Shares of Peloton (NASDAQ:PTON) jumped more than 6% yesterday after the company said it attracted a record 23,000 members to a single workout class this week. Fundamental analysis: Business is booming during the “stay-at-home” regimePeloton, the New York-based company that sells exercise equipment, announced that it hosted an attendance of…
2020 might not seem like the right time to make any big property investments. After all, the global economy is in utter turmoil and many key markets have fallen off a cliff. This is why investors are turning to safe havens like gold and bonds.Yet, this opens up the…
Shares of Verizon (NYSE:VZ) are trading around 0.5% lower in New York today after the company reported a drop in revenue and monthly subscribers for the first quarter.Fundamental analysis: Verizon tops earnings, misses on revenueVerizon reported that it earned $1.26 per share in the first quarter, above analysts’ average…
Shares of Tesla (NASDAQ:TSLA) dropped around 3.5% after the electric car giant was forced to raise prices of its Model 3 after China started a three-year program intended to scale down subsidies for purchases of luxury electric cars.Fundamental analysis: China cuts subsidies, forces Tesla to revert its price cutsTesla…
The UK’s Institute for Fiscal Studies (IFS) has warned that the country may witness an increase in the budget deficit levels that are “not seen in peacetime”. In the meantime, FTSE 100 is struggling to extend its rebound to levels above 5,800.Fundamental analysis: A “colossal increase” in the country’s budget…
Shares of Chevron (NYSE:CVX) have surged 3% today as oil prices continue a sharp rebound following a collapse on Monday and Tuesday. Fundamental analysis: Chevron stock jumps, ignores a row with TrumpChevron stock price has surged higher despite an order from President Trump to halt oil production in Venezuela.
Shares of Target Corp. (NYSE:TGT) gapped more than 6% lower today after the retail giant issued a warning that profits are likely to be reduced this quarter due to the higher costs. Fundamental analysis: Investments in e-commerceTarget said today that it will extend its $2 an hour temporary wage increase…
Shares of Expedia Group (NASDAQ:EXPE) surged nearly 9% on Thursday after the travel company secured $3.2 billion in fresh capital to fight the consequences of the COVID-19 outbreak and travel restrictions.Fundamental analysis: Expedia secures multi-billion funding Expedia, one of the world’s largest travel companies, said it will raise $3.2 billion…
Turkish Central Bank (TCB) slashed its key interest rate by 100 basis points, from 9.75% to 8.75%. USD/TRY reacted by moving slightly higher to test the $7.00 handle, near the record high of $7.08.Fundamental analysis: Central banks make an aggressive moveIn a surprising move, the TCB said it had decided…
FTSE 100 closed today’s session 2.96% lower as the European equities all registered sharp losses. In the meantime, the Bank of England’s (BoE) Andy Haldane has warned of a “very ugly” first half of the year. Fundamental analysis: Death toll jumps, Haldane issues a warning The UK reported 828 new…
Shares of Adyen (AMS:ADYEN) have surged around 9% today after the fintech company reported rising revenue and core profits for the first quarter. Fundamental analysis: Online payments skyrocketingThe Dutch fintech firm reported first-quarter revenue of 135.5 million euros, which represents an increase of 34% compared to a year ago. The…
After a historic day in which crude oil prices (May future contracts) were pushed into the negative territory, the selloff in oil continues as the price of “black gold” – the June contract – trades around the $16 mark, around 22% lower today. Fundamental analysis: Catching a falling knife Crude…
Shares of Disney (NYSE:DIS) trade around 3% lower in New York today after UBS downgraded the stock from “buy” to “neutral” as concerns over the company’s park segment are mounting. Fundamental analysis: The eye of the stormIn a note titled “The Eye of the Storm”, UBS analyst John Hodulik downgraded…
Shares of Premier Foods (LON:PFD) skyrocketed today after the food producer said it expects to report sales surge for the first quarter amid the coronavirus lockdown that prompted panic buying.Fundamental analysis: First quarter sales jumpThe UK-based Premier Foods said in the trading update that it expects its UK…
Crude oil price trades around 27% lower to trade at levels below the $14 mark for the first time since early 1999 as supply is hitting record highs, while demand may reach the lowest levels since 1985, according to the International Energy Agency (IEA). Fundamental analysis: Storage runs outCrude oil…
The COVID-19 outbreak has seen many investors running for the exits. In the space of just a few days, the Dow Jones stock index printed a series of huge one-day losses on March 09, 12, and 16, when the Dow plummeted 12.93% in a single day, topping the…
Crude oil price hit a new 18-year low this week as investors continue to punish OPEC+ countries for failing to meet their expectations in the size of the production cut. A claim from a group of analysts that Saudi Arabian oil exports to the U.S. more than doubled made waves…
UK Chancellor Rishi Sunak is working on a fresh business bailout scheme to support larger UK companies. In the meantime, the FTSE 100 closed the week only 0.95% lower, despite trading as much as 4.5% down over the course of the week. Fundamental analysis: Sunak to aid larger companiesAfter unveiling a…
The coronavirus lockdown has proved to be disastrous news for property markets all over the planet. London has been no exception. Prices here have fallen and estate agents have seen their commissions fall through the floor. We can see an example of the effect this is having in Foxtons PLC…
Shares of Uber (NYSE:UBER) opened more than 6% higher on Friday after the company said it is withdrawing its financial guidance for 2020. The ride-hailing giant also said it will write down about $2 billion in investments, as the coronavirus outbreak facilitates great impact on its business.Fundamental analysis: Investors…
Shares of Apple (NASDAQ:AAPL) are trading nearly 3% lower on Friday, after Goldman Sachs (NYSE:GS) downgraded the stock to sell, and cut its price target to $233 from $250.Fundamental analysis: Goldman expects deeper reduction in demandGoldman’s analysts, led by Rod Hall, said they expect a “far deeper reduction…
Shares of Netflix (NASDAQ:NFLX) have surged to a record high this week as the streaming giant continues to receive bullish recommendations from Wall Street. Fundamental analysis: Everyone is bullishAnalysts from Goldman Sachs, Morgan Stanley, and J.P. Morgan have all issued a “buy” or “overweight” rating on the Netflix stock as…
Gold price has been on a tear in April, trading 9% higher in the first two weeks of the month. A respected market analyst now believes that the yellow metal can go as high as $2,000 this year on a specific bullish chart pattern that it had developed over the…
Shares of Best Buy (NYSE:BBY) are trading more than 6% lower today after the retailer announced it will furlough about 51,000 hourly employees, starting Sunday. Fundamental analysis: Business updates related to novel coronavirus (COVID-19)Best Buy said it will furlough about 51,000 hourly employees as its stores continue to be closed,…
Shares of Tesla (NASDAQ:TSLA) have surged 13% today after Credit Suisse upgraded its stock from “underperform” (sell) to “neutral” (hold), an important signal for those looking to invest in shares. With today’s gains in the early New York trading session, shares of the electric car maker have…
