Posted in home

Stay-at-Home Stocks Send Markets Soaring Friday

The stock market has been looking for a strong recovery, and on Friday, it finally got one. Even though investors are still uncertain about what another potential round of federal government stimulus might look like or whether the COVID-19 crisis will continue, they nevertheless feel confident that the long-range prospects for the economy and the markets are sound. That helped lift the Dow Jones Industrial Average (DJINDICES:^DJI), S&P 500 (SNPINDEX:^GSPC) and Nasdaq Composite (NASDAQINDEX:^IXIC) considerably on Friday.

Today’s stock market

Index

Percentage Change

Point Change

Dow

+1.34%

+359

S&P 500

+1.60%

+52

Nasdaq Composite

+2.26%

+241

Data source: Yahoo! Finance.

Earlier this year, investors seemed to have the idea that the key to a permanent recovery would be for things to return as much to normal as possible. As 2020 has progressed, though, many market participants are getting more comfortable with the idea that the pandemic might create some

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Posted in home

Stay-at-Home Orders More Effective on Virus Than Closing Businesses

(Bloomberg) — Shelter-in-place orders by U.S. state and local governments did more to combat the spread of the coronavirus than business closures while destroying fewer jobs, researchers at the University of Pennsylvania said in a new study released Wednesday.



a man sitting on a table: A person works from home in an arranged photograph taken in Princeton, Illinois, U.S., on Tuesday, Sept. 8, 2020. Coronavirus cases in the U.S. increased 0.4% as compared with the same time Monday to 6.32 million, according to data collected by Johns Hopkins University and Bloomberg News.


© Bloomberg
A person works from home in an arranged photograph taken in Princeton, Illinois, U.S., on Tuesday, Sept. 8, 2020. Coronavirus cases in the U.S. increased 0.4% as compared with the same time Monday to 6.32 million, according to data collected by Johns Hopkins University and Bloomberg News.

Interventions “that target individual behavior (such as stay-at-home orders) were more effective at reducing transmission at lower economic cost than those that target businesses,” economist Kent Smetters and analysts Alexander Arnon and John Ricco wrote.

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The paper is one of several being presented Thursday at a conference hosted by the Brookings Institution in Washington studying the impact of Covid-19 on

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Posted in home

Stay-at-Home Tech Stocks Rally as Reopening Plays Slump

Tech stocks are holding up relatively well during today’s market selloff, and quite a few of the names seen as winners in the current environment are actually rallying.



a street sign in front of a building: Stay-at-Home Tech Stocks Rally as Reopening Plays Slump


© TheStreet
Stay-at-Home Tech Stocks Rally as Reopening Plays Slump

While the Dow and the S&P 500 at this writing are down 2.8% and 2.2% respectively, the Nasdaq Composite is down 1.3%.

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And the Nasdaq 100 index, the weighting of which skews heavily toward big-cap tech companies, is down just 0.9%.

Worries about a recent spike in global covid-19 cases and related concern about the virus’s economic impact in the coming months are apparently weighing on equity markets today.

Against that backdrop, many investors are once more treating companies whose products and services help consumers work, learn and/or entertain themselves remotely like safe havens — despite the high valuations many of them carry.

Zoom Video Communications is up 6.1%, Fastly

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Posted in home

Some college students face stay-at-home orders as local leaders try to control Covid-19 spread

Hoping to slow an outbreak of Covid-19 cases among their students, a small college in Rhode Island announced a stay-at-home order this week.



a group of people sitting at a picnic table: Students here are seen moving onto the campus at Grand Valley State University in Allendale Township in late August. Students in the township are now under a 'staying in place' order


© Cory Morse/The Grand Rapids Press via AP
Students here are seen moving onto the campus at Grand Valley State University in Allendale Township in late August. Students in the township are now under a ‘staying in place’ order

“We are out of options,” Providence College President Rev. Kenneth Sicard said Thursday. “If we are not successful, we will have no alternative other than to shut down our campus for the remainder of the fall semester.”

The college moved to remote learning for at least a week after more than 80 students tested positive for the virus over two days, Sicard said. Indoor and outdoor gatherings and travel to bars, restaurants and neighborhood businesses are not allowed. Violations will result in “immediate interim suspensions,” the president

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Posted in lowe's home improvement

Is Home Depot (HD) Benefiting From the Stay-at-Home Trend?

The Home Depot Inc. HD, which is a leading home-improvement retailer in the United States, is one of the prime beneficiaries of the coronavirus pandemic-induced a stay-at-home trend across all regions. This trend has proved to be a blessing for the home improvement industry. Notably, there has been a marked increase in repairs and home-remodeling projects in the past few months, as people are spending more time at home due to the increased work-from-home situation.

The company noted that accelerated customer engagement for home improvement in the second quarter of fiscal 2020 led to strong growth in its Pro and DIY customer categories. Notably, it witnessed strong demand for exterior and interior projects like deck building, painting projects, landscape work and home repairs due to increase wear and tear. As a result, DIY sales outpaced Pro sales growth in the fiscal second quarter.

