Plus, Merck’s CEO said a COVID-19 vaccine won’t be a “silver bullet” that ends the pandemic, Pinterest delivered a massive earnings beat, and LVMH is acquiring Tiffany at a discount.
Read MorePlus, stimulus negotiations are still going, Pfizer said it has set up its “biggest ever” logistics operation to distribute its COVID-19 vaccine candidate, and Nikola shares are up on hopes for its deal with GM.
Read MorePlus, Delta reported a $5.4 billion loss, AMC said it could run out of money by early 2021 as movie theaters continue struggle amid the ongoing coronavirus, and Disney announced a reorganization to focus its media and entertainment business on streaming.
Read MorePlus, there’s more confusion on the stimulus front, GE got a big upgrade from Goldman Sachs, and Disney’s newest Pixar film is skipping theaters.
Read MoreFor talking heads and analysts, moving into the last quarter of the year is usually a good time to look back and find the storylines that have carried the market. With national elections coming up next month, the normal, COVID-19-driven narrative is being dovetailed with political analysis and rhetoric; along with the impact the pandemic […]
Read MorePlus, Goldman Sachs said fears that a delayed U.S. election result could upend the stock market are overblown, Novavax entered a late stage trial for its coronavirus vaccine candidate, and Amazon announced two new Fire TV sticks.
Read MorePlus, Tesla shares are down ahead of the electric vehicle maker’s Battery Day event, Carvana shares are up after it said it expects to post records in multiple categories when it announces third quarter earnings, and Coca-Cola is entering the hard seltzer space next year.
Read MoreTrade Setup Buy Target: $508.12 Sell Target: $533.80 Netflix, Inc. provides subscription streaming entertainment service. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices. […]
Read MoreThe streaming wars are heating up, and these 3 stocks look like the likely winners.
Read MoreClosing out a quarter, and moving into a new one, often prompts talking heads and analysts to look back and find the storylines that carried the market over the last few months. In a pandemic world, the narrative doesn’t really stray too far away from COVID-19 and the impact it continues to have, both from […]
Read MorePlus, 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.
Read MorePlus, 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.
Read MorePlus, U.S. GDP contracted 4.8% in the first quarter, Spotify saw a 31% increase in active premium subscribers to its music streaming platform in the first quarter, while Boeing is cutting its payroll costs by 10% amid an aviation market “frozen” by the coronavirus pandemic.
Read MoreThese 2 streaming stocks look set to continue their moves higher.
Read MorePlus, earnings season began with JPMorgan, Wells Fargo, and Johnson & Johnson reporting, Roku shares are higher after the streaming device maker said it netted 3 million active accounts in the first quarter, and Tesla shares are up after an upgrade.
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