The proposed stock splits of Apple (AAPL) and Tesla (TSLA) could drive future growth up to about 33%.
Both Tesla and Apple are beginning stock split trading today, giving investors the opportunity to access additional shares in the companies.
Berkshire Hathaway chairman and CEO Warren Buffett announced that his company has purchased a 5% stake in five Japanese trading companies: Itochu, Marubeni, Mitsubishi, Mitsui & Co, and Sumitomo.
The U.S. tech companies have witnessed a mammoth growth over the last decade. The coronavirus pandemic has added more fuel to its growth and the tech sector valuations soar above $9.1 trillion with Apple leading the pack.
All three major U.S. stock indexes ended the week higher than last Friday’s close, which represents the fifth consecutive weekly gains for the S&P 500 and the Nasdaq.
Amid gains of other fintech companies, Square stock has now added nearly 150% in its year-to-date record, rising with other fintechs.
The biggest winners of Thursday were bank stocks, which saw positive results across the board. Big Tech stocks, meanwhile, fell considerably.
Abercrombie & Fitch (ANF) shares shot up by 8.09% on Thursday, adding 90 cents to close at $12.03. Today the stock price is up in the pre-market.
The e-commerce retail giant Walmart is the new player in the race for acquiring the Chinese social media platform TikTok. However, Walmart will be joining Microsoft in the bid for TikTok. Walmart sees a massive opportunity in integrating TikTok’s audience to its e-commerce retail business.
Xpeng (XPEV) stock price jumped over 41% at the end of the first trading day and is up 7.59% in the pre-market today.
With the new approach to inflation, the Fed aims to support the labor market and broader economy by keeping interest rates lower for a longer period of time.
Electric vehicle stocks are climbing consistently, with Tesla hitting a market cap over $400 billion, which also increased Elon Musk’s net worth.
Amazon (AMZN) stock jumped 2.85% on Wednesday but today the stock is down. The company announced that it had opened its first Amazon Fresh grocery store in Los Angeles, with many more anticipated to be opened in different places to compete with Walmart.
Salesforce (CRM) stock recorded a 26.04% increase yesterday to close the day trading at $272.32. The rise is highly attributed to the better than expected fiscal 2021 second-quarter results.
As Netflix and Roku reported a good revenue performance in the first half of 2020, Wall Street analysts and investors expect the shares from both of them to continue with the uptrend.