Cisco (CSCO) stock price fell slightly in the last trading session but is up now. This has happened after the networking giant reported its third-quarter earnings.
SmileDirectClub saw a 10% decline in its sales due to the COVID-19 pandemic effect. However, the unique aligner shipments for the first quarter of 2020 demonstrated a 12% jump against that of Q1 2019. SDC stock is down.
Amazon (AMZN) stock added around 0.47% yesterday. The company announced two Fire HD 8-inch tablets. The price starts at $89.99.
Jim Cramer says that it’s high time to start buying stocks. He claimed this as there was a broad market selloff in the last trading sessions.
Tencent (TCEHY) stock is aiming to break above the 2018 and all-time high of around $58. The rise is bolstered by the strong balance sheet in the first three months of 2020.
Sony (SNE) stock is down nearly 5%. The company reported a 57% drop in fiscal fourth-quarter operating profit but claims PlayStation 5 is still on track for the 2020 holiday season.
Inovio (INO) stock was jumped 8% yesterday, is in the green now after the company released its fiscal Q1 earnings report, while it is working on a coronavirus vaccine.
Tesla (TSLA) stock price fell slightly yesterday as the automaker reopened its Fremont factory despite lockdown orders.
As Twitter has explained, its employees can work from home “forever” as remote working has proved to be efficient. Therefore, it’s up to the staff to decide how they will work after the pandemic ends.
Pfizer (PFE) stock lost 1.94% yesterday but is slightly up today in the pre-market. The company is anticipating to test a COVID-19 vaccine in thousands of people by September.
As per the industry report, Uber and Grubhub are reportedly in talks of possible takeover deal as Uber looks to expand its footprint in the U.S. food delivery market. This acquisition can possibly help Uber to win 55% of the market share.
Moderna (MRNA) stock has more than tripled in value since the beginning of the year but has lost 6.80% on Tuesday. Moderna CEO Stephane Bancel said no single manufacturer can make enough coronavirus vaccine doses for the planet.
As Gilead Sciences has said, the 127 countries on the remdesivir distribution list vary from low- to high-income countries. All of them face barriers in getting healthcare access. Meanwhile, now GILD stock is up after falling 3.53% yesterday.
JPMorgan upgraded AbbVie (ABBV) stock to Overweight from Neutral. The price target was raised to $105 from $85. The current stock price is around $91.
Citi’s Jason Bazinet repeated his Buy rating on Alphabet shares while lifting his target for the GOOGL stock price to $1,600, from $1,400.