Sales & Marketing news

• 'We are not out of the woods': Bond King Jeff Gundlach reopens his bets against the stock market as the coronavirus rages

  27-04-2020 23:02 via feedproxy.google.com
  Jeff Gundlach, CEO of DoubleLine, reopened a short position against the S&P 500, expecting the coronavirus' economic outlook to further tank the index.
  The investor took to CNBC on Monday to reveal his new stake, adding that the Federal Reserve's spate of policy measures aren't enough to prevent a second downturn.
  The so-called "bond king" exited the last of his stock shorts on March 18, tweeting "the profits were just too great to not harvest."
  Visit the Business Insider homepage for more s
  
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• Bed Bath & Beyond spikes 32% after reporting 85% surge in online sales (BBBY)

  27-04-2020 22:18 via feedproxy.google.com
  Shares of Bed Bath & Beyond jumped as much as 32% in Monday afternoon trading.
  The company announced on Friday that it would be bringing back some employees after experiencing an 85% surge in online sales for the month of April to date.
  The company is in the middle of a turnaround effort led by its new CEO, Mark Tritton.
  Visit Business Insider's homepage for more stories.Shares of Bed Bath & Beyond jumped as much as 32% in Monday afternoon trading to $6.89 a share. 
  The company anno
  
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• 13 stunning photos of supertankers and storage tanks reveal the global oil glut in epic proportions

  27-04-2020 22:09 via feedproxy.google.com
  
  A pandemic-led demand crunch is causing storage tanks around the world to fill up with oil that no one wants.
  Today, nearly 90% of the globe's 4.3 billion barrels of crude oil storage is full, according to the research firm Rystad Energy. The rest could fill up in as few as three weeks. 
  Most of that excess oil ends up in floating-roof storage tanks. But millions of barrels are also sitting idly in supertankers, which have nowhere to go. 
  A handful of companies like Kpler and Orbital I
  
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• Dow climbs 359 points, posts 4th straight day of gains as major economies move toward reopening

  27-04-2020 22:03 via feedproxy.google.com
  US equities climbed on Monday, extending gains from Friday's session as investors cheered economic-reopening plans.
  New York Gov. Andrew Cuomo on Sunday revealed the state's plan for a gradual recovery, a positive signal for the US's coronavirus hotspot.
  Oil missed out on the market upswing, sliding as much as 30% amid continued stress on global storage and accelerated production cuts.
  Watch major indexes update live here.
  US stocks climbed on Monday as economic-reopening plans around the world
  
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• Just 4% of US money managers have a bearish outlook for stocks in 2021, new poll finds

  27-04-2020 21:48 via feedproxy.google.com
  Barron's conducted its biannual Big Money poll in April, and the results are in.
  The poll surveyed 107 American money managers who shared their forecasts and sentiment on the stock market in 2020 and beyond.
  One of the findings from the poll was this: Just 4% of money managers are bearish on stocks in 2021. 
  Visit Business Insider's homepage for more stories.Barron's released its biannual Big Money poll over the weekend, and the results give a peek into what 107 American money managers are
  
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• INSIDER TODAY: Yes, we should waste billions and risk lives to get a vaccine

  27-04-2020 21:30 via feedproxy.google.com
  
  Hello! Welcome to the next edition of Insider Today. Please sign up here.
  As a reminder, this is an email publication that David Plotz and I are writing with the help of many of our excellent journalists. Our goal is to provide you with insight and analysis about the big stories of the day.
  Thanks as always for reading. Please feel free to reply to this email and tell us what you like or don't like, and we'll evolve and improve as we go.
  —Henry Blodget ([email protected]) and David Plotz
  
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• The US economic recovery could take 4 years after government relief efforts come up short, Guggenheim's Scott Minerd says

  27-04-2020 21:18 via feedproxy.google.com
  
  The US economy will recover in an L-shaped trend over four years, Scott Minerd, chief investment officer at Guggenheim Investments, wrote in a Sunday note.
  Lockdowns will be reversed gradually, and rolling periods of lockdown will likely continue into 2022, he added, citing a Harvard study.
  The government and Federal Reserve have helped support the economy through the virus-induced havoc, but their policies will prove to be "insufficient, misdirected, and full of unintended consequences," Minerd
  
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• GOLDMAN SACHS: Global oil storage could be maxed out in just 3 weeks, driving 'substantial volatility'

  27-04-2020 20:46 via feedproxy.google.com
  Global oil storage could hit its limit as soon as mid-May, Goldman Sachs analysts forecast in a recent client note.
  The commodity has been battered by the coronavirus pandemic's hit to demand and a slow reaction to curbing supply, creating an unprecedented inventory glut around the world.
  Hitting the storage limit would drive "substantial volatility with more spikes to the downside until supply finally equals demand," the team led by Jeff Currie wrote in a note.
  Equalizing the market would invol
  
