Thursday, September 23
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5 major events in the financial market today: Dow futures rose by over 200 points, U.S. oil fell again to the $40 mark provider Investing.com

Yingwei Caixin -The following are the 5 major things to know about the financial market on July 13 (Monday): 1.Public health crisis spreads faster; Trump puts on mask According to the World Health Organization, the number of newly diagnosed cases worldwide reached a record high at the weekend, reaching 230,000. Last Friday, there were more than 70,000 new cases in a single day in the United States. Among them, the number of new cases in Florida alone exceeded 15,000, exceeding New York's peak in early April. At the same time, the Trump administration once again attacked Anthony Fauci, the country's top infectious disease expert. In an interview with the National Broadcasting Corporation of America, Assistant Secretary of the United States Department of Health and Human S...
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Apple stock gains after Wedbush says company could be worth $2 trillion next year

Shares of Apple Inc. AAPL, +0.24% are up 1.1% in premarket trading Monday after Wedbush analyst Daniel Ives boosted his price target on the stock to $450 from $425. His new target is the highest among those tracked by FactSet. Ives wrote that Apple could be the first company to notch a $2 trillion valuation in 2021 driven by momentum for the company's forthcoming iPhones. The company is set to debut its first 5G-enabled devices later this year and Ives sees room for a "massive pent-up iPhone 12 cycle," specifically in China but also worldwide, with many older devices due for upgrades. "We believe in China alone between 60 million to 70 million iPhones are in the window of an upgrade opportunity over the next year with Apple going aggressively at all pr...
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London Banks Urged to Pay Reparations for Historical Slavery Links

The Black Lives Matter movement is reinvigorating a yearslong campaign to push some of London’s oldest financial institutions to pay reparations to the descendants of slaves. City of London companies played an important role for centuries in organizing and funding the trans-Atlantic passage of African slaves and the Caribbean and American plantations where they were forced to work. Directors of the companies earned fortunes from the trade. The Bank of England, Barclays PLC and Lloyd’s of London insurance market are among those... www.wsj.com
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Polish president wins 2nd term after bitter campaign

Presidential candidate Rafal Trzaskowski flashes a victory sign at the end of the election day in Warsaw, Poland, Sunday, July 12, 2020. Voting ended in Poland's razor-blade-close presidential election runoff between the conservative incumbent Andrzej Duda and liberal, pro- European Union Warsaw Mayor Rafal Trzaskowski with exit polls showing the election is too close to call. (AP Photo/Petr David Josek)Incumbent President Andrzej Duda is hugged by his wife Agata Kornhauser-Duda in Pultusk, Poland, Sunday, July 12, 2020. An exit poll in Poland's presidential runoff election shows a tight race that is too close to call between the conservative incumbent, Andrzej Duda , and the liberal Warsaw mayor, Rafal Trzaskowski. (AP Photo/Czarek Sokolowski)Incumbent President Andrzej Duda flashes a...
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10 things you need to know before the opening bell

Here's what you need to know before markets open. 1. Global stocks surge despite record numbers of new coronavirus infections as investors focus on the start of earnings season. China's Shenzhen Composite surged 3.5%, while US futures are pointing to a positive open on the first day of a week that will see several US banks report Q2 earnings.2. Warren Buffett likely bought back more than $5 billion of Berkshire Hathaway stock in recent weeks, filings show. The amount is triple the value of his buybacks in the first quarter, and is likely an effort to capitalize on his company's huge cash reserves and depressed stock price.3. PepsiCo beats revenue estimates on increased snack consumption. Food and beverage giant PepsiCo saw revenues fall in the quarter, but les...
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Dow futures up more than 200 points as investors prepare for earnings season kickoff

Stock-index futures pointed to a higher start Monday as investors prepare for a tough earnings season and applaud news that the Food and Drug Administration granted “fast track” status to a pair of vaccine candidates produced by Pfizer Inc. and German biotech firm BoNTech SE. What are major benchmarks doing? Futures on the Dow Jones Industrial Average YM00, +0.67% rose 210 points, or 0.8%, to 26,187, while S&P 500 futures ES00, +0.64% gained 22.60 points, or 0.7%, to 3,201. Nasdaq-100 futures NQ00, +0.90% were up 96.75 points, or 0.9%, at 10,934. Stocks rose in thin trade last week, with tech stocks firmly in the lead. The Nasdaq Composite COMP, +0.66% on Friday scored...
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U.S. oil fell nearly 2%. Although the OPEC+ joint ministerial meeting is expected to release goodwill, the bulls must still be vigilant to the US capacity provider FX678

On Monday (July 13) in European markets, US crude oil futures prices fluctuated downward and broke below $40. Traders concerned about the joint ministerial meeting of the Organization of Petroleum Exporting Countries and their allies (OPEC+) to be held on July 15. It is expected that the meeting will recommend the relaxation of supply reduction measures, and OPEC+ expressed its intention to reduce the scale of production at the weekend, on the grounds that global fuel demand is expected to recover.Previously, OPEC and allies, including Russia, had reduced output by 9.7 million barrels for three consecutive months since May, setting a record, thereby successfully doubling oil prices and driving oil prices to rebound sharply from the decades lows in April.As of press time, the p...
Hot Stocks, NASDAQ:TEAM

Wait for a Pullback Before You Jump on TEAM Stock

Amid the Covid-19 pandemic, a series of work-from-home stocks have surged to all time highs against the backdrop of growing demand for remote work software. One such red-hot, work-from-home stock is Atlassian (NASDAQ:TEAM), the Australian enterprise software giant whose digital workflow management tools are considered by many to be mission-critical in a remote work environment. The chart speaks for itself. TEAM stock is up more than 60% year-to-date, and trades at fresh all time highs today. Source: flowgraph / Shutterstock.com Should you chase this big rally in TEAM stock? I'd be careful. Atlassian is a winning company. There's no doubt about it. The company's digital workflow management solutions will become increasingly mission-critical and ubiquitous over the next dec...
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Why Covid-19 Won’t Stop the New Shadow Banks

Shadow banking isn’t what it used to be. The Covid-19 crisis, far from tripping it up, could help complete its transformation. Last week, investment giant Apollo Global Management announced the creation of a $12 billion platform that will make loans of around $1 billion. This is another early sign that “direct lending”—where funds take on the role of banks by extending loans directly to firms—is expanding beyond its middle-market niche toward funding big companies.... www.wsj.com
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Netflix Can’t Afford a Weak Sequel

Netflix already proved itself a bona fide hit in a global pandemic. The streaming giant doesn’t have the luxury of putting up a dull second act, though. Having blown away Wall Street’s subscriber projections with its latest quarterly report in April, Netflix is under the gun to put up a strong repeat with its next report, slated for Thursday afternoon. The official consensus projection from FactSet largely matches Netflix’s official forecast for the addition of 7.5 million net new paid streaming subscribers in the second... www.wsj.com