stock market

  1. syamfx2020

    Tech earnings

    Tech stocks Intel (NASDAQ: INT) and IBM (NYSE: IBM) reported Q4 financial results on Thursday. Intel Q4 earnings and revenue beat the Wall Street estimates while IBM posted mixed results. “Intel is in a strong strategic and financial position as we make this leadership transition and take...
  2. syamfx2020

    Are you ready for big banks Q4 earnings?

    The banking giants JPMorgan Chase (NYSE: JPM), Citigroup (NYSE: C) and Wells Fargo (NYSE: WFC) will release its fourth-quarter results on Friday before the bell. All three banking stocks closed higher on Thursday ahead of the earnings announcement. JPMorgan shares climbed...
  3. syamfx2020

    NIO, the Chinese version of Tesla soaring to new heights

    On Monday, the Chinese electric automaker NIO Inc – ADR (NYSE: NIO) shares rose 8% higher and hit new all-time-high following the company launched mass production of new electric car on Saturday. NIO has unveiled its latest electric sedan model, and the car could go as far as 1,000km on a single...
  4. syamfx2020

    Weekly Economic and Earnings Calendar 11/01/2021 – 15/01/2021

    The economic calendar for this week is quite light. While there are some important economic events and bank earnings to watch this week.
  5. syamfx2020

    5 IPOs to watch out for this week

    In 2020, the financial market has seen the highest IPO capital raising activity in a decade, with USD 331 billion raised across 1,591 listings – a 42% increase compared to 2019. Some of the notable IPOs in 2020: Airbnb Inc (NASDAQ: ABNB) DoorDash Inc (NYSE: DASH) Snowflake Inc (NYSE: SNOW)...
  6. syamfx2020

    Micron earnings beat estimates; Stock hits new 52 week high

    "Micron delivered outstanding fiscal first-quarter results, driven by focused execution and strong end-market demand," Micron CEO, Sanjay Mehrotra said. The memory chip maker Micron Technology (NASDAQ: MU) reported better-than-expected earnings for its fiscal first quarter on Thursday after the...
  7. syamfx2020

    Wall Street set to open lower ahead of runoff elections in Georgia

    Wall Street set to open lower on Tuesday as the uncertainty over US Senate elections continues. On Monday, US stocks ended lower, the S&P 500 and the Dow posted their largest daily percentage falls since late October. Meanwhile, since the US election the Wall Street climbed to record highs...
  8. syamfx2020

    Weekly Economic and Earnings Calendar 04/01/2021 – 08/01/2021

    Global markets started the year on a strong note while the bulls failed to keep the momentum. Moving ahead there are important economic events and earnings to watch this week.
  9. syamfx2020

    Apple stock enjoys Santa Claus Rally

    Apple (NASDAQ: AAPL) stock climbed to near the all-time highs on Tuesday. On Tuesday, the stock closed 5% higher supported by the company reportedly wants to increase iPhone production by roughly 30% year over year. The Apple stock rallied more than 70% in 2020. As per the recent report...
  10. syamfx2020

    Wall Street top 5 winners and losers of 2020

    Wall Street and market participants witnessed a volatile 2020. Almost every stock rebounded from the March low and US indices climbed to record highs. During the first quarter of 2020, the stocks plunged due to the coronavirus pandemic. Here are the 5 best performing US stocks so far in 2020...
  11. syamfx2020

    DoorDash IPO delivery arrives on Wall street

    DoorDash, the US largest food delivery company shares began trading on Wednesday on the New York Stock Exchange (NYSE) under the ticker DASH. The opening price was $ 182, about 80% higher than the public price of $ 102, and ended the session at $ 189.51. The company with a market value of $ 15...
  12. syamfx2020

    Zoom shares fell despite strong Q3 earnings

    Zoom Video Communications (NASDAQ: ZM) reported better-than-expected third-quarter financial results on Monday. During the previous quarter, the company revenue surged by 355% and especially in the Middle East and Africa saw revenue growth of 629%. While its operating profit for the quarter was...
  13. syamfx2020

    Gap stock slips 20% after earnings miss estimates

    The American clothing retailer Gap Inc (NYSE: GPS) announced third-quarter financial results after the market close on Tuesday. The company last quarter earnings came below the Wall Street expectations and the revenue for the quarter fell 0.2% to $3.99 billion from $4.00 billion last year, while...
  14. syamfx2020

    Coronavirus vaccine: AstraZeneca join the lead

    British Pharmaceutical giant AstraZeneca (NASDAQ: AZN) reported the late-stage trials showed its COVID-19 vaccine was highly effective. AstraZeneca became the third pharmaceutical firm to report its effective coronavirus vaccine, only a few days after US biotech firms Moderna and Pfizer said...
  15. fullertonmarkets

    Is the Stock Market in a bubble? Or is it on fire?

    The stock market isn’t a bubble, but parts of it are on fire. So far in 2020, the NYSE FANG+ index of giant technology stocks is up 78%. The Renaissance IPO ETF, IPO 1.44% an exchange-traded fund that holds recent public offerings, is up 84%. The SPDR S&P Kensho Clean Power ETF, CNRG 1.68%...
  16. syamfx2020

    Weekly Economic and Earnings Calendar 23/11/2020 – 27/11/2020

    This week US markets going to be quite with the holiday on Thursday and a half-day on Friday due to Thanksgiving. The key events and earnings to watch
  17. syamfx2020

    McDonald's posts strong Q3 earnings boosted by drive-thru sales

    The world's largest burger chain McDonald’s (NYSE: MCD) reported better-than-expected third-quarter financial results on Monday. The strong Q3 results boosted by the drive-thru and online sales as more customers using the drive-thru and delivery options. Earnings per share: $2.22 vs. $1.90...
  18. syamfx2020

    Xilinx stock jumps on $35 billion acquisition deal

    Xilinx (NASDAQ: XLNX) share jumped over 15% on Tuesday after Semiconductor designer Advanced Micro Devices (NASDAQ: AMD) announced it will buy FPGA maker Xilinx in a $35 billion all-stock deal, while AMD's stock slipped about 4%. The acquisition is expected to close by the end of 2021, after...
  19. syamfx2020

    DAILY MARKET REPORT - Monday, Oct 26, 2020

    Global markets trading lower on Monday as investors remain concerned about a fresh spike in the number of coronavirus cases and a number of restrictions imposed mainly by European countries. Europe reported more than 1.3 million new cases this past week, its highest single week count yet...
  20. syamfx2020

    DAILY MARKET REPORT - Friday, Oct 23, 2020

    US Airline companies American Airlines (NASDAQ: AAL) and Southwest Airlines (NYSE: LUV) reported third-quarter financial results on Thursday. Both the airline company shares closed higher on Thursday after narrower than expected earnings. American Airlines' stock climbed 3% higher while...