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Market News

Location American Market News for 10 February 2021

America Went on a Borrowing Binge, but Banks Were Left Out

Wall Street Journal - 10 Feb 2021 12:30
Lenders are flush with cash they want to put to use, and banks hope loan growth will pick up in 2021.
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SoftBank to Make $900 Million Investment in Pacific Biosciences

Wall Street Journal - 10 Feb 2021 03:37
The investment in the gene-sequencing company, in the form of convertible debt, is designed to help accelerate the commercialization of the company's technology.
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Fidelity's Secret Weapon to Take On Robinhood and Vanguard

Wall Street Journal - 10 Feb 2021 12:33
Geode Capital Management, which Fidelity spun off nearly two decades ago, has developed into a formidable competitor in the low-cost index business.
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Fidelity Cashes In Most of GameStop Stake

Wall Street Journal - 10 Feb 2021 20:07
Fidelity Investments sold nearly all of its positions in GameStop last month, ending its run as the volatile stock's largest shareholder.
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What To Expect From Expedia's Stock Post Q4 Release? Expedia , a travel company providing everything from airline tickets, hotel rooms, car rentals, to cruises, is scheduled to announce its fiscal fourth-quarter results on Thursday, February 11. We expect Expedia's revenue...
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Under Armour Shares Look Stretched

Wall Street Journal - 10 Feb 2021 19:11
The maker of athletic wear beat modest expectations but it has yet to prove that its turnaround plan is working.
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Stimulus Might Cause Higher Inflation, but for How Long?

Wall Street Journal - 10 Feb 2021 18:59
The combination of another round of Covid-19 relief and an easing of the pandemic's grip could push prices higher.
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This Is The Best Outlook For GDP In Years, And We Know It Thanks To A New Way Of Counting Money New measurements explain why we had disappointing growth after the Financial Crisis, and how today's policies have a much better chance of creating strong growth.
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Treasury Yields Fall After Lackluster Inflation Data

Wall Street Journal - 10 Feb 2021 18:55
Soft inflation data indicated that investors will have to wait longer for the big increase in consumer prices that many have been expecting this year.
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Bernie Sanders Grills Controversial Budget Nominee Neera Tanden Over Corporate Donations, Twitter Attacks Tanden pledged to take a "radically different" approach.
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Why Has Moderna Stock Already Rallied 75% In 2021? Moderna stock has rallied by over 75% since the beginning of 2021 and currently trades at levels of around $185 per share. So what's driving these gains? Firstly, demand for Moderna's Covid-19 shot is strong. For example...
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How Is SpaceX's Starlink Service Shaping Up? SpaceX's satellite-based Internet business, Starlink, is seen as the biggest driver of the space exploration company's valuation, given its large addressable market. (Related: SpaceX's Revenues and Valuation) So how is t...
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Sundial Growers Is Up 250% In A Month. Don't Buy. Since December, short interest in Sundial Growers has plunged from 66% to 6.9% at the end of January. What will drive up the stock further?
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GM Needs Cutting-Edge EVs to Match Its Green Ambitions

Wall Street Journal - 10 Feb 2021 18:19
The company has enjoyed a soaring stock-market valuation on the back of its electric-vehicle plans, but peers including Volkswagen and Ford are ahead with product launches.
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Top Stocks To Buy Today As The Markets Continue To Soar More strong earnings sent the Nasdaq and the Russell to a record close. As the rally continues, Q.ai's Artificial Intelligence systems have assessed each firm to find you today's best top buys.
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Coca-Cola Can't Catch a Break

Wall Street Journal - 10 Feb 2021 18:00
Coca-Cola was looking forward to a bubbly summer after being hit harder by Covid-19 than rival PepsiCo, but now it faces a potentially huge tax liability.
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2 Loser Funds To Sell Now, 2 Big 6%+ Dividends To Buy Instead You and I both know there's a problem with the sugar high the stock market's been on.
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Cimarex Energy About To Put More Money In Your Pocke On 2/12/21, Cimarex Energy will trade ex-dividend, for its quarterly dividend of $0.22, payable on 5/1/21. As a percentage of XEC's recent stock price of $50.25, this dividend works out to approximately 0.44%.
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More than 300,000 ads were recently purchased across at least 30 states by people drawing inspiration from forums like Reddit's WallStreetBets.
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Under Armour reported a surprise profit for the holiday quarter as sales were boosted by strong digital growth.
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Dow Jumps 150 Points, Stocks Brush Off Trump's Impeachment Hearing Despite facing backlash for banning the former president, Twitter shares are soaring to a new high after a blowout earnings report.
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How About Those Earnings? Strong Results Give Market A Boost After Tuesday's Pause It's good to see the type of confidence expressed by some of the major companies reporting earnings this week. While some of the numbers were achieved through cost cutting, it sounds like sentiment is generally improving...
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