Sales & Marketing news

• Amazon could surge 90% to $5,000 in long-term bullish scenario, analyst says (AMZN)

  17-06-2020 22:24 via feedproxy.google.com
  Amazon could surge 90% to $5,000 in a long-term bullish scenario, driven by a "hidden value multiplier thesis," according to a note published by Needham on Tuesday.
  The firm set a 12-month price target of $3,200, but thinks that target can swell in the long run due to Amazon's track record of total addressable market expanding decisions.
  Needham said that those decisions have a tendency to "elongate its growth runway, drive higher profitability, and lower shareholder risk via revenue-stream dive
  
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• Hertz pauses plan to sell $500 million in potentially worthless stock after SEC weighs in

  17-06-2020 22:13 via feedproxy.google.com
  Hertz paused its plan to sell as much as $500 million in new, high-risk shares on Wednesday after the Securities and Exchange Commission raised concerns with the sale.
  The offering was "promptly suspended" after discussions with SEC staff, and is "pending further understanding of the nature and timing of the Staff's review," Hertz said in a regulatory filing.
  The newly bankrupt company's stock was briefly halted earlier Wednesday following news of the SEC's issues.
  Watch Hertz trade live here.&n
  
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• US stocks fall as investors weigh looming risks to economic reopening

  17-06-2020 22:12 via feedproxy.google.com
  US stocks slipped on Wednesday, ending a three-day S&P 500 winning streak.
  All three major indexes fluctuated between gains and losses for most of the session as traders weighed new spikes in coronavirus cases.
  Oil traded lower after big gains on Tuesday. West Texas Intermediate crude slid as much as 3.1%, to $37.21 per barrel.
  Watch major indexes update live here.
  US stocks slipped on Wednesday, ending a three-day S&P 500 winning streak. 
  The decline comes amid spikes in confirmed
  
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• The US is facing a coin shortage — and it's forcing the Federal Reserve to take the unusual step of rationing its distribution

  17-06-2020 21:53 via feedproxy.google.com
  
  Fed Chair Powell said there was a shortage of coins in the US, but the Fed was working to fix it.
  "What's happened is that with the partial closure of the economy, the flow of coins through the economy ... it's kind of stopped," Powell told lawmakers on Wednesday.
  He said the shortage was partly due to mass business closures that disrupted the flow of coinage across the economy, as well as a lack of places open where people could trade their coins for bills.
  Powell said the problem would be temp
  
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• The 2020 stock market looks just like 2009 — and the S&P 500 is set for a 14% gain if history repeats itself, an analyst says (SPY)

  17-06-2020 21:24 via feedproxy.google.com
  The S&P 500's recent rally from its March 23 low is closely tracking the bottom and subsequent rally that the index experienced in 2009 amid the financial crisis, an analysis by DataTrek found.
  If the S&P 500 continues to closely track its 2009 movements, investors should expect it to cruise 14% from current levels to all-time highs by the end of the year, DataTrek said.
  In 2009, the market saw a 17% rally from late July through the end of the year — and "if history repeats itself
  
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• Tesla sales in California plunged amid the coronavirus — now all eyes are on China to make up the difference (TSLA)

  17-06-2020 21:11 via feedproxy.google.com
  
  Tesla registrations, a key indicator for sales, fell dramatically in April and May in California, according to new data. 
  The unexpected news did little to shake investor confidence in the high-flying stock. 
  It's the first look into how Tesla's second quarter is faring after a surprise first-quarter profit. 
  Visit Business Insider's homepage for more stories.Tesla sales dropped dramatically in California, its home state and a key market, this spring as the coronavirus forced peop
  
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• High-flying Enphase Energy stock tumbles 24% after short-seller alleges it 'fabricated' revenue (ENPH)

  17-06-2020 21:01 via feedproxy.google.com
  Enphase Energy tumbled 24% on Wednesday after a report from short-seller Prescience Point Capital Management alleged that the company "fabricated" much of its revenue.
  Enphase Energy is a high-flying solar power company that has seen its stock soar as much as 10,700% from its 2017 low of 65 cents.
  The short-seller alleged that "Enphase's regulatory filings cannot be trusted" and said it believes that up to 39% of the company's revenue is fake after it conducted its own private investigation into
  
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• Goldman Sachs says renewable-energy spending will surpass oil and gas for the first time ever in 2021 — and sees total investment spiking to $16 trillion over the next decade

