Top Stories https://www.benzinga.com/views/taxonomy/term/138079 en Bezos Is Creating A $10 Billion "We Can Save Earth" Fund. Will Amazon Follow? https://www.benzinga.com/news/earnings/20/02/15384195/bezos-is-creating-a-10-billion-we-can-save-earth-fund-will-amazon-follow <p>The founder of <strong>Amazon.com Inc</strong>. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>), Jeff Bezos, decided to enter the climate change battle by creating Bezos Earth Fund, his biggest humanitarian investment. The fund should start issuing grants within few months, currently from $10 billion which will come from Bezos, and hopefully will grow with participations other big or small companies, organizations, states or individuals.</p> <h3>Faster, Eco-Friendly Deliveries From Amazon?</h3> <p>Amazon and its CEO and president Bezos are under pressure to increase the speed of delivering goods to final customers, but not without taking into account environmental consequences. Some say that the company is not doing enough on this matter. The decision to create the fund should hopefully bring some positive changes, but it is left to see how the fund will be in collaboration with the company, regarding climate change.</p> <p>In theory, online shopping should mean some positive changes for the climate if the number of car visits to the store are reduced, or actually replaced with fewer vehicle trips for deliveries. Here we must differentiate levels of services and their values &ndash; Amazon Prime allows its subscribers to have several smaller orders with no penalty, meaning there still are a ...</p><p><a href=https://www.benzinga.com/news/earnings/20/02/15384195/bezos-is-creating-a-10-billion-we-can-save-earth-fund-will-amazon-follow alt=Bezos Is Creating A $10 Billion &quot;We Can Save Earth&quot; Fund. Will Amazon Follow?>Full story available on Benzinga.com</a></p> AAPL Amazon AMZN climate change e-commerce Earnings FCAU FNHI GOOG GOOGL IAM Newswire Jeff Bezos MSFT NASDAQ News RNLSY tech stocks Emerging Markets Entrepreneurship Retail Sales Global Top Stories Intraday Update Markets Tech General AAPL US0378331005 AMZN US0231351067 GOOG US38259P7069 MSFT US5949181045 NASDAQ FNHI GOOGL US38259P5089 FCAU RNLSY News Earnings Entrepreneurship Emerging Markets Retail Sales Global Top Stories Intraday Update Markets Tech General Benzinga Fri, 21 Feb 2020 19:14:27 +0000 IAM Newswire 15384195 at https://www.benzinga.com Walmart Touts Driver Wages Despite Court Rejecting Back-Pay Rehearing https://www.benzinga.com/news/earnings/20/02/15385621/walmart-touts-driver-wages-despite-court-rejecting-back-pay-rehearing <p><strong>Walmart Inc </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wmt#NYSE">WMT</a>) is confident in what it says is above-average pay it offers its drivers and takes issue with a<a href="https://www.freightwaves.com/news/breaking-ninth-circuit-denies-rehearing-of-walmart-sleeper-berth-case"> decision Thursday</a> by a federal appeals court denying the company&#039;s bid for a rehearing on a class-action lawsuit over back wages.</p> <p>"We continue to believe that our truck drivers are paid in compliance with California law and often in excess of what California law requires," the company said in a statement to FreightWaves. "We are proud that our drivers are among the best paid in the industry, earning, on average, between $80,000 to over $100,000 per year. We disagree with the decision."</p> <p>Walmart in January petitioned the U.S. Circuit Court of Appeals for the ...</p><p><a href=https://www.benzinga.com/news/earnings/20/02/15385621/walmart-touts-driver-wages-despite-court-rejecting-back-pay-rehearing alt=Walmart Touts Driver Wages Despite Court Rejecting Back-Pay Rehearing>Full story available on Benzinga.com</a></p> Earnings Freight Freightwaves Logistics News Supply Chain truck drivers trucking USX Walmart WMT Guidance Commodities Legal Top Stories Economics Markets General WMT US9311421039 USX News Earnings Guidance Commodities Legal Top Stories Economics Markets General Benzinga Fri, 21 Feb 2020 17:27:06 +0000 FreightWaves 15385621 at https://www.benzinga.com 4 Coronavirus Myths Causing Unnecessary Alarm https://www.benzinga.com/news/20/02/15383924/4-coronavirus-myths-causing-unnecessary-alarm <p>A few weeks into the COVID-19 outbreak, the World Health Organization warned not of an epidemic but of a &ldquo;massive infodemic.&rdquo; A deluge of media reports flooded consumers with information that blended the true and the false.