Tesla (TSLA) stock is in the green now. Tesla, GM, and Ford have been given the go-ahead to ramp up the production of ventilators used in the treatment of coronavirus patients.
While Google is working on its COVID-19 website, Alphabet (GOOGL) stock is trading in the red. Now its price is around $1036 per share.
Johnson & Johnson (NYSE: JNJ) stock lost 5.64% on Friday and is 2.33% down today. The company’s CEO Alex Gorsky reassured that the company will have important data by the end of the year to offer a coronavirus vaccine.
Disney (DIS) stock price is falling due to the poor performance of its “Onward” movie. COVID-19 is causing disruptions in the entertainment industry apparently. Meanwhile, Disney+ is launching in Europe.
The fiscal stimulus bill presented by the Trump government failed to receive a key Senate vote and was halted from passing. The Democrats said that the bill did little to help out workers and more to bail out companies.
Amazon (AMZN) stock looks rather attractive for investors these days. The main reason for this is the tenacity that it has shown in the fight with the coronavirus effect on the market.
Bitcoin price is down 12.5%, S&P 500, Nasdaq indexes as well as companies like Berkhire Hathway has also lost significantly since the beginning of the year. Oil war adds fire to the financial crash party.
United Airlines (UAL) stock is said to have good chances to rise after the COVID-19 situation is over. Today it is fully in the green.
While Tesla (TSLA) stock has corrected 60% in just over a month’s time, its valuations look to be attractive. With strong fundamentals in place, the stock could be a potential buy for the long term.
Michael Walkley from Canaccord Genuity lowers his Apple (AAPL) stock price target from $345 to $300. Also, he is reiterating the buy rating. Per Walkley, people dive in calculations regarding how coronavirus will impact the mobile phone market.
The S&P 500 closed Thursday nearly 27% below its February high, meaning it took just a matter of weeks for a bear market to roll around. Microsoft fell as well. This month, MSFT is lower by 24%. But yesterday, it started gaining again.
Top-five tech companies (Amazon, Apple, Alphabet, Microsoft and Facebook) have corrected anywhere between 25-30% over the last month’s global market crash. These companies have entered an official bear market after leading the 11-year bull market after the 2008 financial crisis.
Amazon’s business appears to be thriving these days. At the same time, hovering around $1,800 per share, Amazon (AMZN) stock is down about 17% from its recent high.
Dow Jones futures and S&P 500 futures have changed little this morning, while Nasdaq futures rose modestly after California issued a “stay-at-home” order to slow the Covid-19 spread.
Let’s have a closer look at Gilead Sciences Inc (NASDAQ: GILD) and Moderna Inc (NASDAQ: MRNA) stocks as the companies are working on possible coronavirus vaccine.