Apple, Facebook, Amazon.com  and Alphabet’s  Google are expected to testify before a congressional committee , according to reports published late Wednesday. The testimony is related to antitrust issues. CEOs Tim Cook (Apple), Sundar Pichai (Google), Mark Zuckerberg (Facebook )and Jeff Bezos (Amazon) are expected to appear July 27, according to Reuters citing two sources familiar with the matter. Technology behemoth have been under the scrutiny of  the Federal Trade Commission and the Department of Justice for a while.The extent of user privacy and prevention of spread of false information and hate speech on their platforms are other topics that other concerns that the companies face from regulators.  

Pinterest got a price target hike from Deutsche Bank analyst. Deutsche Bank analyst Lloyd Walmsley boosted his price target on the image sharing /social media company’s shares to $27 from $20.In 11 of 11 cases where PINS's RSI Indicator exited the overbought zone, the price fell further within the following month.

General Mills reported fiscal fourth quarter earnings and sales that surpassed analysts’ expectations.The figure beat the $1.06 expected by analysts polled by FactSet. Sales climbed +21% year-over-year to $5.02 billion,  compared to analysts’ estimate of $5 billion. Strong demand for  baking goods, cereals, snacks and pastries led to accelerated net sales growth in the North America Retail segment, according to the company.

The COVID-19 virus has wreaked havoc on countries around the globe in 2020, both in medical terms and economic ones.The virus has taken a great toll on almost every economy around the world. Many pharmaceutical and biotechnology firms are working on vaccines for the COVID-19 virus.

 The companies range across 12 different sectors. The companies include Apple, Verizon,  AT&T, 3M, Adobe, and the U.S. units of Toyota Motor , Volkswagen  , and Daimler. This month, the Fed started purchasing  individual corporate bonds, (in addition to just ETFs that it started buying earlier).in the primary market). Tickeron's AI-powered scorecard rates SPDR® S&P 500 ETF Trust as SELL. SPY enters a Downtrend because Momentum Indicator dropped below the 0 level on June 26, 2020 This indicator signals that SPY's price has further to drop, since it moved below its price 14 days ago.

According to the  analyst,  Southwest shares have been historically  less volatile compared to  the industry. "We now expect traffic for the carriers in our coverage universe to recover to 2019 levels in 2023 as opposed to 2022," she said. "However, while we are taking the view that demand recovery will be slower than we were previously expecting, we continue to believe that demand for air travel will return to pre-Covid-19 levels and ultimately continue to grow from there." According to Tickeron, LUV enters a Downtrend because Momentum Indicator dropped below the 0 level on June 26, 2020 This indicator signals that LUV's price has further to drop, since it moved below its price 14 days ago.

One part of this piece of legislation was for banks to undergo an annual stress test to make sure the financial system could withstand different crises. Both the Volcker Rule and the Dodd-Frank Act have been in the news this week.The Volcker Rule entered the conversation as regulators rolled back some of the limitations on Thursday.  The Dodd-Frank Act also came in to play on Thursday as the results of the stress tests were released. Bank stocks rallied during the trading session on Thursday because of the news on the Volcker Rule.

Yeezy was recently valued at $2.9 billion. West will receive loyalty payments and "potential equity' related to sales targets of the brand over its ten-year timeframe, according to Gap.Yeezy Gap will be available in stores next year. "We are excited to welcome Kanye back to the Gap family as a creative visionary, building on the aesthetic and success of his YEEZY brand and together defining a next-level retail partnership," said Mark Breitbard, Global Head of Gap Brand. Technical Analysis (Indicators) for GAP Bearish Trend Analysis The Moving Average Convergence Divergence (MACD) crossed below the signal line.

McDonald's  confirmed that it had phased out its Beyond Meat burger trial in Canada.  McDonald's launched two consecutive trials of its plant, lettuce and tomato burger in several restaurants in Ontario Between Sept. 30 and April 6.In 51 of 57 cases where BYND Aroon's Indicator entered an Uptrend, the price rose further within the following month.

Aurora Cannabis announced that it was retrenching about 700 employees, and closing five production facilities.It also expects to record a charge of up to $140 million in the carrying value of certain inventory. Tickeron's AI-powered scorecard rates Aurora Cannabis a STRONG SELL. ACB enters a Downtrend because Momentum Indicator dropped below the 0 level on June 05, 2020 This indicator signals that ACB's price has further to drop, since it moved below its price 14 days ago.

