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Market News

Location American Market News for 28 October 2020

Will The Economy Surprise To The Upside?

Forbes - 28 Oct 2020 19:16
Will The Economy Surprise To The Upside? Despite the pandemic, the election, and other risks, Commonwealth CIO Brad McMillan says we may be closer to a full economic recovery than many expect.
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Equitable has entered an agreement with Venerable for the privately held company to reinsure 114,000 variable-annuity policies sold between 2006 and 2008.
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The Holidays Are Beginning to Look a Lot Like Pinterest

Wall Street Journal - 28 Oct 2020 23:56
Pinterest's white-hot gains could continue, even amid a Covid hot Christmas.
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AI Models Rate LKQ Between a bright future ahead and solid past performance, as well as an excellent Technicals rating, our AI has rated LKQ Corp Attractive for the month of October. This is why our AI and deep learning algorithms have det...
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Jumping Ship: Profit-Taking Seen As Election Nears, Caseloads Rise, Stimulus Hopes Fade One metric many traders are watching is virus-related hospitalizations. The caseloads continue ticking up here and in Europe, but if better treatments keep people from being hospitalized, that might be seen as positive f...
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Nightmare On Wall Street: It's Too Early To Buy Stocks (Or Anything Else) This pandemic-recession's uncertainties overwhelm stock market fundamentals
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SEC Shelves Measure to Protect Investors in Leveraged ETFs

Wall Street Journal - 28 Oct 2020 22:22
The Securities and Exchange Commission is concerned that investors may not understand the risks of some exchange-traded funds. But it put off a provision to protect individual investors, saying it needed further study.
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Bed Bath & Beyond Picks the Low Hanging Fruit

Wall Street Journal - 28 Oct 2020 21:02
Many of the retailer's issues have straightforward fixes, but its long-term goals are ambitious.
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U.S. States Face Biggest Cash Crisis Since the Great Depression

Wall Street Journal - 28 Oct 2020 20:45
The drop in income and sales tax revenue has created a historic crisis for states, with a total shortfall expected in the hundreds of billions of dollars. The projected gaps are greater than 2019's K-12 education budget ...
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Argentina's Got A Fever And The Only Prescription Is More Dollars President Alberto Fernández and his Cabinet appear unable to tame the virus nor the wild greenback, which in turn is feeding a vicious circle of growing uncertainty that immediately turns any economic policy on its head...
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Even after the 737 MAX gets cleared for takeoff, the plane maker will have a hard time delivering it to customers.
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Why Fiat Chrysler Just Reported Record Profit in a Pandemic

Wall Street Journal - 28 Oct 2020 19:28
The Italian-American car maker reported record quarterly results Wednesday. While some of the positive third-quarter dynamics will likely persist for a while, others are less reliable.
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New Coronavirus Concerns Drive Selloff in Raw Materials

Wall Street Journal - 28 Oct 2020 19:25
The threat of new coronavirus lockdown measures around the world have dragged down raw materials prices, heightening concerns that investments tied to the global economy are set for another painful selloff.
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Top Stocks To Short Today As Markets Continue Pre-Election Decline The markets' sharp downturn for the week continued today with indices sharply selling off for the third day in a row. While sentiment is mixed at best, our deep learning algorithms have crunched the data to give you a se...
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Don't Be Fooled By The Very Strong GDP Report The September quarter's GDP result will almost assuredly be the strongest ever recorded and may by twice the previous record. However, the way it is calculated distorts reality (as it did in the June quarter's downturn) ...
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Going Green: The Five States Voting On Cannabis This November On Nov. 3, 5 states will vote on cannabis. Here's what's on the ballot.
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Tiffany, LVMH Near Agreement on New Deal Terms

Wall Street Journal - 28 Oct 2020 18:44
The luxury-goods companies have come to a preliminary agreement on new deal terms that would call for LVMH to pay $131.50 for the iconic U.S. jewelry maker, down from a prior agreement of $135 a share.
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I Owe Who? Many Private Companies Struggle With Ownership Records Longer runs as private companies make it harder to maintain accurate capitalization tables.
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Top Stocks To Buy Today As Nasdaq Plunges

Forbes - 28 Oct 2020 18:37
Top Stocks To Buy Today As Nasdaq Plunges Stocks are set to sink again today amid fears of a record surge in COVID cases. If more lockdown measures are put in place over the next few weeks without a stimulus, further volatility can be expected. For investors loo...
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Windows Fogs Microsoft's Outlook

Wall Street Journal - 28 Oct 2020 17:59
Slump in corporate PC demand takes a toll, though cloud business continues to shine.
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The coronavirus pandemic and its effect on the baseball season are providing the biggest test yet of the unusual structure used by a group of business associates to buy the Los Angeles Dodgers.
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The Stock Market Does Not Care Who Wins On Election Night Past elections show that economic and financial circumstances are far more influential on stock prices than who wins the White House. It's not different this time.
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