Tag: Market

A look inside Europe’s $7 trillion technology market

There’s no doubt US tech stocks have thrived in 2020, but a raft of their European counterparts have returned huge profits for investors during the first six months of this year.

Sinch, the Stockholm-based cloud telecoms firm, is up a teeth-kissing 170% year-to-date. Second-best is Dutch fintech play Adyen: its market cap grew from $223 billion to $389.4 billion, driving its stock price up by 74%.

The NASDAQ 100 (NDX) is commonly used as a benchmark for the US tech industry. 17 tech firms in Europe have outperformed the NDX this year.
The NASDAQ 100 (NDX) is commonly used as a benchmark for the US tech industry. 17 tech firms in Europe have outperformed the NDX this year.

Swedish accounting gem Fortnox just beat Germany’s TeamViewer

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Top-Ranked ETFs That Crushed the Market in 1H

The first half of 2020 was marked by huge volatility mainly triggered by the COVID-19 outbreak, which had pushed the U.S. stock market into bear territory in late March. However, the stocks staged an impressive comeback from the lows. A booming technology sector, an unprecedented stimulus from the central bank and the government, and hopes of a potential coronavirus vaccine were the biggest catalysts in driving the stocks higher. Additionally, the rounds of data indicate that the economy has been recovering faster than expected from the COVID-19 pandemic.

However, renewed concerns over a second wave of coronavirus disease charged up

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Avid Technology (AVID) Gains As Market Dips: What You Should Know

In the latest trading session, Avid Technology (AVID) closed at $7.18, marking a +1.27% move from the previous day. The stock outpaced the S&P 500’s daily loss of 0.57%. At the same time, the Dow lost 0.8%, and the tech-heavy Nasdaq gained 0.03%.

Wall Street will be looking for positivity from AVID as it approaches its next earnings report date. The company is expected to report EPS of -$0.01, down 150% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $77.43 million, down 21.55% from the year-ago period.

AVID’s full-year Zacks Consensus Estimates are

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Why Is the Stock Market Up?

By some estimates, nearly one in four Americans is out of work. A steady stream of bankruptcies has begun, both out loud and quietly, and many businesses have shuttered for good. The full extent of the damage wrought by the coronavirus recession will not become apparent until local economies begin to reopen. But there’s one part of the economy that appears to be going gangbusters: The U.S. stock market, at least as measured by its major indexes. Both the Dow Jones Industrial Average (which tracks shares of the nation’s 30 largest industrial companies) and the S&P 500 have rebounded, each

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DocuSign (DOCU) Gains But Lags Market: What You Should Know

In the latest trading session, DocuSign (DOCU) closed at $128.77, marking a +1.22% move from the previous day. This move lagged the S&P 500’s daily gain of 1.67%. At the same time, the Dow added 1.53%, and the tech-heavy Nasdaq gained 2.08%.

Investors will be hoping for strength from DOCU as it approaches its next earnings release, which is expected to be June 4, 2020. In that report, analysts expect DOCU to post earnings of $0.11 per share. This would mark year-over-year growth of 57.14%. Meanwhile, our latest consensus estimate is calling for revenue of $284 million, up 32.74% from

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