Honeywell International (NYSE: HON) is one of the largest industrial companies in the S&P 500. The company's balance sheet, its diverse business model, and a dividend yield that is now nearly 3% make Honeywell an attractive option -- on paper. Yet as with many large industri
Wall Street just completed one of the worst quarters in its history. First-quarter 2020 will live in infamy as the quarter that every market participant wants to forget. In contrast, the prior-year quarter witnessed the best performance in three decades.However, it is to be note
Palo Alto Networks PANW recently announced its agreement to acquire software-defined wide area network (SD-WAN) provider — CloudGenix — for approximately $420 million. Founded in 2013, CloudGenix helps its clients manage and secure network traffic at branches or distributed
As the longest bull-market run fades farther and farther into the rearview mirror, plenty of investors are looking to the future with caution-stricken eyes. With unemployment claims skyrocketing to a record 3.3 million last week and COVID-19 cases continuing to soar, anxiety abo
The COVID-19 crisis has sent the stock market on a wild ride, so much so that it plunged into bear market territory. More recently, we saw some recovery, but it's certainly too soon to declare that the bear market is over and a bull market is under way.
It's been a whirlwind of a past six weeks for Wall Street and Main Street. Since topping out on Feb. 19, it took just over three weeks for the iconic Dow Jones Industrial Average (DJINDICES: ^DJI) to dip into bear market territory, and just over four weeks for the 123-year-old i
Millions of investors follow Warren Buffett's moves very closely. In looking at the stocks that Buffett makes part of the investment portfolio at insurance giant Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), you can learn a lot about his investing style and get some ideas abou
LONDON/MILAN (Reuters Breakingviews) - Breakingviews has launched a daily column covering pandemic-related insights that you might have missed. Throughout the day, we’ll bring you shorter-than-usual views from columnists around the world with the same financial savvy o
Businesses all across America have suspended operations in response to the novel coronavirus. While this is necessary to "flatten the curve" (reduce the rate at which infections spread), the unfortunate reality is that millions of Americans are now facing reduced hours or layoff
When the market is moving a few tenths of percentage points on a weekly basis, it's easy to practice patience and a methodical investment process. It's times like this, though, when 5% swings seem to happen on a daily occurrence, where your temperament is put to the test. These
Pharmaceutical stocks have been somewhat of a safe haven for investors as the coronavirus outbreak spread from China to the rest of the world. But as the pandemic deepened, now resulting in more than 782,000 cases worldwide, even these "safer" companies are beginning to feel th
(RTTNews) - French lender Societe Generale SA (SCGLF.PK, SCGLY.PK) announced that it is suspending fiscal 2020 targets and dividends due to the coronavirus or Covid-19 pandemic. In France, the shares were losing around 4 percent in the early morning trading on Wednesday.
Match Group (MTCH) has issued a statement warning that Q1 results are likely to fall around the low end of the previously estimated range due to the impact of Covid-19.
“While we have seen increases in engagement trends among younger users, we are seeing fewer new users joining our products. This impact is most pronounced among users over the age of 30 and varies by region, depending on the level of COVID-19 containment” the Tinder-owner explained. That's despite an increase in the number and length of conversations on Tinder, which are up anywhere from 10-30% in many countries since the outbreak started.
As a result CEO Shar Dubey moved to modify investor expectations for the current quarter, writing: “We expect the virus’s impact may make it challenging to grow revenue from Q1 to Q2 this year, although we currently believe we will have year-over-year Q2 revenue growth.”
Match also announced the delay of several product feature and press launches, including the international launch of Swipe Night on Tinder. To offset revenue decline, the company plans to reduce some expenses including marketing spend.
However, Match’s proposed separation from US media giant IAC (IAC) is still expected to close sometime in Q2, though the company adds that the timing could be impacted by the current pandemic. Overall, TipRanks reveals that Match scores a Moderate Buy consensus based on 12 analyst ratings over the last three months. With shares down 19% year-to-date, analysts are now predicting upside of 32% from current levels.
(RTTNews) - Continental AG (CTTAY.PK) said, due to business impacts from COVID-19 Pandemic, the company's Executive Board has decided to withdraw the outlook for fiscal 2020. Over 40 percent of Continental's production locations worldwide have temporarily ceased activities.
(RTTNews) - Indian shares opened lower on Wednesday, tracking weak global markets as investors continued to fret over rising coronavirus cases and tightened lockdowns across the world.
(RTTNews) - Indian shares may open a tad lower on Wednesday after the total number of
COVID-19 cases in the country reached 1397, including 1238 active cases.
(RTTNews) - The Thai stock market rebounded on Tuesday, one day after it had halted the four-day winning streak in which it had gathered almost 75 points or 7.3 percent. The Stock Exchange of Thailand now rests just above the 1,125-point plateau although it's tipped to open unde
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