As part of our efforts to expand our offering for our clients, we are pleased to announce that we have recently added 185 new stocks from exchanges around the world. One of the stocks is Zoom, the video conferencing app that has become the go-to for many organisations and individuals during the coronavirus pandemic.
You can view a full list of the stocks launched here.
Zooming to the top
During the 2020 coronavirus crisis, stocks and indices around the world tumbled, reaching lows not seen in years. However, as dire as the situation may be, some companies have been able to provide solutions that have helped manage the situation — and Zoom is one of them.
Founded in 2011, Zoom is an app that allows people to hold video and audio calls, with multiple participants, and offers features such as chat and screen sharing. Due to its ability to manage remote conferences at a high capacity, and increased demand for such services during the coronavirus pandemic, the company’s stock zoomed to an all-time high in March 2020, one year after going public on the NASDAQ stock exchange.
Zoom is a very large company, boasting a market cap of more than $35 billion and employing around 2,000 workers. The company is headquartered in San Jose, California and has offices in more than 30 locations around the world.
Your capital is at risk.
Expanding our global offerings
As part of our mission to connect people to global markets, no matter where they are, the recent launch includes stocks from leading exchanges around the world, spanning various industries. Below are some of the stocks included in the 185 stock addition:
MTR Corp
The Mass Transit Railway (MTR) Corporation is a majority state-owned Hong Kong company, which operates a significant aspect of the province’s public transportation system. In addition, MTR is also a property developer, owning and operating various real estate assets across Hong Kong. MTR is a global business, operating railway systems in London, Sweden, China and Australia. The MTR stock is traded on the Hong Kong Stock Exchange and is a component of the HKG50 index.
Your capital is at risk.
ResMed
This San Diego-based smart medical device company specialises in cloud-connected treatments for various respiratory conditions. The company develops and manufactures medical instruments such as masks and CPAP devices for treating sleep apnea and other devices which treat conditions such as chronic obstructive pulmonary disease (COPD). Alongside medical devices, ResMed also develops software to assist people who are transferring out of hospital and need further care at home. The company stock, RMD, is traded on the New York Stock Exchange.
Your capital is at risk.
CoStar Group
This US-based company, traded on the NASDAQ Exchange, specialises in creating analytics solutions for commercial property companies in the US and Europe. Founded in 1987, CoStar has expanded its operations and created several online marketplaces for the real estate industry.
Your capital is at risk.
Southern Copper
This mining company is part of a Mexican-owned conglomerate. It is considered one of the 10 largest copper mining companies in the world and, with a market cap of $20 billion, is the largest one traded publicly. Southern Copper is traded on the NYSE under the ticker symbol SCCO. As it is a multinational company, it is also traded on the Lima Stock Exchange. The company’s origins can be traced back to 1952 and it currently employs around 12,000 people.
Your capital is at risk.
Here at eToro, we will continue to expand our offering of financial assets, enabling our users to create a diversified stock portfolio, spanning multiple exchanges around the world and encompassing whichever industry in which they may wish to invest.