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MarketWatchAug 04, 2020
Market Snapshot: Nasdaq logs 30th record of 2020 and S&P 500 ends above 3,300 in choppy session, as large-cap tech stocks take a breather
U.S. stocks end a bumpy trading session on a high note Tuesday, with another record for the Nasdaq Composite, even as technology-related names took a backseat to outperformance in beaten-down sectors energy, real estate and consumer staples.

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WW stock falls more than 7% after company's Q2 earnings miss (MarketWatch MarketPulse)

MarketWatch MarketPulseAug 04, 2020
Disney to release 'Mulan' on Disney , launch new streaming offering
Walt Disney Co. plans to sell access to its long delayed "Mulan" live-action movie through Disney for $29.99, a new approach to that streaming service, and will launch a new international streaming offering under the Star brand. After the stock languished in after-hours trading following the release of third-quarter earnings, shares jumped to gains of nearly 5% after the twin announcements. Chief Executive Bob Chapek announced the new approaches in a conference call Tuesday afternoon related to Disney's fiscal third-quarter earnings report, which showed a loss of nearly $5 billion due to the COVID-19 pandemic. Disney has been used as a subscription service that consumers pay for monthly, but Disney plans to offer a pay-per-view version of "Mulan" through the service as of Sept. 4 in most territories that have access to Disney . Disney will charge $29.99 to view the movie in the U.S., but that price could vary slightly in other countries, and Disney will launch the movie in theaters where they are open, Chapek said. Chapek also said Disney will launch a new streaming service under the Star brand after the success of Disney , which has surpassed 60 million subscribers. "Mirroring the strategy we successfully pursued with Disney , the offering will be rooted in content we own from the prolific and critically acclaimed production engines and libraries of ABC Studios, Fox television, FX, freeform, 20th Century studios and Searchlight," Chapek said. "In many markets, the offering will be fully integrated into our established Disney platform from both a marketing and a technology perspective and it will be distributed under the Star brand which has been successfully utilized by the company for other general entertainment platform launches, particularly with Disney Hotstar in India."

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 MarketPulseAug 04, 2020
Stocks close higher as stimulus talks continue, with Nasdaq notching new high
Stocks closed modestly higher after a choppy trading session Tuesday, with investors keeping one eye on stimulus talks in Washington and another on mixed corporate earnings. The Dow Jones Industrial Average gained about 166 points to close 0.6% higher, near 26,830, while the S&P 500 closed at 3,307, according to preliminary estimates, up 12 points or 0.4%. The tech-heavy Nasdaq started off the day strong, slipped into the red, and rebounded late in the session to close 0.4%, 38 points, higher, near 10,941, another record close. Shares of Abiomed Inc. lost ground even after the company said its Impella heart pump had received an emergency use authorization from the FDA for use as a treatment for some COVID-19 patients. On Capitol Hill, a stimulus deal for the coronavirus-battered economy did not appear imminent.

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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Metals Stocks: Gold ends above $2,000 for the first time in history as U.S. dollar and bond yields recede (MarketWatch)

MarketWatch MarketPulseAug 04, 2020
Apple's longtime marketing chief Schiller is stepping down
Apple Inc.'s marketing chief, Phil Schiller, a mainstay at the company for more than three decades, is stepping down, the company announced on Tuesday. Schiller, 60, who will serve as an "Apple Fellow" running the App Store and company events, will be replaced by Greg "Joz" Joswiak. Schiller is the fourth Apple executive to leave in the last 18 months, joining former head of design Jony Ive, ex-PR boss Steve Dowling, and former retail head Angela Ahrendts. "I'll keep working here as long as they will have me, I bleed six colors, but I also want to make some time in the years ahead for my family, friends, and a few personal projects I care deeply about," Schiller said in a statement.

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 MarketPulseAug 04, 2020
Google-Fitbit deal gets an 'in-depth investigation' from European Commission over competitive concerns
The European Commission said Tuesday that it has opened an in-depth investigation into Alphabet Inc.'s proposed acquisition of Fitbit. "The Commission is concerned that the proposed transaction would further entrench Google's market position in the online advertising markets by increasing the already vast amount of data that Google could use for personalisation of the ads it serves and displays," the European Commission said in a release. Executive Vice-President Margrethe Vestager commented in the release that Google's acquisition of Fitbit could give the ad giant "key insights about the life and the health situation of the users of these devices," so this investigation "aims to ensure that control by Google over data collected through wearable devices as a result of the transaction does not distort competition." A Reuters report from mid-July said that Google had offered not to use Fitbit health data for the purposes of ad targeting given European Commission concerns. The commission has 90 working days, or until Dec. 9, to reach a decision. Fitbit shares are down 0.4% in Tuesday trading, while Alphabet shares are up 0.3%. Fitbit shares have lost 1.8% so far this year as Alphabet's stock has gained 11% and as the S&P 500 has risen 2%.

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.



CNBC FinanceAug 04, 2020
Dow closes higher for a third day, up 160 points, as coronavirus relief talks continue
Stocks rose across the board on Tuesday, building on the previous session's strong gains, as lawmakers tried to ink a virus relief deal.

