As part of a massive market crash on Monday, Big Tech companies ended up losing billions-of-dollars of investors’ wealth. Apple is the most-affected Big Tech company from the Coronavirus outbreak as it largely depends on China for its manufacturing.On Monday, financial markets in the U.S. and across the globe plunged heavily on account of rising coronavirus cases outside China. The fall in the broader markets came after South Korea and Italy reported a sudden splurge in coronavirus cases on...
Read More »Microsoft (MSFT) Stock Lost 3% on Friday but What Will It Be in Near Future?
The recent fall in Microsoft (MSFT) stock might be nothing to worry about when the company’s general health and future plans are considered.By the close of the market last week, three of the world’s biggest tech stocks had gone down a bit. Alphabet Inc. (NASDAQ: GOOGL), Apple Inc. (NASDAQ: AAPL) and Microsoft Corporation (NASDAQ: MSFT) had all lost between 2% and 3% of their weight. Even though all stocks are known to swing considerably, these ones did not regain any of the losses and plunged...
Read More »Apple (AAPL) Stock Down More Than 2% as Coronavirus Threatens Tech Bear Market
As Apple feels the heat from the coronavirus, AAPL stock is plunging and it looks like things might get worse for other tech stocks as well.Several companies and stocks in general, are still feeling the unpalatable effects of the coronavirus outbreak. Because of several restrictions placed by Chinese authorities as well as other governments, these businesses are taking a hit. The decline inevitably means that their stocks are also suffering. Apple Inc. (NASDAQ: AAPL) stock has felt this...
Read More »Dow Jones Drops 280 Points Dragging Down Stocks as Coronavirus Fears Rise
Dow drops 280 points, stocks down thanks to coronavirus panic in the U.S. investors pour cash into treasuries and gold. Market analysts predict corporate and personal income fall in the next months. Favipiravir needs tests to cure coronavirus.Chinese people are fighting the virus in a closed source model and many people keep their concerns regarding the coronavirus spreading. The Dow Jones Industrial Average falls, and experts claim that stagnation is coming.COVID-19 is not as deadly as some...
Read More »Warren Buffett Finds ‘Elephant’ with Giant Stake in Apple (AAPL) Stocks
Over the last few years, the giant stake in Apple (AAPL) stocks acquired by a prominent investor Warren Buffett has paid off significantly with more than 80% returns.Warren Buffett‘s Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) is an investment behemoth with a great ability to select the right purchases. Regardless of the general volatility in most financial markets, Berkshire Hathaway has pulled in significant results from its investments over the last couple of years. Last year, Warren...
Read More »Apple (AAPL) Stock Down 1% as Company Wants to Let Users Switch Default iPhone Apps to Rivals
Apple is reportedly set to give iPhone users the opportunity to install third-party apps as default for mail and browser. AAPL stock loses 1%.The iPhone’s operating system is known to be quite closed. While it is not reduced in functionality, Apple (NASDAQ: AAPL) controls pretty much all of the default apps that are pre-installed on the iPhone. This decision by the tech giant has ensured a certain level of monopoly with its products but has angered many other projects that design applications...
Read More »Davis Selected Advisors Prefers Intel (INTC) Stock to Microsoft (MSFT)
As part of its portfolio reshuffling strategy for 2020, investment giant David Selected Advisors decided to dilute its stake in Microsoft (MSFT) while simultaneously seeing a strong potential and increasing its stake in the Intel (INTC) stock.Since the beginning of 2020, the markets have been soaring massively making fresh highs every week. Earlier this week on Wednesday, both S&P 500 and Nasdaq made their record highs. While the Dow Jones Industrial Average (DJIA) continued to soar a...
Read More »Virgin Galactic (SPCE) Stock Rises in 310% Rally to Outperform Tesla (TSLA)
In the past three months, Virgin Galactic (SPCE) stock has climbed 310%, outperforming Tesla (TSLA) and Apple (AAPL).These days, Richard Branson’s Virgin Galactic Holdings Inc (NYSE: SPCE) is the most frequently mentioned company in headlines of tech news. And hot discussions around its activity are no wonder as the company’s stock shows incredible movements. Virgin Galactic (SPCE) stock rises, with shares of the company nearing $40. The company’s stock has climbed 310% in the past three...
Read More »New Picks: S&P 500 and Nasdaq Hit Records, Dow Is Up Over 100 Points
S&P 500 and Nasdaq Composite, as well as Dow Jones Industrial Average index, have set new records as tech stock has jumped. Some stocks, like Virgin Galactic (SPCE), are also in green.On Wednesday, the major stock market index rose to record highs, which means the largest companies listed on stock exchanges in the United States have shown good stock performance. In particular, tech shares have outperformed all the expectations. Prime examples that demonstrate bullish moods are S&P...
Read More »S&P 500 and Nasdaq Benefit from Strong U.S. Economy Despite Coronavirus Fears
S&P 500 and Nasdaq reached an all-time high supported by the stability of the U.S. economy and assurances from Chinese authorities to help businesses affected by the coronavirus outbreak.The S&P 500 and Nasdaq rose on Wednesday to trade ATHs after positive comments by the Federal Reserve which encouraged investors. The investors in the stock markets were encouraged by the Chinese authorities who said they will assist the coronavirus stricken business to recover.This is after...
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