The coronavirus continues to sweep across the world. It's hitting Europe and the U.S. hard after the outbreak began in China. Despite the hellish reality of Covid-19, we're seeing individual companies step up, like Gilead Sciences (NASDAQ:GILD). As a result, GILD stock is up 16.3% year-to-date and 9% over the past month.Some investors may look at that and say, "so what?"But compare that to the SPDR S&P 500 ETF (NYSEARCA:SPY), which is down 22% and 15.3% in the same time frame and you can understand why Gilead has stood out. It's also why it has the potential to shine even brighter in the coming weeks and months.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Gilead vs. Covid-19The virus is bringing out the best in many American companies. Ford (NYSE:F), General Motors (NYSE:GM) and Tesla (NASDAQ:TSLA) are producing ventilators. Gap (NYSE:GPS), Ralph Lauren (NYSE:RL) and others are producing scrubs, gowns...
NVIDIA Corporation (NASDAQ: NVDA) quantified the impact of coronavirus on its top line at $100 million in its fourth-quarter earnings release in mid-February.Since then, the viral outbreak has become a pandemic. An analyst at Needham looked at what lies ahead for the chipmaker in an uncertain time. The Nvidia Analyst Analyst Rajvindra Gill maintained an Outperform rating on Nvidia shares with a $270 price target. The Nvidia Thesis Nvidia has about 6% exposure to the automotive end market, with the chipmaker selling Xavier SoC into ADAS/AV driving applications, Gill said in a Friday note. (See his track record here.)In conjunction with the analyst's view that the COVID-19 outbreak is impacting global automotive production, he lowered his fiscal year 2021 revenue estimate for Nvidia from $12.50 billion to $12.325 billion and EPS estimate from $7.20 to $7.05.The automotive segment is a long-term growth driver for the company, he said. The weakness stemming...
After a recent bounce, Alibaba (NYSE:BABA) is down almost 20% from its 52-week highs. That's notably better than the S&P 500, which is down about 27% from its highs. Given all the circumstances at the momentum, it's hard to determine if Alibaba stock is outperforming or underperforming expectations.Source: Kevin Chen Photography / Shutterstock.com While Alibaba is easily outperforming the S&P 500, it's lagging what many would consider its peers. For instance, JD.com (NASDAQ:JD) is down just 6.5% from its highs, while Amazon (NASDAQ:AMZN) is down 11.3%.So while there are some positives with Alibaba's performance, there are some questions as well.InvestorPlace - Stock Market News, Stock Advice & Trading Tips China Is BoomingBefore getting into Alibaba, something must be said about the bigger picture here. The company operates out of China, which surely every investor knows at this point. With a population of 1.38 billion, it has the most people of any...
Vital Farms CEO Russell Diez-Canseco joins Yahoo Finance’s Zack Guzman and Heidi Chung to discuss the unprecedented demand the company is experiencing in the the past two weeks amid the coronavirus outbreak....
At time of writing, global coronavirus cases are nearing the one million mark, with the U.S. leading the number of cases by a country mile. Given this dubious honor, it's no surprise that the markets have taken down even stable companies like Cisco Systems (NASDAQ:CSCO). However, because of its long-term potential, many are taking advantage of the discount in Cisco stock.Source: Sundry Photography / Shutterstock.com In my opinion, it's not an unreasonable bet. Fundamentally, CSCO features a solid balance sheet. Additionally, its three-year revenue growth rate is above average for its industry, while featuring very strong profitability margins. Better yet, Cisco stock entitles you to a generous dividend, which can help mitigate downside while giving you passive income for your troubles.Nevertheless, investors should be careful about the evolving and harsh realities that come from a health crisis transitioning to an economic one.InvestorPlace - Stock Market News, Stock Advice & Trading Tips...
Don't be fooled by the sudden jump in the price of oil or its impact on the broader markets. If long-term investors want more green in their portfolio, they ought to look at these three up-and-coming clean energy stocks.It's been a disappointing week for growth investors, who have been holding their breath for a key, market-based follow-through day (FTD) to emerge. And following a resoundingly terrible jobs report, an FTD is yet to emerge, with major indices modestly in the red and a recent rally off lows looking more and more like a dead cat bounce than a meaningful bottom.Yet despite current volatility, the price of oil and select energy stocks has many on Wall Street gushing with fresh optimism.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFollowing a move by China to restock its strategic petroleum reserve and President Trump asserting Russia and Saudi Arabia could soon end their...
(Bloomberg) -- Altria Group Inc. pulled out of the e-cigarette market in the fall of 2018 because of a secret deal with rival Juul Labs Inc. -- not because of the public-health concerns it cited publicly at the time, according to U.S. antitrust officials.The Federal Trade Commission revealed the agreement between the two companies in an antitrust complaint made public Friday. The complaint cites new evidence about the negotiations between the two companies that resulted in Altria’s $12.8 billion investment in Juul in December 2018.The complaint from the FTC, which sued on Wednesday to block the deal and ordered Altria and Juul to unwind the investment, states that Altria pulled its MarkTen product from the market as a condition of investing in Juul.Juul’s “executives made clear their position that Altria could not remain a competitor in the relevant market if there was to be a deal,” according to the complaint. During...
