December 23, 2020 8:35 am
According to a recent report by Reuters, Apple Inc (AAPL) intends to begin production of a passenger vehicle by the year 2024 by using its own battery technology. Apple’s new battery design could lead to a “radical” reduction of battery costs and also improve the vehicle’s range, the report stated. Apple shares closed higher for […]
Read moreDecember 22, 2020 8:36 am
Lockheed Martin Corp (LMT) said over the weekend that it would acquire US rocket engine maker Aerojet Rocketdyne Holdings Inc in a deal valued at $4.4 billion, including debt and net cash. The deal is expected to be finalized during the second half of 2021, subject to regulatory approvals. Lockheed Martin shares closed lower for […]
Read moreDecember 21, 2020 8:28 am
According to a report by Reuters, citing sources with knowledge of the matter, Blackstone Group Inc (BX) is exploring a merger of US benefits services provider Alight Solutions LLC with a blank-check acquisition company backed by investor Bill Foley. Blackstone shares closed lower for the fifth time in the past ten trading sessions in New […]
Read moreDecember 17, 2020 9:00 am
Southwest Airlines Co (LUV) said on Wednesday that it would take delivery of 35 Boeing 737 MAX jets through the end of next year. Those deliveries will include 16 leased aircraft, Southwest said. The air carrier also noted that the 737 MAX would probably return to revenue service in March. Shares of Southwest Airlines closed […]
Read moreDecember 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 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 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 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 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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