Stock market news December 30, 2020

Stock market weekly update Read our exclusive US Stock Market Weekly Update May 11- May 15, 2020 on TalkMarkets. We make a weekly summary of the US stock market performance, mention key economic news and stocks, stock movers.

Most active stocks for June 15, 2020, US stock market These are the most active stocks for the US stock market on June 15, 2020. Stock market data: Investing.com Stock market Daily posts about the US stock market, stock news, stocks, stock market news, stock market today, investing, and a  stock market newsletter, with stocks to buy, stocks to sell. Trading and Investing Check this link if you are interested in trading.

Stock market news The latest stock market news for July 30, 2020. A lower close for the US stock market today, with the exception of Nasdaq, reversing previous losses and closing with gains of more than 40 points. Stock market at the close on July 30, 2020 S&P 500: 3,246.22,-12.22(-0.38%)Dow 30: 26,313.65,-225.92(-0.85%)Nasdaq: 10,587.81,+44.87(+0.43%)Russell 2000: 1,495.10,-5.53(-0.37%) Stock market volatility The CBOE Volatility Index (VIX) closed higher at 24.76+0.66 (+2.74%). US GDP growth and the stock market “The US economy contracted at the sharpest rate on record in the second quarter this year, affirming fears that the coronavirus pandemic and measures to contain it drove a historic plunge in consumer and business activity. Here were the main metrics from the Bureau of Economic Analysis’ (BEA) advance Q2 GDP report, compared to consensus estimates compiled by Bloomberg: Q2 GDP annualized, quarter over quarter: -32.9% vs. -34.5% expected vs. -5.0% in Q1 Q2 Personal consumption: -34.6% vs. -34.5% expected vs. -6.8% in Q1 Core Personal consumption expenditures, quarter over quarter: -1.1% vs. -0.9% expected vs. 1.7% in Q1 Market participants were bracing for an ugly second-quarter print, with the coronavirus pandemic forcing business closures and disrupting daily life for much of the April through June period. “The decline in second-quarter GDP reflected the response to COVID-19, as ‘stay-at-home’ orders issued in March and April were partially lifted in some areas of the country in May and June, and government pandemic assistance payments were distributed to households and businesses,” The BEA said in its statement. “This led to rapid shifts in activity, as businesses and schools continued remote work and consumers and businesses canceled, restricted, or redirected their spending.” “The full economic effects of the COVID-19 pandemic cannot be quantified in the GDP estimate for the second quarter of 2020 because the impacts are generally embedded in source data and cannot be separately identified,” it added. At 32.9%, the second-quarter annualized contraction marked by far the worst plunge ever recorded, based on Bureau of Economic Analysis data spanning back to 1947. Before the pandemic, the worst GDP print on record was in the first quarter of 1958, when GDP fell 10.0% on an annualized basis. US economic activity contracted by 5.0% in the first quarter of 2020, which captured only the start of the coronavirus pandemic and business shutdowns in March.” Stock market source: https://finance.yahoo.com/news/q2-gdp-us-economy-coronavirus-pandemic-consumer-171558880.html Stock movers Precipio, Inc. (PRPO) was a stock mover gaining more than 400%, with a stock price at the close of 7.00+5.77 (+469.11%). Source: Stockscharts.com Stock Market, U.S. Sectors & Industries Performance The Energy sector was the worst performing sector -4.10%. The Information Technology sector was the best performing sector +0.53%. Source: Fidelity Stock market update All data about the stock market, stocks, stock investing, stock trading is taken from Yahoo Finance, Fidelity, and stockcharts.com. Investing Check this link for stock trading. Subscribe to our stock market newsletter, with stocks to buy, stocks to sell, investing. Daily stock market news.

