May 11 2023 🕓 3 min
Rivian rises with strong results and future plans
Rivian may be in a good spot for a buy, as the company reported not as bad results as expected. Will this be only a correction?
Market Movers
May 12 2023
NZD weakens on all fronts
The New Zealand dollar (NZD) fell on all fronts on Friday. NZD/USD is down 1.4% and NZD/JPY dropped 1.2%, while GBP/NZD is up 1.3%.
May 12 2023
Inflation levels update
The annual inflation rate in India dropped from 5.6% in March to 4.7% in April. Brazil’s inflation fell from 4.6% to 4.1%. However, inflation in Spain accelerated from 3.3% to 4.1%, and France’s inflation jumped from 5.7% to 5.9%.
May 12 2023
Mark Cuban praises AI
The potential of AI, according to Mark Cuban, is “beyond anything I’ve ever seen,” and he compared ChatGPT to the early days of the internet. Cuban has a straightforward piece of advice for businesses: join the AI race or perish. Cuban stated, “There are two types of companies in the world: those who are great at AI and everyone else.”
April 25 2023 🕓 3 min
Coca-Cola enjoys increased trading on earnings day
Coca-Cola is trading with sparks flying all around after the company shared the Q1 results. Will the buy position hold?
April 24 2023 🕓 3 min
BBBY goes into bankruptcy, shares plunge 20%
Another retailer bites the dust as people are online shopping, leaving the traditional stores empty.
April 23 2023 🕓 3 min
Bitcoin miners are back! Their stocks even outperformed Bitcoin itself
Bitcoin mining stocks have made better returns than Bitcoin or tech stocks so far in 2023. Let's break down the performances.
April 21 2023 🕓 3 min
DAX drops below rising wedge pattern – will bears take charge?
It looks like the recent bullish momentum has run out of steam, likely leading to profit-taking and a correction in the next few days.
April 20 2023 🕓 3 min
Tesla sinks amid weak margins – is the bounce over?
Traders sold the Tesla stock today as disappointment spread amid the company's margin decline.
April 19 2023 🕓 4 min
Nvidia maintains traction due to AI – analysts changed price targets
Nvidia gained a lot of momentum as giants like HSBC and BofA increased their price estimates. AI and future computing all rely on Nvidia.
April 19 2023 🕓 3 min
Nikkei faces major resistance – bulls remain in charge
The global bull market in stocks is also evident in Japan as the stock index climbed toward multi-month highs.
April 18 2023 🕓 3 min
FTSE continues in vertical rally, eyes all-time highs
The bull market in UK stocks remains alive as investors continue bidding equities, sending the index back near its record highs.
April 17 2023 🕓 4 min
Big banks navigated the banking crisis without any problems
Last week, JPMorgan Chase, Citigroup, and Wells Fargo all reported better than expected first-quarter earnings.
April 14 2023 🕓 3 min
Nasdaq loses steam after US data; hawkish rhetoric
Bulls are retreating on Friday, and the index appears to be closing the weekend exactly where it started on Monday.
April 13 2023 🕓 3 min
Delta Airlines jumps to 1-mth highs amid strong guidance
It looks like the tourism industry has recovered from the COVID crash, pushing Delta Airlines' stock higher.
April 12 2023 🕓 3 min
S&P 500 ticks higher ahead of US inflation figures, stays above major
Volatility is expected to come later today. Until then, the index could trade in a tight range.