Bitcoin smashes three years 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.
GameStop stock offers a buying opportunity, bulls say
GameStop stock price has been struggling to generate a sustainable upside momentum amid a tug of war between bulls and bears. Bulls are optimistic that the new revenue streams along with Microsoft deal would support share gains.
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.
Warren Buffett’s Berkshire Hathaway bets on pharma, slash bank stocks
The legendary investor and master of value investing Warren Buffett’s Berkshire Hathaway have added stocks of several pharma companies to its portfolio during the third quarter.
David Tepper’s Appaloosa Sells Broadcom, Qualcomm, and Tesla
David Tepper’s Appaloosa LP exits position in chip maker Broadcom after 18% year to date rally, while the billionaire investor has also taken advantage of massive share price gains of payment services companies.
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.
Apple stock back on bullish trend amid robust iPhone 12 demand
Apple stock price rebounded last week as reports suggest iPhone 12 series has been beating initial demand forecasts, with expectations that the rally is likely to see backing from recovery in tablet markets.
Disney stock rally on streaming, dividend suspension
Walt Disney stock price soared almost 3.5% after beating revenue and earnings for the fourth quarter as streaming business helped to lower the 61% year over year drop in parks businesses.
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.
European stocks are in red, coronavirus concerns weigh on sentiments
European stocks have lost the upside momentum amid concerns over rising virus infections as well as the delivery of the Pfizer vaccine. Following the Monday rally, the European stocks rally faded due to slowing economic growth on lockdowns.