Call Put Strike Daily Financial Insights: Social Media Under Fire & How The Wine Industry Copes With COVID

Twitter & Social Media Under Fire | Daily Financial News Summary for Thursday, May 28, 2020 All three major indexes were in the green for much of the day on Thursday. However, they all dipped into the red just before the closing bell. The Dow Jones dropped by 0.58%, while the S&P 500 fell by 0.2% and the NASDAQ closed 0.46% lower. Disney’s shares dropped on Thursday, after a statement from an analyst at Imperial Capital. He was quoted as saying: “[the stock has] risen too far too fast and the performance is due simply to the excitement around the prospects of the domestic theme parks re-opening.” “As such, we are advising that investors take profits, as Disney now looks like a name that should be ‘traded,’ rather than ‘owned,’ at least for now.” Shares of Disney fell by 2.4% after this statement. Full summary: https://callputstrike.com/2020/05/28/twitter-social-media-under-fire-daily-financial-news-summary-for-thursday-may-28-2020/ Wine Industry Impact from COVID-19 The latest news of companies struggling financially during the global pandemic has come from the United States wineries. With the reduction in purchases and forced closures of facilities, wineries have been feeling the intense pressure of trying to stay afloat during this crisis. The Wine Loss Situation Wineries make much of their revenue by on-site customers and tasting rooms. These have all been shut down since mid-March. As well, direct-to-consumer sales have significantly decreased in recent times. This is expected to continue to some degree after the pandemic, as consumers are not likely to be spending much of their extra money on unnecessary items such as wine. Wineries have also been faced with paying for extra expenses that were not planned. These include hand sanitizers, extra cleaning products, and face masks for their employees. Many wineries could not afford to keep their employees on during the pandemic. So far, thousands of winery employees have been temporarily laid off. Full article: https://callputstrike.com/2020/05/19/wine-industry-impact-from-covid-19/ Business Education, Investing, Market Insider, News, Stock Market, Trader Talk,