4.9.2021

As earnings season kicks off, investors hope for optimistic forecasts to justify record stock prices - CNBC

"Earnings season starts with a rare confluence of bullish factors: stocks at new highs, economic reports exceeding expectations, the vaccine rollout accelerating, an uber-dovish Fed, higher tax fears diminishing, and most importantly, expectations that CEOs will provide far more guidance than they did in 2020."

 

Crypto Miner Riot Blockchain to Buy Whinstone for $651 Million - Bloomberg

"Cryptocurrency-mining company Riot Blockchain Inc. said it will buy North America's largest Bitcoin hosting facility, Whinstone U.S. Inc., for about $651 million in cash and stock."

 

Brazil's Market May Be Hitting a Bottom. Why It Might Be a Good Time to Buy. - Barron's

"The iShares MSCI Brazil exchange-traded fund (ticker: EWZ) has fallen 7% this year, while global emerging markets advanced 5%."

New Bonds Fuel Lending to Fast-Growing but Unprofitable Tech Companies - WSJ

"No earnings? No problem. Investors are funneling money to unprofitable software companies through a new type of debt deal."