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Chinese electric vehicle maker NIO soared over 23% on Wednesday after JP Morgan raised the stock’s target price. Electric vehicle stocks are up sharply this year as investors have embraced the vehicle electrification story. Is there more upside ahead for electric vehicle stocks? JP Morgan raised NIO’s target price On Wednesday, JP Morgan raised NIO’s…
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The IMF (International Monetary Fund) has warned of a “sharp adjustment” in markets even as it increased its 2020 global GDP growth forecast. Several other analysts have been warning about a stock market crash pointing to the soaring valuations despite the economic slump caused by the COVID-19 pandemic. IMF warns of a market crash “There…
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Earnings season is starting with banks and airlines lined up to report their performance during the third quarter of the year and US stock futures are trading higher this morning ahead of it with both the S&P 500 and the Nasdaq breaking above key levels. S&P 500 E-mini futures are up 0.43% so far during…
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US stock futures are rallying this morning during the European stock trading session on the back of a recovery in the banking sector after the FinCEN scandal. Futures of the Nasdaq 100 tech-heavy index are leading the surge, jumping 183 points or 1.63% so far at 11,319 while S&P 500 E-mini futures and Dow Jones…
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TikTok has agreed to partner with Walmart and Oracle to avert the impending ban in the US. Oracle and Walmart shares were respectively trading 5.1% and 1.2% higher in pre markets today. What would the deal mean for Oracle and Walmart? Earlier this month TikTok rejected Microsoft’s bid for its US operations. This was followed…
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Over the last two weeks, US tech stocks have looked weak and driven down markets from their record highs. Is a sector rotation underway from tech stocks, and can you benefit from it? The Nasdaq 100 index lost almost 1.5% yesterday and closed at 11,080. This month, the index has closed with losses in seven…
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US stock futures are trading lower this morning after yesterday’s meeting of the Federal Open Market Committee (FOMC), accompanied by a rebound in the US dollar and a spike in volatility ahead of Friday’s quadruple witching. The front-month E-mini futures contract of the S&P 500 is down 1.13% so far at 3,341.25, following a strong…
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Blackstone’s Executive Vice Chairman Tony James sees dismal returns from stock markets over the next decade. Should investors consider alternate asset classes like gold and real estate then? James sees markets fully valued and does not expects stocks to rise much over a “five- to 10-year horizon.” “I think this could be a lost decade…
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US stock futures are surging more than 1% this morning on vaccine hopes and strong M&A activity during the weekend while the US dollar is flinching almost 0.3% in early forex trading activity. Futures of the Nasdaq 100 tech-heavy index are leading today’s jump gaining 148 points at 11,199 so far, accumulating a 1.4% gain,…
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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…
