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Facebook will provide free advertisements to the World Health Organization as it seeks to ensure users are not misinformed about the coronavirus. FB stock was down yesterday but started to grow in the premarket.
An Amazon employee in Seattle tested positive for COVID-19. Amazon stock (AMZN) lost over 2% on Tuesday but started gaining again in the premarket.
JMP said its new price target of $1,060 for Tesla (TSLA) stock, is one of the highest on Wall Street and implies earnings multiple that “may seem excessive”.
Inovio plans to start a clinical trial of its coronavirus vaccine in the U.S. next month with the thought to expand to China and South Korea shortly thereafter.
Without a doubt, investors should brace themselves for more declines in Microsoft (MSFT) stock as the coronavirus rages on. But for investors with a longer-term view holding on to this software giant should prove to be a smart move.
Led by U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell, a G-7 call will be devoted to the discussions of the coronavirus outbreak and its economic impact.
Apple played a significant role in Monday’s historic rally. Shares of the iPhone maker soared 9.3%. It was the AAPL stock’s largest one-day move in more than 11 years.
The market bounce at the beginning of the week was partly driven by expectations that the Federal Reserve would step in to mitigate the coronavirus impact by cutting the key interest rates.
Amazon (AMZN) stock failed last month’s breakout above 18-month resistance. Even so, it could make a final stand at rising trendline support near $1,850, which has narrowly aligned with the 200-day EMA.
Once a month, one billion XRP coins get unlocked from Ripple’s escrow wallet, which ensures that the company’s large stash of the cryptocurrency (over one-third of the total supply of the asset) does not get depleted too fast.