The second quarter earnings season ramps up this coming week with results expected from technology heavyweights Apple (AAPL), Amazon (AMZN) and Google parent Alphabet (GOOG, GOOGL).
China ordered the US to close its consulate in Chengdu in retaliation to the closure of the consulate in Houston, and adding injecting some uncertainty into the mix, Senate Republicans and the Trump administration are still at odds over how to extend supplemental jobless benefits
It is a good time to be an earnings watcher. As you might expect, though, the two most interesting releases came from Twitter and Tesla, and they each had different implications for traders and investors.
Texas Instruments’ strong quarter, particularly its growth in electronic devices bodes well for Intel (INTC) which is set to report second quarter fiscal 2020 earnings results after the closing bell Thursday.
China warned the U.S. to “think carefully" about where the relationship is heading and that it will be forced to respond after the U.S. ordered the shutdown of its Houston consulate.
Few companies have benefited from the coronavirus-induced shift into emergent trends more than Microsoft (MSFT) which has seen its shares surge to near all-time highs.
Despite already posting year-to-date gains of some 260%, compared to flattish returns for the S&P 500 index, one prominent Wall Street analyst recently outlined a scenario where Tesla (TSLA) stock can reach $2,000, thereby producing additional premium of 33%.
Transatlantic exchange operator Nasdaq Inc on Wednesday reported a better-than-expected quarterly profit as more people took to trading from home while under lockdown, with pandemic-driven market volatility also boosting volumes to record levels.
But in the background are potential tensions coming from China as it promises to retaliate against the UK's moves towards Huawei and Hong Kong; plus, Trump noted there might not be a Phase 2 to U.S.-China talks.
Shares of Nasdaq (NDAQ) have flown under the radar so far in 2020, despite the fact that the company — which is home to some of the biggest names in tech — is trading at all-time highs, delivering some 20% year-to-date gains.
Either the market has to correct, or the news stories have to catch up to the optimism. Here are three stories that will play out this week and that investors should watch closely to see which of those things is more likely.
Coming into this week, investors have several spinning plates they are watching, and should any one of those spinning plates crash to the ground, odds are we will see a return of market volatility as investors reassess their expectations for the second half of 2020.
The second quarter earnings season kicks into high gear this coming week with results expected from technology heavyweights Microsoft (MSFT), Tesla (TSLA) and Amazon (AMZN), among others.
Dr. Anthony Fauci, director of the National Institute for Allergy and Infectious Disease, told Facebook’s (FB) Mark Zuckerberg that he expects results for a clinical trial on monoclonal antibodies by late summer or early fall.
Mixed economic data out of China was offset by another uptick in reported COVID-19 cases in Japan and the U.S. We’d also note U.S.-China tensions are likely to mount further following the U.S. imposing travel sanctions on Chinese tech companies like Huawei.