Tag Archives: Surge

(Bloomberg) — Tesla Inc. is widely expected to report its sixth consecutive quarterly profit Wednesday — and potentially its first $1-billion quarter. That follows a remarkable year when Tesla’s stock split and skyrocketed, the company joined the S&P 500 Index and it sold almost half a million cars. Two years ago, the world’s leading electric carmaker was going through a rough patch. Elon Musk, Tesla’s chief executive officer, informed employees in a January 2019 open letter that the… Source link

TipRanks 3 “Strong Buy” Stocks Set for Monster Growth in 2021 We’ve turned a new page on the calendar, Old Man ’20 is out the door, and there’s a feeling ‘21 is gonna be a good year – and so far, so good. The markets closed out 2020 with modest session gains to cap off larger annual gains. The S&P 500 rose 16% during the corona crisis year, while the NASDAQ, with its heavy tech representation, showed an impressive annual gain of nearly 43%. The advent of two viable COVID vaccines… Source link

It took bitcoin (BTC) 10 years in existence to reach the $20,000 mark, on Dec. 15. Then it took just 17 days to reach $30,000. It took the Dow Jones almost three years to make the same move. Bitcoin started 2020 at $7,200. It ended the year very close to $30,000, up 296%. (For comparison, the Nasdaq rose 43% in 2020, the S&P 500 rose 16%, the Dow rose 7%.) The surge continued full-steam into 2021: On Jan. 2, bitcoin broke through $30,000 for the first time, then broke through $31,000. The 2020… Source link

Per the usual, it has been a year of twists and turns for the tech sector. Companies such as Zoom (Yahoo Finance Company of the Year) and Slack (which will soon be part of Salesforce) have become household names and vital communication tools with people stuck inside during the COVID-19 pandemic. Demand for notebook computers has gone through the roof with employees working from home, benefiting companies like Dell and HP. The shift to the cloud has only accelerated this year in large part… Source link

TipRanks Goldman Sachs: These 3 Stocks Could Spike Over 40% Expectations of good news on the near horizon are buoying markets right now. Over the past month, both the S&P 500 and the NASDAQ are up 11% to new record highs.Investors are excited at the prospect of a COVID vaccine coming before the winter is out. And the electoral results, that Democrat Joe Biden will ascend to the Presidency while the Republicans will emerge strengthened in Congress, promise the avoidance of extremes typical of… Source link

President-elect Joe Biden has watched the stock market surge as he prepares to take power next year. The rally appears to be driven largely by the spate of positive coronavirus vaccine news but has nevertheless been helped by some of Biden’s initial moves as President-elect. The Dow Jones Industrial Average (^DJI) broke 30,000 for the first time one day after the news broke that the President-elect had picked Janet Yellen as his Treasury Secretary. Mohamed El-Erian, the President of Queens’… Source link

Stock futures were flat to slightly weaker on Sunday evening, as investors weighed new COVID-19 infections — which are leading to rising deaths and a record number of hospitalizations across the U.S. — against the rapidly unfolding timetable for the deployment of a vaccine. Investors have been broadly encouraged by the steady flow of positive news over a coronavirus cure. Pfizer (PFE) and BioNTech (BNTX) said on Friday they plan to file for an emergency use authorization with the U.S…. Source link

TipRanks 3 “Strong Buy” Stocks Insiders Are Snapping Up President John Kennedy famously said, once, “A rising tide lifts all boats,” and this is true in the stock markets, too. We’re in the midst, now, of just such a rising tide – at least for the short term. The main indexes, the Dow, the S&P, and the NASDAQ, are all up between 9% and 12.5% this month, and the trends are positive. The recent election, making clear the prospect of a divided government unlikely to pass radical… Source link

TipRanks Raymond James: These 3 Stocks Are Poised to Surge by Over 80% We’re a little over one week past the Presidential election, and the market reaction shows that that investors are pleased. While the election margins were razor thin, the will of the voters came through: they rejected Donald Trump, and his brash, in-your-face style, but they also rejected the Democratic Party on policy; the Dems lost seats in the House, will likely not take control of the Senate, and also lost ground at… Source link

TipRanks Oppenheimer Sees These 3 Stocks Skyrocketing Over 100% The U.S. presidential election has come to a close, and Wall Street isn’t opposed to the administration change. Last week saw the S&P 500 notch its second-best performance during an election week on record, even as Trump’s chances of getting re-elected became slimer and slimer.Weighing in for Oppenheimer, Chief Investment Strategist John Stoltzfus noted, “What appears clear so far is that the equity markets are not averse to… Source link