Passport to Wall Street http://www.pws.io/ pl-PL Copyright 2020, Passport to Wall Street 60 Thanksgiving Holiday Expected to Accelerate U.S. COVID Spread http://www.pws.io/thanksgiving-holiday-expected-to-accelerate-us-covid-spread <p class='black-text'>More than 3 million airline passengers passed through screening checkpoints at U.S. airports over the weekend, ignoring the U.S. Centers for Disease Control and Prevention's (C.D.C.) plea for Americans to avoid travelling for the Thanksgiving holiday.</p><p class='black-text'>The Transportation Security Administration (T.S.A.) reported that the agency screened 1.019 million passengers on Friday, 984,389 on Saturday and 1.047 million on Sunday, which was the largest number of travellers since mid-March when the U.S. coronavirus outbreak began. However, the agency noted that screenings are down over 60% compared to this time last year. There have been just three days since mid-March were the number of T.S.A. screenings topped one million.</p><p class='black-text'>Last week, the C.D.C. recommended against travel for the holiday, which typically involves large family gatherings. The federal health agency was concerned that massive amounts of travellers meeting together in transportation hubs like bus stops or airports will only accelerate the nation's alarming trend of coronavirus infections.</p><p class='black-text'>"One of our concerns is that as people over the holiday season get together, they may actually be brining infections with them," said Dr. Henry Walke, the C.D.C.'s COVID-19 incident manager, in the agency's<a href="https://www.cdc.gov/media/releases/2020/t1118-covid-19-update.html"> first briefing since August on Thursday</a>. "From an individual household level, what's at stake is basically increased chance of one of your loved ones becoming sick and then hospitalized and dying."</p><p class='black-text'>Still, many Americans do not seem to be heading federal, state and local warnings against Thanksgiving gatherings, potentially ushering in another wave of coronavirus infections on top of the country's already record outbreak. The U.S. recorded over 180,000 new <a href="https://covidtracking.com/data/national/cases">infections</a> on Wednesday, with <a href="https://covidtracking.com/data/national/hospitalization">hospitalizations</a> reaching an all time high of 89,959. As death rates typically lag behind infections due to the extended time the virus needs to run its full course, total <a href="https://covidtracking.com/data/national/deaths">deaths</a> topped 2,200 on Tuesday and are expected to continue their upward trend.</p><p class='black-text'>This week, the C.D.C. <a href="https://www.cdc.gov/coronavirus/2019-ncov/covid-data/forecasting-us.html">revised</a> its forecasts of COVID deaths to likely increase over the next for weeks, with 10,600 to 21,400 new deaths likely for the week ending December 19, 2020. The federal health agency also predicts that a total of 294,000 to 321,000 COVID deaths will be reported nationally by this date.</p><p class='black-text'>President-elect Joe Biden delivered a Thanksgiving address to the nation in Wilmington, Delaware on Wednesday, asking Americans to hang on and continue to practice public health protocols ahead of the coronavirus vaccine.</p><p class='black-text'>"I know this country has grown weary of the fight. We need to remember--we're at war with the virus, not with one another," Biden stated to an almost empty auditorium, urging Americans to forgo big family celebrations this year.</p><p class='black-text'>"I know we can and we will beat this virus."</p> http://www.pws.io/thanksgiving-holiday-expected-to-accelerate-us-covid-spread Thu, 26 Nov 2020 12:09:07 -0500 Rachel Hemple Market Update: Benchmarks End Mixed Ahead of the U.S. Thanksgiving Holiday http://www.pws.io/market-update-benchmarks-end-mixed-ahead-of-the-us-thanksgiving-holiday <p class='black-text'>Wall Street ended Wednesday's session mixed as investors digested weekly jobless claims and consumer activity against the bullish sentiment for a speedy coronavirus vaccine rolled in the next several week. The Dow Jones Industrial Average retreated from its 30,000 milestone and the S&P 500 slipped lower ahead of the U.S. Thanksgiving holiday, while tech stocks surged higher, bringing the Nasdaq to a new record close above 12,000.</p><p class='black-text'>U.S. weekly jobless claims totaled a more-than-expected 778,000 for the week ended Nov. 21, up from the 740,000 recorded the previous week, the Labor Department reported on Wednesday. The increases in unemployment claims reflect the reiginition of social restrictions throughout the United States to curb the nation's current coronavirus outbreak. However, continuing jobless claims maintained their decline on Wednesday, falling to 6.07 million.</p><p class='black-text'>Meanwhile, U.S. consumer spending increased for the month of October, rising slightly above expectations at 0.5% for the month, up from September's 1.2% gain. Yet, Personal income fell 0.7%, for October, reversing September's 0.7% increase, signalling a more choppy economic recovery than expected as the coronavirus pandemic continue to weigh on business activity.</p><p class='black-text'><b>Here's how the market settled on Wednesday: </b></p><p class='black-text'>S&P 500 Index <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SPY"><span style="color:#333">(</span><span style=";">SPY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SPY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SPY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SPY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>: -0.16% or -5.78 points to 3,629.63</p><p class='black-text'>Dow Jones Industrial Average <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/DIA"><span style="color:#333">(</span><span style=";">DIA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="DIA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="DIA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="DIA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>: -0.58% or -173.83 points to 29,872.41</p><p class='black-text'>Nasdaq Composite Index <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/QQQ"><span style="color:#333">(</span><span style=";">QQQ</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="QQQ" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="QQQ" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="QQQ" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>: +0.48% or +57.62 points to 12,094.40</p><p class='black-text'><i>For Stocks</i>, Salesforce <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/CRM"><span style="color:#333">(</span><span style=";">CRM</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="CRM" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="CRM" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="CRM" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> led the Dow lower following reports that the software company entered talks to acquire Slack Technologies <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/WORK"><span style="color:#333">(</span><span style=";">WORK</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="WORK" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="WORK" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="WORK" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>. Slack, on the other hand, rallied more than 37% during the session. Tesla <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TSLA"><span style="color:#333">(</span><span style=";">TSLA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TSLA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TSLA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TSLA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> continued its extended rally ahead of its inclusion in the S&P 500. Amazon <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AMZN"><span style="color:#333">(</span><span style=";">AMZN</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AMZN" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AMZN" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AMZN" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and other ecommerce giants gained following optimism and growth expectations for the Black Friday sales event and overall holiday season. Nikola <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/NKLA"><span style="color:#333">(</span><span style=";">NKLA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="NKLA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="NKLA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="NKLA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares slumped after JPMorgan raised doubts towards the finalization of the company's $2 billion deal with General Motors <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GM"><span style="color:#333">(</span><span style=";">GM</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GM" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GM" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GM" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> to produce the electric carmaker's Badger pick-up truck model.</p><p class='black-text'><i>For Sector Performance</i>, only four of the 11 sectors on the S&P increased on Wednesday, with Consumer Discretionary <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLY"><span style="color:#333">(</span><span style=";">XLY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Information Technology <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLK"><span style="color:#333">(</span><span style=";">XLK</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLK" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLK" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLK" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Real Estate <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLRE"><span style="color:#333">(</span><span style=";">XLRE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLRE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLRE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLRE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Utilities <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLU"><span style="color:#333">(</span><span style=";">XLU</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLU" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLU" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLU" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> ending slightly in positive territory. Energy <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLE"><span style="color:#333">(</span><span style=";">XLE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, extending its trend of wildly rising and falling, decline the most at over 2%, while Materials <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLB"><span style="color:#333">(</span><span style=";">XLB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Industrials <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLI"><span style="color:#333">(</span><span style=";">XLI</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLI" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLI" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLI" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> rounded out the bottom three.</p><p class='black-text'><i>For Commodities and Currency</i>, the <b>U.S. Dollar</b> <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/UUP"><span style="color:#333">(</span><span style=";">UUP</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="UUP" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="UUP" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="UUP" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> fell lower on Wednesday as fresh U.S. economic data showed a stalling recovery. The dollar index, which measures the greenback against other global currencies, slipped 0.05% lower at 92.086, after falling as low as 91.941 earlier in the session. <b>Gold </b><nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GLD"><span style="color:#333">(</span><span style=";">GLD</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GLD" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GLD" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GLD" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> prices rose as the dollar fell and U.S. unemployment claims totaled more than expected on Wednesday. Spot gold rose 0.2% to $1,810.41 per ounce, while gold futures settled 0.3% higher at $1,809.10 per ounce. <b>Crude</b> oil futures increased to their highest barrel prices in more than eight months on Wednesday following a surprise drop in U.S. crude inventories last week. International benchmark Brent Crude <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BNO"><span style="color:#333">(</span><span style=";">BNO</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BNO" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BNO" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BNO" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> climbed 1% to $48.33 per barrel, while West Texas Intermediate <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/USO"><span style="color:#333">(</span><span style=";">USO</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="USO" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="USO" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="USO" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> gained 1.8% to $45.71 per barrel. Both benchmarks surged over 4% during the previous session as Wall Street extended its coronavirus vaccine rally.</p><p class='black-text'><i>For Thursday</i>, U.S. stock markets are closed for the Thanksgiving holiday. Wall Street will resume trading with a shortened session on Friday.</p> http://www.pws.io/market-update-benchmarks-end-mixed-ahead-of-the-us-thanksgiving-holiday Wed, 25 Nov 2020 20:02:25 -0500 Rachel Hemple NRF Expects 3-5% Increase in Holiday Sales Along With Online Sales Bump http://www.pws.io/nrf-expects-3-5-increase-in-holiday-sales-along-with-online-sales-bump <p class='black-text'>The National Retail Federation is projecting a message of optimism that many retailers desperately need as it forecasts an increase in holiday sales. Online sales are expected to rise considerably amid the pandemic, contributing to the overall bump in forecasted sales.</p><p class='black-text'>The NRF <a href="https://nrf.com/media-center/press-releases/nrf-expects-holiday-sales-will-grow-between-36-and-52-percent">issued a press release on Monday</a> with its forecast for the holiday shopping season. The NRF commented on increased consumer resilience, which so far has resulted in rebounding sales figures. Because of that resilience, the NRF is forecasting a 3.6-5.2% increase in retail sales compared to 2019.</p><p class='black-text'>"We know this holiday season will be unlike any other, and retailers have planned ahead by investing billions of dollars to ensure the health and safety of their employees and customers," <a href="https://nrf.com/media-center/press-releases/nrf-expects-holiday-sales-will-grow-between-36-and-52-percent">says NRF President and CEO Matthew Shay.</a> "Consumers have shown they are excited about the holidays and are willing to spend on gifts that lift the spirits of family and friends after such a challenging year. We expect a strong finish to the holiday season, and will continue to work with municipal and state officials to keep retailers open and the economy moving forward at this critical time."</p><p class='black-text'>Much of that rebound will be online, according to the NRF, which is projecting a 20-30% increase in online sales.</p><p class='black-text'>The surge in online sales will likely come as a result of the increasing focus many retailers are putting into their online storefronts as the holiday shopping season gets underway. For example, <a href="https://www.pws.io/walmart-to-spread-black-friday-deals-across-three-days-to-address-covid-risk">as previously covered by </a><i><a href="https://www.pws.io/walmart-to-spread-black-friday-deals-across-three-days-to-address-covid-risk">Passport to Wall Street</a></i>, Walmart <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/WMT"><span style="color:#333">(</span><span style=";">WMT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="WMT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="WMT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="WMT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> is spreading its Black Friday sales across much of November, with a particular focus on online sales to keep crowds down at its physical locations.</p><p class='black-text'>In general, the push by many retailers to spread out Black Friday sales across November and December will likely drive traffic and sales up. Even as many Americans face reduced income as CARES Act aid dries up, others have returned to work, or have additional shopping funds due to a lack of travel, and due to the decreased pressure to shop on specific days, may be able to participate in more sales.</p> http://www.pws.io/nrf-expects-3-5-increase-in-holiday-sales-along-with-online-sales-bump Wed, 25 Nov 2020 15:09:08 -0500 Michael Mooney General Motors Abandons Support of Trump Fuel Economy Fight http://www.pws.io/general-motors-abandons-support-of-trump-fuel-economy-fight <p class='black-text'>In a move demonstrative of the Trump administration's rapidly eroding support in the corporate world, General Motors <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GM"><span style="color:#333">(</span><span style=";">GM</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GM" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GM" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GM" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has abandoned its support of President Trump's push to roll back California's fuel economy legislation. GM Joins the likes of Ford <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/F"><span style="color:#333">(</span><span style=";">F</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="F" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="F" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="F" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and other companies that have supported California's legislation in opposition of President Donald Trump.</p><p class='black-text'>Corporate America's support of the Trump administration is rapidly drying up as the year inches closer to a close. President-Elect Joe Biden is poised to undo the rollbacks of Obama-era climate legislation, something that many automakers in the United States have rallied behind. GM now joins the ranks of those corporations, including its lifelong rival Ford, in a move that has it abandoning its support of President Trump's legal push to roll back California's fuel economy laws.</p><p class='black-text'>GM's sent letters to various environmental groups around the country, seemingly throwing its support behind the incoming President and his drive to restore environmental legislation repealed by the Trump administration.</p><p class='black-text'>"President-elect Biden recently said, 'I believe that we can own the 21st-century car market again by moving to electric vehicles.' We at General Motors couldn't agree more,"<a href="https://www.nytimes.com/2020/11/23/climate/general-motors-trump.html?login=smartlock&auth=login-smartlock"> said CEO Mary Barra </a>in the letter. "we are immediately withdrawing from the pre-emption litigation and inviting other automakers to join us."</p><p class='black-text'>GM's move has it joining ranks with major automakers such as Ford, Honda <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/HMC"><span style="color:#333">(</span><span style=";">HMC</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="HMC" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="HMC" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="HMC" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, and Volkswagen <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/VWAGY"><span style="color:#333">(</span><span style=";">VWAGY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="VWAGY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="VWAGY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="VWAGY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> that have supported California in its legal battle from the beginning. Barra's invitation is likely intended for Toyota <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TM"><span style="color:#333">(</span><span style=";">TM</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TM" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TM" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TM" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Fiat-Chrysler <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/FCAU"><span style="color:#333">(</span><span style=";">FCAU</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="FCAU" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="FCAU" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="FCAU" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, which still support the President in the legal battle to overturn California's legislation.</p><p class='black-text'>Many on social media took to deriding GM for its sudden reversal, with some claiming that it was an opportunistic move only done in response to Biden's electoral victory. Others, however, such as Ford's CEO Jim Farley, came out in support of GM.</p><p class='black-text'>"I applaud GM for reversing course on this critical issue. I'm also proud that Bill Ford and Ford stood tall for environmental progress from the start. Principle over politics," <a href="https://www.freep.com/story/money/cars/ford/2020/11/24/ceo-jim-farley-tweets-gm-dumping-trump-california-fight/6404447002/">Farley tweeted.</a></p><p class='black-text'>Investors seemed enthused or at least accepting of the decision, based on GM's performance at the market on Monday. GM opened strong after a pre-market bump and gained 2% during trading, climbing from $43.88 to $44.77. GM's climb continued into Tuesday, with the carmaker at $46.28 by noon.</p> http://www.pws.io/general-motors-abandons-support-of-trump-fuel-economy-fight Wed, 25 Nov 2020 15:03:16 -0500 Michael Mooney Google Moving Into Digital Wallets http://www.pws.io/google-moving-into-digital-wallets <p class='black-text'>Google <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GOOG"><span style="color:#333">(</span><span style=";">GOOG</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GOOG" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GOOG" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GOOG" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> announced an update of Google Pay which will allow users to open a bank account through its app. It's also adding payments to other users as a feature that will allow it to compete with other services like Venmo, Paypal <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/PYPL"><span style="color:#333">(</span><span style=";">PYPL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="PYPL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="PYPL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="PYPL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, and Square <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SQ"><span style="color:#333">(</span><span style=";">SQ</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SQ" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SQ" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SQ" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>.</p><p class='black-text'>Although Google is a bit late to the digital wallet party, it's been long-rumored that Google has had an interest in buying Square <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SQ"><span style="color:#333">(</span><span style=";">SQ</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SQ" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SQ" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SQ" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>. Digital wallets are increasingly how young people do their banking and manage their finances. The experience of fintech companies - both consumer and businesses - show that over time platforms can offer higher-value-added services and products to its customers like credit, wealth management, advisory, insurance, etc.</p><p class='black-text'><i>Announcements</i></p><p class='black-text'>Google is partnering with Citi <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/C"><span style="color:#333">(</span><span style=";">C</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="C" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="C" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="C" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> to add mobile banking units and plans on adding new partners next year. Google is following Apple <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AAPL"><span style="color:#333">(</span><span style=";">AAPL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AAPL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AAPL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AAPL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> which launched a credit card in recent months and has been beefing up Apple Pay. Up to now, both companies have been focused on letting users upload their payment information into their phones and then letting users pay at stores with it. Facebook <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/FB"><span style="color:#333">(</span><span style=";">FB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="FB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="FB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="FB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has also been introducing letting users make payments through Messenger and WhatsApp and is expected to augment these offerings in the coming months.</p><p class='black-text'>Google's checking and savings account come with some advantages including no monthly fees, overdraft charges, or minimum balance requirements. Users can also receive a physical debit card through Mastercard <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/MA"><span style="color:#333">(</span><span style=";">MA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="MA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="MA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="MA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>. Users can also upload bills and receipts using Google Photos to help manage and track expenses.</p><p class='black-text'><i>Stock Price Impact</i></p><p class='black-text'>In the short-term, this news won't affect Google's stock price. However, in the long-run, this could be a meaningful contributor to the company's financials. Through its software and free checking accounts, Google should be able to amass deposits and users. This follows Google's path with many of its products, where it offers users a bunch of features for fees. Once, it reaches a critical mass, it can monetize its userbase and offer more higher-value services, especially as it applies machine learning to users' budgets, spending, and savings.</p><p class='black-text'>Over the past week, Google's stock has broken out to new highs and been consolidating. It's another winner of a vaccine. Travel and small business make up a decent chunk of its revenue base, so as these sectors return to normal in the coming months, Google should benefit.</p> http://www.pws.io/google-moving-into-digital-wallets Wed, 25 Nov 2020 14:33:30 -0500 Jaimini Desai GoodRx CEO Sees No Threat From Amazon Pharmacy http://www.pws.io/goodrx-ceo-sees-no-threat-from-amazon-pharmacy <p class='black-text'>In most recent news, the company of Amazon <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AMZN"><span style="color:#333">(</span><span style=";">AMZN</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AMZN" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AMZN" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AMZN" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, whose central focus is the buying and distribution of goods and services, has announced that it would like to open up a pharmacy in order to potentially compete with other pharmaceutical companies, with the stand out rival being GoodRx <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GDRX"><span style="color:#333">(</span><span style=";">GDRX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GDRX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GDRX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GDRX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>.</p><p class='black-text'>Amazon has already created an online application that allows users to manage their prescriptions, as well as to add any sort of personal information in relation to the prescriptions. Some of the key features that the new Amazon Pharmacy will offer include: home delivery, PillPack, and prescription savings benefit.</p><p class='black-text'>The home delivery feature provides both fast and viable options so that consumers are able to have a more convenient experience. The company stated that Amazon Pharmacy will always comply with HIPAA laws, which protect the consumer's medical and personal information.</p><p class='black-text'>The PillPack is yet another pharmaceutical service provided through Amazon Pharmacy that offers multiple prescription drugs delivered in convenient dosing packaging, similar to services offered by GoodRx. The PillPack service in conjunction with Amazon Prime prescription savings allows members to potentially save up to 80% from generic names and 40% from brand names when paying without insurance.</p><p class='black-text'>These main features, in coupled with the promise of a fast and safe delivery from such a well-known company as Amazon, will surely attract consumers to the new pharmaceutical aspects of the delivery giant.</p><p class='black-text'>GoodRx, a newly public company that specializes in finding discounts for prescription drugs, has been listed as a lead potential competitor for Amazon Pharmacy. The Chief Executive Officer of GoodRx, Doug Hirsch, however, claims that the two companies are more capable of working alongside with each other than most would be led to believe.</p><p class='black-text'>Hirsch claims that GoodRx is a "marketplace" while Amazon is just offering another pharmacy, like CVS <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/CVS"><span style="color:#333">(</span><span style=";">CVS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="CVS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="CVS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="CVS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> or Walgreens <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/WBA"><span style="color:#333">(</span><span style=";">WBA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="WBA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="WBA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="WBA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>. But GoodRx, nevertheless, seems to present a stronger business model than Amazon Pharmacy, with GoodRx collecting revenue through coupons that are presented at various pharmacies. The company also acquires money from the pharmacy benefits managers (PBMs) whenever consumers show their coupons to the pharmacies.</p><p class='black-text'>For example, if a client were to pay $20 for a prescription drug, the PBM would perhaps collect about $6 from the pharmacy, thus leaving the pharmacy with around $14. Due to the nature of the GoodRx business model, and how it allows for consumers to benefit in terms of discounts of prescription drugs, GoodRx can be seen as a leader above Amazon Pharmacy.</p><p class='black-text'>The principles of Amazon Pharmacy contain a customer focus and a strong devotion to innovative thinking, but GoodRx seems to think in terms of the company's success, both on a monetary and relational level. Although the CEO of GoodRx fails to see the competition between the two companies, there is evidently some sort of division in the midst of harmony.</p> http://www.pws.io/goodrx-ceo-sees-no-threat-from-amazon-pharmacy Wed, 25 Nov 2020 14:14:27 -0500 Stephanie Williams Amazon Encourages Customers to Pick-Up Online Orders to Help Lessen Holiday Delivery Demand http://www.pws.io/amazon-encourages-customers-to-pick-up-online-orders-to-help-lessen-holiday-delivery-demand <p class='black-text'>Amazon <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AMZN"><span style="color:#333">(</span><span style=";">AMZN</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AMZN" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AMZN" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AMZN" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> is giving customers multiple options for how to receive their online holiday orders as the e-commerce giant prepares to meet the surge in demand this Black Friday season.</p><p class='black-text'>The company said in a <a href="https://www.businesswire.com/news/home/20201123005679/en/">statement</a> on Monday that Amazon shoppers nationwide will be able to ship their packages to brick-and-mortar retail locations like the company's physical bookstores, Amazon Books, or an Amazon 4-star locations. The company has also established a network of contactless pick-up locations, called Amazon Hub, which are either self-service kiosks or attended pick-up counters that are located in neighborhoods, cities and college campuses.</p><p class='black-text'>The e-commerce giant is also offering online shoppers an "Amazon Day" delivery option, which allows them to pick a certain day of the week to receive all of their orders at once.</p><p class='black-text'>Amazon is marketing these new delivery and package pick-up methods as a way shoppers can keep their holiday purchases "spoiler free" from others in their household that may be receiving the gifts.</p><p class='black-text'>"This year many customers and their families are opting to stay home so the challenge of keeping those special gifts under wraps from family, friends or loved ones is going to be greater than ever," said John Felton, vice president of Amazon Global Delivery Services, in a statement. "We're helping customers keep their orders a surprise this year and have a number of ways we're providing them more flexibility, control and convenience over their deliveries."</p><p class='black-text'>While these moves are designed to make the sometimes chaotic holiday shopping season easier for Amazon customers, they can also benefit the company in multiple ways. By encouraging customers to send their orders to central locations or have them all delivered on the same day, Amazon cuts down on the number of last-mile delivery trips needed.</p><p class='black-text'><i>Black Friday Season Ahead</i></p><p class='black-text'>Black Friday, which is the Friday following the U.S. Thanksgiving holiday, is known for being the unofficial start to the holiday shopping season ahead of the Christmas holiday. The one-day event is known for its doorbuster deals and crowded shopping centers as consumers look to purchase gifts at low price points. The name for the event came from retailer's encouraging a buying surge to benefit their bottom line, pushing them from the "red" into the "black," or into profitability for the year.</p><p class='black-text'>In recent years, Black Friday deals have trended to extend beyond the one-day cut off, with retailers offering deals throughout the weekend and hosting fresh savings online through Cyber Monday sales. Unsurprisingly, like many trends that are powered by the internet, the coronavirus pandemic has accelerated the long Black Friday deals trend by decades, with many retailers offering deals earlier and longer to curb crowded stores and high delivery volumes.</p><p class='black-text'>The acceleration of this trend was influenced heavily by Amazon, with the delivery giant starting this year's holiday season in October by offering delayed Prime Day deals. This forced competitors to develop new strategies that coincided with an extended in-person and online shopping season.</p><p class='black-text'>Target <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TGT"><span style="color:#333">(</span><span style=";">TGT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TGT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TGT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TGT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> held its own sales event during Amazon's Prime Day and offered customers Black Friday deals all throughout the month of November. The company also extended its price match guarantee for any item that is considered a "Black Friday deal" all throughout the holiday season.