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Market News

Location American Market News for 5 August 2021
What's Comes Next For Barrick Gold Stock After A 3.5% Jump In A Week? Barrick Gold stock increased 3.5% in just the last one week and currently trades close to $22 per share. The recent rise has been driven by strengthening in global gold prices. After registering a sharp rise from $1,500/...
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Robinhood looks set to give up some of Wednesday's gains when the market opens.
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Moderna said its Covid-19 vaccine booster shot produced a "robust" antibody response against the highly contagious delta variant.
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Student Loans Back In Focus As Eviction Moratorium Extended Student loan relief may be back in play.
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Has Oracle's Stock Peaked?

Forbes - 5 Aug 2021 14:30
Has Oracle's Stock Peaked? Oracle's stock has gained 63% since the end of FY 2020 (ended May 2020). As per Trefis' Oracle's valuation of $81, the stock currently looks to be above its near term potential. In recently announced FY 2021 (ended May 2...
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Online furniture retailer Wayfair said active customers grew to 31.1 million, a nearly 20% year-over-year increase.
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Robinhood Stock Craters As Insiders File To Sell 97.9 Million Shares One Day After Reddit-Fueled Surge Neither of Robinhood's two billionaire cofounders are named in the offering, but selling stockholders are set to make billions.
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SEC Chief Braces for Clash With Crypto Traders

Wall Street Journal - 5 Aug 2021 14:03
Gary Gensler wants to regulate digital assets to the same extent as stocks, bonds and commodity-related trading instruments.
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Will Expedia Stock Move Higher Following Q2 Results? Expedia, a travel company providing everything from airline tickets, hotel rooms, car rentals, to cruises, is scheduled to announce its fiscal second-quarter results on Thursday, August 5. We expect Expedia's stock to li...
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Datadog shares jumped 15% on Thursday on better-than-expected results, helping push other cloud stocks to all-time highs.
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Compare your bank FD rates

livemint.com - 5 Aug 2021 22:47
Compare your bank FD rates Here is a list of banks that offer the highest FD rates for deposits up to Rs1 crore over various tenures
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If you are an Investor in equities, heed these two warnings from Daedalus Rebalancing regularly keeps your portfolio risks in control and enhances returns
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'Self-assessment is the most vital requisite for success in investing' According to Marks, one of the key investment philosophies of his asset management firm is to not base their investment decisions on macro forecasts
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Revamped tax-filing portal is still giving taxpayers trouble Tax experts and taxpayers report issues with the portal even after two months of its launch
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This Is Why Stocks Are Going Up, But It Means That The Market Is Fragile Expectation-beating earnings and massive liquidity are pushing equity prices up despite a steep decline in corporate buybacks. The rally will be difficult to sustain unless the infrastructure bill is passed.
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Auto Insurers Face Bumpy Road Ahead

Wall Street Journal - 5 Aug 2021 20:31
As people return to normal driving habits, insurers are seeing more accident losses--but they are also starting to look toward higher rates, too.
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Oversold Conditions For Humana

Forbes - 5 Aug 2021 20:12
Oversold Conditions For Humana In trading on Thursday, shares of Humana entered into oversold territory, hitting an RSI reading of 29.1
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Forecast Of The Day: Bristol-Myers Squibb's Cardiovascular Drugs Revenue Trefis expects Bristol-Myers Squibb's (NYSE:BMY) Cardiovascular Drugs Revenue to rise from $9.2 billion in 2020 to $11.4 billion in 2021 and to $12.6 billion in 2022...
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Company Of The Day: MGM Resorts International MGM Resorts International (NYSE:MGM) posted a better than expected set of Q2 2021 results, with revenue growing by 683% year-over-year to $2.27 billion and adjusted loss per share standing at $0.13, compared to a loss of...
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Weber's Shares Rise in Debut After IPO Targets Slashed

Wall Street Journal - 5 Aug 2021 18:45
After it priced its initial public offering below expectations, Weber saw its shares rise on their first day of trading Thursday.
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Moody's to Buy RMS in Bid to Boost Climate Risk Business

Wall Street Journal - 5 Aug 2021 18:27
The ratings company said it had agreed to acquire the catastrophe risk-management and modeling firm from its U.K. parent Daily Mail and General Trust PLC for about $2 billion.
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Here's Why Eli Lilly Stock May Continue To See Higher Levels The stock price of ​Eli Lilly has seen a rise of nearly 10% over the last twenty-one trading days, and it is also up a solid 55% year-to-date. The company recently announced its Q2 results, with revenues topping but ea...
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