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Market News

Location American Market News for 17 February 2021
Buy Churchill Capital IV (CCIV) On $12B Lucid Motors Merge Report CCIV could pop -- especially if it merges with Lucid Motors and its Air generates $900 million in 2021 revenue
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Credit Suisse Stock Likely To Beat Consensus In Q4? Credit Suisse is scheduled to report its fiscal Q4 2020 results on Thursday, February 18. We expect Credit Suisse to likely beat the consensus estimates for revenues and earnings. The bank reported weak third-quarter res...
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Is The 125% Rise In Rio Tinto Stock Justified? Despite an impressive rise of more than 125% since its March 2020 lows, Rio Tinto stock does not seem to be overvalued. In fact, at the current price of $84 per share, RIO stock is almost close to its fair price, with a ...
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Google and Facebook's Trouble Down Under Will Spread

Wall Street Journal - 17 Feb 2021 12:57
Australian politicians want digital platforms to pay media companies more for their content. Regulators world-wide are watching closely.
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Credit-rating analysts made adjustments to financial models that resulted in better terms for bond issuers and in some cases less interest income for investors, the Securities and Exchange Commission alleged in a civil l...
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Buffett's Berkshire Bets Billions on Verizon, Chevron

Wall Street Journal - 17 Feb 2021 01:48
The conglomerate has purchased $8.6 billion in the mobile carrier's stock and $4.1 billion in the oil company's shares.
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SEC Moves Signal More Aggressive Enforcement Under Biden Wall Street can expect tougher enforcement under the new administration, based on big changes at the SEC.
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$8.7 Trillion Asset Manager BlackRock Is Exploring Bitcoin As Institutions Flood Crypto "We've started to dabble a bit into it."
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Treasury Yields Stabilize After Big Jump

Wall Street Journal - 17 Feb 2021 22:56
U.S. government bonds showed signs of steadying Wednesday after a wave of selling sent yields soaring a day earlier.
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Melvin Capital Was Short GameStop Since 2014

Wall Street Journal - 17 Feb 2021 22:33
Hedge fund founder Gabe Plotkin defends his firms short-selling strategy in House testimony and says he still believes the retailer's business model will be overtaken by online videogame downloads.
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With Some Unemployed Workers Facing Surprise Tax Bills, States Start Providing Relief Millions of unemployed workers could face huge surprise tax bills.
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Texas Freeze Heats Up Some Refiners

Wall Street Journal - 17 Feb 2021 22:02
The unusually cold weather in Texas is both good and bad for oil refiners as margins get a boost, but some are unable to capitalize.
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Reddit Trader Roaring Kitty Accused Of Fraud In The Latest Wild Lawsuit Coming Out Of GameStop Saga One of Reddit's most outspoken WallStreetBets traders is being sued for alleged securities fraud.
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These Dividends Will Still Be Flowing In 2050 -- And Beyond We're going to discuss the secret to double-digit annual returns every year, forever, with secure dividend stocks.
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Social Media Stock Looks Poised For Even More Record Highs Social media concern Snap (SNAP) is pulling back, but investors shouldn't look away just yet as a bullish signal now flashing indicates even more record highs for the security.
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Insurance Payouts for Storm Damage Vary Among Policies

Wall Street Journal - 17 Feb 2021 20:11
Consumer activists lament a growing diversity of basic homeowners policies, a reality many Texans will discover when they file insurance claims for storm damage.
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Watch These Crude Oil Levels

Forbes - 17 Feb 2021 18:52
Watch These Crude Oil Levels As crude oil supply drops with the record-breaking weather crude oil prices have understandably surged. But what does the technical outlook indicate for crude oil prices and two leading energy ETFs for the next few month...
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Buffett's New Stock Picks Including Verizon And Chevron Add $15 Billion In Market Value After Berkshire Discloses Stake Shares of Berkshire's new investments are outperforming the market Wednesday.
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GameStop And Chesapeake Energy: A Tale Of Two Very Different Distress Stories GameStop and Chesapeake Energy had wildly different results in the new year. GameStop's price climbed to $483/share before dropping to about $50 on the day that Chesapeake's shares were delisted as it emerged from bankru...
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Top Stocks To Short Today As Inflation Fears Cause Indices To Retreat The major indices are broadly in the red right now, but the deep learning algorithms at Q.ai have assessed the market to give you today's top shorts.
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Skyworks & Qualcomm: Will Momentum Hold Up For Apple Component Supplier Stocks? Our indicative theme on Apple Component Supplier Stocks - which includes a diverse set of companies that supply components for iPhones and other Apple devices - is up by about 37% since the end of 2019, compared to a gai...
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Top Stocks To Buy Today Amidst Mild Market Declines As the indices saw slight declines on Wednesday, Q.ai's deep learning algorithms have crunched the numbers to find you the best top buys.
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