• With polls increasingly signaling a victory for Joe Biden in the presidential race, investors should shift their focus to Senate races, Morgan Stanley said Wednesday.
  • Senate election outcomes “will mean the difference between substantial fiscal expansion and fiscal gridlock,” strategists led by Michael Zezas wrote in a note to clients.
  • Treasuries and West Texas Intermediate crude oil are least priced for a so-called blue wave, the bank said.
  • A Democratic sweep could temporarily drag stocks lower and create a “potential dip-buying opportunity,” the team added.
  • Visit Business Insider’s homepage for more stories.

November’s Senate elections will determine whether investors can look forward to a wave of new fiscal relief or face a prolonged legislative stalemate, Morgan Stanley strategists said Wednesday.

Polls and prediction markets have increasingly pointed to a victory for Joe Biden in the presidential race. Republicans would need a “game-changing event” to keep

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We believe that U.S. Bancorp’s stock (NYSE: USB) has a strong upside potential of 35% in 1-2 years when the loan repayment capacity of its banking customers improves and the stock goes back to post-Covid levels. USB trades at $39 currently and it has lost 32% in value year-to-date. It traded at a pre-Covid high of $53 in February and is 27% below that level now. Also, USB stock has gained 39% from the low of $28 seen in March 2020, after the multi-billion dollar stimulus package announced by the U.S. government helped stock prices recover, to some extent. That said, the stock is lagging the broader markets (S&P 500 is up 55%), as investors are overly cautious

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(Bloomberg) —

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The makeup of a company’s board, believe it or not, can have a meaningful impact on a company’s performance.

For example, companies that have the same person serving as both chairman and chief executive typically report about an 80 basis-point lag in return on assets, according to an analysis by Bloomberg Intelligence. Additionally, companies that have directors with a range of tenure—from those recently appointed to long-serving board members—usually post the best share-price performance.

While correlation doesn’t always mean causation, facts like these arguably mean investors should pay special attention to corporate governance—the “G” factor in ESG (environmental, social and governance)—when deciding what stocks to buy.

Bloomberg Intelligence has introduced the “board composition score” to evaluate companies on four evenly-weighted issues: diversity (gender and age), independence (board leadership and director independence), refreshment (entrenchment and balance of tenures), and director roles (the potential “overboarding” of directors, chairmen

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With bank earnings, Apple’s iPhone event, and the start of Amazon Prime Day on the schedule, Tuesday promised fireworks for the stock market. Instead, they delivered yawns as investors wrestled with continued Covid headlines and no stimulus.

The

S&P 500

finished down 0.6%, while the

Dow Jones Industrial Average

declined 157.71 points, or 0.6%, and the

Nasdaq Composite

dipped 0.1%. Yes, it was a down day, but not a big one.

“Stocks remained remarkably stable in the face of the scary COVID headlines and the global risk selloff, and this relative strength is even more impressive due to the lack of a stimulus deal,” writes Gorilla Trades strategist Ken Berman.

The same can’t be said for the companies that were making news.

Apple,

for instance, dropped 2.7% after releasing the details of its new iPhones. They were nice, but not exciting enough for a stock that had

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(RTTNews) – Ahead of Tuesday’s holiday for King Bhumibol Memorial Day, the Thai stock market had bounced higher again – one session after halting the four-day winning streak in which it had advanced almost 40 points or 3 percent. The Stock Exchange of Thailand now sits just beneath the 1,275-point plateau although it’s tipped to open in the red on Wednesday.

The global forecast for the Asian markets is soft on profit taking and on concerns for a COVID-19 vaccine. The European and U.S. markets were down and the Asian bourses figure to follow suit.

The SET finished modestly higher on Monday following mixed performances from the financial shares and energy producers.

