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Qualcomm stock was trading sharply higher in pre markets today after posting better than expected earnings and optimism over the 5G business. Qualcomm released its fiscal fourth quarter earnings yesterday that were ahead of analysts’ estimates as well as its own guidance. The company reported adjusted revenues of $6.5 billion which was higher than its…
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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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The US dollar is retreating today in early forex trading activity while European currencies are advancing strongly on election day as investors seem to be adopting a risk-on attitude despite the volatile backdrop. The value of the greenback – as reflected by the US dollar index (DXY) – is retreating 0.5% this morning at 93.58,…
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The Dow Jones Industrial Average Index fell 6.5% last week marking its worst week since March. Things could get uglier over the next week with coronavirus cases spiking and the upcoming elections. The S&P 500 and the Nasdaq also fell 5.6% and 5.1% during the last week and had their worst week since the crash…
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The US dollar – as reflected by the US dollar index (DXY) – is advancing 0.36% this morning at 93.69 ahead of today’s meeting of the Governing Council of the European Central Bank (ECB) as the reintroduction of lockdowns in the continent could push regulators to increase the levels of monetary stimulus. Today’s positive performance…
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Ford stock was trading sharply higher in pre markets today after posting better than expected earnings in the third quarter. Stock prices of legacy automakers like Ford, General Motors, and Volkswagen have sagged over the last year even as electric vehicle stocks have risen sharply. Can legacy automakers stage a comeback and Ford stock rise…
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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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Amazon along with Apple, Facebook, and Alphabet would release their quarterly earnings on 29 October. What’re analysts projecting for Amazon this quarter and should you buy it before the earnings release? Let’s discuss this. A third of S&P 500 companies are reporting this week We’re into the busiest week this earnings season with a third…
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Crypto Group has been trending for the last few months as the price of bitcoin continues to soar. The trading system is said to generate insane profit during high market volatility, such as the one experienced in any crypto boom. Analysts are predicting a major crypto boom in 2021/2022. For instance, Max Keiser, an analyst…
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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…
