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Traders Say These 2 Messaging Rivals Are Buys Now – Here’s Why

The work-from-home trend has sent these 2 stocks soaring, and traders say both are buys for the long-term.

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Banking Sector
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US Economy

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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Dell May Be About To Spinoff Its Stake In VMware & Shares Are Climbing

Plus, the White House is considering new tariffs on $3.1 billion of goods from the EU, the IMF again slashed its economic forecast for 2020, a trio of states in the northeast have imposed a 14-day quarantine for travelers from states in the U.S. that are seeing spikes of coronavirus cases, and Peloton got an upgrade.

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Trade War

Shares Of This Biotech Upstart Gained 40%+ This Morning – Here’s Why

Plus, stocks are up after President Trump said the U.S.-China phase one trade deal is still “fully intact” after confusion following a statement from trade advisor Peter Navarro, six global investors inked a $20.7 billion agreement with the Abu Dhabi National Oil Company, and Wirecard’s former CEO has been arrested.

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Biopharmaceuticals
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Travel

Virgin Galactic Just Proved It’s More Than Just Space Tourism & Shares Are Soaring

Plus, Gilead is gearing up to test an inhaled version of its antiviral drug remdesivir in the treatment of COVID-19, Microsoft is acquiring a cybersecurity startup, and Wirecard shares tanked after it said the $2.1 billion missing from its balance sheet likely doesn’t exist.

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Airlines
China
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Trade War

Stocks Rise On News China Is Taking A Step Toward Trade Reconciliation With The U.S.

Plus, coronavirus cases rose by more than 27,700 yesterday, AMC is facing backlash for saying it won’t require face masks when it reopens its movie theaters, while American Airlines has temporarily banned a passenger for flouting mask-wearing rules on board a flight out of New York.

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Semiconductor
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3 Chip Stocks To Watch Now As Semis Catch Up To Tech’s Rally

As chip stocks climb higher, these 3 stocks in the sector are buys now.

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Biotech
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Economic Trends
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Streaming Media
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US Economy

Weekly Jobless Claims Show The Slowest Pace Of Decline Since Early April

Plus, former FDA Commissioner Dr. Scott Gottlieb said states seeing surges of new coronavirus cases are “on the cusp of losing control” of their outbreaks, Wirecard shares are down after the German payments company said auditors couldn’t confirm the existence of $2.1 billion of cash on its balance sheet, and Spotify shares are up after it inks another big podcast deal.

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Biotech
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Electric Vehicles
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Nikola Shares Pop After First Analyst Buy Rating

Plus, Senate Republicans introduced their police reform bill with key differences from Democrats’ bill introduced last week, PepsiCo said its Aunt Jemima line is getting a rebrand, and Beyond Meat shares are up after Credit Suisse boosted their price target on the alternative meat stock.

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Biopharmaceuticals
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US Economy

Fed Chair Powell Expresses “Significant Uncertainty” About The Pace Of The U.S. Economic Recovery

Plus, retail sales jumped a record 17.7% in May, a sturdy from the University of Oxford showed a common anti-inflammatory drug proves to save lives among those sickest with COVID-19, and McDonald’s shares are slightly higher on improved sales in May.

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Volatility
Volatility Index

BP Just Said The Coronavirus Will Accelerate The Transition To Green Energy

Plus, volatility spikes on fears of global second wave of coronavirus cases, United Airlines said its using its frequent flyer program to back a new $5 billion loan, and Hertz shares plummet after the bankrupt car renter said its shares may be rendered “worthless.”

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Stock Market Crash
Stock Picks

The Largest Mortgage Lender In The U.S. Just Filed To Go Public

Plus, stocks rebounded off yesterday’s lows but experts warn there’s more pain ahead in the near-term, Wynn resorts got a boost after an update on its Macau casinos, and American Airlines shares are up after the carrier said an uptick in demand could help it wipe out its cash burn by the end of the year.

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