Apple shares gain the most in 2 1/2 weeks on Monday, stock upgraded to “Buy” at Loop Capital as firm cites strong 2021 sales outlook

December 1, 2020 9:04 am
Loop Capital has raised its rating on Apple Inc (AAPL) from “Hold” to “Buy”, while assigning a 12-month price target of $131, as the firm highlighted stronger iPhone build and shipment outlook. Apple shares closed higher for a fourth consecutive trading session on NASDAQ on Monday. It has also been the sharpest single-session gain since […] Read more

Amazon shares gain for a third straight session on Friday, front-line employees in the US to receive holiday bonuses costing Amazon over $500 million

November 30, 2020 9:26 am
Amazon.com Inc (AMZN) announced plans to spend over $500 million on one-time bonuses for its US front-line employees who are working during the busy holiday season amid the pandemic. Amazon shares closed higher for a third consecutive trading session on NASDAQ on Friday. The stock edged up 0.32% ($10.27) to $3,195.34, after touching an intraday […] Read more

Tesla shares close at an all-time high on Wednesday, company to manufacture electric vehicle chargers in a new China facility

November 26, 2020 8:45 am
According to a report by Reuters, citing a document submitted to the Shanghai authorities by Tesla Inc (TSLA), the US company intends to begin producing electric vehicle chargers in China in 2021. Tesla shares closed higher for a third consecutive trading session on NASDAQ on Wednesday. The stock went up 3.35% ($18.62) to $574.00. The […] Read more

General Motors shares gain for a fourth straight session on Monday, 5.9 million vehicles to be recalled due to faulty air bag inflators

November 24, 2020 9:09 am
General Motors Company (GM) will have to recall 5.9 million trucks and SUVs equipped with Takata air bag inflators, after its petition to avoid the callback has been rejected by the US National Highway Traffic Safety Administration. General Motors shares closed higher for a fourth consecutive trading session in New York on Monday. It has […] Read more