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  1. syamfx2020

    DAILY MARKET REPORT - Tuesday, Oct 13, 2020

    Apple (NASDAQ: AAPL) shares closed 6% higher on Monday ahead of its virtual "Hi, Speed" event on Tuesday. The company is set to reveal a new iPhone and other technology updates. The launch event will be an online event that will be live-streamed from the Apple Park and the Steve Jobs Theatre in...
  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

    Domino’s misses Q3 earnings while revenue beats

    The world's largest pizza chain Domino's Pizza (NYSE: DPZ) announced third-quarter financial results on Thursday. The company earnings missed the consensus estimate while the revenue rose 17.9% to $968 million, topping expectations of $953 million. On the other hand, Domino’s operating profit...
  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

    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...
  6. 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
  7. 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...
  8. 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...
  9. 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...
  10. syamfx2020

    NIKE shares spiked after online sales grew 82%

    Nike shares surged more than 13% after the sports giant reported better than expected quarterly results on Tuesday. Meanwhile, apparel maker revenue slipped 0.6% to $10.59 billion from $10.66 billion a year earlier but better than the $9.15 billion forecast by analysts. The company said its...
  11. 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...
  12. 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...
  13. 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...
  14. syamfx2020

    Weekly Economic and Earnings Calendar 07/09/2020 – 11/09/2020

    Important economic events this week: ECB and BOC interest rate decision, US CPI and jobless claims, UK GDP. Earnings to watch: Lululemon Athletica, Slack, Chewy and Oracle
  15. syamfx2020

    DAILY MARKET REPORT - Thursday, Sep 03, 2020

    US futures and global stocks trading higher on Thursday supported by positive economic data from the US and other regions. On the other hand, Donald Trump's top infectious diseases official, Anthony Fauci, on Wednesday told NBC: "I believe that by the time we get to the end of this calendar year...
  16. syamfx2020

    DAILY MARKET REPORT - Wednesday, Sep 02, 2020

    The Nasdaq Composite rose 1.4% a day after the technology-heavy index closed at a record boosted by technology stocks. Shares of Zoom Video Communications (NASDAQ: ZM) climbed more than 40% on Tuesday after the company reported strong Q2 financial results. Apple stock climbed 3.6% after a report...
  17. syamfx2020

    Zoom stock soars 28% after strong Q2 earnings report

    Zoom Video Communications (NASDAQ: ZM) shares climbed more than 28% in during pre-market trading on Tuesday after the company reported strong Q2 financial results on Monday after market close. The video-conferencing company made a profit of $186 million on revenue of $663.5 million in the...
  18. 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...
  19. 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...
  20. 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...
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