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Market News

Location American Market News for 18 September 2023
Mexico's Airlines Safety Upgrade May Be The Lift Investors Have Been Waiting For Mexico's air safety rating was upgraded from Category 2 back to Category 1 by the Federal Aviation Administration (FAA), the agency announced last week.
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Tencent's Top Shareholder Needs More Companies Like Tencent

Wall Street Journal - 18 Sep 2023 16:45
Prosus and Naspers, which made a wildly successful early bet on the Chinese tech giant, unexpectedly replaced their CEO.
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Street Earnings Overstated For 70% Of S&P 500 In 2Q23 Core Earnings show Street Earnings fail to account for a material amount of unusual income and charges which distorts investors' view of profitability across the S&P 500.
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Stocks Tick Up in Quiet Session Ahead of Fed Decision

Wall Street Journal - 18 Sep 2023 22:19
U.S. stocks inched higher Monday, with technology shares stabilizing after slumping at the end of last week.
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Instacart: Likely Unsustainable Profits And An Expensive Valuation This stock looks more than fully valued, and we think investors should pass on this IPO.
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The Flawed CPI: The Fallacy Of Year-Over-Year Inflation Reporting The CPI's year-over-year comparison distorts the true picture of inflation. Shorter averaging intervals show Fed's 2% inflation target has almost been reached.
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Unpacking Niyo Solutions' zero forex markup cards

livemint.com - 18 Sep 2023 19:17
Unpacking Niyo Solutions' zero forex markup cards Fintech companies like Niyo Solutions are offering debit and credit cards in partnership with banks to provide a superior online banking experience.
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How do I file a complaint against rejection of insurance claim? Since, the amount of claim is only ₹2 lakh, you can file a complaint with the district consumer disputes redressal forum.
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The SAVE repayment plan might benefit up to 20 million borrowers, the Biden administration estimates.
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The Fed Isn't Getting the Economy It Expected

Wall Street Journal - 18 Sep 2023 15:00
Federal Reserve policy makers' projections for inflation this year look as if they could be too high, while their GDP projections look too low.
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Will DexCom Stock Recover To Its Pre-Inflation Shock Highs Of $160? The notable increase in DexCom's revenues over recent quarters has also contributed to the stock recovery.
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Inflation Pressure And The Fed

Forbes - 18 Sep 2023 14:27
Inflation Pressure And The Fed The big story this week will be the Fed meeting at the conclusion of which, it's expected interest rates will remain unchanged.
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Should You Pick Howmet Over Textron Stock?

Forbes - 18 Sep 2023 14:00
Should You Pick Howmet Over Textron Stock? Looking at stock returns, TXT has underperformed with 7% returns this year, compared to 19% gains for HWM and a 16% rise in the S&P500 index.
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Which Is A Better Pick - Lockheed Martin Stock Or Starbucks? We believe both Lockheed Martin stock (NYSE: LMT) and Starbucks stock (NASDAQ: SBUX) can see higher levels and will offer similar returns in the next three years.
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Investors Keep Putting Money Into Private Credit

Wall Street Journal - 18 Sep 2023 12:30
Key flows of money into private-investment vehicles seem to be stabilizing, boosting shares of managers.
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Sell Short The US 10-Year Note

Forbes - 18 Sep 2023 12:00
Sell Short The US 10-Year Note The period from the 19th to the 23rd has been one of the most bearish seasonal periods in any year, down over 80% of the time. These are great odds for a short seller.
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Does Pact With Amazon Make Shopify Stock A Buy? This is well ahead of the Nasdaq-100, which remains up by 42%.
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What's Next For Sirius Stock After A 26% Fall This Year? Sirius stock had a rough start to 2023 and declined from $5.84 to $4.32 YTD, negatively impacted by headwinds in advertising and a delayed recovery in the auto sales i...
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Singtel Sells $807 Million Stake In Southeast Asia Data Center Unit To KKR The deal puts the enterprise value of the Singtel unit at S$5.5 billion.
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You Might Be Paying Too Much for That Index Fund

Wall Street Journal - 18 Sep 2023 05:00
The push toward zero-cost exchange-traded funds nears the finish line.
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The Inflation War Has Been Won; Time To Start Fighting The Recession The economy has shown signs of weakening as the rate rises have moved toward restriction. Given the lags, "restrictive" policy is about to bite, and bite hard!
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Stocks This Week: Sell Short AutoZone

Forbes - 18 Sep 2023 00:05
Stocks This Week: Sell Short AutoZone The next week is post-OPEX week (18th through the 22nd) and the most bearish week in any year, September 19-26, down only 66% of the time. Here is a short sale.
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