WASHINGTON/DETROIT (Reuters) - U.S. President Donald Trump blasted General Motors Co and Ford Motor Co on Friday, calling on the two U.S. automakers to quickly build badly needed ventilators for COVID-19 patients and suggesting he might invoke the Defense Production Act to force the companies to move faster. GM and Ford separately announced this week that they are working with companies to help boost ventilator production. Many Democrats including New York Governor Andrew Cuomo have urged Trump to invoke the act, which grants the president the power to expand industrial production of key materials or products for national security and other reasons....
Believe it or not, this isn't the first time the stock market has crashed. Sure, the coronavirus from China is a unique foe that the stock market has yet to face. But, so was the housing crisis back in 2008. So was the Dot Com Bubble back in 2000. So was the Flash Crash of 1987.The stock market beat all of those crises. It will beat the coronavirus crisis, too. So, instead of running away from the markets during this time, history actually says that now is the time to look for stocks to buy.And what better place to find strong stocks to buy than in the group of stocks that survived the 1987, 2000 and 2008 crashes?InvestorPlace - Stock Market News, Stock Advice & Trading TipsThese are what I call "survivor stocks." They've been around the block around a few times. Stock market crashes. Economic recessions. They've seen it all....
Landi Renzo USA received U.S. Environmental Protection Agency (EPA) certification on compressed natural gas (CNG) for the Ford 7.3L engine covering Class 4-7 vehicles. ...
The market is very focused on the negative ramifications of the global economic shutdown from the coronavirus outbreak. The cannabis sector will be hit as hard as any sector if retail stores are closed in certain, but some states such as California have already identified medical cannabis as essential.The U.S. cannabis sector could be hit harder with all of the companies in growth mode while facing liquidity issues. The sector remains trapped outside the traditional financing avenues due to government regulations with cannabis being illegal at the federal level.Despite all of these headwinds, the U.S. cannabis market saw several states generate substantial growth in the last few months and quarters. U.S. multi-state operators (MSOs) positioned in the right states are riding waves of substantial growth due to either the legalization of medical cannabis in Pennsylvania, recreational cannabis in Illinois or the ongoing ramp of medical in Florida.Pennsylvania is estimated to have...
The COVID-19 pandemic has impacted companies, their financials and spending plans, and the software sector is no exception. An analyst at Rosenblatt Securitiessingled out a few companies that could weather the adversity better than others.The Datadog, Splunk, Zscaler Analyst Analyst Yun Kim has Buy ratings on the shares of Datadog Inc (NASDAQ: DDOG) and Splunk Inc (NASDAQ: SPLK). The analyst has a $61 price target for Datadog and $200 price target for Splunk.Kim has a Neutral rating on Zscaler Inc (NASDAQ: ZS) with a $58 price target. Takeaways On Software The software industry is seeing increasing number of project cancellations and delays, putting pressure on the budget that was already allocated to new IT initiatives that have yet to kick off, Kim said in a Thursday note. (See his track record here.)The pace of new IT initiatives is likely to slow for the remainder of the year, which in turn will...
A number of different companies, such as Dyson, General Motors and Ford have turned to manufacturing medical supplies such as masks, ventilators and hand sanitizer as cases of coronavirus continue to rise. The On the Move panel breaks down the details....
