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Market News

Location American Market News for 6 November 2020
The October Jobs report released this morning by the Bureau of Labor Statistics is most quite positive, though a few trends are disturbing.
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U.S. Stock Futures Drop as Election-Week Rally Pauses

Wall Street Journal - 6 Nov 2020 14:04
U.S. stock futures edged lower, interrupting the sharpest weekly rally since April as investors focused on the still-undecided presidential election, surging Covid cases and fresh jobs numbers due out later in the day.
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A Still-Divided U.S. Makes Confronting China Harder

Wall Street Journal - 6 Nov 2020 03:21
The result of the presidential election is still unclear, but divided government--and a persistent U.S. political divide--could complicate attempts to shore up America's economic leverage with Beijing.
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Top Stocks To Short Today As Post-Election Rally Cools Down Despite no clear cut winner in the U.S. election yet, Joe Biden appears to be on the cusp of winning the nomination. Although markets somewhat cooled off today, they are still on pace for their biggest weekly gains since...
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What Does The Jobs Report Reveal About The State Of The Economy? With the jobs report coming in better than expected, Commonwealth CIO Brad McMillan says it may be a sign that the economy is adapting to the pandemic.
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Top Stocks To Buy Today As Unemployment Rate Beats Estimates Despite pre-market futures dropping, markets sharply reversed and appeared flat. The post-election rally slightly cooled off as the unemployment rate fell to 6.9% in October from 7.9%. For investors looking to make the m...
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Federal Corporate Tax Policy Likely To Remain Unchanged After bipartisan effort to harmonize US corporate tax policy with that of the rest of the world, it is hard to imagine a return to a dogmatic approach to taxing businesses.
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Will There Be Another Stimulus Deal This Year? Pelosi calls lawmakers back to the table and McConnell says he's willing, but that's no guarantee.
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Gold Hasn't Behaved Like a Haven Recently

Wall Street Journal - 6 Nov 2020 19:20
Gold's gains this week have highlighted something unusual about its rally this year: Rather than moving in the opposite direction to stocks, the haven metal and riskier equities recently have rallied and tumbled together...
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Who's Drunk on Tesla?

Wall Street Journal - 6 Nov 2020 19:07
Tesla fans can now sit back in their "Tesla short shorts," swipe on a dating app reserved exclusively for Tesla owners, all while sipping "Tesla Tequila."
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Daily Dividend Report: Union Pacific, Lam Research, Thermo Fisher Scientific, Microchip Technology, Fortive
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Industries Driving Job Gains Face Another Covid Reckoning

Wall Street Journal - 6 Nov 2020 18:43
Despite a stronger October jobs figure, colder weather and a resurgence in coronavirus cases threaten the recovery in retail and food service jobs.
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Blown Election Calls, the Stock Market and You

Wall Street Journal - 6 Nov 2020 18:03
If the election has you doubting the political experts, use it as a reminder that maybe you don't know everything either. Especially when it comes to investing.
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Jobs Report Helps Close Out Busy Week, With The Fed In The Rearview But The Election Still Undecided This morning, investors are eyeing better-than-expected payroll data even as they continue waiting for the presidential race to be decided. Meanwhile, attention is turning back to rising COVID-19 case counts in the U.S. ...
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Do Junk Bonds Pay Off in the Long Term?

Wall Street Journal - 6 Nov 2020 17:10
Data suggest that over the long term, funds that focus on high-yield debt, including junk bonds and low-grade municipal debt, deliver exactly what they promise: high yields.
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CVS reported a better-than-expected 3.5% jump in third-quarter revenue, as its plan to remake the drugstore chain into a health service company paid off.
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Ask Encore: Parents and retirees should think twice about sacrificing their retirement savings to help family members.
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Unemployment Fell To 6.9% In October, But Experts Say More Stimulus Needed For Recovery With Covid-19 cases on the rise and cooler weather ahead, many restaurants and leisure businesses are facing an uncertain future.
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Cartier's Owner Spreads Its Bets Online

Wall Street Journal - 6 Nov 2020 16:25
An investment by the owner of the Cartier jewelry brand in luxury fashion website Farfetch is a smart move. It might also be an indirect admission of weaknesses at the rival online business it owns, Yoox Net-a-Porter.
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The Investor's Mantra Through Year-End: Lawyers, Guns And Money By now, you have probably read and heard more about this election season than you ever wished to. So, in the interest of brevity, here is a quick summary of what could drive the headlines, and to some degree the markets,...
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Qualcomm, Skyworks: Apple Suppliers Already Gaining Big From iPhone 12 The iPhone 12 lineup is likely to drive a big upgrade cycle for Apple, considering the 5G radios, new screen size options, and refreshed industrial design. While Apple stock - which is up about 55% this year - looks slig...
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Markets Should Stop Caring About Quantitative Easing

Wall Street Journal - 6 Nov 2020 15:23
The second Covid-19 wave is prompting a fresh wave of "quantitative easing." Investors can afford to look away: The central-bank money machine has become a poor guide to their decision-making.
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