After a week of heavy speculative trading, the market remained optimistic on Monday with liquidity concerns alleviating. The S&P 500 registered its best daily gains since November 24, 2020.
Currently, the key objective of Virgin Galactic is to complete the flight as well as “to test the remedial work that has been completed since the onboard computer halted ignition of the rocket motor.”
In 2021, it is expected that Moderna will to generate $11 billion in revenue from its vaccine.
Ford and Google are considering leveraging Google’s cloud to enable a system where Ford users will receive maintenance information and other updates on trade-in opportunities.
Although the trading of GME stocks in the past days have pumped their valuation, social brokerage platform Robinhood and others have either halted the trade of the shares or limited it.
According to a press release on its earnings result, Thermo Fisher revenue grew by approximately 54% in the fourth quarter to $10.55 billion.
Nio, Li Auto and Xpeng have all announced an increase in their delivery rate for 2020.
Ryanair hopes that the vaccine rollout will eventually facilitate return to normalcy.
The activities of the Reddit chatroom r/wallstreetbets may be far from over as more stocks that are being shorted by Wall Street firms may be pumped again.
Before silver’s buying stampede, the Reddit frenzy also fueled the rise in GameStop, Dogecoin, and others.
Wall Street analysts continue to monitor the situation in the oil and gas industry. Shell stock received an average of Over rating from 33 ratings.
Despite the losses sustained by Melvin Capital amidst the GameStop bet going bad, the company still has very high liquidity.
Later today, ASOS is likely to announce the deal with Arcadia Group disclosing further details. It will be likely running the Topshop store in partnership with JD Sports.
Despite the fall in BTC price, MicroStrategy CEO remains confident in the company’s constant acquisition of the digital currency.
The GameStop episode has pushed hedge funds to book billions of dollars in losses. Reports suggest that following it, hedge funds have been moving money out of the market at the fastest rate since 2014.