BNY Mellon shares close higher on Wednesday, BofA upgrades stock to ”Buy” on favorable rates, strategic initiatives and capital management outlooks

March 25, 2021 8:51 am
Bank of America Securities analyst Michael Carrier raised his rating on Bank of New York Mellon (BK) from ”Underperform” to ”Buy”, while citing favorable revenue and earnings outlook. The firm also raised its 12-month price target on the stock from $43 to $50, which compares with a median price target of $49.00. According to Carrier, […] Read more

Lockheed Martin shares close lower on Tuesday, company ties up with Omnispace over space-based 5G network development

March 24, 2021 10:38 am
Lockheed Martin Corp (LMT) on Tuesday announced a collaboration with communications provider Omnispace LLC, aimed to develop a space-based 5G network to be used by both commercial entities and government agencies. A 5G global network based in space is expected to allow users to switch between satellite and terrestrial networks, which would remove the need […] Read more

Facebook shares close higher on Friday, company resolves issue that led to global outage of its services

March 22, 2021 8:37 am
Facebook Inc (FB) has resolved a technical issue, which led to a global outage of its services, including Instagram. Reports in the media stated that the issue had affected Facebook’s online messaging services Whatsapp and Messenger as well. According to outage tracking website Downdetector.com, more than 1 million users had complained about having issues with […] Read more

Alphabet shares close lower on Thursday, over $7 billion to be invested in Google offices and data centers in US this year

March 19, 2021 8:35 am
Alphabet Inc’s Google announced on Thursday plans to invest more than $7 billion in offices and data centers across the United States at a time when Internet traffic rises, as COVID-19-related restrictive measures prompted more users and advertisers to go online. The latest investment aims to expand Google’s data centers in Nebraska, South Carolina and […] Read more

Microsoft shares close higher on Tuesday, company rolls back update, fixing users’ access issues to some services

March 17, 2021 10:15 am
Microsoft Corp (MSFT) said on Tuesday that glitches causing problematic access to some services, including Teams and Outlook.com, had been fixed after an update roll back. In a tweet, the tech giant had said that the access issues were associated with a “recent change to an authentication system.” Microsoft shares closed higher for the fourth […] Read more

Food delivery firm Deliveroo aims to generate $1.4 billion in upcoming IPO

March 17, 2021 8:30 am
Deliveroo said earlier this week that it aimed to sell nearly GBP 1 billion ($1.4 billion) of new shares in its upcoming initial public offering (IPO). The British company also said that the listing would include the sale of shares by some existing shareholders as well, which could potentially push the size of the deal […] Read more

Nasdaq Breaks Above Price Channel

March 12, 2021 11:39 pm
Last week, I shared how NASDAQ was sitting at support and primed for a rally.  Nasdaq (ticker: NDX) finished the week 2% higher almost recovering all of the losses in March. NASDAQ price analysis Beginning February 16, 2021, NDX has been contained within this downward sloping price channel.  Earlier this week, NDX popped above the […] Read more