Sales & Marketing news

• Tesla competitor Nikola Motors skyrockets 104% after setting reservation date for its electric truck (NKLA, TSLA)

  08-06-2020 23:16 via feedproxy.google.com
  Nikola Corp. soared 104% on Monday after setting a reservation date for its new electric truck, Badger.
  The zero-emissions vehicle manufacturer plans to open reservations for the Badger on June 29, according to a tweet from Trevor Milton, the founder and chairman of Nikola.
  Nikola Corp. went public through a reverse merger with VectoIQ Acquisition Corp. last week, and is one of the first pure-play electric-vehicle competitors to Tesla.
  Visit Business Insider's homepage for more stories.
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• S&P 500 erases 2020 losses as investors bet on a swift economic recovery from the coronavirus

  08-06-2020 22:16 via feedproxy.google.com
  The S&P 500 erased its year-to-date losses late Monday as investors' rejuvenated risk-on attitude outweighed fears of lasting fallout from the coronavirus pandemic.
  The benchmark index plummeted as much as 34% from its mid-February peak before bottoming out on March 23.
  The market began its rally that day after the Federal Reserve announced a slew of unprecedented relief programs. Investors viewed the policies as a backstop for risk assets and kicked off the market's swift upswing.
  While the
  
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• Dow climbs 461 points as economic reopening spurs recovery hopes

  08-06-2020 22:08 via feedproxy.google.com
  US stocks rose on Monday to a 15-week high as economic recovery hopes led to rallies in airlines, cruise lines, and retail.
  The S&P 500 wiped out its year-to-date loss in the final minutes of trading.
  The gains continue a rally from Friday that came after the better-than-expected May jobs report provided investors an encouraging sign.
  Oil producers jumped following OPEC's agreement to extend historic production cuts, but oil slumped. 
  Read more on Business Insider.
  US stocks rose on Mon
  
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• Bank of America issues a 'mea culpa' and boosts its S&P 500 forecast after missing out on the recent rally

  08-06-2020 21:28 via feedproxy.google.com
  Bank of America strategist Savita Subramanian on Monday raised her S&P 500 price target to 2,900 from 2,600 — and issued a "mea culpa" for missing the recent rally. 
  "Tepid sentiment is the more bullish input into our target; our Fair Value Model and weak estimate revisions are the most bearish," Subramanian wrote in the Monday note. 
  The bank isn't more bullish because of a number of potential downside risks it sees, including a potential second wave of COVID-19. 
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• Tesla's China sales tripled from April to May as the world's largest auto market staged a surprise turnaround (TSLA)

  08-06-2020 21:14 via feedproxy.google.com
  
  Tesla saw a large increase in China sales in May over April, a trade group said Monday. 
  The uptick comes as China, the world's largest car market, also rebounded from months of declines. 
  Shares of Tesla surged Monday after the news. 
  Visit Business Insider's homepage for more stories.U.S. electric vehicle maker Tesla sold 11,095 Shanghai-made Model 3 vehicles in China in May, more than triple the volume seen in April, according to the China Passenger Car Association (CPCA).
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• Investors boosted their stock-market bets in May for the first time in 4 months, TD Ameritrade says

  08-06-2020 20:45 via feedproxy.google.com
  TD Ameritrade clients boosted their stock-market exposure for the first time in four months, a May update to the firm's Investor Movement Index showed Monday.
  The index jumped to 4.35 last month from 3.9 as net buying activity ended a downturn and matched the market's broad rally.
  Travel companies Southwest Airlines and Norwegian Cruise Line were among the most-bought among TD Ameritrade clients, as were General Electric, Wells Fargo, and Disney.
  Tesla and Wayfair were among the most sold, the b
  
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• It's official: The US fell into recession in February, according to the central economic authority

  08-06-2020 19:53 via feedproxy.google.com
  
  The US fell into a recession in February, the National Bureau of Economic Research said on Monday. The NBER is considered the official arbiter of recessions.
  That ended the 128-month economic expansion, the longest on record.
  The committee acknowledged that the coronavirus pandemic had led to an economic downturn with different characteristics and dynamics from previous recessions.
  "The unprecedented magnitude of the decline in employment and production, and its broad reach across the entire eco
  
