Nvidia (NVDA) achieved a new all-time high on Monday as investors await the upcoming earnings reports from Big Tech companies in November. The chipmaker’s stock surged 4.14% to close at $143.71 per share, with its shares continuing to rise in after-hours trading. Earlier in the day, Nvidia’s stock hit an intraday high of $142.46, as … Read more
Citi recently initiated coverage on Yellow Cake Plc (YCA:LN) (OTC: YLLXF) stock, a company that provides investors with exposure to physical uranium, giving it a Buy rating and a price target of £7.50. Citi pointed out that Yellow Cake has doubled its uranium holdings since 2019 and expects a further 50% increase over the next … Read more
Investing.com– U.S. stock index futures saw a slight increase in evening trading on Sunday, with attention focused on upcoming earnings reports from the technology sector and other industries in the coming days. Futures stabilized following a positive session on Wall Street on Friday, with the stock indexes remaining close to recent record highs amidst signs … Read more
The stock market surprised Wall Street last year with a significant increase, and it could surpass that this year with an even larger surge. Supported by a strong U.S. economy that defied widespread recession predictions and a more dovish stance from the Federal Reserve last fall, the S&P 500 rose by 24% in 2023. Only … Read more
Rivian Automotive (NASDAQ: RIVN) experienced a surge of bullish interest with its IPO on November 9, 2021. The electric vehicle (EV) manufacturer went public at $78 per share, and its stock opened at $106.75 before reaching a peak of $172.01 just a week later. At its highest point, Rivian’s market cap reached $153 billion, which … Read more
Eli Lilly, a leading pharmaceutical company, has been performing exceptionally well in 2024. Their stock has surged by 58% this year, surpassing the S&P 500 and Nasdaq Composite indexes. This growth can be attributed to their success in the diabetes and obesity care markets with their popular GLP-1 agonists, Mounjaro and Zepbound. In addition, the … Read more
Investors concerned about a potential market correction should consider making adjustments to their portfolios, according to economist David Rosenberg. He has been warning that stocks are currently in a bubble and could be at risk of a significant decline. To protect themselves from a potential market crash, Rosenberg recommends paying attention to key sectors and … Read more
According to technical analyst Mark Newton of Fundstrat, the stock market could experience a 7% correction by mid-November. Newton believes that investor complacency and weak seasonal trends could trigger this decline. However, he views any potential pullback as a buying opportunity, commonly known as a “buy the dip” strategy. Newton stated in a note to … Read more
Bank of America analysts recently increased their price target for Nvidia stock to $190 per share. They believe that the AI market is poised to reach $400 billion, presenting Nvidia with a significant opportunity for growth. The analysts highlighted Nvidia’s competitive advantage over its rivals, citing strong partnerships with enterprise clients as a key factor … Read more
Nokia Corp (NYSE:NOK) stock experienced a rebound on Friday following a selloff on Thursday, despite the company’s quarterly report failing to meet expectations. The Finnish telecom company reported a decline in net sales of 8% to $4.76 billion in the fiscal third quarter, falling short of the consensus estimate of $5.34 billion. The drop in … Read more