Stocks

5 Growth-Focused Cloud Stocks to Buy Amid Coronavirus Crisis

The cloud computing space is benefiting from the changing consumer preference amid the coronavirus crisis. Cloud-based solution-providing companies are making the most of the battle against the pandemic, wherein mass gatherings are strictly restricted and people are being increasingly asked to work from home.

The shelter-in-place orders have fueled the demand for remote project collaborations, video conferencing, online classes, data storage, gaming, and e-commerce shopping. Such services are easily available with the help of cloud computing technology.

Moreover, big data has become one of the biggest assets for the healthcare industry. Storing and managing an enormous amount of data are of utmost importance, and cloud computing firms are emerging as key players in this regard.

Additionally, growing usage of cloud-based services is aggravating security lapses, inducing risks of hacking and phishing mails in the garb of coronavirus as the subject content. Also, usage of own devices and equipment that are

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5 Stocks in Focus as Digital Payments Become the New Normal

The coronavirus outbreak could be a game-changer for digital financial services. Low-income households and small firms can benefit at large from advances in mobile money, fintech services, and online banking. Inclusion of digital financial services is expected to boost economic growth.

Technology continues to be the single-most important factor revolutionizing the payments industry. Many countries such as Liberia, Ghana, Kenya, Kuwait, Myanmar, Paraguay and Portugal are supporting this shift with measures such as lowering fee and increasing limits on mobile money transactions.

Although data security and privacy concerns and additional charges on making digital payment have limited the demand for digital payment solutions, the pandemic has become a key catalyst.

Moreover, digital financial services are enabling governments to provide quick and secure financial support to remotely located people and businesses as demonstrated in Namibia, Peru, Zambia, and Uganda amid lockdown. This will help mitigate the economic fallout and potentially strengthen

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5 Stocks Set to Rally

The coronavirus-led lockdown fueled a number of trends, one of those being the rapid shift to online shopping as brick-and-mortar stores remained shut during lockdowns.

Staying Indoors Boosts Online Shopping

The coronavirus pandemic compelled many retailers to shut down stores through March, April and May, driving the crowd to online platforms. Even though the economy is reopening, consumers continue to shop through online retail channels. This is because the lockdown measures may be easing but signs of resurgence of coronavirus and unavailability of a proper vaccine have been keeping people at home.

Moreover, e-commerce offers a lot many advantages over traditional retail. All items, from grocery, home furnishing to exotic meals, can be delivered to one’s doorstep. In fact, online channels offer greater convenience during thepandemic. Consumers do not need to worry about social distancing and avoid hassles like wearing a mask,which has been made a compulsion in brick-and-mortar stores.

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3 Cybersecurity Stocks to Watch

Organizations across the world have been fretting over the issue of cybersecurity for long. The ever-evolving nature of cyberattacks makes it difficult for organizations to keep pace. Cyberattacks are responsible for massive losses and are likely to cost companies almost $5.2 trillion annually, per Absolute Markets Insights data.

Cybercriminals use various ways to attack systems, including ransomware, denial-of-service, SQL injection attack, etc. Notably, ransomware is the most profitable malware, causing maximum financial damages to an individual or organization. It infects a computer to encrypt files or systems. Typically, the victim has to cough up a ransom amount for data retrieval.

Markedly, per Coveware, ransomware is estimated to have caused global damage worth $11.5 billion to organizations in 2019.

We had got an idea about the gravity of damages caused by a ransomware when organizations were affected by two back-to-back ransomware attacks — WannaCry in May and Petya in June 2017.

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5 Best Stocks of Q2 With Double-Digit Growth Potential

Wall Street wrapped up its best quarterly performance in decades buoyed by a combination of unprecedented levels of fiscal and monetary stimulus, a technology sector boom, hopes of a coronavirus vaccine and easing of lockdown measures.

Nasdaq outperformed, having climbed 30.6% — the best since fourth quarter 1999. The S&P 500 and Dow Jones gained 20% and 17.8%, respectively. The former had its biggest single-quarter surge since 1998 and the latter logged in the best quarter since 1987. This marks an impressive comeback for the stocks from the worst first quarter since the 2008 financial crisis due to the coronavirus pandemic, which had halted economic activities and resulted in millions of people losing their jobs.

