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Get Real: Employment and Market Evolution


Sep. 4 2020, Updated 6:52 a.m. ET

In this morning’s edition of our daily market newsletter, Get Real, we looked at Goldman Sachs’s view on the economy, Boeing’s crushed hopes, and Apple’s employment contribution. Plus, Nintendo continues to rise.

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FAA dashes Boeing’s 2019 hopes

The FAA’s chief, Steve Dickson, crushed Boeing’s (BA) hopes of completing the recertification process this month. As a result, the stock dropped. Another delay isn’t helping the company’s turnaround efforts.

Tim Cook on Apple-generated jobs

Recently, Apple CEO Tim Cook defended the company against President Trump’s criticism. He said that Apple (AAPL) helped create US employment. Also, the company plans to shore up its position in the healthcare market.

Citron’s tweet about Peloton

Peloton stock fell following a tweet from Citron Research. The tweet predicted that Peloton will fall to $5 in 2020. Rising competition in the fitness-technology sector will likely have a negative impact on Peloton in the future.

Square stock: Go long?

Over the past year, Square (SQ) stock has been exceptionally volatile. Square’s third-quarter results surprised investors, but analysts are still neutral about the stock.

Nintendo on the rise

Earlier this week, Nintendo saw a rise with the release of the Nintendo Switch in China. The Switch is expected to pass Playstation 4 and lead China’s gaming market.

What to watch for

Canopy Growth’s new CEO

Canopy Growth (CGC) appointed current CFO David Klein as its new CEO effective next month. The stock increased following the news despite uncertainty about the company’s future.

Goldman Sachs on US economy and gold

John Waldron, Goldman Sachs’s COO, thinks that the US GDP growth rate could improve in 2020. Goldman Sachs also sees an upside for gold futures in the next year.

UBS is cautious about Beyond Meat

UBS (UBS) initiated coverage on Beyond Meat with a “neutral” rating. The firm appears to be optimistic about Beyond Meat’s market advantages, including its partnership with McDonald’s. However, UBS is worried about the company’s increasing competition.

How far will PG&E go?

PG&E (PCG) stock has continued to rise following its recent settlement with wildfire victims. The settlement is good news for the utility’s journey towards resolving its bankruptcy.

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