Shares and Indices
NIO and Sinopec partnership announced
Last week marked a significant milestone for NIO when it produced its 100,000th electric vehicle. The latest development also caught the eye of Tesla CEO Elon Musk, to which he responded: ''Congrats to NIO. That is a tough milestone.'' On Thursday, NIO officially confirmed its partnership with Sinopec – taking a major step forward in the compa...
JPMorgan and Goldman Sachs Q1 numbers are in
JPMorgan and Goldman Sachs reported their Q1 earnings before the opening bell on Wednesday – both beating analysts' forecasts. JP Morgan & Co JPMorgan reported a total revenue of $32.3 billion (up by 14.3% year-on-year) in Q1, above analysts' forecast of $30.52 billion. Earnings per share were reported at $4.50 vs. $3.05 estimate. Ja...
Stop the jab – Johnson & Johnson vaccine rollout paused
805,734,252 – that’s how many doses of the COVID-19 vaccine have been given globally so far as of the 12th April (from 185 locations), according to Our World in Data. Israel, Bahrain and Chile are leading the way with 54.7%, 24.7% and 24.6% of the population fully vaccinated. With more and more people getting the jab across the world, ...
Facebook hits an all-time high
Facebook has had a fair share of negative news headlines in recent times with lawsuits filed against the company and calls to improve the monitoring of information that is posted on the social media platform. Despite that, the share price of Facebook hit an all-time high this week after trading at above $314 per share for the first time durin...
Tesla delivers in Q1
The electric vehicle industry has had a tough few weeks with the global chip and battery shortages affecting electric vehicle manufacturers around the world. Despite that, Tesla delivered 184,800 vehicles in Q1 of 2021, exceeding the number of vehicles produced (180,338). The deliveries consisted of 182,780 Model 3 and Model Y. The rest (2,02...
Dow Jones rally Q1 2021
2021 has been a profitable year for stocks in the Dow Jones Index. Since the turn of the year, the Dow has seen what appears to be a roaring rally with no end in sight, fuelled by a return of investor confidence and a stimulus package aiming to revitalise a stagnant U.S economy. In the first quarter of 2021, we've seen an increase of over 30...
Wall Street vs. Main Street
It has been an eventful week over in the United States this week. Some of the major companies, including Microsoft, Apple, Facebook, and Tesla announced their latest earnings. The Federal Reserve kept their interest rates unchanged at 0.25%. We also saw the US GDP expand by 4% in Q4 of 2020. However, these were not the most talked-about events t...
COTD: FTSE100
FTSE100 – Point & Figure The FTSE 100 looked to ride the tailwinds of positive sentiment sweeping through US markets today but instead failed to maintain a reasonable start, ending the session down and 7 points in the red. However, the longer-term picture looks brighter for the Index as we study the latest point & figure chart shown ...
Electric Car Stocks on the Move
2020 was a good year for electric car space. We have seen shares of most electric car makers surge considerably and take steps to take the industry to the next level, most notably Tesla and NIO. Top 5 automakers by market cap* Tesla at $790.53 billion Toyota at $209.83 billion NIO at $97.21 billion BYD at $94.21 billion Volkswagen at...
COTD: PFE – A Booster Shot For Pfizer Shares?
Pfizer (PFE)- Daily PFIZER - Before Christmas, the pharmaceutical giant Pfizer drew much speculation in the market once it became the first company to develop an approved Covid-19 vaccination. We see this reflected in the bullish activity leading up to December. Now that additional vaccines are available elsewhere, it seems to have had a detrime...
Landing soon – Airbnb IPO
Uber, the world’s largest taxi company, owns no vehicles. Facebook, the world’s most popular media owner, creates no content. Alibaba, the most valuable retailer, has no inventory. And Airbnb, the world’s largest accommodation provider, owns no real estate. Uber, Facebook, and Alibaba have all gone public, but Airbnb has not. But that is a...
Australian economy bounces back from recession
The Australian economy experienced its first recession in almost three decades having contracted for two consecutive quarters. Back in June, the economy slumped by 7% and encountered the worst fall on record. As other global economies, Australia was heavily impacted by an unprecedented raging pandemic. The fall in the June quarter was driven by p...
November: US Election mayhem, second wave of lockdowns, and promising vaccine updates
An election-driven month With just a few days to month's end, the dynamics driving markets have changed compared to a few weeks ago. Risk sentiment was sliding under the influence of politics, mostly by the uncertainty around the US Presidential Election. More recently investors have breathed a sigh of relief on a series of positive vaccine updat...
Year to Date: ASX200 Back in Positive Territory
The Australian share market erased 2020 losses today following a strong performance on Wall Street on Tuesday which caused the blue-chip gauge to top 30,000 for the first time. Amid a series of recent positive vaccine updates, the US share market was buoyed by hopes that there is a less chance of a contested election: The state of Michigan off...
COTD: AMZN – Can Amazon Continue To Ride Pandemic Waves?
AMZN - Daily Amazon.com (AMZN) - As a retail conglomerate, it doesn't get much bigger than Amazon listed on the US Nasdaq exchange. Despite all the pandemic problems, AMZN found itself uniquely positioned to be one of the few companies able to maintain the status quo and even thrive amongst an already weakened retail sector. At the be...
