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Market News

Location American Market News for 18 March 2021
Debt Collectors Can Seize Your Stimulus Check -- Unless This Happens Stimulus checks can't be taken by debt collectors, Democrats say.
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Has Bitcoin Been Building Strong Support Above $50,000? Bitcoin surpassed $50,000 for the first time this year, and has been trading north of this price level since March 8. Several market experts offer technical analysis on the digital currency.
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Dollar Stores Deserve a Break

Wall Street Journal - 18 Mar 2021 20:12
Dollar General gave muted guidance for 2021, but there are plenty of tailwinds that should help its main customer base.
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What to Know About the New IRS Tax Deadline

Wall Street Journal - 18 Mar 2021 01:44
The Internal Revenue Service is again offering relief to individual tax payers, delaying by about a month the deadline for filing and paying 2020 tax returns.
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CEO Of Fintech Lender Now A Billionaire After Shares Soar 89% In One Day A blockbuster earnings call sent shares of the newly public Upstart Holdings on a crazy big upswing.
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Insurance Giant Chubb Offers to Buy Rival Hartford

Wall Street Journal - 18 Mar 2021 23:31
Chubb, one of the nation's biggest, oldest and best-known property-casualty insurers, has made a preliminary proposal to acquire Hartford Financial Services, another storied name in the industry.
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Dollar General Has The Capacity To Become A 30,000 Unit Retailer Dollar General is stepping up to the plate in broadening both its consumables and non-consumable items. They have expanded cooler equipment to deal with perishable items, as well as offering "better for you" products at ...
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Watch the original live event by clicking on the link below
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Oil Prices Fall on Fresh Fears of Dwindling Demand

Wall Street Journal - 18 Mar 2021 23:05
Oil prices fell more than 7% on Thursday, recording their biggest one-day drop since September as traders weighed signs that demand in Europe could falter and data showing that crude remains plentiful.
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Biden Cancels $1 Billion Of Student Loans

Forbes - 18 Mar 2021 18:16
Biden Cancels $1 Billion Of Student Loans Student loan cancellation is here.
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Goldman Sachs Is Vying for JetBlue's Credit-Card Business

Wall Street Journal - 18 Mar 2021 17:42
Goldman Sachs is talking to JetBlue Airways about taking over its credit-card program, the latest effort from the Wall Street firm to push deeper into consumer finance.
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What To Do In An Overvalued Market

Forbes - 18 Mar 2021 17:33
What To Do In An Overvalued Market Most investors are familiar with overvalued stocks that trade too high against the relative market or earnings outlooks. Here's what Q.ai recommends you do when that happens.
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The deal values Relativity at about $3.6 billion and will make Silver Lake its largest shareholder.
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Top Stocks To Short Today As Investors Buckle Up For Bond Yields Growth stocks opened the day with significant losses as the 10-year yield climbed to its highest level since last January. But Q.ai's deep learning algorithms have assessed the data to bring you today's best short plays.
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Top Stocks To Buy Today As Rising Bond Yields Spook Investors As investors weighed all of this week's moving pieces, the Dow Jones traded flat, the S&P fell by 0.6%, and the Nasdaq dropped 1.3%. Meanwhile, Q.ai's Artificial Intelligence has crunched the numbers to bring you today's...
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How Deal Making Caught Up With Lex Greensill

Wall Street Journal - 18 Mar 2021 17:02
Greensill Capital was in the staid business of matching risk-averse investors with safe, short-term loans. Lex Greensill, though, often preferred more complicated investments in speculative ventures.
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5G Spectrum Auction Winners: Maybe Not Who You Think The results are in for the most expensive wireless spectrum auction in US history: $81.14 billion, plus about $13.2 billion for relocation costs and incentive payments. As expected, Verizon Communications was the biggest...
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Will AstraZeneca's Covid-19 Troubles Help Pfizer Stock? AstraZeneca's Covid-19 vaccine was seen as key to fighting the pandemic globally, given its low cost and easy distribution, but its roll-out and uptake haven't exactly been smooth. The shot was recently suspended from us...
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Dow Tests New High, But Tech Stocks Sink Again As Treasury Yields Spike Further The booming trade that lifted technology and consumer staples stocks is unwinding.
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Can Electronic Arts Stock See Even Higher Levels? Going by the valuations, Electronic Arts Stock looks attractive at current levels of $131, in our view. EA stock is up only 19% from the pre-Covid levels of $110, slightly outperforming the S&P which has moved 17% since ...
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Fed Waves Green Flag, But Yields Flashing Red: Market Under Pressure On Rate Fears It's not unusual to have a bit of uncertainty for a day or two after a Fed meeting, and that seems to be the case today. The rise in the 10-year yield to as high as 1.75% overnight has stretched the spread between the sh...
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When switching to direct funds, keep taxation in mind When investing in a direct plan or a fund that you think is better than the previous one, you can invest a lump sum amount instead of doing a systematic investment plan or SIP
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