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Market News

Location American Market News for 16 November 2021
Shares of Home Depot have climbed 39% this year, giving it a market value of $392 billion.
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Charles Schwab Stock Is Trading Below Its Fair Value Charles Schwab stock has gained 55% YTD, and at its current price of $82 per share, it is almost 10% below its fair value of $92 - Trefis' estimate for Charles Schwab's valuation. The company reported better than expecte...
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American Tower A Top 25 Dividend Giant With 2.01% Yield American Tower has been named as a Top 25 ''Dividend Giant'' by ETF Channel, with a stunning $18.18B worth of stock held by ETFs
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Alcoa Stock Above $50 - What's Behind This Surge? Alcoa stock has jumped 8.5% in just the last one week and has surpassed $50 level, outperforming the S&P 500 which declined marginally in the last week. If you look at the change in the stock over the last ten days and o...
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Disney Stock Drops After 2021 Earnings - Will It Bounce Back? Walt Disney stock (NYSE: DIS) is down more than 9% in just the last one week, completely underperforming the S&P 500. If you look at the change in the stock over the last ten days and one month, it has declined (-5.6% an...
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Qualcomm Sells an Almost Apple-Free Future

Wall Street Journal - 16 Nov 2021 22:08
The chipmaker sets better-than-expected growth targets even as it expects iPhone contribution to wane.
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Boston Red Sox Owner in Talks to Buy Pittsburgh Penguins

Wall Street Journal - 16 Nov 2021 21:50
Fenway Sports Group, the holding company that owns the Boston Red Sox, is in advanced talks to buy the hockey team.
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Is It Too Late To Get Into The Crypto Game?

Forbes - 16 Nov 2021 21:08
Is It Too Late To Get Into The Crypto Game? Many argue that crypto is still very much in its infancy with boundless opportunities ahead.
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Will Lowe's Stock Trade Lower Post Q3 Results? Lowe's is scheduled to report its fiscal third-quarter results on Wednesday, November 17. We expect the company's stock to trade lower post-third-quarter results - as its revenues and earnings are likely to miss consensu...
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Are multi-cap funds a good option amid pricey valuations? HDFC Mutual Fund and Axis Mutual Fund will launch multi-cap schemes later in the month, while a new fund offer (NFO) by IDFC MF is open for subscription
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Who's accountable if executor doesn't file returns of deceased? Under the applicable income tax provisions, the estate of the deceased is chargeable to tax
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Property sale or purchase, do not forget these tax aspects Buying a real estate asset also entails the responsibility of deducting TDS from the payment made to the seller
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Tax on your gold and real estate investments

livemint.com - 16 Nov 2021 20:36
Tax on your gold and real estate investments Here is a look at the taxes that apply to short-term and long-term gains from these two asset classes
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Gloom Over Holiday Sales Looks Inflated

Wall Street Journal - 16 Nov 2021 18:03
Americans may not be in good cheer about the economy, but robust retail sales data for October indicates they have their wallets open anyway.
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How To Retire In Just 5 Years With These 3 Funds Thinking of joining the "Great Resignation" crowd and dumping your 9-to-5 gig?
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Crypto Investors Want to Buy Rare Copy of Constitution

Wall Street Journal - 16 Nov 2021 17:43
The organization, ConstitutionDAO, is seeking to purchase a first-edition copy of the U.S. Constitution being auctioned off at Sotheby's this week. The auction house pegs the sale at between $15 million and $20 million.
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Walmart, Home Depot, & U.S. Retail Sales Hotter Than Expected Walmart and Home Depot Set a High Bar for Other Retailers
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Private-equity firm Carlyle Group is nearing a $2 billion deal to acquire AutoForm Engineering, a Switzerland-based industrial software provider, according to people familiar with the matter.
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Is This Apple Supplier A Better Pick Compared To Qorvo Stock? We think that Jabil, a manufacturing services company that produces casings for Apple's iconic iPhones and iPads, is a better bet compared to Qorvo, a semiconductor vendor best known for supplying radio frequency compone...
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Star Fidelity Stock Picker to Retire

Wall Street Journal - 16 Nov 2021 17:00
The executive will hand off his flagship Low-Priced Stock Fund to co-managers and remain as a senior adviser.
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Exxon, U.S. Bank: Stocks To Watch As Inflation Surges To 30-Year Highs The inflation rate in the U.S. continues to surge, with the consumer price index published by the Bureau of Labor Statistics last week rising by 6.2% in October compared to a year ago. This marks the fastest annual incre...
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What's Next For RCL Stock After 10% Decline Last Week? Royal Caribbean stock, the second-largest cruise line operator, has declined by about 10% over the week (five trading days), compared to the broader S&P 500, which remained roughly flat over the same period. The recent d...
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