Welcome to Another Exciting Week in the Markets!
Hey there! I'm Daniel Silva, and I'm here to get you ready for another week in the markets. Let's dive right in!
Stocks to Watch
🔍 Horizon Therapeutics (HZNP): The Federal Trade Commission has suspended its challenge of Amgen's $27.8 billion acquisition of Horizon, giving the FTC time to weigh a settlement that would let the deal close with conditions. Keep an eye on this one!
⬇️ China Evergrande (EGRNF): The property developer's stock fell 79% as it resumed trading in Hong Kong after a 17-month halt. Evergrande posted a first-half net loss of $4.5 billion, an improvement from a year earlier.
⬆️ 3M (MMM): The company is nearing a roughly $5.5 billion settlement of claims that it sold the military faulty combat earplugs. This could have a significant impact on their stock.
⬆️ XPeng (XPEV): The Chinese electric-vehicle maker agreed to buy a smart-car development business from Didi Global for about $744 million in stock, and struck a broader partnership with the ride-hailing company. Keep an eye on XPeng's stock!
The Economy
China has slashed stock-trading taxes in a bid to shore up its flagging equity markets. However, Chinese stocks quickly handed back most of those gains, given the deeper challenges facing the nation's economy. Meanwhile, U.S. futures crept higher to start the week. It's an interesting time for the global economy!
Other Significant Events
🔎 Heather Gillers reports on the difficulties piling up for bonds sold by so-called conduit issuers, in a risky corner of the $4 trillion municipal-bond market. This highlights the potential risks in the market that we should be aware of.
Conclusion
That's all for now! Stay tuned for more updates throughout the week. Remember, the markets are always full of surprises, so keep an eye on the stocks to watch, stay informed about the economy, and be aware of other significant events. Happy investing!
Comments
Post a Comment