</p> <p>The WHO said the threat &ldquo;makes it hard for people to find trustworthy sources and reliable guidance when they need it.&rdquo; The environment has made <a href="https://www.benzinga.com/topic/coronavirus">the new coronavirus</a> all the more dangerous and prompted WHO to establish an around-the-clock <a href="https://www.who.int/emergencies/diseases/novel-coronavirus-2019/advice-for-public/myth-busters">media operation</a> to monitor and correct misinformation.</p> <p>Here are some myths that have been debunked:</p> <h3>There Are More Infections Than Reports Suggest</h3> <p>Early into the outbreak, unofficial vlogs by Chinese residents claimed domestic incidence rates beyond 90,000. The WHO has recorded ...</p><p><a href=https://www.benzinga.com/news/20/02/15383924/4-coronavirus-myths-causing-unnecessary-alarm alt=4 Coronavirus Myths Causing Unnecessary Alarm>Full story available on Benzinga.com</a></p> coronavirus Covid-19 FB GOOG GOOGL News TWTR WHO World Health Organization Education Health Care Global Top Stories General GOOG US38259P7069 FB GOOGL US38259P5089 TWTR US90184L1026 News Education Health Care Global Top Stories General Benzinga Fri, 21 Feb 2020 16:58:03 +0000 Elizabeth Balboa 15383924 at https://www.benzinga.com Lululemon Trades Down, Coca-Cola Investors Stay Positive After Coronavirus Updates https://www.benzinga.com/news/20/02/15384063/lululemon-trades-down-coca-cola-investors-stay-positive-after-coronavirus-updates <p><strong>Lululemon Athletica Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lulu#NASDAQ">LULU</a>) said Friday that its 38 Chinese stores have been closed since Feb. 3 due to the COVID-19 virus outbreak in the country.&nbsp;</p> <p>Some of the athleisure retailer&#39;s stores in the country are now operating on a reduced schedule, according to the company&#39;s press release. Lululemon said it is continuing to monitor the evolving&nbsp;situation with the new <a href="https://www.benzinga.com/topic/coronavirus">coronavirus</a>, and added that its online business has continued to operate.</p> <p>Lululemon said it&nbsp;it will offer updates on the financial and operational impact from the coronavirus impact on its fourth-quarter call in late March.&nbsp;&nbsp;financial and operational impact on fourth-quarter earnings in a conference call.</p> <p>&ldquo;We&rsquo;re inspired by the ...</p><p><a href=https://www.benzinga.com/news/20/02/15384063/lululemon-trades-down-coca-cola-investors-stay-positive-after-coronavirus-updates alt=Lululemon Trades Down, Coca-Cola Investors Stay Positive After Coronavirus Updates>Full story available on Benzinga.com</a></p> beverages China coronavirus food KO LULU News retail Guidance Global Top Stories LULU US5500211090 KO US1912161007 News Guidance Global Top Stories Benzinga Fri, 21 Feb 2020 15:45:43 +0000 Tanzeel Akhtar 15384063 at https://www.benzinga.com Ark Invest Says Autonomous Ride-Hailing Now Looks Even More Profitable Than Previously Estimated https://www.benzinga.com/analyst-ratings/analyst-color/20/02/15384201/ark-invest-says-autonomous-ride-hailing-now-looks-even-more-profitable-than-previou <p>As investors approach the one-year IPO anniversaries of ridehailing stocks <strong>Uber Technologies Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uber#NYSE">UBER</a>) and <strong>Lyft Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lyft#NASDAQ">LYFT</a>), there&rsquo;s no question the investments have been disappointments up to this point.</p> <p>Both stocks are trading below their IPO prices as losses continue to mount and the companies are still a long way from proving viable business models, but Ark Invest analyst Tasha Keeney <a href="http://ark-invest.com/research/autonomous-ridehailing-fees">said this week </a>that ridehailing may ultimately end up much more profitable than Ark had previously modeled.</p> <p>Keeney said the key to a profitable ridehailing business will be autonomy. She estimates the cost per mile of using the average U.S. taxi is $3.50, while the cost per mile of a personal car is 70 cents. However, Ark estimates the cost per mile of an autonomous taxi will ultimately be around 25 cents.