Year: 2020

Stocks are on the rise, but why? The glum results of earnings season have not caused another panic – rather, investors seem to be taking them in stride as ‘baked in’ to the current financial situation. The indexes are generally holding steady, at resistance levels Wall Street had predicted two weeks ago. And this brings up the questions, How long will this last? and What will happen next? Weighing in from Morgan Stanley, chief US equity strategist Michael Wilson believes that stocks hit their true bottom on March 23. In his view, the coronavirus and the collapse in oil markets …read more […]

The U.S. Food and Drug Administration (FDA) approved a treatment developed by AstraZeneca (AZN) and Merck Co. (MRK) for advanced ovarian cancer.The FDA approved the ovarian drug Lynparza to be used in combination with bevacizumab as a first-line maintenance treatment of adult patients with advanced epithelial ovarian, fallopian tube or primary peritoneal cancer. Patients will be selected for therapy based on an FDA-approved companion diagnostic for Lynparza.Lynparza is a first-in-class PARP inhibitor, which is a targeted treatment to potentially exploit DNA damage response (DDR) pathway deficiencies, such as so-called BRCA mutations to kill cancer cells. It is being tested in …read more […]

Last week saw the newest quarterly earnings release from Bristol-Myers Squibb Company (NYSE:BMY), an important… …read more […]

As you might know, Bill.com Holdings, Inc. (NYSE:BILL) just kicked off its latest quarterly results with some very… …read more […]

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 […]