General Electric stock rally despite stock market slump
General Electric stock price bounced more than 4% after reporting stronger than expected results for the third quarter. The company has also optimized investor’s sentiments by providing a bright outlook for the final quarter and fiscal 2021.
Business restrictions knock European stock markets
European stock markets begin the new week with a bigger loss as shares plunged on fresh social distancing restrictions in the euro-zone. The wider than expected loss from German largest tech company SAP pulled out 7% of the value from the tech sector.
Twilio stock plunge on earnings, but fundamentals are strong
Twilio stock price slid slightly despite reporting stronger than expected results for the third quarter. The shares of the customer engagement platform fell amid trader's concerns over guidance for wider than expected loss for the final quarter this year.
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.
US Dollar Dips on Chinese Data, Riskier Currencies Soar
US dollar fell sharply on Monday after news that Chinese gross domestic product grew 4.9% in the third quarter, driven by robust industrial and retail sales growth. Asian currencies soared after the reports of acceleration in the Chinese economy.