With Tesla hitting a record Q2 net profit, the company is making an optimistic prognosis for the upcoming future. It expects a 50% average annual growth in vehicle deliveries.
The US IPO market has seen good growth over the years per the number of firms that went public and the valuations raised.
Snap stock has risen approximately 184.94%, and 25.76% in the past year and seven months.
Twitter reported adjusted earnings per share of 20 cents against 7 cents expected by analysts according to a poll by Refinitiv.
Besides concerns of Covid resurgence in the United States, food stocks including Domino’s are heavily bolstered by the second-quarter earnings results.
Dow Jones recovers all losses from Monday with two-day consecutive rallies. Interestingly, the bond market is also fuelling optimism on Wall Street.
Tesla is planning to make Superchargers that are accessible by all vehicles in most of the countries.
Nasdaq Private Market will become standalone and will operate independently from the parent company.
Monday’s dip which represents accounts for one of the biggest drops in the Dow Jones in the past year was cushioned with the latest gains. However, the 30 stock index is still about 1.6% below its best level attained last week.
Netflix stock greatly improved during the coronavirus outbreak. However, as more coronavirus vaccines got approved for mass use, NFLX stock began to retract.
UBS said the huge net profit during Q2 is partially due to continued momentum in flows and volume growth.
Among several points expected to be raised during the upcoming earnings call for Tesla, investors may see a more than 88% increase from the same period last year.
The second-quarter revenue was the largest IBM had ever recorded in three years.
The fast spread in the Covid-19 delta variant has put concerns on the growth of the economy. The CBOE Volatility Index shot to 25 suggesting high fear among investors on Wall Street.
The new idea is to venture into the video gaming business to help Peloton diversify into more revenue returning avenues amid Covid-19 market recovery.