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Market News

Location American Market News for 7 December 2020

Mastercard Stock Is Expensive

Forbes - 7 Dec 2020 13:30
Mastercard Stock Is Expensive Having gained 68% since the March bottom, at the current price near $340 per share, we believe Mastercard's stock has surpassed its near term potential. MA stock has increased from $203 to $340 off the recent bottom comp...
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Marriott Stock Remains A Good Pick After Recent Rally The shares of Choice Hotels have completely recovered to pre-Covid levels, but the shares of Marriott International remain 13% below the pre-crisis peak. Travel restrictions and social distancing norms have significantly...
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Airbnb Boosts IPO Price Range

Wall Street Journal - 7 Dec 2020 04:00
The home-rental company plans to boost the proposed price range of its initial public offering to between $56 and $60 a share, the latest sign that the red-hot IPO market is ending the year on a high note.
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Netflix And Microsoft Remain Top Stocks To Buy This Week Among all the news and data spurring on the markets, the deep learning algorithms at Q.ai have used Artificial Intelligence technology to rate the Top Trending Stocks for this week.
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House To Vote On One-Week Stopgap Spending Bill To Buy Time For Stimulus Deal The short-term measure would avert a government shutdown this weekend.
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These Clothes Are Hip to Be Square

Wall Street Journal - 7 Dec 2020 21:19
Payments company Square has released a line of clothes named after its digital wallet.
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Schumer: Cancel $50,000 Of Student Loans, But Only If This Is Your Income Cancel $50,000 of student loans every student loan borrower. Well, not exactly.
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Everyone May Not Get Student Loan Forgiveness Will everyone really get student loan forgiveness?
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The development highlights how demand for fixed-income assets is reducing their potential returns.
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Top Stocks To Buy Today As Markets Slip Due To COVID Concerns As COVID hits new highs in cases, deaths, and hospitalizations, investors are becoming increasingly concerned. For investors looking to make the most of this market, the deep learning algorithms at Q.ai have crunched the...
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Here's The Advice JPMorgan Is Giving President-Elect Biden Biden will inherit an economic catastrophe in the making.
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Airbnb, DoorDash And Billionaire Tom Siebel's C3.ai Are Upsizing Their Public Market Debuts, Revving Up Biggest December For IPOs Ever Amid a red-hot market for tech IPOs, six firms are on track to raise roughly $9 billion in offerings slated for this month.
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Palantir Stock's 2x Rise Isn't Warranted

Forbes - 7 Dec 2020 17:00
Palantir Stock's 2x Rise Isn't Warranted Palantir (NYSE: PLTR) stock has seen some big moves in recent weeks. While the stock had a muted debut post its September IPO, partly due to its direct listing that enabled insiders to sell their holdings, bolstering ini...
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Risk Horsemen Back In Saddle To Start Week Amid Rise In Virus Cases, Shutdown Fears Despite weak jobs report Friday, stocks got a lift from hopes that the slow job creation might mean more chance of fiscal stimulus out of Washington. Focus on D.C. expected to continue this week.
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How Nvidia, Square & PayPal Stocks Are Benefiting From Soaring Bitcoin Prices Bitcoin prices have surged by over 160% year-to-date, driven by multiple factors including higher institutional interest, fintech companies Paypal and Square's moves into the crypto space, and also by a view that scarce ...
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As Tesla Booms, Lithium Is Running Out

Forbes - 7 Dec 2020 16:13
As Tesla Booms, Lithium Is Running Out Tesla (TSLA) hints that EVs are going mainstream very soon. But at today's prices, lithium might run out by 2025. And that's wonderful news for these stocks.
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2 Reasons Not To Buy Eastman Kodak On 70% Stock Pop Eastman Kodak's 70% stock pop is likely due to short covering, rather than a brighter growth picture
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Should You Buy Amgen Stock At $225?

Forbes - 7 Dec 2020 16:00
Should You Buy Amgen Stock At $225? Amgen stock is down 5% since the start of the year and it has gained around 22% from its March lows. We believe that Amgen could offer an upside in the near term, as the company's revenues in the last three quarters have...
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Despite Signs Of Progress, Congressional Staffers Skeptical More Stimulus Is Coming This Year, New Poll Finds It's a critical week for a scrambling Congress to reach deals on coronavirus relief and the federal budget.
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Covid Tests And New Drugs To Drive Roche's Stock Growth Roche's ADR is up just 2% since the start of the year and it has gained around 20% from its March lows. Despite the recent run, Roche could offer an upside in the near term, as the company's revenues and earnings are exp...
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Activision Blizzard Stock Can Offer 20% Gains Activision Blizzard stock lost more than 12% - dropping from $59 at the beginning of the year to $52 in late March - then jumped 52% to around $79 now. That means it is now up 33% from the levels where it started the yea...
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Why Verizon Communications Is A Top 25 Dividend Giant Verizon Communications has been named as a Top 25 ''Dividend Giant'' by ETF Channel, with a staggering $25.99B worth of stock held by ETFs, and above-average ''DividendRank'' statistics including a strong 4.08% yield
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