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• A Wall Street analyst just put a rare 'sell' recommendation on Amazon's stock due to concerns about COVID-19's economic impact (AMZN)

  27-04-2020 20:40 via feedproxy.google.com
  
  R5 Capital downgraded Amazon's stock from a "buy" to "sell" rating on Monday, citing concerns of slowing growth and smaller profit margins amid COVID-19.
  It's a rare "sell" recommendation for Amazon among Wall Street analysts, as most remain bullish over the company's stock.
  The bigger concern is that consumer spending could remain suppressed for a long period as the economic recovery is expected to take time, the note said.
  Visit Business Insider's homepage for more stories.Wall Street has long
  
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• The CEO of an AI-powered hedge fund that gained as other computer-driven strategies melted down explains why tried-and-true quant models have become irrelevant

  27-04-2020 20:32 via feedproxy.google.com
  
  Toronto-based hedge fund Castle Ridge Asset Management made 2.6% in March when well-known quants like Bridgewater, Renaissance Technologies and Schonfeld Strategic Advisors were slammed. 
  The hedge fund, which is run by an AI program named Wallace, does not model or forecast for potential outcomes to market events like earnings, the firm's executives tell Business Insider.
  Instead, the system immediately reacts to a huge range of data in real time.
  This practice, known as "now-casting", has
  
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• Here are 8 companies that cut or suspended their dividends this month in coronavirus fallout (GT, IVZ, EL, SLB, ADS, DKS, LVS, GM)

  27-04-2020 19:23 via feedproxy.google.com
  As the coronavirus pandemic shuts down economies across the globe, companies are looking to strengthen their balance sheets and conserve as much cash as possible.
  One way companies are conserving cash is pausing stock buyback programs and cutting or entirely eliminating their dividends.
  Here are seven companies that either cut or suspended their dividends in the month of April.
  Visit Business Insider's homepage for more stories.As the coronavirus continues to take its toll on the global economy,
  
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• Goldman Sachs outlines a 3-part investing strategy to profit from the economy's reopening — including 4 stocks to buy for the recovery

  27-04-2020 18:52 via feedproxy.google.com
  
  The economy's reopening is likely to be an uncertain and unequal process, says David Kostin, the chief equity strategist of Goldman Sachs. 
  He recommends an investing strategy that simultaneously captures the upside of recovery and hedges the downside of the unfolding recession.
  Click here for more BI Prime stories. The White House last week announced a phased approach that states can use to reopen businesses like gyms and bars, provided that new coronavirus cases are on a downward tra
  
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• Oil slumps 30%, ending 3-day winning streak as global oversupply outweighs production cuts

  27-04-2020 18:51 via feedproxy.google.com
  WTI crude oil plummeted as much as 30% on Monday, ending a three-day streak of gains as fears of a storage crisis returned.
  Brent crude slid 11%, to $19.11 per barrel at intraday lows.
  Major producers have acted to curb the global oversupply: Saudi Arabia accelerated production cuts originally planned for May 1, and US drillers paused much of their activity to prop up demand.
  Watch oil trade live here.
  Oil plunged as much as 30% on Monday as efforts to curb production came up short against a glo
  
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• Dow climbs for a 4th straight day as major economies move toward reopening

  27-04-2020 18:49 via feedproxy.google.com
  US equities surged on Monday, extending gains from Friday's session as investors cheered economic-reopening plans.
  New York Gov. Andrew Cuomo on Sunday revealed the state's plan for a gradual recovery, a positive signal for the US's coronavirus hotspot.
  Oil missed out on the market upswing, sliding as much as 28% amid continued stress on global storage and accelerated production cuts.
  Watch major indexes update live here.
  US stocks climbed on Monday as global economic-reopening plans fueled fres
  
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• Trump economic adviser warns US GDP could plummet 30% this quarter as unemployment spikes to Great Depression levels

  27-04-2020 18:34 via feedproxy.google.com
  
  Trump's economic adviser Kevin Hassett told CNBC's "Squawk Box" on Monday: "You're looking at something like minus 20% to minus 30% [GDP] in the second quarter."
  Hassett also expects unemployment in the US to soar to 16-17%. Unemployment was 4.4% in March in the US. 
  In a separate appearance, Hassett told ABC's "This Week" on Sunday: "Around 2008, we lost 8.7 million jobs and the whole thing. Right now, we're losing that many jobs about every 10 days."
  The US will publish first quarter GDP
  
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• The Fed's 'QE4ever' stimulus will push stocks to record highs in 2021, one of Wall Street's biggest bulls says