</p><p class='black-text'>Walmart <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/WMT"><span style="color:#333">(</span><span style=";">WMT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="WMT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="WMT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="WMT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> switched up its holiday deals this year as well, with the big box retailer offering <a href="https://www.pws.io/walmart-to-spread-black-friday-deals-across-three-days-to-address-covid-risk">three separate Black Friday events</a> and starting e-commerce sales as early as October. The company also launched in demand items like Sony PlayStation's <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SNE"><span style="color:#333">(</span><span style=";">SNE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SNE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SNE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SNE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Microsoft Xbox's <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/MSFT"><span style="color:#333">(</span><span style=";">MSFT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="MSFT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="MSFT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="MSFT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> new consoles to be online exclusive items, a move Best Buy <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BBY"><span style="color:#333">(</span><span style=";">BBY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BBY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BBY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BBY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> also followed to curb crowds.</p> http://www.pws.io/amazon-encourages-customers-to-pick-up-online-orders-to-help-lessen-holiday-delivery-demand Wed, 25 Nov 2020 13:43:47 -0500 Rachel Hemple Ulta and Target Strike a Mutually Beneficial Deal http://www.pws.io/ulta-and-target-strike-a-mutually-beneficial-deal <p class='black-text'>Ulta Beauty <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/ULTA"><span style="color:#333">(</span><span style=";">ULTA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="ULTA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="ULTA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="ULTA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> announced a deal with Target <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TGT"><span style="color:#333">(</span><span style=";">TGT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TGT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TGT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TGT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> that would allow the company to open up over 100 makeup and skincare shops in Targets across the country. Starting in the second half of 2021, customers will be able to find mini versions of Ulta in stores and purchase Ulta products on Target's website.</p><p class='black-text'>This new "shop-in-shop" model will feature 1,000 square feet of Ulta beauty brands that have a rotating assembly of products. Ulta will be training Target employees as beauty consultants and customers have the option to shop in person or utilize Target's same-day curbside pickup or home delivery services.</p><p class='black-text'>While Ulta didn't share the length or financial terms of their agreement with Target, expanding their brand to more stores will no doubt bring more customers to both companies and drive higher sales. With the pandemic changing the way the retail industry works and alters shopping behaviors, perhaps permanently, many retailers are looking to innovative deals and ideas to keep up with consumers demands.</p><p class='black-text'>Both Target and Ulta benefit from a deal like this. Ulta will gain visibility on store shelves and reach online, while Target will draw in a new demographic. Foot traffic both in person and online is expected to rise once Target has Ulta's products available. Between the two of them, they already have over 100 million active loyalty program members from their respective programs. Target Circle hosts the bulk of those members, but Ulta brings in more than 33 million members from their Ultamate Rewards program alone.</p><p class='black-text'>Target has shown strength in the market through the pandemic, as it's been one of the few retailers that has been able to keep its nearly 1,900 stores open. Its curbside and home delivery service grew more than 700% during its second quarter, and profits actually jumped 80% in its second quarter, proving a store with variety is one that lasts.</p><p class='black-text'>Meanwhile, Ulta was hard-hit by store closures. The beauty retailer's sales dropped by 26.7%, but they have been steadily improving since. Their business really picked up again when most of their stores were able to re-open in July. However, beauty sales have been unstable as less social outings and working from home lets consumers go makeup-free more often. Their saving grace has been their soaps and skin care, which has actually gained popularity as self-care and relaxation has taken hold while everyone stays at home.</p><p class='black-text'>The two companies aren't the only ones who think this deal is a good idea. Once their plan was announced, Ulta's stock rose over 7%, even though it did slip 4% the day after. Target, on the other hand, increased 3% over two days and seems to be settled there.</p> http://www.pws.io/ulta-and-target-strike-a-mutually-beneficial-deal Tue, 24 Nov 2020 21:24:34 -0500 Amanda Little When Will U.S. Airlines Catch a Break? http://www.pws.io/when-will-us-airlines-catch-a-break <p class='black-text'>Airlines, one of the hardest hit industries within the travel and leisure sector, are beginning to see a slight uptake in domestic holiday travelers ahead of the U.S. Thanksgiving holiday on Thursday despite warnings from the U.S. Centers for Disease Control and Prevention about the surging coronavirus outbreak throughout the nation.</p><p class='black-text'>The Transportation Security Administration screened over 1 million travellers each on Friday and Sunday, the highest number the commercial airline screening agency has recorded since mid-March. Yet, those numbers are still significantly lower than this same time period last year, with average daily screenings down more than 64% from the same period in 2019.</p><p class='black-text'>Since the coronavirus pandemic, airlines have issued a slew of new protocols to help travelers feel safe. The new procedures include enhanced sanitary measures, new air filtration systems, mandatory facial covering rules, pre-flight health screenings and testing, alongside other costly measures like blocking middle seats and allowing passengers to change or cancel flights that are too crowded.</p><p class='black-text'>While recent research has found that it is difficult to catch the coronavirus on a plane with all new health protocols, many would-be travelers have opted against booking flights for the time being. The coronavirus pandemic has but the airline industry in a tough situation as it tries to stay afloat. For now, sustained recovery for commercial airlines is only expected to arrive once travel restrictions are lifted post-pandemic.</p><p class='black-text'><i>Vaccines May Bring Early Recovery</i></p><p class='black-text'>Despite the ongoing impact the pandemic has brought on the industry, travel stocks have largely benefitted from recent announcements from coronavirus vaccine frontrunners like Pfizer <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/PFE"><span style="color:#333">(</span><span style=";">PFE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="PFE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="PFE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="PFE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>/BioNTech <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BTNX"><span style="color:#333">(</span><span style=";">BTNX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BTNX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BTNX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BTNX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Moderna <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/MRNA"><span style="color:#333">(</span><span style=";">MRNA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="MRNA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="MRNA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="MRNA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and AstraZeneca <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AZN"><span style="color:#333">(</span><span style=";">AZN</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AZN" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AZN" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AZN" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, with each potential vaccine demonstrating extraordinary effectiveness against infection.</p><p class='black-text'>There is a general desire to go back to "normal," and a vaccine may be the key to bringing the pandemic to a speedy end. Still, a vaccine would be needed for a majority of a nation in order to bring the population to herd immunity, or the level of immune individuals needed for a virus to not spread easily and protect those vulnerable. Experts have estimated that more than 60% of a nation's population will need to be vaccinated for the coronavirus to reach herd immunity.</p><p class='black-text'>A recent <a href="https://news.gallup.com/poll/325208/americans-willing-covid-vaccine.aspx">Gallup Panel survey</a> conducted before the release of late-stage trial analysis from vaccine frontrunners showed that Americans were more willing to get a vaccine than prior surveys. The survey, conducted between Oct. 19 to Nov. 1, found that 58% of Americans polled were willing to get a coronavirus vaccine, up from the 50% polled back in September. For those who are unwilling to receive a vaccine, 37% fell that the vaccine's timeline was too rushed, while 26% say they want to wait to confirm that the vaccine is safe.</p><p class='black-text'><i>Travel Industry ETF Check-In</i></p><p class='black-text'><b>US Global Jets ETF</b> <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/JETS"><span style="color:#333">(</span><span style=";">JETS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="JETS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="JETS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="JETS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr></p><p class='black-text'>JETS provides exposure to both U.S. domestic and international airline companies and manufacturers of all capitalizations. The index is weighted towards U.S. passenger airlines, which make up nearly 70% of its portfolio. The fund is down over 30% for its year-to-date, with the ETF taking a huge hit from the historically low flight demand brought by the pandemic. This fund is poised to recover alongside airlines, which have yo-yoed throughout the year, with volatility prompted by coronavirus headlines.</p><p class='black-text'><b>ETFMG Travel Tech ETF</b> <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AWAY"><span style="color:#333">(</span><span style=";">AWAY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AWAY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AWAY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AWAY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr></p><p class='black-text'>AWAY's portfolio contains companies involved in travel technology weighted based on market cap and liquidity, with top holding including Booking Holdings <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BKNG"><span style="color:#333">(</span><span style=";">BKNG</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BKNG" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BKNG" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BKNG" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Expedia <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/EXPE"><span style="color:#333">(</span><span style=";">EXPE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="EXPE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="EXPE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="EXPE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Lyft <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/LYFT"><span style="color:#333">(</span><span style=";">LYFT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="LYFT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="LYFT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="LYFT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Uber <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/UBER"><span style="color:#333">(</span><span style=";">UBER</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="UBER" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="UBER" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="UBER" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>. This fund started trading at an unlucky time--launching in early 2020--but has almost recovered from its March lows.</p><p class='black-text'><b>VanEck Vectors Gaming ETF</b> <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BJK"><span style="color:#333">(</span><span style=";">BJK</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BJK" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BJK" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BJK" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr></p><p class='black-text'>BJK provides exposure to companies involved in casinos, sports betting, lottery services, gaming services, gaming technology and equipment. This fund has turned positive for its year-to-date, standing up over 4% as it continues to climb from March's lows.</p><p class='black-text'><b>Invesco Dynamic Leisure and Entertainment ETF</b> <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/PEJ"><span style="color:#333">(</span><span style=";">PEJ</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="PEJ" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="PEJ" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="PEJ" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr></p><p class='black-text'>PEJ tracks a multifactor, tiered equal-weighted index of 32 U.S. entertainment and leisure stocks. The top sectors within its portfolio include double digit exposure to Restaurants & Bars, Broadcasting, Entertainment Products, and Leisure & Recreation stocks. While the fund provides a nice slice throughout the whole leisure and entertainment industry, it has yet to recover from the pandemic's impact, with the ETF currently down nearly 20% for its year-to-date.</p> http://www.pws.io/when-will-us-airlines-catch-a-break Tue, 24 Nov 2020 20:47:53 -0500 Rachel Hemple Market Update: Wall Street Rally Propels Dow Jones Above 30,000 for First Time Ever http://www.pws.io/market-update-wall-street-rally-propels-dow-jones-above-30000-for-first-time-ever <p class='black-text'>Wall Street staged a rally on Tuesday, ignited by ongoing coronavirus vaccine optimism, the start of a hopefully smooth presidential transition between President Donald Trump and President-elect Joe Biden, and positive 2021 outlook as sentiment turned bullish towards a quick vaccine roll out. That enhanced optimism pushed the Dow Jones Industrial Average above 30,000 for the first time ever to a record close of 30,046.24.</p><p class='black-text'>Late Monday, the General Services Administration (GSA) chief Emily Murphy told Biden's transition team that the Trump administration will begin making federal resources available to begin a transition between the two administrations. However, Trump has signalled that he will not concede the presidency at this time, <a href="https://twitter.com/realDonaldTrump/status/1331247567041081345">tweeting</a>: "Remember, the GSA has been terrific, and Emily Murphy has done a great job, but the GSA does not determine who the next President of the United States will be."</p><p class='black-text'>Meanwhile, The Conference Board's Consumer Sentiment Index declined more than expected in November, with the lastest reading falling to 96.1 from the 101.4 recorded in October. The index was at 132.6 in February, before the beginning of the pandemic.</p><p class='black-text'>"Heading into 2021, consumer do not foresee the economy, nor the labor market, going strength," said Lynn France, senior director of economic indicators at The Conference Board. "In addition, the resurgence of COVID-19 is further increasing uncertainty and exacerbating concerns about the outlook."</p><p class='black-text'><b>Here's how the market settled on Tuesday: </b></p><p class='black-text'>S&P 500 Index <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SPY"><span style="color:#333">(</span><span style=";">SPY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SPY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SPY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SPY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>: +1.62% or +57.85 points to 3,635.44</p><p class='black-text'>Dow Jones Industrial Average <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/DIA"><span style="color:#333">(</span><span style=";">DIA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="DIA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="DIA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="DIA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>: +1.54% or +454.97 points to 30,046.24</p><p class='black-text'>Nasdaq Composite Index <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/QQQ"><span style="color:#333">(</span><span style=";">QQQ</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="QQQ" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="QQQ" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="QQQ" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>: +1.31% or +156.15 points to 12,036.79</p><p class='black-text'><i>For Stocks,</i> Tesla <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TSLA"><span style="color:#333">(</span><span style=";">TSLA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TSLA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TSLA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TSLA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> surged to a record high as investors continued to pour into the stock ahead of its listing on the S&P 500. The electric carmaker's stock rose above $500 billion for the first time ever. Mega-cap tech stocks also rose alongside the broader market: Amazon <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AMZN"><span style="color:#333">(</span><span style=";">AMZN</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AMZN" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AMZN" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AMZN" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Apple <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AAPL"><span style="color:#333">(</span><span style=";">AAPL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AAPL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AAPL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AAPL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Facebook <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/FB"><span style="color:#333">(</span><span style=";">FB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="FB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="FB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="FB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Google <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GOOGL"><span style="color:#333">(</span><span style=";">GOOGL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GOOGL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GOOGL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GOOGL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Microsoft <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/MFST"><span style="color:#333">(</span><span style=";">MFST</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="MFST" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="MFST" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="MFST" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>. U.S. airline stocks also rose on ongoing vaccine momentum: American <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AAL"><span style="color:#333">(</span><span style=";">AAL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AAL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AAL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AAL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Delta <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/DAL"><span style="color:#333">(</span><span style=";">DAL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="DAL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="DAL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="DAL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Southwest <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/LUV"><span style="color:#333">(</span><span style=";">LUV</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="LUV" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="LUV" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="LUV" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and United <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/UAL"><span style="color:#333">(</span><span style=";">UAL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="UAL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="UAL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="UAL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>.</p><p class='black-text'><i>For Sector Performance</i>, ten out of the 11 S&P sectors closed higher, with only Real Estate <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLRE"><span style="color:#333">(</span><span style=";">XLRE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLRE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLRE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLRE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> falling slightly into negative territory. Energy <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLE"><span style="color:#333">(</span><span style=";">XLE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> continued to lead sectors, this time rising 5% and is now up 40% for the month following ongoing positive coronavirus vaccine sentiment. Financials <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLF"><span style="color:#333">(</span><span style=";">XLF</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLF" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLF" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLF" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> also rallied alongside the broader market, carried by gains made from Wells Fargo <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/WFC"><span style="color:#333">(</span><span style=";">WFC</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="WFC" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="WFC" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="WFC" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Citigroup <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/C"><span style="color:#333">(</span><span style=";">C</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="C" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="C" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="C" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>. To round out the other top gainers, Materials <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLB"><span style="color:#333">(</span><span style=";">XLB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Communication Services <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLC"><span style="color:#333">(</span><span style=";">XLC</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLC" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLC" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLC" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> rose over 2%, while Industrials <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLI"><span style="color:#333">(</span><span style=";">XLI</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLI" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLI" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLI" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Information Technology <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLK"><span style="color:#333">(</span><span style=";">XLK</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLK" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLK" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLK" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Consumer Discretionary <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLY"><span style="color:#333">(</span><span style=";">XLY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Utilities <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLU"><span style="color:#333">(</span><span style=";">XLU</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLU" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLU" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLU" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> increased over 1%.</p><p class='black-text'><i>For Commodities and Currency</i>, the <b>U.S. Dollar</b> <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/UUP"><span style="color:#333">(</span><span style=";">UUP</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="UUP" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="UUP" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="UUP" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> fell on Tuesday as risk sentiment improved following the Trump administration beginning the transition to a Biden administration and as coronavirus vaccine optimism continued to brighten outlooks. The dollar index, which measures the greenback against other global currencies, was down 0.31% at 92.214. The index is still holding above the 92 level, which analysts think will lead to much greater declines if the index breaks below. <b>Gold </b><nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GLD"><span style="color:#333">(</span><span style=";">GLD</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GLD" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GLD" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GLD" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> slipped to a four-month low on Tuesday as vaccine sentiment continued to boost investor optimism. Spot gold fell 1.5% to $1,807.95 per ounce, while gold futures settled 1.8% lower at $1,804.60 per ounce.<b> Crude</b> oil futures rose to their highest levels since early March on extended vaccine optimism and presidential transition news. International benchmark Brent Crude <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BNO"><span style="color:#333">(</span><span style=";">BNO</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BNO" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BNO" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BNO" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> climbed 3.91% to $47.85 per barrel, while West Texas Intermediate <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/USO"><span style="color:#333">(</span><span style=";">USO</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="USO" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="USO" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="USO" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> increased 4.3% higher at $44.91 per barrel.</p><p class='black-text'><i>For Wednesday</i>, market participants will focus on a slew of new U.S. economic data, with new readings for initial unemployment claims, gross domestic product, consumer sentiment, personal income, consumer spending, and core inflation set to release. All economic news for the week was pushed ahead to Wednesday due to the U.S. market holiday on Thursday and the shortened trading period on Friday.</p> http://www.pws.io/market-update-wall-street-rally-propels-dow-jones-above-30000-for-first-time-ever Tue, 24 Nov 2020 18:04:22 -0500 Rachel Hemple Tesla Ranks Second to Last in Consumer Reports Reliability Survey http://www.pws.io/tesla-ranks-second-to-last-in-consumer-reports-reliability-survey <p class='black-text'>Despite being a stock market darling, the actual quality of Tesla's <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TSLA"><span style="color:#333">(</span><span style=";">TSLA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TSLA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TSLA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TSLA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> cars is being increasingly called into question after ending up near the bottom in Consumer Reports' 2019 Reliability Survey. This is the second instance of Tesla being ranked last in a quality survey after ending up at the bottom of J.D. Power's survey.</p><p class='black-text'>The <a href="https://www.marketwatch.com/story/tesla-slides-to-bottom-of-consumer-reports-reliability-survey-11605816647">results</a> of the survey were dismal for Tesla, ranking second to last among 26 ranked brands. Cars made by other groups like General Motors <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GM"><span style="color:#333">(</span><span style=";">GM</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GM" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GM" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GM" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Honda <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/HMC"><span style="color:#333">(</span><span style=";">HMC</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="HMC" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="HMC" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="HMC" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> made gains in the recent survey, while the brand Toyota Motor <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TM"><span style="color:#333">(</span><span style=";">TM</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TM" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TM" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TM" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> came second in reliability.</p><p class='black-text'>The yearly reliability surveys are based on data collected from Consumer Reports about their experiences, with this year's analysis totaling more than 300,000 vehicles.</p><p class='black-text'>Tesla's standing was dragged lower by the Model Y, the company's newest model CUV that Consumer Reports noted had "below-average reliability." Other models didn't fare much better, with the Model X being called "subpar" and Model S dropping to below-average in the new report. Only the Model 3 carries Consumer Reports' recommendation.</p><p class='black-text'>What are consumers reporting, then, that dragged Tesla so low? Owners of the Model Y are reporting mismatched <a href="https://money.usnews.com/investing/news/articles/2020-11-19/model-y-drags-down-teslas-ranking-in-annual-reliability-survey-by-consumer-reports">body panels</a> and paint issues. Other <a href="https://finance.yahoo.com/news/consumer-reports-reliability-study-electric-vehicles-202508542.html">reports</a> included being unable to close the trunk properly and issues with the car's alignment. In some cases, transmissions needed to be replaced after only 5,000 miles.</p><p class='black-text'>This is the second time Tesla has received poor feedback from consumers. Earlier this year, Tesla came <a href="https://www.pws.io/tesla-ranked-last-on-jd-power-initial-quality-survey">dead last</a> in J.D. Power's initial quality survey for many of the same issues. In the survey by J.D. Power, Tesla averaged 250 issues per 100 vehicles as opposed to the industry average of 166. Issues ranged from mismatched body parts to issues opening and closing doors.</p><p class='black-text'>Coinciding with J.D. Power's report was a bombshell article by<i> Business Insider</i> that revealed that Tesla had been willingly shipping Model S units with defective battery packs and an ongoing investigation by the National Highway Traffic Safety Administration for touchscreen failures in the same model.</p> http://www.pws.io/tesla-ranks-second-to-last-in-consumer-reports-reliability-survey Tue, 24 Nov 2020 14:43:43 -0500 Michael Mooney Square Higher Following Earnings Beat, Bullish Guidance http://www.pws.io/square-higher-following-earnings-beat-bullish-guidance <p class='black-text'>Square <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SQ"><span style="color:#333">(</span><span style=";">SQ</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SQ" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SQ" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SQ" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> is possibly the premier U.S.-based, fintech company. For many young people, it's become how they manage money. This is evident with the growth of its Cash app which drove much of the company's growth during the quarter.</p><p class='black-text'>The Cash app's growth has accelerated during the coronavirus due to the increase in digital payments and eCommerce. However, another part of the business has suffered as the coronavirus has caused a lot of pain for small businesses. This has negatively affected Square's credit card processing revenues, although its offset some of these losses with increasing eCommerce sales.</p><p class='black-text'>So, while most tech stocks will likely see a deceleration with the economy moving past the coronavirus sometime next year, Square could benefit. There will likely be a huge pent-up demand for people to eat out, shop at retail stores, and support small businesses.</p><p class='black-text'><i>Inside the Numbers</i></p><p class='black-text'>In the third quarter, Square reported $0.34 per share which was a 34% increase from last year. Analysts were looking for $0.16 per share. Revenue grew 140% to top expectations at $3.03 billion, while analysts were looking for $2.07 billion. One of the main contributors to the upside surprise was users buying and selling Bitcoin. Cash App accounted for $2.1 billion in revenue with a gross profit of $385 million.</p><p class='black-text'>Subscription and services-based revenue climbed 60% to $448 million which significantly beat estimates of $398.5 million. This is closely watched by investors since it's an indication of Square's recurring revenue and tends to be high-margin services like advertising and consulting. Gross payment volume from merchants on its platform increased by 9% to $31.7 billion. Analysts' consensus was $30 billion.</p><p class='black-text'><i>Stock Price Outlook</i></p><p class='black-text'>Square has a promising outlook for many reasons. Regardless of the coronavirus or the economy, digital payments will continue to grow, and Square is one of the leaders. It also has exposure to cryptocurrency. With bitcoin prices nearing all-time highs, these transactions will likely continue to increase.</p><p class='black-text'>While bitcoin revenue is not a high-margin business, it's one way to attract users to its platform. From Alipay and Tencent <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TCEHY"><span style="color:#333">(</span><span style=";">TCEHY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TCEHY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TCEHY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TCEHY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, it's clear that once users are on the platform, the company can grow by offering higher-value services like wealth advisement, lending, insurance, etc. Square is already on the way for consumers using the Cash app and merchants using its payment processing.</p><p class='black-text'>Square is up 180% for the year. It's also showing some relative strength vs the broader tech sector as it continues to consolidate in a tight range below its all-time highs. Given Square's exposure to the digital economy and real-world economy, I believe that it will continue moving higher the rest of the year and into 2021.