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Asian shares mostly lower, Japan gains on upbeat data
Asian shares mostly lower, Japan gains on upbeat data
| April 8th | 2020  3:05AM
Asian shares mostly lower, Japan gains on upbeat data
TOKYO (AP) — Japan's benchmark advanced but other Asian shares fell Wednesday amid uncertainty over the coronavirus outbreak, which continues to claim more lives around the world. Japan's Nikkei 225 jumped 2.1% to finish at 19,353.24. Stronger than expected machinery orders helped lift sentiment. Australia's S&P/ASX 200 shed nearly 0.9% to 5,206.90, while South Korea's Kospi lost 0.3% to 1,817.74.
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The Latest: Report: Euro finance ministers break off talks
The Latest: Report: Euro finance ministers break off talks
| April 8th | 2020  3:04AM
The Latest: Report: Euro finance ministers break off talks
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: = Finance ministers from euro currency nations break off talks on response…
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The Latest: Report: Japan's economy to shrink by record 25%
Government policy news icon
| April 8th | 2020  2:29AM
The Latest: Report: Japan's economy to shrink by record 25%
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — Japan's economy headed to record 25% contraction, according to Goldman Sachs …
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Twitter's Dorsey sets up $1B fund; consumers get some breaks
Twitter's Dorsey sets up $1B fund; consumers get some breaks
| April 7th | 2020  11:30PM
Twitter's Dorsey sets up $1B fund; consumers get some breaks
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to the global economy, the work place and the spread of the virus. ___________ CUSTOMERS FIRST: The pandemic is sapping trillions from the economy and the ramifications for businesses, from banks to restaurants, is severe.
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Asian shares mostly lower on worries about pandemic damage
Energy industry news icon
| April 7th | 2020  11:27PM
Asian shares mostly lower on worries about pandemic damage
TOKYO (AP) — Asian shares were mostly lower, gyrating in early Wednesday trading amid uncertainty over the coronavirus outbreak, which continues to claim more lives around the world. Japan's Nikkei 225 inched up 0.1% to 18,974.06 in morning trading. Australia's S&P/ASX 200 was down 0.3% at 5,234.60, while South Korea's Kospi lost nearly 0.4% to 1,816.84.
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Trump allies put unproven virus drug to work in Texas
Dr. Robin Armstrong
| April 7th | 2020  9:18PM
Trump allies put unproven virus drug to work in Texas
AUSTIN, Texas (AP) — When a coronavirus outbreak hit a Texas nursing home, Dr. Robin Armstrong reached for an unproven treatment: the anti-malaria drug hydroxychloroquine. First, he needed to find a supply. But at a moment when President Donald Trump is heavily promoting the drug, Armstrong is no regular physician. He is a Republican National Committee member and GOP activist in Houston, and after calling Republican Lt.
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Judge refuses to approve fire victims letter attacking PG&E
Judge refuses to approve fire victims letter attacking PG&E
| April 7th | 2020  8:49PM
Judge refuses to approve fire victims letter attacking PG&E
BERKELEY, Calif. (AP) — A federal judge has refused to put his stamp of approval on a letter to Northern California wildfire victims from attorneys who allege that Pacific Gas & Electric may be breaking its promises as it tries to preserve a plan for getting out of bankruptcy in an unraveling economy. The decision issued late Tuesday…
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Earl Graves Sr., founder of Black Enterprise magazine, dies
GRAVES
| April 7th | 2020  7:48PM
Earl Graves Sr., founder of Black Enterprise magazine, dies
NEW YORK (AP) — Earl Graves Sr., who championed black businesses as the founder of the first African American-owned magazine focusing on black entrepreneurs, has died. He was 85. Graves died Monday after a long battle with Alzheimer’s disease, his son, Earl “Butch” Graves Jr, said in a post on Twitter. Graves launched his magazine, Black Enterprise, in 1970.
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The Latest: European Union science official resigns
Social affairs news icon
| April 7th | 2020  7:25PM
The Latest: European Union science official resigns
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — New York City records more deaths from virus than 9/11. —Trump…
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Consumers get some breaks, but layoffs keep coming
Government regulations news icon
| April 7th | 2020  7:22PM
Consumers get some breaks, but layoffs keep coming
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to the global economy, the work place and the spread of the virus. ___________ CUSTOMERS FIRST: The pandemic is sapping trillions from the economy and the ramifications for businesses, from banks to restaurants, is severe.
