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MarketWatch MarketPulseFeb 19, 2020
Walmart predicts financial impact in Q1, potentially Q2, from coronavirus
Walmart Inc. on Tuesday told investors that it anticipates a financial impact in the first quarter and potentially the second quarter to its China business as a result of COVID-19, the novel coronavirus that has sickened more than 75,000 people worldwide. "Due to the current sales mix slanted heavily toward food and consumables, as well as some increased expenses related to the outbreak, we could see a couple of cents negative impact in Q1," Walmart CFO Brett Biggs said, according to a FactSet transcript of the earnings call. The outbreak, which has largely shut down parts of China, negatively impacting retailers, restaurants and the supply chain, hasn't had a major impact on Walmart's sourcing operations in China, however. Many retailers have had to close some of their stores in China; however, Walmart said all of its stores are open, although the majority of the Walmart stores there have restricted hours and some restricted options. The company did not include an impact from the virus outbreak in its guidance. Walmart's stock has gained 17% over the past year, compared with the S&P 500 , which is up 21%.

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.



MarketWatchFeb 19, 2020
Market Snapshot: Dow futures rise as China pledges to stimulate coronavirus-hit businesses
U.S. stock benchmarks on Wednesday indicate a modestly higher start a day after the Nasdaq Composite eked out a record close, with investors taking some optimism from measures China says it has taken to help coronavirus-stricken businesses.

Reuters Company NewsFeb 19, 2020
US STOCKS-Futures rise on China stimulus hopes, signs of slowing virus spread
U.S. stock index futures advanced on Wednesday as signs of slowing coronavirus infections and expectations that China would take more steps to bolster its virus-hit economy helped investors return to equities after Apple's sales warning.

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CANADA STOCKS-TSX futures edge up as oil prices gain on slowing virus spread (Reuters Company News)

MarketWatch MarketPulseFeb 19, 2020
COVID-19 case tally: more than 75,000 cases, 2,009 deaths
There are 75,203 confirmed cases of COVID-19, the coronavirus first identified in December in Wuhan, China, and 2,009 deaths, according to the most recent figures from the World Health Organization. The vast majority of cases and deaths are in China. Singapore has 81 cases, while Japan has reported 73 cases and one death. In the U.S., there are 15 cases. The largest cluster of cases outside of China is the Diamond Princess cruise ship, currently docked in Yokohama, China, which has 542 cases. There are 100 U.S. citizens on the ship or in Japanese hospitals. The Centers for Disease Control and Prevention (CDC) said Tuesday that they must now undergo a 14-day quarantine after leaving the Diamond Princess and before they can return to the U.S. "Because of their high-risk exposure, there may be additional confirmed cases of COVID-19 among the remaining passengers on board the Diamond Princess," the CDC 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.



Yahoo BusinessFeb 18, 2020
SpaceX: Starlink IPO Should See Hope Trump Economics
As coronavirus fears run rampant throughout the world, investors are turning to Wall Street titans for guidance, namely Ray Dalio. Founding hedge fund Bridgewater Associates in 1975, the firm now boasts $160 billion worth of assets under management, with Dalio alone estimated to be worth $18.7 billion.Dalio, who has looked at the impact of past pandemics and virus outbreaks on the market, called the current reaction to the coronavirus overblown, noting that the concerns "probably had a bit of an exaggerated effect on the pricing of assets because of the temporary nature of that..." He added, "It most likely will be something that in another year or two will be well beyond what everyone will be talking about."While the billionaire does acknowledge that it's difficult to gauge what the full extent of the virus will be, he argues that diversifying across currencies, asset classes and geographical regions could prove to be the best strategy. Additionally, Dalio believes investors should pay attention to issues related to wealth and political gaps, the emergence of China, technology and the environment that could emerge from the public health crisis."What concerns me most if you did have a downturn -- we are now 11 years in expansion -- whether that's one, two, three years forward, with the larger polarity that exists, the wealth gap and the political gap," Dalio commented.Looking into Bridgewater's basket of stocks, we've chosen three of the fund's new holdings that TipRanks' Stock Screener reveals as "s
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