In a week in which the S&P 500 sets a record in the midst of a pandemic, it’s fair to consider at least the bottom 495 parts. Michael Batnick, director of research at Ritholtz Wealth Management, points out 94% of the S&P 500 SPX, + 0.31% components trade below their …
Read More »Asian markets follow Wall Street higher thanks to fax hopes
TOKYO – Asian equities were higher on Friday over hopes of developing a vaccine for coronavirus, although concerns remained about long-term economic damage from the pandemic. The rise in regional benchmarks echoes the gains on Wall Street, which were led by large technology companies benefiting from people staying home during …
Read More »Johnson & Johnson adds debt frenzy, borrowing $ 7.5 billion to buy Momenta
The Johnson & Johnson logo is displayed outside the company’s headquarters in New Brunswick, NJ Bloomberg News Johnson & Johnson on Thursday announced their top AAA credit ratings to borrow $ 7.5 billion in cheap financing for their acquisition of Momenta Pharmaceuticals, Inc. J&J, which makes drugs, consumables and medical …
Read More »10 stocks positioned for an ‘abrupt’ rebound when normality finally returns – none of them is tech
The shareholder retains the constant stream of restless headlines and somber metrics in a fierce connection with the economy that has been hotly debated on Wall Street. To read:Jim Cramer urges investors not to be fooled by new heights in the stock market And while it may seem rather toppy …
Read More »Asian markets fall after Fed minutes bring reality check
Asian stocks slipped Thursday after sobriety set in on Wall Street, and minutes from the US Federal Reserve posed economic challenges amid the coronavirus pandemic. Japanese benchmark Nikkei 225 NIK, -0.99% fell 1% in early trade, and the Kospi of South Korea 180721, -3.79% ploft 3.1%. Hang Seng HSI from …
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