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• The $2 billion SoftBank-backed insurance startup Lemonade has filed to go public

  08-06-2020 19:41 via feedproxy.google.com
  
  Lemonade, an insurance startup worth $2 billion, filed financial paperwork on Monday to go public.
  In its registration statement, the company revealed ballooning losses alongside top-line growth. 
  Other SoftBank-backed startups, from Uber to WeWork, are hemorrhaging money. 
  Visit Business Insider's homepage for more stories.Lemonade, an insurance company backed by SoftBank, filed documents on Monday for an initial public offering.
  The buzzy startup, which has garnered valuations north
  
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• Day traders may have played a role in oil's historic plunge into negative territory

  08-06-2020 19:41 via feedproxy.google.com
  Oil prices turned negative in April and day traders may be one reason why. 
  Bloomberg reported Monday that day traders at TDAmeritrade and ETrade suffered technical glitches meaning they couldn't sell once they realized prices had turned negative.
  Traders on Interactive Brokers suffered a similar glitch.
  A number of other factors have been blamed for oil's historic price crash, including lower demand during the pandemic and limited storage space in April. 
  Track the price of oil live o
  
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• Tesla stock climbs into record territory on rebound in Chinese sales (TSLA)

  08-06-2020 19:38 via feedproxy.google.com
  Car sales in China rose in May for the first time in nearly a year, the China Passenger Car Association said Monday — and Tesla's were the best-selling new energy vehicles.
  Shares of Tesla surged as much as 5.4% Monday, surpassing the company's February all-time high close. 
  The gains put Tesla on track for another record-high close Monday. 
  Watch Tesla trade live on Markers Insider.
  Read more on Business Insider.
  Shares of Tesla jumped, surpassing their all-time record high clos
  
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• The markets' disconnect from reality is 'overwhelming,' the manager of a $135 million hedge fund tells clients as he predicts a repeat of the dot-com bubble

  08-06-2020 19:30 via feedproxy.google.com
  
  As protests dominate headlines amid the coronavirus pandemic, the stock market has hummed along — finishing May up nearly 5%.
  Aristides Capital, a $135 million fund founded by Chris Brown, told investors in a letter sent Wednesday that "the cognitive dissonance is overwhelming at times."
  Brown called growth stocks without earnings "one step above a Ponzi scheme" and said he foresees a repeat of the 2000 tech-bubble crash. 
  Visit Business Insider's homepage for more stories.Chris Brown
  
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• Warren Buffett failed to capitalize on the coronavirus sell-off because of his age, billionaire investor Ken Fisher said

  08-06-2020 19:10 via feedproxy.google.com
  Warren Buffett's lack of action during the market meltdown reflects his age, Ken Fisher said on "Wizards of Dalal Street" last week.
  "I'm not suggesting that Mr. Buffett's lost his edge, but I can't find a history of people his age that don't become relatively static in a crisis," Fisher said about the 89-year-old.
  Buffett's Berkshire Hathaway made only $1.8 billion in net stock purchases in the first quarter and bought back only $1.7 billion in stock, resulting in its cash pile growing to $137
  
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• Robinhood traders are betting against veteran billionaire investors like Warren Buffett and Carl Icahn — and they're winning (HTZ, JETS, SPY)

  08-06-2020 19:03 via feedproxy.google.com
  There has been a surge in retail trading activity since the COVID-19 stay-at-home orders swept across the nation.
  The increase in trading activity by retail investors has in part been chalked up to sports bettors speculating on stocks due to the shut down of all professional sports leagues amid the pandemic.
  David Portnoy, aka Davey Day Trader, of Barstool Sports, has led the charge of introducing a brand new audience to stocks, with his trading videos often garnering up to one million views on
  
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• MORGAN STANLEY: The stock market is entering a new phase of a playbook that's thrived in past recessions. Here's how to tweak your portfolio to take advantage.

