Cramer's lightning round: We like Dynatrace

China rejects accusations of hacking attempt on US coronavirus vaccine developer Moderna

BEIJING (REUTERS) – China rejected on Friday (July 31) charges that hackers linked to its government targeted biotech firm Moderna, a leading US-based coronavirus vaccine research developer, to steal data.

The accusations are baseless and without evidence, and China does not need to and does not engage in technology theft, foreign ministry spokesman Wang Wenbin told a news briefing.

Mizuho Financial Q1 Net Profit Declines – Quick Facts

Mizuho Financial (MZHOF.OB,MFG) reported that its first quarter net profit to owners of parent declined 24.6 percent to 122.37 billion yen. Earnings per share was 4.82 yen compared to 6.40 yen.

First quarter ordinary income was 835.84 billion yen, a decline of 15.4 percent from previous year. Net interest income increased to 215.1 billion yen from 179.9 billion yen, prior year.

For fiscal year ending March 31, 2021, the company projects: profit to owners of parent of 320.0 billion yen or net income per share of 12.61 yen.

Indonesia reports 2,040 new coronavirus cases, 73 deaths

JAKARTA (REUTERS) – Indonesia reported 2,040 new coronavirus infections and 73 additional deaths on Friday (July 31), according to data published on the country’s Covid-19 task force website.

This brought Indonesia’s total number of confirmed infections to 108,376 and deaths to 5,131.

Amadeus Slips To Loss In H1 Hurt By Covid- 19 Travel Shutdown

Amadeus IT Group SA (AMADY.PK,AMADF.PK), a Spanish IT provider for travel and tourism industry, reported Friday that its first-half loss was 196.9 million euros, compared to prior year’s profit of 594.4 million euros, severely impacted by COVID- 19 travel shutdown.

Adjusted loss was 89.2 million euros or 0.20 euro per share, compared to profit of 664 million euros or 1.54 euros per share a year ago.

EBITDA decreased 83.6 percent from last year to 194.1 million euros.

Revenue contracted 54.7 percent to 1.28 billion euros from 2.83 billion euros last year.

In Distribution, travel agency bookings fell 78.6 percent, to 65.9 million.

The company noted that since late May, it has begun to see an increasing number of flights being scheduled, and air traffic and bookings have been responding. However, the situation remains highly uncertain.

California Coronavirus Update: Deaths Increase Dramatically In Past Week As Records Fall

One day after reaching an all-time high of 197 coronavirus-related deaths, California’s pandemic accounted for another 194 new deaths on Thursday. So far, COVID-19 has taken in 8,909 lives statewide.

Deaths have dramatically increased from the near-flat levels in June. As of Thursday, the 14-day daily average of deaths attributed to coronavirus was 112. Two weeks ago, that daily average was about 83.

The spike began in earnest last week, with a then-record 157 deaths on Thursday topped by 159 deaths recorded last Friday.

Over the weekend and early in the week, those numbers dipped as state officials announced new reporting protocols had created a backlog of results. The recent skyrocketing numbers are, no doubt, at least in part due to that backlog. But the fact that they have resumed on a march to new highs does not bode well.

The state’s daily new coronavirus case count jumped to 10,197 on Thursday, up from 8,755 on Wednesday. That’s well above the 14-day average of 9,191 daily new cases but below the all-time high of 12,807 new cases, set last week.

California now has 485,502 confirmed cases of COVID-19.

Rupee settles 3 paise higher at 74.81 against U.S. Dollar

The domestic unit finally settled for the day at 74.81, 3 paise higher over its previous close of 74.84

The Indian rupee settled 3 paise higher at 74.81 (provisional) against the U.S. Dollar on Friday tracking weakness in the greenback.

At the interbank forex market, the rupee opened at 74.74, and witnessed an intra-day high of 74.68 during the session and a low of 74.90 against the U.S. Dollar.

The domestic unit finally settled for the day at 74.81, 3 paise higher over its previous close of 74.84.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.22% to 92.81.

Traders said the uptick in the domestic currency was he driven by weak U.S. Dollar, which extended losses following poor economic data.

The U.S. economy plunged by a record-shattering 32.9 % annual rate last quarter.

On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 29.92 points lower at 37,706.15 and broader NSE Nifty fell 7.05 points to 11,095.10.

Foreign institutional investors were net buyers in the capital market as they purchased shares worth Rs 207.30 crore on Thursday, according to provisional exchange data.

Brent crude futures, the global oil benchmark, rose 0.72 % to $43.25 per barrel.

Cramer's lightning round: We like Dynatrace

  • It's that time again! "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.

Ibio: "I've got to do a little more work on that $560 million bad boy, and we will come back. Interesting chart."

Vaxart: "Did you read the article about the insider selling? To me it was a — I didn't like the tone of it, let's put it that way. I didn't like the tone of Vaxart."

Dynatrace: "We like Dynatrace. Look, it's been a real winner. I don't know. It's a very expensive stock in terms of price-to-earnings ratio, so I don't think anyone would buy it. I think you should stick with it."

Rosetta Stone: "This is an interesting, good household brand stock."

Blink Charging: "I can't recommend it. I like Tesla."

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