What to watch Tencent Music Entertainment Group: TME is a joint venture between Chinese tech firm Tencent and Spotify to develop music streaming for the Chinese market, where its apps have more than 100 million paying subscribers. The firm, which has a US listing, has gained 28.8% in 2020 so far, behind the 63% and…
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What to watch McDonald’s: Fast food giant McDonald’s has done relatively well out of 2020, with its share price up by close to 10%, as while the pandemic has hurt the firm in some areas (such as breakfast demand and general foot traffic), it has done well out of food delivery and its drive-through locations.…
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What to watch US jobs report: Although it will likely be overshadowed by the continuing presidential election saga, the US’ monthly jobs report will be reported today. Investors be will watching for signs that the US economic recovery is slowing, with 593,000 non-farm payrolls expected to have been added in October versus 661,000 in September.…
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What to watch Uber: Ride sharing and food delivery firm Uber has gained 37.8% year-to-date. While rides dropped off sharply due to the pandemic, the firm has benefited from huge demand for takeaway food delivery. Yesterday, the company’s share price jumped 14.6% after voters decided to exempt it and rival Lyft from a state labor…
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What to watch Qualcomm: Chipmaker and wireless tech firm Qualcomm’s share price is up by more than 40% in 2020 so far, boosted in part by optimism around the mass rollout of 5G technology powered by the firm’s chips. A key point of focus when the company delivers its latest set of quarterly earnings on…
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What to watch Humana: Health insurer Humana has gained 11.5% in 2020 and is up by 38% over the past 12 months. The firm delivers its third-quarter earnings update today. When the company delivered its Q2 results in August, management told investors that the benefit of its customers deferring medical care due to the pandemic…
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What to watch PayPal: Online payments firm PayPal’s share price has surged by more than 70% in 2020, although its advance has slowed in recent months. The company has been the beneficiary of a massive shift to online shopping driven by the pandemic, which has increased user growth and payment volume, including in its mobile…
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What to watch AbbVie: For pharmaceutical company AbbVie, sales of its flagship Humira drug - which treats Crohn’s disease and arthritis among other inflammatory conditions - will be the key point to watch in its Friday quarterly earnings report. Zacks Equity Research noted that sales may have been affected by the launch of rival products…
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What to watch Big tech earnings: Three trillion-dollar companies report quarterly earnings on Thursday, with Apple, Amazon and Alphabet on deck. Facebook and Twitter also deliver their own earnings reports. All of those firms are firmly in the regulatory spotlight, with lawmakers investigating the role of big tech in public discourse, and the Justice Department…
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What to watch Payment giants: Rivals Visa and Mastercard both deliver their third-quarter earnings reports on Wednesday, with the latter marginally ahead in the share price stakes in 2020 so far. Both firms are dependent on payments volume, to which a recession poses a threat, and the companies’ results will provide a window into the…
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