Sales & Marketing news

• Lyft says rides are slowly rebounding as much as 73% in some cities as the United States slowly reopens (LYFT)

  02-06-2020 22:44 via feedproxy.google.com
  
  Lyft said some cities were starting to see significant rebounds following the coronavirus' decimation of ride-hailing requests. 
  Overall, US rides were up 26% in May compared to April, with some cities like Austin, Texas up as much as 73%. 
  Shares of Lyft rose about 4% in after-hours trading as investors welcomed the rebound. 
  Visit Business Insider's homepage for more stories.After near total decimation because of the coronavirus pandemic, Lyft said Tuesday that ride requests wer
  
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• Gun sales are surging amid protests across the US, and one Wall Street analyst says Joe Biden's polling lead could accelerate them even more

  02-06-2020 22:37 via feedproxy.google.com
  
  Gun sales soared in April and May compared with the same periods in 2019. 
  A proliferation of unrest throughout the country could be behind the surge, one Wall Street analyst said.
  A win by former Vice President Joe Biden, who has a stricter stance on guns, in November could also bolster demand, the analyst said. 
  Visit Business Insider's homepage for more stories.Massive protests on the back of a pandemic that's killed more than 100,000 Americans have caused a surge in new gun buyers
  
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• Coatue throttled back risk-taking in its $350 million quant fund after markets went haywire and data-driven trades melted down

  02-06-2020 22:22 via feedproxy.google.com
  
  Billionaire Philippe Laffont's young quant fund, which runs $350 million, significantly reduced its exposure to the markets in early April, sources tell Business Insider.
  The fund relies on real-time data feeds to inform its investment process, but the global shutdown that slammed many quant funds distorted the feeds. 
  The fund is still active and trading, but not at the level it was before the pandemic hit, sources said.
  It's another example of how reliant hedge funds are on outside data s
  
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• Dow climbs 268 points as economic-reopening hope offsets civil unrest

  02-06-2020 22:11 via feedproxy.google.com
  US stocks rose Tuesday as investors looked past nationwide civil unrest to encouraging signs of an economic reopening. 
  Equity futures slipped initially in overnight trading after President Donald Trump said he would deploy the military if states didn't act to quell violence from protests.
  Those losses were erased by the market open as traders weighed signals of an economic recovery and the prospect of new German stimulus. Major indexes closed at session highs.
  Oil prices gained as OPEC and
  
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• Investors bet on mall reopenings, cruise travel, and energy companies throughout May, E*Trade says

  02-06-2020 22:10 via feedproxy.google.com
  Investors' buying activity through May was concentrated in real estate, consumer discretionary, and energy stocks, according to E*Trade data, as economic reopening boosted firms hit hardest by the coronavirus' initial shock.
  Healthcare stocks were the only sector to see net selling through the period.
  "Investors were likely buying the rumor of treatment and vaccination hopes and selling the news of lackluster trials and results," Rick Swope, senior director of investor education at E*Trade, said
  
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• Nobel Prize-winning economist Joseph Stiglitz says US stimulus programmes have 'failed' — and that policymakers should now focus on preventing a 'lost generation' of workers

  02-06-2020 21:57 via feedproxy.google.com
  Nobel Prize-winning economist Joseph Stiglitz said in an interview with CNBC that US stimulus programmes have "failed, and we have to admit that."
  The US has launched $2 trillion worth of stimulus, and another $3 trillion package is set to be voted on by the Senate.
  Stiglitz, who won a Nobel Memorial Prize in Economic Sciences in 2001, fears for the US economy, saying: "The worst case scenario for the economy is another Great Depression."
  He said the US should also consider giving some benefits
  
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• Wall Street's biggest firms are forecasting a shift away from market-dominating growth stocks and into their downtrodden peers

  02-06-2020 21:38 via feedproxy.google.com
  Growth stocks have significantly outperformed value stocks over the past decade, but that could change in the short term, according to notes from Goldman Sachs and Bank of America.
  Over the past two weeks, value stocks have started to outperform growth stocks, and the rotation "could have legs,"  according to a note from Bank of America published on Tuesday.
  And while Goldman agrees that the current rally in value stocks could be "both strong and, perhaps, longer than average," they think t
  
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• Here's why stocks are climbing as protests rage across America

