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Market News

Location American Market News for 30 April 2021
Wheaton Precious Metals: Here's A Stock With 30% Potential Upside WPM's stock had rallied from $24 to around $56 (its high point in the last one year of the pandemic) off its recent bottom compared to the S&P 500 which saw a rise of close to 90% from its March 2020 lows.
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Canola (Rapeseed) Exceeds Its Smoking Point As Prices Climb To Record Highs Diminished crop prospects from dry weather, especially in Canada, have turned rapeseed and canola markets on their heads, with prices at all time highs.
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The nature of technology platforms turns the law of large numbers on its head.
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Using Robinhood Could Cost You Thousands In Taxes, Here's Why While Robinhood's app may glitter, its lack of automated tax-saving options may cause you to lose out on a lot of gold. Free trades sound great, until you realize the price you pay for "free" could be thousands of dollar...
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What Do The Yearly Pivot Levels Say Now About 2021? As April draws to a close technical analyst Tom Aspray takes a look at the 2021 yearly pivot levels on four key market tracking ETFs.
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Corporate Virtue-Signaling Could Be Elevating Housing Costs The leap to bow down to corporate woke-ism may be backfiring.
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When to Give Inheritance Money to Your Kids

Wall Street Journal - 30 Apr 2021 19:00
Is it better to help your children when you're still alive? Or wait until after you die?
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Will News Corp's Stock Rebound After The Recent Drop? News Corp Stock (NASDAQ: NWSA), a diversified media company that includes news and information services, book publishing, digital real estate services, and subscription video services (in Australia), experienced almost a...
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The 90-year-old Buffett is taking the "Woodstock for Capitalists" to Los Angeles, marking the first time the annual meeting will take place outside of Omaha.
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What Happens When Stocks Only Go Up

Wall Street Journal - 30 Apr 2021 17:00
Losing your fear of bear markets can lead to complacency--and new risks
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Large institutional investors are demanding that the conglomerate bring in new directors and provide more disclosures on climate risks and executive pay.
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Top Stocks To Short Today Amid Amazon's $8.1 Billion Profits Report Amazon was the final major tech stock to report earnings and crush them. Still, the Dow fell 150 points, the S&P 500 dropped 0.6%, and the Nasdaq slipped about 0.75%. Find opportunities with today's best short plays from...
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Credit Suisse Gets the Fixer It Needs

Wall Street Journal - 30 Apr 2021 16:35
News that Credit Suisse's risk committee has a new leader is reassuring for investors. The way the change happened isn't. New Chairman António Horta-Osório has his work cut out.
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Legal heirs can land in trouble if they don't file income tax returns of deceased According to Section 159 of the Income Tax Act, 1961, if a person dies, the legal representative shall pay the tax due just like the deceased would have file it if he or she was alive.
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Is Comcast Stock A Buy At $54?

Forbes - 30 Apr 2021 16:00
Is Comcast Stock A Buy At $54? The gradual lifting of lockdowns and successful vaccine rollout led to expectation of recovery in the company's theme parks and studio businesses.
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Nestlé's New Growth Pill Needs Extra Ingredients

Wall Street Journal - 30 Apr 2021 15:57
The Swiss food giant is buying supplement specialist Bountiful from KKR for $5.75 billion--a reasonable price, reflecting the overhaul required.
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Sputnik Campaign Fails to Launch in Hungary

Wall Street Journal - 30 Apr 2021 15:52
Hungarians clamor for western Covid-19 vaccines despite disinformation campaign to boost Sputnik V.
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Technology shares may be among the weakest performers after the opening bell.
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Does SAP's Stock Have An Upside After Recent Rally? In Q1 2021, SAP saw its revenue grow by 4.7% y-o-y to $7.5 billion led by the Software Licenses segment which grew by 15.2% y-o-y and the Cloud Subscriptions and Support segment which grew by 14.8% y-o-y. The earnings in...
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Vaccine Passports: Just The Ticket Or A Ticket To Nowhere? Disasters, wars, and pandemics should be times in which everyone works together against the common threat. We're all in the same boat, so to speak.
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4 Things Investors Can Learn From Jockeys To Improve Their Track Record The Kentucky Derby will be run tomorrow, the first Saturday in May, as is it's tradition. There is a lot of tradition on Wall Street, and in the process of investing one's hard-earned wealth. And, as a fan of both invest...
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South Korea Is Doing It Again: Confounding The Skeptics Korea has joined China in returning to its pre-Covid growth levels. "Teflon Korea" is again proving the bears wrong by beating forecasts and growing an annualized 1.6% in the first three months of the year.
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