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Tesla stock was trading lower in US premarket trading today even as the company posted record earnings in the first quarter which were ahead of analysts’ estimates. Tesla reported revenues of $10.4 billion in the first quarter of 2021. The company’s sales increased 74% year over year in the quarter and were in line with…
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The first quarter earnings season is in a full swing and Tesla would report its quarterly report on Monday after the close of markets. What are analysts expecting from Tesla’s first quarter earnings report? Tesla had missed earnings estimates in the fourth quarter of 2020. Prior to that, the company posted better than expected earnings…
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FAANG stocks, an acronym used to refer to the shares of some of the largest publicly traded tech companies in the United States, have stood near all-time highs in the past few sessions despite the Nasdaq’s recent slide. However, that situation could change once the market opens as Netflix (NFLX) is down nearly 10% in…
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Fisker stock surged 4.5% yesterday and is up sharply in US premarket trading today after Bank of America issued a bullish note on the company forecasting massive upside for the electric vehicle startup company. Bank of America initiated coverage on Fisker stock yesterday with a buy rating and a $31 price target. The target price…
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Tesla stock was trading lower in US premarket trading today. On Friday, ARK Investment, which is led by prominent Tesla bull Cathie Wood revealed that it has sold some Tesla shares and bought Coinbase. Crypto exchange Coinbase listed last week only. It opted for a direct listing instead of going through the more popular traditional…
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The price of gold is advancing strongly for a second day in early commodity trading action as weakness in the US dollar and higher demand for US Treasury bonds appear to be tipping the balance in favor of the yellow metal. Gold’s spot price is up 0.74% so far this morning at $1776.84 per ounce…
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Churchill Capital IV (CCIV) stock fell 7.4% yesterday and is now down almost 70% from its 52-week week highs. The stock has been on a free fall ever since it announced a merger with Lucid Motors. CCIV SPAC (special purpose acquisition company) stock had surged to almost $65 or a 550% premium before the merger…
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The Sports betting industry is among the fastest-growing sectors globally. The growth is largely fueled by brick and mortar betting shops’ closure due to the Covid19 pandemic. Most land-based gaming companies are now exploring the online sports betting industry more than ever before. The advancement of sports betting technologies is also a major contributor to…
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Tesla stock 3.7% yesterday and was trading almost 1% higher in US premarket trading today. The surge in bitcoin prices, which have hit a new record high seems to be helping Tesla even as competition seems to be increasing in the EV industry. Earlier this year, Tesla invested $1.5 billion in bitcoins. Later it allowed…
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Alibaba stock gained in Hong Kong trading today even as China slapped the eCommerce giant with a massive fine over the weekend. Why did the stock rise despite the fine and what’s the outlook? Over the weekend, China slapped a $2.8 billion fine on Alibaba in the antitrust probe. Alibaba was accused of using its…
