Monday, November 23, 2020

Stocks Worth Noticing From Wednesday Trading

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Dolby Labs (DLB) Stock Marked 52-Week High On Tuesday, Expecting Growth In Current Quarter

Dolby Laboratories Inc. (NYSE: DLB), which develops audio and video technology broadcasting solutions, published a fourth quarter update last week. The business has been...

Itaú Unibanco (ITUB) Soars on Its Addition to the Dow Jones for the 21st Consecutive Year

The Brazilian bank gets included in the Dow Jones Sustainability World Index 2020/2021 for a straight 21st year since the index creation in 1999....

Tesla, Inc. (TSLA) Joins S&P 500;Morgan Stanley Raises EV giant Price Target

Wall Street analyst goes bullish on Musk’s EV maker as they see high-margin in firm’s potential software and services segment. Moreover, Tesla’s inclusion in...

One Way Or Another, Maxar Technologies (MAXR) Will Be Benefited From NASA’s Initiatives

Maxar Technologies Inc (MAXR) is a space technology corporation which designs components for the lunar program, builds satellites for NASA and offers remote sensing...

Amazon (up 6.3%), Apple (up 4%), Facebook (up 8.3%), Microsoft (up 4.8%) and Alphabet (up 6%) all ended up increasing dramatically. GAFAM has taken advantage of the remoteness of the “blue wave” scenario, which decreases the chance of stricter antitrust rules for them.

Uber (up 14.5 percent) and Lyft (up 11.2 percent) climbed in terms of their drivers’ status after winning a victory in California. Therefore, the self-employed status is retained, which preserves the independence sought by both companies’ management.


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Alibaba (up 3.5 percent) rebounded after dropping 8.1 percent on Tuesday, following the sudden suspension of its financial affiliate Ant Group’s IPO in Shanghai and Hong Kong. The Shanghai Stock Exchange has addressed changes in the regulatory environment to postpone the trade, with 48 hours to go before the IPO scheduled for Thursday. As a consequence, Ant Group will no longer fulfill the criteria for financial disclosure. Ant Group will now postpone its IPO plans for at least six months, according to Tencent News.

The U.S. hospitality company Hilton Worldwide Holdings was up 2.7 percent on Wednesday which has posted a loss for the recently ended quarter against a profit in the same quarter a year earlier. Being victim of the pandemic, company’s quarterly revenue quarterly fell by 60%.

The renewable energy segment, or the cannabis segment, moved in scattered order as these were among the sectors have support on the stock market by the expectation of a Joe Biden win. Enphase was down -1.3 percent, First Solar dropped -8.5 percent, and Sunpower plummet -2.8 percent, while stocks of Canopy Development fell -7.4 percent, Cronos declined by -8.2 percent and Aurora Cannabis took a dip of -9.8 percent.

Western Union declined by -1.8%, despite the Chief Financial Officer of the company said he anticipated a better outlook for 2021.

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