December 16, 2020 8:34 am
According to a report by the Nikkei newspaper on Tuesday, Apple Inc (AAPL) intends to produce up to 96 million iPhones during the first six months of 2021, or an annual increase of nearly 30%, due to strong demand for the company’s 5G handsets. Apple shares closed higher for the fifth time in the past […]
Read moreDecember 15, 2020 10:27 am
Following a 0.7% rebound on Monday, GBP/USD remained mostly steady in mid-European session on Tuesday as investor optimism over the possibility of a post-Brexit trade deal re-emerged. Yesterday the currency pair surged to 1.3445, rebounding from last Friday’s one-month low of 1.3134, after reports stated EU and UK negotiators had agreed on Sunday to “go […]
Read moreDecember 15, 2020 8:57 am
Exxon Mobil Corp (XOM) announced on Monday plans to reduce its greenhouse gas emissions over a five-year period in an attempt to contribute to the objectives of the Paris Agreement. Exxon Mobil shares closed lower for a second consecutive trading session in New York on Monday. It has also been the steepest single-session loss since […]
Read moreDecember 14, 2020 9:21 am
According to a report by the Nikkei newspaper, Lockheed Martin Corp (LMT) will participate in a project, led by Mitsubishi Heavy Industries and aimed to develop a new fighter jet. The aircraft will be put to service by the Japanese air force by the mid-2030s. Lockheed Martin shares closed higher for the fourth time in […]
Read moreDecember 11, 2020 10:18 am
Spot Gold traded within a narrow range in Europe on Friday and was set to register its fourth loss out of five weeks, as pressure on the US Dollar eased due to a possible delay in US fiscal stimulus deal. The US Senate is expected to vote on a stopgap measure on Friday to keep […]
Read moreDecember 11, 2020 8:31 am
Walmart Inc (WMT) announced on Thursday plans to increase annual exports of India-made goods three-fold to $10 billion by 2027. Walmart shares closed lower for a second consecutive trading session in New York on Thursday. The stock went down 0.47% ($0.69) to $147.04, after touching an intraday low at $146.58, or a price level not […]
Read moreDecember 10, 2020 10:55 am
Futures on US West Texas Intermediate Crude Oil surged 1% on Thursday, as optimism over a faster oil demand recovery following COVID-19 vaccine roll-out outweighed a sharp increase in US crude oil stocks. COVID-19 vaccinations were initiated in the UK this week and are about to begin during the upcoming weekend in the US. WTI […]
Read moreDecember 10, 2020 8:34 am
Daniel Ives, an analyst at Wedbush, revised up his 12-month price target on Apple Inc (AAPL) from $150 to $160 and assigned a Street-high bull case target of $200, as he cited the strongest iPhone trajectory since 2014. Wedbush also maintained an “Outperform” rating on the stock. Apple shares closed lower for the third time […]
Read moreDecember 9, 2020 10:25 am
AUD/USD surged sharply in early European session on Wednesday, while hitting a fresh 29-month high, as hopes over US stimulus as well as COVID-19 vaccine approval fueled investor risk sentiment. The Trump administration proposed on Tuesday a $916 billion coronavirus aid package, after a slimmer proposal had already been rejected by congressional Democrats. Meanwhile, the […]
Read moreDecember 9, 2020 9:01 am
UBS raised its 12-month price target on FedEx Corp (FDX) from $320 to a Street-high level of $380, as the bank is confident that the shipping company will outstrip a consensus of estimates when it reports results on December 17th. The median estimate by analysts points to earnings per share of $3.81. FedEx shares closed […]
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