</p> <h3>Other Winners</h3> <p>Not only will this make Uber and Lyft big ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/20/02/15384201/ark-invest-says-autonomous-ride-hailing-now-looks-even-more-profitable-than-previou alt=Ark Invest Says Autonomous Ride-Hailing Now Looks Even More Profitable Than Previously Estimated>Full story available on Benzinga.com</a></p> Analyst Color ARK Invest GOOG GOOGL Long Ideas LYFT ridehailing Tasha Keeney TSLA UBER Waymo Travel Top Stories Analyst Ratings Tech Trading Ideas General GOOG US38259P7069 TSLA US88160R1014 GOOGL US38259P5089 UBER LYFT Long Ideas Analyst Color Travel Top Stories Analyst Ratings Tech Trading Ideas General Benzinga Fri, 21 Feb 2020 15:05:13 +0000 Wayne Duggan 15384201 at https://www.benzinga.com Financial Sector Stocks Could Be In Focus Today As Treasury Yields Falter, But Deere Shines https://www.benzinga.com/news/earnings/20/02/15384117/financial-sector-stocks-could-be-in-focus-today-as-treasury-yields-falter-but-deere-shines <p>Wall Street&rsquo;s risk-off mood appears to be continuing this morning as rising coronavirus tallies seem to have investors on edge.</p> <p>Even as this earnings season continues to be generally better than expected, investors and traders seem to be focusing instead on the outbreak&rsquo;s potential impact on corporate earnings as the number of cases jumped in China overnight, and South Korea and Japan are also reporting substantial numbers of infections.</p> <p>From a corporate standpoint, investors were particularly worried after&nbsp;<strong>Coca-Cola&nbsp;</strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ko#NYSE">KO</a>) said the outbreak would reduce its earnings. As fears mounted market participants flocked to the relative safety of U.S. government debt, pushing the yield on the 10-year Treasury note below 1.5% and that of the 30-year bond to an all-time low below 1.92%.</p> <p>Other corporate news was brighter, however, as&nbsp;<strong>Deere &amp; Company&nbsp;</strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/de#NYSE">DE</a>) reported solid earnings of $1.54 per share, well above the $1.25 third party consensus. Revenue also came in ahead of consensus. The cautious tone for 2020 struck by CEO John May didn&rsquo;t seem to dampen enthusiasm for the stock. DE was up 6% in premarket trading.</p> <p>Keep in mind that we&rsquo;re heading into a weekend, which means the selling might be stronger than it otherwise would be as investors and traders may want to not carry as much risk over the two-day break when no one knows what the headlines will hold.&nbsp;</p> <h3>A Head Scratcher</h3> <p>Yesterday, the main three U.S. indices ended the day lower after recovering some ground from a sharp intraday drop. Meanwhile, there was an uptick in demand for U.S. government debt, which pressured yields; gold prices rose; the&nbsp;<strong>Cboe&nbsp;Volatility&nbsp;Index&nbsp;</strong>(INDEXCBOE: VXS) moved up; and the U.S. dollar jumped.&nbsp;</p> <p>The general pressure on stocks and rise in safe-haven investments indicated that investors were in a risk-off mood because of worries about the coronavirus outbreak. But the magnitude of sharp intraday downturn was a bit of a head scratcher, defying ready explanation.</p> <p>There&rsquo;s always the chance someone made a large trading mistake, but if this had been a fat-finger situation where by one big desk ...</p><p><a href=https://www.benzinga.com/news/earnings/20/02/15384117/financial-sector-stocks-could-be-in-focus-today-as-treasury-yields-falter-but-deere-shines alt=Financial Sector Stocks Could Be In Focus Today As Treasury Yields Falter, But Deere Shines>Full story available on Benzinga.com</a></p> coronavirus DE Earnings KO manufacturing News TD Ameritrade Emerging Markets Emerging Market ETFs Commodities Options Travel Treasuries Global Top Stories Markets Tech ETFs General DE US2441991054 KO US1912161007 News Earnings Emerging Markets Emerging Market ETFs Commodities Options Travel Treasuries Global Top Stories Markets Tech ETFs General Benzinga Fri, 21 Feb 2020 14:41:06 +0000 JJ Kinahan 15384117 at https://www.benzinga.com Friday's Market Minute: Coronavirus Outlook Remains Cloudy https://www.benzinga.com/news/earnings/20/02/15383854/fridays-market-minute-coronavirus-outlook-remains-cloudy <p>The coronavirus rampage continues in China, with reports of the total infected topping over 75,000 with 2,236 deaths. The nation also adjusted the number of cases for the third time this month. Hubei&rsquo;s health commission revised new cases to 631 from 411, saying the reason behind the revision today was to account for a report from a prison, which disclosed 271 cases in its system.</p> <p>South Korea is now one of the worst-affected areas outside of China, reporting 52 new cases and more than 200 cases total nationwide. According to a briefing, the country confirmed an additional 100 new cases of the coronavirus in just one day. The Korea Center for Disease Control and Preventions said that most ...