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Market News

Location American Market News for 17 December 2020
Here's Why Congressional Watchdogs Want To Investigate Mnuchin's Decision To Cancel Emergency Fed Programs The Treasury Secretary asked the central bank to return nearly half a trillion dollars of emergency funds.
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Stock Futures Rise on Stimulus Bets

Wall Street Journal - 17 Dec 2020 13:49
U.S. stock futures rose as investors cheered signs of progress toward a fresh stimulus package that could gird the economy until the end of winter and widespread vaccinations have the potential to bring the virus under c...
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Rallying Since March, Is Dolby Laboratories Stock Headed Back Down? Dolby Laboratories stock is up more than 30% since the beginning of this year, and at the current price around $92 per share, we believe that Dolby Laboratories stock has over 15% potential downside. Why is that? Our bel...
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A Check On Market Sentiment: Has The Pandemic Changed The Signal? Measures of market "sentiment" are usually contrarian. Excessive investor optimism is taken as a sure sign of a downturn. Such metrics today point to an imminent market correction. But has the psychology of the pandemic ...
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Treasury Yields Rise After Stimulus Progress

Wall Street Journal - 17 Dec 2020 23:25
Signs of new progress on economic relief efforts in Congress pushed up yields on U.S. government bonds Thursday.
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Top Stocks To Short Today As Stimulus Hopes Send Nasdaq To Record Highs Stocks continue to rotate this week between good days and bad days. Today was one of the good days, as the S&P and Nasdaq hit intraday records on stimulus hopes. Using our deep learning algorithms, our AI has crunched th...
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ESG Investors Are Being Duped

Forbes - 17 Dec 2020 22:42
ESG Investors Are Being Duped Many ESG funds are packed with big names that have a minimally positive or even overall negative impact by any logical evaluation of environmental, social and governance standards.
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AT&T Crosses Above 7% Yield Territory

Forbes - 17 Dec 2020 22:34
AT&T Crosses Above 7% Yield Territory In trading on Thursday, shares of AT&T were yielding above the 7% mark based on its quarterly dividend (annualized to $2.08), with the stock changing hands as low as $29.54 on the day.
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Bitcoin Exchange Coinbase Files for Initial Public Offering

Wall Street Journal - 17 Dec 2020 21:45
Coinbase will be the first major bitcoin-focused company to test the public markets.
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Top Stocks To Buy Today As Stimulus Hopes Outweigh Disappointing Jobless Claims Optimism on the progress of stimulus talks outweighed increasingly grim coronavirus numbers and disappointing jobless numbers. For investors looking to make the most of this market, our deep learning algorithms have crun...
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Things Are Looking Up For Commercial Airlines As of December 16, the NYSE Arca Airline Index was up nearly 4.5% for the month. This follows a spectacular 41.9% increase in November--airline stocks' biggest monthly jump on record--and 1.6% increase in October.
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Swiss prosecutors allege the lender didn't comply with provisions against money laundering, allowing a Bulgarian criminal organization to launder money through the bank between 2004 and 2008.
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What Will The New Normal Mean For Investors? What will the new normal look like for investors? Commonwealth CIO Brad McMillan says it might be better than expected.
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Investors Turning Up Noses at Food Companies

Wall Street Journal - 17 Dec 2020 18:06
Food stocks like General Mills and Campbell Soup are shaping up to be one of the rare value plays in today's market.
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Why McConnell Supports Stimulus Checks

Forbes - 17 Dec 2020 17:36
Why McConnell Supports Stimulus Checks Will you get a $600 stimulus check?
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High U.S. Stock Market Valuations Not A Headwind The U.S. economy continues to mend, led by strength in housing starts - one of several indicators supporting belief that another recession is unlikely. Jeff Schulze of ClearBridge Investments discusses why equity valuati...
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Telephone & Data Systems Stock To Surpass Its Pre-Covid High Telephone & Data Systems stock looks like a good opportunity at the present time. Telephone & Data Systems, Inc. is a service company providing wireless products and services; cable and wireline broadband, TV and voice s...
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Risky Loans Secure Private-Equity Payouts Despite Downturn

Wall Street Journal - 17 Dec 2020 16:53
During the Covid-19 slowdown, companies controlled by large and smaller private-equity firms have borrowed heavily to pay dividends to their owners. The payouts can load their companies' balance sheets with heavy debt at...
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Robinhood Pays $65 Million To SEC For Misleading Customers Who Lost $34 Million On Inferior Trade Prices The new charges come one day after Massachusetts regulators issued their own lawsuit alleging Robinhood violated the state's new fiduciary standard.
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Graham Holdings Rises 65%, Hold On For More Gains We believe Graham Holdings Co stock may be a good opportunity at the present time. Graham Holdings Co is a diversified education and media company whose operations include educational services; television broadcasting; o...
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Bitcoin, Jobless Claims, Stimulus, Vaccine Panel All Vying For Investor Attention Weekly jobless claims disappointed, and remind investors that it's a rough economy for many workers. The weak data could put more pressure on Congress to come up with a stimulus plan to help people through this long wint...
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Robinhood Financial to Pay $65 Million to Settle SEC Probe

Wall Street Journal - 17 Dec 2020 16:17
Robinhood Financial has agreed to pay $65 million to settle regulatory claims that it didn't sufficiently disclose its business deals with high-speed trading firms, the Securities and Exchange Commission said.
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