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Market News

Location American Market News for 4 November 2020

Stock Futures Wobble as Polls Begin to Close

Wall Street Journal - 4 Nov 2020 04:35
Futures erased an earlier rally as results showed a tight presidential contest in the battleground state of Florida.
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Ant Founder Jack Ma Faces Backlash From Regulators

Wall Street Journal - 4 Nov 2020 00:20
The extraordinary move to suspend the $34 billion initial public offering of Ant Group, the online-finance operation carved out of Alibaba, caps a tug of war between billionaire Jack Ma and China's top regulators.
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Why Bad Times Demand More...Saving!

Forbes - 4 Nov 2020 17:42
Why Bad Times Demand More...Saving! Remember when the COVID crisis first was registered around March of this year?
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Markets Lose All Hope For Big Stimulus With Election Outcome Still Unclear "We're not going to have major economic initiatives, absent a crisis."
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UPS Named 'Top Dividend Stock Of The Dow Transports' At Dividend Channel With 2.5% Yield United Parcel Service has been named as the ''Top Dividend Stock of the Dow Transports'', according to Dividend Channel, which published its most recent ''DividendRank'' report.
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Strategic Education Stock Provides 80% Potential Gain After having more than halved since the pre-Covid (February 2020) level, at the current price of $84 per share, we believe Strategic Education stock is undervalued. Strategic Education is an education services company th...
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Election Day Means Sitting Tight for Some Young Traders

Wall Street Journal - 4 Nov 2020 05:43
These individual investors are confronting one of the most extraordinary presidential elections in U.S. history.
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Prudential Posts Profit Increase of Almost 5%

Wall Street Journal - 4 Nov 2020 00:52
Prudential, one of the largest U.S. insurers, kicked off insurance earnings this week. The company is often seen as the bellwether for the quarter's insurance-industry performance.
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Qualcomm has said it is well-placed to benefit from the rise of 5G networks and handsets.
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Pharma Stock Eyes Best Day Ever On FDA Backing A close look into why Biogen stock is surging toward its best day ever.
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Top U.S. Value ETFs For November

Forbes - 4 Nov 2020 21:33
Top U.S. Value ETFs For November After the brutal sell-offs from the last two weeks, sentiment has surely changed this week, with stocks surging. One of the ways that investors can protect themselves from unpredictable markets is by investing in value E...
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Why Is the Stock Market Up as Election Results Come In?

Wall Street Journal - 4 Nov 2020 20:48
Technology stocks are leading major indexes, while banks are lagging. Traders expect Republicans to maintain control of the Senate and Joe Biden to narrowly win the presidency.
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Uber and Lyft's Victory Lap May Be Fleeting

Wall Street Journal - 4 Nov 2020 20:30
The passage of California's Proposition 22 is the culmination of years of work by gig economy companies to fight off employee reclassification threats from regulators that would massively inflate labor costs.
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Election Gives TINA Fresh Legs

Wall Street Journal - 4 Nov 2020 19:52
The blue-wave narrative guiding many investors in the days before the election has fallen apart, changing the calculus about which investments might do well or poorly as a result of the election.
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McConnell Changes His Tune On Stimulus: 'We Need To Do It Before The End Of The Year' The Senate Majority Leader also said there's a "possibility" the bill would include more aid to state and local governments.
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VW Sold 75x As Many ID.3s In The Netherlands In October As Tesla Sold Model 3s Volkswagen's new ID.3 hatchback BEV model, introduced in September, has roared out of the gate and knocked Tesla's Model 3 into the also-ran category.
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Bank Stocks Fall as Stimulus Hopes Fade

Wall Street Journal - 4 Nov 2020 19:29
Shares of some regional banks fell as much as 10% even though the broader market rose.
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Winter Without Stimulus Is Double-Whammy for Some Retailers

Wall Street Journal - 4 Nov 2020 19:12
The compounding effect of a Covid-19 second wave and no government intervention seems likely to push many already vulnerable stores over the edge.
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History In The Making: What Are The Trends Among Family Offices? Family offices are once again highly active in finding good deals and some of the lifetime deals could be coming from the new relationship between the United Arab Emirates and Israel.
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Treasury Yields Fall on Reduced Stimulus Expectations

Wall Street Journal - 4 Nov 2020 18:52
Government-bond yields dropped sharply, reflecting traders' bets that the results from Tuesday's election will lead to smaller economic stimulus efforts than many had expected.
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Don't Be So Quick to Vote Out Financials

Wall Street Journal - 4 Nov 2020 18:43
Investors have rendered their own split decision: The state of the U.S. election seems good for the market broadly, but bad for banks and financial companies. The reality might not be so stark.
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A Bad Historical Parallel for Tech Investors

Wall Street Journal - 4 Nov 2020 18:23
A Biden victory and a Republican Senate would mirror a lousy stretch for tech stocks.
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