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Market News

Location American Market News for 8 October 2021
Splunk Inc. Stock Running Out Of Juice After 7% Rise Last Week? Splunk Inc. stock has gained almost 7% in the past week and currently trades at around $146 per share. Additionally, Splunk, a data analysis software company, has seen its stock lose more than 7% over the last month, dro...
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Apple Stock Looks Like A Buy At $142

Forbes - 8 Oct 2021 14:00
Apple Stock Looks Like A Buy At $142 Apple stock (NASDAQ:AAPL) declined by about 9% over the last month and remains down by roughly 1% over the past week. While the decline is driven in part by the broader market sell-off, amid rising bond yields, Apple als...
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This Stock Is Likely To Outperform United Parcel Service We think that FedEx stock (NYSE: FDX) currently is a better pick compared to United Parcel Service stock (NYSE: UPS), given its lower valuation, better revenue growth, and profitability. FedEx trades at about 0.7x traili...
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We Have To Talk About Facebook. Again.

Forbes - 8 Oct 2021 18:02
We Have To Talk About Facebook. Again. What impact does Facebook's leaked research have on the stock? Here's what investors should take into consideration.
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Jobs Forecasters Got Schooled---Here's Why

Wall Street Journal - 8 Oct 2021 17:55
The real disappointment in Friday's employment report wasn't how few jobs were added in September. It was how few people got back in the hunt.
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Evergrande Is Leaving Foreign Bondholders in the Dark

Wall Street Journal - 8 Oct 2021 17:46
Bondholder advisers said the embattled Chinese property developer isn't sharing critical information on asset disposals and restructuring plans.
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Guess Who's on Strrrrike?

Wall Street Journal - 8 Oct 2021 17:07
Kellogg workers unleash a wave of cereal offenders on the internet.
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Thousands of stocks and bonds in the over-the-counter market are now out of reach for small investors. Professionals are still trading.
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Is This Pandemic Household Name A Better Pick Than DocuSign Stock? We think that video conferencing major Zoom stock (NASDAQ: ZM), which emerged as a household name through the Covid-19 pandemic, is currently a better pick compared to digital signature player Docusign stock (NASDAQ: DOC...
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Is Ford's Stock a Buy At The Current Price? Ford's stock has recovered to $14 currently after falling below $13 in mid-August. In May 2021, Ford had announced its Electrification revolution plan, with an expected investment of more than $30 billion by 2025 and a t...
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Minting A Trillion-Dollar Coin Would Erode Trust In America Trust is not a hard concept to understand. It builds by way of repetition and dies by virtue of erosion. Erosion begins when trust is abused to the benefit of the trusted.
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Is Baidu's Stock Cheap At 150?

Forbes - 8 Oct 2021 15:30
Is Baidu's Stock Cheap At 150? Baidu's stock (NASDAQ: BIDU) has fallen by 30% from $216 to $150 since the end of 2020. In comparison, the broader S&P500 rose by 16% in the same period. Trefis analysis of Baidu's Valuation is $224, implying that the st...
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Pick JetBlue Airways Stock For 30% Gain

Forbes - 8 Oct 2021 15:30
Pick JetBlue Airways Stock For 30% Gain Per quarterly filings, JetBlue Airways had guided its Q3 2021 revenues to be 9% lower than observed in Q3 2019 with a significant improvement in load factor. While the fourth wave of infections negatively affected recove...
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Temporary Debt Ceiling Resolution May Be Overshadowed By Jobs Report Will Sticky Wage Inflation Cause the Fed to Taper Faster? Investors are Turning their Focus to the Fed.
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What's New With Nio Stock?

Forbes - 8 Oct 2021 13:00
What's New With Nio Stock? Nio stock (NYSE: NIO) declined by almost 4% over the last week (five trading days) and also remains down by about 17% over the last month. While the sell-off is driven largely by macro factors, such as the Evergrande cri...
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Lawmakers seem committed to change at Facebook, but far from deciding on the right way to do it.
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Vaxart shares jumped on a study of its oral Covid-19 vaccine; Bitcoin-related stocks were following the cryptocurrency higher.
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How Did Tesla Post Record Q3 Deliveries Despite The Chip Shortage? Tesla (NASDAQ: TSLA) published a solid set of delivery numbers for Q3 2021 late last week, noting that it had delivered a record 241,300 vehicles for the quarter, a sequential increase of 20% and a year-over-year increas...
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Global Tax Reform Isn't Yet a Done Deal

Wall Street Journal - 8 Oct 2021 12:28
Ireland's backing clears the way for the reforms to be enacted in Europe, but uncertainty is growing about Washington's ability to finish the job.
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Reimagine, Reposition, and Reallocate -- McKinsey To Asset Managers In their just-released report, "Crossing the horizon: North American Asset Management in the 2020s", McKinsey advises asset managers to reimagine, reposition, and reallocate.
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Samsung's Memory-Price Hangover Will be Manageable

Wall Street Journal - 8 Oct 2021 12:00
There are more signs that the memory price cycle has peaked, meaning Samsung's earnings may have peaked for the cycle, too.
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Up 7% In A Week, Can LendingClub Stock Gain More? LendingClub Corporation (NYSE: LC) stock, America's largest lending marketplace which connects borrowers with investors, has improved 7% in the last week. But will the company's stock continue to rise over the coming wee...
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