Trading Ideas
How HBO Max stacks up against Netflix and other streamers
Yahoo Finance’s Alexis Christoforous and Brian Sozzi discuss the launch of HBO Max with Ark Invest analyst Nick Grous. …read more […]
Month: May 2020
Business News
Online sales surge helps Ralph Lauren recover in China
Ralph Lauren Corp said on Wednesday a surge in online shopping was helping it get back on track in China and putting it on course for a recovery from the financial damage wrought by the COVID-19 lockdowns in other markets as well.
Business News
Factbox: Where do Trump and Biden stand on tech policy issues?
U.S. President Donald Trump on Wednesday threatened to regulate or shut down social media companies, a day after Twitter Inc for the first time added a fact-checking label to some of his tweets about mail-in ballots.
Business News
Tech selloff weighs on S&P 500, Nasdaq
A selloff in technology stocks dragged on the S&P 500 and Nasdaq on Wednesday, with investors also cautious about brewing U.S.-China tensions at a time when policymakers are attempting to revive the global economy from a coronavirus-driven slump.
Trading Ideas
China’s Offshore Yuan Slides to Brink of Record Amid Tension
(Bloomberg) — China’s offshore yuan tested the weakest level on record on speculation the government would be willing to permit a weaker currency in response to fresh punitive measures from the U.S.The offshore rate dropped as much as 0.7% to 7.1965 per dollar on Wednesday, the lowest since Sept. 3 2019, when it reached an all-time low. Losses have steepened in recent weeks as the Trump administration stepped up rhetoric against China’s Communist Party over its handling of the coronavirus — and its intention to crack down on dissent in Hong Kong.The exchange rate has become a focus of the …read more […]
Trading Ideas
Why Should You Retain Microsoft (MSFT) Stock Amid Coronavirus Crisis
Brown Advisory recently released its Q1 2020 Investor Letter, a copy of which you can download below. The Large-Cap Growth Fund posted a return of -13.05% for the quarter, outperforming its benchmark, the Russell 1000 Growth Index which returned -14.10% in the same quarter. You should check out Brown Advisory’s top 5 stock picks for […] …read more […]
Business News
Goldman Sachs on target to meet medium,long-term growth goals: executive
Goldman Sachs Group Inc President and Chief Operating Officer John Waldron said Wednesday that the bank remains on track to achieve its medium and long term growth targets despite the economic shocks caused by the novel coronavirus.
Trading Ideas
McConnell: We’ll ‘probably’ have to pass more stimulus
Senate Republican Leader Mitch McConnell told reporters on Tuesday that Congress will ‘probably’ have to pass more stimulus, depending on how the reopening process goes for the states. Yahoo Finance’s Jessica Smith joins The First Trade to break down the details. …read more […]
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Business News
Hershey says mint, gum sales hit as lockdowns restrict social gatherings
Hershey Co said on Wednesday sales of gums and mints have taken a hit as social distancing protocols spurred by the COVID-19 pandemic discouraged people from participating in gatherings.
Business News
Huawei CFO Meng’s U.S. extradition case hinges on key ruling in Canada on Wednesday
A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Chief Financial Officer Meng Wanzhou’s extradition to the United States, with a favourable judgment seen as paving the way for the release of the Chinese executive after 18 months of house arrest.
Trading Ideas
President Trump blasts social media platforms after Twitter fact checked his tweets
Yahoo Finance’s Brian Sozzi, Alexis Christoforous, and Rick Newman discuss President Trump’s latest moves after Twitter fact checked the claims in his tweets. …read more […]
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3 “Strong Buy” Biotech Stocks Under $5 With Explosive Upside Potential
Which stocks are leading the pack out on Wall Street? Biotechs. Understandably, investors have taken a more cautious approach when navigating the confused financial environment, but focus is locking in on the biotech sector as it has been able to withstand the COVID-19-induced pressure on the market. Proving to be relatively defensive, the biotech indexes, XBI and IBB, have outperformed the broader market year-to-date, with each gaining over 10% compared to the S&P 500’s 8% decline.The space’s resilience combined with a limited impact on Q1 fundamentals and the elimination of macro headwinds regarding drug legislation, has caused sentiment surrounding 2H20 …read more […]
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Ralph Lauren posts bigger-than-expected loss as lockdowns hammer sales
While nearly half of Ralph Lauren’s stores in North America are now open, demand for clothing from high-end fashion companies is not expected to rebound quickly as the global economy enters a deep recession. Ralph Lauren said it expects its fiscal 2021 results to also be significantly hit by the health crisis. …read more […]
Business News
Wall Street opens higher on recovery optimism
U.S. stock indexes gained at the open on Wednesday as a pickup in business activity fueled hopes of a post-pandemic economic recovery, while investors remained cautious about brewing U.S.-China tensions.