Tag Archives: Markets

(Bloomberg) — Robinhood Markets Inc. is now looking to go public in July, after its plans for a listing as soon as this month slipped, according to people familiar with the matter. Robinhood wants to time its initial public offering so people will be back from July 4 holiday travel, said the people, who asked to not be identified because the matter isn’t public. A final decision hasn’t been made and Robinhood’s listing plans could change again, the people said. The popular trading app,… Source link

TipRanks 3 ‘Strong Buy’ Stocks with 100% Upside Potential Every stock investor wants a strong return; that’s axiomatic, it’s why people get into the stock market to begin with. But the markets are inherently risky, and finding the sweet spot – the right combination of risk and reward – seems as much an art as a science. You can use science, however, to minimize the risk. We’re talking about statistical science, the study of numbers, their patterns, and the relationships between… Source link

Bloomberg Inside the Race to Avert Disaster at China’s Biggest ‘Bad Bank’ (Bloomberg) — It was past 9 p.m. on Financial Street in Beijing by the time the figure inside Huarong Tower there picked up an inkbrush and, with practiced strokes, began to set characters to paper.Another trying workday was ending for Wang Zhanfeng, corporate chairman, Chinese Communist Party functionary—and, less happily, replacement for a man who very recently had been executed.On this April night, Wang was… Source link

(Bloomberg) — European stocks were little changed on Monday as gains in automakers offset declines in energy shares, while Asian equities were mixed amid a spike in Covid-19 cases. The Stoxx Europe 600 Index traded modestly lower, with Ryanair Holdings Plc among the gainers after the airline pointed to a strong recovery in the second half. Stocks in Asia were mixed, as shares in Taiwan fell as the country raced to contain its worst outbreak of the coronavirus. U.S. equity futures slipped… Source link

TipRanks 3 Monster Growth Stocks That Are Still Undervalued A lackluster jobs report didn’t derail the markets last week. New jobs in April totaled only 266,000, far below the 978K expected, and the official unemployment rate, which had been predicted to come in at 5.8% actually ticked up slightly to 6.1%. Even so, the tech-weighted NASDAQ gained 0.88% in Friday’s session, the broader S&P 500 was up 0.75% at the end of the day. These gains brought the S&P to a new record level, with a… Source link

Bloomberg U.S. Pushes Vaccine Waiver; Japan’s Emergency: Virus Update (Bloomberg) — U.S. support for a waiver of patent protections for vaccines is heading to the World Trade Organization, with the European Union and China signaling a willingness to take part in the negotiations.India reported its highest-ever daily tally of 412,262 new virus cases and also a record 3,980 deaths. Indian drugmakers warned that a halt on some cargo flights from China could disrupt the global pharmaceutical… Source link

(Bloomberg) — U.S. equity futures climbed and stocks in Asia dropped Monday as investors assessed inflation risks amid improving economic activity. The dollar held onto gains. Hong Kong led losses amid low volumes with Japan and China, as well as the U.K., among markets closed for holidays. U.S. and European futures edged higher after the S&P 500 dropped from a record Friday, amid data pointing to price pressures and talk of a possible pullback in central bank support. Still, the U.S. gauge… Source link

(Bloomberg) — U.S. equities slipped from all-time highs as technology shares faltered ahead of a batch of earnings reports from industry heavyweights. The S&P 500 fell for the first time in three sessions, with Tesla Inc. and Alphabet Inc. the biggest contributors to the decline. The tech-heavy Nasdaq 100 fell the most among the major U.S. indexes. 3M Co. weighed down the Dow Jones Industrial Average after it warned that rising costs for raw materials and transportation is a worsening… Source link

TipRanks Raymond James: These 3 Stocks Have Over 100% Upside on the Horizon We’re now in the heart of earnings season, and investors are paying close attention as companies report their financial results from the first quarter of 2021. It’s a routine, in some ways, but in others, there has never been an earnings season quite like this. It’s the first one post-pandemic, but perhaps more importantly, the results are coming out during a time of nearly unprecedented government stimulus… Source link

(Bloomberg) — U.S. Treasury yields rose amid confidence the Federal Reserve will remain accommodative even as robust growth takes the world’s largest economy back to pre-pandemic levels. Stock-index futures were mixed. Havens including the dollar and government bonds were under pressure while copper, seen as a barometer of growth, surged to the highest in a decade. The U.S. 10-year rate bounced back from its 50-day moving average, underscoring the reflation trade is still alive, but… Source link