Sales & Marketing news

• US stocks cap off weekly gain as strong bank earnings offset Netflix disappointment

  17-07-2020 22:05 via feedproxy.google.com
  US stocks closed mixed on Friday as traders weighed disappointing quarterly figures from Netflix and gloomy consumer sentiment data.
  Both the S&P 500 and Dow Jones industrial average finished the week with gains exceeding 1%.
  Netflix missed estimates for second-quarter profits and third-quarter subscriber additions.
  A preliminary July reading of the University of Michigan's consumer sentiment index fell to 73.2 from 78.1, reversing recent gains as spiking virus cases weighed on eco
  
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• 'We'd buy the dip': 3 Wall Street firms weigh in on Netflix's worse-than-expected earnings report

  17-07-2020 21:26 via feedproxy.google.com
  While Netflix shares tumbled following a disappointing second-quarter earnings report on Thursday, Wall Street analysts are still optimistic about the company's near-term prospects.
  The streaming giant beat revenue estimates but fell below hopes for second-quarter earnings and third-quarter subscriber-growth guidance.
  Some analysts pointed to a pull-forward in subscribers as a boon for the business, but others fear that a lifting of lockdowns could revive competitors and harm investor interest.
  
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• The 20 top private investors fueling the clean-energy industry with $2.5 billion

  17-07-2020 19:32 via feedproxy.google.com
  
  Welcome to Power Line, a weekly energy newsletter brought to you by Business Insider.
  Here's what you need to know:Want to get Power Line in your inbox every Friday? Sign up here. 
  Most of our content is available to BI subscribers. Click here for 20% off. 
  Got feedback or tips? Email us at [email protected]. I was off last week — when, of course, some of the biggest energy stories of the summer poured in, from Sunrun announcing a bid to acquire rival Vivint Solar
  
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• Billionaire Ray Dalio says rising US-China tensions could escalate into a 'shooting war' — and draws comparisons with the years before World War II

  17-07-2020 19:26 via feedproxy.google.com
  The legendary hedge fund manager Ray Dalio said he thinks economic tensions between the US and China could conceivably escalate into a "shooting war."
  In a LinkedIn post on Thursday — part of a series on the changing world — he wrote that an economic war is usually a precursor of a military conflict.
  Dalio said he reviewed events in the 1930s and leading up to World War II to help explain the dominance of world powers now.
  "The United States and China are now in an economic war that
  
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• The Tesla of China plummets 18% after Goldman downgrades to sell and expects 46% downside on high valuation (NIO)

  17-07-2020 18:46 via feedproxy.google.com
  Nio Inc. plunged as much as 18% on Friday after Goldman Sachs downgraded the Chinese electric vehicle maker to "sell" due to its high valuation.
  Shares of Nio have surged 221% year-to-date as of Thursday's close as investors' euphoria around electric vehicle companies soars, in part driven by Tesla's meteoric rise.
  In a note published on Friday, Goldman downgraded Nio from "neutral" and reiterated its $7 price target, representing 46% downside potential from Thursday's closing price.
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• US consumer sentiment reverses rebound amid 'widespread resurgence' of coronavirus, new survey says

  17-07-2020 18:22 via feedproxy.google.com
  Preliminary readings from the University of Michigan's consumer-sentiment gauge shows the index erasing recent gains amid new coronavirus outbreaks.
  The university's index of consumer sentiment fell to 73.2 in July from 78.1 in June, and respondents' view of economic conditions sank to 84.2 from 87.1.
  "The widespread resurgence of the coronavirus" is to blame for the surprise drop, said Richard Curtin, the chief economist for the Surveys of Consumers.
  "Another plunge in confidence and a longer r
  
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• The world's richest people poured billions into stocks at the start of the coronavirus crisis, but now they're looking elsewhere to make their money

  17-07-2020 18:22 via feedproxy.google.com
  UBS says its ultra wealthy clients are moving out of stocks to invest in more illiquid areas. 
  Some of these include residential real estate and private equity, the Swiss bank said in a report this week.
  Josef Stadler, head of family office at UBS Wealth Management said many of its ultra wealthy clients took loans to invest in stock markets. 
  Stadler said: "They bought a billion-plus of those equities to rebalance. And they made a lot of money."
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• Netflix sheds $19 billion in market value amid earnings miss and disappointing subscriber-growth forecast

  17-07-2020 17:19 via feedproxy.google.com
  Netflix shares dropped as much as 8% on Friday, wiping $19 billion off the video-streaming giant's market capitalization at intraday lows.
  Netflix added 10 million subscribers in the second quarter, boosting revenue by 25% and earnings per share by 163%.
  However, its EPS figure fell short of Wall Street forecasts, and its guidance of 2.5 million subscriber additions in the third quarter was less than half of what analysts had expected.
  Visit Business Insider's homepage for more stories.
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• Mortgage rates will drop below 3% by year-end as their record decline continues, Fannie Mae says

  17-07-2020 16:57 via feedproxy.google.com
  Mortgage rates are set to continue their historic decline and are likely to breach 3% later this year, according to Fannie Mae.
  The 30-year fixed mortgage rate is already sitting at a record low of 3.03%, helping to spur home purchases and refinances even amid a recession caused by the COVID-19 pandemic.
  Fannie Mae expects that as lender capacity constraints ease following a boom in refinancing activity, spreads between mortgage rates and the 10-year Treasury will contract.
  According to Fannie M
  
