Company news from June 1, 2022

  • AMZN shares of Amazon.com, Inc. soared 4.4% in the continuation of the five-day winning streak the stock has enjoyed since its shareholders agreed to approve a stock split 20 to 1.
  • QUALCOMM Incorporated QCOM shares rose 2.5% after its CEO commented on the company’s interest in buying a stake in SoftBank Group’s upcoming IPO.
  • UnitedHealth Group Incorporated’s UNH shares fell 2% as the healthcare sector declined on Tuesday.
  • Shares of AMC Entertainment Holdings, Inc. Movie giant AMC fell slightly to correct 0.6%, after rising 10% following the release of TOP GUN over Memorial Day weekend.

How to take advantage of the hot electric vehicle industry

Global electric car sales in 2021 more than doubled from 2020. And today, electric vehicle (EV) technology and the very nature of the business is changing rapidly. The next push for future tech is happening now, and investors who get in early could see windfall profits.

See the best Zacks stocks to take advantage of the electric vehicle revolution >>

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Amazon.com, Inc. (AMZN): Free Stock Analysis Report

QUALCOMM Incorporated (QCOM): Free Stock Analysis Report

UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report

AMC Entertainment Holdings, Inc. (AMC): Free Share Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Karen J. Nelson