Share
On Thursday, Mizuho initiated coverage on Zoom Video Communication stock with a buy rating and a target price of $550, implying an upside of over 15% over the next 12-months. Over the last month, many analysts have raised Zoom’s target price. Should you also get bullish on the video communication company? Mizuho analysts said that…
Share
Analysts are reiterating their bullish calls on Amazon ahead of its upcoming Prime Days. Yesterday, Benchmark and J.P. Morgan issued bullish notes on the eCommerce giant. Amazon stock is up 67% for the year and is the best performing FAANG stock this year. However, it has come off its recent highs and is down over…
Share
US airline stocks – as tracked by the US Global JETS ETF (JETS) – tumbled yesterday following President’s Trump call for pausing stimulus talks until after the election, an announcement that added up to the uncertainty that surrounds a pending $25bn second bailout for the battered industry. Shares of the exchange-traded fund plunged 1.66% during…
Share
The talks between lawmakers on the second stimulus bill haven’t yet yielded results. However, a slowing recovery in the US economy coupled with Trump contracting the coronavirus could expedite the stimulus bill. President Trump has become the latest world leader to catch the coronavirus. Before Trump, Brazil’s president Jair Bolsonaro and British PM Boris Johnson…
Share
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…
Share
Over the last couple of days, there have been several reports of layoffs in the US. Airline companies are also furloughing thousands of employees due to the delayed stimulus bill. In August, American Airlines, the largest airline company globally, had warned of job losses if it does not get federal help by 1 October. Now,…
Share
Research shows that at least 90% of self-proclaimed trading robots out there are fake. It’s therefore prudent to conduct enough due diligence before signing up with any robot like Bitcoin Compass or Bitcoin Code. We have done the heavy lifting for you by preparing this comprehensive Bitcoin Compass review. Our investigation reveals that the Bitcoin…
Share
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….
Share
Global financial services company UBS has put its weight behind gold and sees prices hitting $2,000 per ounce by the end of this year—an upside of almost 6% from current levels. Gold gained 1.1% yesterday and was trading 0.3% higher in early trading today at $1,888 per ounce. While prices have come off their last…
Share
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…
