Features & market analysis news & headlines
Latest breaking stories, features and analysis
- Alibaba continues to dominate the Chinese e-commerce market
- Even with the COVID-19 pandemic, the business of Alibaba is going very well
- Alibaba is considering a $3B investment in Asian ride-hailing giant Grab (GRAB)
Features & analysis
Latest Features & market analysis news
Shares of Tesla (NASDAQ: TSLA) are trading over 25% off the highs, on the road to post the worst week in six months. The Battery Day event disappointed investors who were hoping for bigger things from Musk. Fundamental analysis: Battery Day announcements Judging by the reaction of the investing community, Elon Musk may have become a victim of his own success. The founder and CEO of Tesla made a series of important announcements on the company’s m...
The DAX Index has rebounded over 1.5% today after recording the worst single-day performance since March. The latest data from Germany shows that the country is dealing with the coronavirus-induced recession better than originally anticipated. Fundamental analysis: GDP projections upgraded Amid a significant slowdown in the economy due to the pandemic, Germany was quick to increase spending and that capital, together with the stimulus from...
Ethereum (ETH) price plunged 10% this week to test the key intraweekly support near $330. Separately, the number of transactions on the Ethereum blockchain on a daily basis have hit a new all-time high. Fundamental analysis: New record high According to the data provided by Etherscan, the number of daily Ethereum transactions reached a fresh record high of 1,406,000 on Thursday in the midst of the overall increase in traffic on the network. ...
The price of Bank of America Corporation (NYSE: BAC) has advanced from $18.08 above $28 in less than six months and the current price stands around $24. The next several months will be competitive for the banking industry but even with the COVID-19 pandemic, the business of Bank of America is going very well. Fundamental analysis: Bank of America is a stable bank with a good position on the market Bank of America is an American multinational inve...
Shares of Royal Dutch Shell PLC (LON: RDSB) are trading over 55% lower since the beginning of the year. Although the stock is trading relatively cheap, it’s difficult to structure a bull case. Fundamental analysis: Major campaign launched Royal Dutch Shell plans to slash 40% of producing oil and gas costs in a bid to restructure its struggling business. The aim is to save money re-invest the funds in renewable and sustainable energy. The project...
FTSE 100 index is trading around 3% lower this week after the UK government intensified lockdown restrictions in the country as the number of coronavirus cases increases. Fundamental analysis: Number of infections rise The number of daily cases hit a four-month high of 4,422 on Saturday and data suggest that hospital admissions might hit the mid-March figures by the end of September. In order to prevent the second wave, Prime Minister Boris Johns...
Shares of Delivery Hero SE (ETR: DHER) gained over 4% today after the Germany-based online food delivery firm agreed to acquire the LatinAm operations of Glovo, a Spanish on-demand delivery service. Fundamental analysis: Food delivery business booming Delivery Hero will pay up to €230 million and acquire more than 8 markets, including a €60 million performance-based earn-out. The deal is expected to be completed over the next few weeks and will...
Shares of Airbus SE (EPA: AIR) plunged a further 2% today to total weekly losses to nearly 10% as the number of daily COVID-19 infections is on the up again. Fundamental analysis: Further cuts possible Guillaume Faury, the CEO of the European multinational planemaker Airbus, said his company will do everything it can to avoid compulsory layoffs, but there are no guarantees it won’t happen. Given that air travel is far lower than its normal levels...
The technology sector is now in a correction from its recent highs but most analysts are not worried about the recent action in technology stocks. Shares of Facebook (NASDAQ: FB) extended its correction from the record highs above $305, registered in the last week of August. Despite this, there is no reason to panic and as long the price of the Facebook stock is above $240 this stock is in the “buy” zone. Fundamental analysis: The com...
Shares of Nikola Corporation (NASDAQ: NKLA) gapped nearly 30% lower today after its executive chairman, and the founder as well, resigned today. Fundamental analysis: Milton resigns amid allegations In somewhat shocking news for Nikola investors, the electric truck maker announced today that its founder Trevor Milton will resign as the executive chairman. Milton is the largest shareholder of the company with a stake that goes north of 20%....
Bitcoin (BTC/USD) price is trading over 3% lower today after the buyers failed to stay above the $11,000 mark. One of the potential factors behind today’s selloff could also be a move lower in equities as investors fear that the second coronavirus wave is coming. Fundamental analysis: Miners cashing out Bitcoin miners sold large amounts of BTC over the last two months, according to the latest data. It seems that some miners started selling Bitc...
Fashion retail is on the rise again, judging by the financial results of major players in this sector. Earlier this year, the pandemic created havoc in this industry as lockdown measures forced stores to close. However, the fact that people couldn’t shop in stores actually accelerated the shift towards e-commerce and online shopping. According to the U.S. Census Bureau of the Department of Commerce, the country’s retail sales grew by nearly...
The price of crude oil has advanced from $37 above $42 in less than several days and the current price stands around $41. At its latest meeting, the OPEC agreed to extend the compensation period for overproduction till the end of December. Fundamental analysis: IEA cut its 2020 demand forecast for oil The price of crude oil advanced last week despite the fact that Libyan warlord General Khalifa Haftar said that the country will reopen oil ports c...
Smartphone manufacturers, such as Apple, Samsung and Huawei among others, are already planning the rollout of new devices equipped with the latest 5G equipment. Telecoms are also investing billions in the infrastructure network to prepare for a surge in demand for 5G smartphones. Tremendous growth expected The next-generation technology is seeking to provide faster communication than any other existing technologies currently used. Hence, it...
Even the worldwide pandemic doesn’t seem to be stopping the booming fintech trend. On the contrary, it seems that periods of economic turmoil – fueled by the pandemic in this case – will only accelerate significant innovation. Klarna valued at over $10bln Swedish banking company Klarna has been valued at $10.65 billion following its latest equity funding round. The results of the funding mean that Klarna became the highest-value...
In a much-anticipated public debut, Snowflake (NYSE: SNOW) managed to record one of the most successful initial public offerings (IPO) lately by raising $3.36 billion. Biggest U.S. IPO in 2020 Snowflake, the cloud-data firm, managed to perform better-than-expected in its IPO after it was valued above the target range. As a result, the software company saw its public debut become the largest U.S. listing this year, beating Royalty Pharma’s I...
The price of Ford Motor Company stock (NYSE:F) has advanced from $4.01 above $7.50 in less than six months and the current price stands around $7.25. The next several months will be competitive for the global auto industry but even with the COVID-19 pandemic, the sale of Ford cars is going very good. Fundamental analysis: Ford is expanding its production Ford Motor Company is an American multinational automaker that sells automobiles and commerci...