Sales & Marketing news

• Dow tumbles 622 points as major tech earnings disappoint investors

  01-05-2020 22:04 via feedproxy.google.com
  US stock indexes slid on Friday after quarterly reports from mega-cap tech players disappointed investors.
  Amazon's first-quarter profit landed below Wall Street estimates, while Apple's decision to withhold guidance for the first time in a decade dragged on trader sentiments.
  Oil extended its rebound to a third day, with WTI crude contracts settling just below $20 per barrel.
  Watch major US indexes update live here.
  Major US equity indexes dipped on Friday as quarterly reports from mega-cap tec
  
  Read more

• US factory output plunged to the lowest level on record dating back to 1948 in April as coronavirus spread

  01-05-2020 21:17 via feedproxy.google.com
  
  US factory production plummeted in April to its lowest level on record going back to 1948, according to a Friday report from the Institute for Supply Management.
  The ISM's production index fell more than 20 percentage points to 27.5 in April. Any reading below 50 signals a contraction.
  The April report is the second straight month where the coronavirus pandemic and global energy market weakness have impacted all manufacturing sectors, Timothy Fiore, chair of the ISM's manufacturing survey commit
  
  Read more

• Dow tumbles 590 points as major tech earnings land short of hopes

  01-05-2020 21:00 via feedproxy.google.com
  US stock indexes slid on Friday after quarterly reports from mega-cap tech players disappointed investors.
  Amazon's first-quarter profit landed below Wall Street estimates, while Apple's decision to withhold guidance for the first time in a decade dragged on trader sentiments.
  Oil extended its rebound to a third day, with WTI crude contracts topping $20 per barrel.
  Watch major US indexes update live here.
  Major US equity indexes dipped on Friday as quarterly reports from mega-cap tech firms upse
  
  Read more

• JPMorgan calls Apple 'a top pick' and gives 6 reasons why the stock can surge 20% (AAPL)

  01-05-2020 20:42 via feedproxy.google.com
  Apple is now "a top pick" and was added to JPMorgan's Analyst Focus List with a $350 price target, according to an analyst note published Friday morning.
  The bank was impressed by Apple's resilient second quarter earnings report, driven by momentum in the company's iPhone and Services business.
  JPMorgan gave six reasons why it thinks Apple shares are poised to outperform the broader market.
  JPMorgan's $350 price target for shares of Apple represents implied upside of 19% from Thursday's closing
  
  Read more

• Advertisement

• Billionaire Bill Ackman explains how he pulled off a deal described as 'the single best trade of all time'

  01-05-2020 20:42 via feedproxy.google.com
  In an op-ed article for The New York Times, the former investment banker William Cohan said Bill Ackman's bet on the coronavirus tanking the stock market "may be the single best trade of all time."
  Ackman, the billionaire hedge-fund investor, turned a relatively modest $27 million position into a prize-winning $2.6 billion in March when the market tanked as the virus spread.
  Ackman explained his thoughts behind the hedge in an episode of the "Knowledge Project" podcast.
  Visit Business Insider's
  
  Read more

• Legendary economist Gary Shilling says 'don't be fooled' by the market's recent bounce and warns that stocks could drop 40% next year

  01-05-2020 20:41 via feedproxy.google.com
  Gary Shilling, an American economist and the president of A. Gary Shilling & Co., told investors in a Bloomberg op-ed article on Thursday not to be fooled by the recent rebound in stock prices.
  Shilling drew parallels between the current market downturn, the 1929 market crash, and the Great Depression in the 1930s to sound the alarm on "the most disruptive financial and social event since World War II."
  "Bear markets that accompany recessions last about 11 months, far longer than the recent
  
  Read more

• Amazon's CFO gave a 5-minute earnings call intro on a 'gut-wrenching' 2 months scrambling to address demand spikes and worker safety (AMZN)

  01-05-2020 01:56 via feedproxy.google.com
  
  Amazon CFO Brian Olsavsky spent the first 5 minutes of Thursday's earnings call addressing COVID-19, an unusual way to start the call for the company.
  He explained the challenges Amazon is facing due to COVID-19, and thanked the warehouse and delivery workers, as well as third-party sellers on its marketplace.
  Amazon CEO Jeff Bezos also gave an unusually long statement in the company's earnings release, saying, "These aren't normal circumstances."
  Visit Business Insider's homepage for more stori
  
  Read more

• What brands can learn from China about faster recovery

  01-05-2020 01:24
  
  The Retail and Food & Beverage categories were particularly hard-hit by actions taken to contain the coronavirus, but as China emerges from lockdown R3’s Greg Paull notes that some companies fared better than others – and it’s not all about...
  
  Read more

• Advertisement

• Spotify’s audio-first strategy resonates in COVID-19

  01-05-2020 01:24
  
  It’s likely that while you read this, Spotify is streaming a song or a podcast; as this sentence is written, the Sweden-headquartered service is playing music to soothe and focus – as a result, lockdown has delivered a strong end to Spotify’s...
  
  Read more

• Radio ad avoidance may be lower than assumed

  01-05-2020 01:24
  
  Advertising avoidance may be lower on radio than is often assumed, according to a study focused on Canada that was published in the Journal of Advertising Research (JAR).
  
  Read more

• It's time to get your e-commerce right

  01-05-2020 01:24
  
  As lockdowns continue, getting e-commerce right can help brands not only survive but thrive during COVID-19; OMG Transact’s Saradha Sethuraman has some tips.
  
  Read more

• Indians turn to traditional media during lockdown

  01-05-2020 01:24
  
  Many changes in spending habits can be expected as Indian consumers adjust to life in lockdown and at least one factor identified in a new survey is a surge in demand for traditional media, such as TV and newspapers.
  
  Read more

• Cautious consumers won’t return to normal anytime soon

  01-05-2020 01:24
  
  Lockdowns and restrictions that were imposed to combat the coronavirus pandemic are beginning to ease in some countries, but there is little sign there will be a quick return to normality, according to a new global study into consumer...
  
  Read more

Follow @sales_mrktinguk on Twitter!