  02-06-2020 20:14 via feedproxy.google.com
  Investors largely ignored a weekend filled with police-brutality protests, looting, and civil unrest as markets climbed higher on Monday and Tuesday.
  Risk assets have been largely detached from surrounding trends in recent weeks, continuing their rally even as economic data comes in below expectations and as health experts caution against premature reopenings.
  "The stock market doesn't care about social justice," Jim Cramer, the host of CNBC's "Mad Money," said on Monday, adding that "investors
  
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• 1968 proved that stocks can go higher despite a deadly global pandemic and mass protests, says Fundstrat's Tom Lee (SPY)

  02-06-2020 20:07 via feedproxy.google.com
  Stocks don't always trade on headlines, and history has shown that the market can go higher in the face of a deadly global pandemic and mass protests for racial equality.
  In 1968, an estimated 100,000 Americans died from the H3N2 flu, mass protests for racial equality erupted following the assasination of Martin Luther King Jr., and the S&P 500 boasted a total return of nearly 11% for the year.
  "1968 was the year that 'shattered America' and many tumultous events and violence took place in t
  
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• Amazon raised $10 billion in the bond markets, including $1 billion of debt yielding just 0.4% — reportedly the lowest rate in the history of US corporate bonds (AMZN)

  02-06-2020 20:05 via feedproxy.google.com
  Amazon raised $10 billion in corporate debt markets Monday, including a $1 billion bond yielding just 0.4%.
  The Financial Times reported that this was the lowest interest rate for any bond in US corporate history.
  Amazon, which has clearly come out as a winner during the pandemic, saw its $10 billion offering being oversubscribed by more than three times, the FT said.
  Visit Business Insider's homepage for more stories.
  Amazon benefited from the cheapest ever borrowing costs in the US corporate b
  
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• US stocks climb as investors look past civil unrest to the economy reopening

  02-06-2020 19:27 via feedproxy.google.com
  US stocks rose Tuesday as investors looked past nationwide civil unrest to encouraging signs of an economic reopening. 
  Equity futures slipped initially in overnight trading after President Donald Trump said he would deploy the military if states didn't act to quell violence from protests.
  Those losses were erased by the market open as traders weighed signals of an economic recovery and the prospect of new German stimulus. 
  Oil prices gained as OPEC and its allies are said to favor ext
  
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• GOLDMAN SACHS: Buy these 15 stocks for powerful profit growth after a historic rally leaves the market with little room for error

  02-06-2020 19:17 via feedproxy.google.com
  
  David Kostin, the chief US equity strategist for Goldman Sachs, named a group of companies that could stand out as corporate profitability takes a historic hit.
  He's naming the most promising companies based on their expected return on equity, a measurement of their efficiency in generating profits from their assets.
  Those companies could be that much more valuable because Kostin thinks trade tensions and tax-law changes could threaten corporate profits in the near future.
  Visit Business Insider
  
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• The US economy could take nearly a decade to recover from the coronavirus pandemic, according to the CBO

  02-06-2020 19:09 via feedproxy.google.com
  
  The Congressional Budget Office on Monday lowered its projection for 2020-2030 US economic output, signaling it may take the US economy nearly a decade to recover from the coronavirus pandemic. 
  The CBO now projects that over the 2020-2030 period, cumulative nominal output will be $15.7 trillion less than it previously said in January. 
  The report also showed that US GDP isn't expected to recover until the fourth quarter of 2029. 
  Visit Business Insider's homepage for more stories
  
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• These are the top 5 most popular stocks traded on eToro in May

  02-06-2020 18:58 via feedproxy.google.com
  Markets rebounded in May from March lows as investors looked to economic reopenings following lockdowns to contain the spread of coronavirus. 
  Investors continued to pile into some of their favorite stocks, in sectors including technology, entertainment, and food. 
  Here are the top five stocks traded on the social and investing platform eToro in May, the company told Business Insider. 
  Read more on Business Insider.
  Markets continued to grind higher in May as investors looked more
  
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• With the US plunging into chaos and one-in-four American workers out of a job, Trump lacks a clear plan to revive the economy

  02-06-2020 18:46 via feedproxy.google.com
  
  The Trump administration still lacks a clear plan to revitalize the economy and put people back to work as the nation plunges into further turmoil.
  Over 40 million Americans are out of work, and the unemployment rate is expected to hover in the double-digits heading into next year.
  The administration supports a payroll-tax cut, as well as a capital gains tax cut for investors. It's also reviewing the idea of a hiring bonus for people going back to work.
  Visit Business Insider's homepage for more
  
