- U.S. stock futures turned strongly positive Monday morning after the Federal Reserve pledged asset purchases with no limit to support markets. Dow futures hit their 5% “limit down” overnight, and were off 600-points at one stage Monday morning, as a massive coronavirus funding package failed a key Senate procedural vote Sunday. The Dow Jones Industrial Average tanked another 900 points or 4.5% on Friday, bringing the weekly decline to over 17% for the worst week since the 2008 financial crisis. Ahead of Monday’s session, the Dow was off more than 35% from last month’s record highs. The New York Stock Exchange’s trading floor will be close starting Monday. The NYSE will go to fully electronic trading. The 10-year Treasury yield, which popped back above 1% last week, was below that level early Monday.
- Top-level White House and congressional negotiators burned the midnight oil over the now-nearly $2 trillion coronavirus rescue package. Democrats blocked the bill in Sunday’s vote, saying it did too much to bail out companies and not enough to help workers. Several GOP senators, including Rand Paul, who tested positive for the coronavirus, were not present to vote. Others, such as Mitt Romney, were in quarantine as a precaution. The Federal Reserve and Treasury are working on financing programs that could be worth $4 trillion. Goldman Sachs upgraded shares of Boeing, which is hoping for a bailout. Boeing stock has dropped 80% from recent highs on the dual crises of the outbreak and the grounding of its 737 Max.
- The United States has the third most coronavirus cases in the world, with over 35,000 and 471 deaths, according to Johns Hopkins University data. More than half the U.S. cases are in New York, where the death toll increased to 153. Washington state has the second-most cases, with nearly 2,000 confirmed and 95 deaths. New Jersey, California and Illinois round out the top five states. President Donald Trump on Sunday activated the National Guard in New York, Washington state and California in order to combat the spread of the coronavirus. New York plans to run a clinical trial, beginning Tuesday, of a treatment regimen of antimalarial hydroxychloroquine and antibiotic azithromycin, a drug cocktail that has shown promise in fighting the coronavirus.
- Global coronavirus cases topped 343,000, with 14,789 deaths and over 98,800 recoveries. China, where the outbreak started in December, still has the most cases at over 81,400. China’s 3,274 deaths are second to Italy’s 5,476 deaths. Italy is second in total cases at over 59,100. The U.S., Spain and Germany round out the top five countries. German Chancellor Angela Merkel went into quarantine over the weekend after contact with a doctor who tested positive for the virus. The German government is set to unveil major stimulus measures. Pressure mounts to cancel the Tokyo summer Olympics, set to begin at the end of July. Canada said it won’t send teams to compete. Local media reports indicate that Japanese Prime Minister Shinzo Abe is considering a delay.
- Cisco Systems is committing $225 million to assist in efforts aimed at combating the coronavirus while the rest of Silicon Valley also initiates an investment blitz. 3M said it will supply New York and Seattle with a half-million N95 respirator masks to address the ongoing shortage of health-care equipment. Merck said it will supply New York City with a half-million masks. Chinese billionaire and Alibaba founder Jack Ma sent to Africa 5.4 million face masks, over 1 million testing kits, 40,000 sets of protective clothing and 60,000 protective face shields. BlackRock is committing $50 million in outbreak relief.
Boeing (BA) – Boeing was upgraded to “buy” from “neutral” at Goldman Sachs, which said Boeing will remain a going concern and that flight travel will be as popular as ever once COVID-19 is resolved.
STOCK SYMBOL: BA
(CLICK HERE FOR LIVE STOCK QUOTE!)
Coca-Cola (KO) – Coca-Cola was upgraded to “overweight” from “neutral” at JPMorgan Chase, which points to rebound prospects post-COVID-19 and the idea that consensus estimates for revenue and profit are conservative.
STOCK SYMBOL: KO
(CLICK HERE FOR LIVE STOCK QUOTE!)
Deere (DE) – The heavy equipment maker withdrew its financial outlook for 2020 due to the virus outbreak, and is temporarily shutting down some operations. It is continuing to operate in the U.S. and globally to the extent possible.
STOCK SYMBOL: DE
(CLICK HERE FOR LIVE STOCK QUOTE!)
Amazon.com (AMZN) – Amazon is raising overtime pay for warehouse workers amid a surge in online shopping. Amazon’s move follows similar action from rival Walmart (WMT), which raised the minimum wage for e-commerce warehouse workers.
STOCK SYMBOL: AMZN
(CLICK HERE FOR LIVE STOCK QUOTE!)
Danaher (DHR) – Danaher’s Cepheid unit received U.S. Food and Drug Administration approval for its rapid coronavirus diagnostic test, the first of its kind. The test can deliver results in about 45 minutes, compared to lab results which can take days.
STOCK SYMBOL: DHR
(CLICK HERE FOR LIVE STOCK QUOTE!)
Netflix (NFLX) – Netflix was upgraded to “outperform” from “neutral” at Baird, which thinks the video streaming service will benefit from at least 2 factors: more people at home due to the coronavirus outbreak, and acceleration of cord-cutting due to the lack of live sports on TV.
STOCK SYMBOL: NFLX
(CLICK HERE FOR LIVE STOCK QUOTE!)
Apple (AAPL) – Apple dropped a two-device limit on online iPhone purchases, just days after instituting that limit. Apple brick-and-mortar stores outside China remain closed due to the coronavirus outbreak.
STOCK SYMBOL: AAPL
(CLICK HERE FOR LIVE STOCK QUOTE!)
Newmont (NEM) – Newmont withdrew its 2020 outlook, with the mining company planning to defer some of its production to 2021.
STOCK SYMBOL: NEM
(CLICK HERE FOR LIVE STOCK QUOTE!)
