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Market News

Location American Market News for 13 October 2020
Cruise Stocks Are Sinking-Again-After Royal Caribbean Reveals It's Raising A $1 Billion Lifeline America's three largest cruise lines made up Tuesday's worst-performing S&P 500 stocks.
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Europe Can Now Put Tariffs On $4 Billion In U.S. Products Each Year, Including Boeing Jets, Ketchup And Citrus Fruit The new decision from the World Trade Organization is related to an ongoing trade dispute between Europe and the United States over subsidies to aircraft manufacturers.
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Stocks Fall Despite Bank Earnings Blowout As Lack Of New Stimulus Continues To Weigh On Investor Sentiment JPMorgan's chief financial officer said Tuesday morning that the firm remains heavily weighted to economic downside scenarios, as uncertain-especially related to future stimulus-remains high.
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Polish E-Commerce Platform Allegro Surges 63% On Stock Market Debut The IPO was the largest ever on the Warsaw Stock Exchange valuing the company at just over $19 billion after its first day of trading.
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JPMorgan, Citigroup Signal That Economy Isn't Out of the Woods

Wall Street Journal - 13 Oct 2020 19:55
Both banks reported better-than-expected results, but JPMorgan CEO James Dimon said the U.S. needs another coronavirus relief package.
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Citigroup Pulls In $3.2 Billion In Profit As Banks Beat Expectations The Wall Street giant beat revenue expectations in the third quarter after agreeing last week to pay a $400 million penalty to regulators.
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Norwegian Cruise Line Climbs Again - Should You Ride The Momentum Now? Last month was a rollercoaster for cruise liners. First, stock prices declined because of a fresh wave of infections in key European markets casting clouds over near-term demand recovery. Then came the recovery. In fact,...
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Apple's New iPhones Aim High and Wide

Wall Street Journal - 13 Oct 2020 23:00
The largest array yet of new iPhones reflects an aggressive pricing bet on 5G technology.
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Top Growth Stocks For October

Forbes - 13 Oct 2020 22:37
Top Growth Stocks For October Largely led by growth stocks, the markets have rallied furiously since the March bottoms were hit. These growth names have been at the forefront of the new COVID world, and have kept our world not only afloat, but growin...
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The Bottom Line on Chromebooks

Wall Street Journal - 13 Oct 2020 21:09
For PC makers, a business propped up by Chromebooks is very definitely a mixed blessing.
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Monday's Big Tech Rally Looks Suspicious

Forbes - 13 Oct 2020 21:07
Monday's Big Tech Rally Looks Suspicious China's move to weaken the Yuan likely played some role in the dollar's stability, but still, it's surprising to see such a powerful move in the stock market without any corresponding move in the greenback, at least judg...
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Bernstein Downgrade Grills Beyond Meat Stock The shares of Beyond Meat (BYND) are down 3.9% at $184.85 at last check, after Bernstein downgraded the faux meat concern to "underperform" from "market perform."
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Imperative Messages From The World Food Programme's Nobel Peace Prize: Remembering Frank Shefrin's Role The Nobel prize committee sent the world a series of imperative messages last Friday when it announced that the United Nations' World Food Programme (UN's WFP) will be the recipient of the 2020 Nobel Peace prize.
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McConnell Says Senate Will Vote On 'Targeted' Stimulus Bill As Trump Pushes For A Bigger Deal--Again It's not clear whether the new plan includes another round of $1,200 stimulus checks. The last "skinny" offering from the GOP did not.
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Top Stocks To Short Today As Dow Slips Following Poor Vaccine News Markets have been on a tear to start October, but investors still harbor concerns over a second COVID wave and stimulus impasse. Our deep learning algorithms are here for you and have crunched the data to provide a set o...
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65% Of Investors Say Trump Better For Stock Market. Only 16% Say Biden Wall Street already knows what to expect from Trump. A Biden win doesn't scare them. They'll get the stimulus they want.
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Earnings Preview: What To Expect From Wells Fargo On Wednesday Wells Fargo & Company is scheduled to release earnings before Tuesday's open.
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Airline Makes Real Money on Fake Flights

Wall Street Journal - 13 Oct 2020 17:48
Events like Singapore Airlines' on-the-tarmac meals might not make up revenue losses, but they provide warm reassurance to an industry that desperately needs some.
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Five Takeaways From JPMorgan's Third-Quarter Earnings

Wall Street Journal - 13 Oct 2020 17:41
The financial health of the nation's largest bank tends to rise and fall with the U.S. economy, which is in the grips of a painful recession thanks to the coronavirus pandemic.
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Amid Pandemic, JPMorgan Can Afford to Think Long Term

Wall Street Journal - 13 Oct 2020 17:35
JPMorgan Chase posted a stronger-than-expected quarter, but the real upside for the bank will be much farther down the road.
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Capital Group Boosts Stake in Deutsche Bank

Wall Street Journal - 13 Oct 2020 17:15
The U.S. investor's move sounds a note of confidence in the troubled European banking sector.
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Will Live Nation Survive Covid-19?

Forbes - 13 Oct 2020 16:30
Will Live Nation Survive Covid-19? Yes, Live Nation Entertainment- an entertainment company engaged in ticketing, concert promotions, artist representation, and production can survive the Coronavirus, despite the fact that the company's business has large...
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