Investing Market Blog

Higher bond yields bring Wall Street rally to a screeching halt

If you thought worries about higher bond yields were behind us, the equity market’s performance last week just proved you wrong. Yields firmed yet again, despite the U.S. central bank signalling a continued low-rate regime. And this weighed on Wall Street’s key indexes too. The Dow (DJI) and the S&P 500 (GSPC) shed 0.5% and 0.8% each — snapping a two-week winning streak. The Nasdaq (IXIC), meanwhile, closed the week
Investing

Bitten by the bitcoin bug? How Elon Musk, Jack Dorsey or Michael Saylor could be of help to you

What’s common between Tesla (TSLA), MicroStrategy (MSTR) and Square (SQ)? For one thing, all their shares have soared about 500%-800% in just the past one year. But what’s more interesting is that these three companies, along with a select other U.S. firms, are your gateway to the world of Bitcoin.T 3-month returns chart of Bitcoin This was the case for a three-month period. The yearly gains are even more mind
Market Blog

Bulls roar on Wall Street as Dow scales fresh peaks

The Dow (DJI) hit five straight record highs; the S&P 500 (GSPC) and the Nasdaq (IXIC) witnessed biggest weekly rises since early-February. Why? U.S. President Joe Biden’s $1.9-trillion COVID-19 relief bill was approved last week. It is dubbed to be one of the largest economic stimulus in American history.  That pushed investors to mop up growth-oriented shares, helping the Dow add 4.1% for the week. The S&P 500 and the Nasdaq added 2.6% and 3.1%,
Investing

Shopping for retailer stocks? Here’s what’s in store for you

Did you know about an ecommerce stock that surged over 1,000% during the pandemic year? Or how about some household names among physical retailers that jumped about 60%-75% in a year marred by lockdowns and store closures? Investors in Utah-based Overstock.com (OSTK), an online furniture retailer, and the likes of Target (TGT) and Kohl’s (KSS) must be a happy bunch with their returns, especially in a turbulent environment brought about
Investing

Companies to Watch Out for in 2021

As this pandemic age comes with new innovations, groundbreaking developments, and revised standards of living, companies must revolutionize themselves and nimbly adapt to the present. The past year saw an unprecedented switch to the internet, as the people of the world sat stuck in their homes facing a global lockdown. This week, we will discuss in detail, prospects of two such companies that stand to weather this storm and take
Market Blog

Nasdaq sees third straight weekly loss, down over 8% from Feb highs

U.S. stocks witnessed a volatile week as a tech-led sell-off weighed on the markets, although a shift to cyclicals in a recovering economy helped limit losses and stay afloat. Concerns about rising bond yields jittered investors who were worried about a tightening of monetary policy. The weakness intensified after Federal Reserve Chair Jerome Powell failed to quell investors’ worries around higher yields. Towards, the end of the week, however, markets
Investing

Investors continue to ‘Snap’ up this social media stock. Here’s Why:

While the novel coronavirus crisis in 2020 hurt global economies and singed the corporate sector, social media stocks in the United States were outliers amid this pain. Companies in this segment witnessed stellar business growth, boosting values of their shares along with major Big Tech winners of Apple (AAPL), Amazon (AMZN), Google (GOOG), and Netflix (NFLX), among others. The likes of Facebook (FB), Twitter (TWTR), Snap (SNAP), Match (MTCH), Weibo
Market Blog

JNJ’s Single Dose Vaccine gets FDA Approval

Shares on Wall Street recorded a negative close as firming U.S. Treasury yields outweighed optimism about an improvement in the country’s economy. The Dow Jones (DJI) shed 1.8% for the week, while the S&P 500 (GSPC) and the Nasdaq (IXIC) slid 2.45% and 4.9%, respectively. Major tech names such as Apple (AAPL), Amazon (AMZN), Facebook (FB) and Tesla (TSLA) dropped throughout all sessions during the week, with stocks recording losses
Investing

Music Stocks Strike the Right Chord with Investors

Music stocks in the United States, including those offering streaming services, were buzzing all through the pandemic year of 2020 on the back of windfall gains from higher subscriptions and ad revenues, among others.  Stay-at-home customers downloaded and paid their due for using more of such apps, and businesses rushed to advertise on such platforms to cash in on their popularity and reach. Stockholders of these companies were rewarded with
Investing

Kratos and Skechers: Hot Investments to Strengthen Your Portfolio

When the markets face constant fluctuations and investor battles like never before, it becomes necessary to understand what stocks are really performing well and are a reliable investment, both in terms of growth and for the long-term perspective. Two such stocks that grab attention are Kratos Defense and Security Solutions Inc. (KTOS) and Skechers U.S.A. Inc. (SKX). While Kratos has recently become popular in the market, having already returned 61%