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Market News

Location American Market News for 20 July 2020

Check out banks with lowest home loan interest rates

livemint.com - 20 Jul 2020 09:03
Starting 1 July 2020, the State Bank of India has been offering home loans starting at 6.95%. While other public sector banks have been offering loans as low as 6.70%
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Earnings Preview: What To Expect From Lockheed Martin On Tuesday Lockheed Martin is expected to report $5.71/share on $15.43 billion in revenue. Meanwhile, the so-called Whisper number is $5.85. The Whisper number is the Street's unofficial view on earnings.
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China Floods Calls Into Question Sustainability Of Massive Three Gorges Dam Parts of China is literally up to its eyeballs in water, in what the Chinese government is calling a once in 100 years flood.
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Investors Bet Europe's Recovery Will Have Green Tint

Wall Street Journal - 20 Jul 2020 11:52
Europe's plan to kickstart its economy while shrinking its carbon footprint is throwing up new opportunities for investors.
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The Coronavirus Is Not Out Of Control--Yet

Forbes - 20 Jul 2020 20:59
The Coronavirus Is Not Out Of Control--Yet Recently, the headlines have been all about the rising number of new coronavirus cases.
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Investors welcomed signs of progress in the European Union's negotiations over a landmark economic recovery plan, pushing down government borrowing costs and boosting the euro to a four-month high.
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Backwardation Is The Best Tool For OPEC

Forbes - 20 Jul 2020 15:46
Backwardation Is The Best Tool For OPEC As OPEC targets backwardation it will reduce shale supply, drive energy deals, and constrain Mexico's growth.
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Why The Stock Market Remains Firm Despite Covid-19 Despite over 10% unemployment the S&P 500 is virtually flat for the year so far. Here's why.
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GOP Leaders Meet With Trump On Stimulus Package--Here's What We Know Trump doubled down on his support for a payroll tax cut, even though many Republican leaders in Washington aren't on board.
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Soaring Silver Hits Multiyear High

Wall Street Journal - 20 Jul 2020 21:56
The price of the precious metal rose for the ninth time in 12 sessions, hitting a nearly four-year high as investors flocked to a hedge in uncertain times.
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What To Expect From A Major U.S. Airline In The Age Of Covid-19 When It Reports Earnings On Tuesday United is expected to report a loss of ($9.13)/share on $1.14 billion in revenue. Meanwhile, the so-called Whisper number is not available for this quarter. The Whisper number is the Street's unofficial view on earnings.
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Chevron Goes for Quality Over Price

Wall Street Journal - 20 Jul 2020 20:34
Low oil prices meant consolidation was bound to happen in the energy sector. Chevron made the first move Monday, announcing a $5 billion bid for Noble Energy in an all-stock deal.
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Reopening Setbacks In The Sun Belt Could Cause Long Term Economic Damage Reopening plans are now paused or reversed in 80% of the United States as the coronavirus continues to spread, according to analysts at Goldman Sachs.
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Earnings Preview: What To Expect From Coke On Tuesday Coke is expected to report $0.40/share on $8.69 billion in revenue. Meanwhile, the so-called Whisper number is $0.44. The Whisper number is the Street's unofficial view on earnings.
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SoftBank Pulls $700 Million From Credit Suisse Fund

Wall Street Journal - 20 Jul 2020 19:22
SoftBank Group has pulled about $700 million out of a Credit Suisse Group fund following the Swiss bank's internal review into the Japanese conglomerate's role, according to people familiar with the matter.
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It is a good time to buy residential property. People may postpone buying right now but as the situation stabilizes, we expect renewed interest in residential property
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Capital gains from a sale of a property in India are usually always taxable in the country. This is also true for non-resident Indians who own a property in India.
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Tesla Stock May Be Rallying For This Absurd Reason--And This Won't End Well Tesla stock (TSLA) is driven by a rare market phenomenon. But in Tesla's case, it has an absurd side effect, which may be the real driver of Tesla's historic rally.
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Best Stocks To Short As S&P 500 Goes Positive On The Year Markets are putting a lot of hope on stimulus and virus vaccines right now, in an economy where no one knows what happens next, as touted by JPMorganJPM's chief Jamie Dimon. If you're looking for some companies to short,...
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Microsoft Q4 Earnings: Cloud Lifts All Segments Over The Pandemic's Path If there's any company that can demonstrate the value of diversification in a period of unprecedented economic turmoil, Microsoft (MSFT) is arguably one of them.
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Arconic Valuations Look Attractive; Reiterate Buy Since the spin-off, Arconic Corporation has rallied ~135%, due to improved sentiment in aerospace space and rising optimism of positive impact on ARNC's end markets due to the reopening of the economies post-COVID lockdo...
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A Smart Strategy or Whistling Dixie?

Wall Street Journal - 20 Jul 2020 17:46
Southeastern supermarket chain Winn-Dixie is bucking the trend by not requiring customers to wear masks in stores
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