</p><p><a href=https://www.benzinga.com/news/earnings/20/02/15383854/fridays-market-minute-coronavirus-outlook-remains-cloudy alt=Friday&#039;s Market Minute: Coronavirus Outlook Remains Cloudy>Full story available on Benzinga.com</a></p> AMZN China coronavirus Earnings FB HMC Imports News NKE PG SBUX shipping TD Ameritrade Guidance Emerging Markets Emerging Market ETFs Commodities Options Travel Global Top Stories Markets ETFs General AMZN US0231351067 SBUX US8552441094 HMC US4381283088 NKE US6541061031 PG US7427181091 FB News Earnings Guidance Emerging Markets Emerging Market ETFs Commodities Options Travel Global Top Stories Markets ETFs General Benzinga Fri, 21 Feb 2020 14:20:15 +0000 TD Ameritrade Network 15383854 at https://www.benzinga.com Commentary: Coronavirus Will Significantly Impact US Container Imports In March https://www.benzinga.com/news/earnings/20/02/15383173/commentary-coronavirus-will-significantly-impact-us-container-imports-in-march <p><em>Editor&#039;s note: The views expressed here are solely those of the author and not of FreightWaves or its affiliates.</em></p> <p>Container imports into the 10 largest U.S. ports dropped 4.1% in January, a reprieve from December&#039;s 12.5% decline and November&#039;s 6.5% decline. These recent downturns are driven by China tariffs.</p> <p>Vagaries related to the Chinese New Year holiday make single-month comparisons in these early months less meaningful. However, broader actual measures point to a consistent downward trend. The six-month trailing numbers are down for the fifth straight month — to a 4.6% decline — and the 12-month trailing numbers are down for the ninth straight month, to a 1.8% decline.</p> <p>With tariffs still in place, I had anticipated that the actual downward trend would continue as my forecast called for the first nine months of 2020 circling around a 10% actual decline, similar to the fourth-quarter experience.</p> <p>The reprieve in January will be short-lived, but not just because of tariffs. A new negative catalyst in the form of the coronavirus originating in Wuhan, China, is now impacting supply chains. After the virus first became a news story in mid-January, the World Health Organization declared it a global health emergency on Jan. 30.</p> <p>The spread of the coronavirus and its ramifications have grown exponentially. U.S. inbound loads weren&#039;t affected in January and the impact in February will be moderate. But the coronavirus impact on March will be significant.</p> <p>The coronavirus impact first resulted in at least a one-week holiday extension that kept factories throughout China closed. Reports point to extensive quarantines and reduced activity, even after the holiday ended. For instance, one report claimed only 50% of stevedores are now on duty in Shanghai, the world&#039;s largest container port. Earlier this week, a 23,000 twenty-foot equivalent unit (TEU) ship reportedly departed China en route to North Europe with only 2,000 TEUs in loaded containers. Industry sources have cited numerous ...</p><p><a href=https://www.benzinga.com/news/earnings/20/02/15383173/commentary-coronavirus-will-significantly-impact-us-container-imports-in-march alt=Commentary: Coronavirus Will Significantly Impact US Container Imports In March>Full story available on Benzinga.com</a></p> China container shipping coronavirus Earnings Freight Freightwaves Imports Logistics News Supply Chain Guidance Emerging Markets Commodities Global Top Stories Markets General News Earnings Guidance Emerging Markets Commodities Global Top Stories Markets General Benzinga Fri, 21 Feb 2020 14:04:42 +0000 FreightWaves 15383173 at https://www.benzinga.com How Large Option Traders Are Playing Expedia Amid Coronavirus Fears https://www.benzinga.com/trading-ideas/long-ideas/20/02/15377079/how-large-option-traders-are-playing-expedia-amid-coronavirus-fears <p>Travel stocks have been volatile in recent weeks due to uncertainties surrounding the potential impact of the COVID-19 coronavirus outbreak on global travel.</p> <p><strong>Expedia Group Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/expe#NASDAQ">EXPE</a>) shares have rallied following a big earnings beat, and the online travel giant certainly has the attention of some large option traders on Thursday.</p> <h3>The Trades</h3> <p>On Thursday, <a href="https://pro.benzinga.com/">Benzinga Pro</a> subscribers received two option alerts related to unusually large trades of Expedia options.