Date: Tuesday, February 11th, 2020
Source: CNBC (https://www.cnbc.com)
Summary: Wall Street saw some positive trading action on new coronavirus data. Jim Cramer says Tuesday’s trade is “just instructive” of what could happen when the outbreak is contained.
Full article address: https://www.cnbc.com/2020/02/11/jim-cramer-wall-street-revealed-the-coronavirus-coiled-spring-stocks.html
$CCL $RCL $NCLH: The company priced private offerings of $4 billion of senior secured notes with a coupon of 11.5%. It also is raising $1.75 billion in convertible notes at 5.75%. The debt matures in 2023.
$CCL $RCL $NCLH: Carnival said it will raise roughly $6 billion in debt and equity and suspend its dividend, in a series of moves to help the cruise operator stay afloat amid the deteriorating conditions brought on by the coronavirus pandemic.
$MET: The Small Business Association will back $350 billion in loans to small businesses. But there are problems with the loan-making, and many experts say that’s not nearly enough. President Trump hasn’t heard of any problems, but says he’ll back the SBA if…
$HON $DJIA $SPX $MMM $EADSY: Honeywell, the big industrial and aerospace firm, is asking its suppliers for deep cuts in the price of goods it buys from them—along with extended payment terms and other concessions—in a sign of how the swift economic downturn caused by Covid-19 is…
$BABA: New York Governor Andrew Cuomo warned today that the state is still about a week away from the coronavirus crisis hitting its peak. He also shrugged off the lawsuit from the National Rifle Association over his deeming gun shops nonessential.