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Gene Munster, the co-founder of Loup Ventures, expects Tesla’s market capitalization to cross above $2 trillion over the next three years. So far, Apple is the only company that crossed the $2 trillion in market capitalization. Can Tesla achieve the feat? Tesla stock has been on a fire this year and has made over 30…
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Costco has scheduled its fiscal first quarter 2021 earnings for Thursday, December 10. The stock is up over 31% so far in 2020 outperforming the S&P 500. What’re analysts projecting for Costco’s earnings and can the stock continue to rise after the earnings release? In the fiscal year 2020, Costco reported a net income of…
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Bitcoins are given by a virtual value that can be expressed in any currency (especially dollars) to a “digital currency”, which takes the name of Bitcoin. The extremely fluctuating market that governs this shift in value is called the cryptocurrency market. Along this new market, there are investment opportunities and trading takes place with software…
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The British FTSE 100 index is rising above the 6,500 level for the first time since the pandemic started, as the approval of Pfizer’s vaccine in the European country has provided a boost for domestic stocks. Higher oil prices are also contributing to today’s uptick in the ‘footsie’, with Brent crude futures jumping as much…
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DocuSign stock was trading sharply higher in US markets trading today after its fiscal third quarter 2021 earnings smashed estimates. It is among the basket of so-called stay-at-home stocks that have rallied this year. DocuSign reported the earnings for its fiscal third quarter that ended October 31 yesterday. Its revenues increased 53% year over year…
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The US House of Representatives has passed a law that could lead to the delisting of Chinese companies. The law would come into force once it is signed by President Trump. “The Holding Foreign Companies Accountable Act” entails delisting of foreign companies if they don’t comply with the US Public Accounting Oversight Board’s audits for…
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While electric vehicle stocks have been red hot in 2020, there has been some selling pressure recently. Workhorse stock is falling sharply in the US premarket today after the USPS (United States Postal Service) said that it is delaying a major contract in which Workhorse was a major contender. The USPS was expected to announce…
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The US dollar is taking a breather this morning after plunging yesterday, with the value of the North American currency – as reflected by Bloomberg’s US dollar index (DXY) – moving 0.13% higher at 91.424 in early forex trading activity. The greenback saw its worst day since 5 November as it slipped 0.61% yesterday at…
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Tesla stock was trading sharply higher in pre markets today after the S&P 500 announced that it would add the stock on 21 December in one single tranche. The stock gained 38% in November after the S&P 500 announced that would include the stock. Investors were expecting the stock to be added to the index…
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The price of Bitcoin jumped to all-time highs just yesterday following a strong rebound the cryptocurrency saw during the weekend in a move that has added a new leg to this latest bull run. Last Thursday, the price of Bitcoin collapsed by nearly 8.4%, plunging the cryptocurrency to $17,160 per coin after failing to hold…
