11 min listen
AlphaTALKS Wall Street Breakfast, Oct. 31: What Moved Markets This Week
AlphaTALKS Wall Street Breakfast, Oct. 31: What Moved Markets This Week
ratings:
Length:
20 minutes
Released:
Oct 31, 2020
Format:
Podcast episode
Description
Stocks sold off significantly this week, with the Dow Industrials (NYSEARCA:DIA), S&P 500 (NYSEARCA:SPY), and Nasdaq Composite (COMP) indexes all seeing declines of multiple percent.
Concerns over increasing coronavirus cases in the U.S. and Europe caused jitters early in the week. Later in the week it was tech earnings that caused most of the selling. Through it all, uncertainty over Tuesday's presidential election appeared to keep buyers on the sidelines.
Stories That Caught Our Eye This Week
Brad: SAP Q3 sales decline and cash flow improves, guidance lowered and SAP chairman buys $294M in shares during record pullback;
Kim: Chip equipment companies unlikely to see big China change post-election;
Stephen: Germany could start Covid-19 vaccinations this year;
Nat: Argus sees deep value in turnaround for former Dow stalwart
About This Podcast
Alpha TALKS Wall Street Breakfast is a weekly roundtable covering what moved markets this week (WMMTW), featuring a panel of Seeking Alpha editors.
Hosted by Nathaniel E. Baker, Contributing Editor, and featuring:
Bradley Olesen, VP News;
Kim Khan, Senior News Editor;
Stephen Alpher, Managing Editor News, co-host of Seeking Alpha's Alpha Trader podcast.
AlphaTALKS videos, featuring highlights of this podcast, publish every Friday by close of trading. Watch this week's here.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Concerns over increasing coronavirus cases in the U.S. and Europe caused jitters early in the week. Later in the week it was tech earnings that caused most of the selling. Through it all, uncertainty over Tuesday's presidential election appeared to keep buyers on the sidelines.
Stories That Caught Our Eye This Week
Brad: SAP Q3 sales decline and cash flow improves, guidance lowered and SAP chairman buys $294M in shares during record pullback;
Kim: Chip equipment companies unlikely to see big China change post-election;
Stephen: Germany could start Covid-19 vaccinations this year;
Nat: Argus sees deep value in turnaround for former Dow stalwart
About This Podcast
Alpha TALKS Wall Street Breakfast is a weekly roundtable covering what moved markets this week (WMMTW), featuring a panel of Seeking Alpha editors.
Hosted by Nathaniel E. Baker, Contributing Editor, and featuring:
Bradley Olesen, VP News;
Kim Khan, Senior News Editor;
Stephen Alpher, Managing Editor News, co-host of Seeking Alpha's Alpha Trader podcast.
AlphaTALKS videos, featuring highlights of this podcast, publish every Friday by close of trading. Watch this week's here.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Oct 31, 2020
Format:
Podcast episode