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Market News

Location American Market News for 25 August 2020
Top Stocks To Buy Today As Dow Drops Amid Low Consumer Confidence Markets are mixed with the Dow and S&P 500 trading lower and Nasdaq Composite marginally higher. Additionally, consumer confidence that came in this morning was much lower than what was expected this morning. We've used ...
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Wasabi Tripling As It Siphons Customers From AWS, Azure In $233 B Cloud Market AWS is growing more slowly than the industry. It doesn't help that storage cloud rival, Wasabi. charges 20% of AWS's price.
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The three companies are set to replace Exxon, Pfizer and Raytheon in the index, in changes prompted by Apple's planned four-to-one stock split announced last month.
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The Convergence of Value and Growth

Forbes - 25 Aug 2020 23:36
The Convergence of Value and Growth Time horizon makes a big difference.
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Citi Boosts S&P 500 Target, Says Federal Reserve Will Do 'Whatever It Takes' To Prevent Another Market Crash The market may be "ahead of itself," but Fed support should keep the momentum going, Citi says.
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The blue-chip index will include only one energy stock, Chevron, which will represent just 2.1% of the price-weighted index.
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How Stocks Performed Based On Political Party Of President And Congress: 1977 Through 2019 How did U.S. stocks perform under democrats versus republicans? What if one party held the presidency and the other controlled Congress? What if Congress was split? What if one party held a majority in both houses of Con...
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High-Yield Stocks: This 7.2% Dividend Protects You In A Crash I'm hearing from a lot of readers who are worried about this market rebound.
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Limited Unemployment Benefits Can't Bridge Stimulus Cliff August consumer data will be key to watch - most stimulus ended in July and further enhanced unemployment payments are taking weeks to reach recipients.
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Best Stocks To Short Today As Tech-Led Nasdaq Trades Higher Markets are trading lower to relatively flat on the news, with the Nasdaq slightly higher, per usual in the technology-heavy index. With consumer confidence coming in lower than expected at a 6 year low, we've used our A...
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U.S. Government-Bond Yields Rise After Trade Progress

Wall Street Journal - 25 Aug 2020 18:47
Overnight progress in trade talks between the U.S. and China boosted Treasury yields.
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Here's Why More Companies Are Filing Confidential IPO Paperwork "There's no set date and more flexibility," experts say.
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If you made certain spends beyond specified limits, you'll need to file ITR for FY20 even if your income was zero
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The property that need to be transferred, requires to be stamped and registered at the sub-registrar of assurances having appropriate jurisdiction
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It makes sense to stick to your asset allocation in volatile market conditions like the one prevailing now
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American Airlines Will Cut 19,000 Jobs In October As Coronavirus Decimates Travel Industry It's not clear if there will be any more federal stimulus money for airlines from Washington.
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Best Buy's Future Is Still Made of Brick

Wall Street Journal - 25 Aug 2020 18:02
Best Buy was able to maintain decent sales while stores were closed, but a revenue surge following store reopenings highlights how important bricks and mortar still is for the company.
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What We Learned From Ant Group's New IPO Filing The fintech giant, which operates China's largest payments platform, is preparing for what could be one of the biggest IPOs in years after raking in $3.2 billion in profit in the first half of the year.
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Fitbit Can't Race Past Google's Shadow

Wall Street Journal - 25 Aug 2020 16:29
New smartwatches and fitness tracker come as Google buyout remains up in the air.
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Where Trump Stands On Student Loan Forgiveness Here's what Trump would do to student loan forgiveness.
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Best Buy is one of the retailers that has benefited from stay-at-home trends during the pandemic, such as working from home and attending school remotely.
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Remote Work Debate Gets a Little Dark Humor

Wall Street Journal - 25 Aug 2020 15:39
Videoconferencing app Zoom, whose stock has become a bestseller during the pandemic, experienced a lengthy outage just as teleconferencing came under fire.
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