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Market News

Location American Market News for 2 February 2021
Senate Democrats Move Biden's $1.9 Trillion Stimulus Plan Forward--With Or Without Republican Support Lawmakers will be able to vote on amendments to the package this week.
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Conservative Democrat Joe Manchin Says He Won't Hold Up Biden's $1.9 Trillion Stimulus Plan The West Virginia senator's vote will be critical for Democrats, who on Tuesday will begin the process of pushing Biden's plan through Congress without the GOP.
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Stocks To Trade In February

Forbes - 2 Feb 2021 19:54
Stocks To Trade In February Here are the seasonal/cycle trading recommendations for the month of February.
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Pfizer expects to sell about $15 billion in coronavirus vaccine doses this year, the company announced in releasing its fourth-quarter earnings Tuesday.
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2 Top Stocks (Including A FTSE 100 Share) I'd Buy In February And Hold Until 2030 I think these two top stocks could help share investors make big money over the next 10 years.
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Wood-Pulp Prices Surge as Speculators Pounce in China

Wall Street Journal - 2 Feb 2021 15:00
Demand is rising for premium napkins and toilet paper, with more people staying home during the Covid-19 pandemic.
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Nexstar Stock Down Only 11% From 2020 Peak, What's Next? Nexstar Media Group's stock, the largest television station owner and operator in the U.S. with 198 stations, at $114 is currently only 11% below its pre-Covid peak of $128 in February 2020. And, we believe that the stoc...
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Fintech Cadre Launches New $400 Million Fund Targeting Individual Investors And Plans To Back Minority Real Estate Operators Real estate fintech Cadre is launching a new $400 million fund aimed at individual investors and financial advisors. Founder Ryan Williams plans to use the fund to back minority real estate operators.
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Want Student Loan Cancellation? Ilhan Omar Says Tax Wall Street Will your student loans get cancelled? Ilhan Omar says this plan would pay for student loan cancellation.
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Kraft Heinz Nears Deal to Sell Planters Brand to Hormel

Wall Street Journal - 2 Feb 2021 21:00
The deal would value the century-old Planters brand at around $3 billion.
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Please Sell GameStop Before It Round Trips

Forbes - 2 Feb 2021 15:10
Please Sell GameStop Before It Round Trips GameStop's shares have exploded to levels that can't be justified on a valuation analysis. While the shares could stay where they are or even move higher, prudent money management would say to sell them or at least take ...
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Even a single share of the hot stock doesn't come without risk.
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Jeff Bezos To Step Down As Amazon CEO

Forbes - 2 Feb 2021 23:14
Jeff Bezos To Step Down As Amazon CEO The e-commerce giant's founder will be succeeded by Amazon Web Services chief Andy Jassy in the third quarter as he steps into the role of executive chair role.
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Top Stocks To Short Today As Markets Recoup Last Week's Losses Nearly all of last week's losses have been recovered, and investors seem to be back to focusing on earnings from tech giants, stimulus progress, and the vaccine. With all of this news, Q.ai's deep learning algorithms hav...
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Top Stocks To Buy Today As Reddit Rally Ends And Broader Market Rises Almost all of last week's losses have been recovered by now. To make the most of this market, our deep learning algorithms have crunched the data to give you the Top Buys.
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CES: Consumer Trends Serve As Blueprint For Innovation Board members would be well served to look for emerging trends and examine how the innovative products and services at this year's CES event reflect shifting consumer sentiments.
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Ferrari's Road to Lower Emissions May Be Bumpy

Wall Street Journal - 2 Feb 2021 18:50
Investors may not be able to put the Italian supercar manufacturer in the same league as handbag makers Hermès and LVMH forever.
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Schumer And Warren Student Loans Plan May Be Bad News For Student Loan Cancellation Maybe there won't be any student loan cancellation.
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iPhone Boom a Mixed Blessing for Chip Suppliers

Wall Street Journal - 2 Feb 2021 18:09
Apple is definitely having a moment. For the many chip companies who supply the tech giant, the question remains just how long that moment will last.
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Silver ETF at Center of Recent Reddit-Fueled Surge

Wall Street Journal - 2 Feb 2021 17:54
A flood of money into one exchange-traded fund has helped drive the surge in silver prices, underscoring the influence ETFs can exert on commodity markets.
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Can PVH Stock Rebound After A 13% Drop In 5 Days? PVH, formerly known as Phillips-Van Heusen Corporation, owns brands such as Van Heusen, Tommy Hilfiger, and Calvin Klein. The stock has declined 9% year-to-date and also declined around 13% over the last 5 trading days. ...
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Both Competing Stimulus Plans Would Return Economy To Pre-Pandemic Levels By The Second Quarter, But Here's Where They Differ Democrats are moving forward with Biden's $1.9 trillion plan while a key group of GOP senators pushes a $618 billion counter proposal.
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