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• Cruise stocks extend plunge after CDC lengthens no-sail order through September

  17-07-2020 16:10 via feedproxy.google.com
  Cruise stocks slumped in Friday morning trading, continuing a downturn after the CDC extended its no-sail order through September 30.
  Royal Caribbean fell as much as 4.5%, while Carnival and Norwegian Cruise Line dropped 2.9% and 3.8%, respectively. All three companies sank at least 7% in Thursday's session.
  The cruise lines pared losses later in the morning.
  The CDC cited "ongoing" COVID-19 outbreaks aboard ships. The sailing ban was set to expire on July 24.
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• US stocks edge higher, on track for mild weekly gain as Netflix tumbles

  17-07-2020 15:37 via feedproxy.google.com
  US stocks ticked higher on Friday, setting the S&P 500 up for a mild weekly gain despite Netflix plunging on disappointing earnings.
  The streaming giant missed estimates for second-quarter profits and third-quarter subscriber additions.
  Cruise stocks dropped for the second straight session after the Centers for Disease Control and Prevention extended its no-sail order through September 30. The ban had been set to expire on July 24.
  Oil fell as investors braced for rising virus cases to keep
  
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• Delinquent mortgages spike to the highest level in 21 years as COVID-19 stress freezes payments

  17-07-2020 15:36 via feedproxy.google.com
  The share of mortgage payments that have changed from current to 30 days past due has spiked from below 1.0% at the start of 2020, to 3.4% in April, representing the highest reading in 21 years, according to CoreLogic.
  The spike comes as COVID-19 has caused millions of Americans to seek unemployment benefits and the economy enters a recession.
  The previous peak of the 30-day transition rate was 2% in November 2008, which helps illustrate just how much more widely felt the economic damage caused
  
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• 'My savings ran out a month into this': Workers laid off because of coronavirus are waiting months to get unemployment benefits, even as the economy reopens

  17-07-2020 15:02 via feedproxy.google.com
  
  Many of the millions of Americans who have filed for unemployment are experiencing delays in getting approved for benefits and actually receiving them. 
  At the end of June, 66% of those who filed initial claims for unemployment insurance were waiting to receive benefits, according to a One Fair Wage study. 
  Months of missed income can be devastating for Americans and lead them to pull back on spending, threatening the US economic recovery. 
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• A Wall Street expert breaks down his 5-part strategy that could quadruple returns for investors buying the market's smallest companies

  17-07-2020 14:05 via feedproxy.google.com
  
  Scott Opsal of Leuthold Group said he found five measurements that could help investors identify the highest-quality and best-returning small-company stocks.
  All five elements are associated with better stock performance on their own, and the advantage increases when they're combined.
  Over the past 25 years, the highest-quality stocks brought in almost four times the returns of their peers. 
  A large portion of small-company stocks aren't profitable, and investors have gotten comfortable bet
  
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• Stimulus checks were delivered faster to wealthy white households than Black and Hispanic families, study says

  17-07-2020 02:35 via feedproxy.google.com
  
  A study published Thursday by the Urban Institute showed that wealthy and white households received economic-relief payments faster than Black and Hispanic families, as well as individuals below the poverty line.
  Nearly three-quarters of non-Hispanic white adults said they got their payment, according to the study. The proportions dropped to 69% for non-Hispanic Black adults and 64% for Hispanic adults.
  The report arrives as lawmakers argue over the need for additional stimulus checks and who th
  
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• JPMORGAN: US stocks are staring down a double whammy of spiking COVID-19 cases and an uncertain election — but traders shouldn't stay away entirely. Here are 3 strategies for those looking to stay invested.

  17-07-2020 02:34 via feedproxy.google.com
  
  JPMorgan cross-asset strategist John Normand is telling investors to maintain positions in US stocks even as the spreading coronavirus and the impending election generate more uncertainty. 
  Normand says the US is still posting stronger growth than much of the rest of the world, and investors shouldn't give up on that.
  He's telling them how to adjust their sector and regional exposures to reduce risk without surrendering that potential upside.
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• Virtual product tours have positive impact on consumers

  17-07-2020 01:30
  
  Marketers for tourist destinations as well as for complex goods and services can gain various benefits from providing 360-degree virtual tours to consumers, according to a study published in the Journal of Advertising Research (JAR).
  
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• US data privacy rights in spotlight after ECJ ruling

  17-07-2020 01:30
  
  The European Court of Justice has ruled that the transfer of data from the EU to the United States through a mechanism known as Privacy Shield, employed by thousands of American companies including Facebook, does not comply with EU privacy...
  
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• India’s sixth era of internet evolution

  17-07-2020 01:30
  
  The current crisis has ushered in “the sixth era of internet evolution” in India, which will add another 350 million users over the next five years, with growth being driven by the rural population, school-going children and women.
  
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• Gender disparities exacerbated by WFH

  17-07-2020 01:30
  
  Lockdown measures have led to parents picking up the childcare and schooling responsibilities alongside work, but according to a new study the demands on women are far higher, leading to a huge impact on working mothers.
  
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• Asia’s mobile e-sports opportunity

  17-07-2020 01:30
  
  The pandemic has changed the e-sports landscape in Asia, where mobile e-sports were already starting to challenge the dominance of PC and console-based gaming competitions.
  
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