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Global stocks slip as virus outbreaks dim hopes for rebound
Global stocks slip as virus outbreaks dim hopes for rebound
| July 7th | 2020  4:51AM
Global stocks slip as virus outbreaks dim hopes for rebound
TOKYO (AP) — Global shares were mostly lower Tuesday as expanding coronavirus outbreaks dimmed hopes for a global recovery, despite an overnight rally in tech shares that pushed the Nasdaq composite to another record high. France's CAC 40 dipped nearly 1.0% in early trading to 5,031.31, while Germany's DAX slipped 1.1% to 12,594.07. Britain's FTSE 100 dropped 1.0% to 6,220.44.
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Hong Kong grappling with future under national security law
Carrie Lam
| July 7th | 2020  4:40AM
Hong Kong grappling with future under national security law
HONG KONG (AP) — Hong Kong’s leader Carrie Lam offered scant reassurance Tuesday over a new national security law that critics say undermines liberties and legal protections promised when China took control of the former British colony. A year ago, Hong Kong residents felt secure enough in their freedoms under the territory’s “one-country, two-systems” regime to bring their children to mass protests.
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EU forecasts deeper economic hit from pandemic
EU forecasts deeper economic hit from pandemic
| July 7th | 2020  4:38AM
EU forecasts deeper economic hit from pandemic
BRUSSELS (AP) — The European Union's executive forecasts that the bloc's economy will contract more than previously expected because of the coronavirus pandemic, which has caused lockdowns on business and public life that are only slowly being eased. The 27-nation EU economy is predicted to contract by 8.3% this year, before growing 5.8%…
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Coronavirus slams Poland's already-troubled coal industry
Coronavirus slams Poland's already-troubled coal industry
| July 7th | 2020  4:33AM
Coronavirus slams Poland's already-troubled coal industry
WARSAW, Poland (AP) — The coronavirus has ripped through Poland's coal mines, where men descend deep underground in tightly packed elevators and work shoulder-to-shoulder to extract the source of 75% of the nation’s electrical power. Of Poland's more than 36,000 reported COVID-19 cases, about 6,500 are miners — making them nearly a fifth…
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Thailand denies monkeys abused to harvest coconut products
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| July 7th | 2020  3:44AM
Thailand denies monkeys abused to harvest coconut products
BANGKOK (AP) — Thailand's coconut-picking monkeys, long a popular tourist attraction, have become a sensitive trade issue as British activists claim the animals are abused and push for a boycott of the nation's coconut products. Thai Commerce Minister Jurin Laksanawisit rejected the allegations made by People for the Ethical Treatment of Animals and declared that coconut harvesting by monkeys is not a major part of the industry.
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Asia markets slip as virus outbreaks mute hopes for rebound
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| July 7th | 2020  3:06AM
Asia markets slip as virus outbreaks mute hopes for rebound
TOKYO (AP) — Markets were mostly lower in Asia on Tuesday as expanding coronavirus outbreaks dimmed hopes for a global recovery, despite an overnight rally in tech shares that pushed the Nasdaq composite to another record high. Japan's benchmark Nikkei 225 dropped 0.4% to finish at 22,614.69 and South Korea's Kospi lost early gains to decline nearly 1.0% to 2,166.73.
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Samsung projects 23% jump in 2Q profit on strong chip sales
Kim Yeon-chul
| July 7th | 2020  12:45AM
Samsung projects 23% jump in 2Q profit on strong chip sales
SEOUL, South Korea (AP) — Samsung Electronics Co. said Tuesday its operating profit for the last quarter likely rose 23% from the same period last year, helped by robust demand for memory chips used in personal computers and servers as the coronavirus pandemic has more people working from home. The South Korean technology giant will release more detailed information when it announces its finalized earnings later this month.
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Trump donors among early recipients of coronavirus loans
Ray Washburne
| July 7th | 2020  12:11AM
Trump donors among early recipients of coronavirus loans
WASHINGTON (AP) — As much as $273 million in federal coronavirus aid was awarded to more than 100 companies that are owned or operated by major donors to President Donald Trump's election efforts, according to an Associated Press analysis of federal data. Many were among the first to be approved for a loan in early April, when the administration was struggling to launch the lending program.
