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Zacks News
Stock Market News for June 5, 2020
by Zacks Equity Research
Benchmarks closed mixed on Thursday, as investors struggled with poor jobs data and a selloff among tech shares.
Why Internet Stocks & ETFs Can Keep Rising
by Neena Mishra
Internet stock are hot since they continue to gain from digital transformation
Roku (ROKU) Adds Live TV Guide, Channels to Roku Channel
by Zacks Equity Research
Roku (ROKU) adds 30 new channels and Live TV channel guide on its free, ad-supported platform, The Roku Channel to boost user engagement despite stiff competition amid coronavirus-led lockdown.
Buy Cheap Tech Stock Glu Mobile for Coronavirus Gaming Growth?
by Benjamin Rains
Glu Mobile (GLUU) shares have skyrocketed 120% since mid-March. This positivity includes a recent surge after the gaming firm boosted its second quarter guidance on the back coronavirus gaming growth...
AT&T Aims to Reduce Debt Burden to De-Risk Capital Structure
by Zacks Equity Research
In order to tide over the coronavirus-induced storm, AT&T (T) is aiming to de-lever its balance sheet while focusing on streaming services like AT&T TV and HBO Max.
Bear of the Day: Ulta Beauty (ULTA)
by Kevin Cook
Malls and strip stores may never fully recover, but this beauty will rise again and it's only trading 2X sales
Synopsys, Acushnet, CrowdStrike, Zoom and Netflix highlighted as Zacks Bull and Bear of the Day
by Zacks Equity Research
Synopsys, Acushnet, CrowdStrike, Zoom and Netflix highlighted as Zacks Bull and Bear of the Day
Buy Cheap Tech Stock Cloudera Before Earnings for Coronavirus Reliance?
by Benjamin Rains
Cloudera shares have skyrocketed 90% since March 18 as Wall Street clamors for stocks that appear immune from the coronavirus economic downturn...
CrowdStrike Earnings: Buy CRWD for Coronavirus Cybersecurity Growth?
by Benjamin Rains
The question is should investors think about buying CrowdStrike stock ahead of its upcoming first quarter fiscal 2021 earnings release, due out after the market closes on Tuesday, June 2...
Personal Income Surprises to +10.5% on Gov't Transfers
by Mark Vickery
While analysts were expecting a possible all-time low, we instead see Personal Income blossom +10.5% from a downwardly revised -2.2% in March.
Economic Data Deluge
by Zacks Equity Research
Economic Data Deluge
Dolby (DLB) Rolls Out Interactive Platform for Developers
by Zacks Equity Research
The new offering has seemingly addressed the lack of an interactive platform for customers to communicate directly with Dolby Laboratories (DLB).
Three Reasons Why the Coronavirus Economic Recovery will be Quick
by Sheraz Mian
All indicators suggest that this recession will be unlike any we have experienced in the past, with a sharp downturn in economic activities and employment, followed by a reasonably quick recovery...
3 Cheap Stocks Under $20 to Buy Now for Coronavirus Reopenings
by Benjamin Rains
Let's look at three 'cheap' stocks trading under $20 a share that investors might want to buy as the market's reopening rally grows...
Buy Zoom (ZM) Stock Before Q1 Earnings for Coronavirus Growth?
by Benjamin Rains
Zoom was one of the first superstar coronavirus stocks and it has remained a stay-at-home standout. So should investors consider buying ZM stock before it reports its Q1 results after the market closes on Tuesday, June 2?
Trump to Sign Executive Order: Social Media Giants Under Fire
by Ritujay Ghosh
An executive order could mean a lot for social media companies, which are already under the scrutiny of regulators for the way they handle personal data and their privacy policies.
3 Semiconductor Stocks to Buy for the Coronavirus Reopening Rally
by Benjamin Rains
We screened for strong chip stocks that investors might want to consider buying for the coronavirus rally and beyond...
Ralph Lauren (RL) Q4 Earnings Wider Than Expected, Sales Miss
by Zacks Equity Research
Ralph Lauren (RL) posts dismal fourth-quarter fiscal 2020 results on significant impacts of the coronavirus outbreak as well as protest-related business disruptions in Hong Kong.
4 Stocks That Are Flourishing Despite Coronavirus
by Nilanjan Banerjee
Consumer behavior has changed drastically since stringent social-distancing measures are in place. This opens up opportunities for some businesses.
Can AT&T Redefine Streaming Landscape With HBO Max Launch?
by Supriyo Bose
The much-publicized HBO Max offering is likely to enable AT&T (T) to gain a foothold in the subscription video on demand market.
Bear of the Day: The Walt Disney Company (DIS)
by Benjamin Rains
The coronavirus pandemic has dramatically impacted Walt Disney (DIS) and it fell short of both our quarterly earnings and revenue estimates on May 5...
Bull of the Day: Activision Blizzard, Inc (ATVI)
by Benjamin Rains
Activision Blizzard shares have climbed 20% in 2020 as the coronavirus-induced stay-at-home push boosts the already-booming video game industry...
How FAANG Stocks Are Defying the Coronavirus Bloodbath
by Ritujay Ghosh
Facebook, Inc. (FB) Apple (AAPL), Amazon.com, Inc. (AMZN), Netflix, Inc. (NFLX) and Alphabet, Inc.'s (GOOGL) Google have outperformed during the coronavirus pandemic.
Netflix (NFLX) Stock Sinks As Market Gains: What You Should Know
by Zacks Equity Research
Netflix (NFLX) closed the most recent trading day at $429.32, moving -1.59% from the previous trading session.
Buy FAANG Stocks, Plus MSFT as Big Tech Drives Coronavirus Market Rally?
by Benjamin Rains
The episode dives into FAANG stocks--Facebook, Apple, Amazon, Netflix, and Google--plus Microsoft to see if investors should buy any of the stocks as big tech continues to drive the current coronavirus market rally...