Zoom’s Q1 earnings far outnumbered analysts’ expectations, appeasing investors and leading to Zoom stock surge. In pre-market today, Zoom (ZM) stock has jumped by 1.88% to $212.00.
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.
On June 2, China’s biggest contract chip manufacturer, Semiconductor Manufacturing International (SMIC), filed for a listing in Shanghai aiming to raise $2.8 billion for expansion and operations purposes.
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.
Currently, Western Union and MoneyGram are in talks on the buy offer, but no decision has been made yet. Following the rumors, both Western Union and MoneyGram stocks have soared. WU stock is over 8% up while MGI has managed to gain over 38% in the pre-market.
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.