Month: March 2020

Yahoo Finance’s Alexis Christoforous speaks with Peter Tuchman of Quattro Securities live from the NYSE about the current market action. …read more […]

(Bloomberg) — General Electric Co. is gaining some favor over its top skeptic in Wall Street, who cited a better-than-expected performance last year.JPMorgan’s Stephen Tusa upgraded the shares to neutral from a sell-equivalent rating, citing 2019’s free cash flow that topped his predictions as well as an improved outlook for 2020. The analyst has held an underweight stance on the stock since April.“We were wrong,” Tusa said, noting that GE shares have outperformed the sector by 11% since that call.GE is big enough that it has many options to boost near-term cash in a given period even as there are …read more […]

Yahoo Finance’s Brian Sozzi and Alexis Christoforous discuss the market action for Twitter, as CEO Jack Dorsey goes head to head with Elliott Management. …read more […]

(Bloomberg) — Some analysts are starting to see value in the beaten-down banking sector, with JPMorgan Chase & Co., Regions Financial Corp. and Fifth Third Bancorp attracting upgrades early Monday. But that wasn’t enough to stop the bleeding in share prices, as the KBW Bank Index extended recent losses in morning trading.The index dropped for a seventh day, declining as much as 1.3%, while JPMorgan shed as much as 1%.The index has sunk 20% so far this year, compared with an 8.1% decline in the S&P 500, as big banks have been hit particularly hard by concern the new coronavirus …read more […]

AES CEO & President Andres Gluski joins Yahoo Finance, brought to you by Verizon, to discuss the company’s decision to move away from coal energy, and how the coronavirus has impacted the business. …read more […]

Markets have been nosediving in recent sessions, as the coronavirus scare spreads. While public health professionals are trying to cope with the spread, and to educate the public, the economic effects are real. Quarantines and travel restrictions have impacted airlines, shipping companies, and factories. Demand for oil is down, pushing down prices and hurting energy stocks. Tech companies, especially those with supply chains based in China, are feeling the pain as well.But in the markets, what goes down will (usually) come back up. Low prices may hurt right now, but they are also an opportunity – to buy in. A …read more […]

(Bloomberg) — Twitter Inc. shares rose in early trading Monday after Bloomberg reported that activist investors have built a sizable stake in the social media company and are pushing for changes, including possibly replacing co-founder and Chief Executive Officer Jack Dorsey.The company’s shares climbed about 7% premarket in New York. They closed at $33.20 apiece Friday, giving the San Francisco-based company a market value of about $26 billion.When Twitter executives met their activist investor agitators from Elliott Management Corp. for the first time last week, the man with the most to lose was absent. Dorsey didn’t attend the Friday night …read more […]

Let’s talk about the oil industry. The coronavirus outbreak is impacting demand, as quarantines and travel restrictions reduce airline bookings, ship sailings, trucking schedules – all the fuel-burning transport of the modern world. And as demand goes down, production will fall, oil prices will fall, oil sales will fall – and share values in the energy sector will drop. One indicator, at least, is already clear: the oil benchmark, Brent, is down 17% since February 20.But the coronavirus outbreak will pass. A vaccine will be found, quarantines will be lifted, trade and travel will resume – the ripples will weaken …read more […]

Regional conflict sowed by Iran is a bigger threat to the world and Trump than the coronavirus, Nouriel Roubini told Yahoo Finance. …read more […]