Stock futures kicked off the overnight session slightly higher Sunday evening as investors mulled a patchwork of state plans to slowly roll back social distancing measures....
(Bloomberg) -- U.S. stock futures dipped early Monday as investors weighed further signs of positive developments in the global fight against the coronavirus. The yen was steady as traders awaited a key Bank of Japan policy meeting.Asian equity futures rose, following a move higher for U.S. stocks on Friday. The Australian dollar erased early modest losses to trade higher, while moves were muted elsewhere across foreign-exchange markets. Coronavirus deaths slowed the most in more than a month in Spain, Italy and France while fatalities reported in the U.K. and New York were the lowest since the end of March. Oil dipped.The Federal Reserve joins the BOJ and the European Central Bank announcing policy decisions this week as the battle against the pandemic continues with some countries proceeding with measures to relax lockdown measures. Several major economies will release GDP numbers, while corporate earnings will keep flooding in, including from Amazon.com Inc.,...
The S&P 500 has rallied hard off its March lows, but the index remains down 12.9% year-to-date overall. The near-term economic outlook amid the COVID-19 shutdown is still unclear, creating a lot of uncertainty on Wall Street. The International Monetary Fund recently cut its 2020 global economic growth forecast to negative 3%.Fortunately for investors, a number of stocks have bucked the bearish trend and gained ground this year. Some of those stocks will maintain that bullish momentum as the economic downturn drags on, while others will prove to be overbought and regress.Here's what Bank of America analysts have to say about the seven best-performing S&P 500 stocks of 2020 (excluding buyouts).Regeneron Pharmaceuticals Inc (NASDAQ: REGN) - Hold Regeneron is a biopharmaceutical company focused on treating eye disorders, hypercholesterolemia, cancer and other conditions. Regeneron shares have been on fire in 2020 for two main reasons. First, the company reported better-than-expected fourth-quarter earnings...
(Bloomberg) -- Plant shutdowns are leaving the U.S. dangerously close to meat shortages as coronavirus outbreaks spread to suppliers across the nation and the Americas.Almost a third of U.S. pork capacity is down, the first big poultry plants closed on Friday and experts are warning that domestic shortages are just weeks away. Brazil, the world’s No. 1 shipper of chicken and beef, saw its first major closure with the halt of a poultry plant owned by JBS SA, the world’s biggest meat company. Key operations are also down in Canada, the latest being a British Columbia poultry plant.While hundreds of plants in the Americas are still running, the staggering acceleration of supply disruptions is now raising questions over global shortfalls. Taken together, the U.S., Brazil and Canada account for about 65% of world meat trade.“It’s absolutely unprecedented,” said Brett Stuart, president of Denver-based consulting firm Global AgriTrends. “It’s a lose-lose situation...
Brent and Connie Higgins might not have the same level of resources that larger fleets do in facing the COVID-19 pandemic, but a reputation for top-tier service and an already strong cleanliness ethic are serving them well. ...
(Bloomberg) -- Currency markets were steady in early Monday trading amid further signs of positive developments in the global fight against the coronavirus and as traders awaited a key Bank of Japan policy meeting.The Australian dollar erased early modest losses and moves were muted elsewhere across foreign-exchange markets. Asian equity futures rose after a move higher for U.S. stocks on Friday. Coronavirus deaths slowed the most in more than a month in Spain, Italy and France while fatalities reported in the U.K. and New York were the lowest since the end of March.The Federal Reserve joins the BOJ and the European Central Bank announcing policy decisions this week as the battle against the pandemic continues with some countries proceeding with measures to relax lockdown measures. Several major economies will release GDP numbers, while corporate earnings will keep flooding in, including from Amazon.com Inc., Barclays Plc and Samsung Electronics Co.“This coming week...
