Bill & Melinda Gates Foundation sold the shares of such companies as Apple, Amazon, Twitter, Walmart, FedEx Corporation, United Parcel Service, and Canadian National Railway. The shares of Apple and Amazon dropped while Walmart and Twitter shares grew.
Amazing quarterly reports of US IT giants - Alphabet, Apple, Facebook, Amazon, and Microsoft – made the S&P 500 and NASDAQ indices grow. The former grew by 0.8% to 4211.47 points during a week and the latter – by 0.5% to 14082.55 points.
Spotify shares grew by 7.15%. What are the reasons? Firstly, the service launches paid podcasts. Secondly, Jefferies increased the target share price of Spotify and changed its rating for “buy”. Thirdly, Spotify CEO is ready to buy Arsenal.
US President Joe Biden announced an investment of $2.3 trillion in the national economy. This made the shares of US IT giants grow, pulling market indices after itself. The S&P 500 got over 4,000 points for the first time in history.
Tesla stocks are extremely good at attracting attention: since a week ago, the quotations first dropped by 21.63% and then grew by 19.64%. These are the most volatile stocks among major representatives of the tech sector.
In 2020, the overall yearly income of major IT companies increased by 24% to 1.1 trillion USD, while their market capitalization grew by 50%, reaching 8 trillion USD. As you might have guessed, we’re talking about Apple, Microsoft, Amazon, Alphabet, and Facebook.
Will the cooperation of Kia Motors with Apple and Ford with Google become financially successful? The South-Korean carmaker will produce pilotless vehicles for Apple, while Ford Motor will install soft- and hardware from Google onboard its cars.
For the first time in history, the quarterly revenue of Apple was above 111 billion USD. The CFO in October-December, 2020 also reached its all-time highs. More details of the report by the company from Cupertino – in our new article.
Pandemic, quarantine, vaccines, the growth of the IT sector, antitrust litigation of technology corporations, the explosive success of Tesla, and, of course, Brexit - these are our most significant events of the year.
In this article, I will tell you how to choose instruments in the situation of the pandemics and the US presidential elections if you have just heard about the stock market.