Content
Investing Pro: Why PayPal, Square Are Getting Hit 'Square In The Gut'
Article By:
Benzinga
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Friday, October 23, 2020 2:12 PM EDT
Digital payment and fintech companies Paypal Holdings Inc. and Square Inc. are having a solid 2020, but Chantico Global CEO Gina Sanchez is sounding an alarm. PayPal and Square's stock surge has resulted in the two becoming "extremely overvalued."
GBP/USD Forecast: Gives Back Short-Term Gains - Friday, Oct. 23
Article By:
Christopher Lewis
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Friday, October 23, 2020 2:01 PM EDT
The British pound pulled back a bit during the trading session on Thursday as we continue to see a lot of noise in general. I think that the British pound is going to be thrown around by the latest Brexit headlines.
In this article: FXB
IBM Fails To Impress
Article By:
Sramana Mitra
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Friday, October 23, 2020 1:52 PM EDT
IBM reported its third quarter results this week that failed to meet the market’s expectations. This was the third consecutive quarter of revenue decline for the company as it struggles to navigate through the global pandemic.
The Best Utility Stock To Buy Now
Article By:
Money Morning
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Friday, October 23, 2020 1:33 PM EDT
Over the last 30 days, one sector had its best month of the year. And no, it wasn't tech. This sector outperformed the S&P 500 by 6% and is worth paying attention to now. We're talking about the utilities sector.
Labor Market Gets Back To Improving
Article By:
TheoTrade
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Friday, October 23, 2020 1:23 PM EDT
Based on the recent jobless claims reports, we were all expecting another weak reading. Instead, we got a strong downward revision and a decline this past week. California came back to the fold after a three week hiatus.
In this article: TLT
The Three Keys To This Market
Article By:
David Moenning
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Friday, October 23, 2020 1:06 PM EDT
There are three factors driving stock prices to-and-fro these days. First, there is the state of the on-again-off-again stimulus talks. Next, there is the state of the coronavirus pandemic. Finally, there is the rise in interest rates.
In this article: TLT
EUR/USD Forecast: Continues To Look Vulnerable - Friday, Oct. 23
Article By:
Christopher Lewis
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Friday, October 23, 2020 12:50 PM EDT
It looks as if the United States still cannot decide on stimulus, so that could bring a little bit of bullish pressure into the US dollar in general. Furthermore, we have to pay attention to what is going on in Europe, and it is not necessarily good.
In this article: FXE
Is The Fed Getting Nervous?
Article By:
Interactive Brokers
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Friday, October 23, 2020 12:40 PM EDT
Yesterday’s release set a new high. For the week ending October 21, the size of the balance sheet was $7.225 trillion, exceeding the prior high of June 10 by a “mere” $8.4 billion. Since bottoming on August 5, the balance sheet has grown by 3.3%.
In this article: SPX
Silver, Shine On Me
Article By:
Florian Grummes
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Friday, October 23, 2020 12:26 PM EDT
If you go to eBay, you will find prices for physical silver to be at least 20% higher per ounce than the spot price. This supply/demand imbalance has been persistent now for many weeks. I imagine the next few months will not be favorable, either.
In this article: SLV
Softs Report - Friday, Oct. 23
Article By:
Jack Scoville
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Friday, October 23, 2020 12:16 PM EDT
Cotton closed higher on the relatively strong weekly USDA export sales report. USDA reported good sales and also good shipments last week.
In this article: BAL (RETIRED), NIB (RETIRED), JO (RETIRED), SGG (RETIRED)
The Market Doesn't Like The Mystery
Article By:
Tim Ord
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Friday, October 23, 2020 12:11 PM EDT
The next few weeks may be challenging, as the market does not like the mystery of who will win the Presidential Election. Unless there are extreme readings in the tick and trin to show high degree of panic, the market may swing both up and down.
A Nail In The Gig Economy Coffin
Article By:
Shelly Palmer
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Friday, October 23, 2020 11:33 AM EDT
There is absolutely a place for this kind of regulation at the low end of the pay scale, but if you are an incorporated contract worker it is a hot mess.
Metals Fail To Break Higher On USD Sell-Off
Indian Investments In Global Equities: From Zero To Hero
Article By:
S&P Dow Jones Indices
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Friday, October 23, 2020 10:25 AM EDT
In 2020, the performance of the U.S. stock market again emphasized its potential applications for Indian equity portfolios.