The rebound in oil prices on Thursday didn’t last long as bearish sentiment once again took hold on Friday morning, with some analysts contemplating the possibility of $5 WTI...
Gaming console demand is likely to recover in the second half of 2020 or 2021 following a weak first half, and Advanced Micro Devices, Inc. (NASDAQ: AMD) and NVIDIA Corporation (NASDAQ: NVDA) would be key beneficiaries, according to BofA Securities.The AMD, Nvidia Analyst Vivek Arya reiterated Buy ratings on both AMD and Nvidia with price targets of $53 and $300, respectively. Takeaways On AMD, Nvidia The second-half recovery expected in gaming consoles is a function of a new consumer game console cycle that could catalyze a PC gaming upcycle in 2021, Arya said in a Friday note. (See his track record here.)Microsoft Corporation's (NASDAQ: MSFT) Xbox Series X and Sony Corp's (NYSE: SNE) PlayStation 5 are using processors co-designed with AMD, the analyst said. The substantially improved graphics and the adoption of ray tracing by AMD's gaming processors is likely to raise the bar for content creators and benefit the entire...
(Bloomberg) -- New York state ordered all non-essential workers to stay home, a move followed hours later by neighboring New Jersey. Italy reported 627 fatalities, the most in one day anywhere, as the death toll in Europe’s epicenter topped 4,000.President Donald Trump banned all non-essential travel from Mexico, exempting commerce. He also deferred student loan payments.The U.K. and the U.S. warned that social distancing may be in place longer than expected as the pace of coronavirus infections picked up. The European Union said the looming recession may be much worse than previously anticipated.It took three months for the first 100,000 cases but only 12 days for the next 100,000. The pathogen has now killed more than 10,000 people around the world.Key Developments:Cases top 250,000, more than 10,000 deadInfections rise to almost 20,000 in both Spain and IranBiennial Farnborough Airshow postponed until 2022Four U.S. senators sold stock after virus briefings in JanuaryNew...
Anthony Liftgates created the MRT-XL liftgate to help a long-time customer whose drivers were struggling to safely offload extra-large items such as hot tubs. ...
When it comes to a selloff due to the coronavirus from China, one area that's prime for bears has been the restaurant industry. But amid the historic fallout, it's now a better time to look at restaurant stocks to buy and ready 'to-go' in your portfolio.Thursday may not have elicited a full sigh of relief among investors. But a mild rise of just 0.47% in the S&P 500 and slightly spicy gain of 2.3% for the NASDAQ Composite was much better than the standard, stomach-churning fare of late. The price action also marked day one of a critical follow-through count for the broader averages, which have seen corrections of up to 32% over the last four weeks.To say the least, the overall price action within the recently crowned bear market has been painful. Supply chain disruptions, forced closures, "shelter in" mandates and sensible "safe distancing" practices have been hard on most...
JMP Securities lowered its price target on Uber from $56 to $37, but noted the ride hailing company is "well positioned to weather the COVID-19 storm." Citi also lowered its price target on the ride-hailing company from $46 to $34. Yahoo FInance’s Dan Howley joins Seana Smith to discuss....
