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Market News

Location American Market News for 28 May 2021

The Safe, High-Return Trade Hiding in Plain Sight

Wall Street Journal - 28 May 2021 17:00
One retirement consultant calls I bonds 'the best-kept secret in America.' Right now they're yielding over 3.5%, nearly risk free.
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Pick Delta Over Southwest Airlines Stock To Extend Gains? The shares of Delta Air Lines are trading at 20% below pre-Covid levels while its peer Southwest Airlines stock is up by 5%. After two rounds of payroll support, the U.S. government initiated a third phase in Q2 as huge ...
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Biden Budget Omits Broad Student Loan Forgiveness--Here's Where Things Stand In Washington On Relief With the pause in repayment of federal student loans due to end Sept. 30th, the issue is very much still alive, even if it's not baked into the budget.
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What Biden's Budget Means For Your Student Loans Here's what you need to know -- and what it means for your student loans.
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The Streaming Wars Are Entering Their Final Season Time Warner is merging with Discovery and the rest of the media landscape has to react.
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Individual Investors Push AMC's Yearly Gain Toward 1,200%

Wall Street Journal - 28 May 2021 19:41
Shares of AMC Entertainment Holdings have soared 125% this week, with investors' enthusiasm building anew on social media.
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White House Releases Biden's $6 Trillion Budget--Here's What's In It The President wants to spend trillions to modernize American infrastructure and shore up support for children and families, paid for with tax hikes on corporations and the ultra-wealthy.
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Yes, Your Waiter Might Be Using Marijuana

Wall Street Journal - 28 May 2021 19:38
Quest Diagnostics released its drug-testing index, which showed that hospitality workers are much more likely to have failed marijuana drug tests. Maybe employers should lighten up.
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Inflation Takes Its Cut

Wall Street Journal - 28 May 2021 17:25
Americans continue to spend more, but rising prices are cutting into how much they actually buy.
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Blink Charging Co And Boxlight Corp Among Today's Top Shorts The Dow Jones gained 150 points, the S&P 500 rose 0.4%, and the Nasdaq popped 0.4%. Meanwhile, Q.ai's artificial intelligence has assessed each firm to find the best short plays.
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Donaldson Co Inc And Emerson Electric Co Among Today's Top Buys The Dow and S&P 500 are up more than 1% week to date, and the Nasdaq has led the way this week gaining 2.3%. Make the most of this market with today's Top Buys.
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Welbilt Gets $3.3 Billion Bid From Italy's Ali Group

Wall Street Journal - 28 May 2021 16:29
The food-service-equipment maker agreed in April to sell itself to rival Middleby.
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Ex-Dividend Reminder For Schlumberger

Forbes - 28 May 2021 16:27
Ex-Dividend Reminder For Schlumberger On 6/1/21, Schlumberger will trade ex-dividend, for its quarterly dividend of $0.125, payable on 7/8/21. As a percentage of SLB's recent stock price of $31.39, this dividend works out to approximately 0.40%.
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Halliburton About To Put More Money In Your Pocket On 6/1/21, Halliburton will trade ex-dividend, for its quarterly dividend of $0.045, payable on 6/23/21.
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Buy Asset Managers To Ride The Bull Market

Forbes - 28 May 2021 16:17
Buy Asset Managers To Ride The Bull Market Few sectors benefit as directly from a rising stock market as asset managers. Not surprisingly, a bullish market tends to lead to greater assets under management (AUM), and in turn, greater profits for those firms that m...
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What's Happening With Airbnb Stock?

Forbes - 28 May 2021 16:00
What's Happening With Airbnb Stock? Airbnb stock (NASDAQ: ABNB) has declined by about 25% over the last month, trading at about $135 per share currently. Below are a few recent developments for the company and what it means for the stock. Airbnb posted a s...
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Despite Hotter-Than-Forecast PCE Data, Investors Seem To Focus On Economic Optimism This morning, as investors contemplate heading for the exits for a holiday weekend, the market seems to be focused more on the positive economic recovery narrative rather than worries about inflation.
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Stocks To Play Rising Inflation: Travelers, Exxon, U.S. Bank Inflation has been trending higher, driven by expansionary monetary policy by central banks, pent-up demand for commodities following the Coivd-19 lockdowns, moves by companies to replenish or build up inventory, and als...
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Emergent, ACADIA, Vertex: These Oversold Healthcare Stocks Are Worth A Look Our theme of Out Of Favor Health Care Stocks includes healthcare and pharma stocks that have done reasonably well financially in recent years, although their stock prices have declined or underperformed due to setbacks i...
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Artisan Partners' Cash Flow Increases The Safety Of Its Dividend Yield Nine new stocks make our Safest Dividend Yields Model Portfolio this month. Get a free look at one of the stocks in this month's portfolio.
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Despite lockdown, travel credit card demand grows stronger Of the total applications, 25.6% were for travel credit cards last financial year.In FY20, it accounted for 17.13% of the total applications
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Is Jabil Stock Still A Buy?

Forbes - 28 May 2021 15:00
Is Jabil Stock Still A Buy? Earlier this year, we wrote about how Jabil, a manufacturing services company that counts Apple as its largest customer, was a relatively undervalued play on the growth of Apple's iPhone business. The stock is now up by ...
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