Occidental Petroleum (OXY) – Occidental is near a settlement with activist investor Carl Icahn, according to The Wall Street Journal. Under the proposed deal, two Icahn allies would receive seats on the Occidental board, and a third independent director would be mutually agreed upon by Icahn and Occidental.
STOCK SYMBOL: OXY
(CLICK HERE FOR LIVE STOCK QUOTE!)
MGM Resorts (MGM) – The casino operator named Bill Hornbuckle – the president of its international division – as acting chief executive officer. Jim Murren stepped down as chairman and CEO over the weekend, following last month’s announcement that Murren would vacate that position.
STOCK SYMBOL: MGM
(CLICK HERE FOR LIVE STOCK QUOTE!)
Gilead Sciences (GILD) – The drugmaker put emergency access to its experimental coronavirus drug remdesivir on hold due to overwhelming demand.
STOCK SYMBOL: GILD
(CLICK HERE FOR LIVE STOCK QUOTE!)
Best Buy (BBY) – The electronics retailer withdrew its financial guidance for the current quarter and the fiscal year, due to uncertainty related to the virus outbreak. It is also suspending all share buybacks and is shifting to curbside service only for its stores.
STOCK SYMBOL: BBY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Starbucks (SBUX) – The coffee chain is closing most of its company cafes across North America for two weeks, limiting service to drive-through.
STOCK SYMBOL: SBUX
(CLICK HERE FOR LIVE STOCK QUOTE!)
Tiffany (TIF) – French luxury goods maker LVMH denied last week’s reports that it is mulling buying shares of Tiffany on the open market, saying it is sticking with the takeover agreement signed in late 2019. Reports last week had said LVMH was considering open market purchases of Tiffany shares, since they are now selling for less than the agreed-upon takeover price.
STOCK SYMBOL: TIF
(CLICK HERE FOR LIVE STOCK QUOTE!)
Bed Bath & Beyond (BBBY) – The housewares retailer is closing its flagship-branded stores until April 3, to help stop the spread of the coronavirus.
STOCK SYMBOL: BBBY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Marriott (MAR), (HLT) – These and other hotel companies are placing tens of thousands of workers on furlough, as travel dries up in the midst of the coronavirus outbreak.
STOCK SYMBOL: MAR
(CLICK HERE FOR LIVE STOCK QUOTE!)
- U.S. stock futures turned strongly positive Monday morning after the Federal Reserve pledged asset purchases with no limit to support markets. Dow futures hit their 5% “limit down” overnight, and were off 600-points at one stage Monday morning, as a massive coronavirus funding package failed a key Senate procedural vote Sunday. The Dow Jones Industrial Average tanked another 900 points or 4.5% on Friday, bringing the weekly decline to over 17% for the worst week since the 2008 financial crisis. Ahead of Monday’s session, the Dow was off more than 35% from last month’s record highs. The New York Stock Exchange’s trading floor will be close starting Monday. The NYSE will go to fully electronic trading. The 10-year Treasury yield, which popped back above 1% last week, was below that level early Monday.
- Top-level White House and congressional negotiators burned the midnight oil over the now-nearly $2 trillion coronavirus rescue package. Democrats blocked the bill in Sunday’s vote, saying it did too much to bail out companies and not enough to help workers. Several GOP senators, including Rand Paul, who tested positive for the coronavirus, were not present to vote. Others, such as Mitt Romney, were in quarantine as a precaution. The Federal Reserve and Treasury are working on financing programs that could be worth $4 trillion. Goldman Sachs upgraded shares of Boeing, which is hoping for a bailout. Boeing stock has dropped 80% from recent highs on the dual crises of the outbreak and the grounding of its 737 Max.
- The United States has the third most coronavirus cases in the world, with over 35,000 and 471 deaths, according to Johns Hopkins University data. More than half the U.S. cases are in New York, where the death toll increased to 153. Washington state has the second-most cases, with nearly 2,000 confirmed and 95 deaths. New Jersey, California and Illinois round out the top five states. President Donald Trump on Sunday activated the National Guard in New York, Washington state and California in order to combat the spread of the coronavirus. New York plans to run a clinical trial, beginning Tuesday, of a treatment regimen of antimalarial hydroxychloroquine and antibiotic azithromycin, a drug cocktail that has shown promise in fighting the coronavirus.
- Global coronavirus cases topped 343,000, with 14,789 deaths and over 98,800 recoveries. China, where the outbreak started in December, still has the most cases at over 81,400. China’s 3,274 deaths are second to Italy’s 5,476 deaths. Italy is second in total cases at over 59,100. The U.S., Spain and Germany round out the top five countries. German Chancellor Angela Merkel went into quarantine over the weekend after contact with a doctor who tested positive for the virus. The German government is set to unveil major stimulus measures. Pressure mounts to cancel the Tokyo summer Olympics, set to begin at the end of July. Canada said it won’t send teams to compete. Local media reports indicate that Japanese Prime Minister Shinzo Abe is considering a delay.
- Cisco Systems is committing $225 million to assist in efforts aimed at combating the coronavirus while the rest of Silicon Valley also initiates an investment blitz. 3M said it will supply New York and Seattle with a half-million N95 respirator masks to address the ongoing shortage of health-care equipment. Merck said it will supply New York City with a half-million masks. Chinese billionaire and Alibaba founder Jack Ma sent to Africa 5.4 million face masks, over 1 million testing kits, 40,000 sets of protective clothing and 60,000 protective face shields. BlackRock is committing $50 million in outbreak relief.
Boeing (BA) – Boeing was upgraded to “buy” from “neutral” at Goldman Sachs, which said Boeing will remain a going concern and that flight travel will be as popular as ever once COVID-19 is resolved.
