As per Cramer’s analysis, the coronavirus outbreak has just accelerated the “work from home economy” and this could potentially benefit e-commerce giant Amazon (AMZN) in the long run.
Tesla (TSLA) stock was fully in the red on Monday as a result of oil price disputes between Saudi Arabia and Russia. But it remains number one among the most shorted stocks on the market.
While some stocks are seriously falling being affected by the current events in the world, Berkshire Hathaway stock may be the biggest winner.
Though the companies are trying to implement measures to stay strong amid the coronavirus outbreak, their stocks are still suffering. Apple (AAPL) stock was seriously down yesterday but started to gain after hours.
Global markets were in a massive state of turmoil on Monday as major indices, including Dow Jones and S&P 500, collapsed over 7% triggering circuit breakers and suspending trading on Wall Street for 15 minutes.
Shares of Tesla (TSLA) were down 12.01% at the opening today as the oil price war between OPEC and Russia alongside deepening coronavirus anxiety in the U.S. rattled investors.
Calling the coronavirus pandemic as an “unprecedented moment”, Apple boss Tim Cook asked employees to work remotely. The virus outbreak has sent tremors all across Wall Street. Trading on U.S. exchange closed for 15 minutes on Monday market opening.
Oil market prices plunged when OPEC and its allies failed to reach an agreement on production cuts. All the markets, including stocks, currencies and cryptos are falling.
Dow Jones has lost over 1,880 points due to a row of factors including Saudi’s oil price slash as well as the coronavirus that is quickly spreading. More bleeding is expected.
James Anderson, a major investor in Tesla Inc. said the company is better run after independent directors were appointed to supervise Elon Musk. But today TSLA stock is in red.
During the meeting in Vienna on Friday, Russia, Saudi Arabia and other OPEC participants were talking about the oil price and possible decrease of supply. Bitcoin price is down.
With 95% of Facebook (FB) revenue generated through the ad system, the coronavirus has negatively affected the FB stock value. Facebook is, in turn, trying to preserve its reputation by free WHO service.
At the moment, Inovio (INO) is probably the best performing stock among the biotech companies, with over 300% gains. Let’s take a look at the reasons why this is so.
Ripple’s XRP market price dipped down nearly 10% over the weekend after Bitcoin and Oil prices nose-dived as a result of the global coronavirus outbreak.
The Dow Jones Futures dropped Monday morning. This comes are investors are bracing for more bad news about COVID-19.