Benzinga Pro's Top 5 Stocks To Watch For Mon., Mar. 16, 2020: SPY, AAL, ZM, LVS, FDX

Benzinga Pro's Stocks To Watch For Monday

• SPDR S&P 500 ETF Trust (SPY) - The ETF was down about 10% in pre-market action following Sunday-afternoon actions from the Federal Reserve. The US central bank, just two days ahead of a regularly-scheduled Federal Open Market Committee meeting, cut rates to 0%. The Fed also announced coordinated efforts with the ECB, Bank of Japan, Bank of Canada and the Swiss National Bank. The global active coronavirus case number was near 170,000 as of Monday morning. U.S. cases neared 4,000. Stock futures hit a limit-down circuit breaker earlier in Monday's pre-market session. The S&P level to watch for the first circuit breaker upon open at 9:30 a.m. EDT: 2,521.25.
• American Air (AAL) - Shares were down 20% with the broader stock market and followed a 7% move higher on Friday. The airline industry has been the industry hardest hit by the coronavirus outbreak; American shares were down 60% over the last one month. A Reuters report Monday morning suggested the company and its pilots agreed to terms for a coronavirus sick leave and pay protection package.
• Zoom Video Communications (ZM) - One of the few stocks to benefit from the massive coronavirus outbreak, shares were up about 6% over the last month but down about 4% with the broader markets Monday morning. Zoom is a provider of remote-access video meeting communications platform and is being viewed as a potentially beneficiary as small businesses and large corporations alike are encouraging their team members to work from home. 
• Las Vegas Sands (LVS) - MGM Resorts (MGM) announced over the weekend it would be closing 10 Vegas properties as of Mar. 17. The Sands competitor said casino operations would be closed as of Monday, with hotel operations to follow thereafter. The Vegas news did not stop a Jefferies analyst from upgrading shares of Las Vegas Sands to Buy. Las Vegas Sands shares were down 16% Monday morning.
• FedEx (FDX) - Will report Q3 results after the close Tuesday. A reminder that for the quarter the company will be reporting (ended Dec. 31, 2019), the impact of the coronavirus outbreak will not be seen as it was not yet happening on a global basis.