The S&P 500 has rallied hard off its March lows, but the index remains down 12.4% 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 cut its 2020 global economic growth forecast to negative 3% this week.A number of stocks have been hit much harder than the 12.4% overall market decline. Some of those stocks will ultimately prove excellent long-term buying opportunities. Some of them will end up dropping significantly lower.Here's what analysts have to say about the nine worst-performing S&P 500 stocks of 2020.Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) - Hold Norgwegian has been the single worst-performing stock in the entire S&P 500 in 2020, dropping 80.5% year-to-date.The cruise line industry has been one of the hardest-hit industries from the coronavirus outbreak. Not only is the cruise business shut down indefinitely, there is...
Slack CEO and Co-Founder Stewart Butterfield joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to discuss how Slack is faring amid the coronavirus outbreak....
Shelter-in-place orders to contain the spread of the new coronavirus have led businesses across the globe to foster a virtual office environment, leading to a surge in demand for video-conferencing apps such as Zoom, Cisco's Webex and Microsoft's Teams. BlueJeans, whose conferencing app is used in 180 countries, is already a partner https://www.verizonwireless.com/business/articles/business/blue-jeans-verizon-solution-brief of Verizon and its meeting app is offered to clients under the telecom company's unified communications and collaboration services. "Verizon got a good deal, but BlueJeans had been trying to sell itself for months," Piper Sandler analyst James Fish said....
Lockdowns enforced across the world to contain the spread of the new coronavirus have pushed businesses to work from home, leading to a surge in demand for video-conferencing apps such as Zoom, Cisco's Webex and Microsoft's Teams. BlueJeans, which has not publicly disclosed its user numbers, counts big enterprises such as Facebook Inc, LinkedIn and ViacomCBS among its customers. Large banks like Goldman Sachs, Morgan Stanley and JPMorgan Chase are also known to use BlueJeans....
Aurora Cannabis (ACB) is taking another hit as the company proposes a reverse split to satisfy NYSE listing requirements. Such moves to boost the stock price are typically signs of companies in distress, but the move doesn’t alter the financial position of Aurora. The company is still participating in 2020 growth catalysts while the stock will remain volatile during this period.Reverse Stock Split DetailsThe Board of Directors has proposed that Aurora Cannabis complete a 1-for-12 reverse stock split. The company now lists 1,313,494,990 common shares outstanding leading to a post-split share count of 109,457,915 shares.The company forecasts the reverse split to take place around a month from now on May 11. Aurora Cannabis has an ongoing at-the-market equity plan suggesting additional shares will be sold to raise cash over the next month leading to a higher share count when the split is complete.The key to the reverse split is the stock...