For the day, the index added 6.29 points or 0.50 percent to finish at 1,273.43 after trading between 1,265.27 and 1,277.64. Volume was 20.184 billion shares worth 46.573 billion baht. There were 826 decliners and 698 gainers, with

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  • David Kostin, the chief US equity strategist at Goldman Sachs, pinpointed 35 stocks that are growing sales and margins like wildfire despite a challenging macroeconomic backdrop.
  • Boston Consulting Group and Morgan Stanley aid the conversation, offering an inside look at the influence both sales and margin expansion have on stock performance over an array of timelines. 
  • Fred Liu, the founder and portfolio manager of Hayden Capital, puts an emphasis on these two metrics to find stocks that can grow exponentially in value. In the first half of 2020, Liu’s fund was up by triple digits.
  • Click here for more premium stories.

After a dismal drop in the second quarter, market participants can expect third-quarter earnings results — and any sign of profit recovery — to be under the microscope.

“Earnings season kicks off next week and will provide investors with another look at the impact of COVID-19 on S&P

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The talks may not end with a handshake. But the estimated $1.5 billion FSG would get from RedBall and other investors would give Henry (who also owns the Globe) the financial flexibility to expand the company, which includes its English gem, Premier League champion Liverpool Football Club.

There’s even a Yankees twist. (More on that later.)

Savvy investors may understand how the process of raising money and going public through a SPAC works, but the average Red Sox fan is likely to have questions, especially about the potential for them to buy stock in the team. We try to answer some of those questions here.

How would the deal work?

RedBall, a shell company with no operations, would acquire 20 percent to 25 percent of FSG using money it raised by selling stock in August. The investment would value FSG at $8 billion, as first reported by the WSJ. Henry

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RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the “Fund”) (NYSE: OPP) today announced that it plans to offer shares of its Series A Cumulative Preferred Stock (the “Preferred Stock”) in an underwritten public offering. The completion of the proposed offering depends upon several factors, including customary closing, market and other conditions. The Fund has applied to list the Preferred Stock on the New York Stock Exchange (“NYSE”) under the ticker symbol “OPP.P”. If the application is approved, trading on the NYSE in the Preferred Stock is expected to begin within 30 days following the issuance date of the Preferred Stock.

The Fund plans to use the net proceeds from the offering of the Preferred Stock to repay borrowings under the Fund’s credit facility and for general working capital purposes.

UBS Securities LLC is acting as the sole book-running manager for the offering.

The information in this preliminary prospectus supplement is not complete

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– By Nathan Parsh

Shares of aerospace and defense company General Dynamics Corporation (NYSE:GD) have declined 18.5% year-to-date and sit more than 24% off the 52-week high.

The company’s aerospace segment has been weak over the past few quarters as new orders for Gulf Stream jets have slowed. With the economy in a delicate position due to the coronavirus pandemic, private jet orders have been out as well.

Covid-19 has also impacted General Dynamics’ Information Technology business as business travel and site access resulted in a 13% year-over-year decline in the most recent quarter. These two segments account for almost half of the company’s total business.

This helps explain the decline that has occurred in the stock in 2020. However, for investors with a horizon that spans longer than a few quarters, this could be an excellent opportunity to add General Dynamics to their portfolio.

Eventually, a recovery from Covid-19

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(Bloomberg) — India’s stock benchmark eked out gains to rise for a ninth straight day, as investors shrugged off concerns about a halt in Johnson & Johnson’s Covid-19 vaccine study and rising domestic inflation.



a man that is standing in the snow: Pedastrians wearing protective masks walk near the Bombay Stock Exchange (BSE) building stands in the background in Mumbai, India, on Monday, Oct. 12, 2020. India’s financial capital saw its biggest power outage in decades because of a grid failure, disrupting transport networks and hitting trading volume in equities and bond markets.


© Bloomberg
Pedastrians wearing protective masks walk near the Bombay Stock Exchange (BSE) building stands in the background in Mumbai, India, on Monday, Oct. 12, 2020. India’s financial capital saw its biggest power outage in decades because of a grid failure, disrupting transport networks and hitting trading volume in equities and bond markets.

The S&P BSE Sensex closed up 0.1%, after swinging between gains of 0.5% and losses of 0.3% following Johnson & Johnson’s announcement that its study had been temporarily halted because a clinical trial participant experienced an unexplained illness. The NSE Nifty 50 Index added three points, also edging higher for a ninth day. It’s the longest winning streak for both indexes since April

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