Tencent (TCEHY) stock is aiming to break above the 2018 and all-time high of around $58. The rise is bolstered by the strong balance sheet in the first three months of 2020.
Sony (SNE) stock is down nearly 5%. The company reported a 57% drop in fiscal fourth-quarter operating profit but claims PlayStation 5 is still on track for the 2020 holiday season.
Inovio (INO) stock was jumped 8% yesterday, is in the green now after the company released its fiscal Q1 earnings report, while it is working on a coronavirus vaccine.
Tesla (TSLA) stock price fell slightly yesterday as the automaker reopened its Fremont factory despite lockdown orders.
As Twitter has explained, its employees can work from home “forever” as remote working has proved to be efficient. Therefore, it’s up to the staff to decide how they will work after the pandemic ends.
Pfizer (PFE) stock lost 1.94% yesterday but is slightly up today in the pre-market. The company is anticipating to test a COVID-19 vaccine in thousands of people by September.
As per the industry report, Uber and Grubhub are reportedly in talks of possible takeover deal as Uber looks to expand its footprint in the U.S. food delivery market. This acquisition can possibly help Uber to win 55% of the market share.
Moderna (MRNA) stock has more than tripled in value since the beginning of the year but has lost 6.80% on Tuesday. Moderna CEO Stephane Bancel said no single manufacturer can make enough coronavirus vaccine doses for the planet.
As Gilead Sciences has said, the 127 countries on the remdesivir distribution list vary from low- to high-income countries. All of them face barriers in getting healthcare access. Meanwhile, now GILD stock is up after falling 3.53% yesterday.
JPMorgan upgraded AbbVie (ABBV) stock to Overweight from Neutral. The price target was raised to $105 from $85. The current stock price is around $91.
Citi’s Jason Bazinet repeated his Buy rating on Alphabet shares while lifting his target for the GOOGL stock price to $1,600, from $1,400.
Tesla CEO Elon Musk reopened the company’s factory in Fremont, California, and said that he would be on the line, ready to be arrested.
Despite a slight decline, some analysts believe that new peaks for Tesla stock price are on the horizon. The company may soon move the headquarters out of California, which will save millions of dollars for Elon Musk in taxes.
Spotify’s new Group Session feature offers real-time collaboration when people are gathered together. It supports up to 100 users. SPOT stock rose on Monday.
Shanghai Disneyland has reopened after China declared reopening its economy after the pandemic. In the upcoming week, Disney will gradually get back to welcoming visitors to other resorts. DIS stock is in the red.