While all companies across all sectors can not boast of milestone achievements this year, the few highlights of top news is an indication that the year was not doomed after all and market analysts are projecting a better recovery and growth in the coming year 2021.
According to current data, the AstraZeneca PLC stock (LON: AZN) recorded about a 1.3% gain soon after the approval was finalized on top of the previous 3.3% gain.
As Wall Street predicts, the upcoming 2021 will be fruitful for Apple. Analysts expect the company’s revenue to increase to 15% in fiscal 2021 from 6% in 2020. Further, and profit growth is projected to double to 20%.
For asset managers including Skybridge Capital, an entry into the world of Bitcoin and cryptocurrencies will serve as a wake-up call for existing clients to have a positive disposition towards BTC as well as the new cryptos that will be supported.
The internal payroll data for 2018 included salary details for 80% of the firm’s almost 1,200 employees. The data revealed that women at Coinbase were paid 8% or an average of $13,000 less compared to their male counterparts.
Intel shares advanced on the 29th of December following Third Point’s letter to the chipmaker.
The FAANG stocks may also benefit from the incoming administration that may stall agreement on the antitrust and the break-up threats on some of the top US tech companies.
Being a major social media outlet, Snap has benefited from the coronavirus outbreak as more people opt to socialize through online platforms.
As per reports, eToro will be working with Goldman Sachs for going public. The reported plan of IPO comes after the platform registered phenomenal growth in 2020.
Reports showed that Mytheresa generated 6.4 million euros in the 2020 fiscal year, compared to $1.7 million euros raised in the previous year.
SAP acquired Qualtrics back in January 2019 for $8 billion thus halting the intended IPO.
Following the Bitcoin all-time high on Sunday, December 27, Riot Blockchain stock registered 20% gains on Monday’s trading session. The stock has already appreciated by 13x this year. Apart from BTC, investors of Bitcoin mining companies are making a bomb in the market.
With the money from Series E Round, the total funds raised by Graphcore total over $710 million. The company is expecting to have over $440 million of cash on hand post-closing to support future growth.
Tesla has announced its plans to enter the Indian market early next year, but not next month as Elon Musk previously noted.
The JPMorgan analyst lowered his price target for Nikola stock on execution risks related to a “tarnished brand.”