</p> http://www.pws.io/square-higher-following-earnings-beat-bullish-guidance Tue, 24 Nov 2020 11:32:31 -0500 Jaimini Desai Dollar General Opens New Stores Targeting Higher-End Customers http://www.pws.io/dollar-general-opens-new-stores-targeting-higher-end-customers <p class='black-text'>Dollar General <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/DG"><span style="color:#333">(</span><span style=";">DG</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="DG" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="DG" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="DG" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> is tapping into its higher-end consumer base, compared to its normal target market, as new popshelf stores open soon. This move may position Dollar General to potentially appeal to consumers who normally shop at other stores such as Walmart <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/WMT"><span style="color:#333">(</span><span style=";">WMT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="WMT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="WMT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="WMT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Target <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TGT"><span style="color:#333">(</span><span style=";">TGT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TGT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TGT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TGT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> but find themselves suddenly strapped for cash and uncertain about their economic future due to the pandemic.</p><p class='black-text'>"We are excited to introduce popshelf from a position of strength, further highlighting our innovative spirit and building on our proven track record of store format innovation," said Dollar General CEO Todd Vasos. "We have leveraged robust consumer insights to create a unique store that we believe will <a href="https://newscenter.dollargeneral.com/popshelf/dollar-general-unveils-exciting-new-and-differentiated-retail-store-meet-popshelf.htm" target="_blank">resonate with new customers</a>, while providing Dollar General with even more opportunities for growth in the years ahead."</p><p class='black-text'>Specifically, popshelf is looking to market to suburban women whose income ranges from $50,000 to $125,000 a year. Some products available will be seasonal items, home décor,, health products, cosmetics, party goods, and cleaning supplies, with around 95% of items each priced at $5 or less.</p><p class='black-text'>"It's a <a href="https://www.tennessean.com/story/news/local/sumner/2020/11/15/dollar-generals-popshelf-debuts-hendersonville-clarksville/6070757002/" target="_blank">different demographic for us</a>," said Dollar General spokesperson Crystal Ghassemi. "But we go back to it doesn't matter how much money you make. I think there are a lot of people who really enjoy getting a great value."</p><p class='black-text'>Further, many products for sale in popshelf stores will only be available for a limited time, according to Ghassemi, creating a "<a href="https://www.tennessean.com/story/news/local/sumner/2020/11/15/dollar-generals-popshelf-debuts-hendersonville-clarksville/6070757002/" target="_blank">treasure hunt experience</a>."</p><p class='black-text'>Dollar General has already done rather well during the pandemic, with its more than 16,000 stores overall rising 18.8% during the second quarter of 2020, so popshelf may continue that trend. According to the company, it "continued to <a href="https://amp.cnn.com/cnn/2020/10/08/business/dollar-general-popshelf-retail-store/index.html" target="_blank">experience elevated demand</a> in its stores" this year.</p><p class='black-text'>In addition to targeting consumers looking for a bargain, what may have also helped was that Dollar General was deemed an essential business and therefore wasn't forced to close early on in the pandemic, a time when many places of business had to close temporarily.</p><p class='black-text'>The first two popshelf stores will open near Nashville, Tennessee, in Hendersonville and Clarksville, with plans on the horizon to open another 30 stores over the next year or so. Each popshelf that opens is expected to create 15 jobs.</p> http://www.pws.io/dollar-general-opens-new-stores-targeting-higher-end-customers Tue, 24 Nov 2020 11:29:17 -0500 Rebecca O'Bern AstraZeneca, Oxford Vaccine Found to be up to 90% Effective, 70% on Average http://www.pws.io/astrazeneca-oxford-vaccine-found-to-be-up-to-90-effective-70-on-average <p class='black-text'>British pharmaceutical giant AstraZeneca <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AZN"><span style="color:#333">(</span><span style=";">AZN</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AZN" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AZN" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AZN" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> in partnership with Oxford University <a href="https://www.astrazeneca.com/media-centre/press-releases/2020/azd1222hlr.html">announced</a> on Monday that late-stage clinical trials for its coronavirus vaccine demonstrated that the drug is highly effective in preventing infections. Results for the trial showed that the vaccine has an average efficacy of 70%, but has the potential to be as much as 90% effective.</p><p class='black-text'>AstraZeneca is the third major drug company to report late-state trial data for a coronavirus vaccine, adding to the other highly effective vaccines developed by Pfizer <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/PFE"><span style="color:#333">(</span><span style=";">PFE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="PFE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="PFE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="PFE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>/BioNTech <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BTNX"><span style="color:#333">(</span><span style=";">BTNX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BTNX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BTNX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BTNX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Moderna <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/MRNA"><span style="color:#333">(</span><span style=";">MRNA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="MRNA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="MRNA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="MRNA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, which both <a href="https://www.pws.io//us-vaccine-distribution-plans-against-a-rocky-presidential-transition">demonstrated efficacies of about 95%</a>.</p><p class='black-text'>The AstraZeneca vaccine was studied using two different dosing regimens: one where participants were given a half dose of the drug, followed by a full dose administered at least one month apart; and the other were participants were given two full doses at least one month apart. The first dosing regime demonstrated 90% effectiveness, while the second regime showed 62% efficacy.</p><p class='black-text'>Researchers combined analysis from both dosing regimens to find an average vaccine effectiveness of 70%. The vaccine's developers do not know why the half-dose-then-full-dose vaccine regime was more effective, but plan to investigate further and find which dosage of the vaccine will produce the most protection. The studies did not report any hospitalizations or severe coronavirus infections in participants that received the vaccine.</p><p class='black-text'>The trial results reported on Monday came from studies in the United Kingdom and Brazil that involved 23,000 participants. Of the thousands of volunteers, 11,636 participants received doses of the vaccine, which the rest were given an inert placebo. Overall, there were 131 cases of coronavirus infection during the study. AstraZeneca has not released a breakdown of which group the sick participants belonged to, but noted that those details will be publicly released by Tuesday.</p><p class='black-text'>Late-stage trials of AstraZeneca's vaccine are still being conducted in the United States, Japan, Russia, South Africa, Kenya and throughout Latin America. The company also have further clinical trials planned for other European and Asian countries.</p><p class='black-text'>The vaccine's efficacy is subject to change as more trial data is gathered and analyzed.</p><p class='black-text'><i>Vaccine Check-Up</i></p><p class='black-text'>AstraZeneca's vaccine differs from its other frontrunners in various ways. The first is its technology. While Pfizer, BioNTech and Moderna have developed their shots using new messenger RNA (mRNA) technology that "trains" an individuals immune system to develop antibodies against the coronavirus to prepare the individual for when they are exposed the the real virus. AstraZeneca's vaccine uses traditional vaccine technology, or a modified common cold virus to carry coronavirus genes into human cells which prepare the immune system for the real coronavirus.</p><p class='black-text'>Next, the vaccine is relatively cheaper. Since the beginning of development, Oxford University and AstraZeneca set out not to profit from the vaccine during the pandemic and wanted the vaccine to be equitably distributed. The pair's vaccine costs about $2.50 per dose, based on agreements reached with multiple governments and global health organizations. To compare, Pfizer's/BioNTech's vaccine costs $20 per dose, while Moderna's ranges from $15 to $25 each, based on the agreements that companies have reached with the United States government.</p><p class='black-text'>Last, AstraZeneca's vaccine can be stored, distributed and handled at average refrigerator temperatures of 2 to 8 degrees Celsius (36-46 degrees Fahrenheit). Pfizer's/BioNTech's and Moderna's vaccines must be stored at low freezer temperatures, with Pfizer requiring sub zero, ultra cold storage temperatures. AstraZeneca's vaccine can be potentially easier to distribute than other frontrunners, especially in developing countries with poorer health care infrastructures.</p><p class='black-text'>All three vaccines still need to be approved by national health regulators before they can be widely distributed globally. Pfizer's/BioNTech's and Moderna's vaccine are expected to be approved by the end of the year. AstraZeneca stated that it will immediately prepare to submit for emergency use authorization with various global health regulators.</p> http://www.pws.io/astrazeneca-oxford-vaccine-found-to-be-up-to-90-effective-70-on-average Mon, 23 Nov 2020 23:42:42 -0500 Rachel Hemple Market Update: Stocks Gain on Brighter Vaccine and Economic Outlooks http://www.pws.io/market-update-stocks-gain-on-brighter-vaccine-and-economic-outlooks <p class='black-text'>Stocks gained on Monday as sentiment was encouraged by new vaccine developments and Wall Street favored choices for President-elect Joe Biden's administration. Market participants have become more optimistic towards an accelerated economic recovery following the large-scale rollout of effective coronavirus vaccines, despite many health experts warnings of the grim winter and first quarter of 2021 that lies ahead.</p><p class='black-text'>On Monday, University of Oxford and AstraZeneca <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AZN"><span style="color:#333">(</span><span style=";">AZN</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AZN" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AZN" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AZN" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> announced that their coronavirus vaccine candidate demonstrated 70.4% overall, but can provide as much as 90% protection from infection if a certain dosage is taken. This announcement follows the strong data from Pfizer <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/PFE"><span style="color:#333">(</span><span style=";">PFE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="PFE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="PFE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="PFE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>/BioNTech <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BTNX"><span style="color:#333">(</span><span style=";">BTNX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BTNX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BTNX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BTNX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Moderna <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/MRNA"><span style="color:#333">(</span><span style=";">MRNA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="MRNA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="MRNA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="MRNA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>.</p><p class='black-text'>Meanwhile, President-elect Joe Biden has planned to nominate Janet Yellen to be his U.S. Treasury Secretary. The <i>Wall Street Journal </i>was first to <a href="https://www.wsj.com/articles/janet-yellen-is-bidens-pick-for-treasury-secretary-11606161637">report </a>on the potential pick. Yellen has served as Chairman of the Federal Reserve from 2014 to 2018, overseeing solid economic expansion following the financial crisis and is a Wall Street favorite.</p><p class='black-text'><b>Here's how the market settled to start the week: </b></p><p class='black-text'>S&P 500 Index <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SPY"><span style="color:#333">(</span><span style=";">SPY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SPY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SPY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SPY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>: +0.57% or +20.12 points to 3,577.66</p><p class='black-text'>Dow Jones Industrial Average <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/DIA"><span style="color:#333">(</span><span style=";">DIA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="DIA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="DIA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="DIA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>: +1.12% or +328.38 points to 29,591.86</p><p class='black-text'>Nasdaq Composite Index <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/QQQ"><span style="color:#333">(</span><span style=";">QQQ</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="QQQ" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="QQQ" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="QQQ" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>: +0.22% or +25.66 points to 11,880.63</p><p class='black-text'><i>For Stocks</i>, mega-cap tech names were pressured by positive coronavirus outlook: Amazon <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AMZN"><span style="color:#333">(</span><span style=";">AMZN</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AMZN" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AMZN" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AMZN" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Apple <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AAPL"><span style="color:#333">(</span><span style=";">AAPL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AAPL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AAPL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AAPL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Facebook <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/FB"><span style="color:#333">(</span><span style=";">FB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="FB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="FB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="FB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Google <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GOOGL"><span style="color:#333">(</span><span style=";">GOOGL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GOOGL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GOOGL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GOOGL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Microsoft <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/MSFT"><span style="color:#333">(</span><span style=";">MSFT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="MSFT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="MSFT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="MSFT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Netflix <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/NFLX"><span style="color:#333">(</span><span style=";">NFLX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="NFLX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="NFLX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="NFLX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>. Snap <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SNAP"><span style="color:#333">(</span><span style=";">SNAP</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SNAP" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SNAP" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SNAP" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares popped on Monday after the social media company unveiled their new Spotlight features, which is aimed to compete with ByteDance's TikTok and Instagram Reels. Reopening names like airlines and cruises gained on Monday following more positive vaccine news: American <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AAL"><span style="color:#333">(</span><span style=";">AAL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AAL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AAL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AAL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Carnival <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/CCL"><span style="color:#333">(</span><span style=";">CCL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="CCL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="CCL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="CCL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Delta <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/DAL"><span style="color:#333">(</span><span style=";">DAL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="DAL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="DAL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="DAL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Norwegian <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/NCLH"><span style="color:#333">(</span><span style=";">NCLH</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="NCLH" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="NCLH" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="NCLH" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Royal Caribbean <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/RCL"><span style="color:#333">(</span><span style=";">RCL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="RCL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="RCL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="RCL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Southwest <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/LUV"><span style="color:#333">(</span><span style=";">LUV</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="LUV" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="LUV" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="LUV" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and United <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/UAL"><span style="color:#333">(</span><span style=";">UAL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="UAL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="UAL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="UAL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>.</p><p class='black-text'><i>For Sector Performance</i>, sectors on the S&P 500 ended the session mixed, with the few negative performers falling only slightly into the red. Energy <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLE"><span style="color:#333">(</span><span style=";">XLE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, which has extended its pattern of high gains and losses, was the lead performer, increasing over 7%. Financial <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLF"><span style="color:#333">(</span><span style=";">XLF</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLF" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLF" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLF" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Industrials <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLI"><span style="color:#333">(</span><span style=";">XLI</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLI" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLI" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLI" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> rounded out the top spots, gaining over 1%. Real Estate <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLRE"><span style="color:#333">(</span><span style=";">XLRE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLRE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLRE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLRE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> was the biggest loser, falling 0.34%, while Health Care <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLV"><span style="color:#333">(</span><span style=";">XLV</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLV" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLV" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLV" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> was not far behind, sinking 0.30%.</p><p class='black-text'><i>For Commodities and Currency</i>, the <b>U.S. Dollar</b> <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/UUP"><span style="color:#333">(</span><span style=";">UUP</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="UUP" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="UUP" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="UUP" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> bounced off its recent low against other global currencies on Monday as vaccine sentiment remained high. The dollar index was weakened in earlier trade following AstraZeneca's positive vaccine news, but gained as investors were uncertainty due cloudy coronavirus outlook. The dollar index rose 0.2% to 92.60, after earlier declining to 92.013. <b>Gold</b> <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GLD"><span style="color:#333">(</span><span style=";">GLD</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GLD" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GLD" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GLD" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> dipped on Monday after positive vaccine news and U.S. economic data boosted risk sentiment. Spot gold dropped 1.7% to $1,838.61 per ounce, while gold futures slipped 2% to $1,835.50 per ounce. <b>Crude</b> oil futures extended last week's gains on Monday as sentiment turned positive due to coronavirus vaccine outlooks and expectations that OPEC+ may extend a deal to retrain output to support ongoing levels of low demand. International benchmark Brent Crude <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BNO"><span style="color:#333">(</span><span style=";">BNO</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BNO" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BNO" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BNO" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> increased over 2% to $45.89 a barrel, while West Texas Intermediate <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/USO"><span style="color:#333">(</span><span style=";">USO</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="USO" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="USO" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="USO" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> rose 1.51% to $43.06 per barrel. Both oil benchmarks gained 5% over the last week.</p><p class='black-text'>For Tuesday, investors will turn their attention to fresh data for consumer confidence as well as earnings from companies like Dollar Tree <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/DLTR"><span style="color:#333">(</span><span style=";">DLTR</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="DLTR" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="DLTR" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="DLTR" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Best Buy <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BBY"><span style="color:#333">(</span><span style=";">BBY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BBY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BBY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BBY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>.</p> http://www.pws.io/market-update-stocks-gain-on-brighter-vaccine-and-economic-outlooks Mon, 23 Nov 2020 19:34:48 -0500 Rachel Hemple Twitter Fleets: A Snapchat Like Feature that Stumbled at Launch http://www.pws.io/twitter-fleets-a-snapchat-like-feature-that-stumbled-at-launch <p class='black-text'>In a move that brings the firm closer in competition with the likes of Snapchat in Instagram, Twitter <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TWTR"><span style="color:#333">(</span><span style=";">TWTR</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TWTR" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TWTR" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TWTR" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has introduced Fleets, which allows users to post short, "disappearing" videos to their Twitter feed. The feature stumbled on its first day of operation, being plagued with slowdowns and bugs that irritated users.</p><p class='black-text'>The announcement and launch of Fleets took place on Tuesday, starting with a tweet and a post to <a href="https://blog.twitter.com/en_us/topics/product/2020/introducing-fleets-new-way-to-join-the-conversation.html">Twitter's blog</a>. Fleets is similar to Snapchat's Stories feature, and similar derivative features seen on Instagram and Facebook <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/FB"><span style="color:#333">(</span><span style=";">FB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="FB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="FB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="FB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>. Fleets, a term used by Twitter for the intent to share "fleeting thoughts" using the new feature, being able to share text, reactions, or videos that expire after 24 hours.</p><p class='black-text'>"Twitter's purpose is to serve the public conversation - it's where you go to see what's happening and talk about it. But some of you tell us that Tweeting is uncomfortable because it feels so public, so permanent, and like there's so much pressure to rack up Retweets and Likes," <a href="https://blog.twitter.com/en_us/topics/product/2020/introducing-fleets-new-way-to-join-the-conversation.html">Twitter said in its blog post</a>. "Today, we're launching Fleets so everyone can easily join the conversation in a new way - with their fleeting thoughts."</p><p class='black-text'>Confounding the launch of Fleets, however, was the litany of issues that plagued it upon launch. Right on day one, users reported that posted <a href="https://techcrunch.com/2020/11/17/twitters-new-stories-feature-fleets-is-already-struggling/">Fleets were lagging</a> and that their Twitter app was even crashing while trying to use Fleets. The slowdowns and crashes are obvious signs of heavy load on the app, likely a sign that either Twitter hadn't anticipated the traffic that Fleets would receive or didn't prepare adequately.</p><p class='black-text'>Other glitches have been reported as well, with some users reporting that their Fleets were <a href="https://www.vice.com/en/article/qjpbq3/twitter-fleets-harassment-disinformation">visible by users that they had blocked</a>. Concerns have also been raised that Fleets are not being moderated, as some users have noticed hate speech and other controversial content being posted as Fleets without being taken down.</p><p class='black-text'>Twitter's share price didn't seem to react much to the release of Fleets; it can even be argued that it didn't react at all. On Tuesday, when Fleets launched, Twitter managed to squeak by with a 0.8% gain, while on Wednesday, Twitter gained about the same and managed a 1.1% gain on Thursday. Looking at the behavior of Twitter's share price over the few days since Fleets' launch, it's apparent that Investors either aren't excited by Fleets or don't know what to make of it.</p> http://www.pws.io/twitter-fleets-a-snapchat-like-feature-that-stumbled-at-launch Mon, 23 Nov 2020 18:37:34 -0500 Michael Mooney Company Profile: Nike http://www.pws.io/company-profile-nike <p class='black-text'>Nike <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/NKE"><span style="color:#333">(</span><span style=";">NKE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="NKE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="NKE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="NKE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, a company that is known for primarily selling foot apparel, has been lately attempting to appeal to its consumers more directly through the usage of direct-to-consumer sales rather than business-to-business retailer models. The sports company is known for designing apparel that is utilized for athletic reasons, although there are many purposes that the company could serve.</p><p class='black-text'>Nike has many places of business throughout the world, which include: North America, Western Europe, China, Central and Eastern Europe, and Japan. Although the Nike locations are spread throughout the world, their sole purpose is the same: to attract and sell various types of equipment to interested consumers.</p><p class='black-text'>There are four main categories that Nike has on the market, and they are: footwear, apparel, equipment, and other. Regardless of the type of equipment that is sold by Nike, the business strategy remains the same. Currently, the company is attempting to establish long-term relationships with consumers that will have lasting effects, and thus, create bonds that will compel consumers to buy even more products once the process is started.</p><p class='black-text'>Since 2018, Nike has grown and desired to impact customers more directly as a marketing strategy in order to bring about the Consumer Direct Acceleration, a phase in which the company engages more digitally with consumers, thus allowing the company to become more closely and deeply bonded with customers as a whole, primarily for marketing and business purposes.</p><p class='black-text'>Nike's outlook is based on these particular market strategies, although engaging from both a relational and technical standpoint, are not guaranteed to work in 2021 or future years to come. Although Nike is currently doing fairly well, with the economic situation at an all-time low, the situation may be looking grimmer than usual. Nike has put a good deal of effort toward its marketing techniques, and, while teens (one of the most renowned populations for purchasing Nike apparel) are still buying apparel as well as other sports equipment from them, they are not buying nearly as much as they have in past years. The stock market situation is thought to be less than favorable, but Nike is nevertheless still thriving, and, much like the unpredictability of the economy, could turn around in the future at any given time.</p> http://www.pws.io/company-profile-nike Mon, 23 Nov 2020 14:05:55 -0500 Stephanie Williams Chinese President Xi Calls G20 Countries to Develop Central Bank Digital Currencies http://www.pws.io/chinese-president-xi-calls-g20-countries-to-develop-central-bank-digital-currencies <p class='black-text'>Last week, <a href="https://www.fmprc.gov.cn/mfa_eng/zxxx_662805/t1834379.shtml">Chinese President Xi Jinping</a> told G20 meeting attendees that the world's largest developed economies should be open to central bank digital currencies (CBDCs) when developing standards for the innovative concept. In a wide-ranging virtual speech that addressed the future of the global economy in the wake of the COVID-19 pandemic, Xi asserted the G20 "needs to discuss developing standards and principles for central bank digital currencies with an open and accommodating attitude." He stated: "The G20 also needs to discuss developing the standards and principles for central bank digital currencies with an open and accommodating attitude, and properly handle all types of risks and challenges while pushing collectively for the development of the international monetary system." As China becomes one of the first countries to recover from the recession, it could increasingly play a leadership role especially in the digital space, including CBDCs.</p><p class='black-text'><b>Here is the rest of the week in review:</b></p><p class='black-text'><a href="https://www.coindesk.com/circle-usdc-venezuela-airtm">Circle </a>announced Friday it is working with the U.S. government to bypass Venezuela's leader Nicolás Maduro and support Juan Guaidó's Bolivarian Republic. The fintech giant said it is using the USDC stable coin it issues with Coinbase to distribute relief funds to medical workers and other Venezuelan people. CEO Jeremy Allaire told CoinDesk the initiative is Circle's first government partnership: "The partnership, obviously, is with the exiled government. The history here is many countries, including the United States, recognize President-elect Juan Guaidó as the president of Venezuela." The U.S. Treasury has been trying to send Venezuelan government funds directly to residents, but Maduro's rules make the task difficult. Allaire did not specify which department is working with Circle but noted Circle was licensed to distribute funds with USDC. According to a blog post, the Treasury Department and the Federal Reserve deposit funds seized by the U.S. into a U.S. bank account tied to the Guaidó government, which converts the funds into USDC that Circle then sends to payments startup Airtm, which distributes USDC to half a million Venezuelan mobile digital wallet users.</p><p class='black-text'><a href="https://www.coindesk.com/blackrock-exec-says-bitcoin-could-replace-gold-to-a-large-extent">BlackRock's </a><nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BLK"><span style="color:#333">(</span><span style=";">BLK</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BLK" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BLK" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BLK" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> CIO of Fixed Income Rick Rieder said Bitcoin (BTC) could take the place of gold to a large extent because crypto is "so much more functional than passing a bar of gold around." The fixed income chief at the world's largest asset manager told CNBC's Squawk Box on Friday in response to a question asking if governments might try to regulate Bitcoin if it keeps appreciation: "I think cryptocurrency's here to stay, I think it is ... durable." He added that as global central banks start developing digital currencies, millennial investors' receptivity to technology and cryptocurrency "is real, digital payments systems is real." He added he thinks Bitcoin's blockchain could be a "durable mechanism" that eventually replaces gold to a large extent because it is more functional. Rieder conceded he is not a Bitcoin bull and does not own much of the asset in business and corporate portfolios.</p><p class='black-text'>Crypto prices surged to $535.7 billion this week, extending a fourth quarter monster rally. For the majors, Ripple (XRP), Cardano (ADA), and Litecoin (LTC) saw outsized gains, and all but Tether (USDT) ended in the green. In the top 100, the biggest losers were Quant (QNT), down 19%, ABBC Coin (ABBC), down 17%, and Blockstack (STX), down 16%. The biggest gainers were Waves (WAVES), up a whopping 67%, Ripple, up 66%, and Numeraire (NMR), up 42%. Next week traders will watch if Bitcoin breaks $19,000.</p><p class='black-text'><i>The author owns a small amount of BTC and LTC.