downside If China Arrests Musk

Forbes - 9 Jul 2020 11:00
Tesla Downside If China Arrests Musk As Tesla (NASDAQ: TSLA) expands quickly in China, how exposed is Tesla to Elon Musk's possible entanglement with Chinese authorities? Is this silly to ask? Perhaps as ridiculous as the possibility of a pandemic before it...
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America is on a Lumber Binge

Wall Street Journal - 9 Jul 2020 16:44
Prices for forest products like lumber and plywood have soared because of booming demand from home builders making up for lost time, a DIY explosion and a race among restaurants and bars to install outdoor seating.
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Senate Republicans May Propose $1.3 Trillion Stimulus Package Will there be another stimulus?
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Miserable Economic Outlook Could Yield Record Gold Prices

Wall Street Journal - 9 Jul 2020 12:03
The tumbling real yield on U.S. government bonds has helped drive gold prices higher--and there is little reason to expect yields to rebound in the near future.
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German prosecutors are looking into possible money laundering by executives at Wirecard, adding to ongoing probes related to possible fraud and fake accounting at the insolvent payments firm.
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Is Novavax A Better Investment Than Moderna? The U.S. government has awarded biotech company Novavax $1.6 billion towards trials, commercialization, and manufacturing of its potential Covid-19 vaccine candidate NVX-CoV2373. [1] This marks the largest award yet unde...
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Jobless Claims Down Slightly And Costco June Sales Strong, But Direction Still Hard To Find Costco's June sales looked pretty amazing, with a 14% jump in same-store sales and great e-commerce results. On the other hand, Walgreens Q2 appeared a little disappointing. Jobless claims this morning were a bit lower, ...
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China Tries to Keep Market Exuberance Under Control

Wall Street Journal - 9 Jul 2020 12:36
Chinese state media urged investors to think long-term, and authorities highlighted hundreds of operations making illegal loans against shares, showing that Beijing is eager to avoid stocks overshooting.
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Joe Biden And Bernie Sanders Unite To Cancel Your Student Loans New plan for your student loans.
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Our Economy Is Only In Stage 2 Of A 3 Stage Recovery For a full economic recovery we will need to end all lockdowns, overcome fear and overcome the economic damage. Right now we're stuck in stage 2.
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Here's Why Stocks Are Still Stuck In Purgatory No-one loves sleuthing daily market moves more than I do. So I hate to admit that the well for analysis is running dry right now, apart from watching and waiting on a couple of key charts.
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Corporate Tech in Line for its Pandemic Haircut

Wall Street Journal - 9 Jul 2020 20:26
As the pandemic rages on, corporate technology budgets won't be spared. That could prove a problem for investors who have been banking on business being even better than usual.
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Report: GOP Officials Weighing A Lower Income Cap For Second Round Of Stimulus Checks During the first wave of checks, people making less than $75,000 per year were eligible for the full $1,200.
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Is Bristol-Myers Squibb A Better Bet Than Amgen? Bristol-Myers Squibb's stock has declined 2% since early February after the WHO declared the coronavirus a global health emergency, while Amgen stock has fared much better and gained 19% of its value. The spread of Covid...
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Can CarMax Get Back to $100 Post-Covid?

Forbes - 9 Jul 2020 12:00
Can CarMax Get Back to $100 Post-Covid? Comparing the trend in CarMax's stock (NYSE: KMX), a used car retailer, over recent months with its trajectory during and after the Great Recession of 2008, we believe that the stock can potentially gain 6% to levels aro...
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Best Stocks To Buy As Nasdaq Recovers From Early Day Losses Markets are under pressure, tech stocks are down and coronavirus is still getting worse in many states. If you're looking for guidance on the right stocks to buy today, our deep learn algorithms paired with AI has determ...
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Active funds need to focus on their ability to drive social change, besides giving alpha
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Any income accrued over and above is taxable as income from other sources in the year of accrual
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Short Positions To Take Amid Stock Market's Sharp Decline Markets are down today, pretty much from the get-go. As investors become increasingly concerned with the worsening coronavirus cases, it's become clear that a sell-off is imminent. If you're considering hedging your port...
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3 Stimulus Plans Besides Second Stimulus Checks Here are 3 stimulus plans besides second stimulus checks.
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