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Market News

Location American Market News for 29 June 2021
The recent failure of U.S.-based Archegos Capital Management could be a sign of how more investors might get tripped up by overreacting to inflationary risks, the global club of central banks warned.
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Deutsche Bank Stock Is Likely To Trade Sideways Deutsche Bank stock, a leading global investment bank, gained roughly 22% - increasing from about $11 at the beginning of 2020 to around $13 currently, outperforming the S&P500, which grew 14% over the same period. There...
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Facebook Rulings Leave Big Tech in Crosshairs

Wall Street Journal - 29 Jun 2021 02:13
The social-media giant's victory shows governments' big tech crackdowns aren't a slam dunk but remain a threat.
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S&P 500 Nabs Another Record High As Morgan Stanley, Goldman And Chipmakers Soar The tech-heavy Nasdaq also pulled off a new closing high.
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Here's Which States Received The Most From Recent $1,400 Stimulus Payments Almost $390 billion in relief money has been distributed to Americans since President Biden signed the American Rescue Plan In March.
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Dough-Not Buy Krispy Kreme's Overpriced IPO

Forbes - 29 Jun 2021 20:34
Dough-Not Buy Krispy Kreme's Overpriced IPO I think Krispy Kreme's stock is worth no more than $10/share and that JAB Holdings is looking to cash out at the expense of new investors.
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Contra funds a good bet to diversify portfolio, but keep the risks in mind Instead of timing the market, investors can supplement growth-oriented aggressive funds with contra schemes
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Didi IPO Pricing Imminent After Lightning-Round Roadshow

Wall Street Journal - 29 Jun 2021 19:24
The Chinese ride-hailing company is expected to price its IPO Tuesday and start trading Wednesday.
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No claim would stand if property transferred with family's consent In any case, the sisters cannot today claim any share in the property if the transfer was carried out by way of a valid registered document with the permission/no objection from the other family members
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Schumer Tells Biden To Cancel $50,000 Of Student Loans, But New Research Says Student Loan Cancellation Benefits Wealthy Student loan cancellation may not benefit everyone equally, according to new research.
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Bull Signal Says SPG Has More Room To Run

Forbes - 29 Jun 2021 18:00
Bull Signal Says SPG Has More Room To Run The shares of real estate concern Simon Property Group (SPG) have enjoyed a sunny year thus far, adding 53.9% in 2021 to hit a June 8, roughly two-year high of $136.70.
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Are The Cracks Begining To Show In The U.S. Housing Market? Our theme of Housing Stocks which includes the stocks of home builders, building products companies, and home improvement players, is up 21% year-to-date, ahead of the S&P 500 which is up by about 15% over the same perio...
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Fastly & Smartsheet: Mid-Cap Software Stocks Are Underperforming, But Not For Long Our theme of Mid-Cap SaaS Stocks includes software stocks that have a market cap of between $2 billion and $10 billion and have grown revenue by 50% or more over the last two years. The theme has underperformed considera...
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The electronic-trading platform agreed to pay a $2.75 million fine for failing to register as a broker-dealer.
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The Battle to Lure Back Premium Travelers Has Begun

Wall Street Journal - 29 Jun 2021 16:42
One reason for United Airlines' big move to renew its fleet may be the need to give its most lucrative clients a reason to leave home.
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What's Happening With BlackBerry Stock?

Forbes - 29 Jun 2021 16:40
What's Happening With BlackBerry Stock? BlackBerry (NYSE: BB), the smartphone pioneer that has since reinvented itself as a provider of cybersecurity and automotive software, has seen its stock price rise by over 20% over the last month. While the stock rallie...
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Prashant Jain defends PSU picks, says consumption sector extremely expensive HDFC Mutual Fund CIO highlights oil and gas PSUs, power utility companies and engineering companies continue to be undervalued
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AI Ranks American Airlines Group Inc Among Today's Top Shorts The S&P 500 is on track for its fifth straight positive month, and the Nasdaq could have its seventh positive month in eight. The Dow, however, is on pace to snap a four-month winning streak. Make the most of this market...
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Bristol-Myers Squibb Co Ranked Among Today's Top Buys The Dow Jones rose 170 points, the S&P 500 ticked up 0.1%, and the tech-heavy Nasdaq slipped 0.1%. Find opportunities in this market with today's Top Buys from Q.ai's artificial intelligence.
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SEBI reduces minimum application amount in REITs and InvITs Experts believe that it's a move in the right direction as it will help in better participation from investors and will improve liquidity
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Virgin Galactic Stock: Too High, Too Fast?

Forbes - 29 Jun 2021 16:10
Virgin Galactic Stock: Too High, Too Fast? Virgin Galactic stock (NYSE:SPCE) rallied by over 38% on Friday, with the stock now up by almost 107% over the last 21 trading days. The rally comes as the U.S. Federal Aviation Administration gave the company a full com...
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Why Plug Power Stock Is Likely To Continue Its Rally Plug Power, a company that sells hydrogen fuel cell systems that are used in the material handling and power backup space, saw its stock rally by over 9% last week (five trading days), outperforming the S&P 500 which was...
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