</i></p> http://www.pws.io/chinese-president-xi-calls-g20-countries-to-develop-central-bank-digital-currencies Mon, 23 Nov 2020 13:54:24 -0500 Eric Yao Six Companies Publicly Debut Ahead of U.S. Thanksgiving Holiday http://www.pws.io/six-companies-publicly-debut-ahead-of-us-thanksgiving-holiday <p class='black-text'>Ahead of the shortened holiday week for the stock market, six initial public offerings (IPO) went public last week successfully, with every new stock soaring about their initial price. While the week ahead is cooled off, with only one company set to debut, new IPO filings continue to pour in, setting up December to be packed with highly anticipated unicorns like DoorDash, Airbnb and Wish.</p><p class='black-text'>Last week, <b>Maravai LifeSciences Holdings, Inc.</b> <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/MRVI"><span style="color:#333">(</span><span style=";">MRVI</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="MRVI" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="MRVI" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="MRVI" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> priced its upsized offering at the high end of its range at $27 per share to raise $1.62 billion, which was the biggest offering of the week. The research testing service provider is highly profitable and demonstrated accelerated growth throughout 2020 due to the coronavirus pandemic. Maravai finished its first week up 11%.</p><p class='black-text'><b>Sotera Health Co.</b> <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SHC"><span style="color:#333">(</span><span style=";">SHC</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SHC" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SHC" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SHC" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> also priced its shares at the high end of its range at $23 each to raise over $1 billion in debut. The provider of sterilization services has experienced some downturns due to the coronavirus pandemic, but continues to be profitable with expanding margins and strong free cash flow. The stock ended the week up 9%.</p><p class='black-text'><b>Yatsen Holding Ltd. </b><nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/YSG"><span style="color:#333">(</span><span style=";">YSG</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="YSG" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="YSG" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="YSG" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> continued the trend, pricing its shares at the high end of its range at $10.50 per share to raise an offering of $617 million. The Chinese cosmetics producer and merchant operates under popular brands, including The Perfect Diary and Abby's Choice. While the company has been impacted by the coronavirus pandemic, it has still experienced growth. Yatsen finished its first week up 91%.</p><p class='black-text'><b>Telos Corp. </b><nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TLS"><span style="color:#333">(</span><span style=";">TLS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TLS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TLS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TLS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> priced its upsized offering at the midpoint of $17 per share, rising over $254 million. The cybersecurity product provider offers software based security solutions, with the U.S. government accounting for more than 90% of the company's 2019 revenue. The company end the week up 12%.</p><p class='black-text'>Last week's top performer was <b>Olema Pharmaceuticals, Inc.</b> <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/OLMA"><span style="color:#333">(</span><span style=";">OLMA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="OLMA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="OLMA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="OLMA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, which priced its upsized offering above its initial range at $19 per share to raise $209 million in its debut. The oncology biotech is currently developing a targeted therapy for metastatic breast cancer that can be administered orally instead of injected intramuscularly. Olema's lead candidate is currently in Phase I/II trial, with initial data expected in the second half of 2021. The biotech soared 157% in its first week.</p><p class='black-text'><b>NeoGames S.A.</b> <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/NGMS"><span style="color:#333">(</span><span style=";">NGMS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="NGMS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="NGMS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="NGMS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> priced its shares above the range at $17 each to raise about $82 million in its debut. The Israeli company provides technology, gaming, and operational services to lottery operators in North America and Europe. The company finished up 22% for the week.</p><p class='black-text'>There's only one company planned to publicly debut in the week ahead, <b>Ozon Holdings PLC </b><nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/OZON"><span style="color:#333">(</span><span style=";">OZON</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="OZON" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="OZON" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="OZON" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, planning to raise $948 million from 30 million shares priced between $22.50 to $27.50 each. The Russian e-commerce company is currently unprofitable and may see reduced consumer demand due to the coronavirus pandemic, but has demonstrated strong GMV growth in both 2019 and the first nine months of 2020.</p> http://www.pws.io/six-companies-publicly-debut-ahead-of-us-thanksgiving-holiday Mon, 23 Nov 2020 13:44:50 -0500 Rachel Hemple Market Update: Stocks Fall as Investors Prepare for Harsh Winter http://www.pws.io/market-update-stocks-fall-as-investors-prepare-for-harsh-winter <p class='black-text'>Stocks fell throughout Friday's session as raising coronavirus cases reignited fear sentiment as more U.S. states and cities imposed social restrictions that threaten business activity and economic recovery. Market participants also were concerned over an apparent disagreement between the U.S. Treasury Department and the Federal Reserve over the renewal of some pandemic emergency lending programs.</p><p class='black-text'>Dampening sentiment even further, JPMorgan economists noted on Friday that coronavirus-related restrictions will likely lead to an economic contraction in the first quarter of 2021. The firm become Wall Street's first to forecast negative G.D.P. growth for the start of the year, expecting a 1% contraction.</p><p class='black-text'>Yet, investors were encouraged by the steady flow of positive vaccine news issued throughout the week. On Friday, Pfizer <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/PFE"><span style="color:#333">(</span><span style=";">PFE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="PFE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="PFE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="PFE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and BioNTech <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BNTX"><span style="color:#333">(</span><span style=";">BNTX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BNTX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BNTX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BNTX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> filed for an emergency use approval (E.U.A.) from the U.S. Food and Drug Administration (F.D.A.) for their coronavirus vaccine candidate. The F.D.A. is set to make a decision regarding that E.U.A. proposal in early December.</p><p class='black-text'>For the week, the Dow and S&P 500 posted their first weekly declines in three weeks, with the Dow falling 0.7% and the S&P dropping 0.8%. The Nasdaq ended the week with a surprise gain of 0.2%.</p><p class='black-text'><b>Here's how the market settled to close out the week: </b></p><p class='black-text'>S&P 500 Index <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SPY"><span style="color:#333">(</span><span style=";">SPY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SPY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SPY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SPY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>: -0.68% or -24.25 points to 3,557.62</p><p class='black-text'>Dow Jones Industrial Average <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/DIA"><span style="color:#333">(</span><span style=";">DIA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="DIA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="DIA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="DIA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>: -0.75% or -219.95 points to 29,263.15</p><p class='black-text'>Nasdaq Composite Index <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/QQQ"><span style="color:#333">(</span><span style=";">QQQ</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="QQQ" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="QQQ" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="QQQ" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>: -0.42% or -49.74 points to 11,854.97</p><p class='black-text'>For Stock News, Zoom Video <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/ZM"><span style="color:#333">(</span><span style=";">ZM</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="ZM" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="ZM" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="ZM" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares rallied on Friday as more coronavirus restrictions were initiated throughout the United States. Mega-cap tech names had a tough time gaining amid Friday's broad sell off, with Amazon <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AMZN"><span style="color:#333">(</span><span style=";">AMZN</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AMZN" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AMZN" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AMZN" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Apple <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AAPL"><span style="color:#333">(</span><span style=";">AAPL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AAPL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AAPL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AAPL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Facebook <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/FB"><span style="color:#333">(</span><span style=";">FB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="FB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="FB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="FB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Google <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GOOGL"><span style="color:#333">(</span><span style=";">GOOGL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GOOGL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GOOGL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GOOGL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Microsoft <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/MSFT"><span style="color:#333">(</span><span style=";">MSFT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="MSFT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="MSFT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="MSFT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> all falling lower.</p><p class='black-text'><i>For Stock Performance</i>, all sectors on the S&P 500 finished in the red, with Utilities <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLV"><span style="color:#333">(</span><span style=";">XLV</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLV" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLV" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLV" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> falling slightly into negative territory in last minute trading. Information Technology <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLK"><span style="color:#333">(</span><span style=";">XLK</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLK" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLK" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLK" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> fell the most at over 1%, while Industrials <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLI"><span style="color:#333">(</span><span style=";">XLI</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLI" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLI" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLI" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Financials <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLF"><span style="color:#333">(</span><span style=";">XLF</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLF" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLF" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLF" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> were not too far behind.</p><p class='black-text'><i>For Commodities and Currency</i>, the <b>U.S. Dollar </b><nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/UUP"><span style="color:#333">(</span><span style=";">UUP</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="UUP" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="UUP" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="UUP" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> fell to a more than one-week low on Friday as investors focused on the near-term possibility of additional coronavirus stimulus. The dollar index was down 0.1% to 92.281, falling for eight out of the last 10 sessions. <b>Gold</b> <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GLD"><span style="color:#333">(</span><span style=";">GLD</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GLD" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GLD" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GLD" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> prices rose higher after the U.S. Treasury Secretary signaled that more stimulus will be negotiated. Spot gold rose 0.3% to $1,872.95 per ounce, but was down 0.8% for the week. Gold futures settled 0.7% higher to $1,872.40 per ounce. <b>Crude</b> oil futures increased on Friday, posting their third consecutive weekly rise, as coronavirus vaccine optimism boosted prices. International benchmark Brent Crude <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BNO"><span style="color:#333">(</span><span style=";">BNO</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BNO" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BNO" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BNO" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> increased 1.3% to $44.79 per barrel, while West Texas Intermediate's contract for December was 0.98% higher at $42.15 per barrel. Both benchmarks were up over 4% for the week.</p><p class='black-text'><i>For the week ahead</i>, market participants will be focused on two issues: coronavirus restrictions imposed before the U.S. Thanksgiving holiday on Thursday and economic recovery signs like further stimulus and vaccine news.</p> http://www.pws.io/market-update-stocks-fall-as-investors-prepare-for-harsh-winter Fri, 20 Nov 2020 23:42:28 -0500 Rachel Hemple 737 Max Cleared to Fly Again http://www.pws.io/737-max-cleared-to-fly-again <p class='black-text'>Boeing's <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BA"><span style="color:#333">(</span><span style=";">BA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> 737 Max, which has been the center of a massive scandal since the 2018 crash of an Indonesia based jet, has finally been cleared to fly again. The scandal has prompted changes in legislation, and the return to service has caused an outcry from the families of victims of the two crashes.</p><p class='black-text'>It's been just under two years since the 737 Max was grounded following two crashes that prompted a slew of investigations and litigation. In the wake of the two crashes, it was discovered that the "Maneuvering Control Augmentation System," or MCAS, was taking control of planes and causing them to stall. MCAS, which was intended to avoid incidents where the plane's nose would veer too far upward due to the different engines on the 737 Max compare to similar models, was deeply flawed, taking control away from pilots situations where it shouldn't have.</p><p class='black-text'>On Wednesday, the <a href="https://www.reuters.com/article/us-boeing-737max-changes-factbox/factbox-key-changes-to-boeings-737-max-after-fatal-crashes-idUSKBN27X33M">FAA finally cleared the 737 Max to return to service</a>. MCAS remains aboard the 737 Max, although with new features intended to avoid similar mishaps that claimed over 300 people's lives. The process has been long and complicated for Boeing, whose reputation has been severely impacted by the scandal. The 20-month grounding and subsequent recertification process has <a href="https://www.cnn.com/2020/11/18/business/boeing-737-max-approval/index.html">cost the company $20 billion</a>.</p><p class='black-text'>There was little fanfare when the announcement was made, as there is little to celebrate despite the plane's return to service. Not only does the 737 Max still require approval from other aviation regulators aboard, but the ongoing coronavirus pandemic has also driven demand for air travel to record lows. With many jets already grounded due to cratering demand, the 737 Max's reintroduction couldn't have come at a worse time.</p><p class='black-text'>The recertification has also drawn criticism, particularly from the families of victims who perished in the two 737 Max accidents.</p><p class='black-text'>"The plane is inherently unstable, and it is unairworthy without its software," <a href="https://www.cnn.com/2020/11/18/business/boeing-737-max-approval/index.html">said the father of a victim who died in the 2019 Ethiopian Airlines crash.</a> "They haven't fixed it so far. The flying public should avoid the Max in the future. Change your flight."</p><p class='black-text'>The recertification of the plane also coincides with the approval of legislation resulting from the crashes. On the same day as the announcement, the House of Representatives approved legislation to <a href="https://www.reuters.com/article/us-boeing-737max-faa/house-passes-bill-to-reform-plane-certification-process-after-two-boeing-737-max-crashes-idUSKBN27X330">reform the certification process.</a></p> http://www.pws.io/737-max-cleared-to-fly-again Fri, 20 Nov 2020 12:46:51 -0500 Michael Mooney Paypal Tops Earnings, Forecast Falls Short of Expectations http://www.pws.io/paypal-tops-earnings-forecast-falls-short-of-expectations <p class='black-text'>PayPal <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/PYPL"><span style="color:#333">(</span><span style=";">PYPL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="PYPL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="PYPL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="PYPL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> topped earnings and revenue forecast for the third quarter, however, shares ended slightly lower as the company's fourth-quarter guidance came in below expectations. PayPal has been a big winner off the March lows, climbing more than 100% as the pandemic led to a surge in eCommerce and digital payments. Many eCommerce companies reported that the pandemic led to years of growth being pulled forward in months.</p><p class='black-text'>While PayPal's stock was a big winner following the March bottom, like many tech stocks, it's been range-bound since July, trading between $175 and $210. The price action, following a strong earnings report, clearly indicates that good news is priced into the stock. Yet, on a long-term basis, it's hard to imagine PayPal not doing well if eCommerce and digital wallets keep growing at the same rate.</p><p class='black-text'><i>Inside the Numbers</i></p><p class='black-text'>In the third quarter, PayPal reported $5.46 billion in revenue which was slightly better than expectations of $5.43 billion. Earnings per share came in at $1.07 which beat analysts' expectations of $0.94.</p><p class='black-text'>Another bright spot for PayPal was the growth in total payment volume to $247 billion which is a 38% increase from 2019's Q3. In the quarter, there were a total of 4 billion payments which is a 30% increase. For the full-year, PayPal expects payment volume to grow to 30%. Another bright spot was Venmo which saw volumes increase by 61% to $44 billion and was an acceleration from 52% growth.</p><p class='black-text'>Another metric showing growth was payment transactions per active account which reached 40.1 from 39.2. In sum, PayPal is adding users, each users' account size is growing, transactions per user is growing, and the total transaction size is increasing as well.</p><p class='black-text'><i>Stock Price Outlook</i></p><p class='black-text'>The company also gave updates on growth initiatives like letting users buy a cryptocurrency and a credit card linked to Venmo accounts. Based on Square's <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SQ"><span style="color:#333">(</span><span style=";">SQ</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SQ" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SQ" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SQ" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> efforts with similar endeavors, these should drive growth and more activity on the platform.</p><p class='black-text'>In terms of its stock price outlook, PayPal is similar to many tech stocks. The underlying business remains attractive and will grow regardless of economic conditions. However, there are valuation concerns and most of the good news is priced in, including the acceleration in growth due to the coronavirus.</p><p class='black-text'>Further, the news of the coronavirus vaccine may trigger a rotation from growth to value stocks. So, while the long-term outlook for PayPal remains attractive, investors should remain patient before initiating a position.</p> http://www.pws.io/paypal-tops-earnings-forecast-falls-short-of-expectations Fri, 20 Nov 2020 12:41:34 -0500 Jaimini Desai Francesca’s Closing 140 Stores, May File for Bankruptcy http://www.pws.io/francescas-closing-140-stores-may-file-for-bankruptcy <p class='black-text'>Clothing retailer Francesca's <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/FRAN"><span style="color:#333">(</span><span style=";">FRAN</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="FRAN" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="FRAN" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="FRAN" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> is closing 140 stores across the country as it struggles with its finances amid the coronavirus pandemic. The company has stated that it is looking at additional options to stabilize its finances, up to and including bankruptcy.</p><p class='black-text'>Like many retailers, Francesca's finances have been badly hurt by the coronavirus pandemic. The company's situation has deteriorated badly, to the point where it is closing 140 stores by next year. The closures will run up a bill of about $29 million to $33 million, and it may not be enough to help the company stay afloat.</p><p class='black-text'>"If the Company is unable to raise sufficient additional capital to continue to fund operations and pay its obligations, the Company will likely need to seek a restructuring under the protection of applicable bankruptcy laws," <a href="https://www.cnbc.com/2020/11/16/francescas-will-close-140-stores-may-file-for-bankruptcy.html">Francesca's said in an 8-K filing.</a></p><p class='black-text'>Francesca's would join the ranks of other retailers forced into bankruptcy by the pandemic, including JC Penny <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/JCPNQ"><span style="color:#333">(</span><span style=";">JCPNQ</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="JCPNQ" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="JCPNQ" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="JCPNQ" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Neiman Marcus, Stein Mart <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SMRTQ"><span style="color:#333">(</span><span style=";">SMRTQ</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SMRTQ" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SMRTQ" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SMRTQ" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Lord & Taylor, and Brooks Brothers. Some of those that have declared bankruptcy have been able to secure buyers and will continue operations in a reduced capacity. JC Penny is one such retailer, being bought by Brookfield Property Partners <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BPY"><span style="color:#333">(</span><span style=";">BPY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BPY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BPY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BPY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Simon Property Group <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SPG"><span style="color:#333">(</span><span style=";">SPG</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SPG" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SPG" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SPG" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>. Others, such as Stein Mart and Lord & Taylor, have been forced to shutter completely, with Lord & Taylor's new owners stating that the company would go completely online.</p><p class='black-text'>The pandemic has been a nightmare for Francesca's financial situation, as well as its stock. The company has lost roughly 74% of its market value, year to date. The company retains a market value of just $7.2 million, a far cry from a year ago. News of the closures and potential bankruptcy badly rattled investors, causing Francesca's to lose 29% of its share value during trading on Monday, plummeting it $2.52 from an opening price of $3.53.</p> http://www.pws.io/francescas-closing-140-stores-may-file-for-bankruptcy Fri, 20 Nov 2020 12:36:20 -0500 Michael Mooney Spotify Expands Moves to Capitalize on Podcasts http://www.pws.io/spotify-expands-moves-to-capitalize-on-podcasts <p class='black-text'>Spotify <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SPOT"><span style="color:#333">(</span><span style=";">SPOT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SPOT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SPOT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SPOT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, a music streaming company that sells and shares podcasts as well as other forms of media, has most recently announced that it would like to invest in Megaphone, a company that serves as a host for advertising purposes. Megaphone would serve as a promoting tool for Spotify, while still placing Spotify as the primary source of influence and creator of marketing strategies.</p><p class='black-text'>While engaging in such marketing risks, and simultaneously foreseeing their potential, Spotify will hopefully be more readily able to discern information regarding its company (listener and buyer information) as well as more specific information regarding its platform.</p><p class='black-text'>Spotify differs from other advertising agencies, in that it knows more specific information about its users than most other platforms. It tailors to the audience members' interests, likes, and dislikes in profound ways. The advertisements that are brought through Spotify can be referred to as SAI (Streaming Ad Insertion) technology, which the company introduced in January 2020. Megaphone, formerly known as Panoply Media, has more recently reformatted its business in order to focus more on its technological aspect.</p><p class='black-text'>With Spotify's acquisition of Megaphone, SAI marketing will able to reach even more monthly listeners, thus permitting Spotify to become even more popularized.</p><p class='black-text'>The deal with Megaphone and Spotify costs approximately $235 million, and the primary value in having both companies combined would be that the advertising would be more marketable and strategic, appealing to even more of listeners' interests. It is estimated to appeal to approximately 60,000 individuals across America, especially catered to millennial women. Megaphone's ultimate goal is to help Spotify obtain the tools available for advertising purposes, and to enhance other such advertising technologies.</p><p class='black-text'>Overall, the combined forces of Megaphone with Spotify are predicted to improve engagement rates by 22%, and advertising revenue is expected to pick up by 100%. It will enable streaming companies to become available to third-party podcast publishers, and to utilize the SAI system so that advertisers can purchase targeted podcast spots. Because of this new feature from Spotify, advertisers will be able to purchase spots for podcasts.</p><p class='black-text'>The Megaphone's revenues have dramatically improved from prior years, in spite of initial decreases at the beginning of 2020. The combination of Spotify with Megaphone is predicted to be a success for the music streaming platform, no matter what the risks or costs associated with it, which will in turn allow users to further enjoy the services.</p> http://www.pws.io/spotify-expands-moves-to-capitalize-on-podcasts Fri, 20 Nov 2020 12:33:30 -0500 Stephanie Williams Oxford, AstraZeneca Vaccine Produces Similar Immune Responses Across all Age Groups http://www.pws.io/oxford-astrazeneca-vaccine-produces-similar-immune-responses-across-all-age-groups <p class='black-text'>The coronavirus vaccine developed by the University of Oxford and the drugmaker AstraZeneca <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AZN"><span style="color:#333">(</span><span style=";">AZN</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AZN" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AZN" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AZN" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> was found to trigger a similar immune response across all adult age groups, according to preliminary data <a href="https://www.thelancet.com/journals/lancet/article/PIIS0140-6736(20)32466-1/fulltext">published in </a><i><a href="https://www.thelancet.com/journals/lancet/article/PIIS0140-6736(20)32466-1/fulltext">The Lancet</a></i> on Thursday.</p><p class='black-text'>The vaccine's Phase II trial consisted of 560 healthy adult volunteers--160 aged 18-55, 160 aged 56-69, and 270 aged 70 and above--receiving either two doses of the vaccine or two shots of an inert placebo 28 days apart. Preliminary data analysis found that that potential vaccine produces a similar immune system response across all adult age groups, with no serious side effects.</p><p class='black-text'>The study is slightly different from those conducted by other coronavirus vaccine frontrunners, for researchers focused on testing the immune responses of older adults, which is a group that has been found to be significantly more vulnerable to severe SARS-CoV- 2 infection. Older adults also experience decreased immune function and are at risk of having underlying health conditions, so an effective vaccine is for this age group is extremely important.</p><p class='black-text'>The vaccine's developers are currently conducting a Phase III, or late-stage, clinical trial of the drug to test whether or not the vaccine is safe and effective at preventing coronavirus infections in a diverse group of volunteers, including participants with underlying health conditions.</p><p class='black-text'>Oxford Vaccine Groups'd Director Dr. Andrew Pollard told reporters on Thursday that it is still too early in the study's research to tell whether or not the vaccine to protect against the virus.</p><p class='black-text'>"We're still waiting to get to the point where we can do the analysis to just work out how well the vaccine can protect people, and we're getting ever closer to that," Pollard told reporters, <a href="https://www.reuters.com/article/idUSKBN27Z0PL">quoted by</a><i><a href="https://www.reuters.com/article/idUSKBN27Z0PL"> Reuters</a></i>. "We are optimistic that we'll be able to do that before Christmas, and obviously we'll share that with you as soon as we can at that point."</p><p class='black-text'>The Oxford/AstraZeneca vaccine's technology differs from other frontrunners like Pfizer <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/PFE"><span style="color:#333">(</span><span style=";">PFE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="PFE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="PFE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="PFE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>/BioNTech <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BNTX"><span style="color:#333">(</span><span style=";">BNTX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BNTX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BNTX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BNTX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Moderna <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/MRNA"><span style="color:#333">(</span><span style=";">MRNA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="MRNA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="MRNA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="MRNA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, for the vaccine uses a modified version of the a virus similar to the common cold instead of a manufactured messenger RNA.</p><p class='black-text'><i>Remdesivir Update</i></p><p class='black-text'>The World Health Organization (W.H.O.) on Thursday advised global health care workers against using Gilead Sciences's <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GILD"><span style="color:#333">(</span><span style=";">GILD</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GILD" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GILD" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GILD" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> antiviral drug remdesivir--commercially named Veklury--as a treatment for patients hospitalized for their coronavirus infection. The global health agency's Guideline Development Group stated that there is currently "no evidence" that supports the use of the drug to improve survival rates or shorten infection recovery time.</p><p class='black-text'>The G.D.G. "concluded that remdesivir has no meaningful effect on mortality or on other important outcomes for patients, such as the need for mechanical ventilation or time to clinical improvement, the W.H.O. announced in a <a href="http://press.psprings.co.uk/bmj/november/remdesivir.pdf">published review in the journal </a><i><a href="http://press.psprings.co.uk/bmj/november/remdesivir.pdf">The BMJ</a></i>. The new recommendation is based on the W.H.O.'s SOLIDARITY trial, which compared the effects of several potential coronavirus treatments from four randomized trials that involved over 7,000 hospitalized patients.</p><p class='black-text'>Yet, the W.H.O.'s findings contradict other global health experts, most <a href="https://www.pws.io/gileads-remdesivir-becomes-first-fda-approved-coronavirus-treatment">notably</a> the U.S. Food and Drug Administration (F.D.A.); remdesivir is the only F.D.A. approved drug for the treatment of hospitalized coronavirus patients over the age of 12.</p><p class='black-text'>Gilead <a href="https://www.gilead.com/news-and-press/company-statements/gilead-sciences-statement-on-updated-veklury-covid19-treatment-guidelines">issued in a statement</a> that remdesivir "is recognized as a standard of care for the treatment of hospitalized patients with Covid-19 in guidelines from numerous credible national organizing, including the U.S. National Institutes of Health and Infectious Diseases Society of America, Japan, U.K., and Germany. These recommendations are based on the robust evidence from multiple randomized, controlled studies published in peer-reviewed journals...We are disappointed that W.H.O. guidelines appear to ignore this evidence."