Wed, Sep 30, 2020 2:10 PM
Mazagon Dock Shipbuilders IPO: Grey market premium at about 100%
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Techs led a retreat in US stocks on Thursday as Meta's (META) revenue forecast rattled investors eyeing the next high-stakes megacap earnings. Meanwhile, a sharply lower-than-expected reading on US GDP for the first quarter ratcheted up questions about the health of the US economy in the face of persistently high interest rates.Nasdaq 100 (^NDX) futures fell 1.4%.
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The turbulent electric vehicle (EV) sector has provided a lot of up-and-down drama lately for investors, who should be very selective these days. But one they should select, at least according to one analyst, is next-generation battery maker QuantumScape (NYSE: QS). Here's a take on his latest take, if you will.Better battery neededQuantumScape is currently developing a higher-energy-density EV.
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Pepsi Tops Estimates Despite A Weakened Domestic MarketOn Tuesday, Pepsi Co Inc (NASDAQ: PEP) showed it managed to navigate weaker U.S. demand that was the result of Quaker Oats recalls and backlash to higher prices for its drinks and snacks. But despite delivering better than expected earnings and revenue for its first quarter, Pepsi shares dipped about 2% upon the report.
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