This weekend's Barron's examines what's happening with restaurant and food stocks during the pandemic.Other featured articles offer the latest Big Money Poll and some oil and "oily" stock picks.Also, the prospects for an IPO bucking the trend, struggling cruise operators and more."Time to Chow Down on Restaurant Stocks? The Risks May Be Too Great." by Andrew Bary points out that when restaurants do reopen, the dining experience likely will be very different. What's in store for McDonald's Corp (NYSE: MCD), Starbucks Corporation (NASDAQ: SBUX) and many others?Nicholas Jasinski's "Stocks Could Gain 15% in the Next Year, Experts Say" shows why the latest Big Money Poll finds U.S. money managers anxious about stocks. What do they see for Johnson & Johnson (NYSE: JNJ), Netflix Inc (NASDAQ: NFLX) and many others?In "Four Stocks Worth a Look in a Battered Oil Market," Avi Salzman suggests that the petroleum market is sick and may stay...
Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included the iPhone maker and e-commerce and aerospace leaders.Bearish calls included top video streaming providers and an electric vehicle giant.The major U.S. indexes ended another COVID-19-focused week in the red. The Dow Jones industrials were down nearly 2%, but the Nasdaq was almost flat. It was also a week in which volatility in oil prices spiked and the first-quarter earnings reporting season kicked into high gear.Benzinga continues to examine the prospects for many of the stocks most popular with investors. Here are some of this past week's most bullish and bearish posts that are worth another look.Bulls "Apple Analyst Braces For 'Friday The 13th'-Like Q2, Says iPhone On Track" by Shanthi Rexaline looks at why Apple Inc. (NASDAQ: AAPL) is well-positioned despite headwinds around the upcoming earnings report.Priya Nigam's "Goldman Sachs Lifts Amazon Price Target...
(Bloomberg) -- Worldwide coronavirus deaths topped 200,000 as total infections approached 2.9 million. New York Governor Andrew Cuomo said signs suggest the virus is “on the decline” in the state.Fatalities slowed in France, Italy, Spain and Germany, a relatively encouraging signal as Europe’s leaders plan to relax economy-crushing lockdown measures. The U.K. is the fifth nation to top 20,000 deaths.There’s no evidence that having Covid-19 protects patients from a second infection, the World Health Organization said, questioning possible plans for so-called immunity passports.Key DevelopmentsVirus Tracker: Cases top 2.8 million; deaths exceed 200,000WHO says ‘no evidence’ people recovered from disease are safeU.S. retailers may be running out of time to surviveTrump’s riff on disinfectant shows peril of improvised briefingsMeat shortages in U.S. may be near as processors shutU.S. military gets new supply chain missionSubscribe to a daily update on the virus from Bloomberg’s Prognosis team here. Click VRUS on the terminal for...
(Bloomberg) -- Plant shutdowns are leaving the U.S. dangerously close to meat shortages as coronavirus outbreaks now spread to suppliers across 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 where we...
