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Market News

Location American Market News for 18 February 2021

Tiny-Company Boom Makes Markets Look Silly

Wall Street Journal - 18 Feb 2021 18:42
Six members of the Russell Microcap index have risen so much that they are now larger than the smallest S&P 500 stocks.
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The big-box retailer's fourth-quarter earnings missed Wall Street's expectations as it tries to turn pandemic gains into sustained momentum.
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Newmont Stock A Buy After Dropping Over 4% In A Week? Newmont stock dropped 4.3% in the last one week and has, in fact, underperformed the S&P 500 which increased 0.7% during this period. NEM stock currently trades at almost $58 per share. The decline in stock price was mai...
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Biden Will Ask DOJ To Review Student Loans

Forbes - 18 Feb 2021 03:22
Biden Will Ask DOJ To Review Student Loans President Joe Biden will ask the U. S. Department of Justice to review his authority to cancel student loans.
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Palantir Becomes an Unlikely Darling of the GameStop Crowd

Wall Street Journal - 18 Feb 2021 22:29
Quarterly results and a lock-up expiration hit shares of the richly valued software maker, but it is finding support in online forums.
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Citrix Systems Aiming For Double Digit Growth By 2022 With its stock up 8.6% -- lagging the S&P 500 -- in the last year, Citrix is aiming at double digit top-line growth by 2022. Is that a reason to buy the stock?
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Watch Live: GameStop Hearing On Market Manipulation The billionaire founders of Robinhood and market-maker Citadel Securities are among those testifying.
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U.S. Natural Gas Shortage Hampers Blackout Recovery

Wall Street Journal - 18 Feb 2021 20:09
Frozen oil and gas wells and pipeline infrastructure have reduced the fuel available to power plants as companies seek to restore electricity to millions this week.
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Shareholder Primacy Culture And The Cautionary Tale Of Boeing I began writing about the story of Boeing two years ago, not long after the crash of its new 737. It is a cautionary tale of the dangers of shareholder primacy culture in action.
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Don't Let Walmart's Slowing Sales Fool You

Wall Street Journal - 18 Feb 2021 18:51
Walmart is a slow-growing, mature retailer--and that is perfectly fine.
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Top Stocks To Short Today Amid Weak Walmart Data And Jobless Numbers As all the major indices have fallen, Q.ai's Artificial Intelligence has crunched the data to give you today's top short plays.
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Top Stocks To Buy Today As Jobless Claims Send Markets Down Disappointing jobless claims and weak data from Walmart, among other factors, sent all the major indices down. But Q.ai's deep learning algorithms have assessed the markets to bring you today's top buys.
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Who Are the Key Players at the GameStop Congressional Hearing?

Wall Street Journal - 18 Feb 2021 17:50
The House Financial Services Committee is calling several witnesses, including individual investor Keith Gill, to find out what happened during the retail-investor-led run-up of GameStop.
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Is Novavax Stock Too Risky At $260?

Forbes - 18 Feb 2021 17:40
Is Novavax Stock Too Risky At $260? Novavax stock has had a stellar run, more than doubling since early January 2021 driven by promising efficacy data for its Covid-19 vaccine. The stock is also up about 30x over the last 12 months. After such a sizable ra...
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No Pandemic Sugar Rush for Nestlé

Wall Street Journal - 18 Feb 2021 17:25
The Swiss maker of KitKat candy bars hasn't seen the same sales spikes as other snack giants during the pandemic, but looks steadier in the long run.
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Why Cummins' Stock Looks Expensive At $240

Forbes - 18 Feb 2021 17:00
Why Cummins' Stock Looks Expensive At $240 After rising over 130% from its March 2020 lows, and now trading at close to all-time highs of about $244 per share, Cummins a company that sells engines used in trucks, as well as filtration, and power generation produc...
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Why Has Palantir Stock Declined 25% Over The Last 5 Days? Palantir stock declined by about 13% in Tuesday's trading and is down by almost 25% over the last 5 trading days. The sell-off is largely driven by a mixed December quarter earnings report. Although Palantir's quarterly ...
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Why CenterPoint Energy Stock Has Room For More Gains CenterPoint Energy, a utility holding company that operates in markets including Texas and Indiana, has seen its stock price recover by about 70% from its March 2020 lows and currently trades at about $21 per share. Howe...
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Barclays' Partial Victory Lap

Wall Street Journal - 18 Feb 2021 16:26
Last year's results vindicated Barclays' diversified banking strategy, but overall returns are still disappointing and the stock price remains stubbornly low.
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A Micro-Bubble Brewing Between Williams-Sonoma & Wayfair In The Home Goods Market The old adage says, "cash is king," and we prefer stocks in firms that consistently generate cash over those that burn cash.
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Why You Should Not Worry After 25% Drop In Wheaton Precious Metals Stock Wheaton Precious Metals stock dropped 25% in the last 6 months and currently trades at $40. The decline in stock price was mainly driven by weakness in gold prices. After registering an impressive rise from $1,500/ounce ...
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What's Next For Veru Stock After A Monstrous 112% Rally In 10 Days? The stock price of Veru Inc. , a biopharmaceuticals company focused on oncology medicines, has seen a monstrous 112% rise over the last ten trading days, while it's up 47% over the last five trading days, after the compa...
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