Results Bested But Microsoft (MSFT) Almost Stable While AMD Lost 6%
Microsoft Corporation (MSFT) rose by +0.25% to $232.9. By announcing record revenue and earnings for its fiscal second quarter ended in December 2020, Microsoft blown up the Wall Street consensus on Tuesday. The U.S. tech giant’s quarterly revenues approached $40 billion for the first time, taking advantage of the improvements triggered by the health crisis, […]
Dollar Faded As Stimulus Package Approval Will Take Time
On Tuesday, the dollar dropped on the foreign exchange market, with the dollar index (representing its growth versus 6 benchmark currencies) falling 0.26 percent to 90.16 points. At $1.2165, the euro returned 0.23 percent. The yield on the 10-year T-Bond rose 1 basis point to 1.03 percent on the U.S. bond markets. As of March […]
Apple (AAPL), Tesla (TSLA) Rose Before Quarterly Reports, Virgin Galactic Holdings (SPCE), Bed Bath (BBBY), AMC Also Gained
Nearly a quarter of the S&P 500 or about 120 stocks are due to report their fourth quarter of 2020 reports this week on the corporate front. In market capitalization, the firms involved constitute about 40 percent of the large U.S. index. Compared to the same time in 2019, the new FactSet consensus models a […]
Oil And Gold Under Stress By Global Health Scenario
On Friday, oil lost ground amid worries about demand related to the revived outbreak of Covid-19 at the beginning of the year. U.S. light crude WTI (February futures contract on Nymex) gave up 1.6 percent to $52.27 a barrel, while North Sea Brent dropped 1.2 percent to $55.41. Prices were also under pressure from the […]
On Quarterly Reports: Alcoa (AA), Baker Hughes (BKR) Dropped While Intel (INTC) Rose
Alcoa Corporation (AA) fell -12.39% to $20.01. Alcoa cautioned that higher spending for the quarter could weigh on its earnings. However, the U.S. aluminum giant exceeded consensus in the fiscal fourth quarter, reporting earnings per share of 26 cents on an adjusted basis, compared to 15 cents of industry consensus and 31 cents of loss […]
Dollar Moving Smartly After Yellen’s Reaffirmation
The dollar is stable after the reaffirmation by Janet Yellen, the current Secretary of the Treasury, of the policy of government non-intervention in the foreign exchange market. Thus, on Wednesday, the dollar index (reflecting its evolution toward 6 benchmark currencies) stood at 90.47 points (-0.03%) against this basket of currencies, while the euro took up […]
Does Tesla Inc’s (NASDAQ: TSLA) stock deserve concern?
Sales of the Tesla Inc (TSLA) Model Y SUV, assembled at the Gigafactory in Shanghai, have begun in China. In November, Chinese authorities granted the company permission to distribute. Tesla earlier only sold the Model S and Model X in China. It cost a little less than 400 thousand yuan for a new Chinese SUV, […]
Boeing 737 returns to Canadian Airspace on Jan 20
The aircraft will be allowed to return to Canadian skies once they meet conditions set by Transport Canada, including allowing pilots to overwrite a faulty warning system that was the epic center of two deadly crashes in 2018 and 2019, respectively. Transport Minister Mr. Alghabra asserted to travelers that they can be assured that Transport […]
Is Spotify Technology SA (SPOT) Growing Big in Coming Years?
The podcast industry has grown exponentially in recent years with the advent of streaming services such as Spotify Technology SA (NYSE: SPOT). Last year, 320 million users in total subscribed to different podcast platforms out of which 70 million have subscribed to Spotify. This is double what was done a year earlier. Now Spotify wants […]
A New Privacy Policy Is On Hold At WhatsApp, Owned By Facebook (FB)
The Facebook (FB) owned messaging app WhatsApp has changed its mind and it is postponing the launch of a new privacy policy. The changes have followed Signal, one of its main competitions, having registered an estimated 7.5 million downloads in response to the WhatsApp warning. According to the encrypted messaging app, the changes, which are […]
