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Market News

Location American Market News for 19 May 2021

Canadian Railroad Plays Russian Roulette

Wall Street Journal - 19 May 2021 13:33
Canadian National's risky bid for Kansas City Southern draws ire of large shareholder TCI--for good reason.
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Oatly Prepares to Price IPO Amid Stock-Market Declines

Wall Street Journal - 19 May 2021 22:32
The celebrity-backed Swedish oat-milk maker will be the latest test for the slowing market for initial public offerings.
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Did Ether Enter A Bear Market After Losing More Than 50% Of Its Value? Ether prices have suffered some sharp volatility lately, declining to roughly $1,900, down more than 50% from their all-time high. Did the digital token fall into a bear market?
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CEOs Are The Most Confident They've Been In 45 Years Despite Inflation And Worker Shortage Fears A new survey finds only 1% of CEOs think economic conditions will get worse.
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Bitcoin Has Fallen More Than 50% From Its All-Time High--What's Next? Bitcoin prices have declined sharply lately, dropping to almost $30,000. However, the digital asset recovered. What will it do in the coming days and weeks?
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Home-Improvement Retailers Raise the Roof

Wall Street Journal - 19 May 2021 18:28
Sales trends at Home Depot and Lowe's have proven that the sales surge in home improvement is driven by much more than just pandemic boredom.
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Unable to pay credit card bill before due date? Here's what you should do Non-payment of the minimum amount due would also adversely impact the credit score of the cardholder
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A company worker ponders over expenses as the pandemic rages Covid has changed Devendra Vijay's perspective about money and made him appreciate the meaning of family
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Is Coinbase Stock A Good Buy Now?

Forbes - 19 May 2021 18:00
Is Coinbase Stock A Good Buy Now? In 2020, transaction fees from trading and storage services accounted for approximately 90% of the company's revenue.
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Artificial Intelligence Identifies Amyris And Kirby Corp As Top Shorts As Growth Stocks Drop The major indices have all traded in the red. But, if you're looking for a way to play this market, the deep learning algorithms at Q.ai have crunched the data to give you a set of Top Shorts.
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If Bitcoin Breaks This Key Level It Will Go Into A Death Spiral It's alarmingly straightforward to see how bitcoin could totally implode right now if it moves quickly from one technical pivot point to the next as its narrative unravels.
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Crexendo Among Today's Top Buys As Major Indices Plummet Bitcoin plunged, and the uncertainty behind growth stocks intensified as the Dow, S&P 500, and Nasdaq all slid. Make the most of this market with today's Top Buys.
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Bitcoin Selloff Undermines Case for Cryptocurrencies

Wall Street Journal - 19 May 2021 17:15
The usefulness of bitcoin and other cryptocurrencies as actual currencies took a hit along with their prices this week.
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Student Loan Refinancing Just Got Absurdly Cheap Student loan refinancing rates are at record lows. Here's how to get a lower rate.
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Sonos Stock: Buy The Dip?

Forbes - 19 May 2021 16:30
Sonos Stock: Buy The Dip? Sonos (NASDAQ: SONO), a company best known for its multi-room speakers and home theater systems, saw its stock decline by about 3% over the last week (five trading days) and has moved by about -15% over the last two week...
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Why Is Coinbase Stock Trending Lower?

Forbes - 19 May 2021 16:00
Why Is Coinbase Stock Trending Lower? Coinbase stock declined by about 4% in Monday's trading and fell further by about 3% in the post market session to about $240 per share, falling below the $250 IPO reference price. The stock is now down by over 25% over ...
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Everything Holding Up Biden's Infrastructure Bill Republicans and the White House appear far from a deal.
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Is Diageo Stock Fairly Valued At $190?

Forbes - 19 May 2021 15:30
Is Diageo Stock Fairly Valued At $190? After rising 21% in the last six months and more than 5% in the last one week, Diageo stock, which now trades at $190, seems to have reached its near term potential. The successful rollout of the vaccination program and ...
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How Carnival Stock Benefits From CDC's Updated Mask Guidance, Vaccinations For Children Carnival stock has surged by about 10% over the last two trading days, as the U.S. Centers for Disease Control and Prevention noted that fully vaccinated people can stop wearing masks outdoors and in most indoor settings...
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1Q21 Earnings Reveal Plenty Of Upside In Amgen, McDonald's And Colgate-Palmolive I'm reiterating three Long Ideas that have underperformed the S&P 500 since my original reports: Amgen, Inc (AMGN), McDonald's Corporation (MCD), and Colgate-Palmolive Company (CL).
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Cryptocurrency Weakness, Inflation Fears, Slowing Momentum Gang Up On Wall Street China's new tighter regulations on cryptocurrency appeared to hit Wall Street early on, with bitcoin falling to three-month lows. But that's not the only thing pressuring the market. Rising inflation fears are another. W...
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Does Cedar Fair Stock Remain A Good Bet Despite 150% Surge? We believe Cedar Fair stock is a good opportunity at the moment. FUN stock trades close to $47 currently and is, in fact, still down 16% since the beginning of 2020 when it traded at around $55. The stock was at $54 in F...
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