Further, its Pro customers’ sales accelerated significantly

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Posted in kitchen remodel ideas

Stay-at-home design: Bright gathering spaces and moody nooks for study and work

Jacquelyn Burke and Jeremiah O’Connor finished reading the Harry Potter books to their son and daughter, ages 7 and 8, during the COVID-19 shutdown this spring. The 18-month marathon took place in the tucked-away space at the top of the stairs (no, not underneath) next to the kids’ craft table. The 42-square-foot reading or “nap nook,” as the family calls it in honor of its somniferous effect, boasts a window seat made from a twin mattress wrapped in tweed, built-in bookshelves, and soot-colored shades. It’s painted in Sherwin-Williams Basil, a cozy shade of saturated green. “We’re a family of readers who love to be home,” Burke says. “It was important that the rooms be comfortable.”

Burke, an attorney who traveled frequently pre-pandemic, also wanted their Milton home to be stylish and clutter-free. She hired interior designer Sarah Scales to pull it together. Absorbing ideas from images of rooms imbued with

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Posted in kitchen ideas

Great stay-at-home date night ideas

Great stay-at-home date night ideas
Image source: Getty Images

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Date nights are a great way to reconnect with your partner, but going out on a regular basis can be hard on the budget. If you have kids at home, it might also not be practical to schedule a babysitter at the last minute. The good news is that stay-at-home date night ideas abound. And with a little imagination, you can have just as much fun at home while saving money at the same time. 

1. Make it a Netflix night

Watch

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Posted in home

Peloton Rises After Quarterly Sales Get Stay-at-Home Boost

(Bloomberg) — Peloton Interactive Inc. shares rose Friday after the company reported quarterly sales that topped analyst projections as stay-at-home orders and gym closures continued to spur purchases of the company’s exercise equipment and workout subscriptions.



a close up of a motorcycle: Peloton Interactive Inc. stationary bicycles sit on display at the company's showroom on Madison Avenue in New York, U.S., on Wednesday, Dec. 18, 2019. The stakes are high for Peloton as it heads into its first holiday season as a publicly traded company. Peloton projected sales of $410 million to $420 million for the quarter ending Dec. 31, up about 60% from the same quarter a year earlier.


© Bloomberg
Peloton Interactive Inc. stationary bicycles sit on display at the company’s showroom on Madison Avenue in New York, U.S., on Wednesday, Dec. 18, 2019. The stakes are high for Peloton as it heads into its first holiday season as a publicly traded company. Peloton projected sales of $410 million to $420 million for the quarter ending Dec. 31, up about 60% from the same quarter a year earlier.

The New York-based fitness technology company said fiscal fourth-quarter revenue surged 172% from a year earlier to $607.1 million. Analysts were looking for $581 million, according to data compiled by Bloomberg. Profit, excluding certain items, was $89.1 million, or 27 cents a share, in

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Posted in home

Peloton Sales Soar on Stay-at-Home Boost; Stock Jumps

(Bloomberg) — Peloton Interactive Inc. reported quarterly sales that topped analyst projections as stay-at-home orders and gym closures continued to spur purchases of the company’s exercise equipment and workout subscriptions. The shares jumped about 10%.



a close up of a motorcycle: Peloton Interactive Inc. stationary bicycles sit on display at the company's showroom on Madison Avenue in New York, U.S., on Wednesday, Dec. 18, 2019. The stakes are high for Peloton as it heads into its first holiday season as a publicly traded company. Peloton projected sales of $410 million to $420 million for the quarter ending Dec. 31, up about 60% from the same quarter a year earlier.


© Bloomberg
Peloton Interactive Inc. stationary bicycles sit on display at the company’s showroom on Madison Avenue in New York, U.S., on Wednesday, Dec. 18, 2019. The stakes are high for Peloton as it heads into its first holiday season as a publicly traded company. Peloton projected sales of $410 million to $420 million for the quarter ending Dec. 31, up about 60% from the same quarter a year earlier.

The New York-based fitness technology company said fiscal fourth-quarter revenue came in at $607.1 million, up 172% from a year earlier. Analysts were looking for $581 million, according to data compiled by Bloomberg. Profit, excluding certain items, was $89.1 million, or 27 cents a share,

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Posted in home repair

Slack Has Been a Stay-at-Home Darling. Why Its Stock Is Tumbling.

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Chris Ratcliffe/Bloomberg


Slack Technologies

beat fiscal second-quarter earnings and revenue expectations, but its shares sank on the report.

Slack shares (ticker: WORK) had risen 30% in 2020 through Tuesday’s close. With the stock down 15.5% to $24.78 Wednesday afternoon, its year-to-date jump pared back to 10.2%.

Much of that run had to do with excitement for companies that appear to benefit from work-from-home trends that kicked into overdrive amid the pandemic. On the other hand, the pandemic has caused some headwinds, like hits to potential customers, especially those in the travel industry.

Mizuho Securities analyst Gregg Moskowitz lowered his price target to $25 from $29 and maintained a Neutral rating in a note on Wednesday.

While paid net additions were in line with his expectations, the company saw a deceleration on several fronts as the benefits of trends toward work-from-home amid the pandemic showed signs of waning. He

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