U.S. markets may have bounced back at the news of AstraZeneca’s AZN resumption of its phase 3 trial, but gains have been limited as the fear factor remains in investors’ mind. Apart from the uncertainty related to the timing of the rollout of coronavirus vaccine, chances o
The Kroger Co. KR reported impressive second-quarter fiscal 2020 results on Sep 11, wherein earnings and revenues beat estimates and showed significant year-over-year improvement. However, shares of Kroger have lost around 5.5% since the earnings release as some analysts belie
Legendary investor Warren Buffett revealed on his 90th birthday that Berkshire Hathaway (BRK.B) has invested $6 billion in Japan’s five biggest trading houses--Mitsubishi, Mitsui, Sumitomo, Itochu and Marubeni. These are giant conglomerates involved in various businesses like
For investors looking for momentum, Invesco Ultra Short Duration ETF GSY is probably a suitable pick. The fund just hit a 52-week high and is up 7.9% from its 52-week low price of $46.87/share.
Wall Street is mostly seeing a rough stretch, marked by the sharp selloff in technology stocks beginning Sep 3. The market turbulence could have been a result of people rushing to book profits, probably due to worries over high valuations, uncertainty over another pandemic stimu
Electric carmaker Tesla’s TSLA’s dream journey stalled on Sep 3 as its shares suffered some awful trading sessions since then. Tesla slumped 11% in the past week versus 2.5% decline in the S&P 500. Most importantly, the Tesla stock plunged 21% on Sep 8, marking its bigge
The telecommunication services sector is also witnessing consolidation amid the M&A spree. Verizon Communications VZ agreed to acquire prepaid wireless service provider TracFone from America Movil AMX for as much as $6.9 billion. The move comes as the largest U.S. wireless c
Sports betting has been gaining immense popularity globally following the legalization of gambling in the United States by the Supreme Court in 2018. About 22 states have legalized sports betting in the United States and more working toward it.The U.S. sports betting market is e
The merger & acquisition activity has heated up this week with a flurry of deals. In the biotech space, Gilead Sciences GILD has agreed to buy cancer treatments’ specialist Immunomedics IMMU for $21 billion. The deal, if approved, would be Gilead’s largest acquisition ev
Prices of U.S. soybean futures have been on a tear lately and increased to their highest levels since 2018 after the U.S. Department of Agriculture said that China bought 664,000 tons, the largest daily total since Jul 22, as quoted on CNBC. China’s move ensures the success of
Investors take a sigh of relief as AstraZeneca (AZN) has resumed its late-stage studies on its coronavirus vaccine candidate, AZD1222, which is being developed in partnership with Oxford University. AstraZeneca had recently put a hold on global trials, including the late-stage t
ByteDance, TikTok’s Chinese owner, has selected Oracle ORCL to be its technology partner in the United States. Notably, Oracle is expected to assume management of TikTok’s U.S. user data, per a Reuters article. Moreover, the software giant is negotiating to acquire a stake i
U.S. stocks were super steady in August as investors rotated into the beaten-down segments of the year — cyclicals. However, last week’s selloff cast doubts over the rally in stocks. Nine drug companies pledged that they will not submit vaccine candidates for FDA review unti
Last week was extremely volatile for Wall Street with the S&P 500, the Dow Jones and the Nasdaq losing about 2.5%, 1.7% and 4.1%, respectively. There were two primary reasons that triggered the mayhem. One was overvaluation in high-flying tech stocks (which resulted in pro
The semiconductor space is witnessing consolidation. Notably, Nvidia NVDA agreed to acquire UK-based chip designer Arm Ltd from Japan's SoftBank Group Corp for as much as $40 billion after weeks of speculation. It will represent the biggest acquisition in the history of the semi
Both bull and bear ETFs are showing immense potential as abrupt changes in sentiments have raised the appeal for these products. A bull ETF makes money in an upward market while a bear ETF gains when the market goes down. These products create a long/short position with a levera
Wall Street saw a wild swing last week with the U.S. stocks posting the second consecutive weekly loss. The Nasdaq Composite Index underperformed, shedding 4.1% last week while the S&P 500 and Dow Jones industrial Average lost 2.5% and 1.7%, respectively (read: Bypass the Ma
Last week was extremely volatile for Wall Street with the S&P 500, the Dow Jones and the Nasdaq losing about 2.5%, 1.7% and 4.1%, respectively. The mayhem was mainly triggered by overvaluation in high-flying tech stocks (which resulted in profit booking) and the likelihood