Keep an eye on Plug Power (PLUG). Canaccord Genuity just reiterated its buy rating and raised its price target to $8.50 from $7.00, estimating that the acquisitions of United Hydrogen and Giner ELX will immediately add to Plug's results. Oppenheimer upped its target to $8 from $6, saying the acquisitions reflect continued "savvy" strategic decisions. "We believe these additions to the portfolio...
Continue reading >>The market settled higher on Wednesday despite ongoing U.S.-China tensions, ongoing virus uncertainty, and signs that central banks are shifting away from crisis mode. The small-caps and Tech were the most volatile sectors but the late day overall strength was enough to pull back into positive territory into the closing bell.Speculation over the content of a second stimulus package and ongoing...
Continue reading >>United Airlines on Tuesday said it lost $1.63 billion during the second quarter, driven by a plunge in air travel demand because of the coronavirus pandemic. During the same quarter last year it posted a $1.05 billion profit.Revenue plunged to $1.48 billion in the three months ended June 30, an 87% drop from $11.4 billion during the same time last year. The sharp decline in sales wasn’t as bad...
Continue reading >>The market was choppy throughout Monday’s action with the S&P and Nasdaq showing strength while the blue-chips and the small-caps were weak. News of continued developments on the corona-virus vaccine front and a possible fresh stimulus package helped bullish sentiment while the number of rising cases remained a concern.Tech led the way higher ahead of a number of big names reporting this...
Continue reading >>Keep an eye on Plug Power (PLUG). Canaccord Genuity just reiterated its buy rating and raised its price target to $8.50 from $7.00, estimating that the acquisitions of United Hydrogen and Giner ELX will immediately add to Plug's results. Oppenheimer upped its target to $8 from $6, saying the acquisitions reflect continued "savvy" strategic decisions. "We believe these additions to the portfolio...
Continue reading >>The market was choppy throughout Monday’s action with the S&P and Nasdaq showing strength while the blue-chips and the small-caps were weak. News of continued developments on the corona-virus vaccine front and a possible fresh stimulus package helped bullish sentiment while the number of rising cases remained a concern.Tech led the way higher ahead of a number of big names reporting this...
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