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US stock markets rose sharply on Friday and closed the week in the green. Nike, which is set to release its earnings on Monday after the close of markets gained almost 5%. The stock is still down 32% for the year and is underperforming the S&P 500. Nike’s earnings are coming at a time when…
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This week, US stock markets rose sharply. The S&P 500 hit a new closing high and is less than a percent below its all-time highs. Would the Santa Claus rally take the stock markets even higher? The S&P 500 rose 3.8% last week and had its best week since February. The price action of US…
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2021 hasn’t been a good year for growth investors. Cathie Wood, who runs ARK Invest is among the best-known growth fund managers on Wall Street. The massive underperformance of growth stocks has taken a toll on ARK funds also, including the flagship ARK Innovation ETF (ARKK), whose top holding is Tesla. On Friday, ARKK fell…
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The global supply chain seems broken. Several companies have pointed to supply chain woes, both domestically as well as internationally. What do these supply chain issues mean for the markets? To begin with, the global supply chain problem is multi-faced. To begin with, there is a crippling semiconductor shortage. Since these chips go into everything…
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Virgin Galactic stock was trading sharply higher in US price action today after Jefferies issued a bullish note on the space tourism company. Virgin has taken a lead over competitors and Sir Richard Branson became the first billionaire to reach space. While Virgin Galactic stock had surged when the company made the successful flight with…
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Coinbase stock was trading higher in US premarket price action after Needham issued a bullish note on the stock. While the stock had a strong listing, it has since looked weak amid the volatility in cryptocurrency prices. Coinbase went public in a direct listing with a reference price of $250. While the stock soared on…
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Gold’s fortunes have nosedived this year after their hit their record high in 2020. As the economy has rebounded, investors have pivoted from safe-haven assets to risk assets. What should you expect from precious metals like gold now? Gold prices are down almost 8% in 2021. The fall in gold prices has also hit mining…
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Nvidia stock was trading higher in early US price action today and hit its new 52-week highs. The stock is among the top 30 S&P 500 gainers in the year and more gains could be on the card for investors. Nvidia stock was among the top S&P 500 gainers in 2020 also and is among…
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Chinese EV (electric vehicle) stocks including NIO, Xpeng Motors, and Li Auto were trading higher in early US price action today as markets gave a thumbs up to their July delivery report. The price action is in stark contrast to the last month when Chinese EV stocks had fallen after reporting their June deliveries. While…
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Microsoft stock was trading higher in US premarket price action today after reporting better than expected fiscal fourth-quarter earnings. The company’s earnings surpassed estimates and it also provided rosy guidance. Microsoft reported revenues of $46.15 billion in the fiscal fourth quarter which were ahead of the $44.24 billion that analysts were expecting. Most tech companies…
