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Market News

Location American Market News for 1 February 2021

H&R Block Stock Could Jump 30%

Forbes - 1 Feb 2021 13:00
H&R Block Stock Could Jump 30% Despite an almost 50% rise from its low in March, at the current price of $17.50 per share, we believe H&R Block stock (NYSE: HRB) has significant upside potential. HRB stock has risen from $12 to over $17 off the recent...
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Here's What Could Spark The Next 10% Market Correction, Bank Of America Warns Companies are no longer being rewarded by investors for blowout earnings-and that could spell trouble for stocks down the line.
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The stock market short squeeze orchestrated by Redditers is related to the bond market short squeeze orchestrated by global central banks.
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Exxon, Chevron Tie-up Not as Crazy as It Sounds

Wall Street Journal - 1 Feb 2021 20:27
Today's tech stock exuberance is a flashback to the 1990s. Now oil investors are experiencing their own déj vu.
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2 Top Stocks I'd Buy In February And Hold Until 2025 Here are two top-quality shares I think are worth close attention today. Come take a look.
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Is A Silver Squeeze Ahead? Here Are The Charts To Watch There are rumblings of a potential "silver squeeze" ahead as Reddit traders attempt to replicate last week's GameStop short-squeeze in the silver market. Here are the key charts to keep an eye on.
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Dow Jumps 250 Points, But GameStop Market Value Plunges $7 Billion As Shorts Cash Out GameStop shares tanked 31% Monday.
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The US and China are running different playbooks. The US playbook has corporate partnerships, strategic initiatives, and M&A. China, meanwhile, is running a strategic and highly coordinated playbook that includes the dir...
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XRP Plunged More Than 50% After Its Latest Pump XRP climbed more than 100% over the weekend, but lost more than 50% of its value today. Where will the digital token go next?
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Google's Cloud Won't Have Amazon's Silver Lining

Wall Street Journal - 1 Feb 2021 14:00
The internet giant's results are expected to shed new light on the costs of its cloud business.
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Markets in the U.S. are going haywire--with the GameStop saga the latest symptom--but the central bank is hesitant to step in. Not so in China.
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Valero Energy Dividend Yield Pushes Past 7% In trading on Monday, shares of Valero Energy were yielding above the 7% mark based on its quarterly dividend (annualized to $3.92), with the stock changing hands as low as $54.84 on the day.
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Top ETFs This Week Amid Market Excitement And Uncertainty Earnings came in strong last week and are likely to do so again, but focus is still on the Reddit vs. Hedge Funds war. Time will tell what happens, but we've dug up this week's trending ETFs to help you diversify in the ...
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Robinhood Raises Another $2.4 Billion From Shareholders

Wall Street Journal - 1 Feb 2021 19:09
The $3.4 billion raised since last Thursday is more than the company has raised in its entire prior existence.
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What The New Stimulus Package Could Mean For Your Student Loans Will your student loans get cancelled?
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3 Things The Reddit Crowd Should Know About Short Stocks Vs. Commodities Thinking you can squeeze miners, bankers, and other silver industry participants out of short hedges by buying physical silver? Think again.
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2 White-Hot UK Shares I Think You Should Buy In February Here are two top-quality UK shares I think could soar in value in the next few days.
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Microsoft Among This Week's Trending Stocks Rated Top Buy With the war between Redditors and hedge funds, and the indices seeing their worst week in months, we witnessed a wild last week in stocks. Our deep learning algorithms have used AI technology to rate the Top Trending St...
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Amazon Reports Earnings On Tuesday. Here's What To Expect Amazon.com is scheduled to report earnings after Tuesday's close. Here's what to expect
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Another Parallel To The Financial Crisis, And What To Do About It Wall Street has a formal way to measure volatility, through an index called the CBOE Volatility, or VIX. Stubbornly high stock market volatility means something.
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Online Retail Sales Provide Strong Tailwinds For Amazon There's no question that the pandemic has acted as a catalyst for online retailers. So it wouldn't be out of reach to expect 2020 to be a strong year for online shopping giant Amazon. And let's not forget the 74% boost t...
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GameStop Stock Frenzy May Not Be So Bad for Wall Street

Wall Street Journal - 1 Feb 2021 17:25
While some hedge funds have been hit hard, 'Wall Street' writ large could well profit from the GameStop saga.
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