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Market News

Location American Market News for 20 May 2020

Hertz Lenders Brace for Losses From Formerly Triple-A Bonds

Wall Street Journal - 20 May 2020 18:32
Bonds backed by Hertz Global Holdings' fleet of rental cars had the same credit rating as the U.S. government just a few weeks ago. Now the company's financial woes are stoking fears that investors are headed for a loss.
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Stitch Fix Needs a Refresh

Wall Street Journal - 20 May 2020 17:07
The fashion styling service's business is likely to weather the pandemic, but it may need a new model.
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Cracker Barrel - Another Quality Restaurant To Fill Your Post COVID Portfolio We've identified another restaurant, providing a more home-style experience, positioned to survive the crisis and grow profits during the recovery.
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Expedia's first quarter earnings report shows how the Covid-19 pandemic has battered the travel industry.
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Here's What All The Latest Data Says About The Economy's Prospects For Recovery The CBO predicts GDP will fall 38% this quarter from the same period last year.
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Chinese Companies Must Play By American Rules Or Be Banned From U.S. Exchanges, Senate Rules The new bill passed by the Senate would force Chinese companies to certify that "they are not owned or controlled by a foreign government."
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Forget Disney: These We're almost three months into this crisis and three things are crystal clear.
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Loans against assets may not always work for you

livemint.com - 20 May 2020 21:38
Compare the returns, after factoring in penalties, with the interest rate of the loan.Other factors you should consider are the amount and tenure of the loan and your repayment capacity
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When building a portfolio, choose funds from different categories that have different investment styles
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Facebook Might Plug Gap Even Amazon Can't Fill

Wall Street Journal - 20 May 2020 20:54
Facebook's Shops venture comes as the coronavirus pandemic has exploded the e-commerce market and tested the limits of its leader, Amazon.
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No Stimulus Check Yet? 4 Million Americans Will Get Cash On Prepaid Debit Cards Here's who can expect the cards, and why the IRS is sending them.
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BlackRock Softens Stance in Argentina Restructuring Talks

Wall Street Journal - 20 May 2020 20:21
BlackRock is proposing that a key group of Argentina's creditors accept greater losses in a restructuring ahead of a potential default on the country's sovereign debt later this week.
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Report: Your Student Loans Include A 'Secret Price' Your student loans may be more expensive than you think.
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NRG Energy Makes The Cut As Top Buy Of The Day With the market surging today, and the S&P 500 barely in correction territory from its all-time highs now, it is worth considering if the worst is over for stock markets despite the economic conditions.
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Philip Morris' Stock Down 12% Despite Revenue Growth; Time To Buy? Philip Morris' stock (NYSE: PM) lost about 12% of its value in the last 3 years, with the stock price dropping from $77 at the end of 2016 to $68 as of 18th May 2020. At the same time, Philip Morris' revenues steadily in...
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Economy Could Spoil Home-Improvement Party

Wall Street Journal - 20 May 2020 18:37
Consumers' uptake of DIY projects provided a boost to both Home Depot and Lowe's, but uncertainty in the housing market obscures growth prospects.
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Video game publisher Take-Two Interactive is surging into Wednesday afternoon's earnings report, and options traders are betting on even more gains to come.
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What To Watch Before And After China's Yearly What are the implications for the Chinese financial assets that the officials chose to convene the yearly gathering now?
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Does Inflation Still Exist? Does Anyone Really Know? Economists are doing what they do - forecasting ... Two opposing fear-narratives predominate: Runaway Inflation, or Smothering Deflation.
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MSG Entertainment Reports Tepid 3Q20 Results; Maintain Buy This marks the first quarter that MSG Entertainment is reporting fi nancial results as a standalone company, following its spin-off from Madison Square Garden Sports Corp. (MSGS), which was completed on April 17, 2020.
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Exercise Caution In Playing Morgan Stanley's Moderna Shuffle Moderna took advantage of that positive vibe to issue 17.6 million shares at a price of $76.00 Monday evening in an offering solely led by Morgan Stanley.
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Keurig Dr Pepper Breaks Above 200-Day Moving Average - Bullish For KDP In trading on Wednesday, shares of Keurig Dr Pepper crossed above their 200 day moving average of $27.50, changing hands as high as $27.86 per share.
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