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Market News

Location American Market News for 29 October 2020
The Stock Market Is On The Edge Of A Historic Crash The stock market is crashing again, and there are five forces weighing down stocks you must be aware of.
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Bitcoin Still Needs To Pass These Two Big Tests Bitcoin's recent breakout could be one of the most important moves in its history. Not only is it happening at a seemingly crucial juncture for the economy, but it's doing so as important relationships in the market are ...
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Jobless Claims Fall Slightly Amid Coronavirus Surge Preliminary GDP data showed the economy grew 7.4% in the third quarter, but there's still a long road to recovery ahead.
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Google parent company Alphabet reported earnings after the bell Thursday. Here are the results.
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Investors and analysts didn't get a hint at how Apple is projecting the sales performance of the iPhone 12, which went on sale in October.
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Starbucks' global same-store sales fell 9% in its fiscal fourth quarter.
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Zoom Is Now Worth More Than ExxonMobil--And Founder Eric Yuan's Net Worth Has Nearly Doubled In Three Months As Zoom Video Communications' stock has skyrocketed, so too has the fortune of its billionaire founder.
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Stimulus Checks For $375 Will Be Issued In Colorado Stimulus checks: is your state next?
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Why Investors Should Ignore Next Week's Election The election has almost zero impact on my stock picking process. That may surprise you. You may even think I'm foolish for ignoring the election. But here's the thing: politics and investing don't mix
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Are Tesla Owners Radio Ga Ga?

Wall Street Journal - 29 Oct 2020 19:33
For an extra $500, owners of Elon Musk's electric vehicles have something available for free in even the cheapest clunker.
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Volkswagen's Turnaround Is Stalling

Wall Street Journal - 29 Oct 2020 19:15
While Ford and Fiat Chrysler enjoyed vintage third quarters, the world's largest car maker made little apparent effort to rein in costs.
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Pinterest Stock Soars 30% As Boycotting Advertisers Redirect Spending Away From Facebook, Twitter Over Hate Speech And Bias Concerns Facebook's loss was Pinterest's gain in the third quarter.
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Top Value ETFs To Buy This Month

Forbes - 29 Oct 2020 18:51
Top Value ETFs To Buy This Month In this week alone, the market witnessed its worst daily sell-off since June. Value investing is a tried and true style of investing that is perfect for uncertain times. With many concerned about unpredictable markets, Q...
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The U.S. Economy Faces a Tough Encore

Wall Street Journal - 29 Oct 2020 18:27
Economic growth rebounded sharply in the third quarter, but the hole left by the Covid-19 pandemic won't heal until the pandemic is controlled.
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American Housing Is In A Full-Fledged Boom

Forbes - 29 Oct 2020 18:19
American Housing Is In A Full-Fledged Boom I've been pounding the table on the US housing market since early 2019. And it's still one of the best money-making opportunities in the entire stock market today. Not even coronavirus could derail this runaway train.
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Pelosi Slams White House Over Stimulus Delay While Kudlow Says There's 'Virtually No Hope' The House Speaker said she still hasn't heard from the Trump administration regarding a national Covid-19 testing and tracing plan.
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Shopify Could Own Black Friday

Wall Street Journal - 29 Oct 2020 17:46
Amid the Covid-accelerated shift from brick and mortar stores to online shopping, cloud commerce platform Shopify continues to clean up.
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Top Stocks To Short Today As Unemployment And GDP Data Impresses The market witnessed its worst sell-off since June yesterday. Gains were fairly capped as investors continued to wrestle with pre-election anxiety, all-time high COVID numbers and further shutdowns, and zero stimulus on ...
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Top Stocks To Buy Today As Markets Marginally Recover Despite Positive GDP News After experiencing its worst quarter in history, U.S. GDP grew by 33.1% vs the 32% estimate- its fastest pace ever. However, as COVID cases continue surging without any stimulus in sight, markets are refusing to rally. F...
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A Broken Mortgage Market Strands Detroit's Black Residents

Wall Street Journal - 29 Oct 2020 17:10
Lenders shun the city's low-priced homes, and they lose even more value, in a cycle that keeps the housing market depressed. The city of nearly 700,000 saw barely 1,700 mortgages made last year. The solution for some Det...
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Kraft Heinz Signals the Great Grocery Boom Isn't Over

Wall Street Journal - 29 Oct 2020 17:07
Kraft Heinz and Kellogg results show the effects of pantry restocking--a trend likely to have continued with the latest spike in Covid-19 cases.
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Despite A Q3 Beat The Rally In Amedisys Stock Appears Overdone After a 82% rise since the March 16 lows of this year, at the current price of around $249 per share we believe Amedisys stock, a home health and hospice care company, has reached its near-term potential. AMED stock has ...
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