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Market News

Location American Market News for 26 August 2020

Small Biotech Stock CytoDyn Soars on 'Warp Speed' Comment

Wall Street Journal - 26 Aug 2020 17:45
CytoDyn Inc. shares climbed after a former adviser said he thought the company would move forward with the federal Operation Warp Speed program, but the company isn't currently being considered for the program
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Vanguard Scales Back in Asia

Wall Street Journal - 26 Aug 2020 14:15
The indexing giant plans to close its operations in Hong Kong and Japan, as it focuses on individual investors and mainland China.
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Salesforce soars on big earnings beat

CNBC - 26 Aug 2020 05:19
An adjustment to reflect a gain on investments helped Salesforce beat expectations, a day after the announcement that Salesforce would join the Dow Jones Industrial Average.
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Currently, the average interest rate on 5-year tax saving FD in most leading banks is in the range of 5.3% to 5.5%.Senior citizens get an additional interest rate of 50 basis points (bps) over and above the others
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How Hurricane Laura Could Impact Oil Prices And Equities As we keep in mind the safety and wellbeing of people in Texas and Louisiana, look for Hurricane Laura to impact these investments.
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Roku Stock Roars Higher On Bull Note

Forbes - 26 Aug 2020 21:53
Roku Stock Roars Higher On Bull Note The shares of Roku Inc (ROKU) are surging today, up 12.7% at $166.58 at last check, after Citigroup initiated coverage with a "buy" rating and $180 price target.
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Palantir's Valley Shots Could Misfire

Wall Street Journal - 26 Aug 2020 21:29
Software maker tries to set itself apart from Silicon Valley, but government contractors typically don't command a premium.
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Dick's Sporting Goods Looks Surprisingly Fit

Wall Street Journal - 26 Aug 2020 19:41
The retailer saw net sales jump 20%, with some credit going to executives' ability to react quickly to shifts in consumer demand.
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Tax on your gold and real estate investments

livemint.com - 26 Aug 2020 19:23
Over the past few years, returns from real estate have been poor to negative. On the other hand, gold does not give attractive returns in the long term and has high transaction cost.Here is a look at the taxes that apply...
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Investing in SGBs is a good idea if one plans to hold gold till the bonds' maturity but while buying it in the secondary market, one should see that one gets it at a good price
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The burden of bundled loans is heavier

livemint.com - 26 Aug 2020 19:21
Question the lender if it's mandatory to take a bundled product. Negotiating hard and doing a cost-benefit analysis will save you from spending extra
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Best Dividend ETFs For August

Forbes - 26 Aug 2020 18:31
Best Dividend ETFs For August For those who want to turn down the volatility in their portfolio, we're looking at some U.S. dividend ETFs and how investors have been selling the majority of them. Our deep learning algorithms have gone through the dat...
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Why Hurricanes Can Take Gasoline Prices for a Wild Ride

Wall Street Journal - 26 Aug 2020 18:21
Investors are keeping a close eye on energy markets as Hurricane Laura moves toward the Texas-Louisiana border. Here's what you need to know about how hurricanes and tropical storms can affect gasoline prices.
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Best Stocks To Short Today As Dow Trades Flat Amid News Of Shakeup This morning markets were flat after reaching new all-time highs yesterday. A soon-to-be Dow Jones entrant, Salesforce, reported blowout earnings after the bell yesterday and looks to be up in the double digits today. If...
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Stimulus Update: White House's Meadows Says He's Reached Out To Pelosi To Restart Talks Coronavirus relief negotiations ground to a halt at the end of July after top lawmakers were unable to come to an agreement. Politicians are still playing the blame game.
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Trump's Coal Resurgence Promise Has Gone Underground Even though Candidate Trump promised "he would be putting miners back to work" there are fewer coal mining jobs now than when he took office.
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The move comes after several real estate bodies had sought the reduction to push property sales
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Best Stocks To Buy Today As Markets Aim For New Record Highs Markets are looking for some direction today with the Dow lower, the S&P flat, and the Nasdaq higher. Some optimism is shown on the economic side today with durable goods orders rising 11.2% in July, smashing expectation...
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The aim is to simplify the way businesses collect payments through various digital modes.While businesses gear up for recovery amidst COVID-19 challenges, adapting to change quickly is the need of the hour, said Siddhart...
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SEC Gives More Investors Access to Private Equity, Hedge Funds

Wall Street Journal - 26 Aug 2020 16:40
The Securities and Exchange Commission deemed more investors capable of "fending for themselves" in the largely unregulated world of private-equity firms, hedge funds and business startups.
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September Outlook: How About Some Volatility? Pre-Election Strains Could Start Showing Investors see volatility rising in September as election approaches, meaning the market might start to feel the impact.
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How To Buy High-Yield REITs For 150%+ Upside Before we go further, I can understand if you're leery of REITs.
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