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Market News

Location American Market News for 13 June 2022
A couple's story on meeting major financial goals via SIP route Freddy and his wife applied for their son's passport soon after his birth and opened a bank account in his name
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Palantir Stock Looks Like Good Value At $9

Forbes - 13 Jun 2022 14:00
Palantir Stock Looks Like Good Value At $9 Firstly, investors are likely seeing a lot more value in Palantir stock, which now remains down by over 50% year-to-date, and by almost 75% from its 2021 highs.
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Stocks This Week: Sell Short Dentsply Sirona And Ebay Short selling has worked well over the last two weeks. Here are two more recommendations.
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Liquidity Reserves and Commodity Reserves: A Marriage Proposal Re-industrialization by Western economies, with climatic & geopolitical shifts, is rendering more prices than interest rates crucial. Prices of grains, fuels, & inputs to new industries too must be collared. Central bank...
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MicroStrategy Stock Falls 25% on Bitcoin Plunge

Wall Street Journal - 13 Jun 2022 23:34
The company had said it would face a margin call if the price of bitcoin drops to about $21,000.
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The Real Reason Behind Higher Oil And Gasoline Prices Oil and gasoline prices are heading higher. What determines the price of each? You won't get the answer by listening to media sound bites.
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Russia's McDonald's Knockoff Isn't Original

Wall Street Journal - 13 Jun 2022 22:18
Imitating the golden arches works until they actually show up in your country.
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A Perfect Storm: Myriad Factors Drive Bitcoin To Lowest Since December 2020 Bitcoin prices have recorded sharp losses recently, pushing the digital currency to its lowest in more than a year. Several analysts weigh in on what variables fueled these losses.
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The bank's CEO reiterates at an investor conference that he expects any U.S. downturn to be mild and short-lived.
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Coinbase Shares Succumb to Crypto Rout

Wall Street Journal - 13 Jun 2022 19:35
The cryptocurrency exchange's stock traded near its all-time low on Monday as investors retreated further from cryptocurrency and other risky assets.
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Compare company FD rates and ratings

livemint.com - 13 Jun 2022 19:16
Compare company FD rates and ratings An AA rating indicates that the degree of safety regarding timely payment is strong; the higher the rating, the better the risk capacity of the issuer
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Are short-duration funds a good bet as interest rates rise? According to Axis MF, for investors with medium term investment horizon (above three  years), incremental allocations to such duration may offer significant risk reward opportunities
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Wells Fargo Becomes Oversold

Forbes - 13 Jun 2022 18:57
Wells Fargo Becomes Oversold But making Wells Fargo an even more interesting and timely stock to look at, is the fact that in trading on Monday, shares of WFC entered into oversold territory, changing hands as low as $38.79 per share.
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Don't shuffle your portfolio amid global volatility

livemint.com - 13 Jun 2022 18:36
Don't shuffle your portfolio amid global volatility Stick to your original asset allocation till there's some clarity on geo-politics
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Gas taxes, fuel infrastructure availability, and cost of labor and real estate all determine gas prices across states.
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A Low In Sterling Is Due

Forbes - 13 Jun 2022 18:00
A Low In Sterling Is Due The pound sterling is due to bottom.
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Bond Yields Surge Ahead of Fed Meeting

Wall Street Journal - 13 Jun 2022 17:54
The yield on the 10-year U.S. Treasury note was on pace for its highest close since 2011, propelled by fears that persistent inflation could push the Fed to raise rates higher than expected.
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Buy Now, Pay Later Will Get More Than One Bite at the Apple

Wall Street Journal - 13 Jun 2022 17:39
Competition isn't the only thing that will factor into the performance of split-payment services; underwriting and pricing will also be key.
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The SEC faulted the company for not disclosing enough about a practice of keeping some client assets parked in cash.
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LNG Prices Will Steam Up Again

Wall Street Journal - 13 Jun 2022 16:03
Prices of the fuel have mostly trended lower since hitting highs this past spring. But that is unlikely to last in a fragile market.
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SunPower Corporation Stock Has Jumped Nearly 5x Since 2018: Here's Why SunPower Corporation (NASDAQ: SPWR) stock price gained 4.6x from $4.10 at 2018 end to around $18.86 currently, primarily due to favorable changes in its P/S multiple.
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Bajaj Finance increase its FD rates by up to 20 basis points The revised rates on Bajaj Finance FDs are effective from June 14, 2022. The revised rates will be applicable to fresh deposits and renewals of maturing deposits
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