The bad news for the movie business keeps piling up, enough that B. Riley analyst Eric Wold further cut his box office forecasts for both this year and 2021, before suggesting something of a return to old levels in 2022.

But in the meantime, the pandemic pinch that left theaters shut for months and Hollywood studios rescheduling most of their slates into next year or beyond continues to batter the business.

The latest news includes U.K. exhibitor chain Vue saying it will partially close a quarter of its screens during the week. The chain said in a statement that it will close 21 of its 87 theaters Tuesday through Thursday, beginning next week, “to ensure that our business is financially well-placed to withstand the uncertainty ahead.”

The move is similar to one by British competitor Odeon. Cineworld, which also owns the No. 2 U.S. chain Regal, took an even more drastic step, closing all its U.K. and U.S. locations for the next several weeks.

The situation is even more grim for B&B Theatres, the sixth-largest chain in the United States. The company warned that it was a few months away from bankruptcy if it doesn’t receive new content or government aid.

No. 1 U.S. chain AMC issued a similar warning last summer, then restructured its debt, cut a landmark revenue-sharing deal with NBCUniversal, and said it planned to issue 15 million new shares of stock. In response to the Cineworld closures, AMC said last week that it would keep theaters open and strive to open more, depending in part on potential revenues from that NBCU deal.

But the situation is ugly overall for the industry. Cineworld’s closure announcement came soon after MGM pushed back the

For Immediate Release

Chicago, IL – October 9, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: RH RH, The Boston Beer Company, Inc. SAM, Thor Industries, Inc. THO, Target Corporation TGT and FedEx Corporation FDX.

Here are highlights from Thursday’s Analyst Blog:

Top Growth Stocks to Buy on Iffy Stimulus Prospects

On Oct 7, U.S. stock markets closed sharply higher after President Donald Trump tweeted urging U.S. Congress to immediately pass a coronavirus-aid package for some specific segments of the economy.

This was in contrast to Trump’s tweet on Oct 6 when he asked his administration to halt negotiations with Democrats regarding a full-phased fiscal stimulus till the scheduled U.S. election on Nov 3. Wall Street saw an immediate downturn and ended sharply lower as soon as the news broke. However, investors’ hope for at least a truncated second round of stimulus package helped the market to more than offset the previous day’s losses.

A Partial Fiscal Stimulus

President Trump has urged Congress to clear $25 billion for airline payroll support and $135 billion for a small business paycheck protection program. Both of these aids could be paid for out of unused funds from the Cares Act, which came to an end in July. Moreover, Trump has also sent a stand-alone bill of $1,200 per individual as unemployment benefit.

Notably, the $2.2 trillion first round of coronavirus-relief package — popularly known as the CARES ACT — terminated at July end. Meanwhile, coronavirus-led severe economic devastation compelled lawmakers to inject another round of stimulus.

However, the U.S. Congress failed to reach an amicable solution regarding the size and scope of

BOSTON, LONDON and PARIS, Oct. 8, 2020 /PRNewswire/ — NelsonHall, the leading global analyst firm dedicated to helping organizations understand the ‘art of the possible’ in digital operations transformation, is delighted to appoint two new analysts in response to growing demand for business process services insight in the insurance, healthcare & life sciences, and pharmaceuticals sectors. These industries are becoming increasingly important in the current climate, and are undergoing major operational change, which is driving the need for deeper and more focused guidance on how organizations can transform their operations to thrive now and into the future.

Alisa Samoylova, based in London, has a background in scientific research and biotechnology, and also in procurement. After her initial assignment looking at procurement transformation, Alisa will focus on the pharma sector, starting with a major study of vendor capability from an operational perspective.

Ashley Singleton, based in Houston, is an experienced health insurance product development manager and business planning analyst, and will focus on healthcare payer and provider, as well as the wider insurance sector. Her initial assignment will be a major study of healthcare payer transformation.

These key appointments are the latest additions to NelsonHall’s global team, which is expanding in response to market demand for its unique brand of rigorous and insightful research and advice. John Willmott, NelsonHall’s CEO, said “I’m delighted to welcome Alisa and Ashley to our global analyst team, which is continuing to grow as organizations look for primary fact-based analysis that cuts through the market confusion. Now more than ever, organizations need to be able to see beyond the hype and soundbites to understand what’s really happening within their industry and how best to navigate these challenging times.”

About NelsonHall:

NelsonHall is the leading global analyst firm dedicated

For Immediate Release

Chicago, IL – October 7, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include General Motors GM, Ford F, Fiat Chrysler FCAU, Tesla TSLA and Honda HMC.

Here are highlights from Tuesday’s Analyst Blog:

Big 3 Detroit Automakers in Focus: How Have They Fared?

After plunging the most in the second quarter since the Great Recession, the U.S. auto industry gathered momentum in the third quarter, with sales rebounding from coronavirus-led lows and buyers returning to showrooms. Sales growth for September marked the first monthly rise since February. Unless there is a spike in coronavirus cases, which will trigger another round of lockdown and send vehicle deliveries into a tailspin, auto sales in the United States are likely to gain traction going forward. Increasing consumer confidence, declining unemployment rate and Fed’s efforts to support the economy bode well for the auto industry, which is highly cyclical in nature.

Amid the improving landscape, let’s take a look at how the Big 3 automakers namely General Motors, Ford and Fiat Chrysler are currently faring. General Motors, Ford and Fiat Chrysler are three of the oldest auto firms dated 1908, 1903 and 1925, respectively. While relatively new auto firms including Tesla are surely beefing up competition, especially in the electric vehicle space, these three legacy automakers have certainly stood the test of time and remain trusted picks for investors and consumers alike. While Fiat Chrysler currently sports a Zacks Rank #1 (Strong Buy), General Motors and Ford carry a Zacks Rank #2 (Buy) and 3 (Hold), respectively. You can see the complete list of today’s Zacks #1 Rank stocks here

For Immediate Release

Chicago, IL – October 5, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Valero Energy VLO, Phillips 66 PSX, Marathon Petroleum MPC, Royal Dutch Shell RDS.A and HollyFrontier HFC.

Here are highlights from Friday’s Analyst Blog:

Oil Posts Quarterly Gain as Supplies Fall for Third Week

U.S. oil prices eked out a quarterly gain after a government report revealed a weekly decrease in crude supplies that was contrary to expectations. The third straight fall in domestic oil stocks was accompanied by a decrease in distillate inventories.

Additionally, the agency said that gasoline stockpiles increased and oil supplies at the Cushing, OK, delivery hub rose too, but these had little effect on the positive response to the Energy Information Administration (“EIA”) data. On the New York Mercantile Exchange, WTI crude futures gained 93 cents, or 2.4%, to settle at $40.22 a barrel on Wednesday. The commodity moved 2.4% higher over the past three months.

Analyzing the Latest EIA Report

Below we review the EIA’s Weekly Petroleum Status Report for the week ending Sep 25.

Crude Oil:The federal government’s EIA report revealed that crude inventories fell by 2 million barrels compared to expectations of a 1.9 million-barrel build. The combination of a sizable increase in exports and a ramp up in refinery activity accounted for the surprise stockpile draw with the world’s biggest oil consumer even as domestic production stayed firm. This puts total domestic stocks at 492.4 million barrels — 16.5% higher than the year-ago figure and 13% higher than the five-year average.

On a bearish note, the latest report showed that supplies at the Cushing