|Bid||160.10 x 1000|
|Ask||159.00 x 1300|
|Day's Range||155.54 - 172.92|
|52 Week Range||89.00 - 398.66|
|Beta (5Y Monthly)||1.35|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb 12, 2020|
|1y Target Est||N/A|
* Benzinga has examined the prospects for many investor favorite stocks over the past week. * Bullish calls included a beleaguered aerospace giant, video streaming leader and a top retailer. * Bearish calls included a big bank and a leading electric vehicle maker.Despite a rough close on Friday, we saw a bear market rally last week, with the Dow Jones industrials ending more than 16% higher, the Nasdaq up over 9% and S&P 500 in between. Agreement on an economic stimulus package prompted the optimism, but the COVID-19 pandemic continued to dominate the headlines and among other things was responsible for record jobless claims last week.As usual, Benzinga continues to examine the prospects for many of the stocks most popular with investors. Here are some of this past week's most bullish and bearish posts that are worth another look.Bulls In Shanthi Rexaline's "Boeing Analyst Turns Bullish After Deep Sell-Off," see why a key analyst found something to like about Boeing Co (NYSE: BA). Has the beleaguered aerospace giant taken a turn for the better?Netflix, Inc. (NASDAQ: NFLX) benefits from COVID-19, according to Wayne Duggan's "Netflix Download Data Suggests 'Top And Bottom Line Outperformance' Due To Social Distancing."In "Analysts Mostly Impressed With Nike's China Recovery," Jayson Derrick shares some takeaways from the most recent Nike Inc (NYSE: NKE) quarterly report. See how it managed coronavirus-related disruptions in China.Priya Nigam's "BofA Upgrades Micron Technology On Rising Datacenter Chip Demand" examines the new growth opportunities for Micron Technology, Inc. (NASDAQ: MU) despite a slowing global economy."Target Analysts React To Pandemic Business Update, Credit Suisse Sees Long-Term Positives" by Jayson Derrick looks at reactions to the Target Corporation (NYSE: TGT) update on sales trends.For additional bullish calls, also have a look at Rise In Semiconductor, Cloud Computing Stocks Could Set Tone For Broader Economy and Cramer Reveals Stock Favorites, Says Intuitive Surgical A 'Winner'.Bears "JPMorgan Chase Falls On Downgrade, Analyst Says Valuation Reflects Its Revenue Power" by Priya Nigam looks at why Fed rate cuts will hurt JPMorgan Chase & Co. (NYSE: JPM) even if its balance sheet continues to grow.Shanthi Rexaline's "Argus Downgrades Tesla On Coronavirus Impact, Slashes 2020 Delivery Forecast By 19%" suggests that the pandemic will hurt Tesla Inc (NASDAQ: TSLA) this year.A strong balance sheet and healthy dividend are not enough to lift Caterpillar Inc. (NYSE: CAT). So says "BofA Downgrades Caterpillar, Strengths Not Enough To Offset Energy Exposure" by Priya Nigam.Be sure to check out Leon Cooperman, Others Weigh In On Whether The Stock Market Has Hit Bottom and The 2008 Playbook Suggests We Haven't Seen The Market Bottom Yet for additional bearish calls.Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.See more from Benzinga * Bulls And Bears Of The Week: Amazon, Boeing, Coca-Cola And More * Bulls And Bears Of The Week: Apple, Boeing, FANGs And More * Bulls And Bears Of The Week: Apple, Chesapeake, GE And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Analysts are reassessing the $4.2 billion price Boeing agreed to pay in 2017, and some think it might be too high in the current aerospace environment where jet makers have been hit with a global slowdown.
Wall Street stocks tumbled on Friday, ending a massive three-day surge after doubts about the fate of the U.S. economy resurfaced and the number of coronavirus cases in the country climbed. U.S. stocks deepened their losses late in the session, even after the House of Representatives approved a $2.2 trillion aid package - the largest in American history - to help people and companies cope with an economic downturn caused by the coronavirus outbreak and provide hospitals with urgently needed medical supplies.