  17-06-2020 20:58 via feedproxy.google.com
  Green-energy investing will account for 25% of all energy spending in 2021 and, for the first time ever, surpass spending on traditional fuel sources like oil and gas, Goldman Sachs said in a Tuesday note.
  Should the US aim to hold global warming within 2 degrees Celsius, the pivot to renewable energy sources will create between $1 trillion and $2 trillion in yearly infrastructure spending, the team of analysts added, or an investment opportunity as big as $16 trillion through 2030.
  While past e
  
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• Fed's Powell says bank's corporate-credit ETF purchases will give way to individual bond buying

  17-06-2020 20:53 via feedproxy.google.com
  The Federal Reserve's corporate-credit relief will move from exchange-traded fund purchases to taking in individual bonds, chairman Jerome Powell said Wednesday.
  Targeted bond purchases are "a better tool for supporting liquidity and market functioning," Powell told the House Financial Services Committee.
  The statement follows the central bank announcing Monday it would begin individual bond purchases.The Fed's Secondary Market Corporate Credit Facility had only been taking in debt ETFs since it
  
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• Schwab's global investing chief says the market's best-performing stocks are due for a surprising rotation for the first time in 12 years — and shares 3 ways to get ahead of the shift

  17-06-2020 20:52 via feedproxy.google.com
  
  The recent strength of international and value stocks relative to their US and growth counterparts could be unexpectedly persistent, said Jeffrey Kleintop, the chief global investment strategist at Charles Schwab.
  Major transitions like these tend to happen at the start of new economic cycles, he added.
  During a recent Business Insider webinar, he explained why investors should consider rebalancing their portfolios and shared three areas that could emerge as new market leaders. 
  Click here
  
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• Hertz shares halted after SEC raises issues with plan to sell potentially worthless stock

  17-06-2020 20:51 via feedproxy.google.com
  Hertz shares were halted on Wednesday morning after the Securities and Exchange Commission said it had issues with the company's planned stock offering.
  The car-rental chain aims to sell as much as $500 million worth of stock in a fundraising effort, though it has said the shares could become worthless through bankruptcy proceedings.
  "We have comments on their disclosure," SEC Chairman Jay Clayton told CNBC on Wednesday, adding that, in most cases, firms with such issues "do not go forward until
  
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• Mortgage applications to buy a home surge to the highest in 11 years as rates hit a survey low

  17-06-2020 20:50 via feedproxy.google.com
  Mortgage applications to buy a home spiked 4% last week to an 11-year high, the Mortgage Bankers Association said on Wednesday.
  The jump in demand was likely fueled by falling mortgage rates — the fixed 30-year rate fell to 3.3%, the lowest in the MBA survey's history.
  That led to a 10% spike in refinance applications as existing homeowners sought lower rates.
  Read more on Business Insider.
  Homebuyers are flocking back to the housing market as the US economy opens up from the coronavirus p
  
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• 'Foolish to stand in the way': Fed support and the day-trading boom will drive stocks higher, an analyst says

  17-06-2020 20:50 via feedproxy.google.com
  Stocks will rise because the Federal Reserve and the day-trading boom are driving up prices, the Bianco Research chief James Bianco told CNBC's "Fast Money" on Tuesday.
  The Fed's decision to buy individual corporate bonds has put a "massive floor on this market," Bianco said.
  David "Davey Day Trader" Portnoy and his "retail bros" are piling into stocks because they're confident the Fed will shore up prices, making it tough to be bearish right now, Bianco said.
  "You have to find something that sa
  
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• Jefferies says these 5 stocks are the ones to buy to cash in on housing's rapid recovery

  17-06-2020 20:45 via feedproxy.google.com
  
  Reports by Jefferies lay out the landscape for stocks to buy, with housing recovering more quickly than anticipated.
  Product categories that will lead the housing recovery post COVID-19 include residential new construction, exterior, DIY, and smaller-ticket repairs — and certain stocks should benefit.
  Within those categories, Jefferies' favorite players are BLD, OC, FBHS, JELD, and MAS.
  Visit Business Insider's homepage for more stories.Recent reports by Jefferies laid out the product cate
  
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• MORGAN STANLEY: 12 tech trends are accelerating because of COVID-19 — and these stocks are most likely to benefit (AMZN, MSFT, AAPL, GOOGL, MS)

  17-06-2020 19:19 via feedproxy.google.com
  
  Morgan Stanley published a note on Wednesday identifying the 12 tech trends that are accelerating because of COVID-19 and the companies most likely to benefit from them.
  The trends include a faster adoption of cloud services, wider use of e-commerce services, and the growth food-delivery apps.
  Visit Business Insider's homepage for more stories.The COVID-19 disruption has served as a wake-up call to many companies, as the pandemic is requiring a greater digital presence for businesses to succeed.
  
