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Market News

Location American Market News for 2 December 2020
What The 2020 Election Results Mean For The Future Of Cannabis The future of cannabis has never looked any brighter following Election Day. There are more states than ever that have legalized cannabis, with a record number of Americans not only accepting cannabis' place in our socia...
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CareTrust REIT Passes Through 5% Yield Mark In trading on Wednesday, shares of CareTrust REIT were yielding above the 5% mark based on its quarterly dividend (annualized to $1), with the stock changing hands as low as $19.93 on the day.
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ECB Official Defends Private Calls to Investors and Banks

Wall Street Journal - 2 Dec 2020 21:35
Phillip Lane says the calls, which were aimed at addressing questions on policy decisions and seeking feedback, will continue.
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At 26x Forward Sales, Salesforce Overpays For Slack In the rivalry between Microsoft and Salesforce, overpaying for Slack shows that Marc Benioff has jumped the shark
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Nasdaq CEO Pushes Corporate Boards to Diversify

Wall Street Journal - 2 Dec 2020 02:16
Nasdaq proposed new rules that would require the boards of its listed companies to meet certain minimum diversity requirements. CEO Adena Friedman discussed the exchange operator's diversity plan with The Wall Street Jou...
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Blue Chip Wavers From Record Highs On Shipping Update The shares of Walmart (WMT) are down 1.1% at $151.01 at last check, after the company announced it was dropping its $35 member shipping minimum on all purchases except for groceries.
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Snowflake kept up the revenue growth after its debut on the New York Stock Exchange in September.
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In Big Concession, Democratic Leaders Support $908 Billion Bipartisan Stimulus Plan "The need to act is immediate," Pelosi and Schumer said in a statement.
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Top Stocks To Short Today As Markets Open Sluggishly As COVID surges to unprecedented levels with additional shutdown measures taking place, markets dropped after yesterday's surge. Using our deep learning algorithms, our AI has crunched the data to give you a set of Top S...
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Stock Futures Pull Back After S&P 500 Hits Record

Wall Street Journal - 2 Dec 2020 12:30
Major U.S. stock indexes are poised for muted declines a day after both the tech-heavy Nasdaq Composite and the broader S&P 500 indexes closed at all-time highs.
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Top Growth Stocks For December

Forbes - 2 Dec 2020 22:03
Top Growth Stocks For December Growth names have been at the forefront of this new COVID world, and have kept society not only afloat, but growing and transitioning to this new normal. Nobody knows exactly what the future will hold, but our AI algorit...
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The Chance for Marijuana Legalization Rests In Georgia Just when we thought election season was over, supporters of marijuana legalization are gearing up for one last major fight of the season.
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Mnuchin: Trump Will Sign McConnell's New Stimulus Proposal Without Checks Or State And Local Aid The new GOP proposal does include one more month of supplemental unemployment benefits and an extension of the Paycheck Protection Program.
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China Has One Powerful Friend Left in the U.S.: Wall Street

Wall Street Journal - 2 Dec 2020 17:54
A U.S.-China trade deal left many U.S. industries disappointed, but financial firms such as BlackRock see a potential windfall.
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2 Ignored Funds That Crush Stocks, Pay 7% Dividends With stocks breaking to all-time highs, we should emphasize security of the dividends we're purchasing first and foremost.
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China 2021: 'Trust The Plan'

Forbes - 2 Dec 2020 17:30
China 2021: 'Trust The Plan' TS Lombard: China will grow nearly 3% this year. And over 7% next year. But there are risks outside of the Made in 2025, export companies.
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Here's Why Betsy DeVos Won't Cancel Student Loans Betsy DeVos won't cancel student loans for everyone--and here's why.
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Democrats More Optimistic Than Republicans About Economy For The First Time In Years, Poll Finds President-elect Biden has pledged to prioritize more stimulus legislation.
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Wait-And-See: Markets Ease Amid Stimulus Talks, Vaccine Progress; Friday Payrolls Ahead This stimulus talk in Congress even as stocks make record highs shows a head-scratching disconnect between Wall Street and Main Street.
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Why Does S&P Global Want To Buy IHS Markit? S&P Global announced that it would acquire IHS Markit in a deal that could combine two of the largest financial data providers. The all-stock deal will value IHS Markit at about $44 billion. The deal is likely to close i...
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U.S. futures point to a pause in the stock market rally, while Pfizer and BioNTech jump pre-market on U.K. Covid-19 vaccine approval
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Moderna Stock Up 2x Last Month, But Still Looks Like Good Value Moderna published final results from its 30,000-person phase 3 trial of its Covid-19 vaccine and indicated that it would apply for emergency use authorization with the U.S. FDA. The vaccine was over 94% effective in prev...
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