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Market News

Location American Market News for 3 November 2020
On Election Day, Here Are Ten Grim Numbers That Sum Up The U.S. Economy Right Now Coronavirus cases are surging and there's no more stimulus in sight.
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Calm Waters Ahead Of Election Results: Recent Rally Could Reflect Hopes For Post-Vote Spending As election day dawns, hopes that the winner might jumpstart a new economic stimulus seems to be propping up the market. Volume is thin, however, which makes it easier to push things around.
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Zoom, Okta, DocuSign: With Covid Cases Surging, Should You Revisit Work From Home Stocks? The Covid-19 pandemic has forced people to increasingly work and learn from home, causing surging demand for connectivity, collaboration, and cybersecurity-related software. Our indicative theme on Work And Learn From Ho...
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Dow Rallies 550 Points As Investors Look Forward To Election Clarity Despite the solid market upticks on Monday and Tuesday, stocks still haven't added back last week's losses.
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Long-awaited good news could turn sour for the cruise industry, pending U.S. presidential election results.
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Ferrari vs. Ferrari: Do Sports Car Makers Need Motorsports?

Wall Street Journal - 3 Nov 2020 21:17
The Italian company's problems on the track this year don't seem to be affecting its ability to sell cars to the super-rich.
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PayPal's Growth May Fade, but Its Future Is Still Bright

Wall Street Journal - 3 Nov 2020 21:05
PayPal may no longer be able to count on a historic transition from the checkout counter to online and touchless payments. But investors shouldn't abandon the stock yet.
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Goldman Sachs Says Election Winner Could Be Obvious Tonight--Here's How It all depends on four Sun Belt states.
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Top Stocks To Buy Today As Markets Extend Gains Into Election Day Markets are set to continue yesterday's gains, as investors seem relieved that election day is finally here, and optimistic that we will know a winner sooner rather than later. For anxious investors looking to make sense...
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Saudi Aramco Can't Escape a Brutal Oil Market

Wall Street Journal - 3 Nov 2020 19:35
Oil producers are used to price cycles, but this one has been a doozy and hopes are fading that the worst has passed. Saudi Aramco has few easy ways to offset the pain.
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Wayfair Finally Starts to Feel Comfortable

Wall Street Journal - 3 Nov 2020 19:21
The online furniture seller has booked its second consecutive quarterly profit after straight quarterly losses ever since its 2014 market debut.
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Saudi Arabia and other OPEC members are considering deepening oil production cuts amid rising Covid-19 cases in the West and fresh economic lockdowns in Europe that could curb oil demand further, according to oil officia...
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Will Spirit Aerosystems Stock Recover Anytime Soon? We believe there may be better places for your money than Spirit Aerosystems stock at the present time. SPR trades at $19 currently and it has lost 72% in value this year. The stock has not gained much since March due to...
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This Tax-Free 5.3% Dividend Is The Cure For Election Volatility Another reason for muni bonds' popularity? Low interest rates.
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Mettler-Toledo Stock Can See Lower Levels

Forbes - 3 Nov 2020 16:40
Mettler-Toledo Stock Can See Lower Levels Mettler-Toledo stock (NYSE: MTD) is up 27% since the start of the year and has gained around 70% from its March lows. Mettler-Toledo, a global manufacturer of scales and analytical instruments, faces downside risk as the...
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Continue To Ride Abbott Stock In The Current Pandemic Abbott's stock lost more than 27% - dropping from $87 at the beginning of the year to below $63 in late March - then spiked 66% to around $105 now. That means it is well above the levels where it started the year. Why? A...
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The S&P 500 is poised to climb a second day, extending a 55% rally that began at the end of Election Day in 2016.
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Ant IPO in Shanghai and Hong Kong Suspended

Wall Street Journal - 3 Nov 2020 16:09
The exchange postponed the financial-technology giant's blockbuster offering a day after regulatory agencies summoned Jack Ma, the company's controlling shareholder, and top executives to a closed-door meeting.
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Don't Pay Wells Fargo Specialized Technology Fund To Chase Momentum I see little reason for investors to pay fees to professional managers to chase momentum stocks for them.
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Akamai Stock To Surge To New Highs?

Forbes - 3 Nov 2020 16:00
Akamai Stock To Surge To New Highs? Despite more than a 20% rise since the March lows of this year, at the current price of around $97 per share, we believe Akamai stock is still a good opportunity for investors. Akamai stock has increased from $80 to $97 ...
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Rising Farm Exports to China Lift Agribusiness, Farmers

Wall Street Journal - 3 Nov 2020 16:00
China's effort to boost pork production, and buy more U.S. grain and meat following this year's U.S.-China trade agreement, are driving a surge of American farm goods across the Pacific.
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Earnings Preview: What To Expect From Mercadolibre On Wednesday MercadoLibre is scheduled to report earnings before Wednesday's open. Here's what to expect.
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