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Tag Archives: Stocks

Verizon (VZ) Stock Down 1.38% Despite Upgrade to ‘Conviction Buy’ by Goldman Sachs

Verizon stock is falling today despite the upgrade announcement by Goldman Sachs. Goldman Sachs added VZ stock to its ‘Conviction Buy’ list, explaining that the stock offers investors the most attractive combination of total returns and risks.Verizon Communications Inc (NYSE: VZ) stock dropped nearly 1.5% after the market opened on Wednesday, April 1 to trade $52.94. The drop was in contrast with most expectations, as Goldman Sachs had upgraded it to its ‘Conviction Buy’ list. The group...

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Macy’s Stock Drops Another 7.6% as Company Is Dumped from S&P 500 Index

Macy’s has been removed from the benchmark S&P 500 stock index. Its market capitalization currently is a representative of small-cap space according to S&P Dow Jones Indices.American department store Macy’s Inc (NYSE: M) is currently experiencing the adverse effect of the novel coronavirus as it has been revealed that it will be removed from the benchmark S&P 500 stock index and be replaced by air conditioning company Carrier Global. Carrier Global Corp spun out last month by...

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Bitcoin Can’t Seem to Decide If It Wants to Replicate Stocks or Not

The argument continues over whether bitcoin and stocks are correlated. Some say they are, while others say that the crypto industry follows a path all its own.So, Do Stocks and Bitcoin Follow Each Other?At the time of writing, the stock market (Dow Jones) has spiked another 100 points, while crypto, for the most part, remains somewhere in the middle. Over the last day or two, we’ve seen many digital assets incur small spikes, while others have taken a few steps back.Bitcoin, for example, was...

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Zoom (ZM) Stock Price Falls 5.88%, Company Is Sued for Alleged Data Sales to Facebook

Zoom (ZM) stock price is down around 6% after several privacy issues are discovered. The video conferencing company has faced a lawsuit in California and an investigation by the New York Attorney General.Zoom Video Communications (NASDAQ: ZM) stock price is down 5.88% at the time of writing. Now it is trading at $137.52. Sources say that the popular video conferencing company’s shares fell as a result of concerns about alleged sales of customers data. The company is alleged to have shared...

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Marriott (MAR) Stock Down 6.76% Now as 5.2M Guests’ Personal Info Was Likely Breached

Marriott International (MAR) stock is falling as the company had been hit by its worst customer data breach.Marriott International Inc (NASDAQ: MAR) stock price is down 6.76% after falling 5% in the pre-market. It happened after the company announced on Tuesday it had suffered a massive data breach. The American multinational diversified hospitality company is well known for managing the different line of hotels and lodging facilities. At the time of writing, Marriott (MAR) stock is trading...

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Alphabet (GOOGL) Stock Rose 1% Yesterday but Fell Around 3% in Pre-market Today

Alphabet (GOOGL) stock price has been topsy-turvy. This, however, doesn’t change the company’s profit outlook as investors expect increased demand due to the COVID-19 situation.Alphabet Inc (NASDAQ: GOOGL) stock prices have been volatile in recent times. Sources say that the technology giant’s stock has had a rough time. This has been mostly due to the COVID-19 situation. This hasn’t slowed the demand for Google’s products. Google which is Alphabet’s child company, has seen an increase in the...

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JNJ, MRNA Stocks Down Around 1.5%, J&J and Moderna to Produce Possible COVID-19 Vaccine

The U.S government has partnered Johnson & Johnson and Moderna to facilitate the production of the possible COVID-19 vaccine in large quantities.The government of the United States of America alongside Johnson & Johnson (NYSE: JNJ) and Moderna Inc (NASDAQ: MRNA) have partnered to produce in more substantial amounts possible vaccine for COVID-19 before the real vaccines hit the market. As per report, the U.S. government is also working to partner with not lesser than two other...

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Tesla (TSLA) Stock Is Moving 5.25% Up Today, Is It a Great Choice During Downtrends?

Tesla seems to be an all-weather stock. It could still remain a leading stock during this turbulent period for several reasons. Despite the recent fall, today TSLA is up.Tesla Inc (NASDAQ: TSLA) stock seems to be a great choice during downtrends. This is because the stock price turns out to do better under pressure. This particular characteristic has been monitored by both fans of the stock and foes alike. Tesla (TSLA) surged by about 23% last week. One thing to note though was that though...

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GE Stock Rises 1.97% Today, General Electric Staff Protests at Company’s Headquarters

General Electronic workers protest at the company’s headquarters after the announcement of a possible lay-off. However, GE stock shows a positive tendency.Amidst the coronavirus pandemic, the world has been forced to experience an economic recession with prices of commodities in the international market crashing day by day as multinational firms are experiencing a hard time as well. General Electric (NYSE: GE) is one of the many multinational firms hit by the pandemic. It has also had to deal...

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Ford Stock Up 1.39% Now, Company Plans to Make 50,000 GE Ventilators to Fight Coronavirus

Ford (F) stock price is unstable while the company is preparing to produce 50,000 GE ventilators in collaboration with Generic Electric to help coronavirus patients.Ford Motor Company (NYSE: F) stock fell 3.08% on March 30, to trade at $5 per stock. But today it is trading with a 1.39% rise at $5.10. As with most U.S. stock markets at the moment, Ford (F) stock has recovered from the previous free fall thanks to the coronavirus stimulus package meant to cushion the market from further...

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