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COVID-19 Trend Says Short the Slaughterhouses, Go Long on Grocers

“The food supply chain is breaking,” Tyson Foods (NYSE: TSN) warned in April.
Prices for eggs, bacon and beef are already soaring. But this may merely be the beginning.
That most dreaded word – “shortage“ – is flitting around. And a food shortage in the midst of a pandemic is the last thing Americans need.
For investors, we have to recognize which companies are going to suffer from this situation. And which are going to profit.
So, with what’s supposed to be the start of barbecue season (Memorial Day weekend) around the corner, the looming meat shortage is our focus for this week’s Making …read more […]

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Pinterest tops Q1 revenue estimates, but warns of margin pressure due to coronavirus

Pinterest missed investors’ expectations on earnings per share but beat on revenue in its first-quarter earnings report. The company said monthly active users jumped 26% to 367 million globally during the quarter and it saw record levels of engagement.Pinterest withdrew its full-year outlook in April. Yahoo Finance’s Myles Udland and Jennifer Rogers break down the earnings report. …read more […]

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Disney beats on top line, says COVID-19 had significant impact at parks

On Tuesday, Disney announced its second-quarter earnings report which beat investors’ expectations on the top line while missing on the bottom. The entertainment company cited that coronavirus had a major impact on the parks and experiences sector, though it offered no guidance for the third quarter. Yahoo Finance’s Myles Udland and The Final Round panel break down the earnings report. …read more […]

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Pinterest revenue beats estimates as users surge amid lockdowns

Pinterest, however, withdrew its full-year outlook in April, citing growing uncertainty due to the impact of the pandemic on the economic environment and its effect on advertiser demand. Pinterest’s total revenue rose 35% to $272 million, beating analysts’ average estimate of $270.1 million, according to IBES data from Refinitiv. Pinterest generates revenue by placing advertisements next to the pins, or posts, uploaded on the site by users. …read more […]

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Top Analyst Sees Doom and Gloom in These 2 Tech Stock Giants

Did tech stocks just save the day? Just when it looked like the market’s losing streak was set to continue, several tech names stepped up to the plate and led Wall Street to a small victory this week. As investors praise the efforts to reopen many major economies, U.S. stocks and oil prices ticked up.Does all of this mean market watchers should start snapping up tech stocks immediately? Not necessarily. Wall Street pros remind investors that while the industry does in fact house names with strong long-term growth narratives, not all tech stocks are bound for greatness.This is the stance …read more […]

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Norwegian Cruise Line flags doubts about its ability to stay afloat

The company’s shares slumped about 20% as it also launched a $1.6 billion offering of shares and bonds in a scramble to raise money, and announced a $400 million investment in a subsidiary from a private equity firm. On Monday Carnival said it plans to resume some cruises beginning Aug. 1, pending continued efforts to coordinate with government officials. …read more […]