A take on business from Times Square
Sponsored by NYC News Service and CUNY Newmark J-School
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Key players in the off-price retail sector are showing signs of a mid-pandemic rebound as investors bank on the economic crisis spurring long-term demand for discount goods.
Recreational stocks spiked this summer as lockdowns eased and Americans scrambled to escape their homes into the great outdoors.
Stock prices for three of the biggest grocery stores in America have soared over the past six months, outperforming the S&P 500.
Big technology stocks have had three rough weeks, triggering the tech collapse of 2000. But as the pandemic drags on, analysts are optimistic.
Investors are no longer favoring vertically integrated juggernauts like Intel, instead betting on ‘fabless’ semiconductor firms – companies who design chips but outsource their manufacturing – like Nvidia and AMD.
During coronavirus, many fitness companies’ stocks have skyrocketed as investors bet on companies that could potentially profit during the pandemic and consumers sought out different ways to stay healthy.
Antitrust suits weigh on sinking big tech After soaring to record highs in August, shares of big tech stocks have driven markets lower this month as developing antitrust cases against four tech mega-caps stoke fears about the sector’s long-term viability.
After plunging at the beginning of the pandemic due to travel restrictions, shares of cruise lines have been on a rebound through the summer.
President Trump’s endless trade war with China and his administration’s threat to delist its companies from American exchanges is a threat to economic growth, says the CEO of the nation’s second largest exchange.
About the Journal
The Times Square Investment Journal covers companies, markets and personal finance from a newsroom in the heart of Manhattan. The Journal is sponsored by the NYC News Service and the Craig Newmark Graduate School of Journalism at CUNY.
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greg.david@journalism.cuny.edu