In this morning’s edition of our daily market newsletter, Get Real, we looked at relief for PG&E, Nike’s bullishness, and Zuckerberg’s sway over China. Plus, the top stocks to watch across markets in 2020.
A sigh of relief for PG&E
Recently, bankrupt utility PG&E (PCG) reached a settlement to resolve individual claims stemming from wildfires in the past few years. With the approved settlement, the company aims to emerge from bankruptcy by the middle of 2020.
T-Mobile and Sprint’s antitrust trial
The trial that will decide the fate of the T-Mobile (TMUS) and Sprint (S) merger started yesterday. A New Street Research analyst thinks that the odds are close between the merger and the states arguing against it.
Zuckerberg’s sway over Chinese cryptocurrency
The People’s Bank of China seems to be promoting competition between banks and telecom giants to pioneer a new digital currency. Facebook (FB) CEO Mark Zuckerberg has hinted at China’s crypto project efforts. How likely is it that Zuckerberg is behind China’s latest push?
Boeing’s chaos continues
Boeing (BA) saw some improvement last week. However, the FAA is seeking a multi-billion dollar fine from the company due to issues with Boeing 737 NG aircraft. Multiple airlines, including Southwest and United, might be impacted by ongoing troubles with Boeing.
Dividend-paying consumer stocks
So far, most consumer stocks have outperformed the broader market this year. We analyzed some of the most notable dividend-paying consumer stocks right now.
What to watch for
Is Micron stock doomed to fall?
Micron (MU) stock has been steady since its rally this year. However, market sentiments appear to be turning bearish. Options traders seem to be betting on a significant drop for the stock in the months to come.
Nike’s bullish predictions
Last week, Goldman Sachs analyst Alexandra Walvis upgraded Nike (NKE) stock to “buy” and the stock rose. Nike will likely report strong earnings and demonstrate significant acceleration in its EPS growth with its earnings report for the second quarter of fiscal 2020 later this month.
What’s in the cards for oil prices?
Oil saw an upside last week. Notably, WTI crude oil prices rose. OPEC+ also surprised the market with a deeper cut, which caused crude oil futures to rise.
Top tech IPOs in 2020