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Market News

Location American Market News for 14 January 2021
Global appetite for oil will remain subdued in the first quarter of 2021 due to coronavirus lockdown measures and rising infection rates, the Organization of the Petroleum Exporting Countries said.
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RSI Alert: Automatic Data Processing Now Oversold on Thursday, shares of ADP entered into oversold territory, changing hands as low as $161.80 per share.
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Capital Market Strength Seen Bolstering Banks As Goldman Sachs, Bank Of America, Morgan Stanley To Report Big investment banks could have a tough time matching their incredibly strong Q3 earnings performance when they report Q4 results next week. However, you could argue that the conditions leading to their muscular Q3 earni...
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GameStop Stock Soars and Social-Media Traders Claim Victory

Wall Street Journal - 14 Jan 2021 21:48
Individual investors who recently piled into GameStop are taking a victory lap this week after shares of the struggling company surged more than 90% in the last two days.
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Carnival's Wave Season Should Lift Its Shares

Wall Street Journal - 14 Jan 2021 20:28
Even as many investors have given up, Carnival's latest bookings update shows consumer demand for the cruise industry has far from sunk.
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Oil Market Has Plenty of Wild Cards Remaining

Wall Street Journal - 14 Jan 2021 20:10
Saudi Arabia's production cut has helped send front-month Brent crude oil prices up by 7% in two weeks, following an OPEC-plus agreement to leave output flat, but there is still room for surprise from two formidable oil ...
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Poshmark's Stock Price More Than Doubles in Market Debut

Wall Street Journal - 14 Jan 2021 19:44
Shares of the company behind a marketplace for used goods more than doubled in its trading debut Thursday, reflecting a soaring market for public offerings.
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Biden Set To Unveil Ambitious New Stimulus Plan To Control Covid-19 And Rescue The Economy But the new president's options may be limited by Democrats' slim majority in the Senate.
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China Holdup Proves Costly for Cisco

Wall Street Journal - 14 Jan 2021 19:28
China's waiting game proved a profitable one for Acacia Communications. For Cisco, less so.
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Banks Can't Blacklist Entire Industries Under New Rule

Wall Street Journal - 14 Jan 2021 18:37
The new regulation from the Office of the Comptroller of the Currency comes in response to complaints from oil-and-gas businesses.
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The Electric-Vehicle Company That Charged Too Early

Wall Street Journal - 14 Jan 2021 17:49
Renault laid out a turnaround plan that owed more to the success of French peer Peugeot than its fading status as an electric-vehicle pioneer.
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James Simons Steps Down as Chairman ofRenaissance Technologies

Wall Street Journal - 14 Jan 2021 17:47
The investing pioneer is stepping back from his highly successful quant hedge fund.
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Top Stocks To Buy Today As Dow Trades Higher Despite Disappointing Jobless Data Although jobless claims data jumped to 965,000 last week, and beat the estimate of 800,000, Biden stimulus excitement and more vaccine news sent stocks higher. For investors looking to make the most of this market, our d...
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Delta lost a record $12.39 billion in 2020 but is setting its sights on a recovery in 2021 even though it expects more difficult months ahead.
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Dow Jumps 100 Points And BlackRock, Delta Beat Profit Expectations Amid Worsening Jobs Data "Unfortunately, the economy will continue to get worse," says one chief investment officer after the grim jobs report.
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After 98% IPO Pop, 3 Risks To Buying Affirm Stock While Affirm's buy now, pay later lending service is growing fast, its shares are priced for perfection
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Earnings Preview: What To Expect From JP Morgan Chase & Co. On Friday JP Morgan Chase & Co is scheduled to report earnings before Friday's open.
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Transition Day: With Bank Earnings, Inauguration Ahead, Markets Take A Breather The unofficial start of earnings season kicked off with good results from Delta and BlackRock. The BlackRock results could potentially spill over into other big Financial stocks ahead of several major banks reporting tom...
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A Closer Look At Delta's Earnings & Two Reasons Why The Stock Is Ready To Fly. Delta Air Lines, Inc. just reported earnings and the stock is setting up to take-off. Here is a closer look and 2 reasons why the stock is ready to fly.
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Myth Busted: Wall Street Is Not Investing In Bitcoin I've spoken with JP Morgan and one of the world's leading crypto analytics firms, Chainalysis. And turns out, Wall Street is not investing in Bitcoin.
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Unemployment Claims Spike To Nearly One Million As Pandemic Layoffs Continue Another 965,000 Americans filed new claims for benefits last week.
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U.S. stock futures ticked up ahead of a Biden speech on stimulus plans.
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