J&J, Chevron among names with safe dividends for now, Barron's says » 10:0404/0404/04/20
TROW, PG, MDT, KMB, JNJ, HRL, CVX, ABT
Among the 64 S&P 500…
Among the 64 S&P 500 Dividend Aristocrats, the dividends of Abbott Laboratories (ABT), Chevron (CVX), Hormel Foods (HRL), Johnson & Johnson (JNJ), Kimberly-Clark (KMB), Medtronic (MDT), Procter & Gamble (PG), and T. Rowe Price (TROW) look safe for now, thanks in part to relatively low debt loads, Lawrence Strauss writes in this week's editions of Barron's. Reference Link
Week in Review: How Trump's policies moved stocks » 07:2904/0404/04/20
XOM, CVX, NBL, XEC, FANG, RDS.A, RDS.B, DVN, BP, COP, MRO, BAC, WFC, C, JPM, MMM, VMC, EXP, GVA, NUE, PWR, J, MLM, DDAIF, FCAU, F, GM, HMC, NSANY, TSLA, TM, VWAGY
Catch up on the top…
Southwest applies for U.S. grant to cover employee costs, Bloomberg says » 18:3704/0304/03/20
The company is seeking…
The company is seeking talks on aid terms over the next few days and is evaluating all sources of capital, Bloomberg reports.
Berkshire Hathaway sells 12.9M Delta shares, 2.3M Southwest shares » 17:5504/0304/03/20
BRK.A, BRK.B, DAL, LUV
In two regulatory…
In two regulatory filings, Warren Buffett's Berkshire Hathaway (BRK.A) disclosed the sale of 12.9M common shares of Delta Air lines (DAL) and about 2.3M common shares of Southwest (LUV). Berkshire sold the Delta shares at a price range of $22.9646-$25.2729 per share on April 1 and April 2, and the firm sold the Southwest shares at a price range of $31.376-$33.9675 per shrae on April 1 and April 2.
GM requests U.S. tariff relief for ventilator parts, WSJ reports » 17:3504/0304/03/20
General Motors is asking…
General Motors is asking the White House to drop import tariffs on Chinese parts that the car maker requires to make ventilators, claiming that the levies will make it more expensive to manufacture desperately needed machines that can save lives, the Wall Street Journal's Katy Stech Ferek reports. In a letter to the USTR, GM officials asked the Trump administration to grant exclusions for several categories of ventilator parts made in China, Ferek says. The existing tariffs on such parts "could potentially impede the ability of GM and other U.S. manufacturers to source parts for critical care ventilators quickly, reliably, and at as reasonable a cost as possible," the letter says. Reference Link
Fly Intel: Wall Street's top stories for Friday » 16:3004/0304/03/20
MMM, TSLA, BBBY, BAC, JPM, WFC, C, AMZN, WMT, FATE, JNJ, INCY, MIC, AEHR, CHWY
The S&P 500 ended…
Fed unlikely to mandate U.S. big banks suspend dividends, WSJ says » 15:3304/0304/03/20
BAC, C, JPM, USB, WFC, GS, MS
U.S. banks will likely be…
U.S. banks will likely be allowed to maintain paying dividends to their shareholders, according to the Wall Street Journal's Andrew Ackerman and Nick Timiraos, citing people familiar with the matter, despite the possibility of the coronavirus pandemic hurting the lenders. This past week, the European Central Bank and the Bank of England "pressured banks to stop using their capital to make dividend payments to shareholders," the Journal noted. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
Fed unlikely to mandate U.S. big banks suspend dividends, WSJ says » 15:1904/0304/03/20
BAC, C, JPM, USB, WFC, GS, MS
Publicly traded large…
Publicly traded large U.S. banks include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
Cisco's Webex registered 324M users in March, Reuters reports » 14:2404/0304/03/20
CSCO, ZM, MSFT
Cisco's (CSCO) video-conferencing app Webex saw a record 324M attendees last month, with usage more than doubling int he Americas as the COVID-19 outbreak has forced companies to have staff work from home, Reuters' Supantha Mukherjee reports. Webex, along with rival meeting platforms from Zoom (ZM) and Microsoft's (MSFT) Teams, are being used globally to host everything from virtual classrooms and business meetings to church services, the author notes. "Webex grew 2.5 times in Americas, four times in Europe and 3.5 times in Asia Pacific. Our growth is sourced from enterprise expansion, education and telehealth," said Sri Srinivasan, senior vice president and general manager, Cisco Collaboration. Reference Link
Microsoft's Mixer gives all partnered streamers $100, Kotaku reports » 14:1904/0304/03/20
Microsoft's Mixer has given all of its streaming partners $100 amid the coronavirus pandemic, Kotaku's Nathan Grayson reports. Anyone who streams via Mixer can apply to be a partner, and if they clear various viewership and professionalism hurdles, they are given access to new monetization options, early access to new features, and various other perks, Grayson notes. Reference Link