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Market News

Location American Market News for 24 September 2020
Cautionary Measures: Hesitancy On Street As Lack Of Stimulus, Virus Fears Weigh There's a cautious feeling around Wall Street this morning as softness from yesterday spilled into the new session. Lack of a stimulus continues to weigh, and so do rising virus fears. Weak jobless claims this morning di...
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MicroStrategy Stock's Chances Of Recovering From Recent Drop Look Weak MicroStrategy Stock (NASDAQ: MSTR) stock has moved -11.8% in a week (5 trading days). Using this trend and 20 years of historical stock data, the Trefis AI engine finds that the stock will likely move just 0.2% over the ...
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The precious metal is set for its worst week in six months while silver's weekly losses are the biggest in nine years.
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Dow Drops 150 Points After Another 870,000 Americans File For Unemployment Weak economic data weighed on markets.
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Home Depot Looks Overvalued After 80% Gains

Forbes - 24 Sep 2020 15:40
Home Depot Looks Overvalued After 80% Gains After an 80% rise since the March lows of this year, at the current price of around $270 per share, we believe Home Depot's stock has reached its near term potential. The home improvement retailer has seen its stock outp...
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Turkey's Unexpected Rate Rise Gives Lira a Lift

Wall Street Journal - 24 Sep 2020 15:37
Turkey's central bank raised its interest rates--a surprising step amid recurrent calls by President Recep Tayyip Erdoğan to keep them low--in an attempt to counter the country's economic problems.
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Norwegian Cruise Lines: More Rough Seas Or Time To Buy? The stock of cruise operator Norwegian Cruise Line Holdings has fallen over 10% in the last 5 trading days, which is a much sharper decline compared to the S&P 500 which moved down 2.8%. The underperformance is because i...
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Westpac, Australia's second-largest bank, said it would pay a $920 million penalty for breaches that included a failure to detect transfers that may have been used to facilitate child exploitation in Asia.
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Berkshire Hathaway, Apple, Disney Lead List Of S&P 500 Companies Paying Under 10% In Taxes Look who's paying their "fair share". Here's another way to think about the C-corp for global businesses.
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Blank-Check Firms Under Regulatory Scrutiny

Wall Street Journal - 24 Sep 2020 22:34
The SEC chairman said the regulator is examining how sponsors of blank-check companies disclose their ownership and how any compensation is tied to an acquisition.
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Signal Says Don't Sweat The PLUG Pullback

Forbes - 24 Sep 2020 20:43
Signal Says Don't Sweat The PLUG Pullback Renewable resource stock Plug Power (PLUG) has had an impressive run on the charts lately. Today though, PLUG is down 5.7% to trade at $11.39, despite a new partnership with Linde for fuel cell vehicles. The good news is...
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End To Higher Unemployment Payments Could Cut Consumer Spending By A Quarter Research Shows Researchers have found that cuts to unemployment benefits could prove a major drag on consumer spending.
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Top Dividend ETFs For September

Forbes - 24 Sep 2020 19:24
Top Dividend ETFs For September One of the ways that investors can cope with the current market climate is by investing in ETFs that focus on dividend payers. This is a good strategy. While many are concerned about tough markets to navigate, our deep l...
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As people age, they should start simplifying their financial lives as far as possible
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Standard health plans cover the cost of hospitalization for treatment and exclude the cost of hospitalization for diagnostics
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Five queries to deal with before buying a property

livemint.com - 24 Sep 2020 18:56
A house may be one of your biggest investments, so be careful about the decision
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As China Faces U.S. Forced Labor Sanctions, Uzbekistan Becomes A Model Here's a place to find cotton, if it's going to be banned from Xinjiang China -- Uzbekistan.
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CarMax Only Looks Like a Lemon

Wall Street Journal - 24 Sep 2020 18:27
The used-car retailer is clearly hyper-aware of budding online competitors such as Carvana; so are its investors.
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China's 2060 Climate Change Gambit

Wall Street Journal - 24 Sep 2020 18:20
China has committed to dramatically reducing carbon emissions at the U.N. Its policies on coal remain far more noncommittal.
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Top Stocks To Short Today As Weekly Jobless Claims Disappoint Amid fears of a double-dip recession, jobless claims were just released, and investors were thoroughly disappointed. Although well off the premarket lows, indices were still red across the board. The deep learning algori...
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What Data Can Do For Your Dispensary

Forbes - 24 Sep 2020 17:52
What Data Can Do For Your Dispensary Cannabis transaction data can power retailers' profits.
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RSI Alert: General Dynamics Now Oversold

Forbes - 24 Sep 2020 17:41
RSI Alert: General Dynamics Now Oversold making General Dynamics an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of GD entered into oversold territory
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