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Kanye West? The Girl Scouts? Hedge funds? All got PPP loans
Kanye West? The Girl Scouts? Hedge funds? All got PPP loans
| July 7th | 2020  12:01AM
Kanye West? The Girl Scouts? Hedge funds? All got PPP loans
WASHINGTON (AP) — The government's small business lending program has benefited millions of companies, with the goal of minimizing the number of layoffs Americans have suffered in the face of the coronavirus pandemic. Yet the recipients include many you probably wouldn't have expected. Kanye West's clothing line. The sculptor Jeff Koons.
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Uber (NYSE: UBER) Upgraded To Outperform at RBC
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| July 6th | 2020  1:00AM
Uber (NYSE: UBER) Upgraded To Outperform at RBC
Uber Upgraded To Outperform at RBC Investors of ride-hailing giant Uber (NYSE: UBER) gained a noteworthy bull this past weekend when RBC Capital Markets were out with their top picks for the new quarter. This will surely help them sleep a little better at night as the stock tries to consolidate its three-month rally from the lows of March. After…
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McDonald’s Added to Top Stocks for Q3 at RBC
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| July 6th | 2020  1:00AM
McDonald’s Added to Top Stocks for Q3 at RBC
Even with the benchmark S&P 500 index up more than 40% from the lows of Q1, many on Wall Street are preaching caution in the face of this stunning recovery. Coronavirus cases are still surging across the country and many states’ reopenings are being rolled back or canceled. With the Fourth of July’s fireworks still patiently waiting…
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Avis Budget Group (NASDAQ: CAR) Surges on an Upgrade: Can It Survive the Pandemic?
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| July 6th | 2020  1:00AM
Avis Budget Group (NASDAQ: CAR) Surges on an Upgrade: Can It Survive the Pandemic?
Avis Budget Group (NASDAQ: CAR) shares surged as much as 29% on Thursday before closing up 15% after Morgan Stanley gave it an upgrade. Analyst Adam Jonas raised his price target from $25 a share to $37. Avis shares plummeted from over $50 a share in mid-February to a low of $6.35 in mid-March on fears that the pandemic would crush the rental car company.
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HanesBrands (NYSE: HBI) Stock Turning the Corner
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| July 6th | 2020  1:00AM
HanesBrands (NYSE: HBI) Stock Turning the Corner
Essential apparel maker Hanesbrands, Inc. (NYSE: HBI) shares have been underperforming the benchmark S&P 500 index (NYSEARCA: SPY) since the rally commencing in the last week of March 2020. Shares saw an acceleration in June surging to a peak of $14.01 on a June 9, 2020, on the appointment of its new CEO Stephen B. Bratspies. While consumer apparel…
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Clorox (NYSE: CLX) vs Kraft Heinz (NASDAQ: KHC) The Leader or The Laggard?
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| July 6th | 2020  1:00AM
Clorox (NYSE: CLX) vs Kraft Heinz (NASDAQ: KHC) The Leader or The Laggard?
Consumer Staples Are Where The Money Is Follow the money, that’s one way to find great investments and when it comes to where the money is flowing the Consumer Staples Sector is it. Not only is the sector buoyed by average “risk-off” sentiment, but it is also being boosted by the very thing causing the rush to risk-off assets, the…
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Vroom (NYSE: VRM) Soars After Analysts Gear-Up On The Stock
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| July 6th | 2020  1:00AM
Vroom (NYSE: VRM) Soars After Analysts Gear-Up On The Stock
This Is One Hot Stock Vroom (NYSE: VRM) has been a seriously hot stock in the month since its IPO. The company, a pure-play on automotive eCommerce, offers a platform buying and selling used cars on-line as well as financing and other options. Over the last 30 days, fueled by results from the likes of Carmax and others, the stock has risen about 50%…
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Dominion Energy (NYSE: D): Buffett Just Bought in; Should You Join In?
