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Analysts are reiterating their bullish calls on Amazon ahead of its upcoming Prime Days. Yesterday, Benchmark and J.P. Morgan issued bullish notes on the eCommerce giant. Amazon stock is up 67% for the year and is the best performing FAANG stock this year. However, it has come off its recent highs and is down over…
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Research shows that at least 90% of self-proclaimed trading robots out there are fake. It’s therefore prudent to conduct enough due diligence before signing up with any robot like Bitcoin Compass or Bitcoin Code. We have done the heavy lifting for you by preparing this comprehensive Bitcoin Compass review. Our investigation reveals that the Bitcoin…
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Shares of electric vehicle start-up Nikola tumbled over 19% yesterday after the surprise exit of its founder and Executive Chairman Trevor Milton. The move comes a few days after Hindenburg Research accused the company of “deception.” Nikola shares have been very volatile this year Nikola shares have been very volatile this month. The stock fell…
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Nikola shares that closed 11.4% higher on Monday were trading down over 5% in pre markets today amid reports that the US Securities and Exchange Commission (SEC) is investigating the company over allegations made by short seller Hindenburg Research. Last week, Hindenburg Research, which is short on Nikola stock and benefits it goes down, accused…
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Microsoft has said that ByteDance, the owner of popular social video app TikTok, has rejected its proposal to acquire TikTok’s US operations. While markets presumed that ByteDance has chosen Oracle, Chinese media has reported that ByteDance wouldn’t be selling the operations to Oracle also. Oracle shares were however up sharply in pre markets today. Last…
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US tech stocks snapped their ten day winning streak and the Nasdaq Index closed down almost 5% on Thursday reigniting concerns over overvaluation in tech stocks. Many have argued that there is a tech bubble in 2020 just like we saw in the late 1990s. Others have said that the rally in tech shares is…
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On Tuesday, Caixin released China’s August manufacturing PMI (purchasing managers’ index) that showed the country’s PMI rose to 53.1, the highest level since June 2011. China’s Shanghai Composite Index rose 0.44% after the better than expected data. Analysts surveyed by Refinitiv were expecting the metric at 52.7. The PMI stood at 52.8 in July. PMI…
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On Tuesday, Chinese electric vehicle maker NIO soared to a new all-time high of $17.87 after UBS raised its target price by a whopping 1,530%. Meanwhile, it’s worth noting that while UBS upgraded NIO stock from a sell to neutral, the firm still does not have a buy rating on the stock. While it raised…
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The Dow Jones Industrial Average Index will add Salesforce, Amgen, and Honeywell in a major shakeup to one of America’s oldest indices, replacing Raytheon, Exxon Mobil, and Pfizer. Why Dow Jones is changing its components The changes to the 30-stock benchmark index are designed to offset Apple’s 4-to-1 stock split, which goes into effect August…
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We’re now towards the end of the second-quarter earnings season. Last week several key companies reported their quarterly performance and the chief executives told us how their company’s performed and how they saw the economy. Hotel operator Marriott posted a wider-than-expected loss of $234m in the second quarter while its revenues plunged 72% year over…