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• Ali Khan has dominated his tech-investing peers for 5 years running. He breaks down why he steers clear of hyper-growth companies — and explains why Salesforce and Adobe possess his ideal qualities.

  17-06-2020 19:18 via feedproxy.google.com
  
  Fidelity fund manager Ali Khan runs the firm's Software and IT Services Portfolio, which has been one of the best performing tech funds over the last five years.
  In a conversation with Business Insider, Khan discussed his strategy for running the fund.
  One key piece of his strategy is to focus not on the fastest growing companies, but on those that have the potential to grow significantly and steadily for years on end.
  Salesforce and Adobe, both of which have posted 20% annual revenue growth rat
  
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• Apple hits record high as RBC upgrade says stock can climb 11% from current levels (AAPL)

  17-06-2020 18:50 via feedproxy.google.com
  RBC Capital Markets upgraded its Apple price target to $390 from $345 on Wednesday, an 11% jump from where shares currently trade. 
  Apple shares rose nearly 1% to a fresh all-time high of $355.37 on Tuesday. 
  On Tuesday, Citi also upgraded shares of Apple to a Wall Street-high of $400.
  RBC's new price target comes after the firm did a deeper dive on Apple's share repurchase program. 
  Watch Apple trade live on Markets Insider.
  Read more on Business Insider.
  Shares of Apple rose nea
  
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• Deutsche Bank says a giant volcanic eruption and another deadly pandemic are among the 'catastrophic' disasters that could devastate the world economy in the next 10 years

  17-06-2020 18:03 via feedproxy.google.com
  Deutsche Bank this week published a somewhat bizarre research note speculating on a series of potentially catastrophic events it says could befall the global economy in the next decade.
  The bank said in a note Tuesday that there is a 33% chance at least one of four scenarios will occur in the next 10 years.
  These are: A far more deadly pandemic than COVID-19, a volcanic eruption, a solar flare and global war. 
  "An important question is what would happen if a much larger, more catastrophic e
  
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• Heath Jones is a US Army neuroscientist whose side hustle is scooping up real estate for passive income. Here's how he leverages a simple strategy for extra cash.

  17-06-2020 17:57 via feedproxy.google.com
  
  Heath Jones — a US Army neuroscientist, cohost of "The Multifamily Real Estate Experiment Podcast," and co-owner of H Squared Capital — started investing in real estate after his income was reduced by 15%.
  Jones employs a simple incremental value-add strategy that focuses on increasing the net operating income of a property.
  Today Jones has 23 units in total — a four-unit property, 16-unit building, and three single-family rentals.
  Click here to sign up for our weekly newslette
  
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• 'The market doesn't care who you are': 11 of JPMorgan CEO Jamie Dimon's best quotes

  17-06-2020 17:33 via feedproxy.google.com
  Jamie Dimon is best known for leading one of the big four American banks, JPMorgan Chase.
  Dimon frequently shares opinions on the world economy, politics, investing, and more.
  Markets Insider rounded up 11 of his best quotes of all time.
  Visit Business Insider's homepage for more stories.
  Jamie Dimon, the chairman and chief executive of JPMorgan Chase, is one of the most well-known bankers in the world.
  Back when bitcoin was a bubble among crypto-investors in late 2017, he made headlines for say
  
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• WARC Awards: Effective Social Strategy winners announced

  17-06-2020 01:29
  
  Campaigns for KFC in Malaysia, Amazon Prime Reading in China, Burger King in the US, El Tiempo in Colombia, German Rail in Germany, ŠKODA in France and WWF in the UK, are among the winners in the Effective Social Strategy category of the WARC...
  
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• Pandemic drives UK news readership to record high

  17-06-2020 01:29
  
  Daily consumption of national print and digital news brands in the UK soared to over 30 million in the first quarter of the year, its highest ever number, according to the latest data from the Publishers Audience Measurement Company (PAMCo).
  
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• How P&G’s SeeMe is reaching women over 50

  17-06-2020 01:29
  
  SeeMe, a direct-to-consumer beauty line targeted at women over 50 years old that is made by Procter & Gamble, is tapping nuanced insights to ensure it fully matches the self-perception of its target audience.
  
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• Ebiquity: Measuring creative effectiveness

  17-06-2020 01:29
  
  The impact of creativity is measurable, a new report states, but it requires techniques that allow for the fine tuning of assets and campaigns with a view to long-term effects.
  
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• Almost one third of online ad traffic in China is fake or invalid

  17-06-2020 01:29
  
  Nearly a third of all online ad traffic in China last year was fake or invalid and cost the marketing industry an estimated 28 billion RMB, a study by advertising technology company Miaozhen Systems has found.
  
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