Markets

Billionaire investor Stanley Druckenmiller says work-from-home stocks are overvalued, and a rotation into value names is ‘entirely rational’

American billionaire Stanley Druckenmiller told CNBC that work-from-home stocks are pretty pricey, and a pivot into some of the beaten-down value stocks would be reasonable. Druckenmiller advised investors against going short, as positive news on the COVID-19 vaccine front saw US stocks jump to record highs on Monday. “It’s nuanced, […]
Billionaire investor Stanley Druckenmiller says work-from-home stocks are overvalued, and a rotation into value names is ‘entirely rational’
Markets

Zoom skyrockets 38% after reporting blockbuster earnings

ZoomVideo Communications on Monday reported fiscal second-quarter earnings that exceeded Wall Street’s expectations, showing that revenue was more than four times higher this year than last. Shares of Zoom skyrocketed as much as 38% in premarket trading Tuesday. The company also raised its full-year guidance significantly after the earnings beat. […]
Zoom skyrockets 38% after reporting blockbuster earnings