STOCK SYMBOL: BA
(CLICK HERE FOR LIVE STOCK QUOTE!)
Coca-Cola (KO) – Coca-Cola was upgraded to “overweight” from “neutral” at JPMorgan Chase, which points to rebound prospects post-COVID-19 and the idea that consensus estimates for revenue and profit are conservative.
STOCK SYMBOL: KO
(CLICK HERE FOR LIVE STOCK QUOTE!)
Deere (DE) – The heavy equipment maker withdrew its financial outlook for 2020 due to the virus outbreak, and is temporarily shutting down some operations. It is continuing to operate in the U.S. and globally to the extent possible.
STOCK SYMBOL: DE
(CLICK HERE FOR LIVE STOCK QUOTE!)
Amazon.com (AMZN) – Amazon is raising overtime pay for warehouse workers amid a surge in online shopping. Amazon’s move follows similar action from rival Walmart (WMT), which raised the minimum wage for e-commerce warehouse workers.
STOCK SYMBOL: AMZN
(CLICK HERE FOR LIVE STOCK QUOTE!)
Danaher (DHR) – Danaher’s Cepheid unit received U.S. Food and Drug Administration approval for its rapid coronavirus diagnostic test, the first of its kind. The test can deliver results in about 45 minutes, compared to lab results which can take days.
STOCK SYMBOL: DHR
(CLICK HERE FOR LIVE STOCK QUOTE!)
Netflix (NFLX) – Netflix was upgraded to “outperform” from “neutral” at Baird, which thinks the video streaming service will benefit from at least 2 factors: more people at home due to the coronavirus outbreak, and acceleration of cord-cutting due to the lack of live sports on TV.
STOCK SYMBOL: NFLX
(CLICK HERE FOR LIVE STOCK QUOTE!)
Apple (AAPL) – Apple dropped a two-device limit on online iPhone purchases, just days after instituting that limit. Apple brick-and-mortar stores outside China remain closed due to the coronavirus outbreak.
STOCK SYMBOL: AAPL
(CLICK HERE FOR LIVE STOCK QUOTE!)
Newmont (NEM) – Newmont withdrew its 2020 outlook, with the mining company planning to defer some of its production to 2021.
STOCK SYMBOL: NEM
(CLICK HERE FOR LIVE STOCK QUOTE!)
Occidental Petroleum (OXY) – Occidental is near a settlement with activist investor Carl Icahn, according to The Wall Street Journal. Under the proposed deal, two Icahn allies would receive seats on the Occidental board, and a third independent director would be mutually agreed upon by Icahn and Occidental.
STOCK SYMBOL: OXY
(CLICK HERE FOR LIVE STOCK QUOTE!)
MGM Resorts (MGM) – The casino operator named Bill Hornbuckle – the president of its international division – as acting chief executive officer. Jim Murren stepped down as chairman and CEO over the weekend, following last month’s announcement that Murren would vacate that position.
STOCK SYMBOL: MGM
(CLICK HERE FOR LIVE STOCK QUOTE!)
Gilead Sciences (GILD) – The drugmaker put emergency access to its experimental coronavirus drug remdesivir on hold due to overwhelming demand.
STOCK SYMBOL: GILD
(CLICK HERE FOR LIVE STOCK QUOTE!)
Best Buy (BBY) – The electronics retailer withdrew its financial guidance for the current quarter and the fiscal year, due to uncertainty related to the virus outbreak. It is also suspending all share buybacks and is shifting to curbside service only for its stores.
STOCK SYMBOL: BBY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Starbucks (SBUX) – The coffee chain is closing most of its company cafes across North America for two weeks, limiting service to drive-through.
STOCK SYMBOL: SBUX
(CLICK HERE FOR LIVE STOCK QUOTE!)
Tiffany (TIF) – French luxury goods maker LVMH denied last week’s reports that it is mulling buying shares of Tiffany on the open market, saying it is sticking with the takeover agreement signed in late 2019. Reports last week had said LVMH was considering open market purchases of Tiffany shares, since they are now selling for less than the agreed-upon takeover price.
STOCK SYMBOL: TIF
(CLICK HERE FOR LIVE STOCK QUOTE!)
Bed Bath & Beyond (BBBY) – The housewares retailer is closing its flagship-branded stores until April 3, to help stop the spread of the coronavirus.
STOCK SYMBOL: BBBY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Marriott (MAR), (HLT) – These and other hotel companies are placing tens of thousands of workers on furlough, as travel dries up in the midst of the coronavirus outbreak.
STOCK SYMBOL: MAR
(CLICK HERE FOR LIVE STOCK QUOTE!)
bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk. bigbear0083 is an admin at the financial forums Stockaholics.net where this content was originally posted.
- U.S. stock futures turned strongly positive Monday morning after the Federal Reserve pledged asset purchases with no limit to support markets. Dow futures hit their 5% “limit down” overnight, and were off 600-points at one stage Monday morning, as a massive coronavirus funding package failed a key Senate procedural vote Sunday. The Dow Jones Industrial Average tanked another 900 points or 4.5% on Friday, bringing the weekly decline to over 17% for the worst week since the 2008 financial crisis. Ahead of Monday’s session, the Dow was off more than 35% from last month’s record highs. The New York Stock Exchange’s trading floor will be close starting Monday. The NYSE will go to fully electronic trading. The 10-year Treasury yield, which popped back above 1% last week, was below that level early Monday.
- Top-level White House and congressional negotiators burned the midnight oil over the now-nearly $2 trillion coronavirus rescue package. Democrats blocked the bill in Sunday’s vote, saying it did too much to bail out companies and not enough to help workers. Several GOP senators, including Rand Paul, who tested positive for the coronavirus, were not present to vote. Others, such as Mitt Romney, were in quarantine as a precaution. The Federal Reserve and Treasury are working on financing programs that could be worth $4 trillion. Goldman Sachs upgraded shares of Boeing, which is hoping for a bailout. Boeing stock has dropped 80% from recent highs on the dual crises of the outbreak and the grounding of its 737 Max.
