DAILY MARKET REPORT

DAILY MARKET REPORT

Earnings season gets into full swing this week. IBM (NYSE: IBM) reports its first-quarter earnings on Monday, April 20, after the market close.  As we know the Last quarter, IBM surprised Wall Street with Q4 revenue growth. The other important US earnings this week Netflix Inc. (NFLX), Coca-Cola Co (KO), Intel Corp (INTC) etc. 
DAILY MARKET REPORT

DAILY MARKET REPORT

Netflix’s shares hit an all-time high on Wednesday. The stock benefited from the current pandemic as millions of people remain under stay-at-home orders. Netflix’s stock extended its three-day rally, closed up 3.2%, to $426.75 per share. That gives Netflix a current market capitalization of $187.3 billion, putting it just over Disney’s $186.6 billion. Netflix is...
DAILY MARKET REPORT

DAILY MARKET REPORT

On Wednesday, global deaths passed 128,000 as total cases went past 2 million. More than 500,000 patients have recovered. The United States is the world’s worst-affected country and its coronavirus death toll topped 30 000 on Wednesday. Singapore on Wednesday reported 447 new coronavirus cases, yet another record, to a total of 3,699. EQUITIES Stocks...
DAILY MARKET REPORT

DAILY MARKET REPORT

On Tuesday, Trump blamed the global pandemic on the World Health Organization, saying the UN agency had “failed in its basic duty” and that it promoted China’s “disinformation.” He said he would halt funding to the WHO. He also said on Tuesday he is close to completing a plan to end the coronavirus shutdown, at...
DAILY MARKET REPORT

DAILY MARKET REPORT

Amazon (AMZN) shares surged 6.2% on Monday after the company stopped accepting new online grocery customers due to strong demand. Amazon expects more than $500 million in payroll increases, up from a previous estimate of $350 million, to reach its goal of increasing hourly employee’s wages by $2 an hour, and to double base pay...