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Market News

Location American Market News for 3 February 2021

Apollo's Earnings Climb Despite Epstein-Related Turmoil

Wall Street Journal - 3 Feb 2021 14:01
The test will be whether Leon Black's recently announced decision to cede the CEO role will put to rest any investor concerns.
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68% Of Americans Approve Of Biden's $1.9 Trillion Stimulus Plan, Poll Finds Democrats in Congress are moving ahead with the plan over Republican objections.
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Google's Clicks Cover Its Cloud

Wall Street Journal - 3 Feb 2021 21:56
Strong cash flow from a recovered ad business is underwriting steep cloud losses.
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Why Is Workhorse Stock Rallying Again?

Forbes - 3 Feb 2021 14:00
Why Is Workhorse Stock Rallying Again? Workhorse Group stock has continued its strong run, rising by about 57% over the last 5 trading days. In fact, the stock is up by about 21% since our last update on January 28, when we indicated that the stock had more r...
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What To Expect From Bristol Myers Squibb's Q4? Bristol Myers Squibb is scheduled to report its Q4 2020 results on Thursday, February 4. We expect the company to likely post revenue and earnings slightly below the consensus estimates, partly due to slowing sales growt...
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Free Trading's Costs Come Into Focus

Wall Street Journal - 3 Feb 2021 20:08
The GameStop mania highlighted the downside of free trading for brokerages like RobinHood, though large diversified firms can still benefit.
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Top Stocks To Buy Today As Alphabet And Amazon Move Markets Alphabet's growth and news of Amazon founder and CEO, Jeff Bezos, stepping down are moving the markets. With so much happening, our artificial intelligence has found you today's best Top Buys.
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Merck Q4 Earnings Preview: Keytruda And Gardasil In Focus Merck is scheduled to report its Q4 2020 results on Thursday, February 4. We expect the company to likely post revenue slightly below and earnings in-line with the consensus estimates, partly due to lower expected sales ...
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Biden Urges Democrats To Keep $1,400 Stimulus Checks But he's open to tightening the eligibility requirements.
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Manchin Doubles Down On Call For Bipartisan Stimulus: We're Not Going To 'Shove It Down People's Throats' Democrats are pushing forward on Biden's $1.9 trillion relief bill without Republicans.
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A Timeless Lesson That Washington Forgot

Forbes - 3 Feb 2021 16:58
A Timeless Lesson That Washington Forgot If our leaders truly mean what they say about national unity, they need to start relearning the art of persuasion and practicing the art of compromise.
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Kraft Heinz Sends Mr. Peanut to a Better Place

Wall Street Journal - 3 Feb 2021 16:47
The food maker is close to fetching a very attractive price for its Planters business. Next, it must use the proceeds wisely.
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Stocks Back Near Highs As Democrats Move Forward On Stimulus, Alphabet's Blowout Earnings Push Nasdaq Past Peak Alphabet stock is surging to peak levels Wednesday, climbing 7% after blowout earnings.
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Hedge Funds Double Down on Merger Bets Amid GameStop Tumult

Wall Street Journal - 3 Feb 2021 16:27
The retail-investor-led surge in GameStop and other stocks last week sent several hedge funds scrambling to cover their positions. Some funds that bet on deals closing, however, spied an opportunity.
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How Apple Is Squeezing Out More Profit From Its IPhones Apple had a solid Q1 FY'21, posting record Revenues that topped $110 billion led by the new 5G iPhones. Apple's Operating Margins also soared by a remarkable 220 basis points year over year to about 30.1%. Can Apple sust...
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Car Insurance Prices Fell in 2020

Wall Street Journal - 3 Feb 2021 16:00
Car-insurance rates for U.S. vehicle owners fell by nearly 4% on average in 2020 amid reduced traffic volume and other pandemic-related changes in driving patterns, according to Zebra, an insurance price-comparison websi...
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For vaccine optimists, there may be no clearer way to bet on the recovery than investing in budget airlines. But much depends on whether these low-cost carriers can remain, well, low cost.
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5G Will Come Of Age In 2021. Which 5G Stocks Should You Pick? 5G wireless technology is likely to see more widespread adoption through 2021, as Apple scales up production of its 5G equipped iPhone 12, with other players like Samsung launching more mass-market versions of their 5G s...
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Italian equities and government bonds rallied as investors cheered the news that former European Central Bank President Mario Draghi had been asked to form a new government.
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PagerDuty, Mimecast: Are Mid-Cap SaaS Stocks Still Attractive? Software as a Service (SaaS) stocks were among the biggest winners post the Covid-19 stock market crash in March 2020 and it's likely that the sector will remain in favor even after the pandemic ends, given the increasin...
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Sony is at the Top of its Game. Next Up: Anime, Music

Wall Street Journal - 3 Feb 2021 14:38
Like most gaming companies, Sony has done exceptionally well this year, but it is also positioning itself cannily for the post-pandemic world.
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Comcast Stock Jumps 20% In 3 Months - Will The Rally Continue? Comcast stock increased almost 20% in the last three months and is currently trading at close to $50 per share. The company's foray into streaming with the launch of Peacock in mid-2020 also helped boost the stock price ...
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