997 days ago
Virgin Galactic up 8% in pre-market trading
Going to space is surely good advertising. Shares of Virgin Galactic are trading at $53.20 pre-market, a 8% increase since Friday.
997 days ago
Great earnings on the S&P 500 on the line with peak growth
In the past year, acquiring stocks will the US delivered their quarterly reporting was a winning trade, but this might soon come to an end. Second quarter profits do look robust with a forecasted earnings increase of 64% for the global S&P 500 Index, but we could be near the final point of this expansion.
997 days ago
Megacap tech stocks as safe heaven from slowdown
It seems that Big Tech is exciting again. As investors fear that the post pandemic boom might not be so solid, many are reverting back to tech giants which dominate the industry. These stocks also outperformed others since June, something that changed since investors all went in cyclical stocks earlier in the year.
997 days ago
JPM and BoA ahead of earnings: high expectations after strong profits fueled H1
Analysts expect profits for some of America's largest firms to rose 64% in Q2 from a year earlier. This is the highest growth in more than a decade. Of course, the graph is somewhat statistically misleading--this is because the growth figure is calculated going off a bad year in 2020. It has been noted by some analysts that businesses constrained by the pandemic and economic slowdown like financial and industrial sectors, could more than double profits from same period in 2020. All this is great but investors remain reticent at the onset of labor shortages, supply-chain bottlenecks and the highly contagious delta variant.
997 days ago
Flipkart raises almost $4 billion in funding
After a first fundraising round that valued the company at $40 billion, Walmart Inc. joined by injecting almost $4 billion. The company also counts Softbank and Blackstone Group Inc as shareholders.
