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Market News

Location American Market News for 26 July 2021

Tesla's Closest Imitator Is Just Starting its Journey

Wall Street Journal - 26 Jul 2021 15:01
Lucid Motors launches on the stock market Monday. The next milestone--getting meaningful numbers of its flagship product in showrooms--will be more important.
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Bitcoin and cryptocurrency exchange Coinbase jump; Chinese technology companies extend losses.
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Credit Card Spending Bill Will Come Due

Wall Street Journal - 26 Jul 2021 13:33
Card companies are enjoying minuscule losses and big spending, but competitive risks loom
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Elon Musk's electric vehicle company beat expectations on both top and bottom lines, and passed $1 billion in quarterly net income for the first time.
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Onus on tenant to cut TDS for NRI payments

livemint.com - 26 Jul 2021 22:35
Onus on tenant to cut TDS for NRI payments According to the Income Tax Act, tenants must deduct TDS at 31.2% on rent paid to an NRI, and deposit the tax with the government
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Returns on my investments

livemint.com - 26 Jul 2021 22:30
Returns on my investments A person's portfolio holds different types of assets based on her financial goals, and each asset class gives different types of returns, which is why a portfolio must have an ideal mix of financial products
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Index investing is an excellent bet in the long term

livemint.com - 26 Jul 2021 22:17
Index investing is an excellent bet in the long term If the holding period is raised to, say, over seven years, an investor may not lose money
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Don't assume your health policy covers maternity insurance Some insurers provide maternity cover under comprehensive health policies, but many still offer it as an add-on
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Cuba And Venezuela Offer Cautionary Tales Of Socialism The Venezuelan bolivar is effectively worthless, a point well illustrated at this year's Bitcoin 2021 conference in Miami when someone hauled in a dumpster full of 50-bolivar notes, which went ignored by attendees and pa...
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Defense stocks are under pressure from lower Department of Defense investment and investors' focus on the pandemic reopening, but Lockheed Martin's cheap valuation may overestimate the extent of the budget cuts.
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Steady Demand Growth Could Drive Colgate-Palmolive Stock To Fresh Highs Having risen more than 1.3x from its low in March 2020, at the current price of $81 per share, we believe Colgate-Palmolive stock (NYSE: CL) has further upside potential.
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Aon, Willis Towers Scrap $30 Billion Merger

Wall Street Journal - 26 Jul 2021 17:10
The Justice Department had alleged the tie-up of insurance brokers would lead to higher prices and reduced innovation for U.S. businesses.
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Earnings Palooza: Week Includes More Than One-Third Of S&P 500 Earnings, Fed Meeting Volatility could come back this week due to the incredibly heavy news flow, which includes 180 S&P 500 companies reporting and a Fed meeting. Keep an eye on falling bond yields this morning.
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Solving The Puzzle Of Falling Bond Yields: Why It Matters Real yields are abnormally low. While negative real interest rates were appropriate during a severe recession, it is harder to justify them now when the economy is experiencing a powerful recovery.
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Facebook's Stock To Top Expectations In Q2?

Forbes - 26 Jul 2021 15:30
Facebook's Stock To Top Expectations In Q2? Facebook (NASDAQ: FB) is scheduled to report its fiscal Q2 2021 results on Wednesday, July 28. We expect FB to beat the consensus estimates for revenues and earnings. The company has reported better than expected revenue...
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Unscrubbed Data Creates Misleading Credit Ratings Highlighting the five ratios that drive my firm's Credit Ratings and how data drives materially different results compared to ratios and ratings based on unscrubbed data.
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Here's Why Advanced Micro Devices Stock Could Cross $100 Up more than 2.3x from its low in March 2020, at the current price of $91 per share, we believe Advanced Micro Devices stock (NASDAQ: AMD) has further upside potential.
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Ford Stock Trades Lower Before Q2 Earnings?

Forbes - 26 Jul 2021 14:30
Ford Stock Trades Lower Before Q2 Earnings? According to the Trefis Machine Learning Engine, which identifies trends in a company's stock price using multiple years of historical stock data, returns for F's stock average around 0.8% in the next one-month (twenty-o...
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NPS withdrawal: How the new Re 1 'penny drop' feature works A small amount will be credited to the savings account of the NPS subscriber for instant verification of the bank account
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3 Reasons Not To Buy Robinhood Stock

Forbes - 26 Jul 2021 14:20
3 Reasons Not To Buy Robinhood Stock Robinhood's revenue growth is still high -- but it's slowing down. Avoid its IPO.
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What To Expect From Corning's Q2?

Forbes - 26 Jul 2021 14:00
What To Expect From Corning's Q2? Corning stock (NYSE: GLW) is scheduled to report its Q2 2021 results on Tuesday, July 27. We expect Corning to likely post revenue and earnings largely in-line with the street expectations. The revenues are expected to t...
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Can UPS Stock See Higher Levels Post Q2 Results? An overall rebound in economic activities likely boded well for the company's supply chain as well as international outbound businesses in Q2.
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