</p> http://www.pws.io/oxford-astrazeneca-vaccine-produces-similar-immune-responses-across-all-age-groups Fri, 20 Nov 2020 00:05:01 -0500 Rachel Hemple Market Update: Stocks Close Slightly Higher as U.S. Stimulus Talks Return http://www.pws.io/market-update-stocks-close-slightly-higher-as-us-stimulus-talks-return <p class='black-text'>Stocks closed slightly higher on Thursday as market participants moved into major tech names as a hedge against coronavirus outbreak uncertainties. The S&P and Down reversed earlier losses in afternoon trading after Senate Minority Leader Chuck Schumer stated that Majority Leader Mitch McConnell had agreed to resume U.S. economic stimulus negotiations as soon as this week. Stocks were also boosted on Thursday from preliminary data from AstraZeneca's <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AZN"><span style="color:#333">(</span><span style=";">AZN</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AZN" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AZN" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AZN" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Oxford University's coronavirus vaccine candidate triggered a similar immune response across all adult age groups.</p><p class='black-text'>Meanwhile, the Labor Department's fresh data on weekly jobless claims showed an unexpected jump in filings as raising coronavirus cases in the U.S. continued to weigh on labor market recovery. New unemployment claims totaled 742,000 for the week ended Nov. 14, which was above last week's upwardly revised total of 711,000 and consensus economists expectations. Continued jobless claims fell to its lowest level since mid-March, totaling a better-than-expected 6.371 million. However, that positive total comes amid a rising number of Americans begin filing for longer-term unemployment benefits.</p><p class='black-text'><b>Here's how the market settled on Thursday: </b></p><p class='black-text'>S&P 500 Index <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SPY"><span style="color:#333">(</span><span style=";">SPY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SPY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SPY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SPY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>: +0.39% or +14.08 points to 3,581.87</p><p class='black-text'>Dow Jones Industrial Average <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/DIA"><span style="color:#333">(</span><span style=";">DIA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="DIA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="DIA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="DIA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>: +0.15% or +44.68 points to 29,483.10</p><p class='black-text'>Nasdaq Composite Index <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/QQQ"><span style="color:#333">(</span><span style=";">QQQ</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="QQQ" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="QQQ" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="QQQ" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>: +0.87% or +103.11 points to 11,904.71</p><p class='black-text'><i>For Stocks</i>, Tesla <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TSLA"><span style="color:#333">(</span><span style=";">TSLA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TSLA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TSLA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TSLA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares surged to a record high during Thursday's session, following a broad rally among new electric vehicle companies. Mega-cap tech shares also made modest gains: Amazon <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AMZN"><span style="color:#333">(</span><span style=";">AMZN</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AMZN" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AMZN" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AMZN" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Apple <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AAPL"><span style="color:#333">(</span><span style=";">AAPL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AAPL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AAPL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AAPL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Facebook <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/FB"><span style="color:#333">(</span><span style=";">FB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="FB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="FB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="FB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Google <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GOOGL"><span style="color:#333">(</span><span style=";">GOOGL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GOOGL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GOOGL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GOOGL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Microsoft <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/MSFT"><span style="color:#333">(</span><span style=";">MSFT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="MSFT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="MSFT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="MSFT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>.</p><p class='black-text'><i>For Sector Performance</i>, almost every sector gained during Thursday's session, with only defense stocks like Utilities <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLU"><span style="color:#333">(</span><span style=";">XLU</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLU" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLU" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLU" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Health Care <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLV"><span style="color:#333">(</span><span style=";">XLV</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLV" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLV" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLV" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> falling into negative territory. Energy <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLE"><span style="color:#333">(</span><span style=";">XLE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, which has wildly swung from highs and lows for several sessions, rose the highest following the reignition of stimulus talks, rising over 1%. Mega-cap sectors--Information Technology <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLK"><span style="color:#333">(</span><span style=";">XLK</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLK" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLK" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLK" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Communication Services <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLC"><span style="color:#333">(</span><span style=";">XLC</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLC" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLC" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLC" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Consumer Discretionary <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLY"><span style="color:#333">(</span><span style=";">XLY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>--were the other high performance gainers.</p><p class='black-text'><i>For Commodities and Currency</i>, the <b>U.S. Dollar</b> <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/UUP"><span style="color:#333">(</span><span style=";">UUP</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="UUP" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="UUP" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="UUP" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> fell for its sixth straight session on Thursday on reports that U.S. coronavirus stimulus negotiations have resumed. The dollar index, which measures the greenback against other global currencies, was down 0.2% at 92.299 after rising slightly earlier in the session. <b>Gold</b> <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GLD"><span style="color:#333">(</span><span style=";">GLD</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GLD" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GLD" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GLD" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> prices fell as coronavirus vaccine developments boosted hopes for a near-term economic rebound, yet the dollar's recent strength and uncertainty surrounding further economic stimulus is weighing on gold. Spot gold declined 0.8% to $1,856.58 per ounce, while gold futures settled 0.9% lower at $1,856.80 per ounce. <b>Crude</b> oil futures slipped on Thursday.as a surge in new coronavirus cases around the world outshadowed positive vaccine news. International benchmark Brent Crude <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BNO"><span style="color:#333">(</span><span style=";">BNO</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BNO" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BNO" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BNO" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> fell 0.32% to $44.20 per barrel, while West Texas Intermediate slipped lower to $41.74 each.</p><p class='black-text'><i>For Friday,</i> market participants will continue to trade based on coronavirus related headlines as more U.S. states enter more restrictions and stimulus talks resume.</p> http://www.pws.io/market-update-stocks-close-slightly-higher-as-us-stimulus-talks-return Thu, 19 Nov 2020 18:43:09 -0500 Rachel Hemple Vaccine News Triggers Growth to Value Rotation http://www.pws.io/vaccine-news-triggers-growth-to-value-rotation <p class='black-text'>In markets, investors are always accounting for the path vs the destination. For example, you may believe a stock is undervalued and should double to be appropriately valued. That is the destination.</p><p class='black-text'>However, you may not immediately go out and buy the stock, because you think it could go down in the near-term. This is the path.</p><p class='black-text'><i>Vaccine News</i></p><p class='black-text'>While this dynamic is persisting under the surface at all times, it's become even more ostensible in recent weeks on the vaccine news and rising case counts. Based on the current trajectory of the coronavirus - its nearly, exponential growth and the continued resistance to masks and social distancing, winter weather, holiday travel, and gatherings - the situation Is going to get worse. Already, it's showing up in high-frequency economic data which shows that spending and activity are decreasing in hard-hit areas.</p><p class='black-text'>At the same time, we have received very positive vaccine news. Pfizer <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/PFE"><span style="color:#333">(</span><span style=";">PFE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="PFE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="PFE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="PFE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Moderna <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/MRNA"><span style="color:#333">(</span><span style=";">MRNA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="MRNA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="MRNA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="MRNA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> both reported more than a 90% success rate, This is undoubtedly good for humanity and the economy. In essence, about a couple of weeks ago, the consensus was that the world would return to normal sometime in 2022. Now, it's looking like the world could return to normal sometime in 2021.</p><p class='black-text'><i>Growth to Value</i></p><p class='black-text'>The news has also triggered a rotation from growth to value. The WFH economy and low-growth, COVID world were a boon for growth stocks. They saw their revenues accelerate, pulling forward years of growth. Further, the Federal Reserve policy led to multiple expansions for these stocks as well. Sectors like digital payments and eCommerce will continue to grow regardless of the macroeconomy.</p><p class='black-text'>In contrast, value stocks are more connected to economic growth, while certain industries like hotels, casinos, and airlines are connected to the public health situation. A coronavirus vaccine means that the world is going to return to normal quicker than anticipated. Growth will bounce back. This is benefitting value sectors like financials and energy.</p><p class='black-text'>However, the biggest winners are the sectors that will see a "return to normal" like travel. These were doing well before COVID and there will likely be massive pent-up demand for people to travel, visit family, and take vacations once the vaccine hits critical mass. Another area that will benefit is retail REITs like Simon Property Group <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SPG"><span style="color:#333">(</span><span style=";">SPG</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SPG" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SPG" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SPG" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>.</p><p class='black-text'>There is also a tremendous disconnect that could also lead to more upside for these stocks. For example, all the U.S. airline stocks, cumulatively, are worth $120 billion. In contrast, several tech stocks are worth more than that. Same with casinos and hotels. Small rotations from tech to these sectors could lead to big gains for travel stocks.</p><p class='black-text'><i>Conclusion</i></p><p class='black-text'>In the short-term, investors should look at travel and retail REITs as these will have the most aggressive bounces. In the long-term, investors should consider financials and energy. These have the most upside given that they have the most attractive valuations.</p> http://www.pws.io/vaccine-news-triggers-growth-to-value-rotation Thu, 19 Nov 2020 12:29:44 -0500 Jaimini Desai Nostalgia-Based Marketing Campaigns Trending During Pandemic http://www.pws.io/nostalgia-based-marketing-campaigns-trending-during-pandemic <p class='black-text'>As consumers may have noticed, many companies (especially ones selling food items) have trended toward the angle of "nostalgia" recently, bringing back some familiar mascots that had previously been put to rest. Nostalgia is defined as a longing for a past, typically associated with a mixture of happiness and sentimentality.</p><p class='black-text'>Experts who have weighed in on the nostalgia-based marketing trend suggest that campaigns focused on the emotional state can be "<a href="https://www.businessinsider.com/brands-like-chips-ahoy-burger-king-are-leaning-on-nostalgia-2020-10" target="_blank">reassuring</a>" amid a pandemic that has many consumers yearning for an era before the times of health and safety concerns, social distancing, and economic uncertainty.</p><p class='black-text'>"It's grounded in a<a href="https://www.businessinsider.com/brands-like-chips-ahoy-burger-king-are-leaning-on-nostalgia-2020-10" target="_blank"> sense of collective loss</a> that we're all feeling for having suddenly lost so many of the things that we took for granted," said psychology professor Krystine Batcho, who's been researching nostalgia since the mid-90s. "These conditions make it even more likely that people would gravitate toward this kind of marketing."</p><p class='black-text'>As one example of the trend in action, after a six-year break from the mascot, Chips Ahoy <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/MDLZ"><span style="color:#333">(</span><span style=";">MDLZ</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="MDLZ" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="MDLZ" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="MDLZ" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> brought back "Chip" (an anthropomorphized cookie) to promote a new cookie flavor that combines Hershey's <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/HSY"><span style="color:#333">(</span><span style=";">HSY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="HSY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="HSY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="HSY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Reese's. The intent behind this marketing move seems to relate to the idea of promoting a unifying message of happiness, connection, and relief from anxiety. In a press release, Chip was characterized as a "<a href="https://www.marketingdive.com/news/chips-ahoy-brings-back-mascot-after-6-years-to-promote-mashup-flavors/573996/" target="_blank">loveable optimist</a>," a mood that undoubtedly could uplift and inspire consumers as they trudge through the pandemic.</p><p class='black-text'>"Food is a real catalyst for that emotion of remembering something from the past," said Tara Apisa, senior marketing director of Mondelez International, which is the parent company of Chips Ahoy. "It was about being able to <a href="https://www.businessinsider.com/brands-like-chips-ahoy-burger-king-are-leaning-on-nostalgia-2020-10" target="_blank">tap into that emotion of nostalgia</a> through the use of this cookie that really represented the product and the craveability of the product."</p><p class='black-text'>In addition to Chips Ahoy, AT&T <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/T"><span style="color:#333">(</span><span style=";">T</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="T" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="T" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="T" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> also brought nostalgia into their recent marketing campaigning. With the very conscious motivation to tap into the public's sense of nostalgia, the telecommunications giant brought back their 2013-2017 brand spokesperson Lily during the pandemic.</p><p class='black-text'>"It was a logical thing for us to do both from the people and business point-of-view," said Marc Burns, vice president of advertising and social media. "On the people side, <a href="https://www.businessinsider.com/brands-like-chips-ahoy-burger-king-are-leaning-on-nostalgia-2020-10" target="_blank">everyone is craving the familiar</a> and things that give us comfort, and from the business point of view, we had a lot of brand equity in the character because of the investment we've made over four years - so [Lily's] a memory asset."</p><p class='black-text'>Other brands participating in the nostalgia trend include Burger King <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/QSR"><span style="color:#333">(</span><span style=";">QSR</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="QSR" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="QSR" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="QSR" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Budweiser <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BUD"><span style="color:#333">(</span><span style=";">BUD</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BUD" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BUD" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BUD" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>. For example, for the first time in years, Burger King ran a Video Music Awards (VMA) campaign featuring its mascot The King along with the rapper Lil Yachty. Meanwhile, Budweiser encouraged its fans to stay connected to others during lockdown in an adaptation of its 1999 "Whassup" advertisement.</p> http://www.pws.io/nostalgia-based-marketing-campaigns-trending-during-pandemic Thu, 19 Nov 2020 12:12:36 -0500 Rebecca O'Bern Berkshire Hathaway Increases Stock Buybacks, Profits Hurt by Coronavirus http://www.pws.io/berkshire-hathaway-increases-stock-buybacks-profits-hurt-by-coronavirus <p class='black-text'>Warren Buffett' Berkshire Hathaway <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BRK.A"><span style="color:#333">(</span><span style=";">BRK.A</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BRK.A" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BRK.A" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BRK.A" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> is an iconic company, and it's delivered spectacular returns for shareholders. The company's success is primarily a testament to Buffett's ability to allocate capital efficiently. It's a bit of a flywheel in which Buffett uses his investing skills to generate money which he uses to buy businesses. Then, he used the cash flow from these businesses to either invest or buy more businesses.</p><p class='black-text'>Given Buffett's investing IQ, his moves are closely studied and anticipated by the market. Right now, he's giving a very clear indication that he believes that Berkshire is undervalued. So far, this year Buffett has been plowing money into buying back shares of Berkshire, and he doubled these efforts in Q3 to buy back $9 billion. In total, he's bought back $15.7 billion shares which is a bit more than 3% of the company.</p><p class='black-text'><i>Inside the Numbers</i></p><p class='black-text'>These efforts are bullish for the stock because they indicate that Buffett believes the best use of his capital is to reinvest it in Berkshire. Additionally, by lowering the share count, he is boosting EPS. Notably, many of Buffett's holdings including Apple <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AAPL"><span style="color:#333">(</span><span style=";">AAPL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AAPL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AAPL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AAPL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> have large share buyback programs in place which offer more tax advantages than dividends.</p><p class='black-text'>In Q3, Berkshire's net income from its operating companies was $5.5 billion which is a 30% drop from 2019. This isn't entirely surprising, since Berkshire's companies operate in sectors like financials, energy, insurance, and industrials which have seen their fortunes decline during the pandemic. However, trends are positive, and the vaccine news makes it more likely that these sectors will experience improvement and pent-up demand.</p><p class='black-text'>One bright spot for investors is that while operating income was down, investment income was up massively, largely due to gains in Buffett's holdings in Apple and Amazon <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AMZN"><span style="color:#333">(</span><span style=";">AMZN</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AMZN" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AMZN" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AMZN" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>. Buffett's latest 13F filing shows that he has been deploying his large cash haul into pharmaceutical and healthcare stocks.</p><p class='black-text'><i>Stock Price Outlook</i></p><p class='black-text'>Although Berkshire has mildly underperformed due to its exposure to lagging sectors like energy and financials, there are several reasons for optimism beyond the share buybacks. The COVID vaccine seems like a precursor to a massive growth to value rotation which could result in outperformance for Berkshire. Shares have become quite cheap with a price to earnings ratio of 15 which doesn't include the expected economic improvements.</p><p class='black-text'>Following the earnings report, Berkshire's shares broke out to a new high. Given that growth should continue higher and interest rates will remain low, Berkshire's shares are likely to outperform in the next year.</p> http://www.pws.io/berkshire-hathaway-increases-stock-buybacks-profits-hurt-by-coronavirus Thu, 19 Nov 2020 12:04:01 -0500 Jaimini Desai Second Wave of Lockdowns Sweep United States http://www.pws.io/second-wave-of-lockdowns-sweep-united-states <p class='black-text'>It's starting to look a lot like March and April once again as a second wave of regional lockdown orders are enacted in various states and cities throughout the country. The federal government has taken no action amid the ongoing surge, leaving crisis response entirely in state and city officials' hands.</p><p class='black-text'>Efforts to contain the spread of the coronavirus, which has been spreading out of control over the last few months, vary from state to state and even city to city. In Pennsylvania, for example, state-level efforts are directed at specific counties, restricting in-person instruction at schools and restricting travelers from out of state. In Philadelphia, however, city officials are taking more <a href="https://www.npr.org/sections/coronavirus-live-updates/2020/11/16/935584213/philadelphia-bans-nearly-all-indoor-gatherings-for-the-rest-of-the-year">sweeping actions</a> against the virus's spread. Most indoor gatherings are banned through the end of 2020, while high schools and colleges are being ordered to move to teleconferencing for classes. City Health Commissioner Thomas Farley also mentioned that gatherings in people's homes was strongly discouraged.</p><p class='black-text'>"While we won't prohibit people from leaving home and interacting, we want to strongly discourage that, because it's increasingly unsafe to interact with anyone. We know that's a very strong policy, but this gets at the most important sites of spread," <a href="https://www.npr.org/sections/coronavirus-live-updates/2020/11/16/935584213/philadelphia-bans-nearly-all-indoor-gatherings-for-the-rest-of-the-year">he said.</a></p><p class='black-text'>Michigan is taking more sweeping actions at the state level, with a <a href="https://www.mlive.com/public-interest/2020/11/all-the-latest-on-the-coronavirus-in-michigan-tuesday-nov-16.html">three-week "pause"</a> being put in place that halts in-person classes at schools as well as dine-in services at restaurants and in-person activities at entertainment venues such as bowling alleys and movie theaters. Governor Gretchen Whitmer's efforts to contain the virus have been slammed by President Donald Trump and state GOP members. The complaints are mainly partisan, with some members of the state GOP even calling to impeach Whitmer. Many Michiganders, however, are showing support for "Big Gretch" Whitmer.</p><p class='black-text'>As Thanksgiving approaches, many cities and states across the country are enacting similar measures as Philadelphia and Michigan. Measures are being enacted, or have already been enacted, in California, Illinois, Colorado, and New Mexico, among others. Travel is being restricted in some states, which may impact the Thanksgiving plans of many Americans. Thousands of businesses are once again facing limited capacity or outright closure. Many companies are already struggling, primarily due to the total lack of a safety net at the federal level, due to emergency measures under the CARES act running out.</p><p class='black-text'>However, there is a glimmer of hope on the horizon, even as infections top numbers seen in the earliest days of the pandemic. The vaccines created by <a href="https://www.pws.io//modernas-vaccine-found-to-be-945-effective-in-preventing-coronavirus-infection">Moderna</a> <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/MRNA"><span style="color:#333">(</span><span style=";">MRNA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="MRNA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="MRNA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="MRNA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and the <a href="https://www.pws.io//pfizer-says-coronavirus-vaccine-is-90-effective">partnership</a> between Pfizer <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/PFE"><span style="color:#333">(</span><span style=";">PFE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="PFE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="PFE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="PFE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and BioNTech <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BNTX"><span style="color:#333">(</span><span style=";">BNTX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BNTX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BNTX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BNTX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> are showing immense promise, with the former's vaccine boasting 94.5% effectiveness and the latter's at 95%. While a vaccine won't immediately bring a return to normalcy, it could significantly reduce the time needed to roll back lockdown orders and social distancing directives.</p> http://www.pws.io/second-wave-of-lockdowns-sweep-united-states Wed, 18 Nov 2020 23:20:29 -0500 Michael Mooney Airbnb to Go Public Following Third Quarter Profit From Pandemic Rebound http://www.pws.io/airbnb-to-go-public-following-third-quarter-profit-from-pandemic-rebound <p class='black-text'>Airbnb released its initial public offering <a href="https://www.sec.gov/Archives/edgar/data/1559720/000119312520294801/d81668ds1.htm">prospectus</a> on Monday, cementing the short-term rentals company's plans to debut by the end of the year.</p><p class='black-text'>The company reported a net profit of $219 million on revenues of $1.34 billion despite the coronavirus pandemic's pressure on the travel and leisure industry. However, those revenues were down roughly 19% when compared to last year, as Airbnb's international business was harmed more by pandemic restrictions than operations in the United States.</p><p class='black-text'>Like most companies, Airbnb had a rough 2020. When the coronavirus outbreak first began to sweep across Europe and the U.S., the company became strapped for cash as customers rushed to cancel their bookings in a panic as the travel industry was brought to a standstill.</p><p class='black-text'>To combat the pandemic's stress on the industry, the company was forced to lay off a quarter of its workforce, suspend marketing activities and raise $2 billion in emergency funding from investors at a valuation of $18 billion back in May.</p><p class='black-text'>"In early 2020, as Covid-19 disrupted travel across the world, Airbnb's business declined significantly," the company wrote in the filing. "But within two months, our business model started to rebound even with limited international travel, demonstrating its resilience. People wanted to get out of their homes and yearned to travel, but they did not want to go far or to be in crowded hotel lobbies. Domestic travel quickly rebounded on Airbnb around the world as millions of guest took trips closer to home. Stays of longer than a few days started increase as work-from-home become work-from-any-home...the lines between travel and living are blurring, and the global pandemic has accelerated the ability to live anywhere."</p><p class='black-text'>Airbnb has not turned an annual profit since its launch in 2008, and warned that 2020 will not be its first profitable year despite its pandemic comeback. The company noted that it expects bookings to decline and cancellations to rise again in the fourth quarter as Europe enters a second coronavirus lockdown and the U.S. continues to see staggering infection rates. Coronavirus uncertainty is still a major factor in the company's profitability in the future as listings on the platform decrease, particularly from hosts that rely on Airbnb to pay mortgages.</p><p class='black-text'>Moving forward, the company seeks to establish itself as a community of hosts and guests rather than another booking service for vacation rentals. Airbnb highlighted in its filing that it will set up 9.2 million shares of non-voting stock aside in an endowment fund for hosts, as well as establishing a $250 million coronavirus relief fund for hosts to help provide some relief from booking cancellations.</p><p class='black-text'>"Out guests are not transactions--they are engaged, contributing members of out community," the company wrote. "Once they become a part of Airbnb, guests actively participate in our community, return regularly to our platform to book again, and recommend Airbnb to others who then join themselves. This demand encourages new hots to join, which in turn attracts even more guests."</p><p class='black-text'>"It is a virtuous cycle--guest attract hosts, and hosts attract guests," the company noted on its business model.</p><p class='black-text'>Airbnb plans to list its stock on the Nasdaq under the ticker "ABNB" sometime in early December. The company wrote in its filing that it is seeking up to $1 billion in its debut, but that could be a placeholder that is expected to change to a possibly higher amount.</p> http://www.pws.io/airbnb-to-go-public-following-third-quarter-profit-from-pandemic-rebound Wed, 18 Nov 2020 23:16:01 -0500 Rachel Hemple Market Update: Stocks Fall in Afternoon Trading as NYC Schools Shift Back to Remote Learning http://www.pws.io/market-update-stocks-fall-in-afternoon-trading-as-nyc-schools-shift-back-to-remote-learning <p class='black-text'>Stocks fell Wednesday afternoon, reversing most of the gains made earlier after Pfizer <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/PFE"><span style="color:#333">(</span><span style=";">PFE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="PFE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="PFE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="PFE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> released the final data on its vaccine candidate with BioNTech <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BTNX"><span style="color:#333">(</span><span style=";">BTNX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BTNX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BTNX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BTNX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, which new demonstrates a revised efficacy of 95%. The company's also have enough safety data to apply for an emergency use authorization with the U.S. Food and Drug Administration. Yet, all that positive vaccine news was shattered by new coronavirus restrictions initiated by New York City during late afternoon trading.</p><p class='black-text'>New York City Major Bill de Blasio announced on Wednesday that the city's schools will be shifting back to remote learnings amid the city's current climbing infection rate. De Blasio <a href="https://twitter.com/NYCMayor/status/1329142152639733761?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1329142152639733761%7Ctwgr%5E&ref_url=https%3A%2F%2Fwww.cnbc.com%2F2020%2F11%2F18%2Fstock-market-live-updates-today.html">tweeted</a> that the city "has reached the 3% testing positivity 7-day average threshold. Unfortunately, this means public school buildings will be closed as of tomorrow, Thursday Nov. 19, out [of] an abundance of caution. We must fight back the second wave of COVID-19."</p><p class='black-text'><b>Here's how the market settled for the mid-week:</b></p><p class='black-text'>S&P 500 Index <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SPY"><span style="color:#333">(</span><span style=";">SPY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SPY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SPY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SPY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>: -1.16% or -41.74 points to 3,537.79</p><p class='black-text'>Dow Jones Industrial Average <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/DIA"><span style="color:#333">(</span><span style=";">DIA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="DIA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="DIA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="DIA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>: -1.16% or -344.93 points to 29,438.42</p><p class='black-text'>Nasdaq Composite Index <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/QQQ"><span style="color:#333">(</span><span style=";">QQQ</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="QQQ" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="QQQ" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="QQQ" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>: -0.82% or -97.74 points to 11,801.60</p><p class='black-text'><i>For Stocks</i>, Boeing <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BA"><span style="color:#333">(</span><span style=";">BA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares soared on Wednesday after the U.S. Federal Aviation Administration lifted the 737 Max's fight ban following a nearly two-year grounding after two deadly crashes. Stay-at-home names shifted from red to green after NYC's announcement: Peloton <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/PTON"><span style="color:#333">(</span><span style=";">PTON</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="PTON" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="PTON" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="PTON" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Shopify <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SHOP"><span style="color:#333">(</span><span style=";">SHOP</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SHOP" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SHOP" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SHOP" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, TelaDoc <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TDOC"><span style="color:#333">(</span><span style=";">TDOC</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TDOC" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TDOC" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TDOC" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Zoom Video <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/ZM"><span style="color:#333">(</span><span style=";">ZM</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="ZM" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="ZM" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="ZM" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>.