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Market News

Location American Market News for 15 January 2021

Bloomberg's Big Challenger Can't Afford to Slip

Wall Street Journal - 15 Jan 2021 16:41
Investors have high hopes for the new financial-data giant created by the imminent merger of London Stock Exchange Group and Refinitiv.
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Citigroup's earnings per share of $2.08 far exceeded Refinitiv estimates of $1.34.
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JPMorgan Chase's fourth-quarter earnings per share of $3.79 beat the Refinitiv estimate of $2.62.
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JPMorgan Quarterly Profit Jumps 42%

Wall Street Journal - 15 Jan 2021 14:57
The nation's biggest bank posted its highest-ever quarterly profit after releasing funds it had set aside to cover soured loans. Still, the CEO said it remains positioned for significant near-term economic uncertainty.
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Why Wheaton Precious Metals Stock Looks Undervalued Despite 100% Move Despite doubling from its March lows of 2020, at the current price of $43 per share, Wheaton Precious Metals stock is still quite undervalued and has the potential to offer healthy returns to its investors. WPM's stock h...
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Is Twitter's Stock Move Overdone?

Forbes - 15 Jan 2021 13:00
Is Twitter's Stock Move Overdone? Having grown by 47% since the end of 2019, Twitter's stock seems to be overvalued at the current price. TWTR's stock grew from $32 at the end of 2019 to $47 now, compared to the S&P 500 which gained 17% since end of 2019...
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With 138% Short Interest, Board Change Sends GameStop Stock Soaring Short sellers of GameStock are hurting but the company has no prospects for top line growth or positive cash flow
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The U.K. Supreme Court ruled that insurers must pay out disputed claims related to the coronavirus to a range of businesses, ending a legal case spanning months and potentially setting a precedent for other jurisdictions...
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JPMorgan Posts Record $12.1 Billion Profit-Shattering Expectations Despite Pandemic Highs The nation's largest bank nabbed $29.2 billion in revenue last quarter.
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Top Stocks To Short Today As Markets Fall Despite Strong Bank Earnings Stocks fell to close out the week despite the release of President-elect Biden's stimulus plan and strong earnings from big banks like JPMorgan Chase, Citigroup, and Wells Fargo. With all the news, our AI has selected a ...
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Top Stocks To Buy Today As Dow Ends Week Trading Lower Despite strong bank earnings and the announcement of a potentially $1.9 trillion stimulus package on the horizon under President-elect Biden, stocks declined on Friday (Jan. 15) and could experience their first down week...
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JPMorgan, Citigroup and Wells Fargo all reported better-than-expected earnings Friday. Reserve releases and Wall Street powered the results.
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It's Been A Numbers Game For Netflix And Investor Want To See How They All Added Up Much of 2020 was a numbers game for Netflix (NFLX), which raked in an amazing amount of new subscribers as people waited out the pandemic in front of their big-screen TVs.
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More Cash Means More Problems for Big Banks

Wall Street Journal - 15 Jan 2021 19:27
Large lenders enter 2021 coiled with potential energy from their deposit-fueled cash piles, but it's hard to pinpoint when that might translate into shareholder returns.
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Billionaire Jamie Dimon Worries Federal Spending Could Trigger High Inflation, Urges Businesses To Help Government Curb Inequality "It's time to get our act together," the chairman and CEO of the nation's largest bank urged of the world's business leaders.
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Stimulus Checks Can't Come Soon Enough for Retailers

Wall Street Journal - 15 Jan 2021 18:57
The holiday retail sales slump has boosted the argument for the Biden administration's stimulus plans.
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2021: The Year Of The Gripping Hand

Forbes - 15 Jan 2021 18:17
2021: The Year Of The Gripping Hand Harry Truman famously asked for a one-handed economist so he could stop hearing, "On the one hand, but then on the other hand." But what if we had three hands?
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Biden Stimulus Adds Fuel to Copper Rally

Wall Street Journal - 15 Jan 2021 17:33
Copper prices have been lifted by wagers that an improving economy will further increase consumption along with buoyant demand from China.
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Market Seems Subdued After Mixed Bank Results, Biden Stimulus Announcement There's a phrase on Wall Street that investors often "buy the rumor and sell the fact."
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The Story Behind the Market's Hottest Funds

Wall Street Journal - 15 Jan 2021 17:00
Thematic ETFs allow investors to bet on trends and concepts--but their narrow focus increases their risk.
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DoorDash Has All The Makings Of The Can Amazon Make It? That was the headline plastered on the front page of BusinessWeek magazine in July 2000.
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Dow Falls 200 Points As Wall Street Worries Over 'Opposition' To Biden's $1.9 Trillion Stimulus Plan-And Higher Taxes Massive big bank earnings beats weren't enough to impress investors Friday.
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