Tesla Stock Breaks Previous Records, Investors Bullish over EV Stocks
Tesla stock price jumped to a new all-time high of $530 as the largest electric vehicle company accelerated last week's gains by another 8%. Investors appear bullish over the future fundamentals of electric vehicles because advanced countries' are aggressively heading towards their zero-emission policy.
Nvidia Stock Steady Despite Record Gaming Demand
Nvidia stock price continues to trade in the $530 range even though the chipmaker has reported record September quarter results. The pressure on the share price has been blamed on the broader stock market uncertainty amid rising virus infections and social distancing policies.
Bitcoin Smashes Three Year High of $18K, Higher Adoption in Focus
Bitcoin price soared to the highest level in the last three years as several past events have raised investors’ confidence in the largest digital coin. Institutional investments by MicroStrategy and Square along with product integration by PayPal boosted investors’ confidence.
Tesla stock set to hit $550 after S&P stamp, analyst says
Tesla stock price reported a more than 8% increase after S&P announced to add the largest electric vehicle maker to the index. Bulls applauded the news as they have long been waiting for the S&P stamp on the electric vehicle maker.
MoneyGram Stock Skyrocket on Triple-Digit Percentage Growth
MoneyGram stock price soared more than 20% after reporting triple-digit percentage transaction volume growth in October, marking the tenth consecutive month of increase. The robust growth in cross broader payments is helping in beating revenue and earnings estimates.
US Dollar Back Above 93 Levels as Vaccine Optimism Fades
US dollar index is back above 93 levels as investor’s optimism over the coronavirus vaccine faded in the past two sessions. The rally in the USD index is also supported by heavy selling in currencies like the Japanese yen and Swiss franc.
Nike Stock Will Sustain Momentum Amid Digital Expansion
Nike stock price has recently hit an all-time high of $136 due to stronger than expected results for the third quarter. The company says strong digital sales growth helped in offsetting lower physical traffic on coronavirus concerns.