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Market News

Location American Market News for 30 September 2020

Disney's Parks Can't Stand on Pandemic's Middle Ground

Wall Street Journal - 30 Sep 2020 19:59
Layoffs at Disney are the latest indication that real recovery is unlikely before a Covid-19 vaccine.
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General Atlantic Comes Calling On Asia's Richest Man's Retail Business U.S. private equity firm General Atlantic will invest 36.75 billion rupees ($498 million) in the retail business of Mukesh Ambani's Reliance Industries.
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Stocks Close A Dismal September As Investors Prepare For An Even Rockier October Market volatility is likely to increase in October ahead of the election, experts warn.
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No Second Stimulus Deal Today: House Democrats Move To Vote On Their Own Bill, McConnell Throws Cold Water On Talks Mnuchin and Pelosi did not reach a deal on the next round of stimulus aid Wednesday afternoon, though Pelosi said talks "will continue."
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Two S&P 500 Sectors Have A Rising FCF Yield Through 1H20 This report analyzes free cash flow (FCF), enterprise value and the FCF yield for the S&P 500 and each of its sectors.
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Asana Starts Trading as Palantir Waits On Deck

Wall Street Journal - 30 Sep 2020 18:52
The pair of direct listings expected Wednesday on the New York Stock Exchange are the first major IPO deals of the sort since Slack Technologies and Spotify.
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Quarter Flip: Q3 Wraps Up After Contentious Debate That Failed To Resolve Investor Fears The market was actually up during the debate but fell afterward. This could be because people like to see a picture painted of America in the future, and neither candidate really delivered that.
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Why You Should Look For Stocks Climbing Out Of A Today I'm going to show you a trading tactic so simple, yet so reliable, it'll allow you to predict when certain stocks will skyrocket days or even weeks in advance.
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Stock Futures Retreat on Political Risks, Rising Infections

Wall Street Journal - 30 Sep 2020 11:01
Investors are weighing the possibility of election results being delayed or mired in dispute, as well as the risk of a second wave of infections.
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Brett Icahn Poised to Rejoin His Father's Firm

Wall Street Journal - 30 Sep 2020 23:05
Carl Icahn will remain in charge of Icahn Enterprises for now, but the company will adopt a plan for his son Brett to succeed him as chairman and chief executive of its investment segment within seven years.
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Blank-Check Companies Get the ETF Treatment

Wall Street Journal - 30 Sep 2020 21:21
A new ETF seeks to capitalize on the boom in 'SPACS,' whose purpose is to acquire companies and bring them into the publicly traded stock market.
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What If The Covid-19 Vaccine Is A Late Arrival? Hope I'm wrong on deep skepticism about the world's resolution of the pandemic at hand. Too tough to call, as yet. Premature to be a stock picker in a pricey market that's discounting the healthcare solution by yearend.
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Beverage Stock Moves Higher Ahead Of Quarterly Earnings Report Shares of beverage behemoth PepsiCo (PEP) are rising ahead of the company's third-quarter earnings, due out before the open tomorrow.
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Elon Musk's announced new foray into lithium extraction comes at a time of falling prices and excess capacity - a perfect time to secure long term supply.
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Mnuchin Will Present Pelosi With Second Stimulus Offer Today The Treasury Secretary said he will counter a $2.2 trillion proposal from Democrats with something similar to the $1.5 trillion plan set out by a bipartisan caucus earlier this month.
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Singapore Shuts Wirecard Payments Operation

Wall Street Journal - 30 Sep 2020 17:43
Singapore's central bank ordered Wirecard AG to shut its local payment network and return customer funds, the latest step in the dismantling of the former fintech star following alleged multibillion-dollar fraud.
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Utility Megadeal Looks Unlikely and Unappetizing

Wall Street Journal - 30 Sep 2020 17:34
Duke Energy's shares surged after the Journal reported that NextEra Energy made a takeover approach. The enthusiasm looks premature.
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Stimulus Hopes Are Fading. Here's What Will Happen If It's Not Passed Soon If politicians don't hurry up and pass another stimulus bill, we might see a 180 turn of events.
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Top Stocks To Short Today As Markets Rise On Stimulus Hopes This has been a bad September for stocks, but there may be hope. Markets reversed course after Treasury Secretary Steven Mnuchin said he was "hopeful" that a stimulus would pass. If you're looking to make sense of this w...
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These Shocking Charts Show Just How Much Richer Billionares Have Gotten Since Covid The combined wealth of all U.S. billionaires increased by $821 billion or 28% between since the pandemic started to $3.768 trillion. That means they own the equivalent of nearly 20% of annual U.S. gross domestic product.
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Top Stocks To Buy Today As Dow Opens High And Erases Overnight Decline Barring an unprecedented rally today, September is set to close as the first down month for markets since March. For investors looking to make sense of these interesting times, the deep learning algorithms at Q.ai have c...
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Buffett, Buffett and the Buffet

Wall Street Journal - 30 Sep 2020 16:36
Cheeseburger in Paradise, the chain once owned by Jimmy Buffett's holding company, shut its doors eight years after the singer cashed out.
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