Bill.com Holdings Inc. Chief Executive René Lacerte is optimistic that the COVID-19 crisis will drive a longer-term shift to remote work that increases the demand for digital accounting tools. The company already saw signs of those trends in its recently ended fiscal fourth quarter, as it added 6,700 net new …
Read More »Dell, VMware shares stand on strength of work from home (and learning)
Dell Technologies Inc. shares rose higher on Thursday as the computer company’s earnings and adjusted earnings exceeded Wall Street expectations. Dell DELL, + 0.48% shares traded 1.8% after hours after closing the regular session at $ 62.43, up about 0.5%. The company reported second-quarter net income of $ 1.1 billion, …
Read More »Bets that the stock market will continue to soar have exploded higher
Even if the stock market trades in record-setting territory, despite the economy being in the throes of a viral pandemic, Wall Street is betting for further gains at its highest level since the dot-com bubble, according to research from Bespoke Investment Group. Options bet that the S&P 500 SPX, + …
Read More »Pandemic PC boom drives HP sales $ 1 billion higher than expected; stock 5%
Continuing the stagnant revenue streak, HP Inc. shares initially jumped 5% in trading after hours Thursday after reporting fiscal third-quarter sales that surpassed Wall Street’s $ 1 billion estimates, due to a pandemic. affected boom in sales of personal computers. HP HPQ, + 2.01% reported net income of $ 734 …
Read More »The COVID-19 vaccine candidates from Moderna and Pfizer need ultra-low temperatures, raising questions about storage, distribution
The COVID-19 vaccine candidates developed by Moderna Inc. and BioNTech and Pfizer Inc. will require strict standards for cooling, and that may hinder how they are distributed to the hundreds of millions of Americans who expect to receive them. Shares of Modern MRNA, -3.54% were 3.6% lower in trading on …
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