</p> <ul> <li>At 10:52 a.m. ET, a trader bought 642 Expedia call options with a $130 strike price expiring on Jan. 15, 2021 near the ask price at $11.397 cents. The trade represented a bullish bet worth $731,687.</li> <li>At 11:01 a.m. ET, a trader sold 1,336 Expedia call options with a $130 strike price expiring on Jan. 15, 2021 at the bid price of $12.801 cents. The trade represented a bearish bet worth more than $1.7 million.</li> </ul> <p>Of the 12 total large Expedia option trades so far this week, six were calls purchased at or near the ask or puts sold at or near the bid, trades typically seen as bullish. Five trades were calls sold at the near the bid or puts purchases at or near the ask, trades typically seen as bearish. One trade was executed near the ...</p><p><a href=https://www.benzinga.com/trading-ideas/long-ideas/20/02/15377079/how-large-option-traders-are-playing-expedia-amid-coronavirus-fears alt=How Large Option Traders Are Playing Expedia Amid Coronavirus Fears>Full story available on Benzinga.com</a></p> coronavirus Covid-19 EXPE Long Ideas Options Travel Top Stories Markets Trading Ideas General EXPE US30212P1057 Long Ideas Options Travel Top Stories Markets Trading Ideas General Benzinga Thu, 20 Feb 2020 18:10:32 +0000 Wayne Duggan 15377079 at https://www.benzinga.com How Shaquille O'Neal Negotiates, Picks His Portfolio https://www.benzinga.com/general/education/20/02/15376483/how-shaquille-oneal-negotiates-picks-his-portfolio <p>The <a href="https://www.benzinga.com/news/20/02/15374019/from-dunks-to-dumps-shaq-to-be-spokesman-for-tonka-truck-toys">new face of Tonka Trucks</a> is certainly familiar.</p> <p>Over the last two decades, you&rsquo;ve seen it peddling just about everything under the sun: Muscle Milk, Fruity Pebbles, Ring doorbells, Zales, Soupman, <strong>J C Penney Company Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jcp#NYSE">JCP</a>), <strong>Comcast Corporation</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmcsa#NASDAQ">CMCSA</a>), Vitaminwater, Dove, Nintendo, <strong>AT&amp;T Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/t#NYSE">T</a>), Monster speakers, Taco Bell, Icy Hot, <strong>Macy&rsquo;s Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/m#NYSE">M</a>), Nestle, Oreos, <strong>American Express Company</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/axp#NYSE">AXP</a>), <strong>PepsiCo, Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pep#NASDAQ">PEP</a>), Burger King, Buick, Gold Bond, NBA 2k, Arizona beverages, Radio Shack, Capelli slippers, Spalding, Drone watches, Toys R Us, iGO Headphones, Susta sugar substitute and a sleep apnea mask.</p> <p>And that&rsquo;s just a partial list.</p> <p>Shaquille O&rsquo;Neal is also the CFO &mdash; &ldquo;Chief Fun Officer&rdquo; &mdash; of <strong>Carnival Corp</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ccl#NYSE">CCL</a>), a <strong>Papa John&rsquo;s Int&rsquo;l, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pzza#NASDAQ">PZZA</a>) board member, and an advocate for the Boys &amp; Girls Club of America.</p> <p>&ldquo;It&rsquo;s just being in the right place at the right time, and different opportunities come in,&rdquo; Shaq <a href="https://www.wsj.com/video/shaquille-oneal-discusses-investing-franchising-and-donuts/8063A172-ABFF-496B-8700-4D51A6234054.html">told The Wall Street Journal</a> about his unique r&eacute;sum&eacute;.</p> <p><a href="https://www.benzinga.com/general/entrepreneurship/20/01/15190176/inspire-the-next-generation-a-look-at-kobe-bryants-career-as-a-venture-capitalist"><em>&#39;Inspire The Next Generation&#39;: A Look At Kobe Bryant&#39;s Career As A Venture Capitalist</em></a></p> <h3><strong>The Shaq Empire</strong></h3> <p>Over Shaq&rsquo;s storied career, he amassed 28,596 points, $292 million, four NBA championships, and a fan base in six different teams.</p> <p>And when he wasn&rsquo;t marketing for other businesses, he was running his own. Currently, Shaq has 150 car washes, 40 24-Hour Fitness centers, 17 Auntie Anne&#39;s ...