United Airlines stock slumps as investors weigh up warning of more job cuts to come

Nicholas Say

United Airlines (NASDAQ:UAL) saw its stock slide by around 18% on Wednesday as investors continue to weigh up the carrier’s warning of more job cuts to come despite the industry’s earmarked $50bn bailout. The Chicago-based airline saw its shares fall to just under $26 in afternoon trading, amid a fall that has seen the company…

Zoom video conferencing stock more than doubles in three months

Siraj Sarwar

Video conferencing app, Zoom Video (NASDAQ: ZOOM) stock price has jumped by 110% over the last three months, driven by the shift to working from home with expectations that demand will continue to increase even after coronavirus outspread eases. Initially founded by Eric Yuan (pictured, centre) in 2011, an engineer at Cisco Systems’ teleconferencing business,…

Streaming giant Netflix set to outperform Big Tech rivals

Siraj Sarwar

Netflix (NASDAQ: NFLX) stock is outperforming other US Big Tech giants as investors are betting on the world’s largest streaming service to push ahead during the coronavirus outbreak, which forces people to stay at home. Its shares rebounded sharply in the last couple of weeks; the stock is currently trading at slightly below an all-time…

Google better placed than Facebook to ride out virus downturn, says note

Galina Mikova

Google’s parent company Alphabet is in a better position to weather the economic downturn than its online-ad-revenue rival Facebook, amid the global coronavirus pandemic analysts at BMO Capital said. BMO upgraded shares in Alphabet, led by chief executive Sundar Pichai (pictured), to outperform from market perform with a price target of $1,400. The target marks…

Microsoft stock

Microsoft cloud services demand jumps 775%, stock tipped to lead next rally, say analysts 

Siraj Sarwar

Microsoft ‘s (NASDAQ: MSFT) stock price selloff has created an attractive buying opportunity, with analysts’ calling it an outperformer of the bear market and a leader in the next stock market rally. The whopping 775% demand growth for cloud services last week, reported by the traded firm is the main reason behind the optimism. Is…

Apple stock

A delayed launch of Apple’s 5G iPhone will mean the tech giant’s stock won’t beat its all-time high anytime soon, say analysts

Siraj Sarwar

Apple (NASDAQ: AAPL) stock price trading rebounded amid the White House $2trn stimulus package this week but its shares face stiff pressure to fully recover from the coronavirus selloff due to a potential delay of its 5G iPhone launch this fall. The tech giant is understood to be considering “months” of delay to the release…

American Airlines Stock Jumped by Almost Half This Week as Investors Buy Back into Travel

Siraj Sarwar

American Airlines (NASDAQ: AAL) stock bounced almost by half as the $2trn stimulus package was passed by Congress this week, but carriers are still burning through millions of cash each week with little coming back in revenue. American Airlines lifted just under 2% on Thursday to close at $15.66, building on a 47% jump this…

Netflix Stock lifts as Social Distancing Means More Streaming

Nicholas Say

US and global stocks rose on optimism over government bailouts and central bank support for markets yesterday. On Wednesday the US Senate passed a $2trn bill to support consumers and major businesses by a unanimous vote. The tech-heavy Nasdaq rose by 413.2 points on Thursday at 7,797.5, a gain of more than 5%. While tech…

ViacomCBS stock tumbles as owner signs $125m credit deal

Galina Mikova

The owner of ViacomCBS (NMS: VIAC) said it has struck a deal with its lenders that will mean it will not have to sell stock in the entertainment giant, which owns MTV, The Paramount Network and mainstream TV channel CBS. National Amusements Inc said on Thursday it had amended its credit agreement, giving it revolving…