covid

  1. syamfx2020

    Why J&J stock slips despite strong Q3 earnings

    Johnson & Johnson (NYSE: JNJ) reported better-than-expected third-quarter financial results on Tuesday. The drugmaker raised its full-year guidance, saying it now expects per-share earnings of between $7.95 and $8.05, up from its previous forecast in July of between $7.75 and $7.95. "Our...
  2. syamfx2020

    Stimulus hopes sent Airline stocks up for second week in a row

    Airline stocks closed higher for the second consecutive week on Friday after the US President Trump urged $25 billion in relief for the industry. Overall, the momentum for Airline shares remained bullish throughout last week. Trump said last Tuesday that Congress should quickly extend $25...
  3. syamfx2020

    Cineworld dips 50% after decision to close its UK and US cinemas

    Cineworld (LON: CINE) shares plunged more than 50% on Monday after the company announced its temporary closure of 127 Cineworld and Picture house cinemas in the UK from Thursday, Oct 8 and 500 Regal cinemas in the US due to the pandemic. The closures will impact approximately 45,000 employees...
  4. syamfx2020

    European markets under pressure after spike in Covid-19 cases

    European equities and Euro remained under pressure as several European countries reintroducing fresh lockdowns. The EUR/USD slips to a new monthly low of 1.1730 on Monday and German DAX30 witnessed the largest daily loss since June 11th. The new Coronavirus cases across Europe and the UK now...
  5. syamfx2020

    AstraZeneca Covid-19 vaccine trial would resume shortly

    As per the recent update, the British biotech firm AstraZeneca (LON: AZN) would resume its trials for the experimental COVID-19 vaccine next week. On Tuesday, Pharmaceutical giant AstraZeneca suspended the late-stage trials after an illness in a study subject in Britain. The patient was...
  6. syamfx2020

    DAILY MARKET REPORT - Monday, Aug 31, 2020

    The number of coronavirus cases worldwide surpassed 25 million on Sunday, with 843,000 deaths. The US remains the most affected nation, closing in on 6 million infections, according to Johns Hopkins University research. The U.S., Mexico and Brazil represent more than 40% of the global death...
  7. syamfx2020

    Why shares of Moderna jumped 6% on Wednesday

    American Biotechnology firm, Moderna (NASDAQ: MRNA) shares closed in positive for the second consecutive day. The $MRNA stock closed more than 6% higher on Wednesday after the early data of its experimental COVID-19 vaccine showed comparable immune response between older and younger volunteers...
  8. syamfx2020

    Walmart climbed to new heights after biggest earnings surprise

    Walmart (NYSE: WMT) showed its continued growth during the pandemic, America’s biggest retailer announced better-than-expected second-quarter financial results on Tuesday. The company second-quarter results showed a U.S. comp-store sales increase of 9.3% over Q2 2019 and a 97% bounce in...
  9. syamfx2020

    $3 Trillion is not Enough; Reasons for USD sell-off

    In recent months, the Coronavirus pandemic, and the U.S – China trade tensions have hit the United States extremely hard and this has resulted in a 5% contraction in the first quarter of 2020. As per the International Monetary Fund (IMF) expected the official data showed on Thursday that the US...
  10. syamfx2020

    DAILY MARKET REPORT - Monday, July 06, 2020 - Covid-19 cases crossed 11.3 million.

    On Saturday, the World Health Organization (WHO) reported a record number of 200,000 new coronavirus cases, with the United States, Brazil and India showing the biggest increases. The number of people infected with COVID-19 across the world crossed 11.3 million, of which around 531,729 have...
  11. syamfx2020

    Covid-19 Second Wave: What does it mean to the economy?

    vid "We never made it out of the first wave," said Dr David Weber, medical director of hospital epidemiology at the University of North Carolina Medical Center. "A second wave implies that the first wave has disappeared and reappeared," said Loren Lipworth, an epidemiologist at Vanderbilt...
  12. syamfx2020

    Big three US automakers expected to restart on May 18 after COVID shutdown

    As we know the U.S. automakers were shut down in late March due to the coronavirus pandemic. Detroit's Big Three automakers – General Motors Co, Ford Motor Co and Fiat Chrysler Automobiles all plan to reopen North American factories on May 18. Here’s we are discussing these auto manufacturers’...
  13. syamfx2020

    DAILY MARKET REPORT

    After seven weeks of lockdown UK gradually lifts lockdown & returns to work. As of Wednesday, the UK recorded 33,186 deaths from COVID-19. Recently a new antibody test has been approved in the UK – the government expects this could be the key to easing the complete lockdown. On Wednesday, the UK...
  14. syamfx2020

    DAILY MARKET REPORT

    UK economy contracted its biggest fall since the 2008 financial crisis in the January-March period, with March GDP falling by a record pace due to the coronavirus pandemic. The GDP dropped 5.8% in March, the biggest monthly fall since the series began in 1997. While quarterly GDP beat...
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