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Location American Market News for 27 May 2021
Gap raised its sales outlook for the full year, building on the momentum of its namesake banner in North America.
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Judge Allows Robinhood Case to Proceed

Wall Street Journal - 27 May 2021 22:06
A Massachusetts judge denied the online brokerage's motion for a preliminary injunction in a case involving state securities regulators. The ruling allows regulators' customer-protection complaint against Robinhood to pr...
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AMC Surges Past January High As Reddit Traders Fuel Another Massive Short Squeeze Shares of the world's largest movie theater chain skyrocketed as much as 50% Thursday, pushing gains past 1,300% this year alone.
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Luxury Goods Sales Projected To Recover To 2019 Levels This Year Consultancy firm Bain & Company believes there's a 30% probability that the luxury market could meet or exceed $340 billion in sales of high-end items such as apparel, handbags and jewelry, which would be the most in two...
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Despite A 7x Rally Owens & Minor Stock Will Likely Continue Higher The stock price of Owens & Minor, a global healthcare logistics company, has seen a stellar 36% move in a single trading session on May 26, 2021. This can be attributed to the company's long term guidance of $12 billion ...
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AI Identifies Intel Corporation Among Today's Trending Stocks Q.ai runs daily factor models to get the most up-to-date reading on stocks and ETFs. Today, our deep-learning algorithms have identified Intel Corporation and Nordstrom among others.
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Here are five problems with bitcoin that will cause it to fail eventually The advantages that bitcoin might have will erode when fiat money becomes fully digital
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Are curated portfolios better for global investing?

livemint.com - 27 May 2021 18:29
Are curated portfolios better for global investing? Indian investors looking at international diversification and better returns but are less familiar with investing in US securities are increasingly looking at curated portfolios of stocks and ETFs that aim to simplify in...
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Nvidia's Cryptocurrency Puzzle Gets Less Vexing

Wall Street Journal - 27 May 2021 18:24
The chip maker's strength in gaming and data centers should better contain the risk to its results stemming from crypto-mining.
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6 Reasons Apple Is Dead Money

Forbes - 27 May 2021 18:11
6 Reasons Apple Is Dead Money There are at least six reasons that the shares have stalled, with one theme being the company is doing so well it has a tough act to follow.
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Big Oil's Tough Clean-Energy Transition

Wall Street Journal - 27 May 2021 18:10
As pressure on the petroleum industry to decarbonize keeps building, U.S. oil companies that look at their more forward-thinking peers across the Atlantic for inspiration will find some lessons, but not easy ones.
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Focus on financial aspects, not animus during divorce It is better to focus on rebuilding lives after separation than fighting over assets, say lawyers
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Amyris Inc And Blink Charging Co Among Today's Top Shorts Jobless claims fell to yet another pandemic-era low, and cyclical stocks popped while the rotation out of tech continued for another day. Meanwhile, Q.ai's Artificial Intelligence systems have assessed each firm to find ...
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Hong Kong Warns Banks Against Dealing With Jimmy Lai

Wall Street Journal - 27 May 2021 17:31
Hong Kong's security chief told units of Citigroup and HSBC that their employees could face jail time if they deal with the accounts or assets of the pro-democracy newspaper owner.
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Last Time Investors Were This Bearish, Stocks Soared No doubt, there is a lot to be worried about right now in the financial world.
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The Dehumanization Of The Non-Zoom Worker

Forbes - 27 May 2021 16:34
The Dehumanization Of The Non-Zoom Worker Daniel Wasik, one of millions of America's skilled laborers, entered America's gig economy made up largely of contract workers during the Covid-19 pandemic.
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Unintended Consequences - Government, Investor And Social Policies Rule The Day The unintended consequences of government, investor, and social policies will lead to higher inflation for the consumer.
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Company Of The Day: Exxon Mobil

Forbes - 27 May 2021 16:10
Company Of The Day: Exxon Mobil Activist fund Engine No. 1 - which has been pushing Exxon Mobil (NYSE:XOM) to invest more in renewables and shift away from fossil fuel - won at least two board seats at Exxon's annual shareholder meeting held on Wednesd...
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Shareholders Rebuke ExxonMobil On Climate, In A Wake Up Call For Big Oil In a historic rebuke of CEO Darren Woods' lackluster attempts to ameliorate ExxonMobil's vast carbon footprint, shareholders at the company's annual meeting yesterday voted to replace two of their 12 board members with n...
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Don't Count Novavax's Covid-19 Vaccine Out Just Yet Novavax stock lost almost a third of its value over the past month driven by the company's announcement that it would delay seeking Emergency Use Authorization of its Covid-19 shot in the U.S., U.K., and Europe to the en...
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Airbus's announcement that it will increase production is an important signal for hard-hit aerospace suppliers.
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Forecast Of The Day: Lululemon's Direct To Consumer Revenues Lululemon (NASDAQ:LULU) Direct to Consumer Revenues doubled from $1.14 billion in 2019 to $2.28 billion in 2020 and Trefis expects the number to grow incrementally to $2.51 billion in 2021...
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