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Market News

Location American Market News for 23 August 2023
Arm IPO Filing: Chip Maker Files To Go Public In The U.S. Semiconductor chip maker Arm has officially filed for its IPO on the Nasdaq, which could spark a boom in new tech IPOs
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Why Homebuilders Like Lennar And Pulte Group Are Faring Well Despite Surging Mortgage Rates This compares to the S&P 500 which remains up by about 14% over the same period.
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The Fed Will Send These Safe Dividends Soaring In 2024 We're bullish on utilities now because this economy is bogging out. We got more proof of that last week, with China posting an anemic 0.8% growth rate in Q2.
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Department Stores Are Maxed Out

Wall Street Journal - 23 Aug 2023 17:27
Bearish commentary from some retailers, including Macy's, paints a worrying picture of American consumers.
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CVS is looking to strengthen its foothold in the biosimilars market, which is expected to grow to $100 billion over the next six years.
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S&P 500 Has Best Day Since June

Wall Street Journal - 23 Aug 2023 23:00
Technology and real-estate shares lifted the S&P 500 to its best daily performance since June despite surveys that flashed warnings of economic slowdown.
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Why Nvidia Stock Could Soar To $1,000 A Share Nvidia stock soared in after-hours trading Wednesday.
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What Is Portfolio Income?

Forbes - 23 Aug 2023 21:25
What Is Portfolio Income? For most people, portfolio income is their pathway toward financial freedom. Money saved during the working years can be used to create an investment portfolio that can then generate income during retirement. In this art...
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The Fed Claims To Be Fighting Inflation. It May Actually Be Making It Worse. The Fed is raising rates to bring overall inflation down, but higher rates might actually exacerbate inflationary pressures related to rents.
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Could China's Digital Yuan Challenge U.S. Dollar Dominance? While the promise of CBDCs is real, the U.S. dollar is unlikely to be toppled from its position as the global reserve currency anytime soon.
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How consumer behaviour plays a significant role in investment decisions The stock market hitting a new all-time high recently, and hovering around it now, has rekindled the interest of investors.
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How Axis Mutual Fund plans to turn around its ship now It's been a little over a year since a massive front-running scandal erupted at Axis Mutual Fund. The firm has since set its house in order and is now readying for a fresh innings.
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Will TDS apply despite capital loss from sale of property? There has been a fair amount of debate in the past on whether TDS is to be made on the entire amount of sale consideration or only on the portion of income chargeable to tax.
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How High a Rate Can Housing Take?

Wall Street Journal - 23 Aug 2023 18:12
Home builders are thriving despite the highest mortgage rates in a generation, but existing homeowners might have less to celebrate if high rates persist.
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Apple Stock Dividend Analysis

Forbes - 23 Aug 2023 17:53
Apple Stock Dividend Analysis Researching Apple stock's dividend metrics? You're not alone. Here's analysis and summary of AAPL stock's dividend yield, history, payout and more.
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Abercrombie & Fitch has posted strong sales, even as other retailers see a weaker and choosier consumer.
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SEC Takes on Private Equity, Hedge Funds

Wall Street Journal - 23 Aug 2023 16:00
Wall Street's main regulator is set to approve new rules aimed at overhauling the way private-equity and hedge funds deal with their investors.
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Should You Buy Deere Stock After A 10% Fall In A Week Despite Solid Q3? We believe the selling in Deere is overdone, and investors will likely be better off buying this dip for reasonable gains in the long run.
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What To Expect From Nvidia's Earnings

Forbes - 23 Aug 2023 14:55
What To Expect From Nvidia's Earnings Nvidia Inc. is scheduled to report earnings after Wednesday's close. Here is a closer look at the numbers and what it means for the market.
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What To Expect From Nvidia's Earnings Today

Forbes - 23 Aug 2023 14:55
What To Expect From Nvidia's Earnings Today Nvidia Inc. is scheduled to report earnings after Thursday's close. Here is a closer look at the numbers and what it means for the market.
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Peloton's shares plunged 28% after the company posted a wider than expected loss and churn that it blamed on its Bike seat recall and seasonality.
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Nvidia Earnings After The Close

Forbes - 23 Aug 2023 14:33
Nvidia Earnings After The Close Stocks opened Tuesday with a surge of strength, led by market stalwarts such as Nvidia.
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