Wall Street stocks tumbled on Friday, ending a massive three-day surge after doubts about the fate of the U.S. economy resurfaced and the number of coronavirus cases in the country climbed. U.S. stocks deepened their losses late in the session, even after the House of Representatives approved a $2.2 trillion aid package - the largest in American history - to help people and companies cope with an economic downturn caused by the coronavirus outbreak and provide hospitals with urgently needed medical supplies. The United States has surpassed China and Italy as the country with the most coronavirus cases.
A stock market rally bid got underway as Congress OK'd a coronavirus stimulus and jobless claims exploded. Micron and Nike earnings beat.
Halting a three-day winning streak, stocks tumbled Friday as investors appeared to sell the news on the House of Representatives passing the $2 trillion stimulus and as coronavirus case data grew increasingly ominous.Source: Provided by Finviz * The S&P 500 slid 3.37% * The Dow Jones Industrial Average lost 4.12% * The Nasdaq Composite dropped 3.79% * In a best-to-worst reversal, Boeing (NYSE:BA) was the Dow's worst-performing name today after soaring on Wednesday and Thursday.Likely weighing on riskier assets Friday are reports that the COVID-19 case tally in the U.S. is now above 95,000, meaning the U.S. now has far more cases than China. Of course, that's assuming China is publishing accurate numbers, which it probably isn't, but that's a conversation for another time and place.InvestorPlace - Stock Market News, Stock Advice & Trading TipsDeaths in Italy, one of the epicenters of the coronavirus, surged about 10% in a day and the past 24 hours have been deadliest period in the U.S., with the death toll reaching 265. * 10 Stocks to Buy That Will Benefit From Coronavirus Mayhem New York is being dubbed the epicenter of U.S. coronavirus cases, but confirmations are soaring across the country -- from Nevada to Louisiana and more. The rising case count could be the result of increased testing, which is a positive because more testing allows healthcare professionals to more accurately diagnose and help those in need. However, the pressure on markets is derived from the fact that there simply is no timeline for when life in the U.S. will return to normal.That lack of clarity gets us to an all too familiar scenario: 24 of 30 Dow stocks pointed lower in late trading. Oil WoesExxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) may be able to hold their dividends steady, but that might be the extent of the good news coming from the oil giants over the near-term because the energy sector is awash in problems that aren't going away anytime soon.With oil prices poised for the worst quarterly performance in three decades, producers shuttered 40 rigs this week and it appears North American producers are bracing for a significant slowdown as 2020 moves along because there's simply too much supply and not enough demand to stoke anything more than short covering rallies in the oil futures market. Dour News For DisneyDisney (NYSE:DIS) is again proving to be one of the more coronavirus-sensitive Dow stocks. The stock was hammered today after research firm Moffett-Nathanson said Disney could lose $3.4 billion in revenue due to the closures of Disneyland and Disney World."Putting it all together, despite the fall in Disney's stock price to date, we think the combination of COVID-19 impacts and an ensuing recession will cause unprecedented pain here," said Moffett-Nathanson. Not Liking What They SeeAnalysts are looking at industrial machinery makers, including Caterpillar (NYSE:CAT) and unsurprisingly, they don't like what they see with economically-sensitive group.CAT fell about 3% today after Bank of America downgraded the stock from "buy" to "hold" while cutting its price target to from $123 to $115. Analyst Ross Gilardi said investors shouldn't expect energy and mining companies to rapidly boost equipment spending after the COVID-19 scenario abates. P&G PowerAs noted above, there were a handful of Dow winners today, but the real star was Procter and Gamble (NYSE:PG), which jumped over 6% thanks to an upgrade by Stifel Nicolaus analyst Mark Astracha."We view valuation as reasonable given heightened macroeconomic uncertainty, consistent free cash flow, and current 2.8% dividend yield," said the analyst in a note to clients. Bottom Line on the Dow Jones TodayEarlier this week, I mentioned that first-quarter earnings season will soon be starting and the results are likely to be ugly. Data confirm my theory as Refinitv points out there have already been 84 negative pre-announcements among S&P 500 members compared to just 39 on the positive side."The S&P 500 is expected to enter an earnings recession, two consecutive quarters of year-over-year declines, starting in 20Q1 and analysts now expect to see full year 2020 earnings decline 0.2% from the prior year," said the research firm. "This would be the first full year earnings decline since 2009's -5.8%."Todd Shriber has been an InvestorPlace contributor since 2014. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * America's Richest ZIP Code Holds Wealth Gap Secret * 10 Stocks to Buy That Will Benefit From Coronavirus Mayhem * 5 Bank Stocks to Buy Now Because This Isn't 2008 Again * 12 Stocks to Buy That Are Already Positive The post Dow Jones Today: Stimulus Falters Under Soaring Coronavirus Numbers appeared first on InvestorPlace.