</p><p><a href=https://www.benzinga.com/general/education/20/02/15376483/how-shaquille-oneal-negotiates-picks-his-portfolio alt=How Shaquille O&#039;Neal Negotiates, Picks His Portfolio>Full story available on Benzinga.com</a></p> AXP CCL CMCSA GOOG JCP M NBA PEP PZZA SBUX Shaquille O'Neal T Entrepreneurship Movers & Shakers Sports Top Stories Success Stories General CMCSA US20030N1019 GOOG US38259P7069 PZZA US6988131024 SBUX US8552441094 AXP US0258161092 CCL PA1436583006 JCP US7081601061 M US55616P1049 PEP US7134481081 T US00206R1023 Entrepreneurship Movers & Shakers Sports Top Stories Success Stories General Benzinga Thu, 20 Feb 2020 18:00:07 +0000 Elizabeth Balboa 15376483 at https://www.benzinga.com Analysts In Wait-And-See Mode On Groupon After Business Shift, Weak Q4 Earnings https://www.benzinga.com/analyst-ratings/analyst-color/20/02/15375754/analysts-in-wait-and-see-mode-on-groupon-after-business-shift-weak-q4-earnings <p>After a disappointing fourth quarter and a decision by <strong>Groupon Inc </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grpn#NASDAQ">GRPN</a>) to give up on its &quot;Groupon Goods&quot; online merchandise sales business, sell-side analysts dropped price expectations on the stock and issued reminders about ongoing headwinds for the Chicago-based marketplace company.</p> <p>Groupon <a href="https://www.benzinga.com/news/earnings/20/02/15358979/groupon-plunges-on-q4-miss-exit-from-goods-focus-on-experiences-proposed-reverse-stock-split">said Tuesday it will stop selling merchandise </a>by the end of the year and focus instead on connecting customers with deals on local &quot;experiences&quot; such as dining and entertainment.</p> <p>The company said focusing on its &quot;rapidly growing&quot; local experiences marketplace will allow it to return to growth quickly, but the move couldn&#39;t keep the stock from falling to an all-time low Wednesday or stave off <a href="https://www.benzinga.com/news/earnings/20/02/15371838/groupon-investigated-by-law-firms-as-shares-plummet-44-after-q4-earnings">a law firm&#39;s plans to consider an investor lawsuit </a>against the company.</p> <h3>The Groupon Analysts</h3> <p>Credit Suisse analyst <a href="https://www.tipranks.com/analysts/stephen-ju">Stephen Ju</a> lowered the Groupon target price from $4 to $2 and maintained ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/20/02/15375754/analysts-in-wait-and-see-mode-on-groupon-after-business-shift-weak-q4-earnings alt=Analysts In Wait-And-See Mode On Groupon After Business Shift, Weak Q4 Earnings>Full story available on Benzinga.com</a></p> Analyst Color Credit Suisse e-commerce Earnings GRPN News Stephen Ju Wedbush Ygal Arounian Price Target Legal Top Stories Analyst Ratings GRPN News Analyst Color Earnings Price Target Legal Top Stories Analyst Ratings Benzinga Thu, 20 Feb 2020 16:25:07 +0000 Dave Royse 15375754 at https://www.benzinga.com 3 Reasons S&P 500 Record Highs Could Keep On Coming https://www.benzinga.com/analyst-ratings/analyst-color/20/02/15374972/3-reasons-s-p-500-record-highs-could-keep-on-coming <p>After a huge year in 2019, the <strong>SPDR S&amp;P 500 ETF Trust</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spy#NYSE">SPY</a>) is already up another 4.8% so far in 2020 in less than two months. Years of record highs have pushed the market&rsquo;s valuation in line with previous market tops.</p> <p>Tom Essaye, founder of Sevens Report Research, said Wednesday there are at least three reasons why stock prices could keep headed higher in the near term.</p> <h3>Factors Propelling Stocks</h3> <p>The first reason the market could keep rising is because the Federal Reserve remains dovish. Despite the fact that the U.S. economy is booming the effective fed funds rate is only 1.55%, much closer to 0% than its previous market cycle peak of 5.26% back in 2007.</p> <p>The second reason stocks could keep rising is that so far, ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/20/02/15374972/3-reasons-s-p-500-record-highs-could-keep-on-coming alt=3 Reasons S&amp;P 500 Record Highs Could Keep On Coming>Full story available on Benzinga.com</a></p> Analyst Color coronavirus Donald Trump Sevens Report Research SPX SPY Tom Essaye Broad U.S. Equity ETFs Futures Top Stories Markets Analyst Ratings ETFs SPY US78462F1030 SPX Analyst Color Broad U.S. Equity ETFs Futures Top Stories Markets Analyst Ratings ETFs Benzinga Thu, 20 Feb 2020 15:00:05 +0000 Wayne Duggan 15374972 at https://www.benzinga.com China Stimulus Doesn't Translate Into US Strength As Deere Prepares To Report Friday https://www.benzinga.com/news/earnings/20/02/15375150/china-stimulus-doesnt-translate-into-us-strength-as-deere-prepares-to-report-friday <p>Today&rsquo;s question is what can the market do to follow up another record-high close. With catalysts kind of thin, it might be hard to keep the spark in this rally, at least for the moment. Futures had a weaker tone before the opening bell despite positive news about China cutting its primary loan rate.