Stocks Archives - Page 8 Of 11 - SCOPE MARKETS Blog

Quarter 2 Disney+ surge of 95 million subscribers leads to surprise profit

Walt Disney (NYSE: DIS) reported their 2nd quarter earnings report on 11th Feb 2021. They surprised investors with $16.25B in revenue compared to an expected $15.93. Investors expected a $0.41 loss but were surprised with a $0.32 profit in earnings per share. Key Takeaways Disney+ new subscriptions growing at a surprising rate leading to surprise […]

by Rufas Kamau
3 years ago

Cannabis stocks flying as the r/WallStreetBets focusses in

Gamestop saga may have ended but the retail investors haven’t stopped combing the markets for opportunities. This week, the Redditors have turned their focus to cannabis stocks and they are making big moves. Tilray, Aurora, Canopy Growth and Aphria have been making abnormal gains. Key Takeaways Tilray short squeeze 2.0 is largely being pushed by […]

by Rufas Kamau
3 years ago

Bitcoin Surges 57.7% in 2021 amid $1.5B Tesla Endorsement

Elon Musk has been supporting cryptocurrency adoption for the past couple of years. However, in 2021, he has become more aggressive in making clear of his intentions. On January 29th, he changed his Twitter profile Bio to #Bitcoin. This caused a 20% surge in Bitcoin price. Key Takeaways Tesla’s purchase of Bitcoin might lead other […]

by Rufas Kamau
3 years ago

Gamestop Saga ends badly for the Redditors. But is this the end?

Gamestop saga refers to an event that happened in January 2021. It began with a 2.2 million Reddit community named r/WallstreetBets where one of the subredditors named DeepF**kingValue wrote a post exposing the massive short positions on Gamestop shares. They then ganged together to buy the stock thereby driving it over 1500% up in less […]

by Rufas Kamau
3 years ago

Pfizer Slumps 4% after reporting Mixed Earnings

Pfizer was the first company to report that they had developed a covid-19 vaccine in partnership with German company BioNTech. Investors have been placing big bets on biotech companies since the beginning of the pandemic. However, keen focus has shifted to biotech earnings to weigh whether the companies have actually made significant revenue and profits. […]

by Rufas Kamau
3 years ago

Facebook earnings outperformed expectations but share prices dip due to 2021 uncertainties

KEY POINTS• Earnings beat up wall street expectations• Facebook warns of uncertainty of the company’s future• Share prices rose to $3.88 per share Better-than-expected earnings on Facebook The Facebook company reported its most awaited earnings results on the 27th January 2021 after the U.S market closing bell. The earnings came out way better than expected […]

by Lulama Msungwa
3 years ago