JMP said its new price target of $1,060 for Tesla (TSLA) stock, is one of the highest on Wall Street and implies earnings multiple that “may seem excessive”.
Veteran analysts from Wall Street warn investors that we are at the brink of the next economic recession and it could be possibly worse than the 2008 financial crisis.
At 7.30 p.m. EST, the U.S. stock market indexes were up, and futures started soaring. By the moment of writing, Dow futures have already gained around 400 points.
Inovio plans to start a clinical trial of its coronavirus vaccine in the U.S. next month with the thought to expand to China and South Korea shortly thereafter.
Costco stock is directly poised to enjoy a heavy surge in related supplies as the coronavirus outbreak causes people to start bulk buying.
Virgin Galactic is looking beyond space tourism to completely change the face of transportation entirely. The price of SPCE stock is growing.
While many stocks are taking a big hit because of the coronavirus, the following 5 are some that are set up to benefit from the outbreak. Let’s have a look at them.
Without a doubt, investors should brace themselves for more declines in Microsoft (MSFT) stock as the coronavirus rages on. But for investors with a longer-term view holding on to this software giant should prove to be a smart move.
Apple played a significant role in Monday’s historic rally. Shares of the iPhone maker soared 9.3%. It was the AAPL stock’s largest one-day move in more than 11 years.
Despite the massively weakening demand in the European market, the TSLA stock surged 11% on Monday beating down the bears. Reportedly Tesla is focusing on strengthening its position in the North American market.
As the U.S. 10-year Treasury yield has fallen to a new low, many analysts believe that an economic recession is likely to happen. Investors are looking at bonds as a haven.
Apple stock fell almost 7% on Friday because of the coronavirus. However, AAPL recovered a huge chunk of its loss in no time. Today it is also up.
As major biotech companies try to create a proper coronavirus vaccine, the following stocks just might be strong enough to hedge against the current financial plunge.
Amazon (AMZN) stock failed last month’s breakout above 18-month resistance. Even so, it could make a final stand at rising trendline support near $1,850, which has narrowly aligned with the 200-day EMA.
Dow Jones futures rose early Monday, along with S&P 500 futures and Nasdaq futures, after initially plunging Sunday. TSLA stock has also started growing in the premarket.