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Market News

Location American Market News for 4 February 2022
Saudi Arabia has restarted plans to list more shares of the energy giant and may sell as much as 2.5% of the company, people familiar said.
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Should You Buy Corning Stock After Its Recent Rally? The stock price of Corning (NYSE: GLW) has seen a large rise of 21% since its Q4 results announcement on Wednesday, Jan 26.
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You Can Get Crypto Right and Still Play It Wrong

Wall Street Journal - 4 Feb 2022 17:59
A harsh irony of investing is that you can be correct about the future and still be wrong about how to profit from it.
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Up 17% In A Week, Will UPS Stock Continue Its Rally? The stock price of United Parcel Service (NYSE: UPS) has seen a rise of 9% over the last month, while it's up a solid 17% over the last week.
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The SEC Introduces A 'Trojan Horse' Crypto Regulation As The Price Of Bitcoin, Ethereum, BNB, Solana, Cardano, XRP Rebounds SEC watchdogs will vote on an amendment that could serve as a backdoor way to regulate cryptocurrencies and DeFi projects. Meanwhile, the price of bitcoin, ethereum, BNB, solana, cardano, and XRP rebounds.
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Sculptor Director Resigns, Alleges Governance Failures

Wall Street Journal - 4 Feb 2022 04:02
A director resigned from the board of Sculptor Capital Management, citing "staggering" CEO compensation. The hedge fund said the pay was in the company's and shareholders' best interests.
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Bitcoin Breaks Free Of Its Malaise To Surpass The $40,000 Level Bitcoin prices broke through the $40,000 today, climbing out of the doldrums they had experienced in recent weeks. What caused this move? Several analysts weigh in.
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Bitcoin And Ethereum: What The Price Charts Look Like Now Whatever is going on now, these cryptocurrencies closed the week by jumping higher, unmistakably -- just like Amazon.
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Stocks Jump After U.S. Economy Adds Back 467,000 Jobs In January Bond yields are surging again as investors worry about upcoming rate hikes.
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Twitter Reports After The Close On 2/10 -- Options Contracts Expire The Next Day According to NextEarningsDate.com, the Twitter TWTR next earnings date is projected to be 2/10 after the close, with earnings estimates of $0.35/share on $1.58 Billion of revenue
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Kohl's Rejects $9 Billion Takeover Bid, Adopts Poison Pill

Wall Street Journal - 4 Feb 2022 20:23
Retailer said its board would review other offers after several investor groups have expressed interest.
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Investors Eye Alphabet Among The Latest Stock Splits Google parent company, Alphabet, announced a 20-for-1 stock split for July in a move that should make shares more attractive and accessible to retail investors.
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Europe's Hawkish Pivot Could Be More Bark Than Bite

Wall Street Journal - 4 Feb 2022 19:13
European central banks are trying to shock consumers' inflation expectations with aggressive rate increases, but what ultimately matters is that these economies are doing worse than the U.S.
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Biden Stops Challenging Student Loan Forgiveness After Public Outcry The latest on student loan forgiveness.
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Robinhood: Still Nothing But A Gamble

Forbes - 4 Feb 2022 18:28
Robinhood: Still Nothing But A Gamble Robinhood's 4Q21 earnings report underscores my thesis that the stock is wildly overvalued and could fall to as low as $6/share.
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Omicron Was No Match for the Job Market

Wall Street Journal - 4 Feb 2022 18:22
Even with millions of people out sick, January delivered big employment gains.
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Stocks Fall, Bond Yields Surge After U.S. Economy Adds Back 467,000 Jobs In January Bond yields are surging again as investors worry about upcoming rate hikes.
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Stellar Revenue Growth Makes Zendesk Inc. Stock A Strong Bet While both companies have performed well since the pandemic, Zendesk has seen much stronger and faster revenue growth over the past few years compared to Lennox.
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After 11% Recovery In Last Five Days, Will ServiceNow's Stock Grow Further? ServiceNow, which develops a cloud computing platform to help companies manage digital workflows for enterprise operations, saw its stock fall due to rising interest rates which could lead to a fall in sales volume.
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Ex-Div Reminder For Schlumberger

Forbes - 4 Feb 2022 17:29
Ex-Div Reminder For Schlumberger On 2/8/22, Schlumberger will trade ex-dividend, for its quarterly dividend of $0.125, payable on 4/7/22. As a percentage of SLB's recent stock price of $39.49, this dividend works out to approximately 0.32%.
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A study suggests that some portfolio managers are overconfident in their own countries' stocks--to the detriment of the fund.
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Bond Yields Surge in Europe as Old Jitters Return

Wall Street Journal - 4 Feb 2022 16:42
Yields on European government bonds rose by the most in months after ECB President Christine Lagarde reignited fears about the ability of the eurozone's weaker members to withstand higher borrowing costs.
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