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.
Last Friday, Facebook (FB) stock went down 8.3% following ad boycott leaving the stock at $216.08. Today, as the market opened FB, is 0.33% up, at $238.33.
U.S. based pharmaceutical giant Amgen wins Appeal Court ruling upholding the patent of its drug Enbrel, Amgen (AMGN) stock jumped by 8% yesterday.
Pinterest (PINS) stock closed yesterday at $23.28 after adding 5.05% and in the pre-market is 2.71% up. The spike was attributed to the news that Facebook wants to shut down its Hobbi app.
Tesla (TSLA) stock prices are at an all-time high. Meanwhile, Elon Musk is on course to become one of the highest-paid CEOs in the auto industry.
FedEx surprises Wall Street with better-than-expected Q2 results despite the coronavirus pandemic strike. The major crash in the company’s B2B services was offset with the strong growth in B2C services.
While Tesla has exceeded Toyota on market value, it is still falling behind the Japanese company by a wide margin on actual car production. Tesla stock closed at $1,119.63 on July 1. After-hours, it added another 1.55% to reach $1,137.00.
Online video streaming demand has surged in India amid the novel coronavirus-induced lockdown, and Netflix is benefitting from the change despite its premium pricing structure. NFLX stock is in the green.
The stock market continues to stay hopeful with new developments in COVID-19 drug vaccines and strong U.S. manufacturing activity for the month of June.
Following the positive news, Pfizer and BioNTech shares managed to jump 5% and 2.2% accordingly on Wednesday. PFE closed with a 3% rise while BTNX lost 4%.
Following Tesla’s progressive growth, TSLA stock now has all chances of being included in S&P 500. This has become known from a leaked email.
The stock of Inovio Pharmaceuticals is down 23% now despite the company’s announcement of a positive result from its INO-4800 clinical trials.
While in Q2 2020 the stock markets have managed to rebound considerably well after a major correction in Q1 2020, the Fed Chairman and Treasury Secretary warned that failing to control the rising COVID-19 cases can put major pressure on the U.S. economy.
With North, Google hopes to make a more prominent contribution to an AR space. Following the news, Google parent Alphabet’s stock closed with a 1.49% rise.