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Market News

Location American Market News for 31 December 2020

U.S. Stock Futures Waver in Final Trading Day of 2020

Wall Street Journal - 31 Dec 2020 13:41
The Nasdaq Composite Index is on track for its best annual performance since 2009, highlighting the rally in stocks this year.
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Unemployment Trend Nears Tipping Point

Forbes - 31 Dec 2020 19:29
Unemployment Trend Nears Tipping Point Seasonal trends and Covid-19 immunities should reignite hiring
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In 2021, U.S. Shale May Surprise Oil Markets Again Don't write off the great American shale story just yet. The final chapter, maybe its best, is still being written.
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21 REITs For 2021: What To Buy, Hold And Sell Can we income seekers safely get back into REITs next year?
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Pandemic Chips at Beauty Retail's Bricks-and-Mortar Stronghold

Wall Street Journal - 31 Dec 2020 17:55
Makeup sellers like Sephora and Ulta must walk a fine line between stores and e-commerce as the pandemic continues to influence consumer behavior.
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After Covid, Plane Makers Are Even More Dependent on China

Wall Street Journal - 31 Dec 2020 17:53
China has recovered from the pandemic to become the world's largest domestic aviation market.
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Cash Dividend On The Way From Cisco Systems

Forbes - 31 Dec 2020 17:17
Cash Dividend On The Way From Cisco Systems On 1/4/21, Cisco Systems will trade ex-dividend, for its quarterly dividend of $0.36, payable on 1/20/21
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Quiet Morning On Wall Street Includes Better-Than-Expected Jobless Claims Number Trading this morning has been pretty quiet, and that could carry on throughout the last session of 2020 in the absence of market moving news.
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China's 'Blind Box' Bubble

Wall Street Journal - 31 Dec 2020 16:54
A toy trend in China sparked a stock-price frenzy--until Beijing stepped in.
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Bitcoin's Narrative Is Shifting As It Races Towards $30,000 As Bitcoin has grown, its community has rallied around varying narratives that have morphed over time. Its ability to redefine itself in the minds of its users provides Bitcoin its greatest defense mechanism.
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Jack Ma's $7 Billion Loss Is China's, Too. And A Growing One The fallout from Chinese regulators targeting the country's former richest person will have global investors thinking twice before committing their capital.
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Why You Should Ignore 2021 Bond Return Forecasts If you are wondering how to make use of the forecasts of 2021 corporate bond returns currently being published by various investment firms, the best advice is to ignore them.
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PagerDuty, Workiva, New Relic: Mid-Cap SaaS Stocks To Watch Software stocks have fared well this year, driven by a couple of factors. Firstly, the work from home trend and accelerated digital transitions by businesses has helped to boost demand. Secondly, with interest rates rema...
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How to Keep Track of Small Amounts

Wall Street Journal - 31 Dec 2020 15:00
For many, 2020 has been exhausting, so it might be tempting to write off little expenses and fees to eschew another headache. But small amounts can matter--here's how to find the tiny corners of your financial life witho...
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Despite Interest Rate Headwinds, Bank of America Stock Is Still A Good Investment After more than a 60% gain since the March 23 lows of this year, at the current price of $30 per share we believe Bank of America Stock has some more room for growth. Bank of America, one of the top five banks in the U.S...
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Time To Exit Texas Instruments Stock?

Forbes - 31 Dec 2020 14:00
Time To Exit Texas Instruments Stock? Up more than 70% since March, we believe Texas Instruments stock could see significant downside. TXN stock is up more than 25% so far this year. It traded at $133 in February 2020 - just before the outbreak of coronaviru...
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The Nasdaq Composite is on track to end its best year since 2009, underscoring the rally in U.S. stocks this year.
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20% Upside For Intel Stock?

Forbes - 31 Dec 2020 13:30
20% Upside For Intel Stock? Up just 10% from its low in March, we believe Intel stock has room for more than 20% upside to levels reached around the start of 2020. The company's stock trades at $49 currently and is, in fact, down almost 20% so far ...
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Nordstrom Stock Looks Attractive

Forbes - 31 Dec 2020 13:00
Nordstrom Stock Looks Attractive Nordstrom's stock, the upscale specialty retailer offering apparel, shoes, cosmetics, and accessories for women, men, and children, became vulnerable due to its non-essential product assortment during the pandemic. Conse...
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Will The New Covid-19 Strain Affect Volkswagen's Stock? Having gained more than 87% from March lows, Volkswagen AG's stock has reached its near term potential, primary due to the concerns over the new strain of Covid-19 in its primary market (Europe). VWAGY's stock has rallie...
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Gold Investors See Challenges Ahead After Glittery 2020

Wall Street Journal - 31 Dec 2020 12:30
Prices could be hurt if coronavirus-vaccine rollouts help drive a strong economic recovery in the new year.
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Lessons From a Crazy Year in Financial Markets

Wall Street Journal - 31 Dec 2020 12:30
A historic downturn and dizzying comeback show markets still have the capacity to surprise us all.
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