Stock market picks for the $340 billion supersonic jet industry, UBS

  • UBS is predicting that the supersonic jet industry will be worth $340 billion by 2040, according to a new research report.
  • “We  see  supersonic  bizjets  viable  in  the  late-’20s  and  supersonic  commercial  jets  in  the  mid-to-late-’30s with  hypersonic  travel  a  decade  later,” said UBS equity analyst, Myles Walton.
  • Business Insider lists the 17 stocks best-positioned to benefit from the booming supersonic industry.

By 2040, UBS envisions business travellers will once again be jetting around the globe faster than the speed of sound.

A recent UBS evidence lab survey found around 25% of over 6,000 respondents would be willing to pay for speed.

The last time passengers could travel at supersonic speeds was in 2003 when Concorde made its final flight. However, UBS is predicting a return to supersonic travel. In a new evidence lab report released on December 1, UBS equity analysts take a deep dive into the current, and

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PS5 Restock Updates: Check PS5 Stock At GameStop, Walmart, Best Buy, Target, And Amazon

Update: A Walmart Canada PS5 restock is in progress after it kicked off at 8 AM PT / 11 AM ET–as of 11:15 AM ET the site is currently experiencing a high amount of traffic and not loading right away.


Despite recent PS5 restocks at stores like Walmart and GameStop, including ones on Black Friday and Cyber Monday, it’s been frustratingly difficult to find a PS5 or PS5 Digital available to buy directly from a major retailer for many months now. Now that we’re officially in December and Christmas is just weeks away, it makes sense to wonder when stores like Walmart, GameStop, Target, and Best Buy will have more PS5 units available for shoppers. A tweet from Sony confirmed that “more inventory will be coming to retailers before the end of the year,” but that doesn’t make the scramble to get your hands on a PS5 console any

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Nokia deploys 5G private networking for 5G4KMU* across five German research centers Helsinki Stock Exchange:NOKIA

(MENAFN – GlobeNewsWire – Nasdaq) Press Release

Nokia deploys 5G private networking for 5G4KMU* across five German research centers

  • 5G4KMU project designed to accelerate 5G industrial adoption by SMEs
  • Largest collective 5G standalone (SA) deployment in German academia and research
  • Nokia 5G SA digital automation platform selected for ease-of-use

*5G-Transferzentrum für kleine und mittelständische Unternehmen/5G Transfer Center for small and medium-sized companies

2 December 2020

Espoo, Finland – Nokia today announced it will deploy industrial-grade 5G standalone (SA) private wireless networking for the 5G4KMU project, which spans five leading research centers in the state of Baden-Württemberg. Upon completion, it will comprise the largest 5G campus-based networking deployment in German research and academia.

Designed to support 5G4KMU in its mission to provide small and medium-sized enterprises (SMEs) with an expert introduction to 5G, the private wireless networks will be used to help companies develop new 5G-based products, applications and business models.

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Virgin Galactic is a ‘pure hype stock,’ trader says, after big rally

Virgin Galactic has taken off in the past month.

Shares have rallied more than 60% since the beginning of November — adding another 6% on Tuesday after NASA awarded the company a contract for space flight and integration services.

Mark Tepper, president of Strategic Wealth Partners, isn’t buying the move, though.

“It’s a pure speculation, pure hype stock. It amazes me that this thing has a market cap of $7 billion and it’s going to do less than $1 million in sales this year. The valuation is absolutely crazy,” Tepper told CNBC’s “Trading Nation” on Tuesday.

Virgin is expected to generate $966,000 in sales in fiscal 2020, according to FactSet. That topline number is expected to rise to $28 million in fiscal 2021 when commercial flights are expected to begin. However, Tepper is not confident the customer base is as large as investors anticipate.

“These flights are priced like somewhere

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Xbox Restock Updates: Check Xbox Series X Stock At Walmart, Best Buy, Target, GameStop, And More

The busy holiday sales period brought by Cyber Monday and Black Friday is finally behind us, and now that Christmas is just weeks away, hopeful Xbox Series X and Series S buyers are likely wondering if another Xbox restock is planned before the holidays. Microsoft’s next-generation consoles have been out of stock since nearly the moment they launched, and subsequent Xbox restocks have sold out immediately, including ones on launch day and Black Friday. Bots and scalpers have made the situation even harder by snatching up stock as soon as it appears and reselling it on Ebay. With both demand and product shortages heightened by the current pandemic, it’s been extremely hard to buy the Xbox Series X for months now, so if you’re still finding yourself empty-handed, you’re not alone.

