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Market News

Location American Market News for 8 March 2021

Oracle's Low Bar Is Rising

Wall Street Journal - 8 Mar 2021 13:30
The software giant's stock has been the best performer in tech ahead of its next earnings report.
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GameStop Adds Another $3 Billion In Market Value After Tapping Billionaire Investor To Head Digital Transformation GameStop shares are up 1,000% this year, but not everyone's bullish on the stock.
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Tesla's 'Brutal Selloff' Worsens, Market Value Losses Hit $300 Billion As Investors Move Away From Big Tech The stock has now tanked 35% since its January peak, falling below its pre-S&P high while the broader market soars.
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The Selling In FibroGen Stock Appears Overdone After Roxadustat Delay The stock price of FibroGen, a biopharmaceutical company focused on therapeutics in immunology and oncology, has seen a large 36% drop over the last ten trading days, while it's down 32% over the last five trading days, ...
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All Pot Stocks Aren't Created Equal

Wall Street Journal - 8 Mar 2021 12:26
Booming sales and profits mean big U.S. cannabis growers are becoming attractive bets. Many investors still have to settle for shakier Canadian names which are easier to buy.
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GE Nears Deal to Combine Aircraft-Leasing Unit With AerCap

Wall Street Journal - 8 Mar 2021 01:39
The deal would unite rivals in a tough aviation market and could further shrink GE Capital.
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Netflix Enters Oversold Territory

Forbes - 8 Mar 2021 23:27
Netflix Enters Oversold Territory In trading on Monday, shares of Netflix entered into oversold territory, hitting an RSI reading of 29.2, after changing hands as low as $493.69 per share.
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'The Recession Is Effectively Over': Analysts Are Expecting 'Rip-Roaring' Growth This Year, But Hurdles Remain Goldman Sachs is expecting GDP growth of nearly 7% this year.
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Is A Lax Virtual Currency Compliance Program Putting Your Business At Risk? To avoid being targeted as part of the increased enforcement, it is important to devote a critical eye to the review of compliance policies, the manner in which a risk assessment is conducted, and the steps taken to miti...
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Costco And Johnson & Johnson Among Trending Stocks This Week Amid rising bond yields, an aggressive stimulus package, and a pandemic, Q.ai's deep learning algorithms have found you this week's top trending stocks.
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Top Stocks To Short Today As The Rotation Into Recovery Continues The rotation into recovery continues as President Biden's stimulus proposal passed through the Senate. To make the most of this market, Q.ai's Artificial Intelligence has assessed each firm to find today's top short play...
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RSI Alert: Qualcomm Now Oversold

Forbes - 8 Mar 2021 18:33
RSI Alert: Qualcomm Now Oversold But making Qualcomm an even more interesting and timely stock to look at, is the fact that in trading on Monday, shares of QCOM entered into oversold territory, changing hands as low as $127.57 per share.
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Greensill Files for Insolvency, Leaving Pain for Investors

Wall Street Journal - 8 Mar 2021 18:23
SoftBank-backed Greensill Capital filed for insolvency protection, days after regulators took over its banking unit and Credit Suisse froze key investment funds.
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Biden's $1.9 Trillion Stimulus Bill Looks Certain As It Heads To House For Final Vote Six days remain before enhanced federal unemployment benefits expire.
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Dow Jumps 150 Points, But Tech Selloff Continues After Senate Passes Biden's $1.9 Trillion Stimulus Plan Yields also pushed higher.
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Fire Safety A Hot-Bed Of M&A Activity

Forbes - 8 Mar 2021 16:38
Fire Safety A Hot-Bed Of M&A Activity Private equity is fueling demand for protection, maintenance and inspection services businesses, a highly fragmented, recession-proof segment.
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Overnight Momentum Change: Early Rally Fizzles As Treasury Yields Climb Above 1.6% There's a little bit of separation developing in the markets today. The early overnight rally fizzled, but now small-caps and the $DJI appear to be gaining momentum again, helped by banks. Keep an eye on the dollar, now ...
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Editas, Intellia: After Big Sell Off, Is it Time To Buy Gene Editing Stocks? Our indicative theme of Gene Editing stocks is down by about 24% year-to-date, compared to the S&P 500 which has remained almost flat over the same period. The recent sell-off comes on the back of rising bond yields, whi...
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Apollo Strikes $11 Billion All-Stock Merger With Athene

Wall Street Journal - 8 Mar 2021 16:29
Private-equity giant Apollo announced the acquisition of the portion of Athene Holding it doesn't already own in an all-stock transaction that values the insurance-and-retirement services firm at around $11 billion.
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Why Union Pacific Stock Isn't Our Top Pick In Transportation Sector We believe that there are several stocks in the transportation sector that are better than Union Pacific. Union Pacific's current market cap-to-operating income ratio of 18x compares with 12x for U.S. Xpress Enterprises,...
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Analyzing Procter & Gamble's Dividend Growth Potential Get a look at one of the stocks in the most recent Dividend Growth stocks Model Portfolio.
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Tech stocks led declines premarket while government-bond yields rose.
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