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November 23, 2020

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Wall Street’s top analysts say buy stocks like Amazon and Yelp amid virus resurgence

CNBC
CNBC – For more and to sign up click here Jin Lee | Bloomberg | Getty Images Out on Wall Street, stocks are taking a breather from this month’s rally. Despite encouraging updates on a potential coronavirus vaccine, disappointing unemployment data and a spike in coronavirus cases have spooked investors.......

Trump bid to overturn vote crashes into wall of deadlines

Politico
Politico.com – For more and to sign up click here White House press secretary Kayleigh McEnany claimed the afternoon meeting was not “an advocacy meeting.” “There will be no one from the campaign there,” McEnany said during a press briefing Friday. “He routinely meets with lawmakers from all across the......

Breakingviews – Boutique SPAC merges Wall Street and Easy Street

Reuters
A Wall Street sign is pictured in front of the New York Stock Exchange, open during Winter Storm Juno, in the Manhattan borough of New York January 27, 2015. REUTERS/Carlo Allegri NEW YORK (Reuters Breakingviews) – Wall Street’s advisory shops should know a good deal when they see one. Perella......

Under pressure from Wall Street, General Motors has no interest in spinning off EV business

CNBC
CNBC – For more and to sign up click here General Motors has no plans at this time to spin off its electric vehicle business despite pressure from Wall Street to do so, GM President Mark Reuss told CNBC. Reuss said the Detroit automaker analyzed the potential of a spinoff......

Top Wall Street analysts back stocks like Lyft and Square amid vaccine hopes

CNBC
CNBC – For more and to sign up click here Air travelers walk toward a Lyft pickup area at Los Angeles International Airport (LAX) on August 20, 2020 in Los Angeles, California. Mario Tama | Getty Images The Democrats have gained control of the White House, and Wall Street appears......

Wall Street jumps, Treasury yield curve steepens after earnings, Biden assurances

Reuters
NEW YORK (Reuters) – U.S. stocks were sharply higher and the Treasury yield curve steepened on Friday as upbeat earnings and President-elect Joe Biden’s COVID advisory team helped reassure investors about the threat of new pandemic-related lockdowns to combat record spikes in coronavirus infections. FILE PHOTO: The front facade of......

Analysis: President Trump’s GOP wall of support is cracking

CNN
USA TODAY – For more and to sign up click here There is still no sign that Trump and leading Republicans plan to actively congratulate Biden. Trump is still tweeting conspiracy theories about the election to stoke outrage within his politically activated base, and GOP members are looking to him......

Wall Street closes sharply lower, Treasury yields drop as shutdown fears mount

Reuters
NEW YORK (Reuters) – Wall Street dropped in a broad sell-off and U.S. Treasury yields fell on Thursday as spiking COVID-19 infections raised the probability of a new round of economic shutdowns, and investors grappled with the realization that any potential vaccine remains months away from coming to market. FILE......

Wall Street ends sharply lower as pandemic fears resurge

Reuters
(Reuters) – Wall Street ended sharply lower on Thursday as U.S. coronavirus infections surged and investors weighed the timeline for the mass rollout of an effective vaccine. FILE PHOTO: Numbers showing the state of the Dow Jones Industrial Average are displayed above the floor after the closing bell at the......

Wall Street is ‘being very cavalier’ about virus cases, election turmoil and stimulus uncertainty, Jim Cramer says

CNBC
CNBC – For more and to sign up click here Jim Cramer: Wall Street ‘very cavalier’ about risks the U.S. faces Search quotes, news & videos Source – Click here for more To Return to the Main Aggregate News Page – click here...

Wall Street firm just did something it hasn’t done since last February: Turn positive on stocks

CNBC
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Wall Street’s top analysts are betting on stocks like Qualcomm & Humana

CNBC
CNBC – For more and to sign up click here 2011 Gain: $32.87 (60%) 2011 Closing price: $87.61 Last year, investors turned away from HMO stocks such as this, fearing the impact of a new health care overhaul rule involving medical-loss ratios. However, Humana showed it was able to manage......

Former Wall Street cop Gary Gensler to join Biden transition

Politico
Politico.com – For more and to sign up click here A spokesperson for the Biden transition team declined to comment. The Wall Street Journal earlier reported Gensler’s involvement. Sources said they also expected Don Graves, who recently worked for Cleveland-based KeyBank, to focus on financial policy. Graves, who was already......

Biden taps Gensler to work on Wall Street oversight review – source

Reuters
By Trevor Hunnicutt, Michelle Price WASHINGTON (Reuters) – Democratic presidential candidate Joe Biden, who appeared to be closing in on an election victory, has tapped former derivatives market regulator Gary Gensler to work on a transition plan for financial industry oversight, according to a person with direct knowledge of the......

Wall Street Week Ahead: Small caps join market rally but pandemic could derail them

Reuters
NEW YORK (Reuters) – U.S. small caps joined in the broad market rally in the days after Election Day as investors priced in the likelihood of a divided Washington with Democrat Joe Biden president and Republicans maintaining their Senate majority. FILE PHOTO: People wearing protective face masks walk outside the......

Futures slip after strong Wall Street rally as Biden edges closer to White House

Reuters
FILE PHOTO: The statue of former U.S. President George Washington stands across the New York Stock Exchange (NYSE) following Election Day in Manhattan, New York City, U.S., November 4, 2020. REUTERS/Andrew Kelly (Reuters) – U.S. stock index futures slipped on Friday after a sharp rally pushed the S&P 500 up......

Biden rebuilding ‘blue wall’ in race for the White House

Detriot News
Detroit News – For more and to sign up click here Washington – Democrat Joe Biden was pushing closer to the 270 Electoral College votes needed to carry the White House, securing victories in the “blue wall” battlegrounds of Wisconsin and Michigan, and narrowing President Donald Trump’s path. With just a......

Analysis: No White House result? Wall Street’s ‘fear gauge’ shows less panic

Reuters
NEW YORK (Reuters) – Going into Election Day, market participants fretted about possibly waking up to an unclear result. But with that outcome realized, they seemed remarkably calm about not knowing the winner of the U.S. presidential race. FILE PHOTO: A statue of George Washington stands as Federal Hall across......

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