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Tesla would report its third quarter earnings after the close of markets tomorrow. The stock has been on a fire this year amid investors’ optimism over electric vehicles. What’re analysts projecting for Tesla’s third quarter earnings? Tesla’s Q3 earnings estimates According to the consensus estimates compiled by Tikr, analysts expect Tesla to report revenues of…
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Indian stock markets have outperformed other emerging markets this year and Morgan Stanley expects this outperformance to continue. “We have been arguing that for this outperformance to be sustained, India needs to continue to deliver policy that lifts India’s potential growth in the eyes of market participants,” said Morgan Stanley analysts Ridham Desai, and Sheela…
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Chinese electric vehicle maker NIO soared over 23% on Wednesday after JP Morgan raised the stock’s target price. Electric vehicle stocks are up sharply this year as investors have embraced the vehicle electrification story. Is there more upside ahead for electric vehicle stocks? JP Morgan raised NIO’s target price On Wednesday, JP Morgan raised NIO’s…
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Andrew Tilton, chief Asia economist at Goldman Sachs is predicting a faster economic recovery in Asia as the region has better controlled the coronavirus pandemic. Should you invest in Asia, and what are the instruments through which you can invest in Asian stock markets? Goldman Sachs on Asia “We think Asia’s really the best positioned…
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PepsiCo shares are rising 1.5% during this morning pre-market stock trading activity on Wall Street after the company successfully beat earnings, revenues, and full-year outlook forecasts for the third quarter of 2020. The snacks giant reported $18.09bn in revenues during the three-month period ended on 5 September, which represented a 5% jump compared to the…
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The Walt Disney Company stock was trading lower in pre markets today after the company announced massive layoffs. The company blamed California for the decision as the state hasn’t opened theme parks yet. Disney stock is down almost 13% so far in the year as the pandemic has taken a toll on the entertainment industry….
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Canada Pension Plan Investment Board (CPPIB) that had around $330bn assets as of 30 June plans to invest a third of its funds into emerging markets in the next five years. The fund sees India as an important investment destination. Should you also invest in emerging markets like India and what are the ways to…
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Shares of sportswear goods maker Nike soared over 13% in post markets on Tuesday after its fiscal first quarter earnings smashed analysts’ estimates. Nike shares rose over 3% on Tuesday in normal trading hours are up over 16% for the year, outperforming the S&P 500. Nike reported revenues of $10.59bn in the fiscal first quarter…
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Apple stock fell 4.2% on Wednesday and shares are trading down 1.4% in pre markets today. The stock is now down over 22% from its 52-week highs. Should you buy it now after the crash? Apple stock is currently in a bear market territory, having fallen over 20% from its recent highs. However, it is…
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TikTok has agreed to partner with Walmart and Oracle to avert the impending ban in the US. Oracle and Walmart shares were respectively trading 5.1% and 1.2% higher in pre markets today. What would the deal mean for Oracle and Walmart? Earlier this month TikTok rejected Microsoft’s bid for its US operations. This was followed…