</p> <p>The China stimulus didn&rsquo;t seem to have much impact outside of China, where stocks rose nearly 2%. European markets fell, U.S. Treasury yields dropped, and the dollar continued to roll up gains vs. the euro as investors apparently still sought potential safety of dollar-denominated assets. On the plus side, crude has really turned things around this week, with front-month crude futures (/CL) starting the day around $54 a barrel.</p> <p>We&rsquo;re approaching the end of another week, so even though this may sound like a broken record, investors might want to stay on their toes today and tomorrow for some potential profit-taking pressure ahead of the weekend. It didn&rsquo;t really turn into a factor last Friday, and&nbsp;volatility&nbsp;was on the decline yesterday, but being extra careful isn&rsquo;t a bad thing.</p> <p>Today doesn&rsquo;t stand out as far as data, but existing home sales for January come out early tomorrow and could bear watching. They&rsquo;re expected to come in at a seasonally-adjusted 5.42 million, according to Briefing.com, and follow Wednesday&rsquo;s 21.4% year-over-year increase in January housing starts&mdash;a 13-year high. The big story with existing homes has been falling inventories and rising prices.</p> <p>Yesterday&rsquo;s monthly producer prices data caused a little static with the headline number rising more than analysts had expected. As Briefing.com pointed out, however, the 2.1% year-over-year growth is pretty tame. Also, a single month is never a trend, so let&rsquo;s stay tuned for next month&rsquo;s data.</p> <p>The dollar index is knocking on the door of 100 as people keep flocking toward supposedly &ldquo;safer&rdquo; assets, though no investment is truly safe. A rising dollar can hurt multinational U.S. companies, but Information Technology and Energy&mdash;two areas where some companies have a lot of international exposure&mdash;led all sectors on Wednesday.</p> <h3>What Next For Tesla, Walmart Shares After Turbulent Wednesday?</h3> <p><strong>Tesla Inc&nbsp;</strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) also stayed hot yesterday, but as you&rsquo;ve probably read, this is a ride where you&rsquo;ll want to make sure you meet the height requirements. There&rsquo;s a lot of volatility and no guarantee things won&rsquo;t take a sharp turn south at some point. It&rsquo;s hard to be sure if this one is paying much attention to fundamentals now as shares navigate what continues to look like<a href="https://tickertape.tdameritrade.com/market-news/short-squeeze-tesla-stock-17936">&nbsp;a short squeeze</a>.</p> <p>At the same time,&nbsp;<strong>Walmart Inc</strong>&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wmt#NYSE">WMT</a>) gave back most of Tuesday&rsquo;s post-earnings gains on Wednesday after an analyst said that the company&rsquo;s customer data collecting could raise privacy concerns. It wasn&rsquo;t a huge drop, but we&rsquo;ve all seen this sort of privacy focus get more attention over the last few years, and it&rsquo;s a legitimate concern not just for WMT but for the retail sector in general. These are issues we&rsquo;ll probably have to look at more and more going forward.&nbsp;</p> <p>On the plus side for WMT, it does seem to be weathering the coronavirus better than some other major retailers. WMT hasn&rsquo;t closed a single store in China, compared with&nbsp;<strong>Nike Inc</strong>&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nke#NYSE">NKE</a>) and&nbsp;<strong>Ralph Lauren Corp</strong>&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rl#NYSE">RL</a>) temporarily closing some stores. WMT&#39;s ability to stay open is important to keep in mind, because that might give it an advantage.</p> <p>In other corporate news,&nbsp;<strong>Deere &amp; Company</strong>&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/de#NYSE">DE</a>) reports tomorrow morning. This company is often seen as a good barometer of the farm economy and also of international trade and the dollar. It might be interesting to ...