This year has been a difficult one so far for investors in Boeing (NYSE:BA). Year-to-date, BA stock is down about %63. Now that the earnings season is behind us, investors are wondering if it may be an opportune time to buy.Source: Shutterstock Due to the COVID-19 pandemic, the story of tourism, air travel and the aviation industry has become a painful one. For example, as of April, air travel in the U.S. is down 95% from a year ago. And we do not yet know when air travel, especially international travel, may start fully again.Therefore, if you are not yet an investor in BA shares, you may want to wait several more weeks to have a better appreciation of when especially global air travel may restart. Long-term investors with a 2-3 year horizon may consider investing in Boeing stock if it declines further, especially toward $110 or below.InvestorPlace - Stock Market...
Stock futures were lower Friday morning after a whipsaw session on Thursday, as investors continued to weigh new economic data and earnings results against hopes of a speedy economic reopening....
Given the tough challenges that Starbucks (NASDAQ: SBUX) faces, SBUX stock looks meaningfully overvalued at this point.Source: Grand Warszawski / Shutterstock.com The Recession and Social DistancingOne obvious headwind that Starbucks has to cope with is the recession. Although, as I've pointed out previously, the vast majority of high-income individuals have kept their positions during this downtrend, the coffee retailer will lose some sales due to the economic downturn.Credit ratings agency Fitch recently cut its grade on the company's debt to BBB from BBB+ and placed a "Negative" outlook on the company, down from "Stable." As reasons for the downgrades, the firm cited the company's recent issuance of $3 billion of new debt and "the significant business interruption from the coronavirus pandemic and the implications of a downturn in discretionary spending that … [it] expects could extend well into 2021." Fitch predicts that the company's revenue will sink about 14% this year,...
The Trump administration on Friday moved to block global chip supplies to blacklisted telecoms equipment giant Huawei Technologies [HWT.UL], spurring fears of Chinese retaliation and hammering shares of U.S. producers of chipmaking equipment. A new rule, unveiled by the Commerce Department and first reported by Reuters, expands U.S. authority to require licenses for sales to Huawei of semiconductors made abroad with U.S. technology, vastly expanding its reach to halt exports to the world's No. 2 smartphone maker. "This action puts America first, American companies first, and American national security first," a senior Commerce Department official told reporters in a telephone briefing on Friday....
The Trump administration on Friday moved to block global chip supplies to blacklisted telecoms equipment giant Huawei Technologies [HWT.UL], spurring fears of Chinese retaliation and hammering shares of U.S. producers of chipmaking equipment. A new rule, unveiled by the Commerce Department and first reported by Reuters, expands U.S. authority to require licenses for sales to Huawei of semiconductors made abroad with U.S. technology, vastly expanding its reach to halt exports to the world's No. 2 smartphone maker. "This action puts America first, American companies first, and American national security first," a senior Commerce Department official told reporters in a telephone briefing on Friday....
The Trump administration on Friday moved to block shipments of semiconductors to Huawei Technologies from global chipmakers, in an action ramping up tensions with China. The U.S. Commerce Department said it was amending an export rule to "strategically target Huawei’s acquisition of semiconductors that are the direct product of certain U.S. software and technology." The reaction from China was swift with a report saying it was ready to put U.S. companies on an "unreliable entity list," as part of countermeasures in response to the new limits on Huawei, China's Global Times reported on Friday....
The Trump administration on Friday moved to block shipments of semiconductors to Huawei Technologies from global chipmakers, in an action that could ramp up tensions with China. The U.S. Commerce Department said it was amending an export rule to "strategically target Huawei’s acquisition of semiconductors that are the direct product of certain U.S. software and technology." The department added the "announcement cuts off Huawei’s efforts to undermine U.S. export controls."...
