Victoria Fernandez, Chief Market Strategist at Crossmark Global Investments, joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to break down the latest earnings report, weigh in on the state of carnival and airlines stocks and discuss overall markets around Tuesday’s opening bell. …read more […]
Kohl’s (KSS) said it has seen a surge in online sales in the first quarter, while the department store chain posted larger losses than the market expected due to store closures during the coronavirus pandemic.Online sales in the first quarter ended May 2 increased 24% and accelerated to more than 60% in April. Net sales in the reported quarter plunged 44% to $2.16 billion. The department store chain reported adjusted loss per share of $3.20, missing market expectations of a $1.80 loss.“We entered the year in a strong financial position and our business was tracking to our expectations prior to …read more […]
Retail giant Walmart reported stronger-than-expected first-quarter earnings on Tuesday, driven by a surge in e-commerce and higher traffic in stores amid the coronavirus pandemic. Yahoo Finance’s Julia La Roche breaks down the report on The First Trade. …read more […]
And they’re off to the races. All three of the major U.S. stock indexes popped on Monday after biotech company Moderna reported its experimental COVID-19 vaccine produced encouraging results in its Phase 1 trial, with it appearing to be safe and able to generate an immune response against the virus.While the news has inspired optimism among market watchers, one investing guru is saying slow your roll. Billionaire Steve Cohen told the employees of his investment firm, Point72 Asset Management, to use caution amid the market’s slight rebounds from low points.In a note to his staff, Cohen wrote, “Markets don’t come …read more […]
About 50% of its outposts are now open. …read more […]
The Kraft Heinz Company (NASDAQ:KHC) shareholders should be happy to see the share price up 13% in the last quarter… …read more […]
In recent weeks, the coronavirus conversation has shifted. We’re starting to talk about the great reopening, the restart of the economy after months of enforced shutdowns. The practical effects will be played out in the various states, as some stay in lockdown while others move, in a range of ways, to restart the business of living.The results will inform the national debate, whether we’ll see the grim path of a prolonged recession, the rosy case of a V-shaped recovery, or something in between. But a full recovery is for the long-term; closer in, the risks are greater. Writing on the …read more […]
Income Expert Marc Lichtenfeld explains the advantages of convertible bonds. This unique opportunity in fixed income allows investors to reap the benefits of stock appreciation and bond security. As an expert in equities and fixed income alike, Marc is always finding his readers the plays with the best profit potential. And in the bond market, the security of these plays can’t be matched. Read on below to discover how this security can help you stay invested in stocks without challenging your risk tolerance.
Stock investors have the opportunity to make considerable profits, but they have to take on risk in …read more […]
Dimon called the current situation a “call to action” that should prompt business and government to “lay the foundation for the kind of recovery we need [and] it is critical we do so.” …read more […]
Kohl’s was forced to close all its U.S. stores to curb the spread of the virus, hammering sales and sending shares in the retailer some 63% lower so far this year. The company, which owns over 1,100 stores in the United States, had earlier withdrawn its full-year forecast, suspended share buyback plan and borrowed money to combat the pandemic’s impact. Department stores have been struggling even before the pandemic as consumers shift to online shopping and competition from fast-fashion brands add to the pressure. …read more […]
U.S. securities filings show that only three of 12 listed oil and gas companies that received emergency government aid made available for small businesses said they would return it ahead of a deadline for firms that do not need the funds to do so. The U.S. Treasury Department offered amnesty to public companies that return money they borrowed by May 18, saying it would deem they made the application in good faith due to economic uncertainty fueled by the coronavirus outbreak, before guidelines were clarified. The country’s energy sector has been clamoring for government aid in the wake …read more […]
Airlines have been the among the worst hit by the coronavirus crisis, which brought travel to a virtual standstill around the world. “The company has also recently experienced a modest improvement in passenger demand and bookings in June 2020,” Southwest said in a regulatory filing. …read more […]
Walmart has also been ramping up hiring, temporarily increasing wages and spending more on the maintenance of its stores and fulfillment centers as frustrations mount among U.S. warehouse, delivery and retail workers in the United States over concerns about their safety and pay. Walmart also said it would discontinue Jet.com, an online start-up it acquired in 2016 for $3.3 billion. …read more […]
Bluebird Bio (BLUE) priced an offering of 9.09 million shares of its common stock at $55 each, the company said late on Monday.The gene therapy company, which expects the offering to close on May 21, seeks to raise gross proceeds of about $500 million from the sale. Shares in Bluebird were down 0.2% at $57 in Tuesday’s pre-market trading in the U.S. after plunging 34% year-to-date.Bluebird is also giving the underwriters a 30-day option to buy up to an additional 1.36 million shares in common stock. Goldman Sachs, BofA Securities and Cowen are acting as joint book-running managers of the …read more […]
The world’s largest retailer was a go-to destination as consumers stocked up during the pandemic. …read more […]
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