Boeing has no intention to take government aid, Treasury Secretary Steve Mnuchin said, after reports said it was seeking $60 billion for the aerospace industry.
The Dow Jones Industrial Average ended another volatile week lower Friday, but not before the blue-chip index notched its best weekly gain since 1938, as President Donald Trump was set to sign into law an important coronavirus rescue package just after the market's close. The Dow fell 915 points, or 4.1%, at around 21,636, the S&P 500 index closed 89 points, or 3.4%, at 2,542, while the Nasdaq Composite Index ended the session down 3.7% at around 7,502. For the week, the Dow booked a gain of 12.8%, which marks its best weekly gain since 1938, according to FactSet data. The S&P 500 notched a weekly gain of 10.3%, representing its sharpest weekly rise since 2008, while the Nasdaq Composite Index booked a 9.1% weekly gain. In addition to the fiscal response, the week was marked by the Federal Reserve announcing an unlimited bond-buying program to loosen seized up parts of the financial markets. All these factors helped to boost the market but deep-set worries about when he virus will ultimately peak as investors worried. Trump's planned signing of the coronavirus relief package would follow news that the U.S. has become the country with the highest number of COVID-19 cases. It also comes after a record 3.28 million Americans applied for unemployment benefits last week due to the outbreak, earlier in the week, highlighting growing signs of the impact of the deadly infection. The turbulent week also saw the Dow and the S&P 500 notch three straight days of gains, until Friday, as investors cheered the planned fiscal measures by the U.S. government. Moves in the Dow were aided by a comeback for the ages from blue-chip component Boeing Co. which surged 70.5% for the week, marking its best weekly gain ever, according to Dow Jones Market Data. The aeronautics maker has been hammered by the slowdown in travel and the grounding of its 737 MAX fleet of jets.
The Boeing Co. has publicly distanced itself this week from a need for a share of the COVID-19 stimulus bill, but some on Wall Street aren’t buying the going-solo talk. On Friday, U.S. Treasury Secretary Steve Mnuchin said Boeing (NYSE: BA) had yet to request aid from the $2.2 trillion stimulus bill, which following passage in both chambers of Congress was on its way to be signed by President Donald Trump. Shares of Boeing sunk following Mnuchin’s comments, dropping 8 percent by early afternoon to $166.32 per share and helping lead a 2-percent decline in the Dow to that point.
DOW UPDATE The Dow Jones Industrial Average is slumping Friday afternoon with shares of Boeing and Chevron delivering the stiffest headwinds for the blue-chip average. The Dow (DJIA) was most recently trading 473 points (2.
The Dow Jones was firmly lower in afternoon trading Friday after a historic, three-day run. P&G; stock was a bright spot in the Dow, helped by an upgrade.
DOW UPDATE Shares of Boeing and Chevron are trading lower Friday afternoon, leading the Dow Jones Industrial Average slump. Shares of Boeing (BA) and Chevron (CVX) have contributed to the index's intraday decline, as the Dow (DJIA) was most recently trading 469 points lower (-2.
Wall Street fell on Friday, ending a massive three-day surge as doubts about the fate of the U.S. economy resurfaced and the number of coronavirus cases in the country climbed. U.S. stock indexes trimmed deeper losses after the House of Representatives approved a $2.2 trillion aid package - the largest in American history - to help people and companies cope with an economic downturn caused by the coronavirus outbreak and provide hospitals with urgently needed medical supplies. The United States has surpassed China and Italy as the country with the most coronavirus cases.
