The U.S. Food and Drug Administration said on Friday it has authorized the first diagnostic test for the new coronavirus that allows patients to collect saliva samples at-home. The decision is part of the FDA's efforts to expand testing capabilities for the fast-spreading virus, which has caused over 70,000 deaths in the United States. The saliva test kit was developed by RUCDR Infinite Biologics, a unit of Rutgers' Human Genetics Institute of New Jersey, and its collaborators, Spectrum Solutions and Accurate Diagnostic Labs....
It’s no secret, a large number of high-profile companies have taken a serious beating since the pandemic’s onset. Possibly none more well-known than Disney (DIS). COVID-19 has necessitated theme park closures, a halt of live film production, and a delayed movie release schedule – all resulting in last week’s crushing F2Q20 report.Yet, Northland analyst Bernie McTernan argues that there are several reasons to remain positive on the House of Mouse.Glimmers of hope were provided during the earnings call, as Disney announced it will reopen its Shanghai theme park next week on May 11. McTernan assumes that domestically, Disney’s parks will open in September. Nevertheless, the forced enclosures are set to impact the balance sheet for a while, and McTernan forecasts it will take “at least two years for Disney to generate the revenue/segment operating income they could have in FY'20.”Disney has also taken emergency measures to preserve cash flow through the...
Stocks that trade under $5 per share are often referred to as penny stocks. Many penny stocks trade for literal pennies (or less) on the OTC market, but there are plenty of penny stocks that trade on major exchanges as well.The Nasdaq and NYSE require all stocks listed on their exchanges to maintain a minimum share price of $1 or risk being delisted. Most companies do not want their shares trading under , so there's a good chance the large majority of penny stocks have been through some tough times. But that doesn't mean there are no penny stock buying opportunities as well.Here are eight penny stocks to buy, hold and sell, according to Bank of America.Lloyds Banking Group PLC (NYSE: LYG) - Sell Lloyds Banking Group has a market cap of more than $100 billion and is one of the largest banks in the UK, but you wouldn't know it...
Each decade has an investment theme that favors one asset class over another. What performed well over the last decade generally underperforms during the next....
More than 88,000 jobs disappeared in the truck transportation sector in April, a 5.8% drop from March, both the steepest drops on record – part of a record-setting 20.5 million job loss across the country, as the nation’s unemployment rate rose to 14.7%. ...
