Costco Stock Will Get Support from Robust Financial Growth
Costco stock price soared sharply in the past three months amid high double-digit sales growth. The company has impressed several analysts by generating double-digit growth in all core merchandising categories.
European Stocks Steady, But US Stock Markets Tumbles on Fed Warning
European stocks rallied on Wednesday and remain steady in Thursday trading despite a huge selloff in US stock markets. The rally in stock prices of sportswear makers and auto companies helped European stocks to extend the upside momentum.
Aurora Cannabis Stock Fell 30% to All-time Low on Slowing Revenues
Aurora Cannabis stock price hit an all-time low despite beating fourth-quarter results. Investors reacted strongly to declining revenues as their consumer cannabis sales dropped almost 9% from the past year period and the company sees an extension of the declining trend in the first quarter this year.
US Dollar Jump to Six Week High, Gold and Euro Tumble
US dollar rally gained further momentum on Wednesday as global equity markets are losing investor’s confidence due to the threat of the second coronavirus wave. The risk of fresh economic and traveling restrictions has added to the greenback value.
European Stocks Extends Gains on Tech and Energy Sector Performance
European stocks rebounded slightly on Tuesday and extended the upside momentum into Wednesday trading as technology companies continue enhancing investor’s sentiments. Strong gains from the energy and healthcare sectors added to the upside momentum despite sluggish sentiments about travel and leisure companies.
Nike Stock Hit fresh 52-week High on Earnings Beat
Nike stock price soared more than 12% after reporting stronger than expected revenue and earnings growth for the first quarter, with an indication that its sales and earnings growth will accelerate in the coming quarters.
US dollar index Rebounds on Riskier Assets Selloff, Gold Tumbles
US dollar bounced back sharply at the beginning of this week amid a sharp drop in equities and risker currencies. The significant growth in coronavirus infections along with the threat of new lockdown and economic restrictions pushed the US dollar higher against the basket of six major currencies.
European Stocks Plunge Most since June on COVID and Money-Laundering Concerns
European stocks slid more than 3% on Monday and shares of the European companies extended losses into Tuesday trading as investors are showing concerns over rising coronavirus infections.
Shopify Stock Could Hit $1300 Mark, Goldman Sachs Predicts
Shopify stock price retreated sharply in the past two weeks after hitting all-time high of $1140 at the beginning of this month. The shares of internet services and e-commerce company plunged below the $930 amid the broader market selloff. However, the market analysts are seeing a significant upside potential in the days ahead for Shopify stock.
European Stock Markets: Second Coronavirus Wave Impacts Sentiments
The European stock market has extended the declining trend into the third consective trading session on Monday trading due to concerns over the second coronavirus wave. The World Health Organization warned that economic reopening and easing travel restrictions could spur a new coronavirus wave.
Salesforce Stock Offers a Buying Opportunity
Salesforce stock price drop is presenting an attractive buying opportunity for value investors as shares of software company plunged sharply in the past two weeks amid the broader tech market selloff.