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Market News

Location American Market News for 28 January 2021
Major technology shares are slipping despite posting strong earnings.
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Reddit's WallStreetBets Forum Briefly Goes Dark

Wall Street Journal - 28 Jan 2021 03:31
A message on the forum's landing page initially said WallStreetBets had been taken private by its moderators because off technical difficulties on an "unprecedented scale as a result of the newfound interest in WSB."
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Coinbase Global Intends to Go Public Via Direct Listing

Wall Street Journal - 28 Jan 2021 23:39
The cryptocurrency exchange said it plans to go public through a direct listing, making the popular platform the latest company to forgo the traditional public-offering process.
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A number of brokerages have limited trading in a handful of popular stocks.
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February Outlook: Six Things To Watch For Including Fed Testimony, Stimulus Progress, Earnings February begins with investors focused on the Fed's latest observations, progress on vaccinations, and the fight in Congress over a new stimulus.
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Qualtrics Shares Jump in Trading Debut

Wall Street Journal - 28 Jan 2021 22:00
Qualtrics opened at $41.85 Thursday afternoon, compared with its initial public offering price of $30 a share.
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Who Really Loses From The GameStop Whipsaw?

Forbes - 28 Jan 2021 21:47
Who Really Loses From The GameStop Whipsaw? Potentially, all of us
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Expect A Student Loans Showdown

Forbes - 28 Jan 2021 21:23
Expect A Student Loans Showdown There is student loans feud brewing. Here's why.
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WeWork in Talks to Combine With SPAC or Raise Money Privately

Wall Street Journal - 28 Jan 2021 20:54
A deal, more than a year after WeWork's high-profile failure to stage a traditional initial public offering, could value the company at some $10 billion.
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Robinhood, Other Brokerages Restrict Trading on GameStop, AMC

Wall Street Journal - 28 Jan 2021 20:30
Popular online brokerages restricted access to trading high-flying stocks including GameStop Corp. and AMC Entertainment Holdings Inc., drawing sharp rebuke from individual investors hoping to participate in this week's ...
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Did GameStop Mark The Top?

Forbes - 28 Jan 2021 20:22
Did GameStop Mark The Top? One thing's for sure: making money in stocks feels really easy right now.
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Honeywell Stock Likely To Trade Lower After Q4 Results Honeywell International recently announced divestiture of its performance and lifestyle footwear business to Rocky Brands for a sum of $230 million. This business was part of Honeywell's Safety & Productivity Solutions s...
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Bank of America Stock Is Unlikely To Yield Strong Returns Despite a more than 70% gain since the March 23 lows of the last year, Bank of America stock is still trading 11% below its pre-Covid peak in February 2020. Trefis estimates Bank of America's valuation to be around $33 p...
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More Than 50 House Lawmakers Urge Biden To Include Recurring Stimulus Checks In New Covid-19 Relief Bill "One more check is not enough."
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Top Stocks To Short Today Amid Current Market Rally Today's news cycle has been predominantly about the current "stonk" rally with shares like Gamestop, AMC, Blackberry and Nokia surging. With all of this news, the deep learning algorithms at Q.ai have crunched the data t...
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Daily Dividend Report: Apple, Walgreens Boots Alliance, Exxon Mobil, Chevron, Arthur J. Gallagher, Air Products
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Facebook Undercuts its Own Apple Argument

Wall Street Journal - 28 Jan 2021 19:39
The social-media network's own forecast suggests Apple's upcoming privacy update will have little impact.
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Qualtrics (Finally!) Goes Public Two Years After $8 Billion SAP Acquisition, Joining Tech's IPO Rush Two years after a last-minute $8 billion sale to SAP, Qualtrics and cofounder Ryan Smith have finally hit the public markets as demand for tech stocks has soared.
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Top Stocks To Buy Today As Market Recovers From Sharp Sell-Off After the Dow and S&P saw their worst sell-offs in three months yesterday, the market broadly recovered today. For investors looking to make the most of this market, the deep learning algorithms at Q.ai have crunched the...
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U.S. Economy Faces Uphill Climb at Start of Year

Wall Street Journal - 28 Jan 2021 18:59
The fourth quarter's growth was concentrated at the start of the quarter, leaving the economy in a weak position now.
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The airline's latest numbers were bad enough to justify bearish Wall Street bets against it. In today's topsy-turvy market, this all but guarantees stock gains.
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BaFin, the German stock-market regulator, drew criticism last year after it admitted it allowed its staff to trade the company's shares while it was investigating it.
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