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| July 6th | 2020  1:00AM
Dominion Energy (NYSE: D): Buffett Just Bought in; Should You Join In?
When the Wizard of Omaha makes a move, it tends to be the kind of move that draws interest. Warren Buffett's stock purchasing moves have led to some incredible gains over the years, though some have suggested that the name has become a bit tarnished in recent years. Berkshire Hathaway (NYSE:BRK.A) is still a name to conjure with, though, and Buffett's…
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There’s Still Time to Jump on the Regeneron (NASDAQ: REGN) Train: Here's Why
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| July 6th | 2020  1:00AM
There’s Still Time to Jump on the Regeneron (NASDAQ: REGN) Train: Here's Why
In early trading on July 6, Regeneron (NASDAQ: REGN) shares continued to blow past its all-time highs. The catalyst was news of two new late-stage trials for its antibody cocktail to prevent Covid-19. And that’s completely understandable. For the last three months, investors have been profiting from the coronavirus economy. As news of potential…
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Now Starring Cinedigm (NASDAQ: CIDM): Small Media Company, Behind-the-Scenes Play on Streaming Growth
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| July 6th | 2020  1:00AM
Now Starring Cinedigm (NASDAQ: CIDM): Small Media Company, Behind-the-Scenes Play on Streaming Growth
There is a dramatic shift underway in the entertainment world as cord-cutting consumers rapidly shift to streaming television. Starring in lead roles are companies like Netflix and Disney. But given the massive market opportunity, the supporting cast is extensive. One of the lesser-known players is Cinedigm (NASDAQ:CIDM). Based in Los Angeles, Cinedigm…
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Lemonade Inc. (NYSE: LMND) Shares Double on IPO Day: Believe the Hype?
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| July 6th | 2020  1:00AM
Lemonade Inc. (NYSE: LMND) Shares Double on IPO Day: Believe the Hype?
When was the last time you heard an insurance company described as “cutting-edge”? Insurance stocks are known for being steady and safe for investors since they typically provide gradual returns along with dividends over the long run. However, a new tech-centric insurance company that debuted with an Initial Public Offering (IPO) last…
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Meggitt (LON:MGGT) Price Target Cut to GBX 356
Societe Generale Lowers Whitbread (LON:WTB) to Sell
Intercontinental Hotels Group (LON:IHG) Price Target Increased to GBX 3,900 by Analysts at Societe Generale
Berenberg Bank Raises Standard Life Aberdeen (LON:SLA) Price Target to GBX 275
Rolls-Royce Holding PLC (LON:RR) Earns "Equal weight" Rating from Morgan Stanley
Morgan Stanley Raises British American Tobacco Plc Ads (LON:BATS) Price Target to GBX 3,380
Crest Nicholson (LON:CRST) PT Lowered to GBX 210 at UBS Group
Veeva Systems Inc (NYSE:VEEV) Insider Sells $12,078.50 in Stock
Insider Selling: Itron, Inc. (NASDAQ:ITRI) SVP Sells 379 Shares of Stock
Etsy Inc (NASDAQ:ETSY) CAO Sells $87,481.44 in Stock
Dicerna Pharmaceuticals Inc (NASDAQ:DRNA) COO James B. Weissman Sells 4,360 Shares
Insider Selling: Stamps.com Inc. (NASDAQ:STMP) CMO Sells 4,318 Shares of Stock
Gili Iohan Sells 10,000 Shares of Varonis Systems Inc (NASDAQ:VRNS) Stock
Floor & Decor Holdings Inc (NYSE:FND) CEO Thomas V. Taylor Sells 43,676 Shares
Blackline Inc (NASDAQ:BL) CFO Mark Partin Sells 40,000 Shares
Polypipe Group's (PLP) Under Review Rating Reaffirmed at Shore Capital
Sally Beauty (NYSE:SBH) Upgraded to Buy at Oppenheimer
Chubb (NYSE:CB) Stock Rating Reaffirmed by Wells Fargo & Co
Collegium Pharmaceutical (NASDAQ:COLL) Now Covered by Analysts at Needham & Company LLC

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