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Chevron (CVX) – Chevron plans to cut capital spending plans for 2020 by 20%, and will suspend its share buyback program. But the energy giant said it has no plans to cut its dividend.
IHS Markit (INFO) – The financial information provider reported quarterly profit of 66 cents per share, 2 cents a share above estimates. Revenue came in essentially in line with forecasts. The company said it still expects double-digit earnings growth this year and that it has a strong plan to deal with changing market dynamics.
Twitter (TWTR) – Twitter withdrew its guidance, as ad sales decline due to the
Amazon.com (AMZN) – Amazon suspended more than 3,900 selling accounts on its U.S.
Comcast (CMCSA) – The
Gilead Sciences (GILD) – The
Dollar Tree (DLTR) – Dollar Tree was upgraded to “outperform” from “market perform” at Telsey Advisory Group, saying the discount retailer is well-positioned to attract traffic and gain market share and that its product mix is a good one for the current challenging environment.
Spotify (SPOT) – Spotify was upgraded to “market perform” from “underperform at Bernstein, which said the music streaming service’s stock price has come down significantly while the firm’s outlook for Spotify has not changed much.
Perrigo (PRGO) – Perrigo was upgraded to “overweight” from “neutral” at JPMorgan Chase, which thinks the drug maker will benefit from increased demand for flu treatments.
Deckers (DECK) – The footwear maker was upgraded to “outperform” from “neutral” at Wedbush, which bases its upgrade on conversations with management that give it confidence the company can weather the current global economic shock.