As the Reddit-fueled frenzy slows down, investor confidence in the broader market seems to be restored again thanks to the tech giants like Amazon and Alphabet whose earnings report suggests phenomenal growth during Q4 2020.
Alphabet (GOOGL) stock enjoyed a profitable 2020 as they jumped approximately 32.77% during the year.
Pfizer raised its earnings guidance for the 2021 fiscal year noting that its revenues will range between $59.4 billion and $61.4 billion, with vaccine sales taking a prominent role in the achievement.
In the earnings report, Amazon also announced that Jeff Bezos would leave his post as the company’s CEO.
Following its halt in the trade of the shorted stocks last week, Robinhood has earned a strained public sentiment, which is reportedly going to strain its IPO plans.
Alibaba reported profitability for its cloud computing business amid its ongoing regulatory scrutiny by China’s State Administration for Market Regulation (SAMR).
Last year, Riot Blockchain stock experienced an astronomical rally. In the past twelve months, RIOT shares are approximately 1457.25% up. In the past three months, it rallied by 514.00%.
Telenor attributed the economic impact of the COVID-19 pandemic primarily to the decline in tourism and business travels.
BP CEO said that with the mass rollout of the vaccine, his firm had a positive outlook for the coming year.
With the coronavirus still being a direct threat to our normalcy, Snap stock remains with an upper advantage of rallying further in the coming quarters.
The Reddit community of investors who fueled the GameStop rally has shifted its focus to precious metal silver taking its price 7% higher to $29 per ounce.
The $1,200 price forecast from Piper Sandler’s analysts takes its backing from the evidential business potentials of the company.
After a week of heavy speculative trading, the market remained optimistic on Monday with liquidity concerns alleviating. The S&P 500 registered its best daily gains since November 24, 2020.
Currently, the key objective of Virgin Galactic is to complete the flight as well as “to test the remedial work that has been completed since the onboard computer halted ignition of the rocket motor.”
In 2021, it is expected that Moderna will to generate $11 billion in revenue from its vaccine.