Sales & Marketing news

• Lyft sinks 6% after reporting worst quarterly revenue since 2017

  13-08-2020 17:45 via feedproxy.google.com
  Lyft shares slid as much as 6% on Thursday after the company announced second-quarter results after the market close on Wednesday.
  While active ridership plummeted 60% year-over-year, revenue and losses per share beat expectations.
  Wall Street varied in its reaction. Wedbush analyst Dan Ives cut his price target for the rideshare giant, fearing July and early August rider trends point to a weak third quarter.
  Morgan Stanley boosted its outlook for the stock, citing "immediate benefits" of recent
  
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• Legendary investor George Soros says the stock market is trapped in a Fed-fueled liquidity bubble

  13-08-2020 17:44 via feedproxy.google.com
  The stock market's rally is trapped in a Federal Reserve-formed liquidity bubble, the billionaire investor George Soros said in an interview with the Italian newspaper La Repubblica.
  Valuations rest on hopes for another fiscal stimulus bill and President Donald Trump announcing a coronavirus vaccine before Election Day, Soros said.
  The legendary investor advised investors to assume fallibility and reflexivity in markets, as participants' worldviews "are always incomplete and distorted."
  Visit th
  
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• The US economy's 'depression-like' collapse will set up stocks for a 'wartime boom,' according to a top Wall Street strategist

  13-08-2020 17:28 via feedproxy.google.com
  The stock market may see a "wartime boom" next year following the US economy's "depression-like collapse," a prominent Wall Street strategist told CNBC on Wednesday.
  Economists predict that US GDP could rebound to one of its strongest levels ever in the first quarter next year. 
  Having to operate in a depression-like environment, "knee-jerk" reactions forced companies to cut down on most costs and increase efficiencies, Paulsen told CNBC. 
  "A lot of that boom will fall to the bottom li
  
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• Warren Buffett should cut his $110 billion Apple stake, veteran Berkshire Hathaway investor says

  13-08-2020 17:11 via feedproxy.google.com
  
  Warren Buffett should sell some of his $110 billion of Apple stock, according to a longtime Berkshire Hathaway shareholder.
  "Apple's shares have appreciated meteorically and are quite expensive relative to the company's earnings power," Darren Pollock, portfolio manager of Cheviot Value Management, told Business Insider.
  "We would not be averse to Berkshire trimming back its gigantic stake in Apple," he added.
  Pollock also defended Buffett's caution during the coronavirus pandemic, and praised B
  
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• The stock market has 'a ways to go' as increased liquidity flows into stocks, Wharton professor Jeremy Siegel says

  13-08-2020 16:40 via feedproxy.google.com
  The stock market still has "a ways to go" even as it approaches record all-time highs, according to Wharton professor Jeremy Siegel.
  In an interview with CNBC on Wednesday, Siegel said that the increased liquidity from central bank policies in response to the COVID-19 pandemic will flow into stocks, pushing them past record highs. 
  Siegel expects a "spending boom" to occur in 2021 as pent-up demand from consumers and increased liquidity is unleashed on the economy once a successful vaccine
  
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• Mike Pence claimed Trump created more jobs in the last 3 months than Obama did in 8 years — and the backlash was swift

  13-08-2020 16:39 via feedproxy.google.com
  
  Vice President Mike Pence claimed on Fox News that the Trump administration had created "more jobs in the last three months than Joe Biden and Barack Obama did in their eight years in office."
  Experts were quick to point out Pence left out April, a month the US suffered 20.8 million job losses. The economy has only recovered just under half of them, or 9 million.
  The Obama economy recorded a net total of 11.5 million job gains over two terms.Visit Business Insider's homepage for more stories.Dur
  
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• Stocks will soar 14% by the end of next year on unyielding optimism, long-standing bull Ed Yardeni says

  13-08-2020 16:33 via feedproxy.google.com
  The stock market is "discounting lots of good news through the end of next year" and will rally into 2022, strategist Ed Yardeni said in a Wednesday note.
  The longtime bull raised his S&P 500 targets to 3,500 for this year and 3,800 for 2021.
  Stocks remain in the same melt-up that began in late March, and expectations for strong profit growth should keep prices rallying for several months, Yardeni said.
  Indexes' initial leap on Tuesday's news of a Russian coronavirus vaccine also s
  
