Clearsight Advisors Analyst Arel Rende joins Yahoo Finance’s On The Move to discuss the state of mergers and acquisitions during the coronavirus pandemic....
In the first quarter of 2020, Virgin Galactic (NYSE:SPCE) defied gravity. The stock peaked at an incredible $42.89 by late February. The impossible valuations came to a quick end when market selling accelerated. The nearly full shutdown across the United States and in Europe put an end to reckless stock buying. SPCE stock fell below $10 last month and is in danger of forging new lows ahead.Source: Christopher Penler / Shutterstock.com Why would investors speculate on Virgin Galactic when the company ran out of cash and reported revenue of just $530,000? It also lost $73 million in the fourth quarter.Virgin Galactic said it had $480 million in cash in Q4. Adjusted EBITDA shrunk to a negative $55 million in the period. Despite the poor results, the company said it entered into a new contract with the Italian Air Force. It entered into a strategic partnership with Boeing (NYSE:BA), which brings $20...
Yahoo Finance’s Heidi Chung joins Zack Guzman to discuss which states are being hit the hardest economically from the coronavirus, as weekly jobless claims jump another 6.6 million....
Year-to-date, pharma giant Johnson & Johnson (NYSE:JNJ) stock, a Dow Jones component, is down about 6%. By comparison, the Dow Jones as a whole is down about 17%.Source: Alexander Tolstykh / Shutterstock.com Given the market uncertainty over the COVID-19 pandemic, investors are understandably cautious about the outlook for many shares, including JNJ stock.I enjoy reading about the history of markets, including bull and bear markets and recessions. And a brief glance at history shows that Johnson & Johnson has been one of the steady performers in every economic cycle. Therefore, I expect management to continue the tradition and find ways for the company to grow earnings in the long-run.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Penny Stocks To Buy with Massive Upside Potential Investors should view any near-term weakness in JNJ stock price as an opportunity to buy the shares. Johnson & Johnson is Working on...
Universally, the novel coronavirus pandemic has represented a vicious headwind. Even for companies that have benefitted from the "new normal" - grocers and gun stores come to mind - the uncertainty of tomorrow weighs heavily on all. However, for oil giant Exxon Mobil (NYSE:XOM), Covid-19 was the last thing it needed. Prior to this mess, Exxon Mobil stock wasn't looking too hot. Now, it's clinging for dear life.Source: Michael Gordon / Shutterstock.com One of the biggest challenges of the outbreak is its multi-thronged blade. It's already bad enough that economies throughout the world have been put on hold. But exacerbating this tenuous circumstance is the oil price war between Saudi Arabia and Russia. To counteract the sudden loss in demand for fossil-fuel energy sources, the Saudis proposed mutual production cuts. Unfortunately, the Russians balked at the idea, wanting to protect their own interests instead of joining a multinational coalition.Obviously, this angered...
