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Market News

Location American Market News for 26 March 2021
WeWork Will Go Public Via SPAC Deal At $9 Billion Valuation--Less Than 20% Of Its 2019 SoftBank Valuation The flexible coworking startup will merge with BowX Acquisition Corp.
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U.S. Steel Stock Up 175% In Six Months - Patient Investors To Still Benefit U.S. Steel stock has shot up an eye-popping 175% in the last six months (126 trading days) and now trades at over $19. After the stock saw a sharp fall in early 2020 with the outbreak of the coronavirus pandemic leading ...
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Push to Replace Libor Intensifies

Wall Street Journal - 26 Mar 2021 22:28
World's largest banks and regulators are set to abandon the benchmark by year-end, but lenders have been slow to switch.
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April Outlook: Growth Vs. Value Face-Off Grips Market As Yields, Virus Progress Eyed Year-to-date, value stocks have been outpacing growth. Whether that trend continues in April could depend on Treasury yields and the pace of vaccination progress.
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Payday Might Be Coming for U.S. Bank Investors

Wall Street Journal - 26 Mar 2021 20:00
The Federal Reserve's decision to roll back bank payout restrictions isn't without its complexities, but it is mostly a return to normal for buyback decisions.
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AI's Take On The Overvalued Freeport-McMoRan Inc Stock Freeport appears to be undergoing a necessary correction on its overvalued stock prices. Here's what Q.ai has to say.
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41 Democratic Senators Ask Biden To Support Permanent Child Tax Credit And Earned Income Tax Credit The $1.9 trillion American Rescue Plan extended the credits for one year.
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Top Stocks To Short Today As Bank Shares Lead The Markets Bank shares are leading the way in what looks to be a green day. In the meantime, Q.ai's deep learning algorithms have crunched the numbers to bring you today's top shorts.
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Top Stocks To Buy Today As They Increase With Mild Inflation Data Today is looking like a green day. Q.ai's Artificial Intelligence has assessed each firm to find the best top buys.
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Suez Drama Delays the Arrival Date for Post-Pandemic Normal

Wall Street Journal - 26 Mar 2021 16:24
Congestion in supply chains is pushing up freight rates, rewarding ship owners like Maersk at the expense of global business.
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Tesla Versus the Taxman

Wall Street Journal - 26 Mar 2021 16:07
By encouraging customers to buy with bitcoin and exhausting its tax credits, Tesla could see its customers facing a far heftier tax bill.
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Rising Treasury Yields Help Pressure Growth Stocks; Economic Optimism Benefits Cyclicals The game of ping pong continues between growth stocks and those that stand to benefit from the reopening economy.
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Where Is WW International Stock Headed After The Recent Rise? WW International stock increased more than 65% over the last six months (126 trading days) and currently trades close to $30 per share. Although the company's studio business faced significant headwinds on account of Cov...
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Hidden Items Make General Electric's Earnings Look Much Better & Other Findings From The Real Earnings Season Unusual items in the filings of Ingersoll Rand (IR) and several other companies during the fourth week of The Real Earnings Season.
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These Transportation Stocks Are Better Buying Opportunities Compared To Norfolk Southern We believe that there are several transportation stocks that are currently better valued than Norfolk Southern. Norfolk Southern's current market cap-to-operating income ratio of 22x is much higher than levels of under 1...
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Victoria's Secret-owner L Brands has raised its profit outlook for the first quarter, citing a boost from government stimulus.
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Should You Buy Zynga Stock For Over 40% Gains? Zynga's stock gained over 56% - increasing from $6 at the beginning of 2020 to around $10 now, significantly outperforming the S&P500, which grew 19%. Why? Gaming companies, such as Zynga, have benefited in the current c...
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At $70, Citigroup Stock Doesn't Have Much To Offer After around a 100% rally since the March 23 lows of last year, at the current price near $70 per share, we believe Citigroup's stock has achieved its near-term potential. Citigroup, a leading global financial services h...
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Brazil's Central Bank Uses Payment Platform to Spur Competition

Wall Street Journal - 26 Mar 2021 13:00
The new payment system, dubbed Pix, is already handling a larger share of digital payments than private-sector alternatives.
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S&P 500 futures rise, pointing to further gains when markets open Friday
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Weak Demand Could Drive Seagate Stock Down To $60 Seagate stock (NASDAQ: STX) is up around 40% since the beginning of 2020, but at the current price of $71 per share, we believe that Seagate stock has around 15% potential downside. Why is that? Our belief stems from the...
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What's Happening With Carnival Stock?

Forbes - 26 Mar 2021 12:30
What's Happening With Carnival Stock? Carnival, the largest cruise operator, has seen its stock rise by about 15% since the beginning of 2021, trading at levels of around $25 per share currently. The gains are driven by a decline in Covid-19 cases and a high...
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