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Stocks close near their highs of the day, with the Dow gaining 165 points (MarketWatch Breaking News)

MarketWatch MarketPulseAug 04, 2020
SEC launches investigation of trading in Kodak shares before and after $765 million loan disclosure: WSJ
The Securities and Exchange Commission has launched an investigation of the trading in shares of Eastman Kodak Co. before and after the news last week of a $765 million government loan to help it make drugs at its U.S. factories, the Wall Street Journal reported Tuesday, citing people familiar with the matter. The loan news caused Kodak's shares to climb to as high as $60, before falling back to $15 on Monday, in massive trading volume. The stock had already moved 25% the day before the news was officially disclosed. Executives with stock options, including some awarded the day before the loan became public, were sitting on big paper gains. Kodak shares were down 1.3% Tuesday, but are up 215% in the year to date, while the S&P 500 has gained 2%.

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.



KiplingerAug 04, 2020
10 Best Stocks to Buy If Joe Biden Wins the Presidency
It's still early, and a lot can happen between now and November. But over the past few months, former Vice President Joe Biden's chances of becoming the next president of the United States have vastly improved.

As of late July, the betting markets were pricing in a 60% probability of the election going his way, and most polls show Biden ahead in the key swing states that will decide it.

Polls won't always nail it perfectly, as we saw four years ago when Hillary Clinton won the popular vote, but Donald Trump won the electoral college vote. And the COVID-10 pandemic gives us an entirely new set of variables. If voter turnout is low due to virus fears, it's anyone's guess to what the final tally will look like. But it's important to have an investing action plan in place for either scenario: a Trump re-election … or a potential Biden win.

"A Biden administration will mean more regulatory scrutiny for financial and energy stocks and probably higher taxes across the board," says Rodney Johnson, president of economic research firm HS Dent Publishing. "But there will be opportunities. Infrastructure spending, green energy and health care are all Democratic priorities and should do well under a Biden presidency."

Let's look at 10 of the best stocks to buy for a Joe Biden presidential victory. Some of these are fairly obvious winners, but some are contrarian bets you might not expect. Or, you can also learn more about the best stocks to buy if President Donald Trump wins re-election.

SEE MORE 91 Top Dividend Stocks From Around the World Data is as of Aug. 3. Dividend yields are cal


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3 "Strong Buy" Penny Stocks That Could Go Boom (Yahoo Business)

MarketWatch MarketPulseAug 04, 2020
Gold ends Tuesday trade at record high well above $2,000 milestone
Gold futures powered higher Tuesday, gathering momentum late in the session to finish at a fresh record as government bond yields headed lower and as the U.S. dollar's recent rebound receded somewhat, allowing the precious metal to make an assault on a record close above the $2,000 threshold. December gold gained $34.70, or 1.7%, to reach $2,021 an ounce. The moves came as a recent rise in the dollar abated, as gauged by the ICE U.S. Dollar Index , a gauge of the greenback against a half-dozen major currencies. The rally for the dollar also came as the 10-year Treasury note yield continued to sink lower, reflecting appetite for haven assets, despite a record climb for equity benchmarks like the technology-heavy Nasdaq Composite Index . The 10-year Treasury note was recently yielding 0.52%. Lower yields can make gold, which doesn't offer a coupon, comparatively more attractive as a safety play. A weakening dollar, meanwhile, makes dollar-priced assets more appealing to overseas buyers. The sustained rally in gold has come as governments across the world have flooded their economies with financial aid to combat the COVID-19 pandemic. . And investors are betting that the uptrend for the yellow metal continues as the dollar weakens and interest rates remain around 0% in many parts of the world.

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.



Yahoo BusinessAug 04, 2020
Stocks on the move: Facebook to lease new building in New York, BP posts $17B loss
Yahoo Finance's Adam Shapiro breaks down the stocks to watch Tuesday.


MarketWatch MarketPulseAug 04, 2020
Twilio shares fall sharply despite beating Wall Street earnings expectations
Twilio shares fell further in the extended session Tuesday after the company reported higher revenue and an unexpected adjusted profit. Twilio shares declined 6% in after-hours trading, after falling to $283.76, a 0.9% drop, in the regular session. The maker of cloud enterprise communications software reported a second-quarter loss of $99.9 million, or 71 cents a share, compared with $92 million, or 72 cents a share, in the year-ago period. But adjusted earnings were 9 cents a share, adjusted for stock-based compensation and amortization of acquired intangibles. Jeff Lawson, Twilio's co-founder and CEO, said in a statement, "We are just scratching the surface of this huge opportunity" as the importance of communications is highlighted by the pandemic. Revenue rose to $400.8 million from $275 million in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of 9 cents a share on revenue of $368 million. Twilio shares are up 189% this year, with a 150% surge coming in the past three months.

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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Upwork stock falls despite continued shift to remote work (MarketWatch MarketPulse)
Need to Know: Here's what history says happens to U.S. stocks in a close election race and in a predictable one (MarketWatch)
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