Sales & Marketing news

• A Wall Street entertainment analyst explains what the return of sports means for media stocks — and breaks down a top pick for the 2nd half of 2020 (CMSCA)

  31-07-2020 22:14 via feedproxy.google.com
  Tuna Amobi, senior media and entertainment equity analyst at CFRA said the return of sports will slow cord-cutting as viewers flock to live-TV games.
  Amobi said the lockdown caused a "pent-up demand" to watch sports.
  The entertainment analyst said Comcast remains one of his favorite names right now.
  Read More on Business Insider.
  Tuna Amobi, senior media and entertainment equity analyst at CFRA, said the return of sports will help media companies that stream games. Sports are the "major glue tha
  
  Read more

• US stocks climb, erase earlier losses, amid tech earnings blowout and stimulus hope

  31-07-2020 22:04 via feedproxy.google.com
  US stocks rose on Friday, erasing earlier losses in the final hour of trading, as mega-cap tech firms reported better-than-expected quarterly earnings.
  Shares of Facebook, Apple,  and Amazon surged following earnings beats reported Thursday after the bell. 
  The gains in tech offset worries around spiking coronavirus and their impact on the economic recovery.
  Read more on Business Insider.
  US stocks climbed on Friday, erasing earlier losses in the final hour of trading, as mega-cap
  
  Read more

• US stocks fall as tech earnings blowout overshadowed by spiking virus cases

  31-07-2020 20:43 via feedproxy.google.com
  US stocks fell on Friday as blowout tech earnings were outweighed by climbing coronavirus cases. 
  Shares of Facebook, Apple,  and Amazon surged following earnings beats reported Thursday after the bell. 
  Coronavirus cases continue to climb, threatening to derail the economic recovery from the pandemic recession.Read more on Business Insider.
  US stocks declined on Friday as traders weighed blowout earnings reports from major technology companies against climbing coronavirus ca
  
  Read more

• 'COVID-19 has been like injecting Amazon with a growth hormone': Here's what 4 analysts had to say about Amazon's earnings report as $4,000 price targets start to roll in (AMZN)

  31-07-2020 20:21 via feedproxy.google.com
  Amazon reported second quarter earnings on Thursday that crushed analyst estimates.
  Shares of Amazon popped as much as 6.4% on Friday as a number of updated Wall Street price targets began to breach the $4,000 level for the e-commerce giant.
  Amazon saw a surge in retail business as more consumers migrated to online shopping amid the COVID-19 pandemic.
  Here's what three Wall Street analysts had to say about Amazon's blockbuster earnings report.
  Visit Business Insider's homepage for more stories.
  
  Read more

• Advertisement

• Trump is maiming US democracy

  31-07-2020 20:00 via feedproxy.google.com
  
  Hello, everyone! Welcome to the new edition of Insider Today. Please sign up here.QUOTE OF THE DAY
  "[The testing plan] just went poof into thin air," — a member of Jared Kushner's virus testing team, on how the administration abandoned a national testing plan after seeing that coronavirus was hitting blue states hardest.WHAT'S HAPPENINGThe $600 federal unemployment benefit expires today. Congress is still arguing how to replace it, with Democrats this week rejecting the GOP's $200/week int
  
  Read more

• Quant billionaire Cliff Asness breaks down the market landscape after suffering through value-investing 'hell' — and shares the advice he'd give his younger self

  31-07-2020 19:58 via feedproxy.google.com
  
  AQR's Cliff Asness tells Corey Hoffstein of Newfound Research that value stocks are even cheaper than during the tech bubble right now.
  Despite the value factor's consistent underperformance recently, Asness, a billionaire, believes it will bounce back — and the pain that the factor has caused gives him even more confidence in it.
  The fiery quant, known for Twitter outbursts and manhandling computers, also said that if he could give advice to himself when he started AQR more than 20 years
  
  Read more

• Congress' stimulus bill is now the 'most important data point' for Big Tech, DA Davidson's Tom Forte says after blockbuster earnings

  31-07-2020 19:37 via feedproxy.google.com
  Tom Forte said what happens with the next stimulus bill is the "most important data point for technology stocks." 
  The senior research analyst at DA Davidson told Bloomberg the $600-a-week stimulus is benefiting the results of a number of companies.
  Forte remains a tech bull and raised his price targets for both Apple and Amazon.
  Read More on Business Insider.
  Tom Forte, senior research analyst at DA Davidson, told Bloomberg on Friday that the "sequel of the CARES Act" is the "most importan
  
  Read more

• The Trump administration says it's open to signing a stimulus package that doesn't include a McConnell-backed liability shield for businesses

  31-07-2020 19:30 via feedproxy.google.com
  
  The Trump administration said it was open to striking a stimulus deal that doesn't include a liability shield for businesses, long a priority for Senate Majority Leader Mitch McConnell.
  "This president is very keenly focused on unemployment insurance," White House press secretary Kayleigh McEnany said on Friday.
  The comments appear to indicate the GOP and the White House are still split on which measures to prioritize for the next economic relief package.
  Republicans are under mounting pressure
  
