ShukriMahadi

ShukriMahadi

Technology shares lifted major indexes Wednesday, retaking the lead from the cyclical shares that had rallied in recent days on promising vaccine news. The S&P 500 rose 0.8%, led by its information-technology sector, as of the 4 p.m. close of trading in New York. The tech-heavy Nasdaq Composite climbed 2%, a reversal after two days in the red, with the help of...

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As Stock Plunges, Beyond Meat CEO Says Relationship With McDonald's 'Very Strong' Plant-based meat producer Beyond Meat Inc’s (NASDAQ: BYND) stock spiraled 16.9% downwards Tuesday. The selloff was triggered when McDonald’s Corp (NYSE: MCD) did not name Beyond Meat as one of the suppliers for its plant-based product line, McPlant. What Happened: Beyond Meat...

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PayPal Holdings Inc. has been one of the biggest beneficiaries of the COVID-19 crisis, which has driven record usage of its payments platforms as more people shop online. Now the question is whether the company can keep this momentum going. There is plenty of uncertainty ahead for PayPal PYPL, -4.23%, wrote MoffettNathanson analyst Lisa Ellis in a note titled,...

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Nike brand digital sales jump 82% in Q1 Nike shares were immediately higher in after-hours trading after reporting earnings that blew past estimates. The athletic retailer reported $10.6 billion in revenue, far surpassing Wall Street expectations of $9.1 billion. Yahoo Finance’s Myles Udland joins The Final Round to break down the numbers. Our goal is to create...

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tesla stock split

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Bank of America Given that Buffett's favorite industry to invest in is banking, perhaps it comes as little surprise that he's been piling into Bank of America (NYSE:BAC) in recent weeks. After obtaining permission in April from the Federal Reserve Bank of Richmond to increase Berkshire's ownership stake in BofA past the usual 10% limit for investment companies,...

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Description Invitae Corporation, a medical genetics company, processes DNA-containing samples, analyzes information related to patient-specific genetic variation, and generates test reports for clinicians and their patients in the United States, Canada, and internationally. It offers genetic tests in various clinical areas, including hereditary cancer, cardiology,...

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The AUD likely stands to be strong-armed by broader market sentiment Australian Dollar could keep marching higher if the absence of volatility is sustained RBA minutes, impact of coronavirus lockdown measures might undermine the Aussie The Australian Dollar has notched an astounding rally against its US Dollar peer since AUD/USD price action bottomed in March amid...

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Teladoc Health to Merge With Livongo to Improve Services Teladoc Health, Inc. TDOC recently entered into a definitive merger agreement with Livongo Health, Inc. LVGO, which is an Applied Health Signals company. Subject to customary approval, the cash-stock transaction valued at $18.5 billion is likely to conclude by the end of fourth-quarter 2020. Upon closure...

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Shares of Alphabet Inc. Cl A GOOGL, -0.63% sank 0.64% to $1,473.30 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +0.36% rising 0.36% to 3,306.51 and the Dow Jones Industrial Average DJIA, +0.61% rising 0.62% to 26,828.47. This was the stock's third consecutive day of losses. Alphabet Inc. Cl...

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USD LOSSES MAY BE AMPLIFIED BY CORPORATE EARNINGS The US Dollar may fall if corporate earnings from large-cap companies – like HSBC and Walt Disney to name a few of the many – put a discount on haven-linked assets. Last week, four out of the five members of the so-called FAANG group – Facebook, Amazon, Apple Netflix and Google – posted record-breaking earnings in...

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Qualcomm expects to generate an estimated $1.8 billion in revenues. The company is poised to record royalty revenue from Huawei starting in its fourth fiscal quarter. Looking ahead, Qualcomm provided guidance for fourth-quarter adjusted revenue to be in a range of $5.5 billion and $6.3 billion, versus analysts’ estimates of $5.78 billion. EPS in the current...

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BMW said it will offer the all-electric versions of X1 compact SUV and the 5 Series as part of the German automaker's plans to have 25 electrified models in its portfolio by 2023. BMW didn't say exactly when an all-electric X1 or 5 Series might be available (TechCrunch reached out and will update if we get an answer). The all-electric drive train will be one of...

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Chip giant Intel (NASDAQ:INTC) reported second-quarter results last week, and the release included the bombshell announcement that the company's 7-nanometer processors would be delayed by approximately six months. Those chips were initially scheduled to launch in late 2021, so the delay will push that debut back to 2022. At least Intel is finally starting to ramp...

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Monday is the day when Senate Republicans plan to reveal the contents of a new economic stimulus package, a proposal called CARES 2 that includes a second stimulus check. We don't yet know if the second check will be larger or smaller than the first check's $1,200 maximum, or if the same people will qualify to get it. There's talk that CARES 2 could bring the...

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Tesla's Stock Is 28% Overvalued (And It's Not Alone), Analysts Say Tesla's blowout quarterly profit justifies some of its 260% stock run-up this year. And it also ups the odds the stock will join the S&P 500. But analysts still think Tesla shares, plus many others, are grossly overvalued. Tesla (TSLA) is just one of eight major large-cap stocks, including health...

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Uber Technologies, Inc. develops and operates proprietary technology applications primarily in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services, as well as connect consumers with restaurants and food delivery service providers...

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Netflix (NFLX) earnings miss and weak subscriber guidance. The coronavirus stock market rally retreated Thursday, closing near session highs but with growth names lagging again. Earnings season adds another layer of risk for investors. Netflix stock plunged overnight, wiping out nearly all the gains from its most-recent consolidation. Netflix earnings were...