Zoom Stock Bounced Back, Analysts Say More Gains are Ahead
Zoom stock price regained momentum after plunging sharply at the beginning of the year due to the broader market tech selloff. After hitting $350, the shares of the video calling company bounced back above $400.
European Stocks Extends Gains into New Week; Here’s What to Expect
European stocks are in green after posting their largest weekly gains since early last month as STOXX Europe 600 Index jumped 1.67% last week. Easing social distancing policies along with robust economic data has been adding to investor’s sentiments.
Oracle Stock Could Fly Higher on TikTok Deal
Oracle stock price is likely to get a new bullish price target from market analysts as the software company is all set to acquire TikTok US operations. Reports show that TikTok has rejected Microsoft offer, announced to partner with Oracle for US operations.
European Stocks Plunge Despite ECB’s Higher Economic Forecasts
European stocks are in doldrums as the stocks are swing between gains and losses. The shares are struggling to sustain the upside momentum as the markets are significantly responsive to economic reports.
Disney Stock Could Hit $160 Level, Analyst Says
Disney stock price gained some momentum in the past couple of months but the shares of the entertainment company are still well below from an all-time high of $153. Disney stock price had hit $70 level in April as the coronavirus pandemic has forced the company to close its parks, resorts, and hotels.
European Stocks are Higher Amid Wall Street Rebound
European stocks bounced back after generating back to back losses in the past couple of sessions due to the tech sector selloff. The rally is initially prompted by oil and drug companies while the US tech sector rebound accelerated the gains in the afternoon session.
Spotify Stock: Credit Suisse Expect 29% Upside
Spotify stock price soared more than 60% since the beginning of this year as lockdowns and social distancing policies have substantially increased active users and streaming time. However, the shares of the streaming and podcast company came under pressure after the company missed analyst’s revenue and earnings estimate for the second quarter.
European Stocks Tumble as Wall Street Fell into Correction
European stocks plunged sharply on Tuesday as losses from Wall Street are weighing on investor’s sentiments. The tech-heavy Nasdaq index plunged more than 4% on Tuesday with the largest single-day losses from big stocks like Apple, Amazon, and Facebook. Shares of Tesla plunged at a double-digit rate on Tuesday.
Slack Stock Plunged 18% on Earnings Announcement
Slack stock price lost 18% of value in post-market trading despite topping revenue and earnings estimates for the second quarter. The selloff is prompted by the second quarter calculated billings that came in at $218.2 million compared to the $226.3 million consensus estimate. The broader tech sector selloff has contributed to the Slack stock price plunge.
European Stock Markets Rebounds, Wall Street Futures are in Green
The European stock markets rebounded sharply on Monday after posting the largest weekly loss in the last three months. The Monday gains are supported by a rally in auto markets along with some recovery in tech stocks. Last week selloff was mostly blamed on US tech stocks.
Ford Stock Could Double This Year
Ford stock price lost a third of value so far this year amid slower demand and global economic meltdown. The shares of one of the oldest vehicle makers are under pressure at the moment due to the expectations for an annual loss.
European Stocks Recover After Friday Tech Selloff
European stocks are largely in green on Monday as improving economic data helped in building investor’s sentiments. The stock markets around the world saw a massive tech sector selloff in the past few consecutive trading sessions. European stocks closed lower on Friday as the technology sector plunged more than 2%.