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Market News

Location American Market News for 10 May 2021
Virgin Galactic delivered first quarter results after the market closed on Monday.
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AI Ranks USLB Best Smart Beta ETF

Forbes - 10 May 2021 22:43
AI Ranks USLB Best Smart Beta ETF The first ETF scored Best for the week according to Q.ai's AI systems is the Invesco Russell 1000 Low Beta Equal Weight ETF. Our deep learning algorithms have crunched the numbers to bring you this month's top US Tech Sm...
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The operator of a platform that uses machine learning, simulations and genetics to optimize plant growth, Benson Hill is combining with a special-purpose acquisition company in a deal that values it at $2 billion.
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Is Credit Suisse Stock Fairly Priced?

Forbes - 10 May 2021 15:00
Is Credit Suisse Stock Fairly Priced? Credit Suisse stock (NYSE: CS), the second-largest Swiss bank after UBS, lost roughly 20% - decreasing from about $13 at the beginning of 2020 to around $10 currently, underperforming the S&P500, which grew 12% over the ...
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Roblox revenue grew 140% in the company's first earnings report since it went public.
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Colonial Pipeline Attack Highlights Additional Obstacles

Wall Street Journal - 10 May 2021 21:36
Fuel prices are already high, for reasons unrelated to gasoline supply. A prolonged shutdown of Colonial's line could make for an expensive summer for drivers.
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Price Check: Inflation Data This Week Could Give New Hints At Economy's Path Last Friday's jobs report may have been disappointing from an economic perspective, but also could take some of the pressure off the Fed. Also, remember that one data point is never conclusive.
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Shoppers' Pockets Bound To Take A Hit

Forbes - 10 May 2021 23:58
Asset inflation is only a precursor for inflation that we will soon see in our day-to-day spending.
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Mortgage Startup Better to Go Public in SPAC Merger

Wall Street Journal - 10 May 2021 23:11
The lender plans to merge with a blank-check company sponsored by investment firm Novator Capital, in a deal valuing Better at roughly $7 billion pre-money, according to people familiar with the matter.
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No Country Has Ever Taxed Itself Into Prosperity Violent protests have erupted in the streets of Colombia, triggered by proposed reforms to the South American country's tax system. Is there a lesson here for the U.S.?
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AI Identifies ARK Innovation Among This Week's Trending ETFs While last week was full of major corporate earnings and a Federal Reserve meeting, this week is no different with another flurry of corporate earnings. Investors may consider this week's top ETFs from Q.ai's deep learni...
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HDFC's equity MFs play catch-up in FY21, but will the gains sustain? After years of underperformance, the AMC's funds with a focus on value stocks have regained some lost ground
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The challenges that taxpayers face on PF and NPS

livemint.com - 10 May 2021 21:56
The challenges that taxpayers face on PF and NPS The govt's stated intent is to rationalize tax-free income on EPF accounts
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Have Ether Prices Become Overheated After Their Latest Gains? Ether prices recently surpassed $4,000, hitting a fresh, all-time high? Has the digital asset become overheated? Fundamental analysts weigh in.
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Elliott Management Has Stake in Duke Energy

Wall Street Journal - 10 May 2021 20:02
The activist investor is pushing the utility to add directors to its board and possibly take other actions to boost its stock price, according to people familiar with the matter.
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Macroeconomic Uncertainty To Weigh On Chevron Stock Chevron Corporation (NYSE: CVX) along with other integrated and upstream companies have been focusing on capital conservation measures to assist shareholder returns.
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Investors Come Un-Hinged For Cyclicals - Finding Value In The Economic Re-Opening! It's no secret that investors have decided in 2021 that re-opening the economy means that cyclical stocks are the favorite investment vehicle. But are they?
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Citrix Systems Stock To Rise After Fall Post Earnings? Citrix Systems (NASDAQ: CTXS), is a software company which provides server, application and desktop virtualization, networking, software as a service, and cloud computing technologies.
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Tone At The Top: Where Does Diversity Begin? Diversity within organizations is so much more than a policy or a job title. It is culture, atmosphere, and environment. To be fully embedded in the DNA and fabric of the organization, the tone at the top must be consist...
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Janet Yellen Forgets How To Do Fedspeak (Or, What's That Floating In The Punchbowl?) Janet Yellen blundered in commenting on interest rates.
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Adobe's Stock To Continue Its Rally?

Forbes - 10 May 2021 18:30
Adobe's Stock To Continue Its Rally? ADBE's stock grew from $175 at the end of Dec 2017 to $491 now, compared to the S&P 500 which gained 55% since the end of 2017.
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Ethereum, Cardano And These Other Surging Cryptocurrencies Are Propelling The Market To $2.5 Trillion Bitcoin's down 1% over the past week, but a slew of other top tokens--including ether, cardano and dogecoin--are up as much as 41%.
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