stock market

  1. syamfx2020

    Weekly Economic and Earnings Calendar 12/10/2020 – 16/10/2020

    A busy week ahead as investors keep an eye on the Q3 bank's earnings season, EU meeting, US retail sales, and CPI. Earnings to watch Wells Fargo, JP Morgan, Bank of America, Infosys, Delta airlines, Citi group.
  2. syamfx2020

    Stock to watch - IBM

    IBM (NYSE: IBM) shares closed 6% higher on Thursday after the IT giant announced to spin off its IT infrastructure unit into a new publicly-traded firm. The new company will have 90,000 employees with a new name by the end of 2021.
  3. syamfx2020

    DAILY MARKET REPORT - Thursday, Oct 08, 2020

    The stock market continues to be volatile going up and down. On Wednesday, Wall Street ended higher after President Trump appeared to soften his stance on a further stimulus package for American households, airlines, and small businesses. On Tuesday, the stocks fell following President Trump...
  4. syamfx2020

    Ant’s IPO could surpass Saudi Aramco

    Chinese fintech and payments giant the Ant Group is going to IPO in October. It aims to raise up to $35 billion in Hong Kong and Shanghai at over a $200 billion valuation. Ant’s IPO could surpass Saudi Aramco’s US$29.4 billion IPO last December as the largest ever. Ant is the parent company of...
  5. syamfx2020

    Weekly Economic and Earnings Calendar 05/10/2020 – 09/10/2020

    Important economic events this week: RBA rate decision, Fed meeting minutes, UK GDP and US jobless claims. Earnings to watch: Levis and Domino's
  6. 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...
  7. syamfx2020

    Pepsi Co Q3 financial results beat Wall Street estimates

    PepsiCo(NASDAQ: PEP) shares closed almost 2% higher on Thursday after the company Q3 financail results exceeded Wall Street estimates. EPS $1.66 $1.49 expected Revenue $18.09B $17.23B expected
  8. syamfx2020

    Why $BBBY stock jumped 30% on Thursday

    The home goods retailer Bed Bath & Beyond (NASDAQ: BBBY) shares soared 30% on Thursday after the company reported better-than-expected second-quarter financial results. The e-commerce sales grew 89% in the last quarter as the coronavirus pandemic sends demand higher and driven by online sales...
  9. syamfx2020

    Nikola shares up on higher stake hopes

    Nikola (NASDAQ: NKLA) shares closed 14% higher on Wednesday after the latest reports said General Motors (NYSE: GM) might take a larger stake in Nikola than originally planned. The deal was supposed to be finalized by September 30, but both companies confirmed that discussions are still ongoing...
  10. syamfx2020

    COSTCO surprises again Wall Street with strong results

    Costco Wholesale (NASDAQ: COST) showed its continued growth during the pandemic, America’s multinational corporation announced better-than-expected fourth-quarter financial results on Thursday. The company E-commerce sales rose 91.3% during Q4 on a year-over-year basis and were up 50.1% for the...
  11. 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...
  12. syamfx2020

    Watch out for the Snowflake IPO today

    San Mateo, California based Cloud-based data warehouse firm Snowflake, is set to begin trading on the New York Stock Exchange under the symbol “SNOW” on Wednesday and the offering is expected to close on September 18, 2020, subject to customary closing conditions. The investors were patiently...
  13. syamfx2020

    DAILY MARKET REPORT - Tuesday, Sep 15, 2020

    Apple (NASDAQ: AAPL) stock closed 3% higher on Monday ahead of Apple product announcement event on Tuesday. The event titled "Time Flies" will be held virtually this year considering the Covid-19 pandemic. The investors will closely monitor the event to know the details of new products, as well...
  14. syamfx2020

    Chewy Q2 results beat Wall Street estimates

    The e-commerce pet-care retailer Chewy Inc. (NYSE: CHWY) reported better-than-expected second-quarter results on Thursday. The strong results are boosted by the pet adoptions have also been spiking during this Coronavirus pandemic period. The company revenue climbed 47% to $1.7 billion from...
  15. 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...
  16. syamfx2020

    Dell and HP beats earnings boosted by strong PC demand

    Technology giants HP and Dell reported better-than-expected last quarter financial results on Thursday 27th August after the market close. The last quarter results fuelled by a huge surge in PC demand due to remote working and distance learning. Businesses and students have had to adapt to...
  17. 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...
  18. syamfx2020

    TESLA jumps after 5-1 stock split announcement

    TESLA (NASDAQ: TSLA) shares pre-market up 7% after the carmaker announced Tuesday the five-for-one stock split. The split set to go into effect on August 31. Each stockholder of record on Aug. 21 will receive a dividend of four additional shares of common stock for each one they own. Starting...
  19. syamfx2020

    Airbnb IPO: Why it is one of the most anticipated IPO in 2020

    “When the market is ready, we will be ready,”- CEO, Brian Chesky Even though 2020 has been impeccably bad timing for IPOs the Airbnb CEO Brian Chesky said to be still considering an IPO in 2020. While after the stock market rebounded back many companies are now rushing to go public including...
  20. syamfx2020

    NASDAQ edges up ahead of big tech’s earnings

    Global stocks start the week on a mixed note as investors remained cautious about the ever-increasing coronavirus cases and worsening US-China relations. While on Tuesday US futures and Nasdaq composite recovered from the previous session lows as investors braced for another big round of...
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