On December 24, American stock indices closed in the green. The S&P 500 Index climbed 0.35% to 3690 points, the Dow Jones added 0.23%, the NASDAQ 0.29%. The news background on the eve of Christmas was weak. Fiscal stimulus prospects continued to be supportive. The tech sector was one of the growth leaders with 0.75%, while the energy sector […]
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Alibaba Group Holding Limited (BABA) faces immense pressure from the authorities in China as an antitrust lawsuit against the Alibaba has been launched. The news took the company’s shares down 13 percent on Thursday and 8 percent in Hong Kong on Friday, the highest single-day decline on the stock market in Alibaba’s history. In our
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The oil and gas industry consists of different companies which are involved in the exploration, transportation, extraction, and refining, of gas and oil products. These companies also include other services such as well maintenance and drilling. The past couple of years have been hard on the energy sector and the pandemic has only served to
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Ocugen Inc. (OCGN) stock plunged -8.85% to $2.37 in the pre-market trading after reporting the appointment of a vaccine scientific advisory board comprised of leading academic and industry experts in the vaccine field. Sundial Growers Inc. (SNDL), a Drug Manufacturers – Specialty & Generic company, dropped about -3.24% at $0.4838 in pre-market trading Thursday. Jaguar
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Peloton announced the acquisition of Precor, a maker of fitness equipment. The deal is priced at 420 million dollars. At the close of trade on Wednesday, the shares increased by 0.96 percent to $16276. With the acquisition of Precor, the construction of production facilities in the United States is expected. Precor expects a rise in
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The shipping industry consists of companies which transport cargo all over the world, including anything and everything. These companies transport commodities through any means of transport, whether by land, air, or sea, regardless of what the word ‘shipping’ implies. But many of the shipping companies within the industry have been heavily impacted by the pandemic
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By the end of 2026, we expect Netflix’s revenue to rise from $20 billion to $57 billion due to an increase in the number of streaming service users from 169 million to 389 million, as well as an increase in average per user revenue from $10.79 to $12.46. In our view, the key increase in
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Ocugen Inc. (OCGN) stock soared 77.6% to $1.43 in the pre-market trading after signing a binding letter of intent (LOI) with Bharat Biotech to develop Bharat Biotech’s COVID-19 vaccine candidate, COVAXIN, for the United States market. Sundial Growers Inc. (NASDAQ: SNDL) shares are trading up 1.25% at $0.486 at the time of writing after announcing
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Good Morning On December 22, the American stock indexes finished trading in different directions. The S&P 500 dropped by 0.21% to 3687 points, the Dow Jones fell at a rate of 0.67%, while the NASDAQ climbed at 0.51%. Consumer confidence was significantly worse than expected. The tech sector became the leader of growth with a
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In the stock market this year, software stocks show strong development. The software has become a fundamental part of how many things function, so logically, it has become a fundamental part of how a lot of things work. This is why companies have boosted corporate investments in digital acceleration as a result of the coronavirus
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