</p><p class='black-text'><i>For Sector Performance</i>, every industry dropped amid the market's broad sell-off on Wednesday following New York City shutting down in-person schools. Cyclical sectors like Industrials <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLI"><span style="color:#333">(</span><span style=";">XLI</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLI" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLI" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLI" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Consumer Discretionary <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLY"><span style="color:#333">(</span><span style=";">XLY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> declined the least. Energy <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLE"><span style="color:#333">(</span><span style=";">XLE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, which continues to swing between highs and lows, declined the most despite crude future gains. Utilities <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLI"><span style="color:#333">(</span><span style=";">XLI</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLI" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLI" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLI" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Health Care <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLV"><span style="color:#333">(</span><span style=";">XLV</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLV" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLV" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLV" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Real Estate <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLRE"><span style="color:#333">(</span><span style=";">XLRE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLRE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLRE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLRE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Consumer Staples <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLP"><span style="color:#333">(</span><span style=";">XLP</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLP" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLP" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLP" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Information Technology <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLK"><span style="color:#333">(</span><span style=";">XLK</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLK" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLK" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLK" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> also led loses over 1%.</p><p class='black-text'><i>For Commodities and Currency</i>, the <b>U.S. Dollar</b> <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/UUP"><span style="color:#333">(</span><span style=";">UUP</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="UUP" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="UUP" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="UUP" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> fell for a fifth straight session on Wednesday as positive vaccine news offset negative coronavirus infection patterns and harsher economic restrictions across the U.S. and Europe. The dollar index, which measures the greenback against other global currencies, fell 0.1% to 92.298, after dropping as low 92.207 on Wednesday. <b>Gold </b><nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GLD"><span style="color:#333">(</span><span style=";">GLD</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GLD" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GLD" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GLD" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> prices declined on Wednesday as vaccine optimism continued despite alarming pandemic trends. Spot gold was down 0.3% to $1,872.38 per ounce, while gold futures settled 0.6% lower at $1,873.90 per ounce. <b>Crude</b> oil futures rose on Wednesday as traders bet that OPEC+ will delay a planned increase in oil output to met current demand trends. International benchmark Brent Crude <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BNO"><span style="color:#333">(</span><span style=";">BNO</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BNO" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BNO" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BNO" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> gained 1.6% to $44.45 per barrel, while West Texas Intermediate <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/USO"><span style="color:#333">(</span><span style=";">USO</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="USO" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="USO" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="USO" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> rose to a 11-week high of $41.82 per ounce.</p><p class='black-text'><i>For Thursday</i>, market participants will turn their attention towards fresh data on U.S. unemployment claims, which are expected to total 710,000. Coronavirus headlines will also continue to command market direction.</p> http://www.pws.io/market-update-stocks-fall-in-afternoon-trading-as-nyc-schools-shift-back-to-remote-learning Wed, 18 Nov 2020 20:30:21 -0500 Rachel Hemple Mall Giants Simon and Taubman Revise Acquisition Deal http://www.pws.io/mall-giants-simon-and-taubman-revise-acquisition-deal <p class='black-text'>Mall giants Simon Property Group <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SPG"><span style="color:#333">(</span><span style=";">SPG</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SPG" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SPG" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SPG" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Taubman Centers <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TCO"><span style="color:#333">(</span><span style=";">TCO</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TCO" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TCO" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TCO" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> have reached an agreement on a revised acquisition deal. The two companies originally announced their merger in February, with Taubman agreeing to be acquired by Simon in a deal that would allow the Taubman family to retain a stake in its malls.</p><p class='black-text'>The original deal between the two firms had Simon former paying $52.50 a share to acquire Taubman, a merger that was valued at $3.6 billion. The deal fell through after Simon invoked a contractual right to terminate the agreement, citing Taubman's pandemic related difficulties with its properties. According to Simon, Taubman was suffering more than some of its contemporaries.</p><p class='black-text'>The two companies were set out to the courts to settle the mounting dispute but managed to come to an agreement that saved the deal and avoided further litigation. Simon will now acquire its rival for $800 million less, reflecting a revised price of $43 a share. The Taubman family will still retain a 20% stake in the soon-to-be subsidiary as part of the new deal.</p><p class='black-text'>The revival of the deal may be a beacon of hope for the retail industry, which has been struggling immensely amid the coronavirus pandemic. Simon, as one of the largest REITs in the country, as well as the largest mall operator, is showing confidence in its retail operations by pursuing the deal despite initial reservations about the performance of Taubman's properties. With coronavirus cases surging throughout the United States and fears mounting of a second round of shutdowns, especially with a more pandemic-focused presidential administration soon to take office, a show of confidence by a massive mall operator could help drive other companies to take similar measures to bolster their retail operations.</p><p class='black-text'>Simon's confidence in Taubman's properties' future success also handed both companies a bump in share prices on Monday following the deal's announcement. Simon's and Taubman's are currently over 5% and 17% respectively for their 5-Day returns.</p> http://www.pws.io/mall-giants-simon-and-taubman-revise-acquisition-deal Wed, 18 Nov 2020 15:56:44 -0500 Michael Mooney China Delays, Possibly Cancelling Ant Group IPO http://www.pws.io/china-delays-possibly-cancelling-ant-group-ipo <p class='black-text'>Alibaba's <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BABA"><span style="color:#333">(</span><span style=";">BABA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BABA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BABA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BABA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> Ant Group was set to IPO last week, however the event was delayed by the Chinese government. According to sources, the decision was made to punish Jack Ma due to his criticism of Chinese regulators.</p><p class='black-text'>There's always been a constant tension with Ma as Alibaba becomes even more powerful and influential. Of course, the Chinese government is always wary of any potential threats. In recent years, Ma's public profile has grown, and he's been more outspoken about his thoughts about all types of matters including politics.</p><p class='black-text'>It's not too dissimilar from politicians in the U.S. who are coming to grips with the fact that the tech companies have more power than them by many measures. However, Ma has always sought to cultivate good relationships with the Chinese government, by rarely criticizing them in public. Many considered Alibaba safer than FAANG--Facebook <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/FB"><span style="color:#333">(</span><span style=";">FB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="FB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="FB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="FB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Amazon <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AMZN"><span style="color:#333">(</span><span style=";">AMZN</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AMZN" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AMZN" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AMZN" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Apple <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AAPL"><span style="color:#333">(</span><span style=";">AAPL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AAPL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AAPL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AAPL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Netflix <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/NFLX"><span style="color:#333">(</span><span style=";">NFLX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="NFLX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="NFLX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="NFLX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Google <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GOOGL"><span style="color:#333">(</span><span style=";">GOOGL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GOOGL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GOOGL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GOOGL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>--stocks due to less risk of regulation or antitrust action.</p><p class='black-text'><i>IPO Delay</i></p><p class='black-text'>Ma was critical about regulators' decision to force Ant Financial to hold more capital on its balance sheet which reduces the business' profitability. Ma was unhappy that his business was being perceived as a traditional financial business by regulators rather than a tech company. He criticized the regulators for not understanding the business and being unwilling to adopt to new business models.</p><p class='black-text'>The Chinese government believes that Ant's size and assets make it a systemic threat to the country's financial system, if it collapses. Therefore, it believes the company needs to be regulated more rigidly. Ma made these comments a few days after regulators gave the go-ahead to the IPO. And, then they quickly rescinded their approval. Many experts believe that such a move would only be possible with President Xi's approval and consensus among the top leadership.</p><p class='black-text'><i>Alibaba's Stock Dropping</i></p><p class='black-text'>Alibaba is down nearly 25% since this decision. The Ant Group IPO was set to be the biggest IPO in history and instantly make it one of the most valuable financial institutions in the world. Now, it's less certain what will happen, in terms of when Alibaba will be able to unlock this asset.</p><p class='black-text'>In recent weeks, Chinese Internet stocks have been very strong. KraneShares CSI China Internet ETF <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/KWEB"><span style="color:#333">(</span><span style=";">KWEB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="KWEB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="KWEB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="KWEB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, a basket of the top stocks in the group, had been outperforming the market and making new highs. So, it's certainly unusual that the largest stock in the group is struggling.</p><p class='black-text'>However, for long-term investors, this correction could be a good, entry point. Nothing about this decision affects Alibaba's eCommerce or cloud computing business. It also doesn't affect Ant Group's business, even though it might lead to a drop in its valuation. However, this is more than reflected by the stock's drop in recent weeks.</p> http://www.pws.io/china-delays-possibly-cancelling-ant-group-ipo Wed, 18 Nov 2020 13:35:04 -0500 Jaimini Desai Chipotle Opens First-Ever Digital-Only Restaurant http://www.pws.io/chipotle-opens-first-ever-digital-only-restaurant <p class='black-text'>Chipotle Mexican Grill Inc. <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/CMG"><span style="color:#333">(</span><span style=";">CMG</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="CMG" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="CMG" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="CMG" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has taken the first true step into the digital world of restaurants. They will be opening their first digital-only restaurant for the US to try out as the company leans into the pickup and delivery model made popular by the pandemic.</p><p class='black-text'>Their digital-only restaurant still has a physical location. The trial restaurant will be in Highland Falls, New York and has already set up guidelines for it. Customers are requires to order in advance either online or through a third party delivery service, and they will be able to pick up their food in a lobby that still delivers the restaurant experience. Chipotle plans on being able to deliver the sights, sounds and smells that accompany their other restaurants at their digital-only restaurant. The model design will not only help during quarantine times, but will also allow for the chain to enter higher density urban areas where a full sit-down restaurant might not be feasible.</p><p class='black-text'>Even before Chipotle's plan to go with the digital angle for their restaurants, they had already been adding second food prep lines that were specifically for their online orders. The restaurants also had times to test out a digital-only model in specific locations as virus outbreaks and lockdowns affected in-person dining. A spike in online orders and pickups from third-party delivery companies not only paved the way to Chipotle's digital destination.</p><p class='black-text'>According to their CEO Brian Niccol, having a digital restaurant cuts the costs of opening in half, and restaurants can still make full profits from a digital only restaurant. Thanks to this experimental move, Chipotle shares have already climbed 1.2%. If they continue at this pace, with already a 48% pop in stocks just this year alone, they're well on their way to an even better fiscal year. Whats more, if their digital-only model is successful, it may become the new norm and change the way we do takeout for good.</p> http://www.pws.io/chipotle-opens-first-ever-digital-only-restaurant Wed, 18 Nov 2020 13:29:14 -0500 Amanda Little U.S. Vaccine Distribution Plans Against a Rocky Presidential Transition http://www.pws.io/us-vaccine-distribution-plans-against-a-rocky-presidential-transition <p class='black-text'>Pfizer <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/PFE"><span style="color:#333">(</span><span style=";">PFE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="PFE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="PFE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="PFE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> announced on Wednesday that its coronavirus vaccine was 95% effective in prevention infection, was well tolerated by clinical trial participants and appeared to also protect against severe COVID. The drugmaker, alongside its vaccine development partner BioNTech <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BNTX"><span style="color:#333">(</span><span style=";">BNTX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BNTX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BNTX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BNTX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, plans to submit an application for emergency use authorization with the U.S. Food and Drug Administration within the coming days.</p><p class='black-text'>Earlier this week, Pfizer launched a pilot delivery program for its vaccine candidate in four U.S. states in order to address distribution challenges the drug may have moving forward due to its ultra-cold storage requirements. The vaccine needed to be shipped and stored at -70 degrees Celsius (-94F), which is below the standard temperature for most vaccines, including its competitor Moderna <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/MRNA"><span style="color:#333">(</span><span style=";">MRNA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="MRNA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="MRNA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="MRNA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, of 2-8 degrees Celsius (36-46F); this is the average temperature of a refrigerator.</p><p class='black-text'>The vaccine distribution pilot will roll out in the U.S. states of New Mexico, Rhode Island, Tennessee and Texas. The company chose these states based on their differences in size, populations, immunization infrastructure, and diverse urban and rural settings, <a href="https://www.reuters.com/article/uk-health-coronavirus-usa-pfizer/pfizer-to-start-pilot-program-for-covid-19-immunization-in-four-u-s-states-idUKKBN27X09E">according to </a><i><a href="https://www.reuters.com/article/uk-health-coronavirus-usa-pfizer/pfizer-to-start-pilot-program-for-covid-19-immunization-in-four-u-s-states-idUKKBN27X09E">Reuters</a></i>. In theory, being able to meet the logistical distribution needs of these four states will give the drugmaker a blueprint to deliver the vaccine all throughout the U.S.</p><p class='black-text'>"We are hopeful that results from this vaccine delivery pilot will serve as the model for other U.S. states and international governments, as they prepare to implement effective COVID-19 vaccine programs," Pfizer said in a statement on Monday, quoted by <i>Reuters</i>.</p><p class='black-text'>Beyond drugmaker distribution plans, the U.S. transition between current President Donald Trump and president-elect Joe Biden does not seem to be moving forward smoothly. Biden's coronavirus response team has been blocked from collaborating with the Trump administration's team at this time, prompting Biden's representatives to instead meet directly with pharmaceutical companies to workout a vaccine distribution plan, <a href="https://apnews.com/article/joe-biden-donald-trump-public-health-health-coronavirus-pandemic-d4c9f50531fb542ab583b727fe051034">according to the </a><i><a href="https://apnews.com/article/joe-biden-donald-trump-public-health-health-coronavirus-pandemic-d4c9f50531fb542ab583b727fe051034">Associated Press</a></i>.</p><p class='black-text'>Biden will be inaugurated as the 46th U.S. president on January 20, 2021. Before and during the transition between presidential administrations, the U.S. is setting out to begin to distribute at least two vaccines as quickly as possible throughout the entire county.</p><p class='black-text'>"If we have to wait until Jan. 20 to start that planning, it puts us behind, over a month and a half," Biden stated during a press conference on Monday, <a href="https://www.cnbc.com/2020/11/16/president-elect-biden-says-he-wouldnt-hesitate-to-get-the-coronavirus-vaccine.html">quoted by </a><i><a href="https://www.cnbc.com/2020/11/16/president-elect-biden-says-he-wouldnt-hesitate-to-get-the-coronavirus-vaccine.html">CNBC</a></i>. "And so, it's important that it be done, that there be coordination now."</p><p class='black-text'>"Many people may die if we don't coordinate," Biden continued. "How do we get over 300 million Americans vaccinated? What's the game plan? It's a huge, huge, huge undertaking."</p><p class='black-text'>The Trump administration's current plan to is provide enough coronavirus vaccine doses to all Americans that want to be vaccinated by the second quarter of 2021. Without a smooth transition between the current administration and the next, that timeline is likely to change.</p> http://www.pws.io/us-vaccine-distribution-plans-against-a-rocky-presidential-transition Wed, 18 Nov 2020 12:41:25 -0500 Rachel Hemple Walmart Reinstates COVID Measures, Others Not Far Behind http://www.pws.io/walmart-reinstates-covid-measures-others-not-far-behind <p class='black-text'>Walmart <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/WMT"><span style="color:#333">(</span><span style=";">WMT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="WMT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="WMT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="WMT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has reinstated COVID measures at its stores as cases surge in the United States. Other retailers such as Costco <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/COST"><span style="color:#333">(</span><span style=";">COST</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="COST" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="COST" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="COST" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> are not far behind, reinstating their own policies.</p><p class='black-text'><a href="https://www.cnbc.com/2020/11/14/coronavirus-walmart-resumes-metering-customers-in-its-stores.html">Beginning on Saturday</a>, Walmart will resume restricting the number of customers in its stores and monitoring customers for symptoms of the Coronavirus. The move is hardly surprising, as cases in the U.S. skyrocket, and the situation deteriorates beyond the scope of the pandemic's initial months.</p><p class='black-text'>"We know from months of metering data in our stores that the vast majority of the time our stores didn't reach our self-imposed 20% metering capacity," <a href="https://www.cnn.com/2020/11/15/business/walmart-customers-metering-coronavirus/index.html">says Walmart spokesperson Kory Lundberg</a>. "Out of an abundance of caution, we have resumed counting the number of people entering and leaving our stores."</p><p class='black-text'>Walmart is approaching the reinstatement of COVID measures similarly to how it had early in the pandemic, pushing customers to use its online storefront or curbside pickup options. At Walmart stores, customers will have to wait outside until being admitted by store staff. Stores will be limited to 20% capacity, with social distancing enforced through one-way aisles and patrolling staff.</p><p class='black-text'>The reinstatement of previous COVID measures is bolstered by <a href="https://www.pws.io/walmart-to-spread-black-friday-deals-across-three-days-to-address-covid-risk">Walmart's plans for the holiday shopping season</a>, which will see the retailer spreading Black Friday deals across several consecutive weeks-long sales, with online sales being the focus of the company's effort to try and reduce in-store traffic.</p><p class='black-text'>Walmart is joined in its negation efforts by Costco, which has removed exemptions to its mask rules. Other retailers and grocers are reinstating previous measures as well, with Kroger <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/KR"><span style="color:#333">(</span><span style=";">KR</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="KR" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="KR" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="KR" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Wegmans, Publix, and Giant have all begun restricting the number of specific items, such as cleaning supplies, that customers can purchase. For many, the restrictions bring back memories of empty store shelves, particularly in aisles that feature cleaning supplies or non-perishable foods, and already, this phenomenon appears to be resurfacing in grocery stores throughout the country.</p><p class='black-text'>The odd <a href="https://www.pws.io/covid-19-and-the-toilet-paper-phenomenon">toilet paper bulk-buying phenomenon</a> also seems to have resurfaced.</p> http://www.pws.io/walmart-reinstates-covid-measures-others-not-far-behind Tue, 17 Nov 2020 15:20:39 -0500 Michael Mooney Company Profile: fuboTV http://www.pws.io/company-profile-fubotv <p class='black-text'>fuboTV <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/FUBO"><span style="color:#333">(</span><span style=";">FUBO</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="FUBO" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="FUBO" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="FUBO" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> made its public debut in October. The company raised $183 million, selling shares at $10 apiece, giving the company a valuation of $620 million.</p><p class='black-text'>It was expected to sell 15 million shares between $9 and $11. Due to higher than expected demand, it was able to sell 18.3 million shares. Streaming services have done very well during the pandemic and are expected to continue taking market share away from traditional TV due to cord-cutting.</p><p class='black-text'><i>Company Profile</i></p><p class='black-text'>The streaming marketplace is getting crowded with an overwhelming number of offers. fuboTV attempts to differentiate itself by focusing on live sports in its package. During the coronavirus, it's seen 47% growth and has a total of 286,000 subscribers.</p><p class='black-text'>The company was founded in 2015 as a sports-focused streaming service but has added other channels to its package including ABC, Disney Channel, and FX. Before going public, it raised $250 million from an assortment of investors and media companies including AMC Networks <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AMCX"><span style="color:#333">(</span><span style=";">AMCX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AMCX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AMCX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AMCX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Walt Disney <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/DIS"><span style="color:#333">(</span><span style=";">DIS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="DIS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="DIS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="DIS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, and Viacom <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/VIAC"><span style="color:#333">(</span><span style=";">VIAC</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="VIAC" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="VIAC" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="VIAC" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>.</p><p class='black-text'>Given its current valuation, many of the investors in fuboTV's late fundraising rounds are down on their investment. Adding to its challenges, fuboTV faces a competitive landscape and many of its peers have also added sports packages which were its initial competitive advantage.</p><p class='black-text'>Last year, fuboTV had revenues of $146.5 million which was a 96% increase from the previous year with a net loss of $129.3 million. In the first half of 2020, it had revenue of $51.5 million with a net loss of $129.9 million. Besides operating costs, its biggest expenses are marketing and the cost of content.</p><p class='black-text'><i>Stock Price Outlook</i></p><p class='black-text'>fuboTV is certainly an interesting business. And, its stock has done remarkably well in its first month of trading with a 40% gain. However, there are some reasons to be skeptical about its long-term potential.</p><p class='black-text'>First, the company was able to benefit from the cord-cutting trend and win a share of customers due to its differentiated offering featuring live sports. However, this has now become common with many streamers offering such a package, most notably ESPN+ and Hulu. While this was groundbreaking in 2015, now it's not going to move the needle.</p><p class='black-text'>The bigger problem for fuboTV is it's a tiny player in a market dominated by behemoths like Netflix <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/NFLX"><span style="color:#333">(</span><span style=";">NFLX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="NFLX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="NFLX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="NFLX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Disney, AT&T <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/T"><span style="color:#333">(</span><span style=";">T</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="T" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="T" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="T" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Viacom, and other companies willing to spend billions to win market share by buying exclusive rights to the content. As the cost of content increases, fuboTV's margins will decrease. Additionally, given the competitive environment, they won't have many avenues to raise their prices.</p> http://www.pws.io/company-profile-fubotv Tue, 17 Nov 2020 15:07:09 -0500 Jaimini Desai Singles Day Marked by Strong Sales and a Stock Drop http://www.pws.io/singles-day-marked-by-strong-sales-and-a-stock-drop <p class='black-text'>Alibaba Group <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BABA"><span style="color:#333">(</span><span style=";">BABA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BABA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BABA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BABA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> set a sales record this Singles Day, but that record was overshadowed by a plunge in the company's share price. The dip in share price comes from potential antitrust regulation and follows an IPO suspension of an Alibaba holding that similarly drove stock prices down.</p><p class='black-text'>Singles day, an unofficial Chinese holiday that celebrates bachelors is the biggest shopping day in the world, surpassing even Christmas in the United States. Last week, Alibaba launched an <a href="https://www.pws.io//early-singles-day-sales-data-comes-in-strong-for-alibaba">early-round of Singles Day sales</a>, garnering billions of dollars in revenue in the first few hours of the sale.</p><p class='black-text'>On 11/11, the actual date for Singles Day, Alibaba once again made <a href="https://www.cnbc.com/2020/11/11/alibaba-singles-day-2020-record-sales-overshadowed-by-stock-plunge.html">record sales</a>. According to Alibaba, the company earned $56.42 billion in sales since its Singles Day event began on November 1. The $56.42 billion in sales translates to about <a href="https://techcrunch.com/2020/11/11/china-3-billion-parcels-post-covid-singles-day">3 billion packages</a>, up considerably from last year and double the average volume.</p><p class='black-text'>"We are probably going to be doubling last year's 11.11 or maybe even more than that and this really shows that consumption habits have really moved online, not just in first tier (cities) but across the entire country," <a href="https://www.cnbc.com/2020/11/11/alibaba-singles-day-2020-record-sales-overshadowed-by-stock-plunge.html">said Jacob Cooke of WPIC</a>, a firm that assists foreign companies with marketing to Chinese consumers.</p><p class='black-text'>Impressive sales figures aside, the day wasn't entirely rosy for the Chinese retail giant. Alibaba's share prices trended down last week after the Chinese government signaled that it might pass new antitrust regulations.</p><p class='black-text'>"Potential implementation of new antitrust regulations is negative for most major Internet companies, particularly in e-commerce and food delivery - although competition has already intensified with reduced market dominance across segments in recent years, which could be a mitigate," <a href="https://www.cnbc.com/2020/11/11/alibaba-singles-day-2020-record-sales-overshadowed-by-stock-plunge.html">Morgan Stanley said in a statement.</a></p><p class='black-text'>The potential for new regulations comes after Alibaba <a href="https://www.pws.io//early-singles-day-sales-data-comes-in-strong-for-alibaba">faced a setback</a> in the IPO of a brand formed by Alibaba co-founder Jack Ma, Ant Group. Ant Group's IPO was suspended after the Chinese government found issues with the company's ability to meet listing requirements.</p><p class='black-text'>Alibaba's stock slipped last Tuesday on the news of the potential antitrust regulation, following a previous 7.57% drop after the Ant Group IPO suspension.</p> http://www.pws.io/singles-day-marked-by-strong-sales-and-a-stock-drop Tue, 17 Nov 2020 15:06:54 -0500 Michael Mooney Moderna's Vaccine Found to be 94.5% Effective in Preventing Coronavirus Infection http://www.pws.io/modernas-vaccine-found-to-be-945-effective-in-preventing-coronavirus-infection <p class='black-text'>Moderna <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/MRNA"><span style="color:#333">(</span><span style=";">MRNA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="MRNA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="MRNA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="MRNA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> <a href="https://investors.modernatx.com/news-releases/news-release-details/modernas-covid-19-vaccine-candidate-meets-its-primary-efficacy">announced</a> on Monday that an independent, National Institutes of Health appoints Data Safety Monitoring Board has concluded from the biotech's late-stage clinical trial interim data that it's coronavirus vaccine candidate is 94.5% effective at preventing infection.</p><p class='black-text'>Moderna's extraordinary results were based on 95 coronavirus infections that occurred in trial participants receiving either the vaccines, mRNA-1273, or an inert placebo. Data showed that of those 95 cases, 90 occurred in participants that received the placebo, resulting in that estimated efficacy. The vaccine requires two doses, 28 days apart.