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Market News

Location American Market News for 5 November 2021

Advent Nears Deal to Buy McAfee for More Than $10 Billion

Wall Street Journal - 5 Nov 2021 21:51
The security-software company is nearing a deal to sell itself to private-equity firm Advent International, according to people familiar with the matter.
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What, Exactly, Is The Metaverse?

Forbes - 5 Nov 2021 19:08
What, Exactly, Is The Metaverse? In recent years, the metaverse has become the name for the "next generation of the internet," much like Google was 20 years ago.
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Peloton Shares Plunge Over 30%--And CEO John Foley Is No Longer A Billionaire Peloton became the latest pandemic favorite to see its stock plunge amid a wider reopening of the economy.
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U.S. Government Bond Yields Fall After Jobs Data

Wall Street Journal - 5 Nov 2021 17:31
The yield on the 10-year note slid below 1.5% for the first time in about a month, extending a volatile week.
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Hot-and-Cold Jobs Market Still Far From Full

Wall Street Journal - 5 Nov 2021 17:02
The job market appears tight in many ways, but for the Fed there is still plenty of underlying slack that needs to be taken in before it thinks of raising rates.
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Square's Future Needs to Take Shape

Wall Street Journal - 5 Nov 2021 16:39
Without the tailwind of stimulus checks, Square has to see some of its longer-term moves start to pay off.
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Driverless 'Robotaxis' Arrive at the Stock Market

Wall Street Journal - 5 Nov 2021 16:36
The newly listed shares of Aurora Innovation will be a key gauge of investor interest in autonomous vehicles, particularly for private peers Waymo, Cruise and Argo AI.
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Longer-tenure fund managers are more reliable than rookies, but hit fewer home runs, research shows
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Airbnb, Uber, And Square Draw Attention To Peer-To-Peer Platforms Post-pandemic stocks are making their presence felt as the Nasdaq tries to add to its win streak.
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Up 35% A Year Since 1999, Nvidia Stock To Benefit From Metaverse Why Nvidia Stock Rocketed Higher on November 4. Facebook wants a metaverse -- and Nvidia is offering an omniverse.
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Peloton shares plunged on disappointing subscriber growth; Expedia gained on strong earnings.
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Apple Stock Holds Up Despite Supply Issues. Is It A Buy? Apple is beginning to see the impact of the ongoing semiconductor shortage, as it posted a rare revenue miss for Q4 FY'21 due to a weaker supply of chips and manufacturing challenges due to Covid-19. Apple also warned th...
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Morgan Stanley Stock Has Limited Upside

Forbes - 5 Nov 2021 14:00
Morgan Stanley Stock Has Limited Upside Morgan Stanley's stock has gained more than 50% YTD in FY2021 and is currently trading around $105 per share. However, it still has a 6% upside potential to its fair value of $111 - Trefis' estimate for Morgan Stanley's ...
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Labor Shortages Reach the North Pole

Wall Street Journal - 5 Nov 2021 13:30
Santas are in short supply as demand rises and some remain wary of risking Covid-19 exposure.
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Helen Of Troy Stock Seems Poised For A Rise Helen of Troy stock has risen a little less than 5% over the past month (21 trading days), underperforming the S&P 500 which was up more than 7%. If you look at the change over the last ten days as well, the stock has re...
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Five Reasons Why the Stock Market Might Be Weaker in 2022

Wall Street Journal - 5 Nov 2021 13:00
History tells us that the second year of a new U.S. president's term can be tough on stocks. That could hold true next year.
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Is Samsung Stock A Buy Following Solid Q3 Earnings? Samsung Electronics published a solid set of Q3 2021 results last week as it continued to benefit from strong pricing and demand in its semiconductor business. Revenues rose by about 10% year-over-year to around 73.98 tr...
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What's Happening With Eli Lilly Stock?

Forbes - 5 Nov 2021 12:00
What's Happening With Eli Lilly Stock? The stock price of ​Eli Lilly has seen a rise of 15% over the last month, while it is up 6% in a week. There are a couple of factors that fueled this growth. First, the company recently reported its Q3 results with rev...
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Stock Futures Waver Ahead of Jobs Report

Wall Street Journal - 5 Nov 2021 11:39
U.S. stock futures wavered as investors awaited monthly jobs data, seeking clues about the labor market and the Federal Reserve's next move. Meantime, Peloton shares slumped premarket after the fitness-equipment maker po...
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This Stock Is Likely A Better Pick Over Nike Despite a higher valuation, we think that Lululemon's stock currently is a better pick compared to Nike's stock, given its better revenue and margins growth. Both companies benefited from the stay-at-home orders as custo...
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China Evergrande, Strapped for Cash, Offloads Its Jets

Wall Street Journal - 5 Nov 2021 11:30
China Evergrande raised more than $50 million last month by selling two of its private jets, bringing in much needed cash to help avert a default on its U.S. dollar debt.
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Why The Billionaires' Tax Matters to You, Too

Wall Street Journal - 5 Nov 2021 11:30
About 700 of the wealthiest Americans would have been affected by a proposal from Democrats in Congress. It's a small number of taxpayers, but the implications are huge.
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