  27-04-2020 18:14 via feedproxy.google.com
  Amid "just horrible" economic data, the Federal Reserve's latest bout of quantitative easing is setting up a strong backstop for the stock market, the longtime bull Ed Yardeni told CNBC's "Trading Nation" on Friday.
  Yardeni Research sees the S&P 500 remaining near 2,900 by the end of the year before rocketing to a record 3,500 by the end of 2021.
  The central bank's "QE4ever" policy has no end date or limit and "very much reduces the likelihood" of stocks returning to late-March lows, Yardeni
  
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• Warren Buffett may have ditched airline stocks and spent $20 billion on stock buybacks, investor Chris Bloomstran says

  27-04-2020 18:02 via feedproxy.google.com
  Warren Buffett may have sold his airline stakes and spent more than $20 billion on stock buybacks last quarter, Chris Bloomstran, head of Semper Augustus Investments, told Business Insider.
  The billionaire investor and Berkshire Hathaway boss probably hasn't bought many other stocks, and might struggle to strike bailout deals in the face of government aid and fierce competition, Bloomstran said.
  Berkshire wouldn't hesitate to splurge $100 billion on Buffett's long-awaited "elephant-sized acquisi
  
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• 5 companies now make up 20% of the S&P 500. Here's why Goldman Sachs says that's a bad signal for future market returns. (MSFT, AAPL, AMZN, GOOGL, FB)

  27-04-2020 17:59 via feedproxy.google.com
  The stock market has been propped up by a handful of mega-cap companies leading into the coronavirus pandemic.
  The five largest stocks now account for 20% of the S&P 500 market cap, exceeding the 18% concentration level reached during the dot-com bubble.
  Historically, such narrow breadth is a poor signal for future market returns, Goldman Sachs said.
  Visit Business Insider's homepage for more stories.
  In a Friday note, the Goldman Sachs strategist David Kostin observed that "narrow breadth a
  
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• House Speaker Nancy Pelosi opens the door to guaranteed income for Americans, saying it's 'worthy of attention'

  27-04-2020 17:03 via feedproxy.google.com
  
  House Speaker Nancy Pelosi opened the door to the idea of a minimum income for Americans in an MSNBC interview on Monday.
  "Let's see what works, what is operational, and what needs other attention," Pelosi said. "Others have suggested a minimum income, a guaranteed income for people. Is that worthy of attention now? Perhaps so."
  Several Democratic lawmakers have introduced plans to pay Americans during the coronavirus pandemic.Visit Business Insider's homepage for more stories.House Speaker Nanc
  
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• Silicon Valley's grand plan to kill IPOs with direct listings has been sidelined by the coronavirus. But experts think the movement is going to rebound post-crisis. (SPOT, WORK)

  27-04-2020 16:26 via feedproxy.google.com
  
  Direct listings — an alternative, more streamlined process that companies can use to go public — were gaining favor over traditional IPOs before the coronavirus pandemic slammed the economy and upturned the markets
  The crisis has throttled the momentum behind direct listings, because it's basically closed the market for public offerings from tech companies.
  At least in the near term, direct listings may be less attractive to some companies that previously were considering them, becau
  
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• New research techniques needed in recession

  27-04-2020 01:05
  
  Brands seeking to understand consumers in the recession that is expected to follow the spread of COVID-19 will need to update their research playbooks, the chief executive of Nielsen has argued.
  
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• Meeker: Strategic planning has never been more important

  27-04-2020 01:05
  
  Bond Capital’s Mary Meeker drew out a series of the themes emerging from both business and governmental responses to COVID-19 – here are some of the insights.
  
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• Levi’s builds a playbook based on China

  27-04-2020 01:05
  
  China is the first chapter in the playbook being created by Levi Strauss Co to help it manage recovery from the impact of the coronavirus lockdowns around the world.
  
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• India’s top advertisers increase their inventory levels

  27-04-2020 01:05
  
  Overall free commercial time (FCT) in India grew 7% in week 15, or April 11-27, compared with the previous week covering April 4-10, according to the latest data from Broadcast Audience Research Council (BARC) India and Nielsen.
  
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• Getting retail audio ads right during the pandemic

  27-04-2020 01:05
  
  While many brands have pulled marketing activity, advertisers in categories such as grocery retail must continue to maintain share of voice; a new study shows that striking the right tone with the optimal medium can improve the effectiveness of...
  
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• Facebook unveils a suite of new video features

  27-04-2020 01:05
  
  In these difficult times when so many people around the world are required to self-isolate at home, keeping in touch remotely has never been so important, which is why Facebook is ramping up its video-calling features across several platforms.
  
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