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Market News

Location American Market News for 8 December 2020
DoorDash's New Valuation Is Even More Ridiculous Making an overpriced IPO more expensive only creates more downside risk for investors.
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S&P 500 Valuation Remains Over Its Skis

Forbes - 8 Dec 2020 16:05
S&P 500 Valuation Remains Over Its Skis Investors clearly expect the COVID-19-induced economic dip to end soon and earnings to reach new highs in the near future.
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Peloton Stock: Is Peloton A Fad?

Forbes - 8 Dec 2020 15:30
Peloton Stock: Is Peloton A Fad? Connected fitness company Peloton's (NASDAQ: PTON) stock is up almost 4x this year, trading at levels of about $115 or about 8x projected FY'21 Revenues. Peloton's recent growth partly justifies these valuations - it has...
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Mr. Gross proposed that a conflict with his neighbor be resolved by the two agreeing to donate the amount of expected legal fees to charities.
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Top ETFs This Week As Dow Ends Mixed Session With Losses After last week's rally largely continued where November left off, stocks were set to begin the second week in December with some losses. A good way to manage this unpredictability, and add diversity to your portfolio, i...
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Stitch Fix shares soared Monday afternoon, after the company reported a surprise profit and revenue growth of 10% from a year ago.
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Schumer Rejects McConnell's Offer To Drop State And Local Aid, Liability Shield From Stimulus Package As time runs short for lawmakers to make a deal on virus relief, Schumer says McConnell is "sabotaging good faith, bipartisan negotiations."
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Bull Signal Flashing For Outperforming Biotech Stock The shares of Invitae Corporation (NVTA) are up 1% at $54.73 at last check, approaching yesterday's record high of $57.12.
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Stimulus Check Showdown: Sanders Demands $1,200 Payments While White House Pushes For $600 Check Compromise Another round of $1,200 checks would cost about $300 billion, Sen. Dick Durbin (D-Ill.) said Sunday.
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Apple Replays the Wrong Audio Track

Wall Street Journal - 8 Dec 2020 20:53
The company's expensive new headphones, called the AirPods Max, may follow the trajectory of the HomePod rather than AirPods.
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Yet Another Stock Offering Will Further Pressure Tesla's Already Pathetically-Low ROE Issuing $10 billion worth of equity in four months' time, as Tesla will have done when this offering is completed, is an indication that management thinks the stock is ahead of itself.
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Top Stocks To Short Today As Investors Consider COVID Without Stimulus Stocks continued yesterday's fall amid record coronavirus numbers, economic shutdowns, and a lag in stimulus negotiations. Using our deep learning algorithms, our AI has crunched the data to give you a set of Top Shorts.
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Is Bitcoin Building Support Above $18,000?

Forbes - 8 Dec 2020 20:20
Is Bitcoin Building Support Above $18,000? Bitcoin has been fluctuating between $18,000 and its all-time high of nearly $20,000. When will it break out of this range?
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Portugal Joins Negative-Rates Club With Benchmark Bond

Wall Street Journal - 8 Dec 2020 20:07
The benchmark bond for Portugal traded with a negative yield, signaling investors' increasingly relaxed attitudes toward a country that was once among the worst-hit by the European debt crisis.
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Tesla Is Watching Its Stock Price Too

Wall Street Journal - 8 Dec 2020 20:02
Tesla is wisely ringing the cash register amid a stunning stock rally. Speculators should take notice.
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Get Your Hands Dirty, Pick Over $10 Paper

Forbes - 8 Dec 2020 18:34
Get Your Hands Dirty, Pick Over $10 Paper Call me a junkie, even gunslinger, because my inventory is mainly "darkest before dawn" stocks sporting leveraged-balance sheets.
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Treasury Yields Slip on Brexit Struggles, Stimulus Worries

Wall Street Journal - 8 Dec 2020 18:33
The yield on the 10-year Treasury note was on pace for the second straight session of declines amid investors' concerns about the prospects for Brexit trade negotiations and a U.S. emergency economic relief package.
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Stitch Fix Shoppers See the Light

Wall Street Journal - 8 Dec 2020 18:31
The newfangled retailer's latest quarterly results show how the experience of shopping for clothes could be changing for good.
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Betterment CEO Jon Stein Steps Down

Wall Street Journal - 8 Dec 2020 18:30
The investment-advice firm chief will be succeeded by former ViacomCBS executive Sarah Kirshbaum Levy, who will look at steering the company to a potential initial public offering.
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Tesla Plans Stock Sale, Closing Year of Soaring Gains

Wall Street Journal - 8 Dec 2020 18:16
The electric-vehicle company said it will sell up to $5 billion of new shares over time at market prices.
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DoorDash Poised to Tap Torrid IPO Market

Wall Street Journal - 8 Dec 2020 17:46
Shares are expected to price at the high end of or above their already-increased target range Tuesday in a banner week for IPOs.
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Uber Pays Up to Take Back Seat on Driverless Cars

Wall Street Journal - 8 Dec 2020 17:11
In a sign of investors' meager appetite for driverless-car ventures, Uber isn't so much selling its ill-fated project as paying a rival to take it on.
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