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Market News

Location American Market News for 4 March 2021
Will The Sell Off In Novavax Stock Continue? Novavax stock (NASDAQ: NVAX) dropped 15% over the last five trading days and has underperformed the S&P 500 which remained almost flat over the same period. The stock is also down by almost 22% over the last ten trading ...
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OPEC's Fragile Recovery

Wall Street Journal - 4 Mar 2021 21:29
Saudi generosity has paved the way for the cartel's recent show of strength, but old tensions remain unresolved.
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BNY Mellon Stock Is Still Undervalued

Forbes - 4 Mar 2021 15:00
BNY Mellon Stock Is Still Undervalued BNY Mellon stock has rallied 59% since the March 23 lows of the last year and at its current price of $44 per share, it is 10% below its fair value of $48 - Trefis' estimate for BNY Mellon's valuation. The mortgage banki...
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AT&T Stock Will Continue To Underperform

Forbes - 4 Mar 2021 15:00
AT&T Stock Will Continue To Underperform We believe AT&T stock would find it difficult to go back anywhere close to its pre-Covid level of $38 per share anytime soon. AT&TT trades at $28 currently and is, in fact, down 28% from the level of $39 seen in the begi...
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Wall Street Wrong Again: Goldman's A recent chart based on a Goldman Sachs analysis has many concerned about a stock market collapse. But the real problem is in the numbers.
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Britain's latest budget confirms that austerity policies won't return, but fiscal activism could remain far less adventurous than in the U.S.
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Comcast Stock Looks Undervalued Even At An All-Time High Despite almost a 70% rise since its April 2020 lows, at the current price of $54 per share, Comcast stock (NASDAQ: CMCSA) still looks undervalued. CMCSA stock has increased from $32 to $54 off its recent bottom, almost i...
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Food-Delivery Regulation Is a Drama Worth Watching

Wall Street Journal - 4 Mar 2021 14:00
DoorDash, Grubhub and Uber Eats face a battle over commission caps and their impact on growth.
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Hippo is teaming with a special-purpose acquisition company to go public, the latest insuretech business to tap equity markets and challenge traditional insurers head-on.
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Treasury Yields Extend Climb After Fed Remarks

Wall Street Journal - 4 Mar 2021 22:49
Jerome Powell said the central bank's current policy stance is appropriate, disappointing some investors who had been hoping that he might signal greater concern with the recent increase in Treasury yields.
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The exchange-traded fund doesn't include GameStop or AMC, but it does have Tesla, DraftKings and other stocks frequently talked up on Reddit and Twitter.
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Dow Plunges Nearly 700 Points After Powell's Speech Fails To Ease Investor Worries The Fed chair said recently rising bond yields were "notable" and caught his attention-a worrying sign for investors concerned over sky-high valuations.
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Okta Finds Its High-Price Match

Wall Street Journal - 4 Mar 2021 20:49
The cloud software company uses its richly valued stock to fund its biggest deal ever.
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Tidal Doesn't Change Square's Blueprint

Wall Street Journal - 4 Mar 2021 20:23
Square has made some splashy moves this week, buying Jay-Z-backed Tidal and launching a bank, but they won't help results for now.
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ETF Investors Flock to International Stock Funds

Wall Street Journal - 4 Mar 2021 20:00
Part of the interest stems from the run-up in domestic stocks, which meant that investors were underweighted overseas.
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Record-Setting Money Makes Hard Assets More Attractive We still have a strong conviction in gold and believe one of its most convincing long-term investment cases is the alarming growth in money supply in the U. S.
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The Great Value Rotation: A Revival In The Performance Of Value Stocks Masks An Evolution In The Storied Investment Strategy While I have been a strong an advocate for value stock investing and agree that many value stocks should perform well in 2021, I believe there is an element to the value versus growth debate that requires further explora...
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Senate Readies More Changes To Biden's $1.9 Trillion Relief Bill After Eliminating $15 Minimum Wage And Narrowing Stimulus Check Eligibility Ten days remain before enhanced federal unemployment benefits expire on March 14.
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Winter Storm Eased Natural-Gas Glut

Wall Street Journal - 4 Mar 2021 18:50
Though the climb in gas prices was short lived, producers and analysts say that enough gas was burned during the cold snap to likely keep prices from crashing when furnaces are shut off in spring.
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30-Year Mortgage Rate Tops 3% for First Time Since July

Wall Street Journal - 4 Mar 2021 18:48
Americans who purchased new homes or refinanced their mortgages over the past few months may have done so at just the right moment.
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The company may be listing its shares at a peak time for cryptocurrencies, so investors should be cautious about its recent results.
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Top Stocks To Buy Today As Tech Lags Behind Broader Market Rising bond yields are still crushing tech stocks. But Q.ai's Artificial Intelligence systems have assessed each firm to find today's best top buys.
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