Estero, Florida-based vehicle rental company Hertz Global (NYSE:HTZ) is in the middle of bankruptcy proceedings. Hertz stock is currently hovering at $1.25, down from the $16-level of January 2020.Source: Eric Glenn/Shutterstock.com Analysts are wondering if markets have become over-speculative in the post-coronavirus world. The debate in part centers around the increased day trading activity in the shares of companies, such as Hertz, that are in effect bankrupt.Robintrack, which monitors interest in stocks held by Robinhood brokerage customers, has shown a surge in ownership in the stock in recent days. Therefore today, I'll take a closer look at the group and discuss whether the shares should belong in a long-term portfolio. At this point, it is important to remember that Hertz stock is unlikely to recover in the coming months.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Covid-19 Claims Corporate VictimsAccording to research by Meghan Busse and Jeroen Swinkels of...
Chief executives of major airlines in the United States will confer with Vice President Mike Pence to discuss a range of issues related to the ongoing pandemic.What Happened The CEOs of American Airlines Group Inc (NASDAQ: AAL), Delta Air Lines, Inc (NYSE: DAL), Southwest Airlines Co (NYSE: LUV), United Airlines Holdings Inc (NASDAQ: UAL) and JetBlue Airways Corporation (NASDAQ: JBLU) will meet with the Vice President at the White House on Friday. The chief executives will discuss restrictions on U.S. travelers to be imposed by the European Union, temperature checks at U.S. airports, contact tracing airline passengers, and the likely impact of the pandemic on travel demand, sources told Reuters.Why It Matters Officials from the E.U. are mulling a travel ban on the U.S., as the country has failed to contain COVID-19. The bloc plans on reopening borders July 1 to international travelers but may not allow U.S. visitors, a blow...