Alphabet Inc. (GOOGL) is trading near 52week highs, can it go much higher? -Google launches new applications to innovate and find possibly new streams of revenues -EU antitrust charges on android is a major concern, that can affect stock price -Valuation shows some mixed signs, it is not extremely expensive but also not a bargain – EU antitrust charges on android is a major concern Alphabet Inc.(GOOGL) stock price closed on Friday 23rd September 2016 at $814,96 per share, having made an impressive one year rally return of almost 28%, up from $638,37 per share stock closing price on September 30th 2015. Is this stock price rally sustainable, and if yes what are price levels to watch for? Google launches new applications to innovate and find possibly new streams of revenues Recently Google launched a new application to make travel planning and organizing easier, called Google trips. Travel industry is a very large business and apparently Google wants to monetize new sources of revenues. But Google also is investing capital and exploiting alternative sources of revenues in many other industry and business sectors, from health sector and pharmaceuticals, to autonomous vehicles technology and new ventures in startups companies.  Investing capital in research and development has both a positive and a negative result. While exploring new business ideas, technologies, marketing opportunities can provide significant income and boost profitability as now Alphabet is a conglomerate which owns Google, there can be also significant delays and capital invested with uncertain financial results. Startups carry a lot of risk, and returns come only after many years, while capital committed is also significant. Alphabet recently reported according to the news to be interested to buy Twitter. This move can be advantageous if the mass user audience of Twitter is exploited to add mobile advertising revenues, but there is the risk of Alphabet overpaying for a company which struggles with profitability. Is Alphabet certain or confident that can make a profit utilizing Twitter as a business advertising platform, when Twitter itself cannot be profitable during last fiscal financial years? EU antitrust charges on android is a major concern, that can affect stock price Google has to face soon European Union claims that on Android system it favored its own browser and in fact restricted competitors to advertising and other mobile services. Google has a dominant position in Android operating system and if European Union decide that indeed Google breached antitrust and competition cases, a potential large financial fine of about $7.4 billion could be imposed to Google with at least a short term negative impact on its stock price. Valuation shows some mixed signs, not at extreme levels Google has been able to produce last 5 fiscal years increasing net income and earnings per share for each year. But there is a mixed overall image as in last 5 quarterly earnings per share releases, it has 3 negative surprises. Operating margin and net margin have been steadily declining over last 5 years. Return on Equity and Return on Assets have also followed a declining 5 years trend. Earnings per share growth for next 3-5 years is estimated to 15.77%, which is not unrealistic. What about relative value analysis of Alphabet Inc. (GOOGL) to its Sector, Technology and its Industry, Internet Information Providers? Alphabet Inc. has a trailing twelve months P/E ratio of 30.98, lower than the industry P/E of 39.34 but higher than the sector P/E of 17.87. Trailing twelve months P/S ratio for Alphabet Inc. is lower than both the relevant ratios for its sector and industry, P/B ratio for most recent quarter is lower for Alphabet compared to the industry ratio but higher than the relevant sector ratio. P/CF ratio for Alphabet Inc. for trailing twelve months is lower than both the ratios for the industry and its sector. Comparing the main peers of Alphabet Inc.(GOOGL) , Baidu Inc.(BIDU,) Yandex(YNDX), Yahoo Inc.(YHOO) and Microsoft(MSFT) on a relative valuation for main financial ratios P/E,P/S and P/BV we notice that Alphabet Inc.(GOOGL) has only lower current P/E than Yandex, P/BV for Alphabet Inc. is higher only compared to Yahoo Inc. ratio and P/S ratio for Alphabet Inc. is higher compared to its peers ratios with the exception of Yahoo Inc., which has the same ratio of 7.34. If we add Facebook Inc. (FB) to the comparative analysis then Alphabet Inc. has all its mentioned ratios lower than Facebook. Conclusion Having a quick look at technical analysis Alphabet Inc. (GOOGL) is trending upwards with current price above the simple moving averages of 50 and 200 days. There is resistance at current levels where 52 week high of $819.06 per share is, but above this there are no significant resistances. We think at current levels Alphabet Inc. (GOOGL) is a hold, mainly due to its recent stock price rally. Adding positions to the price range of $780-$790 per share with 12 months target price of 10% and range of $890-$900 per share. Legal Disclaimer: The author does not own any Alphabet Inc. (GOOGL) stocks. This is just financial analysis,not an investing recommendation.Sources used are Google Finance,Zacks,MorningStar,Reuters. The stock market on the internet is a blog about stock market analysis focusing on stocks both from a long and short position and does not offer investing recommendation,just pure financial analysis.

Biggest stock gainers on July 14, 2020 These are the biggest stock gainers, top stock gainers at the close of the US stock market on July 14, 2020. Stock market data: Investing.com Stock market Daily posts about the US stock market, stock news, stocks, stock market news, stock market today, investing, and a stock market newsletter, with stocks to buy, stocks to sell. Trading and Investing Check this link if you are interested in trading

Most active stocks for July 9, 2020, US stock market These are the most active stocks for the US stock market on July 9, 2020. Stock market data: Investing.com Stock market Daily posts about the US stock market, stock news, stocks, stock market news, stock market today, investing, and a  stock market newsletter, with stocks to buy, stocks to sell. Trading and Investing Check this link if you are interested in trading.