  Read more

• Advertisement

• Apple dethrones oil giant Saudi Aramco as the world's most valuable company

  31-07-2020 19:05 via feedproxy.google.com
  Apple shares surged as much as 7% on Friday following a blockbuster earnings report on Thursday.
  The tech company's market capitalization briefly overtook Saudi Aramco's on Friday, dethroning the oil giant as the most valuable company in the world.
  Watch Apple and Saudi Aramco trade live on Markets Insider.
  Read more on Business Insider.
  Apple briefly overtook the oil giant Saudi Aramco as the most valuable company in the world on Friday after posting blockbuster quarterly earnings that sent sha
  
  Read more

• 200-plus money managers pay thousands to set eyes on Jim Osman's stock buy list. Here are 2 he says are set to soar — and an under-the-radar IPO to keep a watch on

  31-07-2020 18:53 via feedproxy.google.com
  
  Jim Osman, the founder of the Edge Group, arrives at his stock picks based off of longer-term, secular trends he's seeing emerge in the marketplace.
  His ideas boil down to technological advancements and a younger, more insular consumer.
  Click here to sign up for our weekly newsletter Investing Insider.
  Click here for more BI Prime stories."You should be looking for stocks where there's some sort of identifiable catalyst to move them."
  That's what Jim Osman, the founder of the Edge Group, sa
  
  Read more

• Eurozone GDP shrinks at the fastest rate in history, losing 12.1% in the second quarter

  31-07-2020 18:30 via feedproxy.google.com
  Eurozone GDP fell by 12.1% in the second quarter, its biggest decline in history.
  This is significantly higher than the Eurozone's Q1's GDP contraction of 3.6%
  Spain was the worst hit country, suffering an 18.5% decline compared to the previous quarter. 
  The European Union clinched a historic deal last week on an $860 billion recovery fund aimed at the reconstruction of the 27-member bloc.
  Visit Business Insider's homepage for more stories.Eurozone GDP fell by 12.1% in the second quarter of
  
  Read more

• Pinterest skyrockets 37% after reporting blockbuster earnings with growth in revenue and users (PINS)

  31-07-2020 17:19 via feedproxy.google.com
  Pinterest reported quarterly earnings on Friday that exceeded Wall Street's expectations for revenue and showed solid user growth. 
  Shares surged as much as 37% on Friday. 
  "This quarter we reached a milestone—more than 400 million people now come to Pinterest every month to get and stay inspired," said Ben Silbermann, CEO and cofounder of Pinterest in a press release.Watch Pinterest trade live on Markets Insider.
  Read more on Business Insider.
  Shares of Pinterest surged as much
  
  Read more

• The $600 weekly unemployment benefit is formally expiring for millions of jobless Americans — and Congress is still fighting over what should replace it

  31-07-2020 17:06 via feedproxy.google.com
  
  Congress is at an impasse over enhanced unemployment benefits, with Republicans under immense pressure to prevent them from lapsing on Friday.
  Democrats assailed the GOP for beginning to debate a replacement to the $600 weekly benefits at the 11th hour.
  Millions of unemployed people face income drops ranging from 50% to 75% until Congress enacts another supplemental payment to take its place.
  Visit Business Insider's homepage for more stories.The $600 federal supplement added to state unemployme
  
  Read more

• US consumers look to businesses before government

  31-07-2020 01:38
  
  Three quarters of Americans agree that, generally speaking, during the COVID-19 pandemic and related shutdowns, “companies were more reliable than the federal government in keeping America running”.
  
  Read more

• The evolution of the dating app – and what it means for brands

  31-07-2020 01:38
  
  Dating apps have evolved to enable users to find social connections generally as well as romance, and in doing so are giving brands more opportunities to create moments which are worth talking about.
  
  Read more

• The changing face of Qixi

  31-07-2020 01:38
  
  Brands and retailers are gearing up for next month’s Qixi Festival – China’s equivalent of Valentine’s Day – but changing cultural attitudes and lockdown-induced behavioural shifts point towards the growth of new gifting habits.
  
  Read more

• How to read TikTok’s transparency challenge

  31-07-2020 01:38
  
  Under pressure, the young and controversial social media app TikTok has laid down a challenge to its competitors: match us on our radical transparency and show the world your code – but does it actually signal a significant change for the app?
  
  Read more

• Gen Z wary of social media

  31-07-2020 01:38
  
  Lockdowns have led to a surge in online activity around the world, but research from Dentsu Aegis Network shows nearly half of Gen Z believe their personal use of tech has a negative impact on their health and wellbeing.
  
  Read more

• Advertisers may be wasting money on music choices

  31-07-2020 01:38
  
  Advertising professionals may be wasting valuable resources on choosing expensive music to accompany their work thanks to a bias that is not shared by consumers, according to a paper in the Journal of Advertising Research (JAR).
  
  Read more

Follow @sales_mrktinguk on Twitter!