Banking Sector
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Twitter Shares Are Down After Hackers Attack High-Profile Users
Plus, jobless claims came in higher than 1 million for the seventeenth week in a row, security experts warned Russian hackers are trying to steal COVID-19 vaccine research, Morgan Stanley reported better-than-expected earnings, and Tesla shares are down after a report that its vehicle registrations were down by nearly half in the second quarter.
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Moderna Shares Surge After Early Trial Shows Its Coronavirus Vaccine Candidate Generates A “Robust” Immune Response
Plus, Goldman Sachs reported blow-out earnings results, Walmart announced it will now require shoppers to wear masks at all of its stores, Apple won an appeal against the European Commission, and Zoom Communications is getting into hardware.
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Earnings Season Kicks Off With Beats From JPMorgan & Citigroup
Plus, Delta Air Lines said it is cutting in half the number of flights it had planned to add next month as the coronavirus continues to roil flight demand, 3M has teamed up with MIT to develop a rapid coronavirus antigen test, Google is reportedly in talks to make a $4 billion in Indian telecom Jio Platforms, and Ford unveiled its new line of Bronco SUVs.
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These 2 Bank Stocks Are Still Buys After The Fed’s Stress Test
These 2 bank stocks look poised for upside ahead.
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Uber Reportedly Made An Offer To Acquire Postmates
Plus, the EU won’t allow travelers from the U.S. as it reopens its external borders amid the surge of coronavirus cases, Wells Fargo is the only major bank reducing its quarterly dividend following the Fed’s latest stress test, and Royal Dutch Shell said it will write down as much as $22 billion in the second quarter.
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Macy’s Shares Are Down After It Says It’s Cutting 3,900 Corporate Jobs
Plus, bank stocks are on the rise on reports of a change to the Volker Rule, the U.S. saw a record number of new coronavirus cases, last week’s jobless claims came in higher than expected, and Wirecard shares tanked after the troubled fintech filed for insolvency.
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This Billionaire Owns Just 2 Stocks – Here’s What They Are
After selling his company for billions, he went “all in” on just these 2 stocks, and only has one regret.
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China Hits Back Against The U.S. With Hong Kong Power Grab
Plus, President Trump said he would not close the country again if a second wave of coronavirus cases emerges, the IMF said banks will struggle through 2025 in a sustained low interest rate environment, E.L.F. Beauty shares are surging higher on an earnings beat, and Roku shares are down after a downgrade.
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There’s A “Golden Opportunity” To Snatch Up These 4 Beaten-Down Cyclicals Now
In this volatile market, one expert says now’s the time to take a barbell approach to the market and says these 4 stocks are the best way to play it.
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U.S. Jobless Claims Top 5.245 Million, Bringing The 4 Week Total To 22 Million – Erasing A Decade Of Job Gains
Plus, the program to provide emergency loans to small businesses amid the coronavirus crisis has run out of money, the Trump administration is expected to unveil its plan to reopen state economies, earnings season marched on with Morgan Stanley and Abbott Laboratories, and Mastercard got a downgrade.
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