</p><p class='black-text'>The biotech also demonstrated that the vaccine is generally well tolerated, with the majority of adverse events being mild or moderate in severity and mostly short-lived. Adverse side effects more often occurred after the second dose of the vaccine, and were typical of other common drug side effects like fatigue, headache, and injection site pain.</p><p class='black-text'>Since these are preliminary results, they may be subject to change as the study's participant pool continue to be monitored for infections. Moderna intends to submit for an emergency use authorization with the U.S. Food and Drug Administration (F.D.A.) in the next few weeks based on these interim results. The company also plans to submit applications to global regulatory agencies.</p><p class='black-text'>Moderna's interim efficiency results were announced one week after Pfizer <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/PFE"><span style="color:#333">(</span><span style=";">PFE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="PFE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="PFE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="PFE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and BioNTech <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BNTX"><span style="color:#333">(</span><span style=";">BNTX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BNTX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BNTX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BNTX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> found their coronavirus vaccine candidate to be<a href="https://www.pws.io//pfizer-says-coronavirus-vaccine-is-90-effective"> more than 90% effective </a>at preventing infection.</p><p class='black-text'>The two vaccines both employ experimental technology called messenger RNA (mRNA) which is synthetic genetic proteins that "train" an individual's immune system to create antibodies against the virus without using a dead or weakened form of the virus, which is a popular method in common vaccines like those made for the flu. This type of vaccine technology can be produced at scale more rapidly than conventional vaccine, though its has yet to be approved for use in vaccines or other drugs.</p><p class='black-text'>While both vaccines are very similar in design and administration, Moderna's may have logistical distribution advantage over Pfizer's due to the fact that Moderna's candidate can be stored at standard refrigerator temperatures for up to 30 days while Pfizer's must be kept at subzero temperatures. Pfizer's vaccine can only last at refrigerator temperatures for up to five days.</p><p class='black-text'>Pending F.D.A. approval for public use, the United States could have about 20 million doses of each vaccine by the end of December. Health and Human Services Secretary Alex Azar told <i><a href="https://www.cnbc.com/2020/11/16/coronavirus-hhs-secretary-azar-says-fda-will-move-as-quickly-as-possible-to-ok-moderna-and-pfizers-vaccines.html">CNBC</a></i><a href="https://www.cnbc.com/2020/11/16/coronavirus-hhs-secretary-azar-says-fda-will-move-as-quickly-as-possible-to-ok-moderna-and-pfizers-vaccines.html">'s "Squawk Box" </a>on Monday that the F.D.A. will move "as quickly as possible" to approve both drugs for emergency use.</p><p class='black-text'>"We hope those applications for both Pfizer and Moderna will get in as quickly as possible," Azar told <i>CNBC</i>. "We will independently call those balls and strikes on the data and evidence, but we're going to do so as quickly as possible, consistent with just making sure the science, the evidence and the law support authorization."</p> http://www.pws.io/modernas-vaccine-found-to-be-945-effective-in-preventing-coronavirus-infection Tue, 17 Nov 2020 00:14:15 -0500 Rachel Hemple Market Update: Moderna's Vaccine Results Ignite Another Vaccine Rally http://www.pws.io/market-update-modernas-vaccine-results-ignite-another-vaccine-rally <p class='black-text'>Wall Street staged a new coronavirus vaccine rally on Monday following Moderna's <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/MNRA"><span style="color:#333">(</span><span style=";">MNRA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="MNRA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="MNRA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="MNRA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> preliminary efficacy results that showed that its vaccine candidate is 94.5% effective in preventing COVID infection in patients. Positive sentiment launched the Dow Jones to new record intraday and closing highs as the benchmark approached 30,000. The S&P 500 also posted a fresh closing high.</p><p class='black-text'>Moderna's early clinical trial results follow Pfizer's <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/PFE"><span style="color:#333">(</span><span style=";">PFE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="PFE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="PFE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="PFE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and BioNTech's <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BTNX"><span style="color:#333">(</span><span style=";">BTNX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BTNX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BTNX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BTNX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> made last Monday, where the pair presented data that their vaccine was more than 90% effective in preventing infection. Both vaccines use the same messenger RNA technology and require two doses administered 28 days apart. Market participants were also encouraged by Moderna's announcement that their vaccine can be stored at typical refrigerator temperatures for up to 30 days, while Pfizer's requires subzero storage temperatures.</p><p class='black-text'><b>Here's how the market settled to start the week:</b></p><p class='black-text'>S&P 500 Index <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SPY"><span style="color:#333">(</span><span style=";">SPY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SPY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SPY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SPY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>: +1.17% or +41.87 points to 3,627.02</p><p class='black-text'>Dow Jones Industrial Average <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/DIA"><span style="color:#333">(</span><span style=";">DIA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="DIA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="DIA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="DIA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>: +1.6% or +472.01 points to 29,951.36</p><p class='black-text'>Nasdaq Composite Index <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/QQQ"><span style="color:#333">(</span><span style=";">QQQ</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="QQQ" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="QQQ" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="QQQ" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>: +0.8% or +94.84 points to 11,924.13</p><p class='black-text'><i>For Stock News</i>, reopening names and financials soared as the market cycled out of stocks like Amazon <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AMZN"><span style="color:#333">(</span><span style=";">AMZN</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AMZN" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AMZN" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AMZN" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Netflix <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/NFLX"><span style="color:#333">(</span><span style=";">NFLX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="NFLX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="NFLX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="NFLX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>: American Airlines <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AAL"><span style="color:#333">(</span><span style=";">AAL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AAL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AAL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AAL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Bank of America <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BAC"><span style="color:#333">(</span><span style=";">BAC</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BAC" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BAC" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BAC" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Carnival <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/CCL"><span style="color:#333">(</span><span style=";">CCL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="CCL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="CCL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="CCL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Citigroup <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/C"><span style="color:#333">(</span><span style=";">C</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="C" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="C" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="C" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Delta <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/DAL"><span style="color:#333">(</span><span style=";">DAL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="DAL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="DAL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="DAL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, JPMorgan <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/JPM"><span style="color:#333">(</span><span style=";">JPM</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="JPM" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="JPM" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="JPM" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Goldman Sachs <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GS"><span style="color:#333">(</span><span style=";">GS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Norwegian <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/NCLH"><span style="color:#333">(</span><span style=";">NCLH</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="NCLH" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="NCLH" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="NCLH" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Royal Caribbean <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/RCL"><span style="color:#333">(</span><span style=";">RCL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="RCL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="RCL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="RCL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Southwest <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/LUV"><span style="color:#333">(</span><span style=";">LUV</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="LUV" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="LUV" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="LUV" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, United Airlines <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/UAL"><span style="color:#333">(</span><span style=";">UAL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="UAL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="UAL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="UAL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>. VIrgin Galactic <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SPCE"><span style="color:#333">(</span><span style=";">SPCE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SPCE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SPCE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SPCE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares slumped after the space tourism company postponed their next launch indefinitely and as SpaceX launched another manned spacecraft.</p><p class='black-text'><i>For Sector Performance</i>, all industries except Health Care <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLV"><span style="color:#333">(</span><span style=";">XLV</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLV" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLV" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLV" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> joined in Monday's vaccine rally, with the sector falling slightly into negative territory. Energy <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLE"><span style="color:#333">(</span><span style=";">XLE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> continued its trend of highly fluctuating between highs and lows, this time increasing over 6%. Industrials <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLI"><span style="color:#333">(</span><span style=";">XLI</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLI" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLI" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLI" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Financials <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLF"><span style="color:#333">(</span><span style=";">XLF</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLF" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLF" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLF" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Materials <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLB"><span style="color:#333">(</span><span style=";">XLB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> also rose higher by over 2% on optimism towards faster economic recovery.</p><p class='black-text'><i>For Commodities and Currency</i>, the <b>U.S. Dollar</b> <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/UUP"><span style="color:#333">(</span><span style=";">UUP</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="UUP" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="UUP" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="UUP" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> was little changed on Monday as the optimism that rallied stocks during the session did not really enter the foreign exchange market. The dollar index held relatively flat at 92.64 against other global currencies. <b>Gold</b> <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GLD"><span style="color:#333">(</span><span style=";">GLD</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GLD" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GLD" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GLD" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> prices dipped and then recovered on Monday as investors balanced positive vaccine news against surging coronavirus cases and bets on further economic stimulus ahead of eventual vaccine approvals and distributions. Spot gold finished Monday steady at $1,887.10 per ounce, while gold futures settled 0.1% higher at $1,887.80 per ounce. Gold prices fell as much as 1.3% after Moderna announced that its vaccine was more than 94% effective, which was notably less than the 5% drop that occurred following Pfizer's and BioNTech's announcement last Monday. <b>Crude</b> oil futures jumped on Monday on prospects of another highly effective vaccine. International benchmark Brent Crude <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BNO"><span style="color:#333">(</span><span style=";">BNO</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BNO" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BNO" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BNO" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> contracts for January increased 2.4% at $43.80 per barrel, while West Texas Intermediate <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/USO"><span style="color:#333">(</span><span style=";">USO</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="USO" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="USO" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="USO" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> contracts for December settled 3.02% higher at $41.34 each.</p><p class='black-text'><i>For Tuesday</i>, market participants will focus on fresh retail sales data for October, as well as quarterly earnings from companies like Home Depot <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/HD"><span style="color:#333">(</span><span style=";">HD</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="HD" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="HD" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="HD" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Walmart <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/WMT"><span style="color:#333">(</span><span style=";">WMT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="WMT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="WMT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="WMT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>.</p> http://www.pws.io/market-update-modernas-vaccine-results-ignite-another-vaccine-rally Mon, 16 Nov 2020 20:59:05 -0500 Rachel Hemple Disney's New "Life-Like" Robot Design http://www.pws.io/disneys-new-life-like-robot-design <p class='black-text'>A research team from Walt Disney <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/DIS"><span style="color:#333">(</span><span style=";">DIS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="DIS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="DIS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="DIS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> is testing the limitations of fright and horror as it recreates the lifelike image of a human robot. The robot is constructed from a mindset of human creativity and logic, as it utilizes the Walt Disney Imagineering team and researchers from the California Institute of Technology in Los Angeles.</p><p class='black-text'>Although the robot is composed of a scarce amount of muscle and skin, it could potentially trick a real person into believing that it is real, given that it is so real-seeming. Depending on the types of movements that the robot engages in, their presences can potentially be very powerful, although subtle.</p><p class='black-text'>There is a great deal of movement and engagement involved with these types of robots, which are also known as animatronic figures. These types of figures are known for being very much engaged with their audiences and for behaving in characteristically animated ways. They create stories with the movement of their arms and legs, behaving in ways that are potent and spirited. The creation of social cues in the robots are especially important, particularly with the emphasis on sight. It is thought that more intense gazes indicate higher intelligence levels and more complex emotional states, a phenomenon that, similar to that of humans, can also be recreated in the robots.</p><p class='black-text'>The creators of the robots intentionally designed the robots so that they could depict lifelike depictions of reality -- illusions that resemble reality, but not in entirety. They intentionally contain both technical and human qualities in order that balance is maintained, including both natural and unnatural characteristics of life. One aspect of living that includes both unnatural and natural qualities is the art of performance. Much like the art of performing, the purpose of the robots is to reenact specific scenes from life by pretending to engage in live scenarios that could potentially mimic reality. For example, a man sits beneath a park bench reading a book, and utilizes the art of gaze in order to exemplify his true feelings about those whom he encounters.</p><p class='black-text'>Lifelike robots, while seemingly intimidating, can be attractive, as they provide entertainment to humans. This type of entertainment requires a much closer look, as it requires much understanding regarding the combination of technicality and humanism. Overall, while we cannot fully grasp lifelike robots as they are crafted yet, we still have knowledge that they are both terrifying and engaging, which will propel us toward a future filled with imagination and positive adventure.</p> http://www.pws.io/disneys-new-life-like-robot-design Mon, 16 Nov 2020 16:59:41 -0500 Stephanie Williams PayPal Now Allows U.S. Customers to Purchase Cryptocurrency Directly http://www.pws.io/paypal-now-allows-us-customers-to-purchase-cryptocurrency-directly <p class='black-text'>Last week, <a href="https://techcrunch.com/2020/11/12/paypal-says-all-users-in-u-s-can-now-buy-hold-and-sell-cryptocurrencies/">PayPal </a><nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/PYPL"><span style="color:#333">(</span><span style=";">PYPL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="PYPL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="PYPL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="PYPL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> announced it removed the waitlist to buy, hold, and sell cryptocurrency in the U.S., allowing all U.S. customers to purchase cryptocurrency directly from their PayPal accounts. The fintech firm said U.S. users will be alerted to the new feature in the upcoming days. The new feature was already partially available in the U.S. before, but PayPal had been onboarding interested customers with a waitlist. PayPal added it increased its weekly cryptocurrency purchase limit from $10,000 to $20,000 per week due to high initial demand from customers. PayPal also disclosed it will charge $0.50 on transactions up to $24.9, 2.3% from $25 to $100, 2% from $100.01 to $200, 1.8% from $200.01 to $1,000, and 1.5% on transactions over $1,000. To get the program started, PayPal said it is waiving fees until 2021, and there will be no fees for users to hold crypto in their accounts.</p><p class='black-text'><b>Here is the rest of the week in review: </b></p><p class='black-text'><a href="https://www.coindesk.com/galaxy-digital-two-acquisitions-institutional-appeal">Galaxy Digital</a> announced Friday it acquired 2 firms as it seeks to become the go-to platform for institutional access to digital assets. The crypto merchant bank said it purchased DrawBridge Lending, a "white glove" service for borrowing and investing in digital assets, and Blue Fire Capital, a provider of liquidity for futures markets and digital assets. Galaxy Digital did not disclose the terms of the deals but noted the move would bring DrawBridge's over $150 million in third-party assets. Galaxy Digital said the acquisitions will help it further amplify its "strong position as a go-to trading desk in digital assets" and grow an innovative portfolio. Galaxy Digital also reported net income of $44.3 million for the third quarter, up massively from a net loss of $68.2 million in the same quarter last year. Volume at subsidiary Galaxy Digital Trading surged 75% to a record $1.4 billion, thanks to booming Bitcoin (BTC) prices.</p><p class='black-text'><a href="https://www.coindesk.com/bridgewaters-dalio-sees-governments-banning-bitcoin-should-it-become-material">Ray Dalio</a>, the renowned billionaire founder and cochairman of Bridgewater Associates, the world's largest hedge fund, argued he sees 3 main problems with bitcoin and other cryptocurrencies that will limit their future, including the risk that governments will "outlaw" them if they start to become "material." In an interview with Yahoo Finance, Dalio said he expects more digitized versions of government-issued currencies in the future than Bitcoin and other cryptocurrencies for 3 reasons. He noted a lack of venues that accept cryptocurrencies for purchase easily. He emphasized Bitcoin and other coins are too volatile to be an effective store of wealth. Finally, he predicted that global governments would ban cryptos if they grow to be "material": "They'll use whatever teeth they have to enforce that. I don't think digital currencies will succeed in the way people hope they would." Dalio joins a prominent group of famous Wall Street investors who are bearish on crypto, including Warren Buffett of Berkshire Hathaway <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BRK.B"><span style="color:#333">(</span><span style=";">BRK.B</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BRK.B" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BRK.B" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BRK.B" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>.</p><p class='black-text'>Crypto prices rose slightly to $453 billion this week, taking a breather after the recent monster surge. For the majors, Ripple (XRP) and Bitcoin rose, while Bitcoin Cash (BCH), Chainlink (LINK), and Cardano (ADA) fell. In the top 100, the biggest losers were The Midas Touch Gold (TMTG), down 16%, Energy Wet Token (EWT), down 16%, and Augur (REP), down 14%. The biggest gainers were SushiSwap (SUSHI), up a whopping 88%, THORChain (RUNE), up 67%, and Curve DAO Token (CRV), up 63%. Next week traders will watch if Bitcoin breaks $16,000 convincingly.</p><p class='black-text'><i>The author owns a small amount of BTC.</i></p> http://www.pws.io/paypal-now-allows-us-customers-to-purchase-cryptocurrency-directly Mon, 16 Nov 2020 12:58:09 -0500 Eric Yao European Union Buys 300 Million Doses of Pfizer/BioNTech Vaccine http://www.pws.io/european-union-buys-300-million-doses-of-pfizerbiontech-vaccine <p class='black-text'>The European Union has signed a deal with Pfizer <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/PFE"><span style="color:#333">(</span><span style=";">PFE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="PFE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="PFE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="PFE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and BioNTech <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BNTX"><span style="color:#333">(</span><span style=";">BNTX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BNTX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BNTX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BNTX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> to purchase 300 million doses of the companys' promising coronavirus vaccine. Deliveries of the vaccine should start later this year, according to the pharmacuetical companies.</p><p class='black-text'>The Pfizer/BioNTech vaccine garnered a lot of attention once the company released early test results showing <a href="https://www.pws.io/pfizer-says-coronavirus-vaccine-is-90-effective">90% effectiveness</a> against the coronavirus. The two firms have set out to secure approval from the Food and Drug Administration for distribution.</p><p class='black-text'>The European Union, drawn by the promising results, signed a deal with the two companies for a massive order of 300 million doses. While the deal has been penned, there is currently no timeline for distributing the vaccine in the E.U., nor is there any idea of when the vaccine will receive approval from European regulators for distribution.</p><p class='black-text'>European Health Commissioner Stella Kyriakides <a href="https://www.bbc.com/news/world-europe-54902056">spoke to the BBC of the deal</a>, stating, "The agreement means we are a step closer to what we set out to do - to have a broad and solid vaccine portfolio. [The vaccine] has to receive authorization from the European Medicines Agency. A number of steps need to be followed before we will actually be able to have a timeline."</p><p class='black-text'>As part of the deal, the E.U. will pay a reduced price for the vaccine, as a result of E.U. members providing financial support for the development of the vaccine. The price of $19.50 per dose for 200 million doses is a better deal compared to the one signed by the United States, which is priced the same per dose but for half the number of doses.</p><p class='black-text'>Despite the promising vaccine and the considerable deal with the E.U., Pfizer and BioNTech ended trading last week down. Pfizer ended the week 7.9% down from the beginning of the week, while BioNTech ended 7.4% down.</p> http://www.pws.io/european-union-buys-300-million-doses-of-pfizerbiontech-vaccine Mon, 16 Nov 2020 12:53:00 -0500 Michael Mooney Long-Awaited Unicorn DoorDash Finally Files IPO http://www.pws.io/long-awaited-unicorn-doordash-finally-files-ipo <p class='black-text'>Last week was a bust for initial public offerings (IPOs), with all three scheduled deals either postponing or withdrawing as market activity cratered later in the week. However, new filing activity picked up pace for an anticipated December blow-out, led by long-awaited delivery service unicorn DoorDash. Notably, Airbnb did not disclose its IPO filing last week as expected, but the home rental company still remains on track to go public in December.</p><p class='black-text'>DoorDash, an online restaurant delivery service in over 3,000 cities across the U.S., Canada and Australia, filed to raise $100 million in its debut. However, that amount is likely a placeholder, with the company having the potential to raise up to $2 billion in December. DoorDash's main rivals include GrubHub <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GRUB"><span style="color:#333">(</span><span style=";">GRUB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GRUB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GRUB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GRUB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Uber Eats <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/UBER"><span style="color:#333">(</span><span style=";">UBER</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="UBER" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="UBER" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="UBER" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, both of which are up 52% and 60% for their respective year-to-dates.</p><p class='black-text'>IPO market activity is increasing for the week ahead as companies price ahead of the U.S. Thanksgiving holiday. Six IPOs are set to raise about $3.6 billion this week.</p><p class='black-text'><b>Maravai LifeSciences Holdings </b><nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/MRVI"><span style="color:#333">(</span><span style=";">MRVI</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="MRVI" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="MRVI" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="MRVI" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> plans to raise $1.3 billion from 50 million offered shares priced between $24 to $27 each, making it the biggest deal for the week ahead. The company provides products that enable the development of drugs, diagnostics, vaccines, and support research for human diseases. Maravai has benefitted from the coronavirus pandemic and services more than 5,000 customers. The company's biggest rival Thermo Fisher Scientific <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TMO"><span style="color:#333">(</span><span style=";">TMO</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TMO" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TMO" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TMO" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> is currently up more than 50% for its year-to-date.</p><p class='black-text'><b>Sotera Health Co.</b> <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SHC"><span style="color:#333">(</span><span style=";">SHC</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SHC" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SHC" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SHC" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> is a providers of sterilization, testing, and advisory services for research labs in the medical device and pharmaceutical industries, planning to raise $1 billion from 46.6 million shares offered in the range of $20 to $23 each. The company currently services over 40 of the top 50 medical device companies and 8 of the top 10 global pharmaceutical companies by revenue.</p><p class='black-text'><b>Yatsen Holding</b> <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/YSG"><span style="color:#333">(</span><span style=";">YSG</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="YSG" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="YSG" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="YSG" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> plans to raise $558 million from 58.8 million shares offered between $8.50 to $10.50 each. The Chinese cosmetics company competes in Chinas constantly evolving beauty market, operating primarily under the brands Abby's Choice, Little Ondine, and The Perfect Diary. Together those brands serves23.5 million direct-to-consumer customers in the first nine months of 2020 and have producing a year-to-year sales growth of 377%. Major competitors including L'Oreal <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/LRLCF"><span style="color:#333">(</span><span style=";">LRLCF</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="LRLCF" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="LRLCF" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="LRLCF" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Esteé Lauder <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/EL"><span style="color:#333">(</span><span style=";">EL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="EL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="EL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="EL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> are both up 19% and 24% for their respective year-to-dates.</p><p class='black-text'><b>Aspire Real Estate Investors Inc </b><nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/ASPI"><span style="color:#333">(</span><span style=";">ASPI</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="ASPI" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="ASPI" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="ASPI" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> plans to raise $300 million from 15 million offered shares set at $20 each. The company also plans to raise $27 million in concurrent private placements to senior management and other investors, intending to pay a dividend. This REIT is focuses affordable and workforce multifamily properties, with its initial portfolio including six projects located in Opportunity Zones.</p><p class='black-text'><b>Telos Corporation</b> <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TLS"><span style="color:#333">(</span><span style=";">TLS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TLS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TLS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TLS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> plans to raise $210 million from pricing 12.4 million offered shares within the range of $16 to $18 each. The cybersecurity solutions provider offers a portfolio of security products and services, with notable customers including the U.S. federal government, and businesses like Amazon <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AMZN"><span style="color:#333">(</span><span style=";">AMZN</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AMZN" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AMZN" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AMZN" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Citigroup <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/C"><span style="color:#333">(</span><span style=";">C</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="C" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="C" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="C" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Microsoft <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/MSFT"><span style="color:#333">(</span><span style=";">MSFT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="MSFT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="MSFT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="MSFT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Salesforce <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/CRM"><span style="color:#333">(</span><span style=";">CRM</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="CRM" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="CRM" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="CRM" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>. The company's biggest rival ManTech International <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/MANT"><span style="color:#333">(</span><span style=";">MANT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="MANT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="MANT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="MANT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> is currently down about 3% for its year-to-date.