Boeing (BA) – Boeing is seeking access to $60 billion in public and private liquidity for the U.S.
Tesla (TSLA) – Tesla was ordered to halt production at its Fremont, California, factory, despite CEO Elon Musk's plan to keep the factory in operation. Counties in the San Francisco Bay area issued a shutdown order earlier this week for all nonessential businesses.
Ford Motor (F), General Motors (GM),
FedEx (FDX) – FedEx reported quarterly profit of $1.41 per share, matching estimates, with the delivery company's revenue exceeding Street forecasts. FedEx also suspended its 2020 profit outlook, pointing to the impact of the virus outbreak, and made plans to cut costs due to the pandemic.
General Mills (GIS) – The food producer beat estimates by a penny a share, with quarterly earnings of 77 cents per share. Revenue missed forecasts. General Mills, like numerous other companies, said the impact of the
Exxon Mobil (XOM) – Exxon Mobil raised $8.5 billion in new debt, but had to pay a higher premium than usual because of the recent tumble in oil prices.
Cinemark (CNK) – Cinemark is closing all 345 of its U.S.
Target (TGT) – Target announced a reduction in store hours to allow more time for cleaning and restocking. Target will also close the eateries and cafes located within its stores.
Amazon.com (AMZN) – Amazon is prioritizing medical supplies, household staples, and other high-demand products in its warehouses. Independent sellers will not be allowed to ship other products to Amazon's warehouses until April 5.
Walmart (WMT) – Walmart was upgraded to "outperform" from "neutral" at Credit Suisse, which thinks the retail giant may grow market share due to a virus-inspired, long-term structural change in consumer buying habits.
Dunkin' Brands (DNKN) – BTIG upgraded the restaurant chain to "buy" from "neutral," saying that as the virus outbreak takes its toll on restaurant operators, investors should increase exposure to companies in the sector with strong brands and balance sheets.
Ralph Lauren (RL) – Bank of America Securities upgraded the apparel maker to "buy" from "neutral," noting that potential downside from the virus outbreak is now largely priced in and that the company stands out from peers for its strong balance sheet.