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Market News

Location American Market News for 13 August 2021

Why Gold Bugs, Bond Bears and Amazon Skeptics Think Alike

Wall Street Journal - 13 Aug 2021 16:00
Investors often prefer to stick their heads in the sand rather than confront the evidence in front of them.
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Dow, S&P 500 End Week At New Record Highs--But This Potentially 'Painful' Risk Could Spark A 15% Crash Rising interest rates pose the market's biggest risk, Bank of America analysts say.
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New ATM rule: Will move to penalise banks ensure cash in ATMs? New ATM rule: The newly launched initiative under the 'Scheme of Penalty for non-replenishment of ATMs', will come into effect from 1 October
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Hacker Returns Stolen Cryptocurrency In Heist Reversal

Wall Street Journal - 13 Aug 2021 21:24
The hacker that plundered over $600 million of crypto assets from a decentralized finance platform known as Poly Network has now returned almost all of the money.
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Investing in Gold? See which options are best for you With gold prices at a four-month low, one can explore 5 different options to invest; read what experts say
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Organon Stock Jumps On Profit Beat In First Post-Spinoff Report Total revenue of $1.6 billion grew by a modest 4.5% YOY (-1% excluding foreign currency impact or excl.fx) reflecting the impact of loss of exclusivity on some products, but beat consensus by 5.2%.
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Dow, S&P 500 Add To Record Highs--But This Potentially 'Painful' Risk Could Spark A 15% Crash Rising interest rates pose the market's biggest risk, Bank of America analysts say.
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With Recession Far Behind, As Equity Market Expansion Continues; Corrections May Bring Opportunities Amid the current robust economic backdrop, supported by healthy consumers and strong business balance sheets, Jeff Schulze of ClearBridge Investments sees another elongated expansion in the near-term, providing attractiv...
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Kool Aid Is Still a Thing? Oh, Yeah!

Wall Street Journal - 13 Aug 2021 16:47
It's National Kool Aid Day, celebrating a beverage that has survived some highly negative associations over the decades.
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Builders Firstsource Ranked Among Today's Top Buys The Dow added 60 points or 0.2%, the S&P 500 gained about 0.1%, and the Nasdaq traded around the flatline. Make the most of this market with today's Top Buys.
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Activision Blizzard Among Today's Trending Stocks Q.ai runs daily factor models to get the most up-to-date reading on stocks and ETFs. Today, our deep-learning algorithms have identified Activision Blizzard among others.
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Will Perrigo Stock Rebound After A 12% Fall Yesterday? The price of Perrigo stock, a healthcare company that provides over-the-counter self-care products, has seen a 10% fall over the last five trading days, and much of this fall has come in yesterday's trading session (Aug ...
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China Faces Long-Term Damage From Delta Outbreaks

Wall Street Journal - 13 Aug 2021 15:50
The country is dealing with its second Delta variant outbreak in a few months. But the real worry is what still lies ahead.
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Should You Buy Yelp's Stock At $39?

Forbes - 13 Aug 2021 15:30
Should You Buy Yelp's Stock At $39? Yelp recently reported its Q2 results, which were above our estimates. The company reported revenues of $257 million, 5% above the consensus estimate of $245 million and 6% higher than our forecast of $243 million. The c...
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Philip Morris Gives Investors a Nicotine Test

Wall Street Journal - 13 Aug 2021 15:04
Now that inhaler-maker Vectura's board has recommended an offer from the Marlboro cigarette giant, only a new bidder can save shareholders from a tricky ethical decision.
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Billionaire Branson Sold $300 Million In Virgin Galactic Stock This Week As Shares Tumbled Just a month ago, the 17-year-old aerospace company successfully sent its billionaire founder to space.
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'Experts In Regulated Markets': Snapping Up Assets At Fire Sale Prices In A Devastated Argentina Whereas a substantial sector of high society is currently eyeing condos in Miami or Barcelona for their kids, our market movers and shakers are taking advantage of a ravaged economy with some of the lowest levels of inve...
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Harley-Davidson's Stock To Rise As Results Improve? Harley-Davidson's stock (NYSE: HOG) declined by 6.7% to $41 in the last twenty-one trading days. In comparison, the broader S&P500 rose by 1.8% over the last twenty-one trading days. The fall was arrested after the Q2 20...
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After Revenue Pops 101%, Why Is SoFi Stock 44% Below Its High? If SoFi can sustain triple digit revenue growth, the post-earnings fall in its stock could be a buying opportunity.
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What Are The Chances Of Near-Term Gains In BP Stock? Oil prices have remained high due to ongoing inventory draws in the U.S., OECD countries, and other parts of the world. Notably, the crude oil and gasoline inventory levels in the U.S. and OECD countries declined by 2% a...
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The Scooter Wars Are Coming to the Stock Market

Wall Street Journal - 13 Aug 2021 13:03
Electric bikes and scooters may be better for the planet than for your portfolio.
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Amazon's Stock To Rise As Growth Continues

Forbes - 13 Aug 2021 13:00
Amazon's Stock To Rise As Growth Continues Amazon's stock has gained 3% YTD, and at its current price of $3306 per share, it has a fair value of $4257 - Trefis' estimate for Amazon's valuation. Amazon is expected to continue growth as the shift toward online comm...
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