</p><p class='black-text'><b>Olema Pharmaceuticals </b><nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/OLMA"><span style="color:#333">(</span><span style=";">OLMA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="OLMA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="OLMA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="OLMA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> is a biotech that is focused on the discovery, development and commercialization of targeted therapies for women's cancers. Olema plans to raise $170 million from 10 million offered shares at a price range of $16 to $18 each. The company's lead candidate is currently in Phase I/II clinical trials in breast cancer patients, with initial data expected in the second half of 2021.</p><p class='black-text'><b>NeoGames S.A.</b> <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/NGMS"><span style="color:#333">(</span><span style=";">NGMS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="NGMS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="NGMS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="NGMS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> is an online lottery and gaming technology and services provider planning to raise $72 million from offering 4.8 million shares at a price range of $14 to $16 in its debut. The company is fast growing, and its customer base is expanding at a rapid rate, with monthly active users growing 70% year-over-year for the first nine months of 2020. Major competitors to NeoGames include International Game Technology <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/IGT"><span style="color:#333">(</span><span style=";">IGT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="IGT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="IGT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="IGT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Scientific Games <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SGMS"><span style="color:#333">(</span><span style=";">SGMS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SGMS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SGMS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SGMS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> are down 29% and up 28% for their respective year-to-dates.</p> http://www.pws.io/long-awaited-unicorn-doordash-finally-files-ipo Mon, 16 Nov 2020 12:43:07 -0500 Rachel Hemple Market Update: Benchmarks End Week Higher Following Extended Vaccine Optimism http://www.pws.io/market-update-benchmarks-end-week-higher-following-extended-vaccine-optimism <p class='black-text'>Stocks rebounded on Friday from Thursday's lows, leading all three major benchmarks to weekly gains. However, there is still an undercurrent of uncertainty flowing through sentiment as coronavirus cases in the United States and Europe continued to surge to unseen levels, forecasting a grim winter. For the week, Dow Jones rose over 4%, the S&P 500 increased 2.2% and the Nasdaq gained just under 1%.</p><p class='black-text'>The University of Michigan's Surveys of Consumers consumer sentiment index unexpectedly dropped to its lowest level since August at 77.0 in November from 81.8 in October, according to the preliminary monthly survey. Consensus economist had expected the index to rise to 82.0.</p><p class='black-text'>"The outcome of the presidential election as well as the resurgence in covid infections and deaths were responsible for the early November decline," Richard Curtin, chief economist for the University of Michigan's Surveys of Consumers, said in a statement. "Interviews conducted following the election recorded a substantial negative shift in the Expectations Index among Republicans, but recoded no gain among Democrats...Note that Republicans now voice the least favorable economic expectations since Trump took office, and Democrats have voices more positive expectations."</p><p class='black-text'><b>Here's how the market closed out the week: </b></p><p class='black-text'>S&P 500 Index <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SPY"><span style="color:#333">(</span><span style=";">SPY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SPY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SPY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SPY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>: +1.36% or +48.14 points to 3,585.15</p><p class='black-text'>Dow Jones Industrial Average <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/DIA"><span style="color:#333">(</span><span style=";">DIA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="DIA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="DIA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="DIA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>: +1.37% or +339.64 points to 29,470.81</p><p class='black-text'>Nasdaq Composite Index <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/QQQ"><span style="color:#333">(</span><span style=";">QQQ</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="QQQ" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="QQQ" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="QQQ" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>: +1.02% or +119.7 points to 11,829.29</p><p class='black-text'><i>For Stock News</i>, travel and reopening names rose on Friday as the market cycled back into cyclicals: American Airlines <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AAL"><span style="color:#333">(</span><span style=";">AAL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AAL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AAL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AAL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Boeing <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BA"><span style="color:#333">(</span><span style=";">BA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Carnival <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/CCL"><span style="color:#333">(</span><span style=";">CCL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="CCL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="CCL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="CCL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Delta <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/DAL"><span style="color:#333">(</span><span style=";">DAL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="DAL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="DAL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="DAL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Disney <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/DIS"><span style="color:#333">(</span><span style=";">DIS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="DIS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="DIS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="DIS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Norwegian <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/NCLH"><span style="color:#333">(</span><span style=";">NCLH</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="NCLH" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="NCLH" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="NCLH" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Royal Caribbean <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/RCL"><span style="color:#333">(</span><span style=";">RCL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="RCL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="RCL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="RCL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and United Airlines <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/UAL"><span style="color:#333">(</span><span style=";">UAL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="UAL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="UAL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="UAL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>. Major stay-at-home names were pressured on Friday, with Peloton <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/PTON"><span style="color:#333">(</span><span style=";">PTON</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="PTON" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="PTON" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="PTON" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Zoom Video <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/ZM"><span style="color:#333">(</span><span style=";">ZM</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="ZM" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="ZM" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="ZM" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> slumping lower. Palantir Technologies <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/PLTR"><span style="color:#333">(</span><span style=";">PLTR</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="PLTR" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="PLTR" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="PLTR" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Unity Software <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/U"><span style="color:#333">(</span><span style=";">U</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="U" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="U" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="U" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> rose higher after both companies reported respective quarterly earnings beat, their first since going public.</p><p class='black-text'><i>For Sector Performance</i>, all sectors on the S&P rose on Friday. Energy <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLE"><span style="color:#333">(</span><span style=";">XLE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> was the biggest gainer, rising over 3% on Friday and skyrocketing over 17% for the week. Real Estate <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLRE"><span style="color:#333">(</span><span style=";">XLRE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLRE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLRE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLRE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Industrials <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLI"><span style="color:#333">(</span><span style=";">XLI</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLI" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLI" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLI" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> rose over 2%, while Materials <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLB"><span style="color:#333">(</span><span style=";">XLB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Financials <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLF"><span style="color:#333">(</span><span style=";">XLF</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLF" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLF" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLF" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Consumer Staples <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLP"><span style="color:#333">(</span><span style=";">XLP</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLP" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLP" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLP" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Consumer Discretionary <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLY"><span style="color:#333">(</span><span style=";">XLY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Health Care <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLV"><span style="color:#333">(</span><span style=";">XLV</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLV" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLV" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLV" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Communication Services <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLC"><span style="color:#333">(</span><span style=";">XLC</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLC" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLC" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLC" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> gained over 1%. Information Technology <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLK"><span style="color:#333">(</span><span style=";">XLK</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLK" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLK" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLK" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> gained the least, as Advanced Micro Devices <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AMD"><span style="color:#333">(</span><span style=";">AMD</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AMD" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AMD" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AMD" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Nvidia <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/NVDA"><span style="color:#333">(</span><span style=";">NVDA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="NVDA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="NVDA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="NVDA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> were pressured by gains from Cisco Systems <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/CSCO"><span style="color:#333">(</span><span style=";">CSCO</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="CSCO" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="CSCO" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="CSCO" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>.</p><p class='black-text'><i>For Commodities and Currency</i>, the <b>U.S. Dollar</b> <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/UUP"><span style="color:#333">(</span><span style=";">UUP</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="UUP" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="UUP" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="UUP" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> fell on Friday as a wave of new coronavirus cases in the United States and Europe subdued risk appetites that were ignited earlier this week following promising vaccine news from Pfizer <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/PFE"><span style="color:#333">(</span><span style=";">PFE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="PFE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="PFE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="PFE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and BioNTech <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BTNX"><span style="color:#333">(</span><span style=";">BTNX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BTNX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BTNX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BTNX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>. The dollar index slipped 0.18% against a basket of global currencies, but rose over 0.5% for the week. <b>Gold</b> <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GLD"><span style="color:#333">(</span><span style=";">GLD</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GLD" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GLD" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GLD" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> prices rose on Friday as global coronavirus cases continued to rise, threatening economic growth heading into 2021. Spot gold rose 0.5% to $1,884.76 per ounce, yet fell over 3% for the week. Gold futures settled 0.7% higher at $1,886.20 per ounce. <b>Crude</b> oil futures dropped more than 2% on Friday, impacted by increased output from Libya and increased coronavirus fears surrounding economic growth and fuel demand. International benchmark Brent Crude <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BNO"><span style="color:#333">(</span><span style=";">BNO</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BNO" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BNO" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BNO" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> was down 1.7% at $42.78 per barrel, while West Texas Intermediate <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/USO"><span style="color:#333">(</span><span style=";">USO</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="USO" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="USO" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="USO" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> fell 2.4% lower to $40.13 each. However, vaccine hopes kept crude futures higher for the week, with both benchmarks gaining over 8%.</p><p class='black-text'><i>For the week ahead</i>, expect the market to continue to swing back and forth following coronavirus headlines.</p> http://www.pws.io/market-update-benchmarks-end-week-higher-following-extended-vaccine-optimism Fri, 13 Nov 2020 17:15:27 -0500 Rachel Hemple Alibaba Tops Earnings Expectations, Stock Remains Weak on Ant Listing Delay http://www.pws.io/alibaba-tops-earnings-expectations-stock-remains-weak-on-ant-listing-delay <p class='black-text'>Alibaba <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BABA"><span style="color:#333">(</span><span style=";">BABA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BABA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BABA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BABA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> delivered third-quarter results that topped analysts' expectations. However, its stock remained weak on concerns about Chinese regulators delaying the Ant Financial Group IPO listing. Alibaba owns about 35% of Ant Financial.</p><p class='black-text'>Overall, the earnings indicate that Alibaba's primary eCommerce and cloud computing business remain strong and have considerable momentum. Yet, the stock is nearly 20% off its all-time high set in late-October. Ironically, many Chinese Internet stocks are actually trading at new highs based on the strength in China's economy and expectations that a President-elect Joe Biden's administration will lead to a relaxation in tensions between the U.S. and China.</p><p class='black-text'><i>Inside the Numbers</i></p><p class='black-text'>Alibaba saw 30% revenue growth compared to last year's same quarter and slightly topped expectations. There were many positive indications about the Chinese economy in the report as apparel sales were above pre-coronavirus levels. Additionally, Alibaba noted that it added 10% more customers to its platform for a total 757 million.</p><p class='black-text'>Even more impressive was Alibaba's cloud unit which saw a 60% increase in revenue. Management said it expects its cloud unit to become profitable by the end of the year.</p><p class='black-text'>Given that Amazon's <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AMZN"><span style="color:#333">(</span><span style=";">AMZN</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AMZN" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AMZN" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AMZN" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> AWS and Microsoft's <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/MSFT"><span style="color:#333">(</span><span style=";">MSFT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="MSFT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="MSFT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="MSFT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> Azure have become profit centers, most expect Alibaba to follow suit. Additionally, cloud penetration in Asia remains quite low which indicates more upside for Alibaba's cloud business. Currently, Alibaba is fourth behind AWS, Azure, and Google <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GOOG"><span style="color:#333">(</span><span style=";">GOOG</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GOOG" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GOOG" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GOOG" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> Cloud.</p><p class='black-text'><i>Stock Price Outlook</i></p><p class='black-text'>In addition to its cloud and eCommerce business, Alibaba has fintech exposure via Ant Group and a growing artificial intelligence (AI) division. This makes it more likely that Alibaba's growth will continue in the coming years.</p><p class='black-text'>Its recent dip could be a good buying opportunity. Although the Ant Financial delay is a setback, it doesn't meaningfully affect the value of Alibaba or Ant Financial's business. Compared to its U.S. counterparts, Alibaba is cheaper with a forward price to earnings ratio of 21. Despite being cheaper, it's growing faster with its 30% revenue growth.</p><p class='black-text'>Additionally, Alibaba is more dominant in its domestic market which may have more upside due to a larger, more undeveloped population. It's also more diversified given its exposure to eCommerce, cloud computing, and fintech.</p><p class='black-text'>The U.S. analogy would be some combination of Amazon and Paypal <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/PYPL"><span style="color:#333">(</span><span style=";">PYPL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="PYPL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="PYPL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="PYPL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>. However, while Amazon is the leader in consumer-based eCommerce like Alibaba; Alibaba also has a business-to-business eCommerce marketplace.</p> http://www.pws.io/alibaba-tops-earnings-expectations-stock-remains-weak-on-ant-listing-delay Fri, 13 Nov 2020 12:15:36 -0500 Jaimini Desai GM Ups Ante in Electric Vehicle Race with New Programs http://www.pws.io/gm-ups-ante-in-electric-vehicle-race-with-new-programs <p class='black-text'>General Motors <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GM"><span style="color:#333">(</span><span style=";">GM</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GM" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GM" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GM" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> is upping the ante in the race for dominance of the electric vehicle with two new programs and hiring new workers to fill new positions within the company. GM's aggressive push for EV market dominance has driven its share price up and caused a target revision as analysts reevaluate the company's future.</p><p class='black-text'>GM has been rapidly accelerating its EV program over the last year or so, with the company previously stating that it intends to have a <a href="https://www.pws.io/the-future-of-gm-the-ultium-drive-and-flying-cars">fully electric lineup</a> in the future. At the core of the company's future is the Ultium Drive, a system of interchangeable drive units that can be installed on and swapped between any of GM's vehicles.</p><p class='black-text'>Now, GM is rolling out "two major programs" to further its EV ambitions. While GM hasn't provided many details on what these programs entail, the company is set to hire some 3,000 new workers to fill new vacancies created by the programs.</p><p class='black-text'>"The vehicles that we've announced, like the Hummer EV and the Cadillac Lyriq, we're already well on the way on those, but we want to advance the entire EV portfolio," <a href="https://www.reuters.com/article/us-gm-evs/gm-speeds-rollout-of-two-major-ev-programs-to-hire-3000-tech-jobs-idUSKBN27P2CZ">said GM Vice President of Electric and Autonomous Programs Ken Morris</a>.</p><p class='black-text'>GM's fully electric vehicle lineup, including the electric Hummer mentioned by Morris, would put the company on par with current industry leader Tesla <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TSLA"><span style="color:#333">(</span><span style=";">TSLA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TSLA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TSLA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TSLA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, whose entire lineup is entirely electric. GM's lineup's most promising feature will likely be its electric pickups and SUVs, <a href="https://www.cnbc.com/2020/11/07/tesla-gm-rivian-lordstown-and-the-electric-pickup-truck-race.html">given American consumers' affinity for pickups. </a>The promise of an electric Hummer, at one point, one of the most popular SUV's on the market despite its abysmal gas mileage, and electric pickups could help GM challenge Tesla for market dominance and potentially help it outpace its contemporaries such as Ford <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/F"><span style="color:#333">(</span><span style=";">F</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="F" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="F" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="F" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>.</p><p class='black-text'>The aggressive focus on EV's is already garnering positive results for GM; UBS Group <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/UBS"><span style="color:#333">(</span><span style=";">UBS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="UBS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="UBS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="UBS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> <a href="https://www.cnbc.com/2020/11/10/ubs-increases-gms-price-target-to-50-on-aggressive-ev-plans.html">revised its price target</a> for GM to $50, a considerable increase from the previous target of $34. UBS noted that GM is "fully on track and likely enjoys strong momentum well into 2021", noting its focus on EVs and voicing a belief that it will drive GM's success well into the future.</p> http://www.pws.io/gm-ups-ante-in-electric-vehicle-race-with-new-programs Fri, 13 Nov 2020 11:47:49 -0500 Michael Mooney Caution: Possible Volatility Ahead http://www.pws.io/caution-possible-volatility-ahead <p class='black-text'>There are two threats looming over stock market sentiment currently: a possible contested U.S. presidential election and the unabated surge in coronavirus infections. These two destabilizing situations do not bode well for market growth, with another period of high volatility to be expected as the market searches for direction.</p><p class='black-text'>Since, President-elect Joe Biden was projected to be the winner of the 2020 presidential election earlier this month, outgoing President Donald Trump's campaign has launched multiple legal challenges and has called for recounts in key swing states, claiming the projected outcome of the election came from fraudulent ballots.</p><p class='black-text'>These efforts by Trump and his election campaign have been criticized by Biden's campaign and other legal authorities for lacking substantive evidence of fraud. Even if the Trump campaign can prove that ballots were casted illegally, they would need to produce evidence that tens of thousands of ballots where improperly cast to erase Biden's led in any state.</p><p class='black-text'>The threat of Trump not conceding despite the election results is currently taking place during the largest coronavirus outbreak the nation has seen since the beginning of the pandemic. This week, Texas and California became the first states to surpass one million total infections, with the U.S. topping 150,000 new cases on Thursday, shattering previous records at an almost daily pace. Hospitalizations are also on the rise, forecasting a grim winter that is to come if these disturbing trends are allowed to continue unhindered.</p><p class='black-text'><i>Planning Ahead</i></p><p class='black-text'>If there's one word to describe 2020, that word would be unpredictably. Market volatility has surged to its highest levels since the Financial Crisis on 2008 in March as the coronavirus pandemic dramatically impacted the global economy. These levels of uncertainty have not gone away, with the market continuing to go through swings of gains and losses depending on the changing outlooks surrounding the pandemic.</p><p class='black-text'>Investors have sought to profit from the wild market swings that 2020 has brought through volatility exchange-traded funds which track the Chicago Board Option Exchange Market Volatility Index (VIX). VIX, known as the stock market's "Fear Index," represents the market's volatility expectations for the next 30 days, derived from the prices of S&P 500 Index <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SPY"><span style="color:#333">(</span><span style=";">SPY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SPY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SPY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SPY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> options.</p><p class='black-text'>ETFs that track the VIX rise and fall alongside the index's movements, but at different rates depending on how they are constructed. Market participants usually hold these types of ETFs for short periods of time, betting on how long the high volatility period will last to profit from the uneasy trading conditions.</p><p class='black-text'>There are about five VIX-tracking ETFs, with three greatly outperforming the S&P 500 for their year-to-date: <b>iPath S&P 500 Dynamic VIX ETN </b><nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XVZ"><span style="color:#333">(</span><span style=";">XVZ</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XVZ" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XVZ" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XVZ" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, <b>iPath Series B S&P 500 VIX Mid-Term Futures ETN</b> <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/VXZ"><span style="color:#333">(</span><span style=";">VXZ</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="VXZ" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="VXZ" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="VXZ" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, and <b>ProShares VIX Mid-Term Futures ETF </b><nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/VIXM"><span style="color:#333">(</span><span style=";">VIXM</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="VIXM" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="VIXM" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="VIXM" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, each rising about 90%, 72%, and 71%, respectively, while the S&P 500 has gained about 10% so far this year.</p> http://www.pws.io/caution-possible-volatility-ahead Fri, 13 Nov 2020 11:43:45 -0500 Rachel Hemple Top Healthcare CEOs Reflect on Changing Industry Amid Pandemic http://www.pws.io/top-healthcare-ceos-reflect-on-changing-industry-amid-pandemic <p class='black-text'>With arguably the <a href="https://healthcaremba.gwu.edu/blog/how-we-can-expect-the-healthcare-industry-to-change-in-the-future/" target="_blank">most complex healthcare sector in the world</a>, change for the U.S. healthcare industry has not historically been rapid. However, with the coronavirus pandemic and growing necessity for more digitization when it comes to patient care, change has occurred quite rapid. Top industry leaders believe these changes are only the beginning.</p><p class='black-text'>Business Insider spoke with a number of healthcare leaders about the future of the sector, and according to many industry CEOs--despite the dangers of the coronavirus itself, furloughs, pay cuts, and a general uncertain future--a number of advances during the pandemic have shown great promise.</p><p class='black-text'>According to Giovanni Caforio, CEO of Bristol Myers Squibb <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BMY"><span style="color:#333">(</span><span style=";">BMY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BMY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BMY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BMY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, the healthcare industry is "learning valuable lessons on being nimble, collaborating in new ways and leveraging talent." He pointed out that, despite the inherent tragedy and risk associated with COVID-19, there's also been more potential to reinforce collaboration within and between academics, government, and private companies as everyone focuses on managing and combating the virus. "The <a href="https://www.businessinsider.com/whats-next-ceos-future-leaders-200-healthcare-covid-19-2020-5#ido-schoenberg-co-ceo-of-american-well-we-are-in-for-a-challenging-period-as-a-nation-1" target="_blank">virus has brought out some of the best in humanity</a>," Caforio praised, "through a strong focus on philanthropy and relief efforts, science and innovation, and incredible support for the health care workers and those on the front lines."</p><p class='black-text'>When it comes to digitizing healthcare and advancing innovation, ChristianaCare CEO Janice Nevin noted, "We accomplished two to three years of work in about two to three weeks." Even before the coronavirus, she and her team predicted that everything would move toward the digital. When that became a necessity, the task was able to be accomplished in much less time than earlier imagined. Nevin believes that <a href="https://www.businessinsider.com/whats-next-ceos-future-leaders-200-healthcare-covid-19-2020-5#ido-schoenberg-co-ceo-of-american-well-we-are-in-for-a-challenging-period-as-a-nation-1" target="_blank">digitization and virtual patient monitoring</a> won't end with coronavirus but that these innovations will continue to help many more patients who represent a variety of conditions. According to Nevin, "Everything we learned about managing COVID-19 on the virtual monitoring practice <a href="https://www.businessinsider.com/whats-next-ceos-future-leaders-200-healthcare-covid-19-2020-5#ido-schoenberg-co-ceo-of-american-well-we-are-in-for-a-challenging-period-as-a-nation-1" target="_blank">can be applied to multiple chronic diseases</a>, including diabetes, congestive heart failure, chronic obstructive pulmonary disease, and asthma."</p><p class='black-text'>However, change has obviously not all been positive. American Well <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AMWL"><span style="color:#333">(</span><span style=";">AMWL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AMWL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AMWL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AMWL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> co-CEO Ido Schoenberg commented, "We are in for a challenging period as a nation," noting that the fact that <a href="https://www.businessinsider.com/whats-next-ceos-future-leaders-200-healthcare-covid-19-2020-5#ido-schoenberg-co-ceo-of-american-well-we-are-in-for-a-challenging-period-as-a-nation-1" target="_blank">many elderly and chronically ill are stuck at home</a> creates numerous burdens and challenges. Indeed, for those unable to socialize or exercise enough, this may present many mental health challenges, in addition to the already overwhelming stakes when it comes to physical health management. The overall impact of this tendency on the mental health system has yet to be realized.</p><p class='black-text'>Cambia Health Solutions CEO Mark Ganz believes that we're on the verge of a "<a href="https://www.businessinsider.com/whats-next-ceos-future-leaders-200-healthcare-covid-19-2020-5" target="_blank">mental health epidemic</a>" due to the virus. Ganz pointed out that mental and physical health are interrelated, and that the path toward healing in this country may involve not neglecting mental health for the sake of monitoring physical health. "There's an opportunity for this country to realize that mental health and physical health are not so different," he said. "They are completely interrelated and one of the paths to people getting physically healthy is going to be paying better attention to their mental health."</p> http://www.pws.io/top-healthcare-ceos-reflect-on-changing-industry-amid-pandemic Fri, 13 Nov 2020 11:31:40 -0500 Rebecca O'Bern