H&M has appointed the first female CEO and reported its first rise in annual profit since 2015. H&M stock price has also surged.
Stocks in Asia are tumbling continuously as the coronavirus continues to spread. This fall might be observed in the future as well until the spread is curbed.
5G adoption, as well as the services and wearables businesses, are said to help the Apple stock price to increase. Apple’s market cap is expected to grow from $1.3 trillion to $2 within a couple of years.
Tesla Inc. released better than expected earnings reports pushing its stock to record highs of over $630 in pre-market. Such figures allowed its CEO Elon Musk to earn $2.3 billion within an hour.
Shell stock in 2019 plunged as well as the company’s profit that didn’t meet the expectations. The company says the fall in oil prices significantly affected its results.
Facebook has reported figures for fourth-quarter earnings. The company’s revenue was $21.08 billion and the number of monthly active users reached 2.5 billion. Even though there is an improvement, the report shows growth has declined.
Microsoft reported earnings for its second fiscal quarter of 2020, including revenue of $36.9 billion, net income of $11.6 billion, and earnings per share of $1.51 (compared to revenue of $32.5 billion, net income of $8.4 billion, and earnings per share of $1.08 in Q2 2019).
Millennials prefer to invest their funds into the stocks of the most advanced companies that are being widely discussed today. They are Apple, Amazon and Tesla.
Being boosted by various factors, many stocks are climbing up while coronavirus fears are still growing. Let’s have a look at the earnings that some giants have recently reported for the previous quarter.
Apple has revealed the figures showing its earnings in the first fiscal quarter. The report demonstrates a strong surge in revenue from the iPhone 11.
Very soon the latest earning report from Tesla will be revealed. While most of the market is bullish, Jim Cramer says that there is a possibility that the results may disappoint investors.
There are now calls for more effort in controlling the spread of the coronavirus. According to some experts, the virus could become a reason for a heavy global recession.
AMD revenue jumped 50% to $2.13 billion in Q4, which is higher than analysts’ estimates of $2.11 billion. However, the Q1 revenue estimate is rather disappointing.
LVMH achieved record profit in 2019. In the fourth quarter, the sales rose 12% to 15.27 billion euros ($16.94 billion). But the coronavirus may negatively influence the company’s revenue.
Bitcoin price surge continues as investors move to crypto on the outbreak of the deadly coronavirus in China. With today’s price jump, Bitcoin has made a new 2020-high and we expect this momentum to continue in the near term.