Coronavirus has significantly affected Walmart’s net sales and operating results, as the demand for many categories of products has been unprecedented, which led to strong figures. WMT stock is up.
Amazon (AMZN) stock is rising now. The company’s job openings rose in April while they fell at Alphabet, Facebook and Netflix, according to Citi.
On Monday, Moderna (MRNA) stock price jumped 20% after the company reported a positive date for its early-stage human trial for the COVID-19 vaccine – mRNA 1273. Now Moderna shares are around 3% down.
U.S. bank stocks are rising on the hope that the economy is slowly bouncing back after a lockdown due to the coronavirus pandemic.
Bitcoin price rose more than 36% since the year’s beginning while the shares of banking giants have experienced huge fallings.
The potential buyer of SoftBank’s stake in T-Mobile is Deutsche Telekom AG that already has voting control of T-Mobile and is likely to buy the shares at a small discount.
Disney has announced that its Springs Resort in Florida will be partially reopened on Wednesday. As a result, DIS stock price increased by 7%.
Uber stock price rose yesterday but is slightly down in the pre-market after the rideshare company decided to shut down operations in 45 offices and cut 3,000 jobs.
The future for Zoom and airlines will be unknown as the economy can change in any direction. Today Zoom market cap is close to the market cap of 7 biggest airlines taken together.
Moderna said its experimental coronavirus vaccine demonstrated immune responses in some of the healthy volunteers who were vaccinated in a clinical study. MRNA stock is up.
Ford (F) stock price has risen by 6% today as automakers in the U.S. have started to resume operations after the coronavirus lockdown. It seems that the economy has come one step closer to the recovery.
Sorrento (SRNE) stock price continues to rise. Today it’s around 35% up in the pre-market. This occurred after the biotechnology company announced a breakthrough in its COVID-19 antibody research.
The U.S. economy is going through an unprecedented recession and a recovery will take time. However, Federal Reserve Chairman Jerome Powell is optimistic about it. Dow futures are up after his interview.
Apple plans to reopen more stores in the U.S and Canada. Customers and employees would be put under strict health checks. Today in the pre-market, AAPL stock is rising.
Novavax (NVAX) and Moderna (MRNA) stocks remain a buy amid the coronavirus economic disruption. They are 7% and 27% up in the pre-market respectively.