Amazon.com, Inc AMZN was surging over 5% higher on Thursday with bullish momentum after closing the trading session more than 3% higher on Wednesday. The soaring stock price of the e-commerce and streaming giant may be in reaction to a double bottom pattern that Amazon printed on the daily chart. A double bottom pattern is a … Read more
The S&P 500 is one of the most popular U.S. stock indices and is often what investors and experts are referring to when they mention the “stock market.” However, there’s more to the market than large-cap stocks. The lesser-known S&P 600 index is another index established by Standard & Poors that consists of 600 of … Read more
Ford (F) stock has strong, positive catalysts, including its well-positioned electric vehicle and robotaxi businesses. In the shorter term, Ford will likely be hurt by the shift of consumer spending to services from goods and by very high gasoline prices. For long-term investors, the valuation of F stock is too cheap to pass up. Source: … Read more
Zuora (NYSE:ZUO – Get Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Thursday, Zacks.com reports. According to Zacks, “Zuora, Inc. provides cloud-based software on a subscription basis. The company’s product portfolio includes Zuora Billing, Zuora RevPro, Zuora CPQ, Zuora Insights and Zuora … Read more
EURO FORECAST: EUR/USD gains amid improved market sentiment Softening US yields and Fed monetary policy repricing weigh on the U.S. dollar and further supports the euro This article looks at EUR/USD key technical levels to keep an eye on in the near term Most Read: US Dollar Down, Vol Down, Stocks Up After May FOMC … Read more
PayPal Holdings Inc. (NASDAQ:PYPL) price on Thursday, May 26, rose 0.29% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $80.35. A look at the stock’s price movement, the level at last check in today’s session was $80.12, moving within a range at $77.25 and $80.78. The beta … Read more
Finance Minister Miftah Ismail has said that the government is committed to reviving the International Monetary Fund (IMF) programme and putting the country back on a sustainable growth path. In a statement on his return from Doha, Qatar, where talks were held between Islamabad and the fund from May 18th to 25th for the revival … Read more
Energy stocks are outperforming this week, month and year, and Goldman Sachs believes that while there’s still value to be found in the space, investors need to be selective going forward. “We remain bullish the Energy and Oil & Gas equities complex despite YTD outperformance…That said, we see strong dispersion,” the firm said Thursday in … Read more
Morningstar, Inc. (NASDAQ:MORN – Get Rating) Chairman Joseph D. Mansueto sold 10,377 shares of the business’s stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $245.62, for a total transaction of $2,548,798.74. Following the completion of the transaction, the chairman now owns 12,498,651 shares in the company, … Read more
Nvidia stock took a beating in after-hours trading on Thursday, after the company shared [PDF] its Q1 results and guidance for Q2 expectations. Investors were seemingly not happy with 4% lower than expected revenue for 2Q ($8.1 billion); $500 million of which Nvidia attributed to the Russian-Ukranian conflict and COVID-19 lockdowns in China. Perhaps more … Read more