U.S. stocks are set to rally for a second day as the market’s rebound from its coronavirus-induced selloff continues. Airlines, cruise lines, and hotel stocks are gaining.
Merit Medical Systems MMSI was recently granted two additional Breakthrough Device designations by the FDA for the Merit WRAPSODY Endovascular Stent Graft System. The system is a flexible, self-expanding endoprosthesis.
Alpine Immune Sciences, Inc. ALPN has struggling lately, but the selling pressure may be coming to an end soon. That is because ALPN recently saw a Hammer Chart Pattern which can signal that the stock is nearing a bottom.
Price-to-earnings (P/E), given its apparent simplicity, is the most commonly used metric in the value investing world. The ratio enjoys great popularity among valuation metrics in the investment toolkit and is preferred while picking stocks trading at attractive prices. However,
Wall Street saw the best day in two weeks on optimism that the coronavirus pandemic could be slowing. Stay-at-home orders saw coronavirus-related deaths stabilize in places such as New York, while hospitalization of COVID-19 patients slowed down. Add to this the sweeping econom
Genuine Parts Company GPC recently announced that it is implementing a number of actions to boost the firm’s cash position in the face of rising uncertainty due to the coronavirus crisis.
Amid coronavirus crisis, Fifth Third Bancorp FITB is on a hiring spree to cater to the demand of increased Small Business Administration-backed loans followed by the $2-trillion federal Coronavirus Aid, Relief and Economic Security (CARES) Act, passed this March. Notably, this p
Focus Financial Partners Inc. FOCS has been struggling lately, but the selling pressure may be coming to an end soon. That is because FOCS recently saw a Hammer Chart Pattern which can signal that the stock is nearing a bottom.
The coronavirus pandemic has been wreaking havoc on global trade, investments, tourism and supply chains for quite some time now. Moreover, the virus-led sell-off has terminated the 10 years of the U.S. market expansion, which began post the 2007-2009 financial crisis. The three
Paylocity PCTY recently announced the acquisition of video-sharing tech startup — VidGrid — for an undisclosed amount. The acquisition will help Paylocity enhance its capabilities in the video communication space.
Manpower Group (MAN) is a Zacks Rank #5 (Strong Sell) and the stock has dropped for some obvious reasons. Of course in a lockdown there is not a lot of demand for staffing. The probability of many other businesses closing down after the lockdown is lifted is high, so there c
Bristol Myers Squibb Company BMY and partner Acceleron Pharma Inc. XLRN announced that the FDA has approved a label expansion of Reblozyl (luspatercept-aamt).
South Korea's central bank is expected to keep its policy rate unchanged at a record-low 0.75% when it meets on Thursday but it may ease later this quarter to offset the economic hit from the coronavirus outbreak.
Amazon AMZN is continuously making efforts to ensure the welfare of its workers amid the coronavirus-induced crisis.This is evident from its talks with two coronavirus test makers for the safety of its warehouse workers. Reportedly, the company is in contact with two medical com
Molina Healthcare, Inc. MOH decided to remove certain ‘out-of-pocket’ expenses required for treatment of its clients, who are intensely affected by the coronavirus outbreak. This initiative will provide coverage to those members who come under the company’s Medicare, Medic
Flex Ltd. FLEX is set to commence production of ventilator parts to address the shortage of ventilators stemming from the COVID-19 spread, per a Bloomberg report, as revealed by John Carlson, the company’s president of the Health Solutions group.The electronics contract manufa
We recently issued an updated report on Union Pacific Corporation UNP. Factors like innovative cost-control initiatives and free cash flow generation are impressive. Meanwhile, sluggish volumes and declining shipments due to the coronavirus pandemic are hurdles.
The novel coronavirus pandemic is spreading at an alarming rate, with number of deaths increasing each day. In the United States, the situation is more critical. As a whole, the global economy is declining rapidly. Investors are getting increasingly apprehensive about a market m