A record 20.5 million jobs were cut in the month of April. KPMG Chief Economist Constance Hunter joins Yahoo Finance’s On The Move to weigh in on the dire unemployment numbers....
Certain beverage brands and pack sizes from Constellation Brands, Inc. (NYSE: STZ) are already facing availability issues, and the company's number of products out of stock could increase through June, regardless of Mexico's decision to permit production, according to MKM Partners.The Constellation Brands Analyst William Kirk downgraded Constellation Brands from Hold to Sell and reduced the price target from $216 to $147.The Constellation Brands Thesis Out-of-stock issues are unlikely to improve until 40 days after Constellation Brands decides to increase brewing capacity, since that's is how it takes to brew and ship most of its beers, Kirk said in the Friday downgrade note. Even if increased production begins May 18, out-of-stock issues will start getting resolved by June 27, the analyst said. "A very real risk" exists of increased production not beginning May 18, he said. Mexico has pushed the date back once and has now said that businesses can resume...
The expanding network offers growth opportunities for BlackBerry Radar and its lineup of data-driven asset monitoring devices to help transportation businesses improve utilization of trailers, containers, chassis, and other remote assets. ...
Investors are still uncertain just where the stock market is headed. Essentially, there are two competing opinions right now. One says that we’re just in a bear market rally, and that the worst is yet to come. The other thesis states that the current rally is real, and will mature into a new bull cycle as the economy restarts in the second half.Writing from JPMorgan, Marko Kolanovic, the investment bank's quant analyst, holds fast to that optimistic view. Kolanovic believes that epidemiological data suggests we are past the worst of the coronavirus spread, justifying the lifting of social and business restrictions. And that will open up economic activity, which will then find stimulus from low Fed interest rates and increased government ‘pump priming’ spending.Kolanovic sees the stimulus policies as more important than Q1’s weak earnings, writing, “The combined suppression of the risk free rate and credit spreads by the Fed likely...
Investors are still uncertain just where the stock market is headed. Essentially, there are two competing opinions right now. One says that we’re just in a bear market rally, and that the worst is yet to come. The other thesis states that the current rally is real, and will mature into a new bull cycle as the economy restarts in the second half.Writing from JPMorgan, Marko Kolanovic, the investment bank's quant analyst, holds fast to that optimistic view. Kolanovic believes that epidemiological data suggests we are past the worst of the coronavirus spread, justifying the lifting of social and business restrictions. And that will open up economic activity, which will then find stimulus from low Fed interest rates and increased government ‘pump priming’ spending.Kolanovic sees the stimulus policies as more important than Q1’s weak earnings, writing, “The combined suppression of the risk free rate and credit spreads by the Fed likely...
