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CNBC BusinessJul 01, 2020
Jim Cramer deciphers the speculative and blue-chip stocks driving the market
"The whole market's being upended by the pandemic and the lines they are shifting," the "Mad Money" host said.

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MarketWatch MarketPulseJul 01, 2020
Nu Skin stock rallies 11% after company's better Q2 sales outlook
Shares of Nu Skin Enterprises Inc. jumped more than 11% in the extended session Wednesday after the maker of supplements and personal care products estimated that its second-quarter sales will be between $603 million and $608 million, above its previous forecast. That is due to "strong global customer growth with particular strength in the Americas and Europe," with online sales accounting for 80% of volume, Nu Skin said. The company had called for second-quarter sales between $520 million and $550 million previously. Nu Skin said it would report results and provide a full-year outlook on Aug. 5 after the bell. Analysts polled by FactSet expect Nu Skin to report adjusted earnings of 49 cents a share on sales of $541 million.

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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MarketWatch MarketPulseJul 01, 2020
FedEx delivers its best day since 1986, and transportation ETFs rally
Exchange-traded funds with heavy exposure to delivery giants jumped Wednesday after FedEx reported better-than-expected earnings, sending the stock up more than 13% and on track for its best day since 1986. Shares of United Parcel Service, Inc. were 4.1% higher midday as well. The iShares Transportation Average ETF , with nearly 17% of its portfolio in the two names, was nearly 0.4% higher, beating the 0.2% gain for the Dow Jones Industrial Average . The Direxion Daily Transportation Bull 3x ETF, a leveraged product with more than 11% of its holdings in the two companies, was up 1.5%. A pure-play transportation fund, the SPDR S&P Transportation ETF, fell, despite having more than 5% of its holdings in those two companies, while the American Customer Satisfaction ETF , with just 4.5%, was up 1.3%. In the year to date, shares of the iShares transportation ETF and the SPDR fund have both lost roughly 17%.

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.



The Motley FoolJul 01, 2020
Why Tupperware Jumped 17.5% Today
The consumer storage specialist was one of the best-performing stocks on the market.

MarketWatch MarketPulseJul 01, 2020
Lemonade prices IPO at $29 a share, higher than raised range
Lemonade Inc. , a mobile-based insurance start-up that seeks to court millennials, priced its initial public offering above the expected range Wednesday. After the close Wednesday, Lemonade priced 11 million shares at $29 apiece, above the already increased range of $26 to $28 from earlier in the day. Underwriters have another 1.7 million shares to cover overallotments over the next 30 days. The stock is expected to begin trading under the ticker "LMND" on the New York Stock Exchange on Thursday. The IPO price values the company at $1.64 billion should all options be exercised, just shy of the $1.7 billion valuation calculated from a $300 million investment led by SoftBank Group Corp. in April 2019.

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 01, 2020
ViacomCBS taps Amazon executive for CFO post
ViacomCBS Inc. announced Wednesday that it has appointed Naveen Chopra to take on the position of chief financial officer beginning Aug. 10. He will succeed Christina Spade, who is moving to an advisory role within the company. Chopra comes from Amazon.com Inc. , where he's worked as the CFO for the company's devices and services business. He previously worked as the CFO of Pandora for two years and briefly was the streaming music company's interim chief executive officer. Before that, he spent four years at TiVo, where he also served as CFO with another stint as interim CEO. ViacomCBS Chief Executive Bob Bakish said in a release that Chopra's "experience scaling and driving the financial strategies for growth businesses - including free ad-supported and subscription streaming, as well as with digital devices and services - will be instrumental as we continue to unlock the value of our assets." Viacom and CBS completed their merger late last year. Viacom shares have rallied 82% over the past three months as the S&P 500 has risen 25%.

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 01, 2020
CEOs of Alphabet, Amazon, Apple and Facebook to testify before Congress in late July: report
The chief executives of Google parent Alphabet Inc. , Amazon.com Inc. , Apple Inc. , and Facebook Inc. have agreed to testify before Congress on antitrust issues in late July, Rep. David Cicilline, D-R.I., chairman of the House Judiciary Antitrust Subcommittee, told tech journalist Kara Swisher late Wednesday. The office of Rep. Jerry Nadler, D-N.Y., confirmed the hearing with NBC News. Cicilline's office was not immediately available for comment. Amazon has previously said it would make CEO Jeff Bezos available to testify this summer. Facebook declined comment. Alphabet and Apple were not immediately available for comment. The four companies are the subject of investigations by the Department of Justice and Federal Trade Commission into their business practices and the substantial clout they wield over the tech industry and the economy.

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 BusinessJul 01, 2020
MARKETS: NASDAQ closes at record high, up 95 points — YF Premium is bullish on Micron Technologies (MU)
Yahoo Finance's Jared Blikre joins Seana Smith to break down the day's price action in stocks as well as a long in Micron Technologies (MU), a Yahoo Finance Premium Investment Idea.

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