Virgin Galactic (SPCE) now has new Chief Executive Officer and Chief Space Officer. SPCE stock is in the green.
Despite the COVID-19 slowdown, IBM managed to deliver better-than-expected results for Q2 2020. The company said that many small businesses that were using IBM’s services have turned cash conservative and now want to spend less.
Amazon has revealed a delay in its annual Prime Day sales. It will however hold the event for Prime subscribers in India in August. Meanwhile, AMZN stock managed to gain almost 8% yesterday and is up now.
In its outlook, UBS warned that continued group credit losses could be expected in the second half of the year due to the coronavirus pandemic, but said these would be below those seen in the first half, especially in Q2.
Jim Cramer said that he has never seen any stock performance like Microsoft, Tesla, and Amazon stocks have these days.
Data from AstraZeneca’s clinical trials of its COVID-19 vaccine candidate AZD1222 shows promising results but AZN share price has refused to be positively impacted.
The tech sector continues to drive market optimism despite the rising COVID-19 cases. Amazon has been the biggest beneficiary of government lockdown as the platform’s consumer spending has surged 60% year-over-year since the end of April 2020.
AMZN stock had a quite disappointing week but today it is in green again. Amazon is expected to release the Q2 earnings report on July 23 and analysts anticipate it as a catalyst to a new wave.
Her Majesty’s Government has ordered 90 million doses of Pfizer COVID-19 vaccine candidate which became a stimulus for the PFE stock price rise. Moreover, the UK is going to be a worldwide leader in the search for a working vaccine.
Following the company’s announcement about the success of its COVID-19 vaccine, Synairgen stock has increased significantly. Now it is nearly 470% up.
Philips reported a Q2 net income of $229 million. On a per-share basis, profit was 25 cents. Earnings, adjusted for one-time gains and costs, came to 39 cents per share. PHIA stock is rising.
Shares in homegrown rubber glove manufacturer Top Glove Corp spiked more than 400% year-to-date while the company created more job opportunities during the pandemic.
Moderna (MRNA) stock price is rising. The rally is fueled by the company’s announcement that its COVID-19 vaccine candidate produced neutralizing antibodies in all 45 participants.
Sanofi is looking at potential acquisitions of U.S. biotechnology companies including Principia Biopharma, as it looks for innovative treatments for clinical areas including multiple sclerosis and immune disorders. PRNB stock price is up.
Volvo said that the COVID-19 outbreak has severely disrupted the company’s production output and supply chain. However, the company’s overall business with trucks, buses, engines, and construction equipment remained overall profitable.