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Market News

Location American Market News for 11 February 2021

Can a Cigarette Stock Be an Ethical Investment?

Wall Street Journal - 11 Feb 2021 13:43
Tobacco companies like Philip Morris International hope that a shift to e-cigarettes will help them shake their toxic reputation with investors.
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Next Stop for Electric-Vehicle SPAC Mania: the Jetsons

Wall Street Journal - 11 Feb 2021 15:33
Archer may take the lead in developing electric air taxis after merging with a blank-check company, but widespread adoption is still science fiction.
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WallStreetBets Traders Set Cannabis Stocks Alight

Wall Street Journal - 11 Feb 2021 13:29
The day traders behind GameStop's meteoric rise last month are turning their attention to cannabis stocks, betting that President Biden's administration will push for further decriminalizing the drug.
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Borrowers Demand Student Loan Cancellation And Refuse To Pay Student Loans Will your student loans get cancelled?
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The U.S. Justice Department has subpoenaed information from Robinhood Markets and others.
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Bitcoin Has Reached Its Latest High Above $48,000--What's Next? Bitcoin prices climbed to a fresh record today. Several technical analysts weighed in on where it might go next.
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Alden Is In Talks to Buy Tribune Publishing

Wall Street Journal - 11 Feb 2021 20:23
Alden Global Capital, Tribune's largest shareholder with a 32% stake, is discussing a deal with the publishing company to buy the shares it doesn't already own.
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Fox And Tubi Show Off 'New Normal' Of Connected TV Advertising The discussion in Fox's earnings call of Tubi, a once-obscure Connected TV (CTV) service that Fox purchased last year bolsters the ever-growing "normalization" of CTV advertising as part of the core revenues of mainstrea...
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Shares of Dating App Bumble Surge in Trading Debut

Wall Street Journal - 11 Feb 2021 19:57
The dating app maker's stock opened at $76 a share, well above its IPO price of $43 to bring its valuation to about $8.6 billion.
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Vertex, Intellia Therapeutics: Gene Editing Stocks To Watch Our indicative theme of Gene Editing Stocks is up by about 187% since the end of 2018 and by about 5% year-to-date. Gene editing has received more attention this year, as scientists used the technology to cure progeria s...
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EBay Reports Increase Of 4 Million Trading Cards Sold In 2020 The booming trading card market shows no signs of slowing down.
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Top Stocks To Short As The Rally Continues For Another Day Investors didn't seem to care about new jobless claims. Instead, they focused on strong earnings that have kept the market on the rise. Amidst the rally, Q.ai's deep learning algorithms have dug up today's top shorts.
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Apollo's LifePoint in Talks to Buy Ardent Health Services

Wall Street Journal - 11 Feb 2021 18:47
The move would add roughly 30 hospitals across six states and create an entity worth more than $10 billion including debt.
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Kraft Heinz Signals Covid Feast Will Go On

Wall Street Journal - 11 Feb 2021 18:30
Food companies keep indicating that their good fortune last year will extend into this one. Investors might be ready to start listening.
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Where Are the Customers' Fully Autonomous Yachts?

Wall Street Journal - 11 Feb 2021 17:32
A Wall Street analyst's "buy" recommendation is worth a read in this frothy market.
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Can Fate Therapeutics Continue Its Rally After A 16% Move In 5 Days? The stock price of Fate Therapeutics has seen a solid 16% rise over the last five trading days, while it's up 13% over the last ten trading days, and we believe the rally may continue in the near term. The rise can large...
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Gap's Stock To See Declines In the Long Term? Gap Inc. stock, a specialty retailer selling casual apparel, accessories, and personal care products for men, women, and children under the Gap, Old Navy, and Banana Republic brands, became vulnerable during the pandemic...
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Mouse In The House: Disney Earnings Awaited With Focus On Streaming Business Volume could be thin the next two days ahead of the long holiday weekend. That's why it might be a good time for people to consider trimming their trade sizes in case of sharper than normal swings.
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Is Gevo Stock Worth The Risk?

Forbes - 11 Feb 2021 16:30
Gevo, a renewable chemicals and advanced biofuels company, has seen its stock rise by over 3x year to date and by around 12x over the last three months, as favorable regulations under the Biden Administration are seen as...
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Chesapeake Energy Emerges From Bankruptcy, With A Return To Its Roots In Natural Gas The long and winding road for independent oil and gas producer Chesapeake Energy turned another corner this week with the company's emergence from Chapter 11 bankruptcy proceedings in leaner shape and with a new strategi...
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Is The Stock Market In Another Decade-Long Rally? Is the stock market in another 10-year (or so) rally? Two things you must know to answer this question.
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Bumble's IPO Is Priced For Perfection

Forbes - 11 Feb 2021 15:50
Bumble's IPO Is Priced For Perfection With a higher valuation, likely due to rising demand for shares, will investors find a perfect match with Bumble?
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