Zoom Video Communication shares have gained more than 205% this year, but traders see more upside in the stock. “We think Zoom is becoming synonymous with video conferencing, ” Todd Gordon, managing director of Ascent Wealth Partners, told CNBC on Tuesday. The San Jose-based tech firm posted first-quarter earnings on Tuesday, revealing how ubiquitous the…
Chinese tech giant Tencent Holdings said it would invest $70bn to strengthen China’s telecoms infrastructure, upping the race between the US and China to develop cutting-edge Big Tech platforms. Tencent, led by chief executive Ma Huateng (pictured, centre), plans to invest the cash in different areas such as cloud computing, 5G networks, cybersecurity, and new…
iShares Nasdaq Biotechnology exchange-traded fund (ETF) (IBB), which tracks the group of 211 stocks, has soared sharply since mid-Mach hitting an all-time high of $136.20 on Monday before reversing some gains in the past few sessions. It is trading at $132.57 on Friday morning. The robust upside momentum in the last two months is driven…
Peter Toogood 9pictured), chief investment officer of financial services business The Embark Group, warns that investors should think twice before buying US stocks. Toogood said: “The US, the big daddy, has been expensive and remains expensive.” Some of the other fund managers including David Tepper and Stanley Druckenmiller have also advised caution on US stock…
Volatile airline stocks tumbled when Warren Buffett pulled out sold his holdings in all four airline companies, but US Global Investors chief executive officer Frank Holmes believes the chairman of Berkshire Hathaway has missed the chance of a lifetime. Berkshire Hathaway, which has total assets of around $700bn, had invested significantly in airline companies from…
Despite the treacherous waters cruise liners face, some analysts say there are gains to be had if investors move quickly. This sector has had a rough first quarter in 2020 as a result of the global pandemic. The three major cruise liners — Carnival Corp., Royal Caribbean and Norwegian Cruise Line Holdings — each saw…
Talk to almost any forex trader and they’ll tell you that MetaTrader 4 is among the top software platforms in the industry. This popular software enables technical charting and trading signals, among many other features. Plus, it integrates with a number of popular brokers to allow you to trade right from your charts. MetaTrader 4…
Retail investors at TD Ameritrade brought airline stocks in April, at the same time that Warren Buffett (pictured) was getting out of the airline business. Most airlines globally are grounded due to the pandemic with schedules around 90% of what they were a year ago. But that hasn’t stopped retail investors from buying airline stocks,…
Warren Buffett, the chief executive of Berkshire Hathaway, says he pulled out all of the stock investments from four airlines as the investment firm reported a $50bn loss in the first quarter. Speaking at the annual shareholders’ meeting, the world’s most famous investor said he was wrong about airlines and claims that the world has…
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