DAILY MARKET REPORT

DAILY MARKET REPORT

HP (NYSE: HPQ) announced its second-quarter financial results on Wednesday. The company reported revenue for the last quarter 11.2% lower than the $14.04 billion reported during the same time last year.

  • Earnings per share (EPS) $0.51 vs. $0.44 expected 
  • Revenue $12.47 billion vs. $12.93 billion expected
DAILY MARKET REPORT

DAILY MARKET REPORT

The Alibaba stock slid as much as 4% in Hong Kong on Monday after the e-commerce giant has forecasted slow growth for this year. The company projected sales of about 650 billion yuan ($91 billion) and the fourth-quarter profit fell 88% from the same period a year ago. The (NYSE: BABA) stock price was down 6% to $199.70 during the last trading session on Friday. "The pandemic has fundamentally altered consumer behaviour and enterprise operations, making digital adoption and transformation a necessity," CEO Zhang said. 
DAILY MARKET REPORT

DAILY MARKET REPORT

Brazil has the world's second-highest number of confirmed coronavirus infections, behind only the United States. As of Sunday, the country had reported more than 347,000 cases of COVID-19 and at least 22,000 deaths.
What happened to the British Pound this week?

What happened to the British Pound this week?

In the currencies market, the pound continuously trading weaker against the euro and the dollar on Friday after weaker-than-expected UK monthly retail sales report. Moving ahead to the last week of this month the investors and traders have become increasingly concerned about the UK’s economic health going forward. The currency has come under pressure after BoE’s stance on negative interest rates and the preparations for a no-deal Brexit.

DAILY MARKET REPORT

DAILY MARKET REPORT

The Facebook stock surged to a new all-time high of $230.75 on Wednesday after the company launches a new feature called Shops, a virtual mall designed to help businesses suffering during COVID-19. “This is the biggest step we have taken yet to enable commerce across our apps,” Facebook CEO Mark Zuckerberg said.