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• Tesla has surged 18% since it announced a stock split 2 days ago (TSLA)

  13-08-2020 16:31 via feedproxy.google.com
  Tesla has rallied since the company announced on Tuesday that it will enact a five-for-one stock split on its shares at the end of August. 
  Shares of the automaker jumped 13% on Wednesday, and climbed as much as 4% Thursday. 
  The stock split doesn't change anything about the company fundamentally, but should appeal to smaller investors. 
  Watch Tesla trade live on Markets Insider.
  Read more on Business Insider.
  Tesla continues to rally as investors cheer the company's announcement
  
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• US stocks trade mixed after jobless claims fall below 1 million for first time since March

  13-08-2020 16:13 via feedproxy.google.com
  US stocks traded mixed on Thursday after weekly unemployment claims dipped below 1 million for the first time since the coronavirus pandemic drove historic job losses.
  Claims for jobless benefits dropped to 963,000 for the week that ended on Saturday, the Labor Department said. The reading handily beat economists' estimate of 1.1 million claims.
  Investors continued to wait for progress in stimulus bill negotiations. House Speaker Nancy Pelosi on Wednesday rebuffed the White House's criticism of
  
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• Billionaire Ray Dalio's Bridgewater fund poured almost half a billion dollars into gold in Q2

  13-08-2020 16:02 via feedproxy.google.com
  Billionaire Ray Dalio's hedge fund invested more than $400 million in gold in Q2. 
  13F filings show his Bridgewater Associates firm piled into two of the world's largest gold-back ETFs: The iShares Gold Trust and the SPDR Gold Trust. 
  Bridgewater's holding in the SPDR Gold Trust alone is now worth $914.3 million, up from closer to $600 million in Q1. 
  Gold prices have risen 26% since the start of the year, and hit record highs. 
  Visit Business Insider's homepage for more stor
  
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• This one sign could indicate that a stock-market sell-off is near, Wells Fargo stock chief says

  13-08-2020 15:42 via feedproxy.google.com
  Chris Harvey, Wells Fargo Securities head of equity strategy, told CNBC that short interest ticking up from low levels could indicate stock market sell-offs. 
  "It's not a catalyst by itself, but it's a concern, and it's a concern as we see the market melting up," he said.
  Short interest on the S&P 500 as a percentage of float is at "very low levels," Harvey said. It stood at 3.1% last week, CNBC reported, citing Wells Fargo Securities data. That's down from 3.3% in mid-July. 
  Visit
  
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• A top Morgan Stanley strategist breaks down the risks to further US stimulus — and explains why he still expects lawmakers to reach a deal

  13-08-2020 15:22 via feedproxy.google.com
  Morgan Stanley's top public-policy strategist laid out reasons why President Trump's latest executive orders on unemployment benefits pose new risks to further US stimulus.
  Although lawmakers have agreed on handing out another $1,200 paycheck to eligible Americans, parties remain split on other measures, such as tax cuts and unemployment benefits.Morgan Stanley's Michael Zezas explained that legislators may have to return to the table, as Trump's measures may not actually achieve the intended re
  
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• Gold climbs for a 2nd straight day after suffering biggest drop in 7 years

  13-08-2020 15:10 via feedproxy.google.com
  Gold rose Thursday, heading for its second daily gain in a row after plunging the most in seven years on Tuesday. 
  Tuesday's slump was set off by rising US bond yields. 
  Both gold and silver have reversed course after a week of volatile trading and are trending higher again. 
  Watch gold trade live on Markets Insider.
  Read more on Business Insider.
  Gold edged higher on Thursday, heading for its second daily gain after falling the most in seven years on Tuesday. 
  Spot gold rose
  
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• The IEA warns global oil demand will shrink further in both 2020 and 2021, held up by gloomy air travel

  13-08-2020 15:09 via feedproxy.google.com
  The International Energy Agency lowered its global oil demand forecasts for 2020 and 2021 on expectations of a further downturn in air travel.
  Although there has been a recovery in business and industrial activity, that did not deter the agency from downgrading its estimates.
  The Paris-based agency expects global oil demand to fall by 8.1 million barrels a day year-on-year to 91.1 million barrels a day this year, driven by lower demand for jet fuel.
  For 2021, the agency revised down its prior es
  
