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MarketWatchMar 30, 2020
NewsWatch: Ready to buy back into this market? If so, forget about Apple and grab these stocks instead, strategist says
Boris Schlossberg of BK Asset Management says there are MUCH better choices than Apple in this climate.

MarketWatch MarketPulseMar 30, 2020
Kohl's furloughs workers amid extended store closures, draws down full $1 billion revolving credit facility
Kohl's Corp. said Monday that it will extend store closures until further notice and, as a result, will furlough many store associates, distribution center workers and corporate staff whose duties are tied to store operations. Kohl's still offers e-commerce ordering and, starting April 2, in-store pickup between the hours of 11 a.m. and 7 p.m. local time will be available. Furloughed staff will continue to receive existing health benefits. Chief Executive Michelle Gass will forego her salary. Macy's Inc. announced that it would furlough most of its 130,000 workforce on Monday. Kohl's has drawn down its entire $1 billion revolving credit facility, is slashing its capital expenditures by $500 million, is suspending share buybacks and taking a look at the dividend program, and is cutting expenses across marketing, technology and other areas of the business. Kohl's stock sank 6.4% on Monday and has fallen 76% over the last year. The S&P 500 index is down 8% for the past 12 months. Read: Macy's, Kohl's have about 5 months of cash available putting them at risk from extended store closures, analysts say

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