- The United States has the third most coronavirus cases in the world, with over 35,000 and 471 deaths, according to Johns Hopkins University data. More than half the U.S. cases are in New York, where the death toll increased to 153. Washington state has the second-most cases, with nearly 2,000 confirmed and 95 deaths. New Jersey, California and Illinois round out the top five states. President Donald Trump on Sunday activated the National Guard in New York, Washington state and California in order to combat the spread of the coronavirus. New York plans to run a clinical trial, beginning Tuesday, of a treatment regimen of antimalarial hydroxychloroquine and antibiotic azithromycin, a drug cocktail that has shown promise in fighting the coronavirus.
- Global coronavirus cases topped 343,000, with 14,789 deaths and over 98,800 recoveries. China, where the outbreak started in December, still has the most cases at over 81,400. China’s 3,274 deaths are second to Italy’s 5,476 deaths. Italy is second in total cases at over 59,100. The U.S., Spain and Germany round out the top five countries. German Chancellor Angela Merkel went into quarantine over the weekend after contact with a doctor who tested positive for the virus. The German government is set to unveil major stimulus measures. Pressure mounts to cancel the Tokyo summer Olympics, set to begin at the end of July. Canada said it won’t send teams to compete. Local media reports indicate that Japanese Prime Minister Shinzo Abe is considering a delay.
- Cisco Systems is committing $225 million to assist in efforts aimed at combating the coronavirus while the rest of Silicon Valley also initiates an investment blitz. 3M said it will supply New York and Seattle with a half-million N95 respirator masks to address the ongoing shortage of health-care equipment. Merck said it will supply New York City with a half-million masks. Chinese billionaire and Alibaba founder Jack Ma sent to Africa 5.4 million face masks, over 1 million testing kits, 40,000 sets of protective clothing and 60,000 protective face shields. BlackRock is committing $50 million in outbreak relief.
Boeing (BA) – Boeing was upgraded to “buy” from “neutral” at Goldman Sachs, which said Boeing will remain a going concern and that flight travel will be as popular as ever once COVID-19 is resolved.
STOCK SYMBOL: BA
(CLICK HERE FOR LIVE STOCK QUOTE!)
Coca-Cola (KO) – Coca-Cola was upgraded to “overweight” from “neutral” at JPMorgan Chase, which points to rebound prospects post-COVID-19 and the idea that consensus estimates for revenue and profit are conservative.
STOCK SYMBOL: KO
(CLICK HERE FOR LIVE STOCK QUOTE!)
Deere (DE) – The heavy equipment maker withdrew its financial outlook for 2020 due to the virus outbreak, and is temporarily shutting down some operations. It is continuing to operate in the U.S. and globally to the extent possible.
STOCK SYMBOL: DE
(CLICK HERE FOR LIVE STOCK QUOTE!)
Amazon.com (AMZN) – Amazon is raising overtime pay for warehouse workers amid a surge in online shopping. Amazon’s move follows similar action from rival Walmart (WMT), which raised the minimum wage for e-commerce warehouse workers.
STOCK SYMBOL: AMZN
(CLICK HERE FOR LIVE STOCK QUOTE!)
Danaher (DHR) – Danaher’s Cepheid unit received U.S. Food and Drug Administration approval for its rapid coronavirus diagnostic test, the first of its kind. The test can deliver results in about 45 minutes, compared to lab results which can take days.
STOCK SYMBOL: DHR
(CLICK HERE FOR LIVE STOCK QUOTE!)
Netflix (NFLX) – Netflix was upgraded to “outperform” from “neutral” at Baird, which thinks the video streaming service will benefit from at least 2 factors: more people at home due to the coronavirus outbreak, and acceleration of cord-cutting due to the lack of live sports on TV.
STOCK SYMBOL: NFLX
(CLICK HERE FOR LIVE STOCK QUOTE!)
Apple (AAPL) – Apple dropped a two-device limit on online iPhone purchases, just days after instituting that limit. Apple brick-and-mortar stores outside China remain closed due to the coronavirus outbreak.
STOCK SYMBOL: AAPL
(CLICK HERE FOR LIVE STOCK QUOTE!)
Newmont (NEM) – Newmont withdrew its 2020 outlook, with the mining company planning to defer some of its production to 2021.
STOCK SYMBOL: NEM
(CLICK HERE FOR LIVE STOCK QUOTE!)
Occidental Petroleum (OXY) – Occidental is near a settlement with activist investor Carl Icahn, according to The Wall Street Journal. Under the proposed deal, two Icahn allies would receive seats on the Occidental board, and a third independent director would be mutually agreed upon by Icahn and Occidental.
STOCK SYMBOL: OXY
(CLICK HERE FOR LIVE STOCK QUOTE!)
MGM Resorts (MGM) – The casino operator named Bill Hornbuckle – the president of its international division – as acting chief executive officer. Jim Murren stepped down as chairman and CEO over the weekend, following last month’s announcement that Murren would vacate that position.
STOCK SYMBOL: MGM
(CLICK HERE FOR LIVE STOCK QUOTE!)
Gilead Sciences (GILD) – The drugmaker put emergency access to its experimental coronavirus drug remdesivir on hold due to overwhelming demand.
STOCK SYMBOL: GILD
(CLICK HERE FOR LIVE STOCK QUOTE!)
Best Buy (BBY) – The electronics retailer withdrew its financial guidance for the current quarter and the fiscal year, due to uncertainty related to the virus outbreak. It is also suspending all share buybacks and is shifting to curbside service only for its stores.