Nvidia  has landed a deal with Daimler's  Mercedes-Benz, for autonomous and semi-autonomous vehicles. On Tuesday, it was announced that Nvidia’s Drive hardware/software platform will enable  a “new software-defined architecture” for Mercedes’ next-gen vehicles. The vehicles are expected to have  “state-of-the-art” automated driving functionalities, such as  the ability to automate driving of regular routes from address to address. The cars will begin rolling out in 2024. Mercedes’ software architecture will have Nvidia’s Orin system-on-chip which has 12 ARM CPU cores and a GPU based on Nvidia’s new Ampere architecture, and is supposed to process 200 trillion deep learning operations per second (TOPS) while consuming just 45 watts of power. Tickeron's AI-powered scorecard rates Nvidia a STRONG BUY. NVDA enters an Uptrend because Momentum Indicator exceeded the 0 level on June 09, 2020 This indicator signals that NVDA's price has moment

The current health crisis has created a lot of buzz around the biotech sector as several companies from the sector are working on potential vaccines against the COVID-19 virus.Many of the companies are overvalued at this time, but the fundamentals of many are really good. I looked at the SPDR S&P Biotech ETF (NYSE: XBI) and its components.

On Friday, CarMax  reported fiscal first-quarter earnings that saw a steep plunge from the year-ago period, on shutdown due to the covid-19 crisis. The retail used-cars company’ net earnings fell to $5 million, or 3 cents a share, from $266.7 million, or $1.59 a share in the year-ago period.  The EPS was also lower than the 4 cents expected by analysts polled by FactSet. Sales declined -40% year-over-year to $3.23 billion, compared to analysts’ expectation of $2.7 billion.Comparable-store used unit sales dropped -42% during the quarter. The overall result also included a $122 million in loan-loss provisions for CarMax’s financing unit.

On Friday, shares of Slack Technologies  were downgraded by Goldman Sachs analyst Heather Bellini, on competition concerns. Bellini lowered rating on the  software company’s stock to sell from neutral, citing competition from Microsoft.This means that MSFT’s stock grew somewhat faster than WORK’s over the last 12 months.  

Apple  shares got a price target hike from Jefferies on the iPhone maker’s 5G prospoects. Jefferies analyst Kyle McNealy raised his price target from $370 to $405. McNealy expects there to be four iPhone 12 models, including the two higher-end Pro models with 5G millimeter wave technology. “Specifically, we feel better about Apple’s ability to hold retail pricing for the fall 5G launch relatively consistent with last year while maintaining solid gross margin performance,” McNealy mentioned in a note. Tickeron's A.I.-powered scorecard rates Apple a STRONG BUY. AAPL's Aroon indicator reaches into Uptrend on June 18, 2020 For traders, this could mean going long on the ticker or exploring call options in the next month.

Shopify  shares got a price target hike from analysts at RBC Capital. On Thursday,  RBC Capital  analysts boosted their price target on the e-commerce company to $1,000 per share from $825 per share. They reaffirmed their outperform rating.  According to the analysts, the market "still underappreciates" some aspects about Shopify. RBC expects Shopify’s annual revenue to climb to $25 billion by 2028, from an estimated $2.3 billion in 2020. The analysts mentioned that Shopify has garnered more than 1 million merchants on its platform, which is more than triple from 325,000 merchants in 2016. RBC also projects that Shopify's take rate, or the percentage of transactions on its platform that the company keeps, will expand by 30 to 40 basis points in the near term on growth in payment adoption.

Delta Air Lines  plans to continue adding flights through the summer. The airline company is expecting to add about 1,000 flights a day in both July and August, as mentioned by CEO Ed Bastian on a shareholder call Thursday, (reported by CNBC). Domestic capacity in August would still be 55% to 60% of typical totals, Bastian said. Following the additions  Delta plans to pause and assess  how demand looks post-Labor Day before deciding to add further domestic flights, as indicated by Bastian. DAL's 10-day Moving Average moved above its 50-day Moving Average on June 01, 2020 This price move may be construed as a buy signal, indicating that the trend is shifting higher.In 15 of 20 cases where DAL's 10-day Moving Average crossed above its 50-day Moving Average, its price rose further within the subsequent month.

This summer, McDonald's   plans to hire around 260,000 people . The fast food restaurant company said that it had implemented about 50 new safety procedures, as it reopens after months of coronavirus-induced lockdown.The safety measures including closing some seating and tables, cleaning more frequently and keeping play spaces closed.  “Our local business owners are proud to help their communities and provide employment and educational opportunities to hundreds of thousands of people this summer," said Joe Erlinger, president of McDonald's USA. The company operates its restaurants at about 14,000 locations in the U.S. MCD enters a Downtrend because Momentum Indicator dropped below the 0 level on June 17, 2020 This indicator signals that MCD's price has further to drop, since it moved below its price 14 days ago.

Over the last few days the Tickeron A.I.dvisor has generated several signals that point to a downward move for the gold mining industry. First there was a signal on the Direxion Daily Gold Miners Index Bull 2X (NYSE: NUGT) that come from the momentum indicator and shows the odds of success at 89%.A.I.dvisor backtested 103 similar cases where NUGT's Momentum Indicator fell below the 0 level, and 92 of them led to a successful outcome.

Apple  said it would reopen 70 stores across the US this week. So far, Apple has reopened 365 of its 510 global stores. 10 stores in New York City will be reopened.According to a CNBC report, customers in New York will have to make appointments to come in the stores. The iPhone maker will remain cautious in its store reopenings.