Wednesday, January 27, 2021

Apple (AAPL) Stock Jumped, Driven By Apple Car, Visa (V), Walt Disney (DIS), Ford (F) Stocks Stabilized on Wednesday

- Advertisement -
- Advertisement -

On Wednesday, Apple Inc. (AAPL) increased to $130.89, up +1.62 percent. Apple, according to the Nikkei, is set to shake up the global automotive industry with its Apple Car, a “high-tech focus.” Apple should take advantage of its production and manufacturing experience gained in the smartphone industry to design its vehicles and opt for a horizontal manufacturing division as opposed to a vertical model which, so far, has been stringent among conventional manufacturers. To concentrate on design, Apple can also outsource manufacturing.

Any of the Wall Street material is taken by Apple, the world’s biggest market capitalization, benefiting from a Wedbush recommendation as well. The analyst is expecting record sales for the group’s iPhones this year.

Visa Inc. (V) raised +0.23% to $209.35. Due to the reluctance of the antitrust authorities, the U.S. credit card issuer declared its termination of the planned transaction with financial services company Plaid for $5.3 billion. U.S. Department of Justice found the agreement to be contradictory to the laws of competition.

The Walt Disney Company (DIS) remained stable at +0.07% to $176.12. The film company’s Disney+ subscription service is winning market share from giant Netflix, according to the LA Times. The newspaper cites data provided at the CES show by Nielsen. Disney accounted for 6 percent of consumer viewing time for December, while Netflix’s share decreased to 28 percent – down from 31 percent a year ago. In particular, the popularity of the Mandalorian and children’s content has helped Disney.

Ford Motor Company (F) remained unchanged at $9.78. A 6 percent increase in Chinese revenue for the year 2020 was announced by the Michigan-based automaker. This is the first year since 2017 of growth in China for Ford.

- Advertisement -

Latest news

Oil Market Was On Hold, Gold Still Unsteady

In the face of doubt about the market and progression of the Covid-19 virus, oil ended in a distributed order. U.S. light crude WTI...
- Advertisement -

Dollar Appreciated Amid Uncertainty Regarding The Stimulus Plan

The EUR/USD rate rose by 0.02 percent on Monday, January 25, and the trading session ended at the 1.2169 marks. In turn, the dollar...

Intel (INTC) Failed To Save Itself Despite Stronger Results, Comcast (CMCSA) Stabilized Despite Delaying Bond Film

Intel Corporation (INTC) decreased by -9.29% to $56.66. Shares of designer, manufacturer, and seller of essential semiconductor technologies for the cloud, smart, and connected...

Travelers Companies (TRV) Rose While United Airlines (UAL) Fell After Quarterly Results

On Thursday, The Travelers Companies Inc. (TRV) risen by +2.55% to $148.72. The U.S. insurer posted better-than-expected quarterly earnings, helping to reduce disaster-related expenses...

Related news

Oil Market Was On Hold, Gold Still Unsteady

In the face of doubt about the market and progression of the Covid-19 virus, oil ended in a distributed order. U.S. light crude WTI...

Dollar Appreciated Amid Uncertainty Regarding The Stimulus Plan

The EUR/USD rate rose by 0.02 percent on Monday, January 25, and the trading session ended at the 1.2169 marks. In turn, the dollar...

Intel (INTC) Failed To Save Itself Despite Stronger Results, Comcast (CMCSA) Stabilized Despite Delaying Bond Film

Intel Corporation (INTC) decreased by -9.29% to $56.66. Shares of designer, manufacturer, and seller of essential semiconductor technologies for the cloud, smart, and connected...

Travelers Companies (TRV) Rose While United Airlines (UAL) Fell After Quarterly Results

On Thursday, The Travelers Companies Inc. (TRV) risen by +2.55% to $148.72. The U.S. insurer posted better-than-expected quarterly earnings, helping to reduce disaster-related expenses...
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here