  08-06-2020 18:45 via feedproxy.google.com
  
  Morgan Stanley is updating its recession-investing playbook to reflect the unfolding recovery in economic activity.
  According to Morgan Stanley's chief US equity strategist, so-called cyclical stocks that benefit during the early stages of recovery are poised to continue gaining ground.
  He shared three sector recommendations and many more stock picks that would help investors position for this shift.
  Click here for more BI Prime stories.As restrictions over the coronavirus pandemic ease across t
  
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• Billionaire investor Stanley Druckenmiller says he's been 'humbled' by markets after missing out on the historic stock rally

  08-06-2020 18:45 via feedproxy.google.com
  Stanley Druckenmiller told CNBC on Monday that he'd been "humbled" by markets following stocks' historic 50-day rally.
  "I've been humbled many times in my career, and I'm sure I'll be humbled many times in the future. And the last three weeks certainly fits that category," Druckenmiller said.
  Druckenmiller said last month that the stock market's risk-reward profile was one of the worst he'd ever seen, and he discounted the Federal Reserve's ability to save the economy.
  On Monday, Druckenmiller s
  
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• MORGAN STANLEY: Buy these 11 stocks right now to reap the strongest possible market-beating returns over the next 3 months

  08-06-2020 18:31 via feedproxy.google.com
  
  Morgan Stanley says its "MOST" stocks — a group of companies with high quantitative scores and analyst ratings — have been consistent winners.
  According to strategist Boris Lerner, the firm combines quantitative and traditional approaches to find the stocks with the best risk-adjusted returns over the next three months.
  The companies Lerner is targeting beat the market in May, and they've outperformed over the past year.
  Visit Business Insider's homepage for more stories.The shocks j
  
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• Bank of America adds a new airline to its 'buy' list as investors flock to the thrashed sector

  08-06-2020 18:27 via feedproxy.google.com
  Airline stocks are enjoying a "full force" rebound in investor interest, Bank of America said Monday, but only certain firms are best positioned to weather weakened travel demand through the year.
  Analyst Emma Young upgraded Alaska Air to "buy," saying the firm will increase its net debt in 2020 by only 8% compared to an average 40% increase among passenger airlines."Balance sheets and capital structures still matter, and we continue to favor airlines with more conservative balance sheets," she
  
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• Stocks have met none of the 8 conditions that confirmed every new bull market in the post-war era — and one investment chief warns a relapse into a bear market is coming

  08-06-2020 18:26 via feedproxy.google.com
  
  The stock market has met zero out of eight conditions that historically give new bull markets the all-clear, observes The Leuthold Group's Doug Ramsey.
  While some bull markets have begun without his checklist being fully ticked, Ramsey is concerned that investors are proceeding with unbridled optimism about this particular rally.
  Click here for more BI Prime stories. The stock market's resilience in the face of economic uncertainty and social unrest is now undeniable.
  As of Friday, the S&am
  
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• Meet the 11 US billionaires whose fortunes have grown the most during the pandemic

  08-06-2020 18:13 via feedproxy.google.com
  US billionaires have added $565 billion to their collective wealth during the past 11 weeks, a report by the Institute for Policy Studies found.
  Jeff Bezos, founder and CEO of Amazon, was the biggest winner as his fortune grew by $36.2 billion between March 18 and June 4, IPS said. 
  Below are the 11 US billionaires who saw the biggest gains in net worth during the pandemic. 
  Visit Business Insider's homepage for more stories.Many billionaires were hit hard when the coronavirus tanked m
  
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• “Laugh Tracker” campaign wins Super REGGIE

  08-06-2020 05:22
  
  The Tennessee Department of Tourist Development claimed the top prize at the 2020 ANA REGGIE Awards for the “Laugh Tracker” campaign that was created by agency VMLY&R.
  
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• Understanding the new attention economy

  08-06-2020 01:04
  
  The notion of using attention to assess ad impact and ad delivery is gaining ground and advertiser money is beginning to flow – so it’s vital that all parties are agreed on definitions and measurement, says Professor Karen Nelson-Field in The...
  
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• Mondelez doubles down on e-commerce advertising

  08-06-2020 01:04
  
  Mondelez International, the snacks company, has doubled down on advertising on e-commerce platforms as it seeks to reach consumers near the point of digital purchase.
  
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• Global consumers are more confident, but expect a long haul

  08-06-2020 01:04
  
  Global consumers are now less concerned than they were in April about the coronavirus situation in their own country, although more people expect the outbreak to take six months or longer to overcome and optimism has decreased in many countries...
  
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