The U.S. stock market made positive moves after major correction last week. Airline stocks lead the way as the U.S. Federal Aviation Administration starts a three-day compliance test for Boeing’s 737 Max.
Wells Fargo expects to announce the new dividends when it will report quarterly earnings on July 14. The company’s previous quarterly common stock dividends were 51 cents per share.
lululemon athletica noted its plans to buy MIRROR by way of a press release, noting that it hopes to close the sale by the end of the second fiscal quarter of this year.
Companies are continuing to sign onto a Facebook advertising boycott. Ford and Adidas are among the latest. So far, none of the advertisers are in the top spenders on Facebook this year. FB stock is in the green.
Gilead Sciences (GILD) stock is slightly down after the company set the Remdesivir price for developed countries at $390 per dose. Privately insured patients will be charged $520 per dose.
Ozon is the only retailer that Amazon has shown consistency in its interest to participate in its life.
The World Health Organization highlighted the progress of AstraZeneca seeking for the COVID-19 vaccine. UK-based company has moved to the human trial stage. Moderna is not far behind.
Due to the COVID-19 pandemic experts believe that Tesla Q2 results will be pure than in the first quarter. However, today TSLA stock is slightly up.
The campaign is affecting Facebook stock. On Friday, it plunged by 8.32% and closed at $216.08. In early trading today, FB shares are further down. At the moment of writing, Facebook stock makes up $210.10 per share or 2.77% down.
Big brands from different sectors have asked Facebook to amp up its actions to fight against the rising misinformation and hate speech on its platform. The companies have blamed Facebook for failing to act in this direction.
Despite the shutdown of Tesla’s main vehicle production facility in Fremont for the majority of the second quarter, the company stands good chances of finishing the second quarter in impressive fashion.
Microsoft has confirmed it is going to close its physical stores permanently to boost its virtual shopping store for its customers. MSFT stock is down today.
The new F-150 truck in both pure diesel and hybrid versions can be considered to be another booster for Ford stock. F stock was up yesterday and is in the green today in the pre-market.
Lemonade, which filed to go public earlier in June, announced on Thursday a price range of $23 to $26 for its public offering. The updated regulatory filing could mean a significant valuation hit for the insurtech firm.
The number of COVID-19 cases is rising again, and the companies working on the vaccine will likely further benefit from a cash flow into them. Vaxart, Inovio Pharmaceuticals, and Sorrento Therapeutics stocks are good examples of this advantage.