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Market News

Location American Market News for 1 June 2021

Why Li Auto Stock Could Rally Further

Forbes - 1 Jun 2021 15:00
Why Li Auto Stock Could Rally Further Chinese electric vehicle maker Li Auto's (NASDAQ: LI) stock rallied by about 18% over the last two trading days, following the company's Q1 2021 earnings release. While the results were reasonably strong, they weren't ex...
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JPMorgan Chase A Top 25 Dividend Giant With $62.11B Held By ETFs JPMorgan Chase has been named as a Top 25 ''Dividend Giant'' by ETF Channel, with a staggering $62.11B worth of stock held by ETFs
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U.S. Bancorp Stock Is Trading Above Its Near-Term Potential Having gained more than 100% since the March 23 lows of last year, at the current price near $61 per share, we believe U.S. Bancorp's stock is trading above its near-term potential. The bank has seen its stock increase f...
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KKR, CD&R Near Deal to Buy Cloudera

Wall Street Journal - 1 Jun 2021 03:21
The private-equity firms are close to a deal to buy Cloudera Inc. and take the software company private, according to people familiar with the matter.
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Zoom sees revenue growth slowing in the full fiscal year after the pandemic drove a blistering expansion in the video-calling business.
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Vanguard Dividend Appreciation ETF And iShares Russell 2000 ETF Ranked Top ETFs This Week Q.ai's deep learning algorithms have identified several ETFs to look out for this week based on their fund flows over the last 90-days, 30-days, and 7-days. Diversify your portfolio with these top picks.
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Invesco QQQ Trust And Vanguard Value ETF Among Top Monthly ETFs Q.ai's deep learning algorithms have identified several Top Buy ETFs for the month based on 90-day, 30-day, and 1-week fund flows. Invesco QQQ Trust and Vanguard Value ET are among them.
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The Race For Copper, The Metal Of The Future Copper will remain the most widely used metal in renewable energy technologies. Compared to aluminum, nickel and zinc, its importance is rated high for most new energy-related projects.
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Amazon's Big Pandemic Investment Spending Helped Set The Stage For Economic Recovery, Report Argues The ecommerce giant spent nearly $34 billion on domestic investment last year, more than double the runners up: Verizon at $16.1 billion and AT&T at $15.6 billion.
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GOLD Poised to Rebound with Historic Support Though mining concern Barrick Gold (GOLD) is retreating on the charts, the security's 40-day moving average could launch it higher.
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Manufacturing Surges, but Shortages May Persist

Wall Street Journal - 1 Jun 2021 19:25
With Covid-19 cases falling and the share of vaccinated Americans continuing to rise, it is difficult for manufacturers to say just how long the demand surge will last.
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Jim Justice Confirms Personal Liability on Greensill Loans

Wall Street Journal - 1 Jun 2021 19:15
West Virginia Gov. Jim Justice said he is personally liable for debt arranged by now-collapsed Greensill Capital, highlighting the pressure his family faces in turning around their sprawling coal-mining operations.
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WisdomTree U.S. MidCap Dividend Fund Ranked Top Smart Beta ETF The WisdomTree U.S. MidCap Dividend Fund is the only US Dividend Smart Beta ETF rated as "Best" this week. Q.ai has also recognized 5 as "Good" and 4 as "Caution."
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Best Buy And Salesforce.com Among Today's Trending Stocks Q.ai runs daily factor models to get the most up-to-date reading on stocks and ETFs. And our deep-learning algorithms have identified Best Buy and Salesforce.com among other trending stocks.
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Bet on Baseball, Learn About Investing

Wall Street Journal - 1 Jun 2021 18:09
Play our baseball betting game to test your understanding of risk and reward
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How much tax do you pay on equity investments?

livemint.com - 1 Jun 2021 18:02
How much tax do you pay on equity investments? Given that different equity assets have different tax rules, an investor must take a careful look at the suitability of an investment in terms of taxes too
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Hindu daughters have equal rights to ancestral property In your situation, the only legal heirs are yourself and your sister, who will have equal rights over the property. Yes, you can proceed against these third parties by seeking her consent
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Most of the world isn't expected to catch up with pre-pandemic economic forecasts anytime soon. Demand is a likelier culprit than supply.
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Company Of The Day: Salesforce.com

Forbes - 1 Jun 2021 17:00
Company Of The Day: Salesforce.com Salesforce.com (NYSE:CRM) posted a strong set of results for Q1 FY'22, with revenue rising 23% year-over-year to $5.96 billion. The company also raised revenue guidance for FY'22 to between $25.9 billion and $26 billion,...
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OPEC, Russia-Led Producers Agree to Pump More Oil

Wall Street Journal - 1 Jun 2021 16:46
A group of oil producers led by Saudi Arabia and Russia agreed to continue unwinding steep cuts they made at the start of the pandemic, as economic recoveries around the world boost demand for crude.
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Stocks This Week: Buy Moodys Corporation And Sell Short Carnival Cruise Lines Here are stock picks for this week.
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Robinhood Adds New Board Members to Advance IPO Push

Wall Street Journal - 1 Jun 2021 16:45
Appointments include former World Bank chief Robert Zoellick and its first female director, PricewaterhouseCoopers partner Paula Loop.
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