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Market News

Location American Market News for 20 August 2021
What Drove Moderna Stock From $100 To Near $500? Moderna stock has rallied from around $104 per share at the end of 2020, to about $485 as of Monday, an increase of over 4.5x. This compares to the S&P 500 which is up by just about 20% over the same period. The first le...
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What's Behind The 80% Jump In Alcoa Stock?

Forbes - 20 Aug 2021 13:00
What's Behind The 80% Jump In Alcoa Stock? Alcoa stock has seen a large rise of 80% in the last six months and currently trades at $41 per share. The sharp rally was driven by an increase in global aluminum prices. The gradual lifting of lockdowns, widening cover...
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The Dow is on track to erase August's gains.
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The labor market's recovery and inflation numbers have been at the center of the debate within markets about the Fed's timeline to end bond purchases
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U.S.-Listed Chinese Stocks Have Lost Another $150 Billion In Market Value This Week As Beijing Targets 'Excessive' Wealth China's president has pledged to regulate "excessively high incomes" as the company gears up for a five-year crackdown.
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Biden Freezes Student Loan Interest Rates For 47,000 Service Members President Joe Biden is freezing student loan interest for 47,000 service members.
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Ackman Plans to Return Proceeds From $4 Billion SPAC

Wall Street Journal - 20 Aug 2021 19:11
Hedge-fund billionaire William Ackman, who launched the largest-ever special-purpose acquisition vehicle with an aim of taking a mammoth company public, now plans to return its funds to shareholders in the face of a shar...
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10 Takeaways From My Chat With Michael Saylor For those who missed this week's webcast with ETF Trends between me and Michael Saylor, founder and CEO of MicroStrategy, here are 10 key takeaways from our conversation.
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Newly Separated Victoria's Secret Breaks Free Of Bath & Body Works Total revenue of $1.6 billion grew by 51.3% YOY (-3.8% vs. consensus).
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Nio Stock's 12% Drop Last Week Is A Buying Opportunity Nio stock declined by about 12% over the last week (five trading days) compared to the S&P 500 which was down by about 1% over the same period. While Nio's recently reported Q2 2021 results and Q3 revenue guidance came i...
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Altra Industrial Motion Corp Ranked Among Today's Top Buys Amid Concerns Of The Fed Ending The Economic Stimulus The Dow Jones ticked down 14 points this Friday morning, the S&P 500 was flat, and the Nasdaq rose about 0.2%. Make the most of this market with today's Top Buys from Q.ai's artificial intelligence.
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Hedge Fund Star Whiffs at the Plate

Wall Street Journal - 20 Aug 2021 16:12
Mudrick Capital's deal for baseball card seller Topps fell apart faster than the Mets in September.
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Foot Locker crushed fiscal second-quarter earnings estimates and voiced optimism about the back half of the year.
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How Will Tesla's Autopilot Investigation Impact Its Stock? Investors have been betting that Tesla's lead in self-driving technology - one of the most powerful trends in the auto market - will help it shape the future of transportation. However, the company's popular driver-assis...
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'Crisis In Confidence': Stocks Poised To End Worst Week In Two Months--But Traders Expect Drop Could Only Continue Nearly 90% of traders surveyed by Charles Schwab say they're concerned of a market setback in light of Covid-19's resurgence.
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U.S. Bank, Exxon, Procter & Gamble: Stocks To Pick As U.S. Inflation Remains Elevated U.S. inflation remained high over the month of July, with the consumer-price index rising 5.4% from a year ago, while the core price index, which excludes food and energy, rose by 4.3% versus last year. Although the CPI ...
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Key points to consider while investing outside India

livemint.com - 20 Aug 2021 15:25
Key points to consider while investing outside India India is an even smaller part of the global market caps, barely being 2.5%, which means letting go of more than 97.5% of the global opportunities.Globally one can diversify across 10,000 stocks; one can pick 50-200 diffe...
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Should You Buy Mercury Systems At Around $50 Levels? We believe that Mercury Systems stock, a technology company that manufactures computer hardware and software serving the defense and aerospace industry, is a good buying opportunity at the present time. MRCY stock trades...
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Yawn: Department Stores Won't Fix Amazon's 13% Growth Problem Amazon must double the 13% growth it forecasts for the third quarter. Department stores won't close the gap. Does CEO Jassy have something else in mind?
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New York Offices Face Double Trouble

Wall Street Journal - 20 Aug 2021 14:40
In a challenge to owners of older buildings, the city's supply of sublet offices is swelling just as developers are constructing lots of shiny new blocks.
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What's Next For CRISPR Stock After An 11% Fall In A Week? The stock price of CRISPR Therapeutics, a biotechnology gene editing company focused on developing gene-based medicines for human diseases, reached an all-time high of $210 in January of this year before a sell-off drove...
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Biden Has Cancelled $8.7 Billion Of Student Loans, But Here's What It Means For Wide-Scale Student Loan Cancellation Here's what this means for wide-scale student loan cancellation.
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