Top 20 companies by market cap
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The year or 2020 is likely to go to history books due to many different reasons. The COVID-19 pandemic is likely to dominate the headlines for years to come as the year when the materialization of a true “black swan” concept occurred. What is rarely known is that a “black swan” term, used widely across the society, is a term coined by the former options trader Nassim Taleb. The idea behind this term was to explain a situation with a very lo...
Shares of streaming audio company Spotify Technology SA (NYSE: SPOT) hit a new 52-week high of $179.69 on Tuesday after announcing the signing of podcasting legend Joe Rogan. Who is Joe Rogan? Rogan is a comedian and mixed-martial artist color commentator but perhaps best known for hosting one of the most popular podcasts on YouTube called “The Joe Rogan Experience.” Rogan has been hosting a wide variety of guests on his show. Among the more nota...
Shares of Walmart gapped more than 3% higher today after the company announced better-than-expected results for the first-quarter. A surge in demand has forced Walmart to hire nearly a quarter of million new workers. Fundamental analysis: E-commerce business soars Walmart reported that it earned $1.18 per share in the first-quarter ending April 30, higher than $1.12 per share expected from the Wall Street analysts. Moreover, the Arkansas-based re...
Kohl’s (NYSE: KSS) released its quarterly financial results on Tuesday that posted a 43.5% decline in net sales in Q1. The company attributed the downbeat performance to the Coronavirus pandemic that forced its stores into temporarily shutting down. Shares of the company initially responded with a 3% decline in premarket trading on Tuesday followed by a 1% increase later on. Learn more about how to buy shares online in 2020. Kohl’s Q1 financial r...
Shares of Grubhub (NYSE: GRUB) exploded nearly 30% yesterday after it was reported that Uber (NYSE: UBER) has launched a takeover attempt. The deal could be completed as soon as this month, although it has already drawn much criticism from lawmakers and city officials. Fundamental analysis: Uber comes under fire The ride-hailing giant made a takeover approach for the meal-delivery company Grubhub in recent days, the New York Times reported. Acco...
Global oil prices have rebounded strongly in the past two weeks as investors bet on an uptick in demand, as nations around the globe prepare for a gradual reopening for business. The national lockdowns imposed by governments to fight the spread of COVID-19 are likely to cause the biggest economic contractions in decades. “Many market participants believe there is light at the end of the tunnel [for oil prices]. But while the inflectio...