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Macy's, Kraft Heinz rise; Alcon, NXP Semiconductor fall

Posted on Tuesday, April 7th, 2020 By The Associated Press

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Tuesday:

Exxon Mobil Corp., up 77 cents to $41.24

The energy giant its slashing its spending plans due to weak demand and a market flooded with an oversupply of oil.

Kraft Heinz Co., up 70 cents to $26.61

The food maker said it's seeing “very strong consumer demand” for its products.

Alcon Inc., down 82 cents to $51.50

The maker of eye care products withrew its financial forecasts for this year and will delay a decision on paying a dividend until next year.

V.F. Corp., up $1.67 to $56.34

The maker of Vans and North Face products suspended its stock buyback program but will keep paying dividends.

Luminex Corp., up $1.41 to $28.49

The maker of testing systems for biotechnology companies reported first-quarter revenue that beat its own forecasts.

Macy's Inc., up 28 cents to $5.91

The retailer said its chief financial officer would leave at the end of May.

NXP Semiconductors N.V., down $2.66 to $84.28

The chipmaker said the impact from COVID-19 on its first-quarter results would be worse than it had forecast on March 2.

Continental Resources Inc., up 96 cents to $10.45

The energy company said it would cut production in response to dropping demand and suspend its dividend.

Companies Mentioned in This Article

CompanyBeat the Market™ RankCurrent PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Exxon Mobil (XOM)2.6$46.24+0.7%7.53%17.32Hold$55.64
Luminex (LMNX)1.5$31.46+1.8%1.14%-209.72Hold$26.50
NXP Semiconductors (NXPI)2.6$104.39+2.3%1.44%124.28Buy$120.17

Top 8 Companies That Are Adapting to a Post-Coronavirus World

The unintended consequences of the coronavirus pandemic are being played out in homes and apartments throughout the world. More and more employees are working from home, that’s if they have a job to go to. Entire industries are effectively shut down as the world attempts to slow the spread of the virus.

At some point, however, things will return to normal. But it will be a new normal. There are many businesses that won’t reopen, and many industries that will forever be changed. As an investor, now is the time to get out your crystal ball. Timing the market is a fool’s errand. But looking at what industries are positioned to thrive in a world that will be changed by the coronavirus is a prudent strategy.

We’ve identified 8 companies that are adapting to what the economy will be like in a post-coronavirus world. It will undoubtedly be more digital than it already is. Supply chains may become more vertically integrated as “Made in America” may take on a whole new meaning. As will the idea of working from home, going to a concert, or even preparing a meal.

View the "Top 8 Companies That Are Adapting to a Post-Coronavirus World".

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