Zoom Video Communications (ZM) stock jumped over 11% today. This comes as the company recorded 300 million daily users, up 50% from the beginning of April even as the company battles a privacy backlash and faces competition from Google Meet.
PayPal (PYPL) stock rose 7.11% while Square (SQ) stock rose 6.20%, on what is being attributed to the massive coronavirus stimulus bill that is making its way through the Congress.
Credit Suisse (CSGN) stock price is down. Meanwhile, the bank has released its first earnings report after the spying scandal and the resignation of its former CEO.
Apple’s latest affordable handset offering comes just at a time when the global markets and consumer spending has gone lower. The new iPhone SE comes with powerful hardware similar to the iPhone 11 along with several other features. AAPL stock is up now.
Analysts predict Facebook has seen its year-over-year earnings grow on higher revenues for the first fiscal quarter of this year that ended in March. Therefore, FB stock is rising.
Microsoft (MSFT) stock price gained around 3% yesterday but is slightly down today in the pre-market. The company’s earnings are expected to grow by about 20% this quarter.
In a recent survey by Morgan Stanley, investors have shown their willingness to put more trust in Tesla over other giants like General Motors and Toyota. Tesla (TSLA) stock gained over 6% yesterday.
Virgin Galactic chairman Chamath Palihapitiya raised $720 million for a new blank-check firm. It is 20% more than it was expected earlier.
Tesla (TSLA) stock price fell drastically yesterday following the oil prices. Some experts think this may be the beginning of the end for the automaker. However, today TSLA is in the green.
Roche sales in Q1 rose 7% to 15.1 billion Swiss francs ($15.57 billion), with drugs business revenue up 7% and diagnostics rising 5% at constant exchange rates. Roche (RO) stock is in the green.
Pinduoduo (PDD) stock rose by 1.66% to trade slightly above $50 on April 21. The U.S.-listed Chinese company is becoming a fast-growing rival to Alibaba and JD in China.
United Airlines has reached out to the U.S. government requesting $4.5 billion in loans to keep their operations floating. The airlines operator has also offered the government a higher stake in the company with a fresh stock offering.
According to Facebook, the aim of the investment in Jio Platforms is to create “new ways for people and businesses to operate more effectively in the growing digital economy.” FB stock is rising in the pre-market.
Snap (SNAP) stock jumped over 20%, from trading at $12.44 to $15. The surge is attributed to a strong growth of revenue and daily users recorded in the first quarter.
iPhone shipments are going to drop by 20-25% this year despite the launch of a new budget iPhone SE. Such a situation could change the way Apple is doing business. AAPL stock price lost 3% yesterday.