STOCK SYMBOL: BBY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Starbucks (SBUX) – The coffee chain is closing most of its company cafes across North America for two weeks, limiting service to drive-through.
STOCK SYMBOL: SBUX
(CLICK HERE FOR LIVE STOCK QUOTE!)
Tiffany (TIF) – French luxury goods maker LVMH denied last week’s reports that it is mulling buying shares of Tiffany on the open market, saying it is sticking with the takeover agreement signed in late 2019. Reports last week had said LVMH was considering open market purchases of Tiffany shares, since they are now selling for less than the agreed-upon takeover price.
STOCK SYMBOL: TIF
(CLICK HERE FOR LIVE STOCK QUOTE!)
Bed Bath & Beyond (BBBY) – The housewares retailer is closing its flagship-branded stores until April 3, to help stop the spread of the coronavirus.
STOCK SYMBOL: BBBY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Marriott (MAR), (HLT) – These and other hotel companies are placing tens of thousands of workers on furlough, as travel dries up in the midst of the coronavirus outbreak.
STOCK SYMBOL: MAR
(CLICK HERE FOR LIVE STOCK QUOTE!)
- U.S. stock futures turned strongly positive Monday morning after the Federal Reserve pledged asset purchases with no limit to support markets. Dow futures hit their 5% “limit down” overnight, and were off 600-points at one stage Monday morning, as a massive coronavirus funding package failed a key Senate procedural vote Sunday. The Dow Jones Industrial Average tanked another 900 points or 4.5% on Friday, bringing the weekly decline to over 17% for the worst week since the 2008 financial crisis. Ahead of Monday’s session, the Dow was off more than 35% from last month’s record highs. The New York Stock Exchange’s trading floor will be close starting Monday. The NYSE will go to fully electronic trading. The 10-year Treasury yield, which popped back above 1% last week, was below that level early Monday.
- Top-level White House and congressional negotiators burned the midnight oil over the now-nearly $2 trillion coronavirus rescue package. Democrats blocked the bill in Sunday’s vote, saying it did too much to bail out companies and not enough to help workers. Several GOP senators, including Rand Paul, who tested positive for the coronavirus, were not present to vote. Others, such as Mitt Romney, were in quarantine as a precaution. The Federal Reserve and Treasury are working on financing programs that could be worth $4 trillion. Goldman Sachs upgraded shares of Boeing, which is hoping for a bailout. Boeing stock has dropped 80% from recent highs on the dual crises of the outbreak and the grounding of its 737 Max.
- The United States has the third most coronavirus cases in the world, with over 35,000 and 471 deaths, according to Johns Hopkins University data. More than half the U.S. cases are in New York, where the death toll increased to 153. Washington state has the second-most cases, with nearly 2,000 confirmed and 95 deaths. New Jersey, California and Illinois round out the top five states. President Donald Trump on Sunday activated the National Guard in New York, Washington state and California in order to combat the spread of the coronavirus. New York plans to run a clinical trial, beginning Tuesday, of a treatment regimen of antimalarial hydroxychloroquine and antibiotic azithromycin, a drug cocktail that has shown promise in fighting the coronavirus.
- Global coronavirus cases topped 343,000, with 14,789 deaths and over 98,800 recoveries. China, where the outbreak started in December, still has the most cases at over 81,400. China’s 3,274 deaths are second to Italy’s 5,476 deaths. Italy is second in total cases at over 59,100. The U.S., Spain and Germany round out the top five countries. German Chancellor Angela Merkel went into quarantine over the weekend after contact with a doctor who tested positive for the virus. The German government is set to unveil major stimulus measures. Pressure mounts to cancel the Tokyo summer Olympics, set to begin at the end of July. Canada said it won’t send teams to compete. Local media reports indicate that Japanese Prime Minister Shinzo Abe is considering a delay.
- Cisco Systems is committing $225 million to assist in efforts aimed at combating the coronavirus while the rest of Silicon Valley also initiates an investment blitz. 3M said it will supply New York and Seattle with a half-million N95 respirator masks to address the ongoing shortage of health-care equipment. Merck said it will supply New York City with a half-million masks. Chinese billionaire and Alibaba founder Jack Ma sent to Africa 5.4 million face masks, over 1 million testing kits, 40,000 sets of protective clothing and 60,000 protective face shields. BlackRock is committing $50 million in outbreak relief.
Boeing (BA) – Boeing was upgraded to “buy” from “neutral” at Goldman Sachs, which said Boeing will remain a going concern and that flight travel will be as popular as ever once COVID-19 is resolved.
STOCK SYMBOL: BA
(CLICK HERE FOR LIVE STOCK QUOTE!)
Coca-Cola (KO) – Coca-Cola was upgraded to “overweight” from “neutral” at JPMorgan Chase, which points to rebound prospects post-COVID-19 and the idea that consensus estimates for revenue and profit are conservative.
STOCK SYMBOL: KO
(CLICK HERE FOR LIVE STOCK QUOTE!)
Deere (DE) – The heavy equipment maker withdrew its financial outlook for 2020 due to the virus outbreak, and is temporarily shutting down some operations. It is continuing to operate in the U.S. and globally to the extent possible.
STOCK SYMBOL: DE
(CLICK HERE FOR LIVE STOCK QUOTE!)
Amazon.com (AMZN) – Amazon is raising overtime pay for warehouse workers amid a surge in online shopping. Amazon’s move follows similar action from rival Walmart (WMT), which raised the minimum wage for e-commerce warehouse workers.
STOCK SYMBOL: AMZN
(CLICK HERE FOR LIVE STOCK QUOTE!)