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• REVEALED: Meet 20 Goldman Sachs leaders running the powerful merchant-banking division that's raising $100 billion for a new alternatives push

  13-08-2020 14:53 via feedproxy.google.com
  
  Goldman Sachs' merchant banking division has been ground zero for CEO David Solomon's push to build an alternatives-investing powerhouse by attracting third-party funds. 
  The firm is planning to raise at least $100 billion over the next five years from outside investors, including many public pension funds that haven't previously given their funds to Goldman. 
  The strategy has meant a shift away from investing from its own balance sheet and required combining of several disparate teams
  
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• US weekly jobless claims fall below 1 million for the first time since March

  13-08-2020 14:43 via feedproxy.google.com
  
  New US jobless claims for the week that ended Saturday totaled 963,000, the Labor Department said Thursday. That came in below the consensus economist estimate of 1.1 million.
  This week's report brought total filings over a 21-week period to more than 56 million.
  Continuing claims, the aggregate total of people receiving unemployment benefits, totaled 15.5 million for the week that ended August 1.Visit Business Insider's homepage for more stories.Fewer than 1 million Americans filed new claims f
  
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• Fred Liu's Hayden Capital has returned more than 100% in 2020. He breaks down the simple strategy he used to pinpoint 2 stocks that grew 10-times within just a few years.

  13-08-2020 14:15 via feedproxy.google.com
  
  Fred Liu, the founder and portfolio manager at Hayden Capital, absolutely crushed the market in the first half of 2020, achieving a 101.2% return.
  Two of Liu's stock picks recently eclipsed "10-bagger" status (returns in excess of 10-times his original investment), prompting a breakdown of the factors that promoted such outstanding performance.
  Liu generally only holds anywhere from six to 15 positions in the portfolio.
  Click here to sign up for our weekly newsletter Investing Insider.
  Click her
  
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• Goldman Sachs explains the biggest factors that will drive returns in all 11 stock-market sectors amid virus uncertainty — and lays out how you should position your portfolio in each one (AMZN, FB, GOOGL, GS, VGT, FIDU, IDU)

  13-08-2020 14:05 via feedproxy.google.com
  
  Investor uncertainty around COVID-19 and the November elections is impacting stock market sectors in different ways.
  In a recent note, Goldman Sachs laid out their recommended portfolio allocations for all 11 sectors of the S&P 500 and spelt out the performance drivers for each one.
  Click here to sign up for our weekly newsletter Investing Insider.
  Visit Business Insider's homepage for more stories.Persistent near-term uncertainty about the COVID-19 outbreak, the path of the US economy, and
  
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• Why Viagra shifted the conversation away from doctors

  13-08-2020 01:15
  
  When Viagra Connect, the over-the-counter treatment for erectile problems, launched into the UK market two years ago, the focus was on functional communications to spread awareness, but today it’s taking a very different approach – here’s why....
  
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• The new rules of online political campaigning

  13-08-2020 01:15
  
  Political parties and campaigners will need to clearly show who they are when promoting campaign content online, under new measures set out by the UK government.
  
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• State Farm responds to ‘perpetual planning cycle’

  13-08-2020 01:15
  
  State Farm, the insurance company, is adapting to a “perpetual planning cycle” that has resulted from the disruption which has transformed the marketing environment in 2020.
  
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• Indian consumer behaviours ‘permanently altered’ by COVID-19

  13-08-2020 01:15
  
  Consumers in India are now focused on their most basic needs while cutting back on nonessentials, according to a new report from Accenture.
  
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• Brands re-evaluate worth of college football

  13-08-2020 01:15
  
  The decision of two of the biggest conferences in college sports to cancel their fall seasons, ostensibly on health grounds, is yet another blow to sportswear giants struggling to manage the lack of live sporting occasions.
  
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• Balenciaga feels the heat in China

  13-08-2020 01:15
  
  Luxury fashion brand Balenciaga has faced a tidal wave of criticism in China over  promotional pictures of products it has created for the Qixi festival, but some observers suggest people are too ready to find fault with western brands.
  
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