logo
[breadcrumb_custom]

Month: November 2020
Equity News

U.S. Indices Dropped After Tug Of War Between U.S. Treasury And Fed

The major U.S. indices show negative dynamics in the trading on Friday, November 20, due to disputes between the Federal Reserve and the US Treasury over the extension of a variety of programs during the coronavirus pandemic to support the country’s economy. Thus, Treasury Secretary Steven Mnuchin said the emergency loan programs of the Fed, initiated by the regulator at the start of the Covid crisis, will not be extended after December 31 of this year. In response, the Fed expressed its disagreement, arguing that unless there are strong signs of a turnaround in the US economy, all programs should

HCCC Stock
Equity News

XPeng Inc. (XPEV) Stock trading in All-Time High Range as EV maker reveals its EV P7 Wing Limited Edition

XPeng launches its P7 sports sedan with Lidar technology, the first-ever by any automaker. P7 Wing is a limited edition only available in the Chinese market. XPeng Inc., (XPEV) is rising as one of the most promising electric vehicle companies. The company has massive demand in China, but it seems the evolving global market will increase its worth in the next few years. Shares of the EV maker are soaring and it is currently trading at its all-time high since it went public on April 27, 2020. The trading volume is quite massive today with the P7 Wing release. Currently,

CSCO Stock
Market Activity

The High-Tech Sector Bought The U.S. Indices Up On Thursday

On Thursday, 19 November, the major U.S. indices ended trading in positive territory due to higher prices of high-tech stocks, which, due to the rapid spread of COVID-19, increased expectations of tightening of quarantine measures in several states of the country. The average number of new cases has risen to 162,800 in the U.S. over the past two weeks, which is 77 percent higher than two weeks ago. The New York authorities have stated that in the coming days they plan to reintroduce lockdowns, including a ban on visiting restaurants and gyms. Schools in New York, except for private ones,

ELVT Stock
Market Activity

Double-Digit Rise in Sonos (SONO) And Victoria’s Secret Parent L Brands (LB) Stocks On Thursday

Sonos Inc (SONO) soared 29.84 percent after the Californian maker of wireless audio speakers posted performance well above estimates for its fourth fiscal year which ended at the end of September. Compared with the $299 million predicted by the FactSet consensus, revenue jumped 15.5 percent year-on-year to $339.8 million. Compared to a $29.6 million loss a year ago, the Santa Barbara-based corporation reported a net income of $18.4 million. Its per-share net income was 15 cents, compared to just 2 cents predicted by analysts and -28 cents a year earlier. Sonos expects revenue of $1.44 to $1.5 billion for the

ELVT Stock
Equity News

PG&E (PCG) Appoints New CEO; Massive Task waits ahead for Patti Poppe

The California utility giant just announced its new CEO as the company aims to come out of problematic circumstances. On Wednesday, PG&E Corp. (PCG) announced a new CEO placing its fate in the hands of a compatible and reliable person. The company after facing heavy critics, criminal charges, and bankruptcy, is set to go for a new drive with Patricia K. Poppe. After the announcement of a new CEO, PCG stock showed signs of optimism and seemed that investors took this as a positive. The stock soared more than 8% trading in a range of $12.57 – $12.74. PCG traded

THMO
Trading Signals

Tesla (TSLA) Stock’s Surge Remain On Wednesday, S&P 500 Listing News Still Adding

Tesla (TSLA) shares jumped 10.20 percent at the close of trading on Wednesday, up nearly 427 percent since the beginning of the year. The company’s stock kept surging for 2nd day as the S&P Dow Jones Indices on Monday announced plans to include the shares of the electric car manufacturer in the benchmark S&P 500 index in December.  The company’s stock gained 19.25 percent in last 2 trading sessions. In the S&P 500, Tesla may become one of the most valuable firms, and its share in the index may surpass 1 percent. Tesla’s share price was $486.64 at the close
Market Activity

Lockheed (LMT) In Efforts Of Leaving The SpaceX Behind

A Lockheed Martin Corporation (LMT) quarterly report showed that the space segment of the business is increasing at the slowest rate, and its profitability is dropping altogether. Competition with SpaceX is the main reason, but the management of Lockheed claims that the space technology segment will expand the fastest. The price competition with SpaceX in the field of payload production is unlikely, and SpaceX will hold a dominant role in the industry for decades with the arrival of the Starship vehicle. Lockheed aims to circumvent SpaceX in another direction which is the space technology security section. In particular, Lockheed anticipates
Trading Signals

Wall Street Took A Pause On Tuesday

A day after the record highs for the Dow Jones and S&P 500 in anticipation of successful coronavirus vaccines revealed by Moderna (MRNA) and Pfizer (PFE) in the coming weeks, and potentially other laboratories already in the final phase of their clinical trials, the New York Stock Exchange dropped on Tuesday. Investors hope that in 2021 the economic recovery will intensify, but in the short term, the second Covid-19 wave, which is swelling in the United States, could lead to a vacuum, needing more fiscal and monetary support. As a consequence, in October, retail sales in the United States disappointed
Stock Investing

Zoom’s (ZM) Stock Remained More Volatile With Vaccine News

Shares of corporate video solutions designer Zoom Video Communications Inc. (ZM), settled at a loss of -1.10 percent to $399.15 on Monday. The stock remained more volatile after emergence of the vaccine news last week. The vaccine announcement by Moderna Inc (MRNA) this week has also been adding to that as the Covid-19 vaccine is anticipated to be available in the next year, a scenario which will lessen the demand of video services solutions. A report about the rise in the number of cases of COVID-19 in the United States was the catalyst of the growth of ZM stock in
Equity News

EPAM Systems (EPAM) Stock Added 52% This Year, Stood Among Fastest Growing Businesses

Enterprise software developer EPAM Systems Inc. (NYSE: EPAM) has been listed on Fortune’s list of the 100 fastest-growing companies as one of the leaders in its services. AppFolio, Inc. (NASDAQ: APPF), a software and services company for real estate, is the ranking leader. EPAM climbed to 21st place in the 2020 list, 50 places higher compared to last year’s outcome. Hundreds of public companies that have shown the fastest growth rates in sales, annual profits, and earnings per share are on the Fortune 100 list. The ranking is based on three-year data and includes firms from various industries. As it

Investchronicle.com is an Economic news website, which offers broad information about the Stock markets and Equities. The major emphasis of this platform is to present, the most practical recommendation for public and private capital sharing, both in the form of updates and detailed analysis.
Facebook-f Twitter Google-plus-g Pinterest

Quick Links

Categories

©Fueled By Smart TechOne