Merck has a reported market valuation of approximately $204.88 billion with 2.53 billion outstanding shares. The company’s leadership has opted to commit its resources towards developing coronavirus therapy drugs.
The shares of Google were also boosted by the corresponding redesign of the search engine to feature COVID-19 related data.
Philips however in a statement revealed that, even though its net profit for 2020 rose, it saw “uncertainty” this year due to the COVID-19 pandemic.
Besides being subjected to speculative traders, GameStop has experienced an increase in demand for its products since the onset of the coronavirus pandemic.
According to Chuck Carlson, CEO at Horizon Investment Services, the upcoming reports could help determine whether the resurgence in growth stocks will continue.
Trustly’s parent company, Nordic Capital, is working with Goldman Sachs, JPMorgan Chase, and Carnegie on the IPO. Besides, it is reportedly in the process of hiring more banks to launch the IPO in late April or early May.
Since it made its public debut, the meteoric rise in the shares of Palantir Technologies has sparked a debate in the potential overvalued positioning of the shares.
Virgin Galactic stocks enjoyed a profitable 2020 despite the coronavirus market disruptions and may have a bright future this year again.
Ford’s recent restructuring plan and electric vehicle push have brought new optimism among the investors. Besides, analysts are hopeful for a positive Q4 2020 earnings report which has pushed F stock to rally this week.
Analysts at Truist Securities initiated coverage of Airbnb stock with a below-market target price of $154 a share.
The shares of Fastly purportedly received the boost following bullish comments from the analyst.
Wall Street remains optimistic about the earnings reports of top tech companies coming next week. While tech leads Nasdaq, the market maintains caution on the hope of approval of the next stimulus bill. Unemployment insurance claims drop for the week ending January 16.
Apple (AAPL) stock has been performing excellently over the past months. The company has sustained increases as it launched new products.
Qualcomm’s market share in China fell to 25.4% in 2020 versus 37.9% in 2019.
Netflix recorded revenue of $6.64 billion in the past three months versus Wall Street estimates of $6.63 billion and Netflix’s forecast of $6.57 billion.