While Apple stock has corrected nearly 32% in just the last month, analysts point out at its strong fundamentals and multiple revenue streams and say it is a good bet at the existing valuations.
Nike reported quarterly earnings that have topped analysts’ expectations boosted by the company’s digital business and its success in North America. Nike stock is over 10% up today.
Virgin Galactic Holding Inc (SPCE) shares rose by $3.35, approximately 25.83% yesterday. The rise is attributed to the positive rating by Morgan Stanley analyst Adam Jonas.
Microsoft (MSFT) is a promising stock to invest in now. Over the last four quarters, the company’s earnings growth has been impressive, ranging from 20% to 37%.
It was a relief to the Dow Jones and the stock market at large when the White House and the Senate agreed on a deal regarding the coronavirus stimulus bill.
Disney (DIS) stock price has risen as the entertainment company has launched its streaming service in seven European countries. This has also excited investors at a time when confidence is low.
Tesla (TSLA) Stock price is up. There are several reasons to think that the automaker will do well during these chaotic times.
As Moderna’s CEO Stephane Bancel said, COVID-19 vaccine mRNA-1273 could be first available to a select group of healthcare workers, under emergency use authorization. MRNA stock is up in the premarket.
Boeing (BA) shares surged more than 11% at the market close and reached at $105.62 on March 23. The company announced that it would shut down production at its Seattle area factories for at least two weeks.
Netflix (NFLX) stock rose by over 8% following an upgrade to outperform from neutral by Baird Equity Research. The firm said the rise of cord-cutting could be compounded through the coronavirus crisis and provide a bigger boost to Netflix.
Amazon stock has revamped 3.07% at the market close on March 23. In the pre-market, its price is $1,970. The company is set to deliver and pick up at-home test kits which are provided by gates foundation in Seattle.
Hasbro (HAS) shares jumped more than 12% and its CEO Brian Goldner said on CNBC that the company was seeing strong demands for its products. He believes that by April the production will be fully caught up.
Zoom Video Communications is one of the winners in coronavirus time. On Monday, ZM stock skyrocketed by 22.22% to reach $159.56.
The FED’s Jerome Powell and Secretary of Treasury Steven Mnuchin announced insane stock buyout. They want to support the economy to deliver relief to small businesses. They implement a zero rate on repo operations to make sure the bank has short-term funding.
The schedule for the iPhone 12 release is fall 2020. However, it may change because of the current situation with the coronavirus outbreak that affects markets. Today, Apple (APPL) stock dropped.