Apple and Microsoft have lost around $400 billion each during the latest market sell-off over the last month. Analysts weigh in suggesting Microsoft a better buy over Apple at this stage.There’s bloodbath on Wall Street this week with almost all indices crashing to the tune of 5% and above every single day. While the Dow Jones crashed 10% on Thursday, bluechip company stocks also came tumbling down. Tech giants like Apple Inc (NASDAQ: AAPL) and Microsoft Corporation (NASDAQ: MSFT) have also...
Read More »Tesla (TSLA) Stock Down 11.62%, Morgan Stanley Cuts Target Over Coronavirus Concerns
As the whole markets come crashing down, Tesla stock price tanked 11.62% on Tuesday closing at $560 levels. With the Tesla production taking a massive hit, analysts are slashing the target for its stock price.Almost every stock on the market has taken a severe beating over this week’s market massacre amid coronavirus spread, and Tesla Inc (NASDAQ: TSLA) is no different. Just over the last five days, the Tesla (TSLA) stock price has crashed over 20%. On Thursday, Dow Jones closed 10% lower...
Read More »Trump’s Travel Ban Imposed Because of Coronavirus Crashes Most European Airlines Stocks
After the emergency travel ban that was imposed by President Donald Trump on most European countries, the airlines stocks have plunged nearly 10%-15%.Following a directive by Donald Trump to halt all air travel from a dozen countries in Europe for the next 30 days, airline stocks fell drastically by nearly 10%. The travel ban affects, first of all, the European market. Deutsche Lufthansa AG (ETR: LHA) was trading 10% lower, wiping out all the profit gains made this year. Air France-KLM SA...
Read More »Bitcoin Options Trading Is At an All-Time High
Bitcoin hasn’t been doing well as of late when it comes to price, but in terms of options trading, things are rising higher than anyone had anticipated.Bitcoin Options Are Getting a Lot of AttentionIt is being reported that trading volumes amongst bitcoin options have broken new records. The total trading volume amongst major platforms – i.e. Bakkt, CME Group, etc. – is just shy of $200 million, thereby breaking the previous all-time high of $171 million set last February by almost $30...
Read More »Uber and Lyft Stocks Dip 8% and 12 % Respectively Due to Coronavirus Fears
Uber (UBER) stock price is at $23.54 which is a 10.29% decline since trading started. Lyft (LYFT) stock price is at $25.29. This is an 12.82% decline since trading hours began as well.Uber Technologies Inc (NASDAQ: UBER) and Lyft Inc (NASDAQ: LYFT) stock prices have fallen. Sources say that this is due to COVID-19 fears. The main fears have to do with people sharing car rides with absolute strangers. Those fears are said to be part of the general panic sweeping through the world at the...
Read More »Amazon (AMZN) Stock Down 4% Even Though It Announces $25M COVID-19 Fund for Employees
Amazon stock has not responded favorably to the company’s announcement of a $25 million coronavirus fund that it set up for employees.Even the world’s biggest companies are suffering under the effects of the coronavirus. Apart from the fall in their stocks, some of these companies can no longer handle business the way they normally would because of a high risk in the chance of infection. Amazon’s business is also significantly affected because of its high reliance on products from China....
Read More »FX, Commodities and More: Build the Perfect Trading Portfolio with PrimeXBT
PrimeXBT is a good choice for traders seeking diversification thanks to the low fee structure that rewards those who take positions more frequently, or across many asset types. There are several factors that go into a proper risk management strategy.Any trader worth their salt very well understands the importance of planning and execution, which includes the timing of exits or entries with limit orders and setting stop loss or take profit orders at key levels.But one critical factor is often...
Read More »European Stocks Slide 6.4%, Travel Down 10%, Trump Imposes Travel Ban from Europe
European stocks have crashed after U.S. President Donald Trump imposed a ban on travel from several countries in Europe. Travel volume has also plunged.As the coronavirus continues to spread, several countries are increasing the measures they are taking to curb the infection. Many parts of China, where the virus first originated, are still on lockdown. Italy, which currently has the second-highest number of infections, has also imposed restrictions on several parts of the country. Confirmed...
Read More »Dow Futures Drop 1,100 Points, Donald Trump Didn’t Convince Investors
Dow futures drop 1100 points because Donald Trump didn’t manage to convince investors that coronavirus is not as dangerous as they feel. Market goes red again.People on the market keep panicking despite the U.S. president Donald Trump‘s speech. Dow continues the fall after investors didn’t believe that the situation is under control.The Dow industrial index looks scary because its 11 years-long bull market has ended with a two months bear market. It already took approx. 20% of all the gains...
Read More »Boeing (BA) Stock Down 18.15% after 737 MAX Order Cancellations
Boeing seems to be fragile at the moment, a great number of 737 Max orders are canceled. BA stock is falling.Boeing Co (NYSE: BA) may face a tough year ahead, its stock is seriously down. This is because of the recent scrapped orders for its 737 Max. Sources report that the planemaker suffered a greater number of plane cancellations in February. This is also coming as the company is facing market scrutiny after two crashes of its greatest selling plane last year.Across the board, orders were...
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