Samsung stock fell on Tuesday morning after the tech giant posted earnings guidance for the three months that ended in June. Operating profit likely rose almost 23% from a year ago.
Against the popular opinion, JPMorgan says that a win of Joe Biden in the U.S. Presidential Election 2020 could be a positive for the markets. JPMorgan predicts that his victory can ease tariffs on China and boost infrastructure spending.
Amazon (AMZN) stock is trading at over $3,000 now. Analysts say that the stock has enough power to move even higher soon.
Alibaba (BABA) stock is rising on the news of its “innovation base” in partnership with BMW. The companies are working to support tech startups in China.
Despite the drop in sales in Q2, Ford (F) stock is trading in the green with a 2% surge. Meanwhile, the company rolled out the marketing strategy for its new family of Bronco SUVs.
India’s fastest growing telecom giant Reliance Jio is posing a big competition to Zoom as it is launching its own video conferencing app JioMeet without any time-limits on the video calls.
Tesla (TSLA) stock jumped 5.5% in the pre-market. The company is diversifying its product range taking reservations for Cybertruck in the Chinese market.
On July 2, Johnson & Johnson (JNJ) stock closed 0.51% up, at $140.97 per share. In the pre-market today, it is 1.15% up, $142.59 per share.
Valued at $2.65 billion, the acquisition deal with Postmates will help Uber Eats to expand its network comprising of operation in about 6000 cities across 45 countries.
Tesla and CureVac are currently working together to build portable RNA printers which would help in the creation of a coronavirus vaccine.
Following the news, both Sanofi and GlaxoSmithKline stocks jumped. The latest closing price for Sanofi was $51.62. GlaxoSmithKline shares ended at $41.22 at the latest session.
Elon Musk decided to dig at TSLA short sellers who didn’t believe in the stock by offering Tesla short shorts that are available at the Tesla shop at $69.420. Notably, Musk is a fanatic of these digits as previously on his Twitter timeline he posted that he was born 69 days after 4/20.
Warren Buffett’s Berkshire Hathaway makes its first big investment during the COVID-19 economic crisis by acquiring Dominion Energy’s natural gas transmission and storage assets through Berkshire Hathaway Energy Division.
Tesla’s Q2 results beat street estimates as the stock surged a whopping 8% in the last trading session climbing all the way above $1200 levels. Tesla’s recent price surge has made it the most valuable global automobile toppling Toyota.
Intel Corporation has joined Facebook in acquiring a stake in Jio Platforms, a move that will help the companies get a soft landing in India’s 5G market. Intel stock is up.