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Gold is continuing its relentless advance toward its January high today in early commodity trading action with the precious metal posting its third consecutive day of gains as the European Commission (EC) is preparing to raise as much as $900 billion to boost the region’s post-pandemic recovery. The President of the EC announced this stimulus…
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Tesla has been raising prices for its electric cars amid a massive increase in input costs. Apart from higher input costs, automakers are also battling a severe chip shortage that is hurting production. There has been cost-push inflation for automakers with prices of key raw materials like steel, copper, and aluminum rising. Steel prices are…
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Alibaba stock is down over 8% so far in 2021 and is underperforming the S&P 500. The stock has looked weak over the last six months due to multiple reasons. Is it a good stock to buy now after the recent underperformance? To begin with, let’s understand why Alibaba stock has underperformed the markets as…
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Meme stocks are back as AMC Entertainment and GameStop stocks are rallying yet again. Are we in a new age of finance and stock market investing which is dominated by retail investors? Wall Street has traditionally been dominated by big hedge funds and other fund managers. However, over the last couple of years, retail traders…
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Oil futures are posting their fourth consecutive day of gains in early commodity trading action today while they seem poised to close the week with mid-single-digit jumps on the back of positive economic data and a beyond-expected drop in US crude inventories. So far this morning, futures of the West Texas Intermediate (WTI) – the…
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Snowflake stock opened lower in US trading today after reporting mixed earnings. While the company’s revenues were better than expected its losses were wider than expected. Snowflake released its fiscal first-quarter 2022 earnings for the quarter ended April 30 yesterday after the close of US markets. The company reported revenues of $228.9 million in the…
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Costco will release its fiscal third-quarter 2021 earnings on 27 May. What should you expect from the discount retailer’s earnings and what’s the forecast for the stock in 2021? Last week, several bellwether retail companies including Walmart, Target, and Home Depot released their quarterly performance. All these companies smashed their earnings estimates. Notably, retail earnings…
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There has been a sell-off in growth names and almost all the SPACs (special purpose acquisition companies) have fallen hard. Social Capital Hedosophia Holdings (IPOE), a SPAC sponsored by Chamath Palihapitiya has also fallen sharply but has recovered from the lows. IPOE will merge with fintech company SoFi. It has kept 27 May as the…
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The price of Bitcoin (BTC) is hovering above the $40,000 psychological threshold today in early cryptocurrency trading action only two days after the token slid to its lowest levels in almost four months. A ban imposed by top Chinese financial regulatory agencies on the offering of crypto-related products and services by payment processing companies and…
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Yesterday, Ford unveiled its F-150 all-electric Lightning model. What does the model mean for Ford stock and how does it compare with other pickup trucks? Ford’s F-150 is among the major all-electric pick-up trucks that would hit the market over the next two years. We also have Tesla’s Cybertruck, Rivian R1T, and Lordstown’s Endurance pickup….
