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Yahoo BusinessOct 25, 2020
Cenovus Energy Agrees to Buy Husky Energy in All-Stock Deal
While the novel coronavirus pandemic has upended several sectors, some industries are doing better than others. One such sector is tech. SPDR S&P Software & Services ETF (NYSEARCA:XSW) is up by 41.74% compared to the S&P 500, which is up by just 22.73%. One of the major contributors to this enormous success is Cisco (NASDAQ:CSCO) stock. Source: Valeriya Zankovych / Shutterstock.com Many will remember the company from the dot-com bubble burst in the late 1990s. Cisco stock reached some astronomical numbers during that time. And although it hasn't scaled those heights since, it is one of the most consistent stocks around, up approximately 33% over the last five years. And why not? Cisco has an excellent balance sheet with very little debt. It also boasts excellent operating metrics, juicy dividend yield and is trading at a steep discount to the sector. With so much going for it, it's hard to argue against Cisco stock right now.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Cisco Stock Is a Bargain Although Cisco stock has recovered a bit from the drubbing it received at the height of the pandemic in March, shares are still trading at a 25.79% discount to the 52-week high of $50.28 per share. You can chalk that up to the global economic slowdown brought about by the pandemic. However, not all is doom and gloom. Several companies are in the race to manufacture a commercial Covid-19 vaccine. So, the slowdown should start letting up soon, and hopefully, pent up demand will make up for any lost sales. 7 Airl

Yahoo BusinessOct 25, 2020
Big Tech earnings, Q3 GDP: What to know in the week ahead
This week's marquee earnings and economic data reports will mostly take place later in the week, with the majority of the FAANG stocks reporting after market close on Thursday.


MarketWatch MarketPulseOct 21, 2020
Astrotech's stock skyrockets after JDA with Cleveland Clinic to develop COVID-19 breath test
Shares of Astrotech Corp. skyrocketed 168% in active trading to pace all premarket gainers Wednesday, after the company said its BreathTech Corp. subsidiary has partnered with the Cleveland Clinic to develop a rapid breath test for COVID-19. Trading volume was 11.4 million shares ahead of the open, compared with the full-day average of about 1.4 million shares. The stock is on track to open at the highest price seen during regular-session hours since April, in the aftermath of the company's announcement in March that it was developing a breath test that could screen for lung infections, including the COVID-19 virus. Astrotech said late Tuesday that BreathTech sighed a joint development agreement (JDA) with Cleveland Clinic to explore leveraging the BreathTest-1000 mass spectrometer to rapidly screen for COVID-19. "The advantage of breath testing is that it is non-invasive and non-intrusive," said Dr. Raed Dweik, chairman of Cleveland Clinic's Respiratory Institute. "It does not have a dose limitation like x-rays, an amount limitation like blood or saliva tests, or a timing limitation like PCR, blood and urine tests." Astrotech's stock has lost 6.1% year to date through Tuesday, while the S&P 500 has gained 6.6%.

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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