Danaher (DHR) – Danaher’s Cepheid unit received U.S. Food and Drug Administration approval for its rapid coronavirus diagnostic test, the first of its kind. The test can deliver results in about 45 minutes, compared to lab results which can take days.
STOCK SYMBOL: DHR
(CLICK HERE FOR LIVE STOCK QUOTE!)
Netflix (NFLX) – Netflix was upgraded to “outperform” from “neutral” at Baird, which thinks the video streaming service will benefit from at least 2 factors: more people at home due to the coronavirus outbreak, and acceleration of cord-cutting due to the lack of live sports on TV.
STOCK SYMBOL: NFLX
(CLICK HERE FOR LIVE STOCK QUOTE!)
Apple (AAPL) – Apple dropped a two-device limit on online iPhone purchases, just days after instituting that limit. Apple brick-and-mortar stores outside China remain closed due to the coronavirus outbreak.
STOCK SYMBOL: AAPL
(CLICK HERE FOR LIVE STOCK QUOTE!)
Newmont (NEM) – Newmont withdrew its 2020 outlook, with the mining company planning to defer some of its production to 2021.
STOCK SYMBOL: NEM
(CLICK HERE FOR LIVE STOCK QUOTE!)
Occidental Petroleum (OXY) – Occidental is near a settlement with activist investor Carl Icahn, according to The Wall Street Journal. Under the proposed deal, two Icahn allies would receive seats on the Occidental board, and a third independent director would be mutually agreed upon by Icahn and Occidental.
STOCK SYMBOL: OXY
(CLICK HERE FOR LIVE STOCK QUOTE!)
MGM Resorts (MGM) – The casino operator named Bill Hornbuckle – the president of its international division – as acting chief executive officer. Jim Murren stepped down as chairman and CEO over the weekend, following last month’s announcement that Murren would vacate that position.
STOCK SYMBOL: MGM
(CLICK HERE FOR LIVE STOCK QUOTE!)
Gilead Sciences (GILD) – The drugmaker put emergency access to its experimental coronavirus drug remdesivir on hold due to overwhelming demand.
STOCK SYMBOL: GILD
(CLICK HERE FOR LIVE STOCK QUOTE!)
Best Buy (BBY) – The electronics retailer withdrew its financial guidance for the current quarter and the fiscal year, due to uncertainty related to the virus outbreak. It is also suspending all share buybacks and is shifting to curbside service only for its stores.
STOCK SYMBOL: BBY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Starbucks (SBUX) – The coffee chain is closing most of its company cafes across North America for two weeks, limiting service to drive-through.
STOCK SYMBOL: SBUX
(CLICK HERE FOR LIVE STOCK QUOTE!)
Tiffany (TIF) – French luxury goods maker LVMH denied last week’s reports that it is mulling buying shares of Tiffany on the open market, saying it is sticking with the takeover agreement signed in late 2019. Reports last week had said LVMH was considering open market purchases of Tiffany shares, since they are now selling for less than the agreed-upon takeover price.
STOCK SYMBOL: TIF
(CLICK HERE FOR LIVE STOCK QUOTE!)
Bed Bath & Beyond (BBBY) – The housewares retailer is closing its flagship-branded stores until April 3, to help stop the spread of the coronavirus.
STOCK SYMBOL: BBBY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Marriott (MAR), (HLT) – These and other hotel companies are placing tens of thousands of workers on furlough, as travel dries up in the midst of the coronavirus outbreak.
STOCK SYMBOL: MAR
(CLICK HERE FOR LIVE STOCK QUOTE!)
General Motors – The automaker reported adjusted quarterly profit of $1.87 per share, well above the consensus estimate of $1.25 a share. Revenue also beat forecasts, and GM expects to hit the top end of its projected earnings outlook for the full year. GM's results were helped by higher prices in North America.
STOCK SYMBOL: GM
(CLICK HERE FOR LIVE STOCK QUOTE!)
Anthem – The health insurer earned an adjusted $3.81 per share for the third quarter, 11 cents a share above estimates. Revenue also cam in above forecasts and Anthem increased its full-year forecast amid a rise in medical enrollment and favorable medical cost trends.
STOCK SYMBOL: ANTM
(CLICK HERE FOR LIVE STOCK QUOTE!)
Clorox – The household products maker earned $1.62 per share for its latest quarter, 4 cents a share above estimates. Revenue also topped forecasts, however Clorox lowered its full-year outlook, citing cost pressures and unfavorable currency trends.
STOCK SYMBOL: CLX
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Estee Lauder – Estee Lauder beat estimates by 19 cents a share, with quarterly profit of $1.41 per share. Revenue also came in above Street projections. The cosmetics maker saw stronger demand for its luxury skincare products, and also raised its quarterly dividend to 43 cents per share from 38 cents.
STOCK SYMBOL: EL
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Garmin – The maker of GPS products earned an adjusted $1 per share for its latest quarter, beating the 76 cents a share consensus estimate. Revenue also beat expectations and Garmin raised its full-year earnings forecast amid sales growth across all its product segments.
STOCK SYMBOL: GRMN
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Yum Brands – The parent of KFC, Taco Bell, and Pizza Hut beat estimates by 21 cents a share, with adjusted quarterly profit of $1.04 per share. Revenue also came in above estimates. Pizza Hut sales fell, but KFC and Taco Bell saw better-than-expected same-store sales growth.
STOCK SYMBOL: YUM
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Facebook – Facebook reported quarterly profit of $1.76 per share, beating consensus estimates by 29 cents a share. Revenue came in slightly below forecasts, as did its user growth, but Facebook also showed better-than-expected expense control in its latest quarterly numbers.