Now that Black Friday sales are over, there’s no other obvious restock period left in 2020, and Microsoft has

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BlackBerry Stock Jumps 50% on Deal With Amazon Web Services for Connected Car Software

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BlackBerry shares were surging 53.5%, at $9.01, in recent trading.


Agence France-Presse/Getty Images


BlackBerry

shares have spiked more than 50% on Tuesday amid surging investor optimism about the company’s automobile sensor software platform, known as Ivy.

Having long ago moved on from its once-iconic mobile phones, BlackBerry (ticker: BB) Tuesday morning announced a deal with

Amazon.com’s

(AMZN) Amazon Web Services to jointly develop and market Ivy, which BlackBerry describes as “a scalable, cloud-connected software platform that will allow automakers to provide a consistent and secure way to read vehicle sensor data, normalize it, and create actionable insights from that data both locally in the vehicle and in the cloud.” The company said auto makers can use Ivy “to create responsive in-vehicle services that enhance driver and passenger experiences.”

The companies didn’t provide any financial details of the arrangement, but the announcement has had the effect of turning

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Zoom reports big 3Q gains, but slowing growth sinks stock

SAN RAMON, Calif. (AP) — Zoom’s videoconferencing service remains a fixture in pandemic life, but its breakneck growth is showing signs of tapering off as investors debate whether the company will be able to build upon its recent success after a vaccine enables people to intermingle again.

For now, Zoom is thriving as tens of millions of people who never heard of the service at the beginning of the year rely on its video meeting tools to connect with their co-workers, teachers, friends and family while efforts to fight contain the pandemic prevent them from going into offices, schools and most many other places. That dependence boosted Zoom’s fortunes, producing a pandemic-driven success story that was highlighted again Monday with the release of the company’s quarterly results for the August-October period.

Zoom’s revenue more than quadrupled from the same time last year to $777 million, yielding a profit of $198

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Sony says it will have more PS5 in stock, cites ‘unprecedented’ demand

As consumers deal with a shortage of supplies for Sony’s PlayStation 5, the Japanese tech giant said it will be releasing more inventory to retailers before the end of the year.

“We want to thank gamers everywhere for making the PS5 launch our biggest console launch ever,” PlayStation’s official Twitter account said in a post. “Demand for PS5 is unprecedented, so we wanted to confirm that more PS5 inventory will be coming to retailers before the end of the year – please stay in touch with your local retailers.”

Ticker Security Last Change Change %
SNE SONY CORPORATION 94.07 +0.84 +0.90%
MSFT MICROSOFT CORP. 215.23 +1.36 +0.64%
NTDOY NINTENDO CO LTD 70 +3.40 +5.11%

MICROSOFT COULD FACE XBOX SERIES X SUPPLY SHORTAGES UNTIL ARPIL 2021, EXEC SAYS

Sony’s competitor, Microsoft, has also faced significant shortages of its

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Is Dell Technologies (DELL) Stock Outpacing Its Computer and Technology Peers This Year?

Investors focused on the Computer and Technology space have likely heard of Dell Technologies (DELL), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of DELL and the rest of the Computer and Technology group’s stocks.

Dell Technologies is a member of the Computer and Technology sector. This group includes 615 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to

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PS5 Out Of Stock At Walmart; GameStop Black Friday Restock Coming Later This Week

If you’re a PlayStation fan trying to buy a PS5, you know that in the time since launch day, the PS5 retail situation has been endlessly hectic and frustrating, with the system consistently selling out in a matter of moments, sites crashing, and scalpers cashing in on the situation by hoarding the system and selling them for over $1,000 each. The PS5 launch day restocks were particularly disappointing–many stores restocked and sold out instantly at midnight, and Walmart offered multiple online restocks throughout the day, each of which had slow loading times, site crashes, and errors in checkout. In short, if you’ve been trying to buy a PS5 and haven’t done so yet, you’re not alone, and we feel your pain.

Black Friday 2020 offers another opportunity to buy the PS5 this week, though we don’t expect it to go any more smoothly than previous PS5 restocks. For Black Friday

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