Earnings & Movers
9.18.2020
"Fast-food stocks are having their ups and downs."
Powell Laid the Blueprint for Tech's Eventual Wreck With QE Punt - Bloomberg
"The lack of commitment on quantitative easing sent a shudder through tech stocks, which have benefited massively from rock-bottom rates in addition to the pandemic's stay-at-home trade. Near-zero borrowing costs have helped to justify the industry's lofty valuations, with the Nasdaq 100's price-earnings ratio exceeding 40 before the latest selloff -- the highest since 2004. That's pushed the Nasdaq up by about 58% from its March lows, but the prospect of a sharp selloff in long-dated Treasuries is cooling that rally."
Want Dividends From Small- and Mid-Caps? Consider These Four Funds - Barron's
"This column recently focused on mid-cap dividends, an area of the market that can be overlooked by income investors smitten with large-cap names.
Continuing that theme, Barron's assembled a list of funds that offer exposure to dividends paid by small- and mid-cap stocks. As the accompanying table shows, two of these funds are actively managed mutual funds and the other two are exchange-traded funds."
China's EV Champion Bets Big on a Different Flavor of Battery - WSJ
"Tesla's long-awaited Battery Day is coming next week. In China, it's looking more like battery year. A new twist on an old battery technology has helped supercharge shares of BYD, the country's largest electric-vehicle maker."