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Market News

Location American Market News for 16 November 2020

Bond Upsets Rattle Chinese Credit Market

Wall Street Journal - 16 Nov 2020 14:53
Investors are losing confidence in the local governments that stand behind many of China's corporate debt issuers.
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3M Stock Looks More Attractive Than Honeywell 3M Company, a large conglomerate operating in industrial, worker safety, US health care, and consumer goods space, trades at about 3x trailing Revenues, compared to 4x for Honeywell International, another conglomerate wh...
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Walmart Stock To Trade Higher On Likely Strong Fiscal Q3 Results? Walmart is scheduled to report its fiscal third-quarter results on Tuesday, November 17. We expect WMT to likely beat the revenue and earnings expectations, driven by growth across operating segments. The big-box retaile...
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Down 25% YTD, Bank of America Stock Is Pressured By Low Interest Rates Although Bank of America stock has gained around 50% since the March bottom, it is still down 26% YTD. Trefis estimates Bank of America's valuation to be around $29 per share - around 10% above the current market price. ...
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Here Are The Stocks Surging The Most As Vaccine Prospects Boom The year's worst-performing sector led Monday's gains, and experts say that movement will continue as vaccine candidate results tease a return to normalcy.
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Biden: Student Loan Forgiveness Joe Biden spoke about student loans today.
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Flowers Foods Becomes Oversold

Forbes - 16 Nov 2020 22:58
Flowers Foods Becomes Oversold shares of FLO entered into oversold territory, changing hands as low as $21.95 per share.
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Promising Vaccine News Makes Case For More Stimulus 'Even More Compelling,' Former Fed Official Says The economy needs more than just a vaccine for a healthy recovery.
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PNC Will Be Regional No More

Wall Street Journal - 16 Nov 2020 22:06
PNC Financial's acquisition of the BBVA franchise in the U.S. would make its "regional bank" nametag increasingly obsolete. The question is whether that also transforms its profitability.
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Home Depot Must Avoid Déj vu With Newest Acquisition

Wall Street Journal - 16 Nov 2020 21:47
Home Depot parted ways with its wholesale distributor business HD Supply when both were struggling. Now that they are getting back together, the companies' biggest risk could be losing sight of why they split up in the f...
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Pfizer And Moderna Give Investors A Shot Of Hope Biotech firm Moderna announced today that its coronavirus vaccine is 94.5% effective at preventing COVID-19. Today at the open, travel and hospitality stocks led a broad-based rally, with Carnival, Norwegian Cruise Lines...
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Bitcoin Is Trading At Its Highest Since 2018 Bitcoin prices approached $17,000 today. When will they recover the remaining distance to fresh, all-time highs?
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Top Trending Stocks This Week As Markets Continue Last Week's Rally This week, markets started with even more robust gains than last. Markets are clearly sensitive to news, both good and bad. Among all the news and data spurring on the markets, our deep learning algorithms have used AI t...
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Earnings Preview: What To Expect From Home Depot On Tuesday The Home Depot Inc. is scheduled to report earnings before Tuesday's open here's what to expect
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Top Stocks To Short Today As Moderna Vaccine News Send Markets Soaring More vaccine-related news fueled another market surge today. The Dow is on pace for a record close today and will gain for the third week in a row if this rally can continue throughout the week. Our AI has crunched the d...
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Why China Stopped The Ant Group's IPO (Part 2): Ant's Dangerous Business Model "... Ant's businesses are very complex. It isn't easy to understand them. You can't get a full picture from either a financial or a technological perspective..." - A Wall Street analyst
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Eli Lilly, Regeneron, Gilead: What The Vaccine Means For Covid-19 Treatment Stocks Pfizer's surprisingly strong initial Covid-19 vaccine efficacy data that came out last week probably marks the beginning of the end of the Covid-19 pandemic. While this is very positive for the economy and the broader st...
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Gregg Lemkau, Goldman Sachs's co-head of investment banking, is leaving the Wall Street bank to run the investment firm started by technology tycoon Michael Dell.
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Like Peloton but Analog, and With Alcohol

Wall Street Journal - 16 Nov 2020 19:08
Peloton doesn't need to worry, but Hendrick's Gin is selling a stationary penny farthing bicycle with 'a charming lack of convenience.'
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Top Stocks To Buy Today As Vaccine News Sparks Rally After recovery stocks soared last week due to the positive vaccine data from PfizerPFE and BioNTech, markets soared today due to even more positive vaccine data. For investors looking to make the most of this market, our...
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4 Myths About Your Student Loans

Forbes - 16 Nov 2020 18:47
4 Myths About Your Student Loans What to expect for your student loans.
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What To Expect From Home Depot Stock in Q3?

Forbes - 16 Nov 2020 18:40
What To Expect From Home Depot Stock in Q3? Home Depot is scheduled to report its fiscal third-quarter results on Tuesday, November 17. We expect the retailer to report strong Q3 results, beating the revenue and earnings expectations, benefiting from the stay-at-h...
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