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Market News

Location American Market News for 30 June 2021
Bed Bath & Beyond on Wednesday reported mixed fiscal first-quarter results, as sales topped analysts' estimates, but profits missed.
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Private-equity firm Clayton Dubilier & Rice is buying a majority stake in primary healthcare provider Vera Whole Health Inc., in an expected deal that values Vera at $400 million.
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TPG Is Evaluating a Public Listing

Wall Street Journal - 30 Jun 2021 23:01
An IPO or SPAC deal could value the closely held private-equity giant at about $10 billion, people familiar with the matter said.
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3 Undiscovered Monthly Dividends Paying Up To 7.6% When it comes right down to it, we dividend investors really only need three things...
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Invest after working out financial situation

livemint.com - 30 Jun 2021 22:07
Invest after working out financial situation If you are investing for a shorter duration (3-5 years), you would need to be more cautious and go with a small allocation to an equity index fund and the rest to a debt fund or a recurring deposit.
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Stock Market Posts Second-Best First Half In 23 Years--With S&P 500 Hitting New High It's the S&P's fifth-straight day of closing highs.
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AIFs can augment portfolios but are not very tax-efficient When it comes to costs, AIFs tend to be costlier as there is no regulatory limit here unlike mutual funds
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Know how your investment advisor charges you before picking the right one Investment advisers may charge a low fee in the first year, and raise it later
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Didi Stock Rises on First Day

Wall Street Journal - 30 Jun 2021 20:59
Shares in the Chinese ride-sharing company pared gains after opening 19% higher in their debut following an initial public offering.
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What Would Federal Cannabis Legalization Look Like? While cannabis is legal for medical or adult-use in 36 states and 4 territories, it's still classified as an illegal, Schedule I drug at the federal level. The conversation around federal legalization is gaining momentum...
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PPF, other small savings scheme interest rates kept steady for September quarter. Details here This means Public Provident Fund (PPF) and National Savings Certificate (NSC) will continue to carry an annual interest rate of 7.1% and 6.8%, respectively, in the second quarter as well
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Qatar's Sovereign-Wealth Fund Trims Stake in Credit Suisse

Wall Street Journal - 30 Jun 2021 20:22
The Qatar Investment Authority cut its stake to 4.8% as the Swiss lender is under pressure to revamp following twin scandals from the failures of Archegos and Greensill.
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An Issue Holding Back Investors: The Erroneous Belief That The Stock Market Is Overvalued At the heart of the overvaluation argument are two flaws: bad math and looking backward.
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Company Of The Day: Facebook

Forbes - 30 Jun 2021 18:10
Company Of The Day: Facebook On Monday, a federal court dismissed the Federal Trade Commission's antitrust complaint against social media behemoth Facebook (NASDAQ:FB)...
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Forecast Of The Day: Beyond Meat's Fresh Retail Product Sales Trefis expects Beyond Meat's (NASDAQ:BYND) fresh retail product sales to rise from 50 million pounds in 2020 to 65 million in 2021 and to over 90 million pounds by 2022...
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Will Exelixis Stock See Even Lower Levels After Negative Data From A Clinical Trial? The stock price of Exelixis, a genomics-based pharmaceuticals company focused on oncology treatments, has seen a large 21% drop over the last five trading days, after the company announced a negative outcome from its cli...
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Billionaire David Geffen Gifts $150 Million To Yale Drama, Making The School Tuition-Free Billionaire David Geffen has donated $150 million to the Yale School of Drama -- and now the drama school will become tuition-free.
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The agreement resolved regulatory allegations that the brokerage misled customers, approved ineligible traders for risky strategies and didn't supervise technology that failed and locked millions out of trading.
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AI Ranks Blink Charging Co Among Today's Top Shorts The S&P 500 is up 14% year-to-date, while both the Nasdaq and Dow Jones are up 12%. Find opportunities in this market with today's best short plays from Q.ai's artificial intelligence.
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Tesla Stock Was Up 11% Over The Last Week, Will The Rally Continue? Tesla stock is up by almost 11% over the last week (five trading days) and currently trades at about $690 per share. The gains have likely been driven by a couple of factors, including anticipation surrounding Tesla's Q2...
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Aci Worldwide Inc Ranked Among Today's Top Buys The Dow Jones was flat, while the S&P 500 dipped 0.1%, and the Nasdaq fell 0.2%. Make the most of this market with today's Top Buys from Q.ai's artificial intelligence.
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KB Home Stock Fell 6% In The Last Week, What To Expect? KB Home, one of the largest homebuilders in the United States, saw its stock fall by 5.7% to $41 over the last five trading days. In comparison, the broader S&P500 gained 1.6% over the same period. Further, the company's...
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