Stocks Archives - Page 9 Of 11 - SCOPE MARKETS Blog

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
4 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
4 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
4 years ago

Is the Bubble going to burst for US stocks?

American equities are currently trading near or at all-time highs despite operating in a country that was worst hit by Covid-19 pandemic in the year 2020. Key benchmark indices such as the S&P 500 index, Dow Jones 30 index, and the Nasdaq 100 index are all trading at alarmingly high valuations. Investors are beginning to […]

by Rufas Kamau
4 years ago

Apple stock falls despite positive earnings

Key points Earnings beat investors’ expectations Recorded a revenue of $111.4 billion in Q1 2021 earnings First time Apple will be recording $100 billion quarterly earnings It was a very busy week in the stock markets with Tech companies reporting their earnings for the first quarter of 2021. On Wednesday Apple reported its highest quarterly […]

by Adegbotolu Kehinde Erastus
4 years ago

Tesla Stock Slumps 4.97% Despite Making its First Full Year Profit

Tesla announced their first earnings report this year on 27th January 2021. The revenues and profits slightly missed Wallstreet’s targets leading to a 2.14% slump by market close, and a 4.97% in after hours trading. Nasdaq dropped about 5% on this downbeat news. The company made $10.7B in sales revenue and $0.80 earnings per share […]

by Rufas Kamau
4 years ago