Square (NYSE: SQ), and
Roku Inc. (NASDAQ: ROKU). A lot of these companies had an amazing performance in 2020, but might have pulled forward years of demand. Now, as the economy reopens, they face pressure to explain how they’re going to drive toward profits and how they can keep the excitement going.
It’s not like these are necessarily stocks you can consider flash in the pans. People who got used to exercising at home and invested in a PTON machine probably aren’t going to abandon it for the gym right away, or necessarily at all. And MRNA’s vaccine technology has possibilities beyond the success of their Covid vaccine, analysts recently told Barron’s. PYPL and SQ’s technology was already in demand before Covid, though the pandemic might have given them a boost.
Here s My Ride: Lyft Up After Close And Uber Tomorrow For Glimpse At Reopening Economy forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
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POOL New/Reuters
For big global oil and mining companies, the boom times are back. That’s the signal emerging from recent company results and rising sector share prices.
BP PLC BP-N recently revealed a tripling of quarterly profits from a year ago, while commodities trader Glencore PLC GLNCY issued some bullish guidance on its full-year results. The talk among traders and analysts is of another “supercycle” for energy and raw materials.
ASX miners set for tough start even as commodity premiums hit a 14-year high
Brendon Lau | May 3, 2021 9:52am |
More on: Image source: Getty Images
ASX mining shares could be under pressure this morning even though price premiums paid for commodities have risen to the highest since 2007.
The
BHP Group Ltd(ASX: BHP) share price and
Rio Tinto Limited(ASX: RIO) will be watched closely as their US and UK-listed shares lost ground on the weekend.
If these shares underperform the
Fortescue Metals Group Limited(ASX: FMG) share price or other ASX miners.
Commodity price premiums hit a high
The sombre Monday morning outlook for the sector stands in contrast to the commodities futures market.