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Yahoo BusinessJul 10, 2020
3 "Strong Buy" Penny Stocks That Could See Outsized Gains
The market's roller coaster week has some investor spooked, wondering if the recent bullish streak will hold. They can take heart from JPMorgan strategist Marko Kolanovic, who believes that the bull spirit isn't gone, and that the S&P 500 will break out of the 250-point range it has been stuck in since early June. He doesn't say that the massive gains of April and May will return, but Kolanovic does believe that the index will regain the all-time record levels it saw in mid-February.Kolanovic notes that equities are cheap for now, when compared to bonds, after the effects of the economic stimulus policies. He also points out that the risks - of a second corona wave, or a Joe Biden victory in November - are likely overstated, and that as hedge managers realize this, they will shift funds into the stock market. If the optimists are right, and markets are heading to record highs, then now is the time to prepare your portfolio.And this brings us to penny stocks, those low-cost equities priced below $5 per share - are a high-stakes opportunity with upsides that frequently approach several hundred percent and a low enough cost of entry to mitigate the attendant risk. These companies are priced low for a reason, but for those that break out, the rewards are tremendous.With this in mind, we've used the TipRanks database to pinpoint three penny stocks poised for sky-high gains. To minimize the risks, all three combine high ratings from Wall Street's analysts, and a growth potential of 90% or higher.Pixelworks (PXLW)We'll start wi

MarketWatchJul 10, 2020
Market Snapshot: Dow rises at end of the week as investors take stock of coronavirus recovery
U.S. stocks trade mostly higher Friday.

The Motley FoolJul 10, 2020
Stock Markets Open Mixed Friday as Netflix Gets Upgraded, Gilead Reports Positive Coronavirus Treatment Results
Major market benchmarks moved in different directions Friday morning.

MarketWatch MarketPulseJul 10, 2020
Wingstop downgraded as capital for expansion becomes scarce
Wingstop Inc. was downgraded to neutral from buy at BTIG where analysts are concerned that the chicken chain's ability to expand will be constrained by a lack of funds. Wingstop has benefited from investments in digital and delivery during the coronavirus pandemic, and the company says 80% of its domestic business before the pandemic were off-premise. "We believe investors will now shift their focus to unit development, which could be stifled by access to capital," BTIG analysts led by Peter Saleh said. "We continue to hear that franchisees across quick service are eager to restart development and reimaging projects, but that access to capital is limiting the pace of these investments as bank lending has been diverted to supporting restaurants and small business owners." Analysts also think Wingstop's core customer will be hurt by the end of enhanced unemployment benefits later this month. Wingstop stock has rallied 58.6% for the year to date, compared with a 2.6% decline for the S&P 500 index [s:spx]. The steep increase makes this the right time to "move to the sidelines," BTIG said, though analysts are still confident about the company's long-term potential. Wingstop shares are down 1% in Friday trading.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseJul 10, 2020
Dow and broader stock-market futures turn positive amid upbeat report on Gilead's experimental coronavirus treatment
U.S. stock-index futures turned positive on Friday after a report from Gilead Sciences indicated that its experimental treatment for coronavirus was seeing positive results in reducing deaths. Futures for the Dow Jones Industrial Average were up 0.1% at 25,600, those for the S&P 500 index were trading up 0.1% at 3,144, while Nasdaq-100 futures advanced 0.1% at 10,740. Gilead published a report on Friday saying that its antiviral drug remdesivir showed that it reduced the risk of death for coronavirus patients by 62% compared with standard care alone. The findings are being presented at the Virtual Covid-19 Conference as part of the 23rd International AIDS Conference, the company said.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseJul 10, 2020
American Airlines could cancel some Boeing orders: WSJ
American Airlines Group Inc. is threatening to cancel some orders of the Boeing Co. 737 Max jet due to financing troubles, The Wall Street Journal reports. American Airlines ordered 17 of the planes for delivery this year, but has struggled to secure the money to pay for them. With travel halted for many consumers due to the coronavirus, airlines and other companies in the travel industry have been under pressure. United Airlines Holdings Inc. announced this week that it could furlough 36,000 workers in October due to diminished demand. American Airlines stock stock has plummeted more than 60% for the year to date. Boeing shares are down 46.3%. And the Dow Jones Industrial Average has slumped 9.5% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseJul 10, 2020
Coronavirus tally: Global cases of COVID-19: 12.3 million, 555,324 deaths and 39 U.S. states see rising cases
The global tally for confirmed cases of the coronavirus that causes COVID-19 climbed to 12.3 million on Friday, according to data aggregated by Johns Hopkins University, with the U.S. leading the way by far with 3.12 million cases. The number of deaths grew to 555,324, while the number of people who have recovered reached 6.8 million. The U.S. death toll is 133,291. Within the U.S., infections have climbed in 39 states and regions over the past 14 days, according to a New York Times tracker, with California, Texas and Florida leading the way. Brazil is second to the U.S. with 1.76 million cases and 69,184 deaths. India is third measured by cases at 793,802, followed by Russia with 712,863 and Peru with 316,448. The U.K. has 44,687 fatalities, the highest in Europe and third highest in the world. China, where the illness was first reported late last year, has 84,992 cases and 4,641 fatalities.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseJul 10, 2020
IEA slightly improves oil demand forecast for 2020, but says much hinges on Covid-19
The International Energy Agency (IEA) on Friday predicted slightly improved global oil demand for 2020, but said much hinges on the progression of the pandemic. "The recent increase in Covid-19 cases and the introduction of partial lockdowns introduces more uncertainty to the forecast," the global energy authority said in its July report. The IEA estimates that global oil demand this year will average 92.1 million barrels per day, down by 7.9 million barrels per day versus 2019, a slightly smaller decline than forecast in the last report. "This is mainly because the decline in 2Q20 was less severe than expected," it said. For 2021, demand will be 97.4 mb/d; but due to the improved outlook for 2020 the recovery next year is lower at 5.3 mb/d. Crude prices remained under pressure, with West Texas Intermediate crude down 1.7% to $38.93 a barrel and Brent crude, the international benchmark, off 1.3% to $41.77 a barrel.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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