As the novel coronavirus pandemic impacts economic activity and consumer sentiment, it's about survival for companies in several sectors. In particular, sectors like energy, airline, cruising and tourism are severely impacted. Carnival (NYSE:CCL) stock has witness significant correction in the current year with the cruising activity almost coming to a haltSource: Ruth Peterkin / Shutterstock.com However, in the recent past, CCL stock has seen some positive momentum. I believe the stock has more upside from oversold levels.From a macroeconomic perspective, the U.S. is likely to get back to work relatively soon. Scott Atlas, former chief of neuroradiology at Stanford University, has been calling for the lockdown to end. A staggered exit from the lockdown is likely to boost equity markets and the worst hit sectors.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOn the flipside, the Centers for Disease Control and Prevention has issued orders that prevent cruising in U.S....
As some U.S. states lift stay-at-home orders, investors and park fans are watching to see how Walt Disney Co -- which makes a third of its revenue from parks, experiences and products -- reimagines the “happiest place on earth” for a world altered by the coronavirus. "This is the greatest challenge that the industry has ever faced," said Phil Hettema, founder of The Hettema Group, which designs theme park rides and other experiences. Disney, which has not announced any plans to reopen the parks, declined to comment for this story....
(Bloomberg) -- U.S. stock futures sank as investors began a new month pondering gloomy corporate news and the persistent economic turmoil caused by the coronavirus. The dollar rose with Treasuries as a risk-off mood prevailed on what is a holiday in many major markets.Contracts on the Nasdaq 100 Stock Index fell more than those on the S&P 500 Index and Dow Jones Industrial Average in the wake of sobering comments from Amazon.com Inc. and Apple Inc. about the pandemic’s impact. Equities slipped in the U.K., one of the few open markets in Europe. Stocks slumped in Tokyo and Sydney though most Asian markets didn’t trade.The dollar headed for its first advance this week. Treasury 10-year notes recouped their losses since Tuesday. Gold fell, headed for its worst week since mid-March.While global stocks posted their best month since 2011 in April -- spurred by a slowdown in coronavirus infections and massive stimulus...
Zoom Video Communications Inc. (NASDAQ: ZM) has admitted that a blog post stating it had 300 million daily active users was wrong.What Happened The video conferencing app Zoom posted factually incorrect information on a blog post regarding its daily active users, which it has since modified. After initially claiming it had 300 million daily active users, Zoom now says it has 300 million "meeting participants."According to The Verge, there is a significant difference between a daily active user and a meeting participant, as the later can be counted multiple times, while the former can only be counted once.Zoom admitted its error in a statement, "In a blog post on April 22, we unintentionally referred to these participants as "users" and "people." When we realized this error, we adjusted the wording to "participants." This was a genuine oversight on our part," reported The Verge.Why It Matters The blog numbers were changed on...
