Latest Articles
H&M Stock 1.5% Down Now, Its March-May Online Sales Jumped 36%, Retailer Is Recovering
By Darya Rudz
• 3 mins read
In the March-May quarter, H&M’s net sales dropped 50% from a year earlier to 28.7 billion crowns ($3.1 billion). But its online sales have increased by 36% in the period. The company’s stock price is down.
AZN Stock Up 0.68% Now, AstraZeneca to Deliver 400M Doses of COVID-19 Vaccine to Europe
By Darya Rudz
• 3 mins read
Within AstraZeneca’s agreement with Europe’s Inclusive Vaccines Alliance (IVA), France, Germany, Italy, and the Netherlands will accelerate the supply of the vaccine. AZN stock is up in the pre-market today.
Airline Stocks Plummet as Airline Industry Faces ‘Worst Year in History’
By Darya Rudz
• 3 mins read
According to the International Air Transport Association (IATA), airlines worldwide are expected to lose $84.3 billion this year because of the COVID-19 pandemic.
Bank Stocks Plunge after Fed’s Decision to Keep Near-Zero Interest Rates
By Darya Rudz
• 3 mins read
In a recent market rally, bank stocks were the biggest winners. But as investors are worried about the uncertainty around how much the economic decline will affect loans, bank stocks will not rebound as fast as shares of other sectors.
Fed Expects Near-Zero Interest Rates through 2022 and Will Keep Buying Assets
By Darya Rudz
• 3 mins read
According to the Federal Reserve, the U.S. economy faces “considerable risks” over the medium term. The Fed promised to maintain a near-zero level of interest rates and keep buying bonds.
F Stock Down 6%, Ford to Introduce All-Electric F-150 Pickup, Transit Van by Mid-2022
By Darya Rudz
• 3 mins read
Ford (F) stock plunged on Wednesday. It ended 6% down, at $6.81 per share. In the pre-market today, Ford shares are down as well.
Zara Owner Inditex Reports Q1 2020 Loss of 409M Euro despite Jump in Online Sales in April
By Darya Rudz
• 3 mins read
On the background of the pandemic, Inditex saw a 50% increase in online sales in Q1 2020. The peak was reached in April when Inditex online sales jumped by 95%. But the company said they are “not yet at normal levels”.
Cloudera (CLDR) Stock Soars Nearly 20% Following Takeover Bids from Private Equity Firms
By Darya Rudz
• 3 mins read
Following the report about takeover bids from private equity firms, Cloudera stock soared as much as 22% on Tuesday. At the close, Cloudera shares were 18.69% up, at $12.00.
There’s 10 Times More to Go with Tesla, Says Ron Baron after TSLA Stock Hits New Record
By Darya Rudz
• 3 mins read
Ron Baron’s statement came on “Squawk Box” after Tesla (TSLA) stock hit a new record at close on Monday. Currently, his company owns 814,595 SpaceX shares and 1.6 million Tesla shares.
AMZN Stock Soars to Record Valuation, RBC Raises Amazon Price Target to Street-High $3,300
By Darya Rudz
• 3 mins read
Calling Amazon the “structural winner” and the “best global play” coming from the COVID-19 pandemic, RBC’s Mark Mahaney raised his price target for AMZN stock from $2,700 to $3,300.