In addition to placing workers on furlough, Noble Energy will also reduce the planned capital spending for 2020 by $500 million and operating costs by at least $50 million. NBL stock was up 13.75% yesterday.
Just when the global financial markets were in a state of turmoil, Bitcoin failed to prove itself as a “safe haven” for investors. After rising 40% during early 2020, BTC ended the Q1 2020 with 10% negative returns year-to-date.
As COVID-19 continues to spread, technology stock prices have fallen in tandem with the general market. However, such tech stocks as MSFT and AMZN could also become the market leaders.
The Dow Jones Industrial Average is expected to dip 700 points further on Wednesday, after falling over 600 points at the end of March. This comes as the White House predicts 100,000 to 240,000 coronavirus-related deaths in the United States
As gyms are closed, the demand for alternatives modes of working out has increased. And here comes Peloton that provides fitness solutions for at-home sports activities. Peloton (PTON) stock is expected to surge in the near future.
The U.S government has partnered Johnson & Johnson and Moderna to facilitate the production of the possible COVID-19 vaccine in large quantities.
Tesla seems to be an all-weather stock. It could still remain a leading stock during this turbulent period for several reasons. Despite the recent fall, today TSLA is up.
General Electronic workers protest at the company’s headquarters after the announcement of a possible lay-off. However, GE stock shows a positive tendency.
Ford (F) stock price is unstable while the company is preparing to produce 50,000 GE ventilators in collaboration with Generic Electric to help coronavirus patients.
Facebook (FB) jumped 5.84%, approximately $9.16 yesterday, In the pre-market, it is still gaining and has reached $166,20. JPMorgan and JMP Securities have reduced their price target of the stock to $215, which reciprocates to approximately 30% gains.
Apple is going to bring new devices to consumers this year despite the coronavirus outbreak. The technology giant is using remote collaborations to achieve its goal of getting out new products before the end of the year. AAPL stock is up.
Tesla’s production line has been severely impacted by the rising COVID-19 cases in the U.S. and across the globe. Analysts are weighing different possibilities for its first-quarter deliveries. TSLA stock is unstable.
On Monday, the broader markets surged upwards while putting aside the concerns of the rising coronavirus cases. With Monday’s surge, the Dow is now 20% up from its COVID-19 sell-off low of 18,500.
Bitcoin and Ethereum are two of the most famous cryptocurrencies. During the fall of the markets, they fall especially loudly. Is this the ‘store of value’ power we’ve been hearing about for years? But only oil perform worse these days.
Microsoft (MSFT) stock rose by over 6% to trade at $159.99 on March 30. The spike is attributed to a 775% rise in the Microsoft Cloud services usage, as more people stay at home amidst coronavirus outbreak.