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Market News

Location American Market News for 10 December 2021
Inflation Could Be Prompting Companies To Add Or Increase Stock Buyback Programs Consumer Price Index (CPI) reflects a November rise in inflation. Oracle, Broadcom, Costco, Chewy, and Lululemon announced earnings. Eight more companies will announce stock buyback programs in December. Tesla insiders a...
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Oracle's quarterly results beat forecasts; Nubank was extending gains after its IPO.
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Oil Price Swings Scramble Inflation Outlook

Wall Street Journal - 10 Dec 2021 12:32
A loss of momentum in oil markets has prompted investors and traders to dial down bets on how fast inflation will run in the coming years.
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Meet the Kidd Who Goes Toe to Toe With Warren Buffett

Wall Street Journal - 10 Dec 2021 18:22
Patience, concentration and courage have allowed Wilmot Kidd to rack up one of the greatest long-term track records in the history of investing. He's a model for how to think about, and practice, intelligent investing.
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Royal Caribbean Stock Remains 36% Below Pre-Covid Levels. Should You Buy? Royal Caribbean stock (NYSE: RCL), the second-largest cruise line operator, has seen its stock trail the market this year rising by just about 7% year-to-date, compared to the S&P 500 which remains up by around 27%. Whil...
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What Is The Likelihood Of Rise In Etsy's Stock? Etsy's stock declined by 9% in the last twenty-one trading days. In comparison, the broader S&P500 index fell by 0.05% over the same period. The online retailer saw its stock rise after strong Q3 2021 results in early No...
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China Pushes Back Against Yuan Rally

Wall Street Journal - 10 Dec 2021 12:30
The currency has soared to multiyear highs against the dollar, reflecting strong demand for China's exports and its financial assets.
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What Does 7% Inflation Do To Your Bonds?

Forbes - 10 Dec 2021 00:22
What Does 7% Inflation Do To Your Bonds? If you own any Treasuries, take a grim look at what's left after inflation and taxes.
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S&P 500 Closes At New Record Despite Inflation Hitting Nearly 40-Year-High Markets moved higher even after more bad inflation data.
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Moderna Stock Crash Has Wiped Nearly $100 Billion As Flu Vaccine Results Trigger Latest Plunge Despite crashing nearly 50% since August, Moderna is still the third best-performing stock in the S&P 500 this year.
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Why ESG Investing Just Makes Sense

Forbes - 10 Dec 2021 18:57
Why ESG Investing Just Makes Sense ESG investing is a change for some, but Commonwealth CIO Brad McMillan says it can help investors understand and improve their analysis.
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A Look Inside This Year's Biggest U.S. Unionization Efforts Starbucks employees at a Buffalo, New York-area store voted to unionize this week, making a historic first for the company's employees.
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Bitcoin Fails To Retain Price Gains Following Robust Inflation Data Bitcoin prices moved slightly higher after a report showed the highest U.S. inflation in 40 years. However, bitcoin erased all these gains in short order, failing to provide support for the narrative that the cryptocurre...
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Robinhood Stock Looks Like A Buy At $24

Forbes - 10 Dec 2021 18:00
Robinhood Stock Looks Like A Buy At $24 Robinhood Markets stock has lost about one-third of its value over the past month. While sentiment surrounding the stock has been weak since the company published a relatively tough set of Q3 results in late November, th...
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Home Exercise Equipment No Longer Pumped Up

Wall Street Journal - 10 Dec 2021 17:53
A discounted pair of Bowflex dumbbells, a hot item at the height of the pandemic, shows that demand for home exercise equipment has returned to normal.
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Treasury Yields Slip After Inflation Data Matches Expectations

Wall Street Journal - 10 Dec 2021 17:21
U.S. government bond yields edged lower Friday after data showing the fastest inflation in decades reinforced investors' expectations for the economy to start slowing next year.
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Should You Buy The Dip In Nio Stock?

Forbes - 10 Dec 2021 16:30
Should You Buy The Dip In Nio Stock? Chinese premium electric vehicle maker Nio's stock has declined by about 19% over the last month, considerably underperforming the S&P 500 which remained roughly flat over the same period. The decline follows the company...
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Two S&P 500 Sectors Trade Below Economic Book Value After 3Q21 Earnings The trailing PEBV ratio for the S&P 500 remains unchanged year-over-year at 1.5 in 3Q21.
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What To Expect From State Street Stock?

Forbes - 10 Dec 2021 16:00
What To Expect From State Street Stock? State Street stock (NYSE: STT) has gained 4.8% in the last week, edging ahead of the 4.2% gain in the S&P 500. However, STT stock slipped 3.8% as compared to the 0.1% rise in the broader markets over the past one month. ...
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What's Happening With CRISPR Stock?

Forbes - 10 Dec 2021 15:30
What's Happening With CRISPR Stock? 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 gradual declin...
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Intuitive Surgical Stock Appears To Have A Limited Upside The stock price of Intuitive Surgical has seen a rise of over 6% over the last five trading days. However, despite the recent rise it is still down 7% over the last one month period. The fall earlier was led by concerns ...
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Will Vertex Pharmaceuticals Stock See Higher Levels? The stock price of Vertex Pharmaceuticals stock has seen a rise of 7.5% over the last month, while it is up 11% over the last ten trading days. The recent rise can be attributed to positive results from a mid-stage study...
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