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Market News

Location American Market News for 9 March 2021
As Oil Heats Up, Chevron Is Set For Big Earnings Growth - No Wonder Warren Buffett Likes The Stock With the reflation trade having pushed oil prices up to $67 per barrel in recent days, all of a sudden life is looking good for Big Oil again, and especially for Chevron.
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SPAC Pioneers Reap the Rewards After Waiting Nearly 30 Years

Wall Street Journal - 9 Mar 2021 12:30
SPACs have raised more than $70 billion this year, jarring the banker and lawyer who invented the product and watched it struggle for nearly three decades.
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5 Steps To Tax-Free Student Loan Forgiveness Here are 5 steps to get tax-free student loan forgiveness.
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Prudential Crosses Above 5% Yield Territory In trading on Tuesday, shares of Prudential Financial were yielding above the 5% mark based on its quarterly dividend (annualized to $4.6), with the stock changing hands as low as $90.27 on the day.
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Unlike Trump, Biden Won't Sign Name On $1,400 Stimulus Checks "We are doing everything in our power to expedite the payments and not delay them," White House press secretary Jen Psaki said Tuesday.
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Bitcoin Trades North Of $50,000 After Latest Gains Bitcoin prices have bounced back lately, rising to nearly $55,000. When will the cryptocurrency reach a fresh, all-time high?
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The system is decades old but has generated greater scrutiny as more individual investors trade on brokerage apps.
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Earnings Preview: Tupperware Reports Before Wednesday's Open Tupperware Inc. is scheduled to report earnings before Wednesday's open. Here's a closer look.
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Should you carry forward LTA or opt  for  the cash  voucher  scheme? If you plan to carry forward LTA to the next block period of 2022-25, you can claim it in the first year only.Under the cash voucher scheme, employees must buy goods or services worth three times the LTC benefit claimed
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Demand for lithium, a crucial component in the rechargeable batteries that go into electric vehicles, is set to surge. The U.S. is racing to catch up to China in mining and refining the metal--and Piedmont Lithium is at ...
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U.S. Economy Will Recover Twice As Fast Thanks To $1.9 Trillion Stimulus And Quick Vaccine Rollout The OECD is expecting 6.5% growth this year.
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Crowded Bet Against 10-Year Treasury Hits Repo Market

Wall Street Journal - 9 Mar 2021 18:04
Investor bets on rising interest rates are sparking a strange inversion in the repo market, where hedge funds and other investors are paying to lend cash in exchange for 10-year Treasurys.
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Nuked Jobs Market

Forbes - 9 Mar 2021 17:56
Nuked Jobs Market U.S. employers created 379,000 new jobs in February. This news generated much celebration and, for those who fear inflation, some worry.
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Top Stocks To Short Today Amid Reverse Rotation The market is rotating, investors are optimistic, and big tech names are gaining again. Meanwhile, the deep learning algorithms at Q.ai have dug up the details to bring you today's best short plays.
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Top Stocks To Buy Today As Bond Yields Retreat And Growth Stocks Rebound As bond yields retreated to 1.52% after trading as high as 1.62% yesterday, the indices popped. Meanwhile, Q.ai's Artificial Intelligence Systems have crunched the numbers to bring you today's best top buys.
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'Sell Tesla, Buy Exxon' Explains the Market

Wall Street Journal - 9 Mar 2021 17:15
The recent fall in Tesla's stock at the same time as Exxon has risen marks a stunning reversal that reveals two bigger trends: the stimulus-driven economy and its effect on bond yields.
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The Fed's Approach To Marijuana Has Never Made Less Sense: How Investors Could Benefit From A Change With projections that the cannabis market will eventually near $40 billion by 2025 seeming, if anything, low, it's time for a new policy, like the one that has sparked sports gambling's rise.
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Is Vaxart Stock Worth A Look After 40% Decline Over The Last Month? Vaxart stock dropped 16% over the last five trading days, significantly underperforming the S&P 500 which gained about 1% over the same period. The stock is also down by about 40% over the last month (twenty-one trading ...
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Dow Jumps 100 Points As Tech Stocks Recover-But Experts Don't Think The Selloff Is Over Tesla, Twitter, Amazon and Apple are all soaring.
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$1,400 Stimulus Checks Are Almost Here--How To Know If You're Eligible The payments could hit millions of bank accounts this month.
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Tech Retreat Stalls, But For How Long? Falling Yields, Dollar Come To Market's Aid The key to this market is the first and last hours of the day. Things are starting off better, but can the rally hold? We've had a lot of trouble holding rallies recently. Big selloffs in the final hour have been happeni...
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America Is Transforming Before Our Eyes

Forbes - 9 Mar 2021 16:14
America Is Transforming Before Our Eyes Have you watched the news lately? A new Covid strain, stories of botched vaccine rollouts, political turmoil, the list goes on and on. On the surface, it seems like nothing but doom and gloom.
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