Month: May 2020

The market is up over 20% from its historic drop in late March, which has many cautious investors looking for lingering value plays. One stock that hasn’t recovered with the rest of the market is Royal Caribbean (NYSE: RCL), down an astounding 75% year to date.
The company is drawing the eye of many value investors… and the ire of news outlets around the world for its role in spreading the COVID-19 pandemic. It begs the question: is Royal Caribbean stock a buy?

Royal Caribbean Company Background
If you’re considering investing in the travel and hospitality sector, Royal Caribbean has long been …read more […]

The Trump administration has held talks with Intel Corp and Taiwan Semiconductor Manufacturing Co (TSMC), the newspaper reported, citing sources and a correspondence viewed by the Journal. TSMC has been talking with the U.S. Commerce and Defense departments and with Apple Inc, one of its largest customers, about building a chip factory in the United States, the report added. …read more […]

(Bloomberg) — With the economy in freefall, bond investors are clinging to just two certainties right now: that the Treasury is flooding the market with debt, and the Federal Reserve is fully mobilized.The government is about to raise a record $96 billion in its refunding auctions for stimulus in the wake of the pandemic. Traders will absorb this and any guidance from Fed Chair Jerome Powell on Wednesday, with the market already starting to hedge the risk of negative rates. These fiscal and monetary forces are driving yields at either end of the curve wider apart. The two-year is near …read more […]

Disney (DIS) has revealed how its Shanghai Disneyland Park will implement the new Covid-19 restrictions when it reopens on May 11. The park has been shut since late January.Visitors will have their temperature checked before entering, go through a security screening, and wear masks at all times.“We will have cast members, throughout the park, doing continuous wiping down, sanitizing and disinfecting all the high-touch surfaces,” Andrew Bolstein, senior VP of operations for the Shanghai park, said. “We will have cast members at the entrance of every attraction reminding our guests to maintain social distancing.”On the rides “we have put markers …read more […]

Southwest Airlines (LUV) has entered into sale-leaseback transactions for 10 of its Boeing (BA) 737-800 aircraft, as well as 10 of the company’s Boeing 737 MAX 8 aircraft, a filing has revealed.From the transactions, Southwest expects to receive gross proceeds of approximately $815 million. The company intends to use this money for ‘general corporate purposes.’The filing does not reveal who is buying the planes, or how long the leaseback agreement will last.According to the company website, LUV could restart flights to Cancun, Los Cabos, Havana and Montego Bay as soon as June 7.“I think we’ve seen the bottom in April. …read more […]

Quidel (QDEL) has now received Emergency Use Authorization (EUA) from the US FDA for its Sofia 2 SARS Antigen FIA, a rapid point-of-care test for suspected COVID-19 infection.According to the FDA, this is a new category of tests that will now be available for use in the ongoing pandemic. “The antigen diagnostic tests quickly detect fragments of proteins found on or within the virus by testing samples collected from the nasal cavity using swabs” the FDA says.One of the main advantages of an antigen test is the speed of the test, which can provide results in minutes. However, antigen tests …read more […]

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The US Department of Health has now announced the allocation plan for Gilead’s (GILD) Covid-19 treatment remdesivir, revealing that states rather than federal government will be in charge of distribution.The donated doses of the treatment, which received an Emergency Use Authorization (EUA) from the FDA on May 1, will be used to treat hospitalized COVID-19 patients in areas of the country hardest hit by the pandemic.Gilead plans to supply 607,000 vials of the experimental drug over the next six weeks to treat an estimated 78,000 hospitalized COVID-19 patients. The donation to the US is part of 1.5 million vials of …read more […]

Musk has been pushing to re-open Tesla’s Fremont, California, factory after Alameda County’s health department said the carmaker must not reopen because local lockdown measures to curb the spread of the coronavirus remain in effect. Tesla filed a lawsuit against the county on Saturday, calling the continued restrictions a “power-grab” by the county since California’s governor had said on Thursday that manufacturers in the state would be allowed to reopen. …read more […]