According to Goldman Sachs, “accelerating the growth of e-commerce” will propel Amazon to new all-time highs. Goldman and Jefferies on Monday assigned a high street price target on Amazon of $ 3,800, representing upside potential of 28% since Friday’s close. The update occurs when consumers have relied heavily on e-commerce …
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Shares of AstraZeneca fell on Monday even after the publication of positive results from a trial of its experimental vaccine COVID-19 developed in association with the University of Oxford. The study, published in The Lancet on Monday, said healthy volunteers who received the experimental vaccine, called AZD1222, showed immune responses. …
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Nikola fell as much as 21% on Monday after the company released a prospectus describing its intention to sell up to 23.9 million shares. In addition, existing shareholders seek to sell up to 53.4 million shares, according to the prospectus. Nikola said the proceeds from the sale would be used …
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Chevron announced Monday that it will buy from independent oil and gas producer Noble Energy, in a move that Chevron CEO Michael Wirth said would be “good business” for shareholders of both companies. “These are high-quality assets at a very fair price,” Wirth said Monday on CNBC’s “Squawk on the …
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Billionaire Mark Cuban told CNBC on Monday that the stock market rebound from its coronavirus-driven low in late March reminds him of the dot-com bubble of the 1990s. “In some ways, it is different because of the Federal Reserve and the liquidity that they have introduced and the inflation of …
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