Twitter user and stock trader Dave Portnoy called Warren Buffett an idiot for offloading his airlines stocks during the coronavirus lockdown.
On the background of the pandemic, Inditex saw a 50% increase in online sales in Q1 2020. The peak was reached in April when Inditex online sales jumped by 95%. But the company said they are “not yet at normal levels”.
Following the report about takeover bids from private equity firms, Cloudera stock soared as much as 22% on Tuesday. At the close, Cloudera shares were 18.69% up, at $12.00.
The Nasdaq index managed to break the 10,000 barrier for the first time ever. This historic record became possible thanks to the increase in the shares of big tech companies.
Voyager Digital stock is showing great results this year. It means that it can become a good choice for investors who are interested in the crypto industry.
Apple (AAPL) stock is trading at around $344 today. The company is preparing to announce a shift to its own main processors in Mac computers during its annual Worldwide Developers Conference.
Tiffany CEO stated that the company is certain that a recovery is imminent even though each of its shares lost 53 cents in Q1. TIF stock is 2% up today.
Ron Baron’s statement came on “Squawk Box” after Tesla (TSLA) stock hit a new record at close on Monday. Currently, his company owns 814,595 SpaceX shares and 1.6 million Tesla shares.
Moderna (MRNA) stock is trading at around $58.48 now, while the shares closed yesterday at $59.10. As the COVID-19 pandemic is still a threat for us, Moderna’s mRNA-1273 makes the company popular among investors.
Calling Amazon the “structural winner” and the “best global play” coming from the COVID-19 pandemic, RBC’s Mark Mahaney raised his price target for AMZN stock from $2,700 to $3,300.
Hertz Global Holdings experienced more than 700% in its HTZ stock value in 4 days with a 24-hour rise of 112%. This growth comes days after the North American car rental service filed for bankruptcy.
Nasdaq Composite became the first of the big three indexes to bounce back to a record high. On Monday, it rose to 9,924.75, closing at the highest since February 19 when it ended at 9,817.18.
Retailer Michaels (MIK) experienced an almost 60% rise in its stock value following an upgrade by JPMorgan. This new positive outlook is impressive as the firm looks to bounce back from months of losses.
In May 2020, Tesla’s sales in China jumped back to over 11,000 Model 3 cars which made TSLA stock price skyrocket. Analysts are hopeful and optimistic that Tesla will show a strong performance in the Chinese market over the next 12 months.
Amazon could launch a new product. It’s an AI-driven virtual shopping service built upon a different algorithm giving customers new opportunities in purchasing things. Meanwhile, AMZN stock is in the green.