Stock news

On Thursday, Lululemon Athletica Inc. surged as its second-quarter earnings exceeded estimates. On the Frankfurt Stock Exchange, Lululemon soared 13.34% or 42.50 points to $361.05 per share.  The Canadian-American company is a designer, distributor, and retailer of sports apparel and accessories. Moreover, Lululemon has a market capitalization of $41.93 billion and shares outstanding of $1.30 …

Lululemon Stocks Surge as Q2 Earnings Beat Estimates Read More »

On Wednesday, European stocks slipped as worries hiked on the surge of coronavirus infections which could cause a slowdown in economic growth. Moreover, investors look forward to the European Central Bank meeting on Thursday. Experts expect that the ECB will possibly discuss the reduction in its asset purchasing program. Consequently, the pan-European STOXX 600 declined …

European Stocks Retreated on Economic Growth Worries Read More »

On Tuesday, Softbank Group Corp hiked after announcing its stock-swap deal with Deutsche Telekom. Softbank sharply spiked 9.86% or 623.00 points to $6,943.00 per share. The Japanese holding company invests in breakthrough technology such as telecommunications, internet services, AI, smart robotics, IoT, and clean energy technology providers. SoftBank signed a complicated deal that includes its …

Softbank up After Its Stock Swap Deal with Deutsche Telekom Read More »

BYD Auto Co., Ltd. looks forward to a more than 300.00% surge in its August sales. The company name BYD stands for “Build Your Dreams” and is one of China’s biggest electric vehicle makers.  In addition, the automotive company develops in-house various core parts for electrified vehicles. BYD has a current market capitalization of $752.90 …

BYD Eyes More than 300% Surge in Its August Sales Read More »

On Friday, Alibaba stocks dropped as the tech giant vowed to invest $15.5 billion by 2025, fostering social equality. Alibaba Group Holding Ltd. plummeted 3.57% or 6.71 points to $164.90 per share. Recently, several companies pledged billions to support the common prosperity slogan of Beijing, as they seek to stay on the good side of …

Alibaba Stocks Drop as It Pledge $15.5 B Donation Read More »

After its fiscal second-quarter report missed the estimates, chewy shares tumbled by 0.78% or 0.69 points to $87.43. Since the start of the year, the company lost 2.00% of shares compared to the S&P 500’s gain of 20.40%. The American e-commerce company, a subsidiary of PetSmart, provides pet food, products, and services on its platform. …

Chewy Shares Tumbled Following Disappointed Fiscal Q2 Result Read More »

On Wednesday, European stocks inched closer to record highs as traders shook off concerns about the rising inflation data.  After seven consecutive months of gains, the pan-European STOXX 600 soared 0.06% to $473.76 per share.  Similarly, the European STOXX 50 spiked 0.72% to $4,226.45 per share.  Last Tuesday, concerns spilt as the eurozone inflation hiked …

European Stocks Climbed as Traders Shook Off Inflation Data Read More »

On Tuesday, August 31, Japanese stocks were up as the Nikkei 225 led gains by 1.08%, hitting a fresh one-month high. While in the Asia Pacific region, the ASX 200 also rose. On the Tokyo Stock Exchange, Real Estate, Paper & Pulp, and Railway & Bus sectors led the higher shares. The Nippon Yusen K.K. …

Japan Stocks up As Nikkei 225 Hits Fresh One-Month High Read More »