STOCK SYMBOL: FB
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Electronic Arts – Electronic Arts earned 83 cents per share for its fiscal second quarter, well above the consensus estimate of 58 cents per share. The video game publisher's revenue also came in above forecasts, however the shares are being pressured by weaker-than-expected guidance for net bookings — a metric combining physical and digital sales.
STOCK SYMBOL: EA
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T-Mobile US – T-Mobile beat estimates by 8 cents a share, with quarterly profit of 93 cents per share. The mobile service provider's revenue also came in above forecasts. T-Mobile's results were driven by the addition of 774,000 postpaid phone customers during the quarter.
STOCK SYMBOL: TMUS
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Amgen – Amgen reported adjusted quarterly earnings of $3.69 per share, 24 cents a share above Street forecasts. The biotech firm saw revenue beat estimates as well, and it also raised its full-year guidance. However, Amgen is also seeing lower-than-expected sales of drugs like cholesterol treatment Repatha because of price concessions.
STOCK SYMBOL: AMGN
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MGM Resorts – MGM came in 5 cents a share ahead of estimates, with adjusted quarterly profit of 24 cents per share. Revenue also came in above forecasts and the casino operator saw better-than-expected revenue in Las Vegas, but its China revenue did not meet forecasts.
STOCK SYMBOL: MGM
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Yum China – Yum China reported quarterly earnings of 51 cents per share, 6 cents a share above estimates. The restaurant operator's revenue missed forecasts, however, as comparable-store sales fell by one percent compared to a year earlier. Yum China also announced a 2 cent a share dividend increase to 12 cents per share, and also increased its stock buyback plan.
STOCK SYMBOL: YUMC
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Cheesecake Factory – Cheesecake Factory beat estimates by 4 cents a share, reporting adjusted quarterly profit of 62 cents per share. The restaurant chain's revenue came in below Street forecasts, however, as comparable-restaurant sales increased by a lower than expected 1.5 percent.
STOCK SYMBOL: CAKE
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EBay – EBay reported adjusted quarterly profit of 56 cents per share, 2 cents a share above estimates. The online marketplace operator's revenue was in line with forecasts. EBay saw a 5 percent increase in gross merchandise volume, and a 7 percent revenue jump at its StubHub ticket selling unit.
STOCK SYMBOL: EBAY
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FireEye – FireEye earned an adjusted 6 cents per share for its latest quarter, tripling the consensus estimate of 2 cents a share. The cybersecurity company reported better-than-expected revenue as well, as it signed up more subscribers.
STOCK SYMBOL: FEYE
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Baidu – Baidu issued a lower-than-expected sales forecast for the remainder of the year, with the China-based search engine operator citing uncertainty over the economy, trade issues, and tougher regulations.
STOCK SYMBOL: BIDU
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Arconic – Arconic is in advanced talks to be bought by private-equity firm Apollo Global, according to sources quoted by Reuters. The reported price for the aluminum products maker would be more than $11 billion.
STOCK SYMBOL: ARNC
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bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk. bigbear0083 is an admin at the financial forums Stockaholics.net where this content was originally posted.
General Motors – The automaker reported adjusted quarterly profit of $1.87 per share, well above the consensus estimate of $1.25 a share. Revenue also beat forecasts, and GM expects to hit the top end of its projected earnings outlook for the full year. GM's results were helped by higher prices in North America.
STOCK SYMBOL: GM
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Anthem – The health insurer earned an adjusted $3.81 per share for the third quarter, 11 cents a share above estimates. Revenue also cam in above forecasts and Anthem increased its full-year forecast amid a rise in medical enrollment and favorable medical cost trends.
STOCK SYMBOL: ANTM
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Clorox – The household products maker earned $1.62 per share for its latest quarter, 4 cents a share above estimates. Revenue also topped forecasts, however Clorox lowered its full-year outlook, citing cost pressures and unfavorable currency trends.
STOCK SYMBOL: CLX
(CLICK HERE FOR LIVE STOCK QUOTE!)
Estee Lauder – Estee Lauder beat estimates by 19 cents a share, with quarterly profit of $1.41 per share. Revenue also came in above Street projections. The cosmetics maker saw stronger demand for its luxury skincare products, and also raised its quarterly dividend to 43 cents per share from 38 cents.
STOCK SYMBOL: EL
(CLICK HERE FOR LIVE STOCK QUOTE!)
Garmin – The maker of GPS products earned an adjusted $1 per share for its latest quarter, beating the 76 cents a share consensus estimate. Revenue also beat expectations and Garmin raised its full-year earnings forecast amid sales growth across all its product segments.
STOCK SYMBOL: GRMN
(CLICK HERE FOR LIVE STOCK QUOTE!)
Yum Brands – The parent of KFC, Taco Bell, and Pizza Hut beat estimates by 21 cents a share, with adjusted quarterly profit of $1.04 per share. Revenue also came in above estimates. Pizza Hut sales fell, but KFC and Taco Bell saw better-than-expected same-store sales growth.
STOCK SYMBOL: YUM
(CLICK HERE FOR LIVE STOCK QUOTE!)
Facebook – Facebook reported quarterly profit of $1.76 per share, beating consensus estimates by 29 cents a share. Revenue came in slightly below forecasts, as did its user growth, but Facebook also showed better-than-expected expense control in its latest quarterly numbers.
STOCK SYMBOL: FB
(CLICK HERE FOR LIVE STOCK QUOTE!)
Electronic Arts – Electronic Arts earned 83 cents per share for its fiscal second quarter, well above the consensus estimate of 58 cents per share. The video game publisher's revenue also came in above forecasts, however the shares are being pressured by weaker-than-expected guidance for net bookings — a metric combining physical and digital sales.
STOCK SYMBOL: EA
(CLICK HERE FOR LIVE STOCK QUOTE!)
