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Market News

Location American Market News for 30 November 2022
Housing Price Index Slows And Consumer Confidence Falls As Potential Recession Inches Closer It's the latest in a string of negative economic data, but it's not all bad news with data such as consumer spending and the unemployment rate holding up surprisingly well.
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Is Philip Morris Stock A Better Pick Over Its Sector Peer? We believe that the tobacco giant Philip Morris stock (NYSE: PM) is a better pick over its sector peer, Procter & Gamble stock (NYSE: PG), given its better prospects.
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Stocks on Track for Second Straight Monthly Advance

Wall Street Journal - 30 Nov 2022 14:48
Stocks and bond prices were poised for monthly gains as investors awaited comments by Federal Reserve Chairman Jerome Powell.
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Last quarter, Salesforce trimmed its year-end estimates for both revenue and earnings.
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Slowdown Ahead? A Jobs Report Preview

Forbes - 30 Nov 2022 22:38
Slowdown Ahead? A Jobs Report Preview Expectations for the next jobs report are down, but Commonwealth CIO Brad McMillan says a miss might actually be good for the markets.
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Jerome Powell Says Federal Reserve's Rate Hikes Could Slow As Soon As December Stocks jumped Wednesday afternoon after Federal Reserve chair Jerome Powell indicated a reprieve from the Fed's most aggressive interest rate hikes in four decades is on the horizon as soon as next month.
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Don't Bet On A Rebound For DocuSign Stock Just Yet The shares of DocuSign (DOCU) have been struggling to rebound from their Nov. 9, three-year low of $39.57.
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Jerome Powell Says Federal Reserve's Rate Hikes Could Slow As Soon As December However, the Fed chair warned, "History cautions strongly against prematurely loosening policy" and he "will stay the course until the job is done."
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Layoffs? What Layoffs?

Wall Street Journal - 30 Nov 2022 20:28
All those big job-cut announcements aren't putting a dent in the official layoff statistics. That says something about the job market.
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Should I invest in PPF or index funds for a 15-yr horizon? From a taxation perspective, returns from index investing would be subject to a 10% taxation after the first ₹1 lakh in profit. The long-term capital gains tax rate of 10% applies on mutual fund units sold after one ye...
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Consumer Confidence Slips Into The Holiday Season Consumer confidence fell for the second consecutive month in November as high inflation dogs consumers entering the holiday season.
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Even CrowdStrike Isn't on Safe Ground

Wall Street Journal - 30 Nov 2022 18:52
The cloud-software vendor's bleak projection shows cybersecurity isn't immune to an economic slowdown.
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Ether Retains Majority Of Recent Gains As China Continues To Ease Covid Restrictions Ether prices have rallied lately, climbing over 10% in under 48 hours. Since then, they have experienced very little downside, fluctuating within a reasonably tight range. The digital currency has shown this strength at ...
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Three Doji Buys For December

Forbes - 30 Nov 2022 18:24
Three Doji Buys For December In his regular monthly scan the Viper Report's Tom Aspray has three stocks that look positive for the month ahead.
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Gemini Crypto Pauses Withdrawals, Fallout Continues From FTX Collapse What's the latest Gemini crypto news? Well, Gemini recently announced they were pausing withdrawals, launching their own Trust Center, and what this means for crypto investors.
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Are SIPs 'really' responsible for lack of luxury car sales? It's well known that the average SIP size of some of the biggest MF distributors in India is in the range of ₹2,000-3,000. Hence, for people looking to buy an entry level car and having SIPs of around ₹10,000-15,000 ...
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Do you need to pay tax on severance payment after job loss? One way in which you may get tax relief on the severance package is when it is paid under voluntary retirement scheme (VRS), according to Section 10(10C) of the Income Tax Act. The section allows one-time exemption to em...
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Tax exemption on LTCG after selling house allowed even if the new property is bought on loan This article is limited to the tax implications of long-term capital gains, or LTCG, because short-term capital gains (STCG) on a house property are fully taxable at the applicable tax slabs. The only exemption taxpayers...
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Disney Stock Outlook: New CEO, New Deals, New Streaming Strategy Bob Iger is the CEO of Disney again after a poor earnings report and ongoing underperformance at Disney Streaming. Iger just inked a new $900 million deal with BAMTECH Media at a $6B valuation, signaling a renewed focus ...
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Earnings Beat In The Cards For Lululemon Stock? Lululemon (NASDAQ: LULU), a company designing and selling athletic and casual apparel, is scheduled to report its fiscal third-quarter results on Thursday, December 8.
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Yelp's Stock Down 19% This Year, What's Next? After a 19% decline year-to-date, at the current price of around $29 per share, we believe Yelp's stock (NASDAQ: YELP), an online site for discovering local businesses ranging from bars, restaurants, and cafes, to hairdr...
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What's Chairman Powell Thinking?

Forbes - 30 Nov 2022 15:47
What's Chairman Powell Thinking? Today we will get readings on GDP, job openings and perhaps most importantly, Fed Chair Powell speaks late in the day.
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