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Market News

Location American Market News for 11 February 2022

Affirm Stock Plunges 21% After a Slip of the Tweet

Wall Street Journal - 11 Feb 2022 01:00
The company's "great quarter" tweet sent shares up. Investors were less impressed after they saw the results.
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Starbucks Stock To Gain As North America Segment Leads Growth Starbucks' stock recently announced its Q1 FY 2022 (ended December 2021) results. The company beat consensus estimates for revenue but missed on earnings. The company posted revenue of $8.1 billion, up 19% y-o-y, driven ...
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The buyout giant is nearing a deal to acquire the point-of-sale terminal business of European payments company Worldline for close to $2.3 billion, according to people familiar with the matter.
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Fed's 'Wake-Up Call': Investors 'Losing Confidence' After Latest Inflation Surge--How Aggressive Could Rate Hikes Be? "Fed rhetoric in recent days continues to be puzzling," one Bank of America analyst wrote as stocks plunged this week.
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One Way to Spend Less: Spread Out Your Paychecks

Wall Street Journal - 11 Feb 2022 20:00
New apps and the rise of the gig economy mean workers can get paid more frequently. That has a downside for people trying to save.
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What to Expect When Consumers Don't Expect Inflation to Last

Wall Street Journal - 11 Feb 2022 19:50
High inflation is weighing on consumer moods, but people still don't seem to think it will persist.
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Two Senior Federal Reserve Staffers Made Trades Amid Central Bank's 2020 Stimulus The central bank said both staffers were compliant with government rules.
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Investors Keep Tabs On Peloton Stock Amid Buyout Buzz Investors are looking into Peloton stock after CEO, John Foley, announced Tuesday that Spotify CFO, Barry McCarthy, will be replacing him when he steps down.
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The Trouble With a Stock-Market Bubble

Wall Street Journal - 11 Feb 2022 18:00
Past stock returns may be the best guide to the future, but they aren't as reliable as many investors think.
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Bloom Energy Stock Falls 23% Over The Last Month. Should You Buy? Bloom Energy stock, a company that sells solid oxide fuel cell generators, has declined by about 23% over the last month, considerably underperforming the S&P 500 which remains down by 3.3% over the same period. There ar...
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The Tax Advantages of Series I Savings Bonds

Wall Street Journal - 11 Feb 2022 17:00
Also: Don't miss out on the tax benefits of using qualified charitable distributions.
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Affirm's Results Affirm My Thesis: Sell This Stock I am not surprised to see the company guide expectations lower for revenue and profits and the stock has much farther to fall.
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Debate Among Federal Reserve Members Goes Public After Hot CPI Report Stocks and bonds sold off on Thursday after comments by key Federal Reserve members and a hotter-than-expected Consumer Price Index (CPI) report. Investors unsure on how many, how much and how often the Fed will raise ra...
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What's Happening With Rivian Stock?

Forbes - 11 Feb 2022 16:15
What's Happening With Rivian Stock? Electric pick-up truck startup Rivian stock (NASDAQ: RIVN) has stabilized a bit after seeing a big sell-off since its November IPO. The stock has gained almost 20% over the last two weeks (about 10 trading days) although...
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Affirm Can Use a Daily Affirmation

Wall Street Journal - 11 Feb 2022 15:58
Shares of the buy-now, pay-later provider sank after earnings, but it's still fast-growing and evolving.
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SMIC, China's largest chipmaker, is seen as a key player in Beijing's ambitions to become more self-sufficient in the semiconductor industry.
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Zoom, Workiva: Are Remote Working Stocks Poised For Another Dismal Year? Our theme of Work From Home Stocks - which includes companies that provide software focused on connectivity, collaboration, and cybersecurity - has declined by about 17% year-to-date, compared to the S&P 500, which remai...
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Dolly Parton Wants To Eliminate Your Student Loans. So, Dollywood Will Pay 100% Of Your Tuition. Say goodbye to your student loans.
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Cleveland-Cliffs Stock Rises Almost 20% In Ten Days - Here's Why Cleveland-Cliffs stock has jumped 8% in just the last one week and 18% in the last ten days. In comparison, the market has been flat in the last one week and up 4% in the last ten days. This reflects that CLF stock compl...
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Another Spring Thaw for the Economy

Wall Street Journal - 11 Feb 2022 14:33
With Covid-19 cases in retreat in the U.S. and around the world, the economy could heat up all over again.
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Capital One Stock Posted Better Than Expected Results In Q4, Is It A Buy? Capital One's stock has gained roughly 9% YTD as compared to the 4% drop in the S&P500 over the same period. Further, at its current price of $159 per share, it is trading 15% below its fair value of $182 - Trefis' estim...
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Does The Current Dip In Pfizer Stock Offer A Buying Opportunity? The stock price of Pfizer has seen a fall of 8% over the last month, while it is down over 3% in a week. The recent decline can be attributed to the company's mixed Q4 results, with sales falling below, and earnings abov...
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