While Wall Street still undervalues Wayfair, its stock has rocketed about 800% since its bottom of $23.52 in March. On Tuesday, Wayfair (W) stock ended the trading session 12.87% up, $188.63 per share.
With major states in the U.S. lifting the lockdown, traders showed optimism over kickstarting the economy. So far, the market has ignored the civil unrest after riots broke out following George Floyd’s death. Analysts think that if this continues further, it can deter consumer confidence.
Gap (GPS) stock is in the green after JPMorgan upgraded it to neutral from underweight. The stock has managed to gain around 28% in May as the economy started to reopen step-by-step.
Experts expect that Amazon (AMZN) stock price may start growing quickly and add around 25% just in a few months. Is it time to buy AMZN?
Uncertainty has beaten down the stocks prices of Carnival, Royal Caribbean, and Norwegian Cruise Line. There are, however, some signs of hope, bookings have been strong for next year, and tentative steps have been taken toward relaunching some ships.
It has been revealed that Moderna has already enrolled the first participants in its phase 2 clinical trial testing of the mRNA-1273 vaccine. Meanwhile, today MRNA stock is down.
Apple is going to cut down the prices of its various iPhone series as China is preparing for a mega online shopping festival tagged ‘6.18’. This move may help AAPL stock price to rebound in the coming days. Now AAPL is in the red.
After SpaceX’s successful launch of its Dragon spaceship over the weekend, investors showed confidence in the private space exploration industry as Virgin Galactic shares rocketed northwards.
The beauty products company Coty agreed to sell a stake in its business to private equity firm KKR. The announcement pushed the Coty stock price higher.
United, Delta, American, Southwest Airlines stocks managed to rise yesterday as the economy has started to reopen.
Evercore ISI analyst Amit Daryanani predicted Apple to reach a $2 trillion market cap in the next four years. According to Daryanany, this will happen when Apple (AAPL) stock gets to $550 per share.
Pfizer suffers a setback in trials targeted at getting Ibrance approved as an early-stage breast cancer therapy. As a result, PFE stock lost around 7% yesterday.
Violent protests have taken place for six straight days in dozens of U.S. cities. The stock market is volatile. Now Dow Jones is 100 points up, though when the market opened it was in the red.
Moderna (MRNA) shares price us slightly up despite the investors’ concerns about stock sales. The stock has lost around $20 from its ATH of $80.
As the U.S. riots continue spreading countrywide after the death of George Floyd, the stock market is anticipated to feel the heat. Amazon, Target and Apple have already temporarily closed their stores.