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Market News

Location American Market News for 2 October 2020
Stimulus Talks Falter, But Employment Continues To Grow: Implications Of Trump COVID-19 Test While stimulus talks progressed on Wednesday, they fell short on Thursday. The latest numbers for September show that employment grew by 661,000, hampered by school reopening decisions. While the Trump's positive test in...
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Walmart's Brexit Goes Smoothly

Wall Street Journal - 2 Oct 2020 18:12
Now is as good a time as any for Walmart to get out of the U.K. business.
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Payrolls Step Aside: Presidential Covid-19 Diagnosis Takes Over As Day's Big Story, Hurting Stocks The president's diagnosis reinforces the fact that Covid remains this market's top story and will continue to for a while. At the same time, today's payrolls data came in weak, raising new concerns that the slowing fisca...
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3 Reasons A Stimulus Bill Might Never Happen Will there even be a stimulus deal?
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Top Stocks To Short Today As Markets Decline Amid Slowed Recovery While October opened yesterday positively, amid news of President Trump and the first lady testing positive for the coronavirus overnight, global markets tumbled and opened firmly in the red. For investors looking to hed...
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What Happens When The Stumble-Through Economy Stalls Our economic prospects looked bleak back in March and April. Much of the economy was closed down, we didn't know how bad the virus would get, and it was hard to see a good outcome.
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Few Reasons To Celebrate The Latest Employment Report Employment data released today was surprisingly disappointing, and negative surprises may now be a feature in future releases.
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The News Investors Should Be Watching

Forbes - 2 Oct 2020 22:44
The News Investors Should Be Watching From the jobs report to the news the president has the coronavirus, Commonwealth CIO Brad McMillan examines how the headlines may rattle the markets.
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Analyzing Tesla's Disappointing 3Q20 Unit Sales Data The "whisper" estimate for Tesla's 3Q2020 deliveries was higher--north of 145,000 units--but I won't dishonor my beloved profession of equity analysis by naming the buffoons who pumped TSLA shares yesterday.
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From Pandemic-Driven Selloff To Bubbly Valuations Private equity in particular is turning out to be one of the big winners this year alongside technology, of course.
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Top Stocks To Buy Today As Markets Tank Amid Trump COVID News Nervous investors are bracing for a rough trading day amid news that President Trump and the first lady tested positive for COVID-19. Furthermore, markets faced additional headwinds based on the latest jobs report. These...
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The U.S. Jobs Recovery Is Sputtering

Wall Street Journal - 2 Oct 2020 18:42
In normal times, a monthly employment report showing the economy adding 661,000 jobs would be fantastic news. But these aren't normal times, and if anything the September employment figures counted as bad.
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China Is Not Even Close To Meeting Phase One Trade Deal Agreements Or maybe (depending on whom you ask) it's just China being China.
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Bond Yields Rise in Volatile Trading

Wall Street Journal - 2 Oct 2020 17:49
The 10-year U.S. Treasury yield whipsawed Friday, swung by the president's positive Covid-19 test, a lackluster jobs report and hopes for further stimulus from lawmakers.
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President Trump's positive Covid-19 test is yet another source of uncertainty, but the market impact of election days is hard to gauge.
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The Millionaire Who Gave Moderna a Shot

Wall Street Journal - 2 Oct 2020 17:00
Legions of investors piled into Moderna Inc. this year, drawn by its position as a front-runner in the global hunt for a coronavirus vaccine. Hedge-fund manager Patrick Degorce has been a believer for nearly a decade.
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Xilinx Stock Overpriced At $104?

Forbes - 2 Oct 2020 16:10
Xilinx Stock Overpriced At $104? After a 1.5x rise since its low in March, at the current price of around $104 per share, we believe Xilinx stock (NASDAQ: XLNX) could see significant downside.
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Wilshire Associates Agrees to Sale

Wall Street Journal - 2 Oct 2020 16:00
Two private-equity firms agreed to acquire the 48-year-old employee-owned investment advisory, management and data firm.
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Mastercard Stock Unlikely To Sustain Its Current Level After a nearly 70% rally off the March bottom, Mastercard's stock (NYSE: MA) looks fully valued based on its historic P/E multiples. Mastercard, the second-largest global payment solutions company in the world, has seen ...
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Seagate Technology's Cash Flow Increases The Safety Of Its Dividend Yield Get the details on one of the stocks featured in the Safest Dividend Yields Model Portfolio.
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The overall story from the new Bureau of Labor Statistics jobs report for September is that the labor market continued to gain jobs - 661,000 of them - but that the recovery continued to slow and, by some measures, becam...
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What's The Buzz About Roche's New Drugs?

Forbes - 2 Oct 2020 15:00
What's The Buzz About Roche's New Drugs? Despite multiple patent expirations of some of its key drugs, including Avastin, Herceptin, and Rituxan, Roche, one of the largest pharmaceutical companies with a market capitalization of close to $300 billion, saw its s...
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