U.S. Treasury Secretary Steve Mnuchin said on Friday that taxpayers will "compensated" for providing up to $25 billion in direct grants to the airline industry. "I've been very clear this is not an airline bailout," Mnuchin told Fox Business Network Friday. Under the bill approved Friday by the U.S. House of Representatives, Mnuchin can demand equity, warrants or other financial instruments to "provide appropriate compensation to the federal government."
DOW UPDATE The Dow Jones Industrial Average is slumping Friday afternoon with shares of Boeing and JPMorgan Chase seeing the biggest drops for the blue-chip average. Shares of Boeing (BA) and JPMorgan Chase (JPM) are contributing to the index's intraday decline, as the Dow (DJIA) was most recently trading 530 points, or 2.
DOW UPDATE Behind declines for shares of Boeing and JPMorgan Chase, the Dow Jones Industrial Average is slumping Friday afternoon. The Dow (DJIA) was most recently trading 550 points, or 2.4%, lower, as shares of Boeing (BA) and JPMorgan Chase (JPM) are contributing to the blue-chip gauge's intraday decline.
"We have still not fully understood the degree of the economic impact," said Massud Ghaussy, senior analyst at Nasdaq IR Intelligence in New York. The U.S. House of Representatives on Friday approved a $2.2 trillion aid package - the largest in American history - to help individuals and companies cope with an economic downturn caused by the coronavirus outbreak and provide hospitals with urgently needed medical supplies.
The stock market was slowly bouncing back but remained sharply lower Friday afternoon, while Boeing stock suffered another blow.
The Dow Jones industrials moved off session lows but were still sharply lower midday, after a sharp drop in consumer sentiment.
U.S. Treasury Secretary Steve Mnuchin said on Friday that the coronavirus economic stimulus bill before Congress is not an airline bailout and that taxpayers will be compensated for relief given to companies hobbled by the global pandemic. At the same time, Mnuchin said in an interview with Fox Business Network that plane-maker Boeing Co has not requested government help. "I've been very clear this is not an airline bailout," Mnuchin said.
U.S. President Donald Trump said on Friday the United States would produce 100,000 ventilators in 100 days and said he had named White House aide Peter Navarro as the coordinator of the Defense Production Act. "We're going to make a lot of ventilators," Trump said, pledging to take care of U.S. needs while also helping other countries. Trump said there was a great chance the United States would not need so many ventilators to fight the coronavirus outbreak, and would then help other countries in need.
Moody's Investors Service ("Moody's") downgraded its ratings assigned to the two Enhanced Equipment Trust Certificate financings backed by operating leases to Emirates Airline ("Emirates"): Doric Nimrod Air Finance Alpha Limited, Series 2012-1 ("2012-1"): Class A to Ba1 from Baa1 and DNA Alpha Limited, Series 2013-1 ("2013-1"): Class A to Ba1 from Baa1. Please see our reports: "Doric Nimrod Air Finance Alpha Limited Series 2012-1 Enhanced Equipment Trust Certificate: Airbus A380 Aircraft Financing for Emirates" and "DNA Alpha Limited Series 2013-1 Enhanced Equipment Trust Certificates: Airbus A380 Aircraft Financing for Emirates" available on moodys.com for details of each transaction.
Most investors buy dividend stocks for the consistent income they generate. Whether we're talking about Achievers, Aristocrats or Kings, or just plain ol' dividend payers, their income provides certainty in an uncertain world.That is, of course, until the dividend cuts and suspensions start rolling in.The global COVID-19 coronavirus pandemic has thrown a wrench into corporate dividend programs as companies of all sizes scramble to raise cash and fortify their finances. As the coronavirus has gained momentum here in the U.S., dividend investors have become concerned about the sustainability of their regular income payments - and rightly so.Inevitably, just like the Great Recession of 2008, companies one by one have begun suspending or cutting their dividends as part of their plan to fight the negative effects of this pandemic on their businesses.Here are 15 dividend stocks that have recently announced dividend cuts or suspensions, and what they plan to do to keep operations running until they get through to the other side. As you'll soon see, some industries have been more swiftly and severely impacted than others. SEE ALSO: 25 Dividend Stocks the Analysts Love the Most