Even in the face of the pandemic, NVIDIA (NASDAQ: NVDA) was a clear winner, notching gains of 122% in 2020. The company's graphics processing units (GPUs) were front and center for many of the trends that accelerated last year, giving the company a boost in the process. That adde
Global and Indian firms are flexing their industrial muscle to help the world's second biggest population battle coronavirus, coming to the rescue of a public health system buckling under the weight of surging infections and deaths.
Asian shares struggled to make firm gains on Wednesday as already high valuations discouraged investors from buying equities ahead of a closely-watched U.S. Federal Reserve meeting.
Asian shares were mixed on Wednesday as already high valuations discouraged investors from buying equities ahead of a closely-watched U.S. Federal Reserve meeting.
Google parent Alphabet Inc on Tuesday reported record profit for the second consecutive quarter and a $50 billion share buyback but warned a surge in usage and ad sales during the pandemic may slow as people resume in-person activities.
Tesla (TSLA), United Parcel Service (UPS) and a handful of other stocks got moving on earnings news Tuesday. But broadly speaking, stocks mostly treaded water, with some investors likely keeping a watchful eye fixed on tomorrow's Federal Reserve news.
Tepid results from Tesla and 3M weighed on Wall Street on Tuesday, with the S&P 500 and Dow ending near flat as investors focused on wave of earnings reports from Microsoft, Alphabet and other corporate heavyweights.
Microsoft Corp beat Wall Street expectations for quarterly revenue on Tuesday, as the software giant benefited from demand for its cloud-based services during the pandemic-induced remote working and learning.
Tepid results from Tesla and 3M weighed on Wall Street on Tuesday, with the main indexes ending mixed as investors focused on wave of earnings reports from Microsoft, Alphabet and other corporate heavyweights.
(RTTNews) - Home security company ADT Inc. has filed a lawsuit against Amazon Inc.'s (AMZN) subsidiary Ring LLC alleging that the latter's designs are a direct copy of ADT's octagonal blue logo. According to reports, ADT has requested a federal judge in Florida to immediately
Do Americans still want to consult their doctors online or has vaccine rollouts made patients confident enough to visit hospitals? Results from Teledoc Health Inc, the largest U.S. telehealth service provider, may offer some hints on Wednesday.
Tepid results from Tesla and 3M weighed on Wall Street on Tuesday as investors focused on an approaching wave of earnings reports from Microsoft, Alphabet and other corporate heavyweights.
Amazon’s Ring LLC is being sued for allegedly copying ADT's trademarked blue octagon symbol. Bloomberg reports that the home security company wants Ring, a provider of smart home security devices, barred from using the symbol as it violates its copyright.According to Bloomberg, ADT Inc (ADT) alleges that it’s been using the blue octagon symbol for decades on window stickers and lawn-signs. It also states that that the trademarked symbol is currently displayed by about 6.5 million customers. The company wants a federal court to issue a cease-to-use order against using the look-alike symbol by the Amazon (AMZN) subsidiary.According to the Bloomberg report, ADT owns 12 registered trademarks for the shape, color, and look of the blue octagon shape in question. It also claims to have invested substantial resources in promoting its security offerings under the blue octagon trademark.The standoff stems from the two companies working together in the past. However, in 2016, they signed an agreement in which Ring promised never to use any trademarks similar to ADT’s. Alphabet’s (GOOG) Google ended up acquiring a 6.6% stake in ADT for $450 million last year. (See Amazon stock analysis on TipRanks).Stifel Nicolaus analyst Scott Devitt has reiterated a Buy rating on Amazon as the company prepares to report its 1Q 2021 financial results on Thursday, 29 April. According to the analyst, the company is well-positioned to report a 40% increase in revenue and an operating margin of 6.2%.“Growth in a post-COVID environment remains largely uncertain for Amazon and across the eCommerce landscape. Our 2Q revenue estimates are ahead of consensus as we see tailwinds stemming from strong growth in new Prime members and diversification across geographies and categories supporting the retail business as economies recover,” stated Devitt in a research note to investors.Devitt has a $4,000 price target on Amazon, which implies approximately 17% upside potential to current levels.Wall Street is bullish on Amazon's prospects with consensus among analysts being a Strong Buy based on 33 unanimous Buy recommendations. The average analyst price target of $4,118.69 implies 20.33% upside potential to current levels.AMZN scores a sturdy 9 out of 10 on the TipRanks’ Smart Score rating system, implying it is likely to outperform market expectations.Related News
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There's a lot of hostility in platform agnosticism these days. Roku (NASDAQ: ROKU) made waves on Monday when it sent out an email to those who use its app to watch Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) YouTube TV, warning viewers that the live TV streaming service could be go
Lackluster results from Tesla and 3M dragged Wall Street's main indexes lower on Tuesday, shifting investor focus to earnings from big technology companies, including Microsoft and Alphabet, later in the day.
The pandemic created a stay-at-home economy that proved to be an ideal environment for many technology companies as consumers spent a lot more time in front of various screens. For Match Group (NASDAQ: MTCH) -- the parent company of online-dating powerhouse Tinder, among an array
NEW YORK (Reuters Breakingviews) - Facebook, Alphabet’s Google and Amazon.com are lions on the prowl. Instead of wildebeest, they’re eyeing the fattened-up savings of the U.S. consumer. The tech titans stand to rake in ad revenue as
Lackluster results from Tesla and 3M dragged Wall Street's main indexes lower on Tuesday, shifting investor focus to earnings from big technology companies, including Microsoft and Alphabet, later in the day.
(RTTNews) - Amazon unveiled the all-new Fire Kids Pro tablets for kids ages 6 to 12 and the next generation Fire HD 10 Kids tablet for kids ages 3 to 7. The tablets are available for pre-order starting Tuesday and will begin shipping on May 26.Fire Kids Pro is available in three
Amazon (NASDAQ: AMZN) is expanding its in-garage delivery program for Prime members nationwide to wherever it currently offers grocery delivery.Originally tested in just five cities last November, Amazon says the program will now be available in over 5,000 cities, making millions