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This basket consists of stocks that have attracted bad press.
In recent years, some investors have felt so irritated by the pious tone of the environment, social and governance sector they have joked that the ESG acronym should stand for “eye-roll, sneer and groan”. Among the many long-held assumptions turned upside down by Covid-19 is the notion held by many investors that ESG investing implies lower returns. Consider the first four months of this year, when Covid-19 caused global markets to swoon.
In the latest trading session, Walmart (WMT) closed at $124.44, marking a -1.98% move from the previous day.
Goldman (GS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Walmart (WMT) plans to launch a subscription-based program that will offer services like same-day delivery for $98 per year.
The world's largest retailer is on the verge of launching its own subscription loyalty program to rival Amazon Prime.
The first pick is Walt Disney (NYSE: DIS), a diversified entertainment company trading at an attractive discount because of the coronavirus pandemic. The second pick is Altria (NYSE: MO), a tobacco giant that has raised its dividend for five decades in a row. Walt Disney rides a fine line between value and growth.
On the other hand, with no end to the coronavirus pandemic in sight as we inch closer to what could be a landmark presidential election, the volatile market environment may not be changing anytime soon either. The 64% drubbing credit card stock Discover Financial Services (NYSE: DFS) suffered between mid-February and mid-March was brutal, but understandable.
Walmart (WMT) saw a big move last session, as its shares jumped nearly 7% on the day, amid huge volumes.
Thor Industries, YELP, Walmart, Amazon and Levi Strauss highlighted as Zacks Bull and Bear of the Day
Malaysia is determined to achieve a settlement with Goldman Sachs over its involvement with the 1MDB state investment fund despite having to deal with the economic fallout of coronavirus. Mahathir Mohamad, the former prime minister, told the FT last year that Malaysia had already rejected an offer from Goldman of “less than $2bn”. Goldman in 2012 and 2013 arranged three bonds for 1MDB worth $6.5bn, much of which was ultimately stolen, and received $600m in fees — a sum Malaysia has said was excessive.
Amazon (NASDAQ: AMZN) Prime, the online retailer's subscription service that offers unlimited fast shipping and a slew of other perks, is wildly popular. The company had over 150 million Prime members globally at the beginning of this year, and it's likely that the pandemic has led even more consumers to turn to Amazon. Back in February, Recode reported that Walmart was working on a membership service called Walmart+ that was aimed at combatting Amazon Prime.
A rebound in store visits in June returned Costco to growth for the first time since the pandemic, according to new analytics data.
Top Chinese energy firms have mandated investment banks Morgan Stanley and Goldman Sachs to act as advisors for multi-billion dollar deals transferring key oil and gas pipeline assets into a national energy infrastructure giant, four sources said. Overseen by a government vice premier, underlining the project's importance for Beijing, Beijing aims to complete the asset transfers and start operation of the new entity - valued by industry analysts at more than $40 billion - by the end of September, oil industry officials said. The mandates come after China announced in late 2019 that it would establish an entity known as National Oil and Gas Pipeline Company by combining pipelines, storage facilities and natural gas receiving terminals operated by China National Petroleum Corp (CNPC), China Petrochemical Corp (Sinopec Group) and China National Offshore Oil Company (CNOOC).
What happened Shares of Walmart (NYSE: WMT) climbed 6.8% on Tuesday after news broke that the retail titan is gearing up to take on Prime from Amazon.com (NASDAQ: AMZN). So what Walmart will launch a new subscription service later in July, according to tech site Recode.
Levi Strauss & Co. (LEVI) reported Q2 earnings directly after Tuesday's closing bell, giving some sense of the abyss awaiting the Retail sector.
Also, Paychex earnings disappoint, and Becton, Dickinson was granted authorization for a 15-minute COVID-19 test.
Today, Delaware Enhanced Global Dividend and Income Fund (the "Fund"), a New York Stock Exchange–listed closed-end fund trading under the symbol "DEX," declares a monthly distribution of $0.0499 per share. The monthly distribution is payable July 24, 2020, to shareholders of record at the close of business on July 17, 2020. The ex-dividend date will be July 16, 2020.
Retail giant Walmart (NYSE: WMT) is launching a subscription program later this month. The Walmart+ membership program will include fuel discounts, same-day shipping at no additional cost, and other perks, at an annual cost of $98. Walmart's subscription-plan ambitions were reported by Recode on Tuesday and confirmed by Bloomberg's anonymous insider sources.
Wells Fargo (WFC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
By Christiana SciaudoneInvesting.com -- Amazon.com Inc. (NASDAQ:AMZN)shares dropped Tuesday as the e-commerce giant braces for Walmart’s rival Prime service to start operations this month.Walmart (NYSE:WMT) is up 4% to $123.65, trading close to the record $132.33 that it hit in April. Amazon closed at a record $3,057.04 Monday, up from $1,898 at the start of the year. Amazon was down 0.3% in midday trading on Tuesday.Walmart+ will cost $98 a year and include same-day grocery delivery, fuel discounts and other benefits, Vox reported, citing Recode. Amazon Prime, created in 2005, charges an annual fee of $119.The membership program was to have begun earlier this year but was delayed because of the coronavirus pandemic. Amazon is the biggest e-commerce retailer with a 38.7% share of the U.S. market, compared to Walmart, in second place with 5.3%, according to eMarketer. The Statista website reports that Amazon Prime has 112 million members in the U.S. Prime includes entertainment like video and music streaming, and Walmart plans to add video capacity at some point to its membership program. On July 1, Walmart announced a virtual summer camp and drive-in movie theaters in its parking lots.
Cloud computing stocks have held up very well during the coronavirus crisis, as enterprises across the globe accelerate their transition to remote operations and e-commerce. With more people than ever needing to access information remotely, Fastly (NYSE: FSLY) has seen demand for its content delivery network services rise dramatically. Fastly's stock doubled in just four weeks during June and early July, and investors appear more excited than ever about the company's ability to capitalize on its edge cloud computing expertise.
Mylan N.V. (NASDAQ: MYL) and Fujifilm Kyowa Kirin Biologics Co., Ltd. today announced that the U.S. Food and Drug Administration (FDA) has approved Hulio® (adalimumab-fkjp), a biosimilar to AbbVie's Humira® (adalimumab), for the treatment of rheumatoid arthritis, juvenile idiopathic arthritis (4 years and older), psoriatic arthritis, ankylosing spondylitis, adult Crohn's disease, ulcerative colitis and plaque psoriasis, in both prefilled syringe and auto-injector presentations.
European shares were rising again after a two-day wobble on Thursday as China's markets continued their charge, and something between fear and greed propelled gold to a nine-year high. Chinese stocks set their longest winning streak in two years and the yuan had strengthened past 7 per dollar overnight, despite rising tension over Hong Kong and the economic uncertainty caused by COVID-19. Trade- and commodity- related currencies also reacted to China's gains.