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Market News

Location American Market News for 11 December 2020
Can Coca-Cola Stock See Full Recovery To Pre-Covid Levels? Coca-Coca stock (NYSE: KO) currently trades at $53 and is still down 4% so far this year. It traded around $60 pre-Covid in February 2020 and is more than 11% below that level. However, the stock has gained 42% since its...
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Top Stocks To Short Today As Stimulus Talks Derailed Markets Stocks traded lower on Friday and largely reflected the ever changing tug of war between good news and bad news. Time will tell what happens with stocks, but our deep learning algorithms have crunched the data to give yo...
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Alcoa Stock Looks Overvalued After 300% Recovery After more than a 300% rise since its March lows of this year, at the current price of close to $23 per share, Alcoa stock (NYSE: AA) looks overvalued. Alcoa's stock has rallied from $5.48 to $22.71 off the recent bottom...
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Building Back Better With Or Without A Senate Majority - Further Details President Elect Biden & Vice President Elect Harris can Build America Back Better with or without a Senate Majority. All they need do is more smartly use existing federal instrumentalities - including the Treasury, the F...
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German Audit Regulator Traded Wirecard Shares During Probe

Wall Street Journal - 11 Dec 2020 20:41
The head of an agency overseeing auditors said he bought and sold shares of the payments firm in the months before its collapse, the second time a German regulator disclosed staff traded shares of Wirecard while it was b...
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Senate Averts Shutdown, Passes $741 Billion Defense Bill With Veto-Proof Majority, Buying Time For Stimulus And Budget Deal The Senate now has one more week to pass a comprehensive coronavirus relief bill and a $1.4 trillion omnibus budget bill for the 2021 fiscal year.
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Apple's Chip Dreams Haunt its Suppliers

Wall Street Journal - 11 Dec 2020 19:47
Shares of Qualcomm and other chip makers dropped Friday after an Apple executive was reported to have told employees that the device maker is working on its own modem chips.
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Some of Europe's largest money managers pledged to make their investment portfolios reach net-zero greenhouse-gas emissions by 2050.
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American Electric Power Enters Oversold Territory In trading on Friday, shares of American Electric Power entered into oversold territory, hitting an RSI reading of 29.9, after changing hands as low as $81.88 per share.
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When the Stock Market Is Too Much Fun

Wall Street Journal - 11 Dec 2020 18:51
Robinhood sure is entertaining. But it's also steering investors toward risky behaviors that could go wrong.
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AMC, World's Largest Movie Theater Chain, Raises $100 Million Lifeline, But It Needs $750 Million To Survive Next Year The firm is burning an average of $125 million in cash each month.
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XPO Logistics To Spin-Off Its Logistics Segment Into A Separate Publicly Traded Company XPO intends to structure the separation as a tax-free transaction to XPO shareholders and would result in XPO shareholders owning stock in both companies.
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For DoorDash and Airbnb, More Isn't Necessarily Merrier

Wall Street Journal - 11 Dec 2020 17:10
The new listings seem to be at the center of all that is trending in 2020, most notably the acceleration of the shift toward online commerce. What happens if life as we knew it comes back?
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Markets Wake Up to Risks of Disruptive Brexit

Wall Street Journal - 11 Dec 2020 16:49
The pound and British stocks fell ahead of a crunch weekend of talks that could see a disruptive break between the U.K. and the European Union.
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Four S&P 500 Sectors Have A Rising FCF Yield Through 3Q20 This report analyzes free cash flow (FCF), enterprise value and the FCF yield for the S&P 500 and each of its sectors.
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EnerVenue: The Batteries We Need For Grid-Scale Storage To decarbonize the electrical grid, we desperately need more and better storage capacity. EnerVenue, a start-up spun out of a Stanford University lab, has a very good solution to develop that capacity.
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U.S. stock futures fell amid fears of a disruptive Brexit, while Disney shares surged pre-market on bullish forecast for streaming customers
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Citigroup Stock Still Has Some Potential

Forbes - 11 Dec 2020 14:30
Citigroup Stock Still Has Some Potential While Citigroup stock has gained around 70% since the March bottom, it is still down 25% YTD. Trefis estimates Citigroup's valuation to be around $65 per share - around 10% above the current market price. Citigroup, a le...
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Disney May Finally Make Netflix Sweat

Wall Street Journal - 11 Dec 2020 14:03
The entertainment titan's ambitious new subscriber targets could put it past the streaming pioneer.
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Can Children's Place Stock Regain Pre-Covid Levels? The Children's Place stock (NASDAQ: PLCE), a pure-play kids' specialty apparel retailer, became vulnerable due to nonessential product assortment during the pandemic. Consequently, the company's stock has lost almost 28%...
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Oil's Recovery Is No Sure Thing

Wall Street Journal - 11 Dec 2020 13:31
Vaccines have buoyed hopes that oil demand will soon recover, and the Brent global benchmark is back above $50 a barrel. But traders may be underestimating the responsiveness of U.S. supply.
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A.O. Smith Stock Poised To Fall?

Forbes - 11 Dec 2020 13:30
A.O. Smith Stock Poised To Fall? A.O. Smith, a manufacturer of water heating equipment and electric motors, saw its revenues fall 8% in the last four quarters. Despite this, AOS stock has gained 27% - moving from $45.39 to $57.67 in the last 12 months. ...
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