Boeing stock is steady despite big losses from airline customers
Boeing stock has steadily been moving upward despite big losses from passenger airlines, resulting in massive order cuts for new planes. Although the shares of the largest airplane maker jumped 20% in the past six months, the stock price is still down almost by 50% so far this year.
Tesla Stock Shining After Record Quarterly Performance
Tesla stock price soared more than 13% in post-market trading as the world's largest electric vehicle company reported record quarterly earnings. Its revenue of $8.77 billion soared 39% year over year, topping analysts’ consensus estimate by $460 million.
Lockheed Martin Stock Fell on Bleak Outlook, But Analysts See Upside
Lockheed Martin stock price plunged more than 2% despite posting stronger than expected results for the third quarter. The shares of the Aerospace and Defense Company outperformed its closest competitor Boeing amid a lack of focus on the passenger airline industry.
Netflix Stock Fell below $500 Mark as Subscribers Growth Disappoints
Netflix stock price lost almost 5% of the value after releasing third-quarter results as its subscriber additions fell below the forecast for 2.5 million growth. Analysts were expecting third-quarter subscribers in the range of 5 million, but actual subscribers came in at only 2.2 million.
Apple stock fail to make gains on iPhone 12 launch, analysts praises pricing
Apple stock price failed to generate an upside momentum despite launching closely watched 5G iPhone 12 event last week. The share of the largest tech company plunged from $125 to $119 a share since it has launched a series of new 5G phones.
United Airlines CEO is Confident on Recovery, Analysts See Buying Opportunity
United Airlines missed third-quarter revenue and earnings estimates, with a 78% year over year decline in revenues. The shares of the largest US airline are down almost 60% in the past twelve months as the coronavirus pandemic has devastated the passenger carrier’s fundamentals.
US Dollar Trades in a Tight Range, Gold, and Riskier Assets Fall
US dollar continues to trade around the 93.40 level against the basket of six major currencies amid the uncertainty regarding the stimulus package and concerns over the second coronavirus wave. The USD index has been trading in a tight range of 92.90 to 93.60 levels over the past few days.
European Stocks are Mostly Lower, US Stocks Extends Losses
European stocks reported losses in Thursday trading amid setbacks in politics, earnings, and the pandemic. Although the selling pressure is not strong, the major market indices are trading in negative territory for the second consecutive day.