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Virus crisis cuts off billions sent to poor around the world
Virus crisis cuts off billions sent to poor around the world
| April 7th | 2020  7:00PM
Virus crisis cuts off billions sent to poor around the world
MIAMI (AP) — Until a month ago, Diana Leticia Hernández sold face cream door to door in Miami. Her husband painted houses. The money fed their family and at least six relatives in Honduras. Hernández has sold nothing since last month due to fear and social-distancing restrictions in South Florida. Her husband hasn’t worked either. This…
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'Pharma Bro' wants out of prison to research coronavirus
Martin Shkreli
| April 7th | 2020  5:56PM
'Pharma Bro' wants out of prison to research coronavirus
NEW YORK (AP) — Convicted former drug company CEO Martin Shkreli, known as “Pharma Bro,” wants to get out of prison so he can help research a treatment for the coronavirus, his lawyer said Tuesday. Defense attorney Ben Brafman said that he will file court papers asking federal authorities to release Shkreli for three months so he can…
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A stock rally fizzles out on Wall Street; oil prices plunge
A stock rally fizzles out on Wall Street; oil prices plunge
| April 7th | 2020  5:32PM
A stock rally fizzles out on Wall Street; oil prices plunge
NEW YORK (AP) — A big rally on Wall Street suddenly vanished Tuesday, the latest twist for a market dominated by sharp swings amid the coronavirus outbreak. The S&P 500 dipped 0.2% after erasing a surge of 3.5% earlier in the day. The market’s gains faded as the price of U.S. crude oil abruptly flipped from a gain to a steep loss of more than 9%.
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Wall Street's rally fizzles as oil prices suddenly plunge
Energy industry news icon
| April 7th | 2020  4:57PM
Wall Street's rally fizzles as oil prices suddenly plunge
NEW YORK (AP) — A big rally on Wall Street suddenly vanished Tuesday, undercut in part by another plunge in the price of oil. The S&P 500 dipped 0.2% after erasing a surge of 3.5% earlier in the day. The market’s gains faded as the price of U.S. crude oil abruptly flipped from a gain to a steep loss of more than 9%. It dampened what had been an ebullient day for markets worldwide.
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The Latest: Collins says gift could save lives in Georgia
Corporate news news icon
| April 7th | 2020  4:48PM
The Latest: Collins says gift could save lives in Georgia
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — New York City records more deaths from virus than 9/11. —British…
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Ciena (CIEN) is a Buy During Pandemic Times
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| April 7th | 2020  1:00AM
Ciena (CIEN) is a Buy During Pandemic Times
Optical network solutions provider Ciena (NASDAQ: CIEN)  has been one of the most resilient stocks throughout the coronavirus pandemic as shares continue to trade within (-7%) off highs compared to the(- 23%) for the S&P 500 (NYSEARCA: SPY). The surge in remote and telework activity along with video streaming has bolstered the need for bandwidth capacity, which is right up Cena’s alley.
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How a Coronavirus “War Bond” Might Work
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| April 7th | 2020  1:00AM
How a Coronavirus “War Bond” Might Work
The United States has gone to war with stranger enemies. First we took on poverty way back in the Johnson era. Needless to say, that war has not gone so well. Then it was the war on drugs, which has seen predictably minimal results. Then the war on terror, which prompted some to wonder how you wage war against a tactic, exactly. The war on coronavirus, however, at least has a living—if not exactly sapient—enemy.
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Is eBay Undervalued?
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| April 7th | 2020  1:00AM
Is eBay Undervalued?
In what was surely one of the cleanest bounces off a support line in the past few weeks, shares of eBay (NASDAQ: EBAY) fell more than 30%, came within $0.01 of their previous low and haven’t looked back since. On the way down, they gave up all of 2019’s gains but compared to many other names out there, this wasn’t too bad a return for what was the worst Q1 in history.
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Six Reasons Why This Rebound Has Legs
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| April 7th | 2020  1:00AM
Six Reasons Why This Rebound Has Legs
A Buy-Signal With Strong Tailwinds It is clear the market has hit a bottom. The S&P 500 (SPY) hit a key support level and has been trending higher ever since. In my post yesterday I laid out the case for why this bounce could be the strongest trend-following signal you will ever see. Today I will provide six (6) reasons why this bounce has legs. 1…
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CompanyBrokerageAction
General Motors logo
GM
General Motors
CfraDowngrade
to Sell
Enel Americas SA logo
ENIA
Enel Americas SA
Sanford C. BernsteinUpgrade
to Buy
Green Dot Co. logo
GDOT
Green Dot Co.
Craig HallumInitiated Coverage
at $35.00
RingCentral Inc logo
RNG
RingCentral Inc
Evercore ISIInitiated Coverage
at $240.00
Planet Fitness Inc logo
PLNT
Planet Fitness Inc
DA DavidsonInitiated Coverage
at $60.00
Walt Disney Co logo
DIS
Walt Disney Co
Wells Fargo & CoDowngrade
to Equal Weight
Varian Medical Systems, Inc. logo
VAR
Varian Medical Systems, Inc.
Piper SandlerInitiated Coverage
at $126.00
Novocure Ltd logo
NVCR
Novocure Ltd
Piper SandlerInitiated Coverage
at $85.00
ManpowerGroup Inc. logo
MAN
ManpowerGroup Inc.
CL KingLower Price Target
$107.00 ➝ $80.00
Varonis Systems Inc logo
VRNS
Varonis Systems Inc
BarclaysLower Price Target
$95.00 ➝ $62.00
Hexcel Co. logo
HXL
Hexcel Co.
Jefferies Financial GroupLower Price Target
$80.00 ➝ $35.00
Hewlett Packard Enterprise Co logo
HPE
Hewlett Packard Enterprise Co
Deutsche BankLower Price Target
$15.00 ➝ $13.00
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