Zoom (ZM) stock price is down around 6% after several privacy issues are discovered. The video conferencing company has faced a lawsuit in California and an investigation by the New York Attorney General.
Marriott International (MAR) stock is falling as the company had been hit by its worst customer data breach.
Alphabet (GOOGL) stock price has been topsy-turvy. This, however, doesn’t change the company’s profit outlook as investors expect increased demand due to the COVID-19 situation.
The Xerox-HP takeover bid has been suspended due to the COVID-19 situation. Yesterday, Hewlett-Packard (HPQ) stock lost around 3% and today it is falling in the pre-market.
With Europe turning as the epicenter of the COVID-19 outbreak, the European Central Bank has pledged $820 billion as part of the fiscal stimulus measures. Other central banks of France, U.K, and Germany are working on similar lines.
In addition to placing workers on furlough, Noble Energy will also reduce the planned capital spending for 2020 by $500 million and operating costs by at least $50 million. NBL stock was up 13.75% yesterday.
As COVID-19 continues to spread, technology stock prices have fallen in tandem with the general market. However, such tech stocks as MSFT and AMZN could also become the market leaders.
As gyms are closed, the demand for alternatives modes of working out has increased. And here comes Peloton that provides fitness solutions for at-home sports activities. Peloton (PTON) stock is expected to surge in the near future.
Five pharmaceutical companies across the globe lead the race in producing the first approved COVID-19 vaccine. Wall Street is likewise on alert for banking on the first company to produce an efficient one.
Tesla seems to be an all-weather stock. It could still remain a leading stock during this turbulent period for several reasons. Despite the recent fall, today TSLA is up.
General Electronic workers protest at the company’s headquarters after the announcement of a possible lay-off. However, GE stock shows a positive tendency.
Ford (F) stock price is unstable while the company is preparing to produce 50,000 GE ventilators in collaboration with Generic Electric to help coronavirus patients.
Facebook (FB) jumped 5.84%, approximately $9.16 yesterday, In the pre-market, it is still gaining and has reached $166,20. JPMorgan and JMP Securities have reduced their price target of the stock to $215, which reciprocates to approximately 30% gains.
Apple is going to bring new devices to consumers this year despite the coronavirus outbreak. The technology giant is using remote collaborations to achieve its goal of getting out new products before the end of the year. AAPL stock is up.
Tesla’s production line has been severely impacted by the rising COVID-19 cases in the U.S. and across the globe. Analysts are weighing different possibilities for its first-quarter deliveries. TSLA stock is unstable.