Boeing Stock Soars 50% in a Month, but it’s Still a Buy
Boeing stock continues to extend the upside momentum as investor's sentiments restored in the fundamentals of the largest passenger planemaker. The US and European authorities have lifted the ban on its flagship jet 737 Max that is grounded since early 2019.
Splunk Stock Crash 20% on Surprise Loss, Lower Revenue Outlook
Splunk stock price fell almost 20% in post-market trading as the data analytics software company missed revenue and earnings estimates for the third quarter. Lower than expected outlook for the fourth quarter added to investors’ concerns.
Salesforce Stock Fell on Slack Acquisition at Premium, Tops Q3 Consensus
Salesforce stock price has been under pressure since the office software developer hinted to buy work messaging app Slack last week. The shares extended the losses this week after Salesforce announced to buy Slack at a high premium price of $27.7 billion in cash and stock deal.
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.