</p><p><a href=https://www.benzinga.com/news/earnings/20/02/15375150/china-stimulus-doesnt-translate-into-us-strength-as-deere-prepares-to-report-friday alt=China Stimulus Doesn&#039;t Translate Into US Strength As Deere Prepares To Report Friday>Full story available on Benzinga.com</a></p> AAPL BABA China DE Deere Earnings News NKE NVDA RL TD Ameritrade TSLA WMT Emerging Markets Commodities Global Top Stories Economics Markets Tech General AAPL US0378331005 NVDA US67066G1040 DE US2441991054 NKE US6541061031 RL US7512121010 WMT US9311421039 TSLA US88160R1014 BABA News Earnings Emerging Markets Commodities Global Top Stories Economics Markets Tech General Benzinga Thu, 20 Feb 2020 14:39:33 +0000 JJ Kinahan 15375150 at https://www.benzinga.com 8 Retail Stocks To Put In Your Cart https://www.benzinga.com/analyst-ratings/analyst-color/20/02/15366521/8-retail-stocks-to-put-in-your-cart <p>The retail sector has been a minefield for investors in the past several years as traditional brick-and-mortar companies attempt to fend off online competition from <strong>Amazon.com, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) and others. In fact, the <strong>SPDR S&amp;P Retail</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xrt#NYSE">XRT</a>) is down 8% overall in the past five years.</p> <p>But while some retail stocks may be in terminal decline, weakness in others may end up being a huge long-term buying opportunity. Others have actually outperformed in the past couple of years and may continue to do so in the future. Here are eight retail stocks to buy, according to Bank of America.</p> <h2>Amazon</h2> <p>If you&rsquo;re looking for a place to start buying within the retail sector, it&rsquo;s a no-brainer to start with the company that is primarily responsible for all the disruption. In addition to its growing e-commerce business, Amazon&rsquo;s high-margin cloud services business and early-stage advertising businesses are growing at a rapid pace.</p> <p>Analyst <a href="https://www.tipranks.com/analysts/justin-post">Justin Post</a> recently said Amazon is well-positioned to exceed consensus estimates in 2020 once the company starts realizing investment returns on its heavy spending on one-day shipping and AWS.</p> <p>Bank of America has a Buy rating and $2,480 price target for AMZN stock.</p> <h2>Lowe&#39;s Companies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/low#NYSE">LOW</a>)</h2> <p>One of the subsectors of the retail sector where Amazon has struggled to gain significant traction is home improvement. However, after years of underperforming its top rival <strong>Home Depot Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hd#NYSE">HD</a>), analyst <a href="https://www.tipranks.com/analysts/elizabeth-lane-suzuki">Elizabeth Suzuki</a> recently said Lowe&rsquo;s is now one of the top transformation stock candidates within the entire retail group. A management refresh, a refocusing of its business and a clear, long-term financial strategy have created a runway for outperformance, Suzuki said. If Lowe&rsquo;s starts to consistently outperform Home Depot&rsquo;s numbers, the stock could close a valuation gap over time.</p> <p>Bank of America has a Buy rating and $140 price ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/20/02/15366521/8-retail-stocks-to-put-in-your-cart alt=8 Retail Stocks To Put In Your Cart>Full story available on Benzinga.com</a></p> AMZN Analyst Color AZO Bank of America DG Elizabeth Suzuki HD Justin Post Long Ideas Lorraine Hutchinson LOW ORLY Robert Ohmes ROST TGT TJX XRT Price Target Top Stories Analyst Ratings Trading Ideas XRT US78464A7147 AMZN US0231351067 ORLY US67103H1077 ROST US7782961038 AZO US0533321024 HD US4370761029 LOW US5486611073 TGT US87612E1064 TJX US8725401090 DG US2566771059 Long Ideas Analyst Color Price Target Top Stories Analyst Ratings Trading Ideas Benzinga Thu, 20 Feb 2020 14:01:09 +0000 Wayne Duggan 15366521 at https://www.benzinga.com Morgan Stanley To Buy E*Trade For $13B https://www.benzinga.com/m-a/20/02/15373412/morgan-stanley-to-buy-e-trade-for-13b <p><strong>Morgan Stanley</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ms#NYSE">MS</a>) is buying <strong>E*Trade Financial Corp.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/etfc#NASDAQ">ETFC</a>) in an all-stock $13 billion deal with the aim to reshape the investment bank.</p> <p><a href="https://www.benzinga.com/money/etrade-review/">E*Trade</a> will bring 5 million retail customers and $360 billion in assets and an online bank with cheap deposits that Morgan Stanley can funnel into loans, Morgan Stanley CEO James Gorman in an <a href="https://www.wsj.com/articles/morgan-stanley-is-buying-e-trade-betting-on-littler-customers-11582201440">interview with ...</a></p><p><a href=https://www.benzinga.com/m-a/20/02/15373412/morgan-stanley-to-buy-e-trade-for-13b alt=Morgan Stanley To Buy E*Trade For $13B>Full story available on Benzinga.com</a></p> ETFC Fidelity James Gorman M&A Mike Pizzi MS News SCHW Top Stories ETFC US2692464017 SCHW US8085131055 MS US6174464486 News M&A Top Stories Benzinga Thu, 20 Feb 2020 12:59:05 +0000 Tanzeel Akhtar 15373412 at https://www.benzinga.com