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Apple would release its third-quarter fiscal 2021 earnings on Tuesday after the close of US markets. What should you expect from the company’s earnings release? The earnings calendar for this week is very busy. On Monday, Tesla would report its earnings. On Tuesday, Alphabet, Microsoft, and Advanced Micro Devices report their earnings along with Apple….
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Chinese startup electric vehicle company XPeng has gone for a dual primary listing in Hong Kong and the stock closed flat on its debut. Could other Chinese EV (electric vehicle) companies follow suit? Chinese companies listed in the US have been finding themselves in a peculiar situation. On one hand, Chinese tech companies are facing…
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Lordstown Motors (RIDE) stock has had a turbulent ride over the last year. In the latest turn of events, the US Department of Justice (DOJ) is said to be investigating the company. Lordstown Motors went public in 2020 through a SPAC (special purpose acquisition company) merger. It was spun out of Workhorse Motors and gets…
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Chinese EV (electric vehicle) companies including NIO, Li Auto, and XPeng Motors have released their June deliveries. While all the companies reported better than expected deliveries, their stocks did not react favorably. Li Auto released its June delivery report today. The EV company delivered 7,713 Li ONEs in the month which were 320% higher than…
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Virgin Galactic stock was trading sharply higher in early US trading today after the company announced an FAA (Federal Aviation Administration) approval for its space mission. “The adjustment to Virgin Galactic’s operator’s license, which the Company has held since 2016, marks the first time the FAA has licensed a spaceline to fly customers. It is…
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MicroStrategy stock is trading sharply lower in US market price action today amid the crash in bitcoin prices. Should you buy the dip in the stock? MicroStrategy’s core business is into providing business intelligence. However, the company has gradually morphed into a dual business where it has been acquiring bitcoins. Looking at the core business,…
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Data released today showed that US inflation rose to multi-year highs in May. However, markets seemed to shrug off the data and Dow Jones opened higher. US consumer price index rose to 5% in May, which was higher than the 4.7% which analysts were expecting. This is the highest reading for the US retail inflation…
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Canoo stock rose over 20% yesterday and was sharply higher in US premarket trading today. The stock is among the top 10 popular names on Reddit group WallStreetBets. Canoo went public in 2020 in what was a red-hot year for green energy companies. All the green energy companies saw a rerating in 2020 as markets…
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Apple stock is down 5% so far in 2021 and is underperforming the broader markets as well as the FAANG peers. Can the stock reverse its recent underperformance and hit the $3 market capitalization that some analysts are projecting? In the FAANG pack, Apple is the second-worst performer in 2021 while Netflix is the worst…
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Stocks of General Motors were trading flat in US premarket price action today after rising sharply yesterday. The company has raised its profit guidance and is ramping up production despite chip shortages. During their earnings call last month, General Motors had forecast that its pre-tax profit in the first half of the year would be…