Stocks biggest losers April 8, 2020, US stock market These are the stocks biggest losers for the US stock market on Wednesday, April 8, 2020: Stock market data: Investing.com Stock market Daily stock news, stocks, stock market news, and a premium stock market newsletter, with stocks to buy, stocks to sell, investing.

Stock market chart Dow 30, Dow Jones Industrial Average closed at 28,455.09,+78.13(+0.28%) on Friday December 20,2019. Stock market newsletter Stocks moved higher on Friday,December 20,2019 and the stock market rally continues.But not all stocks should rise,fundmamentals and valuation are two very important concepts for stock trading,stock investing.We have a stock market newsletter with stock picks,based on fundamentals,valuation and combined with technical analysis.A stock market chart does not tell the truth if it ignores the prospects of the company or the valuation of an index.

Stock futures today At 8:58 AM, ET time today August 18, 2020, the stock futures are rising, with moderate gains for all major stock indexes. Dow Jones futures are up 46 points, Nasdaq futures are up 55 points. S&P Futures: 3,385.50,+5.75(+0.17%)Dow Futures: 27,821.00,+46.00(+0.17%)Nasdaq Futures: 11,342.00,+55.25(+0.49%)Russell 2000 Futures: 1,586.90,+3.00(+0.19%) Stock market data: Yahoo Finance

Dow Jones today fell more than 300 points Dow Jones Industrial Average today closed at 23,390.77,-328.60 -1.39%. The DAY RANGE was 23,095.35 – 23,698.93. Stock market data: MarketWatch.com “The Dow Jones Industrial Average ended the day with a loss of around 325 points, as traders digested a historic oil production agreement and prepared themselves for a brutal week of quarterly earnings.” Source: https://www.nbcnews.com/business/markets/wall-street-starts-week-lower-despite-historic-opec-deal-n1182451

Stocks at 52-week low for August 26, 2020, US stock market 52-week low stocks at the close of the US stock market on August 26, 2020. Stock market data: Investing.com Stock market Daily posts about the US stock market, stock news, stocks, stock market news, stock market today, investing. Trading and Investing Check this link if you are interested in trading

US Stock Market News November 27 2019 The US stock market rally continued. “Each of the three major indices rose to record highs Wednesday as trade optimism buoyed equities and a deluge of economic data came in stronger than expected. The Consumer Discretionary and Communication sectors led gains in the S&P 500, while Industrials lagged. The rise in the 30-stock Dow was led by gains in shares of McDonald’s (MCD) and Home Depot (HD).”, Source: Yahoo Finance This is the summary for US stock market at close on Wednesday November 27, 2019: S&P 500: 3,153.63,+13.11(+0.42%) Dow 30: 28,164.00,+42.32(+0.15%) Nasdaq: 8,705.17,+57.24(+0.66%) Russell 2000: 1,634.10,+9.87(+0.61%) Stocks biggest gainers AVX Corporation (AVX) was among stocks biggest gainers closing at 20.51 +5.47 (+36.37%). Stocks biggest losers Dell Technologies Inc. (DELL) was among stocks biggest losers closing at 50.32-2.87 (-5.40%). Stock investing | Stock trading | Most active stocks Celgene Corporation (CELG) was among most active stocks closing at 108.24+0.11 (+0.10%). U.S. Sectors & Industries Performance Consumer Discretionary was the best performing sector +0.83%, Industrials was the worst performing sector -0.18%. Stock market update All data about stocks , stock investing, stock trading is taken from Yahoo Finance, Fidelity and stockcharts.com. This report is written by Stavros Georgiadis, CFA Equity Research Analyst, Investment Strategist.

Stocks at 52-week high for April 16, 2020, US stock market These are stocks near a 52-week high, for the US stock market, on Thursday, April 16, 2020: Stock market data: Investing.com Stock market Daily posts about the US stock market, stock news, stocks, stock market news, stock market today, investing. Trading and Investing Check this link if you are interested in trading.

BIGGEST STOCK GAINERS ON SEPTEMBER 14, 2020 These are the biggest stock gainers, top stock gainers at the close of the US stock market on September 14, 2020. Stock market data: Investing.com STOCK MARKET Daily posts about the US stock market, stock news, stocks, stock market news, stock market today, investing, and a stock market newsletter, with stocks to buy, stocks to sell.

Stocks at 52-week high for June 1, 2020, US stock market These are stocks near a 52-week high, for the US stock market, on Monday, June 1, 2020. Source: Investing.com Stock market Daily posts about the US stock market, stock news, stocks, stock market news, stock market today, investing, and a  stock market newsletter, with stocks to buy, stocks to sell. Trading and Investing Check this link if you are interested in trading.