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• A portfolio manager at a $4.6 billion shop breaks down his Warren Buffett-inspired approach to investing — and shares 3 stocks he loaded up on in a 'really attractive' market upended by the coronavirus

  02-06-2020 17:34 via feedproxy.google.com
  
  John Buckingham, the principal and portfolio manager of the $4.6 billion investment firm Kovitz and editor at The Prudent Speculator, borrows aspects of Warren Buffett's famed investing methodology to help dictate his market maneuverings.
  Today, he thinks stocks are "really attractive" given where interest rates are pegged.
  In the middle of the coronavirus-driven market rout, Buckingham was picking up shares of companies that he had long admired but were previously too pricey for his liking.
  Cli
  
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• Bank of America breaks down the next 2 steps the Fed will take to stimulate the coronavirus-addled economy

  02-06-2020 17:10 via feedproxy.google.com
  The Federal Reserve is poised to implement stricter forward guidance and yield-curve control in September as the US economic rebound faces new challenges, Bank of America said Tuesday.
  The central bank's "one-two punch" will focus on keeping rates near zero for a prolonged period, both through guidance statements and yield-curve control focused on short- to medium-term Treasury bonds.
  Financial system deterioration, rising deflation risks, or an earlier-than-expected slowdown in economic recover
  
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• The best investing stories of May: Advice from top-tier money managers, tips from Wall Street royalty, and stock picks for a post-coronavirus world

  02-06-2020 16:51 via feedproxy.google.com
  
  May was a confusing month for markets. Many observers scratched their heads as major indexes continued their steady chug higher, seemingly oblivious to the economic wreckage left by coronavirus.
  Whether it was the prospect of further stimulus or the apparent progress of a COVID-19 vaccine, investors reacted positively to any encouraging signs of a swift economic reopening.
  Then the last few days of the month turned that all on its head.
  As President Donald Trump reignited tensions with China, m
  
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• BTIG says stocks will plunge 15% to 20% from current levels as US protests add to the market's 'menu of uncertainties'

  02-06-2020 16:28 via feedproxy.google.com
  Julian Emanuel, BTIG's chief strategist, told investors to prepare for a 15% to 20% pullback in stocks, saying that widespread protests in the US have added to "menu of uncertainties" in the market.
  Emanuel said on CNBC on Monday that small-cap indexes were particularly sensitive to a correction and that it was "time for the market to reassess the uncertainties to the economy."
  "The environment's a bit more volatile now, so what we're saying is look at your portfolio and envision yourself a buye
  
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• TV advertising in India gets huge lockdown boost

  02-06-2020 01:16
  
  Ad volumes on Indian TV grew 98% between January and May 2020 compared to the same period in 2019, a new report finds, and it was overwhelmingly driven by OTT platforms.
  
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• P&G’s Pritchard urges industry to focus on inclusion

  02-06-2020 01:16
  
  Marketers should double down on efforts to boost diversity and inclusion in the face of the COVID-19 crisis, according to Marc Pritchard, chief brand officer at Procter & Gamble, the FMCG manufacturer.
  
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• How Real Madrid is pivoting to a new football reality

  02-06-2020 01:16
  
  As clubs in Europe’s many leagues look toward a return, titans like Real Madrid are adapting to the sport’s socially-distanced next step, making its own changes and observing where fans are leading.
  
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• China returns to a new sense of normal, with a bit more stress but also more pride

  02-06-2020 01:16
  
  Many people in China are still coming to terms with both COVID-19 and the measures taken to contain it, but there are indications that the country’s response to the situation is well regarded by its citizens, and this pride is an important idea...
  
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• Back to work … and the pub

  02-06-2020 01:16
  
  Nearly two-thirds of Britons expect to return to work by the end of August, but they’re feeling uncomfortable about what awaits; before then, however, the prospect of going to the pub and nights out with friends top the list of what people are...
  
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• Americans’ love affair with the podcast survives the pandemic lockdown

  02-06-2020 01:16
  
  The number of podcasts produced has rocketed 129,000% in the last ten years, while episode lengths are shortening, according to a new report from podcast app Stitcher.
  
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