European Stocks Steady, But US Stock Markets Tumbles on Fed Warning
European stocks rallied on Wednesday and remain steady in Thursday trading despite a huge selloff in US stock markets. The rally in stock prices of sportswear makers and auto companies helped European stocks to extend the upside momentum.
Aurora Cannabis Stock Fell 30% to All-time Low on Slowing Revenues
Aurora Cannabis stock price hit an all-time low despite beating fourth-quarter results. Investors reacted strongly to declining revenues as their consumer cannabis sales dropped almost 9% from the past year period and the company sees an extension of the declining trend in the first quarter this year.
European Stocks Extends Gains on Tech and Energy Sector Performance
European stocks rebounded slightly on Tuesday and extended the upside momentum into Wednesday trading as technology companies continue enhancing investor’s sentiments. Strong gains from the energy and healthcare sectors added to the upside momentum despite sluggish sentiments about travel and leisure companies.
Nike Stock Hit fresh 52-week High on Earnings Beat
Nike stock price soared more than 12% after reporting stronger than expected revenue and earnings growth for the first quarter, with an indication that its sales and earnings growth will accelerate in the coming quarters.
European Stocks Plunge Most since June on COVID and Money-Laundering Concerns
European stocks slid more than 3% on Monday and shares of the European companies extended losses into Tuesday trading as investors are showing concerns over rising coronavirus infections.
Shopify Stock Could Hit $1300 Mark, Goldman Sachs Predicts
Shopify stock price retreated sharply in the past two weeks after hitting all-time high of $1140 at the beginning of this month. The shares of internet services and e-commerce company plunged below the $930 amid the broader market selloff. However, the market analysts are seeing a significant upside potential in the days ahead for Shopify stock.
European Stock Markets: Second Coronavirus Wave Impacts Sentiments
The European stock market has extended the declining trend into the third consective trading session on Monday trading due to concerns over the second coronavirus wave. The World Health Organization warned that economic reopening and easing travel restrictions could spur a new coronavirus wave.
Salesforce Stock Offers a Buying Opportunity
Salesforce stock price drop is presenting an attractive buying opportunity for value investors as shares of software company plunged sharply in the past two weeks amid the broader tech market selloff.
European Stocks are in Red as Interest Rate Policies Impacts Sentiments
European stocks extended the downtrend in the second consecutive session on Friday as investors are showing concerns over the low-interest-rate policy. The fed has announced that it will keep interest rates in zero range in the next few years to support the employment level and economic growth.
Apple Stock has 25% Upside, Jefferies says
Apple stock price lost upside momentum this month amid the broader market tech selloff. However, the dip in shares of the largest tech company is presenting a buying opportunity for the long-term investors in Jefferies view. The firm has provided a price target of $135, indicating almost 25% upside from the current level.
European Stock Market Rally Fades as Fed Left Interest Rate Unchanged
European stock markets ended the four days winning streak as the US Federal Reserves has indicated that interest rate will remain low for a longer time. The Fed has kept its interest rate around zero range and hinted it to stay at the current level for the next three years.
Snowflake Share Price Soared 112% on First Trading Day, Here’s Why
Snowflake share price skyrocketed after pricing initial public offerings around $120. Its business model of running the data warehouse software company has gained retail and prominent investors’ confidence.