In fact, the impressive gains came despite the resurgence in coronavirus infections in some parts of the United Sates after reopening. Per the latest report, the United States has recorded nearly 156,000 new coronavirus cases

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5 Stocks to Make the Most of Growing Technology Dependence

New coronavirus cases in the United States crossed the 50,000 mark on Jul 1, once again raising fear in millions. Fresh coronavirus cases have been on the rise since the economy started reopening and now experts claim that the numbers could further rise in the days to come.

Fears of a second wave of coronavirus are looming already and it won’t come as a surprise if people once again start staying at home. Two months of at-home orders following the coronavirus outbreak have changed the way lives were led in the pre-COVID-19 era. With no signs of the virus receding, life has become a lot more technology dependent and in all likelihood will remain so.

New COVID-19 Cases Hit Record High

On Jul 1, United States recorded a whopping 52,000 new COVOD-19 cases, according to a Johns Hopkins University tally. Several states also imposed 14-day quarantines on visitors in the

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Amateur Traders Pile Into Asian Stocks, Making Pros Nervous

(Bloomberg) —

When the coronavirus pandemic sent shares plunging, you didn’t have to be a professional investor to spot a buying opportunity. In fact, it might be better if you weren’t.

The can’t-miss rise of equity markets around Asia is fueling the explosion of interest among retail investors in the region, mirroring their exuberance worldwide. Millions of investors who had never so much as opened a trading account before have been piling into the market.

Just as the pandemic led bored Americans to make the Robinhood investing app a household name, it’s the amateurs who have helped to lift equities from India to Thailand despite some of the worst macroeconomic fundamentals in memory. But it’s also giving professionals pause – what happens when these investors are no longer around?

“If everyone is going into the same name and something happens, those names are likely to be sold off quite aggressively,”

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Amateurs Pile Into Asian Stocks, Making Pros Nervous

(Bloomberg) —

When the coronavirus pandemic sent shares plunging, you didn’t have to be a professional investor to spot a buying opportunity. In fact, it might be better if you weren’t.

The can’t-miss rise of equity markets around Asia is fueling the explosion of interest among retail investors in the region, mirroring their exuberance worldwide. Millions of investors who had never so much as opened a trading account before have been piling into the market.

Just as the pandemic led bored Americans to make the Robinhood investing app a household name, it’s the amateurs who have helped to lift equities from India to Thailand despite some of the worst macroeconomic fundamentals in memory. But it’s also giving professionals pause – what happens when these investors are no longer around?

“If everyone is going into the same name and something happens, those names are likely to be sold off quite aggressively,”

Read More

Amateur Traders Pile Into Asian Stocks, Making the Pros Nervous

(Bloomberg) —

When the coronavirus pandemic sent shares plunging, you didn’t have to be a professional investor to spot a buying opportunity. In fact, it might be better if you weren’t.

The can’t-miss rise of equity markets around Asia is fueling the explosion of interest among retail investors in the region, mirroring their exuberance worldwide. Millions of investors who had never so much as opened a trading account before have been piling into the market.

Just as the pandemic led bored Americans to make the Robinhood investing app a household name, it’s the amateurs who have helped to lift equities from India to Thailand despite some of the worst macroeconomic fundamentals in memory. But it’s also giving professionals pause – what happens when these investors are no longer around?

“If everyone is going into the same name and something happens, those names are likely to be sold off quite aggressively,”

Read More

Stocks make modest recovery despite virus worries

European stocks made modest gains Thursday, one day after a brutal selloff, but US indices struggled on continued worries about a resurgence of coronavirus and mounting job losses in the US.

Oil also recovered some of Wednesday’s five percent tumble on increasing infections stoking demand worries, just as the latest data showed a big jump in US stockpiles for a third week.

Asia extended losses after heavy overnight falls on Wall Street, amid holiday closures in Hong Kong and Shanghai.

There were hefty losses in New York and across Europe on Wednesday on heightened fears of a second wave of the deadly COVID-19 outbreak.

“Stock markets have edged up today after Wednesday’s falls, but there is still a lingering sense of caution over the signs of rising infection rates in the US,” said Chris Beauchamp, chief market analyst at online trading firm IG.

European markets held onto their gains until

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