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Market News

Location American Market News for 5 November 2020
Unemployment Claims Remain Above Pre-Pandemic Highs With No More Federal Aid In Sight Weekly jobless claims fell only sightly last week as the labor market's recovery stalls.
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Stock That Offers 50% Upside: Dish Network

Forbes - 5 Nov 2020 15:30
Stock That Offers 50% Upside: Dish Network We believe that Dish Network stock may be a good opportunity at the present time. DISH trades at $26 currently and is, in fact, down 26% so far this year (from $35 at the beginning of 2020). It traded at $41 in February ...
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These Stocks Are Expected To Record Explosive Earnings Growth In 2021. Should You Buy Them Today? Are these two UK shares exceptional growth stocks for 2021? Or are they dangerous investor traps?
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Lithia Motors Is Up 60% In 2020: Will The Gains Continue? After more than a 63% rise this year, at the current price near $240 per share, we believe Lithia Motors stock can continue its growth. LAD stock has increased from $147 to $240 since the start of the year compared to th...
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Merit Medical Systems Stock Is Up 2x But Has More To Go Despite a solid 2x rise since the March 23 lows of this year, at the current price of around $50 per share we believe Merit Medical Systems stock, a company that manufactures disposable medical devices and surgical kits,...
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The 69,000 seized bitcoins once belonged to Silk Road founder Ross Ulbricht, the Justice Department said.
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Traders Settle Case Tied to Hack of SEC's Corporate Database

Wall Street Journal - 5 Nov 2020 23:49
Two men accused of trading on information hacked from a government database by Ukrainians will pay $425,000 to settle regulatory claims, a fraction of the illegal profits they were alleged to have earned.
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Carrier Reports Solid 3Q20 Results; Stock Near Fair Valuations , leading global provider of HVAC, refrigeration, fi re, security, and building automation technologies, reported solid 3Q20 results with an overall beat versus consensus on both revenue and EPS.
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We have a market-friendly atmosphere this week as a "house divided" appears to be the outcome of the election and the Fed just let investors know it's maintaining its "hands off" monetary policy that keeps borrowers happ...
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Federal Reserve Doesn't Have to Just Wait on Washington

Wall Street Journal - 5 Nov 2020 22:10
As the outlook for fiscal stimulus remains unclear, the Fed has options of its own.
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Powell Still Thinks U.S. Needs More Stimulus For Full Recovery The Federal Reserve left rates at zero amid the ongoing economic damage caused by the coronavirus.
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A Biden Win And Split Congress Is Wall Street's Best-Case Scenario, Now Investors Turn Focus To These 3 Big Issues Election results are still trickling in, but Wall Street is focused on what happens next.
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A Warning From The United Kingdom: Renewable Energy May Not Suffice Calm, cold air stills Britain's wind farms, exposing the country to power shortages and forcing coal plants back into action.
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Exxon Mobil, Not Facebook, Is Trailer Trash The Facebook dream persists for me, valuation somewhat contained by the hostile financial press and Mark Zuckerberg's feisty public persona.
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Why GM's Spectacular Profit Won't Change Investors' Minds

Wall Street Journal - 5 Nov 2020 20:25
Detroit has shown that it can deal with pandemics. The question now, particularly as results from Tuesday's presidential election continue to favor Joe Biden, is whether it can handle electric vehicles.
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Health-Care Stocks Are on the Mend

Wall Street Journal - 5 Nov 2020 20:20
As election results trickle in, the health-care industry is emerging as a clear winner.
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Americans Are Buying Homes Sight Unseen: Here's Why What if you could buy or sell your home on a smartphone app?
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Bitcoin Surpasses $15,000 To Reach Fresh 2020 High Bitcoin surpassed $15,000 today, causing analysts to look to fresh, all-time highs. When will the cryptocurrency reach $20,000?
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Top Stocks To Short Today As Post-Election Rally Continues While the election and the results will dominate attention for the foreseeable future, investors are also eagerly anticipating the FOMC announcement today and the October jobs reports tomorrow. For now, our deep learning...
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Top Stocks To Buy Today As Dow Surges For Fourth Consecutive Day Markets continued the post-election rally with strong gains for the fourth consecutive day. This has been the best weekly performance for the indices since April, as investors continue to remain optimistic that there wil...
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The DOJ says the acquisition would allow Visa to unlawfully maintain a monopoly in the online debit market.
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The Danish Minks Have Gone Viral

Wall Street Journal - 5 Nov 2020 18:16
A mutation of Covid-19 found in Danish minks may put a dent in fur coats this season, among other things.
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