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Market News

Location American Market News for 10 March 2021
Is Expedia Stock Worth A Look After An 18% Gain? Expedia's stock, a travel company providing everything from airline tickets, hotel rooms, car rentals, to cruises, has increased by almost 18% over the last twenty-one trading days (one month) and currently stands at aro...
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JPMorgan Jumps Into Greensill Fray, Hindering Apollo Talks

Wall Street Journal - 10 Mar 2021 02:14
The bank is teaming up with Taulia, a technology platform that was a main source of customers to Greensill. JPMorgan would provide $3.8 billion to fund deals to the former Greensill clients on Taulia's platform
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NetApp Stock Could Jump Back Up To Recent Highs Despite rising almost 80% from its low in March 2020, at the current price of $62 per share, we believe NetApp stock has significant upside potential. NetApp stock has increased from $35 to $62 off the recent bottom, a l...
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Despite the pandemic's crushing toll on the economy, total state-tax revenues were roughly flat in 2020 from the year before, aided by stimulus checks and the stock-market recovery.
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Volatility Hits the Sizzling SPAC Market

Wall Street Journal - 10 Mar 2021 00:12
Shares of technology firms and special-purpose acquisition companies surged, rebounding after a weekslong streak of declines that pushed some popular SPACs down 20% or more in a month.
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Soaring DraftKings Stock Makes CEO Jason Robins A Billionaire The online sports betting giant wowed investors with its bullish forecasts, minting its second billionaire while pushing two co-founders to $500 million.
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Labor Department Stays Enforcement of ESG Rule for 401(k)s

Wall Street Journal - 10 Mar 2021 23:50
Wall Street has been lobbying against the Trump-era measure that makes it tougher for the plans to invest in environmental, social and governance-focused funds.
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Dow Jumps Nearly 500 Points After House Passes Biden's $1.9 Trillion Stimulus The Dow closed at a record high Wednesday.
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Federal Cannabis Legalization Has Appeal, But State Regulations Have Results When it comes to federal involvement in cannabis legalization, policymakers must consider the progress made in the states and how it could help mitigate nationwide legalization challenges.
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House Passes $1.9 Trillion Stimulus Bill, Biden Will Sign It Into Law On Friday $1,400 stimulus checks and $300 weekly unemployment benefits are now one step closer.
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Roblox Valuation Hits $42 Billion As Gen-Z Gaming Giant Skyrockets 50% In Public Market Debut Two-thirds of kids in the U.S. between the ages of 9 and 12 use Roblox, the company says.
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Bull Signal Flashing For Chemical Stock

Forbes - 10 Mar 2021 20:37
Bull Signal Flashing For Chemical Stock The shares of chemical company DuPont de Nemours (DD) have been cooling off recently, pulling back after the stock notched a Jan. 22 two-year peak of $87.27 - its highest level since October of 2018.
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Smith & Wesson Brands Continues Strong Momentum In 3Q; Raise Target Price To $22 (NASDAQ Global Select: SWBI, $18.09, Market capitalization: $963.3 million), a leader in fi rearm manufacturing and design, reported robust 3Q21 results, beating the consensus revenue and EPS estimates comprehensively.
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More Jobs, Less Inflation?

Wall Street Journal - 10 Mar 2021 19:25
A better labor market might actually alleviate some inflationary pressures in the months ahead.
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Why GE Is Doing a Reverse Stock Split and What It Means for You

Wall Street Journal - 10 Mar 2021 18:51
Companies can increase perceived value by raising their share price and reducing shares outstanding.
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U.K. metals tycoon Sanjeev Gupta has hired a trio of financing and restructuring advisers to help his GFG Alliance group of companies negotiate with its main creditor, Greensill Capital, and raise fresh funding.
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Goldman Sachs Unveils $10 Billion Push to Invest in Black Women

Wall Street Journal - 10 Mar 2021 18:47
Major financial firms are reckoning with their own historical role in withholding loans from people of color.
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Lebanon's Debt-Resolution Challenges Continue, One Year On From Default A year after Lebanon's first sovereign default, the situation in the country has deteriorated sharply.
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Cash From Trash: These Shunned Dividends Could Grow 50%+ There's a quiet shift happening in the market, and we're going to tap it for some big, and growing, dividends, plus serious price upside, too.
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Top Stocks To Short Today As The Comeback Continues As tech continues to make a sharp comeback, Q.ai's Artificial Intelligence has assessed the data to bring you today's top short plays.
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Is The Trade Desk Stock A Buy At $650?

Forbes - 10 Mar 2021 18:00
Is The Trade Desk Stock A Buy At $650? The stock price of The Trade Desk, an ad technology player that helps companies buy digital ads across publishers, has rallied by over 3.5x from the lows of March 2020 when the broader markets made a bottom due to the sp...
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Top Stocks To Buy Today As The Dow Surges And Tech Gains More As the Nasdaq's NDAQ comeback continues and the Dow Jones surges, Q.ai's deep learning algorithms have crunched the numbers to bring you today's top buys.
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