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Market News

Location American Market News for 9 November 2020

Peloton Needs a Breather

Wall Street Journal - 9 Nov 2020 13:00
The connected-fitness company's stock has soared as the Covid-19 pandemic has fueled sales, but closing the delivery gap will be costly.
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The InvestAmerica Plan - Reconstruction With Or Without Senate Help The new Biden-Harris Administration will require a comprehensive national reconstruction plan that can renew the nation's productive powers with or without Senate cooperation. The InvestAmerica Plan proposed here conserv...
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McDonald's said its U.S. same-store sales turned positive in the third quarter, rising 4.6%.
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A potential blockbuster drug hits yet another bump in the road, and shareholders will feel the pain.
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Is RH Stock Still Attractive At $389?

Forbes - 9 Nov 2020 13:00
Is RH Stock Still Attractive At $389? Despite an almost 82% increase in RH stock (NYSE: RH) since the beginning of this year, at the current price of around $389 per share, we believe the retailer still has a modest upside. RH is an upscale home furnishings ...
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Is Biden Ready? China's Tonya Harding View

Forbes - 9 Nov 2020 12:56
Is Biden Ready? China's Tonya Harding View Joe Biden's election provides an opening for U.S.-China relations, but there is a risk that neither country will take the steps necessary to bolster goodwill between the two nations.
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What Is Greenwashing? Here Is What Investors Need to Know

Wall Street Journal - 9 Nov 2020 03:00
In Translation: As interest in sustainable investing grows, more companies are making misleading claims about their ESG practices.
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The Economy: Through The Rear-View Mirror

Forbes - 9 Nov 2020 02:29
The Economy: Through The Rear-View Mirror The upbeat October employment report is likely showing the labor market through the rear view mirror.
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Don't Bank On A Big Economic Stimulus From Congress' Lame Duck Session The next Covid-19 relief bill is likely to be smaller and it may not pass until next year.
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Supreme's Street Cred at Risk With New Owner VF

Wall Street Journal - 9 Nov 2020 22:17
VF Corp. paid up for streetwear brand Supreme. Holding on to its success and keeping up with investor expectations could be a balancing act.
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Charles Schwab and TD Ameritrade were among companies saying customers experienced problems. Several platforms cited extreme trading volumes as investors rushed to buy and sell shares.
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It Is Time For A Simple Federal 60 / 30 Flat Income Tax It's time for a simplified personal income tax system -- a flat personal income tax.
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Best Stocks To Short Today As Markets Surge After Earth-Shaking Vaccine News Markets skyrocketed to all-time highs today after Pfizer and BioNTech revealed that their COVID-19 vaccine is more than 90% effective. Our deep learning algorithms have crunched the data to give you a set of Top Shorts f...
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Goldman Sachs Predicts A V-Shaped Recovery And A $1 Trillion Stimulus Package Before Biden Inauguration Stocks surged on Monday after Pfizer announced promising results for its coronavirus vaccine candidate.
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Best Stocks To Buy Today As Dow Jumps Amid Vaccine News A strong day to open the week was anticipated after Joe Biden was officially named President-elect. However, after Pfizer and BioNTech revealed that their COVID-19 vaccine is more than 90% effective, markets were sent sk...
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Vaccine Has Wall Street Ready to Suit Back Up

Wall Street Journal - 9 Nov 2020 19:24
Count formal wear as among the sectors ready to come back.
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Zoom, Peloton, Netflix: Stay-At-Home Stocks Are Getting Smoked By Pfizer's Latest Vaccine Prospects Stocks that have posted massive gains this year are among the few-and biggest-losers in Monday's rally.
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Vaccine Jolts Markets in a Way Biden and Trump Couldn't

Wall Street Journal - 9 Nov 2020 18:17
The U.S. presidential race mattered for investors but other things matter more, especially the Federal Reserve and the prospects of Covid-19 vaccine candidates.
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European Union Will Impose $4 Billion In Tariffs On American Goods Over Long-Running Boeing Trade Dispute Frozen fish, vegetables, tobacco, leather goods, wine, and a spate of other American goods could be subject to the new taxes.
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Hopes for an end to the coronavirus crisis drove U.S. government-bond yields near new multimonth highs, fueled by traders' latest scramble to adjust positions after the presidential election upended months of bond-market...
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Here's Why Zoom's Stock Crashed Today

Forbes - 9 Nov 2020 17:34
Here's Why Zoom's Stock Crashed Today Here's what happened.
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Wall Street is betting a return to normal life will happen sooner than previously thought after the drugmaker and partner BioNTech said their coronavirus vaccine candidate is more than 90% effective. The optimism is well...
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