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US stock futures are climbing this morning as vaccine hopes keep lifting market sentiment after week’s of strong volatility, while news from a trade deal between multiple Asian countries are also contributing to today’s positive performance. E-mini futures of the Dow Jones Industrial Average are leading the uptick by advancing almost 300 points so far…
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NIO stock tumbled over 7% on Friday but is trading around 1% higher in pre markets today. Citron Research, which was bullish on the Chinese electric vehicle maker, came up with a bearish report on the company that led to the sell-off. Can NIO prove Citron Research wrong with its Q3 earnings that are scheduled…
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A new token released by YuanPay Group has become an internet sensation in the last few months. This is because it supposedly offers an opportunity to generate up to $5000 for every $1 of invested capital. YuanPay Group token is reportedly the official Chinese-government backed crypto. The token is known as e-yuan and can be…
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XPeng, that listed earlier this year only, was trading sharply higher in pre markets today after posting strong sets of numbers in the third quarter. XPeng delivered 8,578 electric cars in the third quarter, a year over year increase of over 265%. The deliveries for P7, which commenced in June only, increased to 6,210 in…
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NIO stock has been on a fire this year. On Monday, it gained almost 9% and rose to a record high. Over the last five days, it has risen 28% outperforming the markets by a wide margin. Can the uptrend in NIO stock continue? On Monday, NIO reported its October deliveries that showed deliveries more…
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Apple released its fiscal fourth quarter 2020 earnings yesterday after the markets closed. However, the stock was trading down despite posting better than expected earnings. Let’s look at some of the key takeaways from Apple’s earnings release and analyze why markets gave a thumbs down to its earnings report. Apple posted better than expected earnings…
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US stock markets have fallen for two consecutive days and futures point to a gap down opening today also. Why are US stock markets falling and can you benefit from the slump? Dow Jones futures were down 1.6% in pre markets today while the S&P 500 was down 1.3%. The tech-heavy Nasdaq was down 1%….
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Almost a third of the S&P 500 and Dow Jones components including Apple are set to release their earnings this week. What should investors expect from Apple’s earnings and what’re analysts projecting? So far, only Netflix from the FAANG (Facebook, Apple, Amazon, Netflix, and Google) has released its quarterly performance. Netflix’s earnings disappointed the market…
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Goldman Sachs expects a bull market in commodities next year and sees 30% returns over the next 12 months from a basket of commodities. “Given that inventories are drawing this early in the cycle, we see a structural bull market for commodities emerging in 2021,” said Goldman Sachs analysts led by the head of commodity…
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Bulls are taking over Bitcoin this morning, as the price of the cryptocurrency has risen above its $12,000 psychological resistance on the back of increased support from the US central bank to the potential introduction of a digital currency. Many of these Bitcoin investors, also known as traders, are looking forward to trade with software…