T-Mobile US – T-Mobile beat estimates by 8 cents a share, with quarterly profit of 93 cents per share. The mobile service provider's revenue also came in above forecasts. T-Mobile's results were driven by the addition of 774,000 postpaid phone customers during the quarter.
STOCK SYMBOL: TMUS
(CLICK HERE FOR LIVE STOCK QUOTE!)
Amgen – Amgen reported adjusted quarterly earnings of $3.69 per share, 24 cents a share above Street forecasts. The biotech firm saw revenue beat estimates as well, and it also raised its full-year guidance. However, Amgen is also seeing lower-than-expected sales of drugs like cholesterol treatment Repatha because of price concessions.
STOCK SYMBOL: AMGN
(CLICK HERE FOR LIVE STOCK QUOTE!)
MGM Resorts – MGM came in 5 cents a share ahead of estimates, with adjusted quarterly profit of 24 cents per share. Revenue also came in above forecasts and the casino operator saw better-than-expected revenue in Las Vegas, but its China revenue did not meet forecasts.
STOCK SYMBOL: MGM
(CLICK HERE FOR LIVE STOCK QUOTE!)
Yum China – Yum China reported quarterly earnings of 51 cents per share, 6 cents a share above estimates. The restaurant operator's revenue missed forecasts, however, as comparable-store sales fell by one percent compared to a year earlier. Yum China also announced a 2 cent a share dividend increase to 12 cents per share, and also increased its stock buyback plan.
STOCK SYMBOL: YUMC
(CLICK HERE FOR LIVE STOCK QUOTE!)
Cheesecake Factory – Cheesecake Factory beat estimates by 4 cents a share, reporting adjusted quarterly profit of 62 cents per share. The restaurant chain's revenue came in below Street forecasts, however, as comparable-restaurant sales increased by a lower than expected 1.5 percent.
STOCK SYMBOL: CAKE
(CLICK HERE FOR LIVE STOCK QUOTE!)
EBay – EBay reported adjusted quarterly profit of 56 cents per share, 2 cents a share above estimates. The online marketplace operator's revenue was in line with forecasts. EBay saw a 5 percent increase in gross merchandise volume, and a 7 percent revenue jump at its StubHub ticket selling unit.
STOCK SYMBOL: EBAY
(CLICK HERE FOR LIVE STOCK QUOTE!)
FireEye – FireEye earned an adjusted 6 cents per share for its latest quarter, tripling the consensus estimate of 2 cents a share. The cybersecurity company reported better-than-expected revenue as well, as it signed up more subscribers.
STOCK SYMBOL: FEYE
(CLICK HERE FOR LIVE STOCK QUOTE!)
Baidu – Baidu issued a lower-than-expected sales forecast for the remainder of the year, with the China-based search engine operator citing uncertainty over the economy, trade issues, and tougher regulations.
STOCK SYMBOL: BIDU
(CLICK HERE FOR LIVE STOCK QUOTE!)
Arconic – Arconic is in advanced talks to be bought by private-equity firm Apollo Global, according to sources quoted by Reuters. The reported price for the aluminum products maker would be more than $11 billion.
STOCK SYMBOL: ARNC
(CLICK HERE FOR LIVE STOCK QUOTE!)
Questions about casino drug testing I just moved to Vegas a few days ago from a town in Utah just outside of Colorado, and liked to go over now and then and smoke bud now I know that this is unlikely but would I still be able to work in a casino if I explained my situation or do they just not higher anybody who has had weed in their system recently enough to show up on a test? This is a very popular no deposit bonus that offers you a huge Mgm Casino Drug Test sum of money as bonus – usually between $500 and $3000. You are required to use up the entire bonus money in a given time, usually 60 minutes. Please dont think im low class doper or drug addict. Please dont comment negative about my usage. ... But I want know what casinos dont test hair, or maybe what security departments, good jobs just do urine. I am not interested in low pay wages. ... mgm grand i would assume the other big casino properties do hair tests as well? What type of drug test does MGM currently do? Urine or hair? 4 people answered. What type of drug screen is done for mgm property's? I'll be at the luxor, hopefully. 3 people answered. Do you have to pay for the drug test for mgm? Or do they pay for it? 2 people answered. Answered May 29, 2018. Urine - 10 Panel. Upvote 8. Next, log in to the casino using your Does Mgm Casino Drug Test account credentials. Click on the link for the no deposit bonus to claim it. If it needs a bonus code, enter the appropriate bonus code. You will find this along with Does Mgm Casino Drug Test other information provided about the bonus. The bonus is now ready for use. I work a corporate position at MGM. I was hired about 8 months ago and had to submit to a drug test that included marijuana. It was just urine, no swabs or hair test. What drug test does MGM use currently December of 2018?. Asked December 13, 2018. Now its just a urine test. It used to be a 90 day hair folicle test. Answered January 12, 2020. Answer See 2 answers. What type of drug test do you have to take. Asked September 30, 2018. Hair test to drog test. Las Vegas Casinos Grapple With Marijuana Legalities and Employee Testing Issues. Posted on: May 9, 2018, 10:20h. Last updated on: May 9, 2018, 10:33h. M life Rewards gets you access to the best MGM Resorts has to offer. Join today and receive: • Up to 15% off room rates • Pre-sale ticket offers to world-class entertainment • Discounts at participating retail shops • Access to unique M life Moments. To view and book offers for Borgata Hotel Casino & Spa in Atlantic City, click here. DO u know what kids do to cover up drug testing.....Suspect drug us with son and am doing a surprise drug test on him.., New Jersey, 38 replies MGM MLife MasterCard automatic Pearl Status for free self parking at LV MGM Properties, Las Vegas, 13 replies Mgm/monte carlo drug testing., Las Vegas, 2 replies
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