Solo will Trade Back to $2 – Citron Research
Citron Research has termed ElectraMeccanica Vehicles Corp.’s stock, SOLO, a complete joke and said it is overvalued in a Citron’s Tweet. Andrew Left’s Research company believes the stock will trade…
The U.S. Initial Jobless Claims Rise Above Expectations
U.S. seasonally adjusted initial claims for the week ending November 14 was 742,000, up 31,000 from the previous week's revised level and above expected 700,000, according to the Department of…
Nvidia’s Third Fiscal Revenues Rose by 57%. Issues Guidance
Nvidia recorded revenue of $4.73 billion in Q3 2020, a rise of 57% from the prior year and above Q2 revenues of $3.87, according to the company’s press release. Revenue…
Overheating Batteries are a Hindrance to the EV Push-Reuters
Vehicle recalls and investigations are facing major electric vehicle (EV) makers worldwide, according to Reuters. The EV makers are facing challenges after a series of fires from overheating batteries in…
Amazon Expands Push into Healthcare with Online Pharmacy
Amazon announced new pharmacy offerings on Tuesday as it pushes into the healthcare industry through affordable and accessible medicine, according to the company’s press release. Amazon Pharmacy, the new store,…
Tesla Surges on Joining S&P 500 in December
Tesla shares rose 15% to $467.50 in extended New York trading and 9.6% on Germany’s Tradegate exchange on Tuesday following news that it will Join S&P 500 on December 21,…
Moderna’s Vaccine is 94.5% Effective at Preventing COVID-19. No Significant Safety Concerns So Far
A preliminary large late-stage clinical trial has shown Moderna’s COVID-19 vaccine candidate is 94.5% effective in preventing COVID-19 and has no significant safety concerns, according to the company’s press release.…
Deutsche Bank Raises Nvidia Price Target to $500 Ahead of Quarterly Earnings Release
Deutsche Bank has raised Nvidia’s share price target from $450 to $500 , as the chip-maker prepares to release Q3 2020 earnings report on November 18, according to TheStreet. Deutsche…
Initial Jobless Claims for Week Ending November 7 Fall Below Expected
U.S. initial jobless claims for the week ending November 7 were 709,000, a decline of 48,000 from the previous week’s revised level, and below the estimated 731,000, according to the…
National 4-6 Weeks Lockdown Could Control the Pandemic and Revive the U.S. Economy – Biden COVID Advisor
Dr. Michael Osterholm, the coronavirus advisor to U.S. president-elect Joe Biden, says that a lockdown of 4 to 6 weeks will help control the pandemic and revive the economy, according…
One Medical Revenues hit a New Record Above $100 million in Q3 2020. Issues Guidance
1life Healthcare Inc. (One Medical) recorded net revenues of $101.7 million in Q3 2020, a 46% rise year over year, according to the company’s press release. Ending membership hit a…
First Solar’s Stock Falls after Downgrade Following Concerns of Biden’s Presidency
The shares of First Solar Inc. fell 6.9% on Tuesday morning trading, following Raymond James analyst’s double downgrade from bullish to bearish, reports MarketWatch. Pavel Molchanov, Raymond's analyst, cited concerns…