Tuesday, 18 February 2020

The coronavirus outbreak will hurt Q1 earnings. Here's why investors shouldn't freak out just yet

Apple's surprise warning that it won't meet its first quarter revenue guidance because of the coronavirus virus sent tremors through global financial markets. Investors awoke Tuesday to the idea that other companies with exposure to China might not meet their first quarter earnings expectations, either.
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The coronavirus outbreak will hurt Q1 earnings. Here's why investors shouldn't freak out just yet
Apple's surprise warning that it won't meet its first quarter revenue guidance because of the coronavirus virus sent tremors through global financial markets. Investors awoke Tuesday to the idea that other companies with exposure to China might not meet their first quarter earnings expectations, either. Read more »
 
Mike Bloomberg might not be Wall Street's BFF after all
Mike Bloomberg might be Wall Street's preferred Democratic presidential candidate, but the billionaire is nonetheless vowing to crack down on the financial industry. Read more »
 
Blue Apron revolutionized meal kits but investors think it's toast
Blue Apron is leaving a bad taste in the mouths of its investors. Read more »
 
Virgin Galactic shares have skyrocketed more than 200% already this year
Shares of Richard Branson's Virgin Galactic soared more than 20% Tuesday, putting the private space company on track for a seventh straight day of gains. The stock is now up a stunning 205% so far in 2020. Read more »
 
Trump pardons junk bond king Michael Milken
President Donald Trump said Tuesday that he was granting clemency to Michael Milken, the legendary bond king from the 1980s who served several years in prison for violating securities laws and has since become a prominent philanthropist. Read more »
 
Walmart's holiday season 'wasn't as good as expected'
Walmart, America's largest retailer, reported subpar holiday sales Tuesday, reflecting a weak holiday shopping season for the brick-and-mortar retail industry. Read more »
 
 
 
 
Dow Nasdaq S&P
-165.89   +1.57   -9.87
29,232.19   9,732.74   3,370.29
-0.56%   +0.02%   -0.29%
YTD +2.43%   YTD +8.47%   YTD +4.32%
 
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Leidos Holdings Inc +9.23%
 
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Vulcan Materials Co -6.67%
 
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