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.
Boeing stock topped Dow index, more upside is ahead
Boeing stock price has been reversing losses at a sharp pace that it has faced in the past two years, thanks to MAX 737 return along with coronavirus vaccine discovery.
Nasdaq plunged on vaccine discovery, these stocks are laggards
The tech-heavy Nasdaq index fell more than 1.5% after Pfizer announced that its coronavirus vaccine is more than 90% effective in preventing infection in participants.
US stock market post-election rally continues on Joe Biden Win
US stock market has been generating substantial gains since November 2 election amid sentiments that Joe Biden would reduce the uncertainty in the global trade environment.
Square stock is flying on massive revenue beat, rosy outlook
Square stock price soared more than 4.5% after topping third-quarter revenue estimates by 50% and exceeding earnings target by 100%. Investors have been applauding the stunning financial performance of Jack Dorsey’s payments services company.
Nasdaq index is skyrocketing amid split congress, Uber and Lyft soared
The tech-heavy Nasdaq index remained the best performers in post-election trading as shares of big tech stocks rose sharply on prospects of dividend legislative assembly. Traders assume the clear majority for any side could make it easier for them to amend tech and social media laws. Besides Nasdaq, other stock indices have also reported hefty […]