Facebook stock jumped about 3.0% on July 6 after US Secretary of State Mike Pompeo talked about banning TikTok in the US.
Ant Group, also known as "Ant Financial," has been considering a Hong Kong IPO at a valuation of $200 billion. Ant is an affiliate of Alibaba Group Holding.
Selling NIO stock at these price levels and booking profits after the meteoric rise could make sense. Currently, the rally looks like a bubble.
Warren Buffett has only invested sparingly in the technology sector. His notable tech stock holdings are Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN).
Walmart (NYSE:WMT) could give Amazon.com (NASDAQ:AMZN) a serious run for its money with its upcoming Prime-like membership program Walmart+.
Charlotte's Web Holdings (NYSEARCA:CWEB) is one of the main players in the CBD business. The company plans to keep expanding in 2020.
Cannabis sales have been soaring in all of the US states that classified it as an "essential item" amid the pandemic. Illinois has seen tremendous growth.
Walgreens Boots Alliance (NASDAQ:WBA) missed Wall Street’s earnings forecast for the third quarter of fiscal 2020, which ended on May 31.
Marijuana campaigns in most US states faced challenges gathering enough signatures amid the pandemic. However, Arizona got plenty of signatures.