Macy's (NYSE: M) May Have a Comeback In It. 3 Stocks That Are Vulnerable To A Second COVID-19 Wave. Markets Sink On Second Wave Fears.
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The Early Bird Newsletter

Thursday, June 25th

S and P pricesDow pricesQQQ prices
Good Morning

Equity markets were faced with another brick for the proverbial “wall of worry” on Thursday. The IMF released its latest outlook for global economic activity and the outlook is dire. Due to the COVID-19 pandemic and its spread across the globe world GDP is expected to be near -5.0% in 2020, a record low.

Adding to the worry is growing sign the U.S. epidemic is getting out of control. Florida, one of the earliest states to reopen and one flooded by tourists, reported a record increase in new cases as did California.

Traders and investors are urged to be cautious. Today’s 2.6% pullback in equity prices may be the beginning of another major sell-off. If it is, be sure to have cash ready when the selling is over. The long-term outlook remains bullish, the pandemic will end sooner or later.

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Markets

Macy's (NYSE: M) May Have a Comeback In It

Granted, the picture does not look all that bright for Macy's. We don't mention the looting of its flagship New York City store here because it happened about two weeks ago, but it certainly doesn't help matters.

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Markets

3 Stocks That Are Vulnerable To A Second COVID-19 Wave

Just as it was starting to feel as if we had turned the corner in the fight against coronavirus, it looks like the bells about to ring for round two. Equities, which had been at the forefront of the economic recovery, are now at the forefront of the current panic as states across the country conti...

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Markets

Markets Sink On Second Wave Fears

Investors were reminded of the dark days of Q1 in Wednesday’s session as equities were dumped en masse in the face of a second COVID-19 wave. For many, this weakness in equities won’t come as too much of a surprise as it’s been bubbling for a few weeks. States such as Florida, Ar...

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From Our Partners

Markay Latimer answers your crisis market questions

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Markets

Australia's Qantas airline to cut 6,000 jobs as virus hits

Qantas plans to cut at least 6,000 jobs and keep 15,000 more workers on extended furloughs as Australia's largest airline tries to survive the coronavirus pandemic. Qantas announced a plan Thursday to reduce costs by billions of dollars and raise fresh capital. The plan includes groun...

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Markets

GNC files for Ch. 11 bankruptcy protection, Ugg in demand

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the national and global response, the work place and the spread of the virus. ________________________ TRAVEL: ...

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Tech

SoftBank's Son leaves Alibaba board following Ma's departure

Masayoshi Son, the chief executive of Japanese technology company SoftBank Group Corp., said Thursday that he is stepping down from the board of Chinese e-commerce giant Alibaba. Son announced the change at the end of SoftBank's general shareholders' meeting. He emphasized that the de...

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Politics

Report: State, local aid needed to avert 4 million layoffs

A new private sector report is warning anew of continuing damage to the economy if Washington doesn’t deliver several hundred billion dollars in budget relief to states and local governments amid the coronavirus pandemic. But Wednesday’s report by Moody’s Analytics, a private sector e...

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Politics

Bayer paying up to $10.9B to settle Monsanto weedkiller case

Bayer said Wednesday that it will pay up to $10.9 billion to settle litigation over the weedkiller Roundup, which has faced thousands of lawsuits over claims it causes cancer. Bayer said it was also paying up $1.22 billion to settle two additional areas of intense litigation, one invo...

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Markets

Monster Beverage (NASDAQ: MNST) Looks Abroad for Continued Growth

Monster Beverage (NASDAQ: MNST), formerly known as Hansen’s Natural, is one of the best-performing stocks of the century. Sixteen years ago, shares of the energy drink maker were worth a split-adjusted 10 cents.

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The Early Bird Stock Of The Day

Tableau Software Inc

Tableau Software Inc

Tableau Software, Inc., together with its subsidiaries, provides business analytics software products. It offers Tableau Desktop, a self-service, powerful analytics product with data; Tableau Server, a business intelligence platform for organizations; Tableau Online, a hosted software-as-a-service version of Tableau Server; Tableau Prep, a data preparation product for combining, shaping, and cleaning data; and Tableau Public, a cloud-based platform for analyzing and sharing public data. In addition, it offers Visual Query Language (VizQL) for databases, which is a computer language for describing pictures of data, including graphs, charts, maps, time series, and tables of visualizations; Live Query Engine that interprets abstract queries generated by VizQL into syntax understandable by database systems; and Hyper, an in-memory data engine technology that helps customers to analyze a range of data sets by evaluating analytical queries directly in the transactional database. Further, the company provides support, maintenance, training, and professional services. It serves organizations in various industries, including business services, energy and telecommunications, financial services, life sciences and healthcare, manufacturing and technology, media and entertainment, public sector, and education, as well as retail, consumer, and distribution industries. The company sells its products directly, as well as through indirect sales channels, such as technology vendors, resellers, original equipment manufacturers, independent software vendor, and distributors in the United States, Canada, and internationally. Tableau Software, Inc. was founded in 2003 and is headquartered in Seattle, Washington.

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