Investing

Lidar Stocks Are On Fire As Autonomous Vehicles Switch To The Fast Lane

As driverless cars gain popularity and get set for a large-scale adoption ahead, investors have bet big on the very core technology that drives the segment i.e. Lidar, which stands for light detection and ranging. The technology uses lasers and bounces it off surrounding objects to help computers (a car, in this case) detect distances, velocity and altitude, among others, and facilitate better navigation for self-driven cars. Shares of Lidar
Market Blog

GameStop Steals Spotlight Amid Wall Street’s Subdued Performance

Wall Street’s main indexes closed a stormy week on a lower and a volatile note that comprised a David vs Goliath battle between retail investors and major financial institutions holding short positions on stocks such as GameStop (GME). The likes of GameStop and AMC Entertainment (AMC) were at the centre of the retail-buying frenzy, worrying analysts of such trades spilling over to other names. An army of retail investors traded
Market Blog

Wall Street Reports Positive Gains as Biden Takes Office

Wall Street indexes posted positive gains for the week, with the S&P 500 gaining 1.9%, the Dow rising 0.6%, while the Nasdaq jumped 4.2%. The holiday-shortened week began with Joe Biden taking charge as the 46th President of the United States, while Kamala Harris became the first woman, first Black and first Asian American Vice President of the country. Along with the political developments, corporate earnings were in full swing as
Trending

WhatsApp Privacy Concern “Signals” New Era

Less than 15 days into the new year and stay-at-home saviours — social media and messaging apps — have been at the centre of a major global controversy. The developments around both the mediums have made people criticise the incumbent companies in these ecosystems and, in some cases, divided its user base. It began with Twitter (TWTR), Facebook (FB), Instagram, and Snap (SNAP) suspending U.S. President Donald Trump’s accounts for inciting violence,
Market Blog

Wall Street Begins 2021 on a Stimulus Induced High

Markets kicked off 2021 on a strong note, with Wall Street’s main indexes closing the week at a record high on news around stimulus. The week began with Senate runoffs in Georgia being won by Democrats, giving the party control of the chamber and set the stage for more stimulus and public spending to boost the domestic economy. Following a disappointing jobs report during the week, President-elect Joe Biden on
Investing

Are retail stocks set to regain their mojo in 2021?

Retailers in the United States, especially those from the brick and mortar segment, witnessed a tough 2020, laden with massive losses, job cuts, and a plunge in consumer spending. Businesses were either forced to shut shops or file for bankruptcies. According to S&P Global, there were more than three dozen retail bankruptcies in 2020 — a 11-year high, while Coresight Research pegs retail store closures at more than 8,400. The numbers
Market Blog

Markets Close on an Optimistic Note as 2020 comes to an End

In a year when the COVID-19 pandemic infected and killed millions of people globally, with the United States recording the highest number of coronavirus cases, stock markets wrapped up 2020 on an extremely upbeat note. The Dow Jones (DJI) and the S&P 500 (GSPC) closed at record highs on December 31, 2020, and clocked gains of 7.2% and 16.3%, respectively. The tech-heavy Nasdaq (IXIC) wrapped up the year with a
Market Blog

Stocks Post Modest Gains in Christmas holiday-shortened Week

Equity markets in the United States ended the Christmas week with minor gains, with the Nasdaq rising the most with its modest 0.4% weekly gain. Trading volumes were thin in the holiday-shortened week even as the focus remained on the United States’ response to the coronavirus crisis and a stimulus bill to counter the pandemic’s economic damage. During the week, Republicans and Democrats agreed to a $2.3 trillion pandemic aid.
Market Blog

Wall Street Records a Strong Week as Stimulus takes Shape

Stock markets in the United States had a good week, with Wall Street’s major indexes recording gains for the week ended on December 18, 2020. The Dow (DJI) was up 0.4%, while the S&P 500 (GSPC) and the Nasdaq (IXIC) rose 1.3% and 3.1%, respectively. Developments around a U.S. stimulus package had kept investors guessing throughout the period, while the inclusion of Tesla (TSLA) in the S&P 500 from December
Investing

Tech-tonic Shift: Is Cloud Computing The Next Big Theme?

Technology shares have witnessed a phenomenal year, with Facebook (FB), Amazon (AMZN), Apple (AAPL), Netflix (NFLX) and Google [Alphabet] (GOOG) — or FAANG stocks — being an investor’s delight, as the coronavirus boosted remote working and rapid digital adoption while forcing people to stay indoors and scout for entertainment content online. Not just for this year, FAANG stocks have been major wealth creators for investors. In about ten years, they