Palantir Technologies Inc. shares are trading lower Monday as the market continues to dip. The market as a whole has been dropping the past couple of weeks as technology stocks see a bear market. Palantir was down 11.35 percent at $12 at publication Monday. Palantir Daily Chart Analysis The stock was trading in what technical traders call…
World Shares Mostly Lower Ahead of Federal Reserve Meeting
BANGKOK—Shares were mostly lower in Europe and Asia on Monday after Wall Street logged its worst week since the pandemic began in 2020. Shares fell in Paris, London, and Frankfurt but rose in Tokyo. Shanghai was little changed. Investors have been growing increasingly worried about how aggressively the Federal Reserve, which holds a policy meeting…
Global Shares Slide After More Losses on Wall Street
BANGKOK—Shares were lower in Europe and Asia on Friday after a late afternoon sell-off wiped out gains for stocks on Wall Street. Britain’s FTSE 100 fell 0.9 percent to 7,518.29, while the DAX in Germany declined 1.4 percent to 15,695.88. In Paris, the CAC 40 lost 1.2 percent to 7,110.11. The future for the S&P…
Etsy Shares Gain on KeyBanc Upgrade
KeyBanc analyst Edward Yruma upgraded Etsy Inc. to Overweight from Sector Weight with a $200 price target, suggesting an upside of 22.6 percent. The analyst believes Etsy has some of the most compelling long-term secular growth opportunities in his coverage and that management set guidance reasonably for Q4. His firm’s Key First Look Data has pointed to stable…
World Stocks Mixed After China Rate Cuts, Japan Export Gain
BEIJING—Global stocks were mixed Thursday after China cut interest rates and President Joe Biden said “we’re not there yet” on lowering punitive tariffs on Chinese goods. London and Tokyo gained while Shanghai and Frankfurt declined. Wall Street futures were higher after the benchmark S&P 500 index lost 1 percent on Wednesday. The Chinese central bank…
Rimini Street Shares Gain on Roth Capital Upgrade
Roth Capital analyst Richard Baldry upgraded Rimini Street Inc. to Buy from Neutral with an $8 price target, suggesting an upside of 53 percent. The shares are down 57 percent versus their highs and trading at only 1.1-times run-rate revenues. The analyst does believe recent staccato growth results are likely to continue to temper a return to former…
Bitcoin Miner Argo Blockchain Shares Gain on News of Diversification
Bitcoin miner Argo Blockchain PLC has started a non-mining business unit, Argo Labs, to diversify its business and take advantage of other opportunities in the blockchain ecosystem, CoinDesk reports. “We’ve always felt that the blockchain space has more potential than just mining,” said Argo CEO Peter Wall in an interview with CoinDesk, adding the new business unit will be “an…
Ford’s Stock Pulls Back, but Here’s Why Bulls May Soon Regain Control
Ford Motor Co. shares retreated over 7 percent by Wednesday afternoon as the stock took aim at a lower gap between $21.88 and $22.42 left behind on Jan. 4 when shares shot up almost 12 percent higher from the previous day’s closing price. If the stock falls to fill the gap and prints a reversal signal near…
Global Shares Mostly Fall as Investors Mull Likely Rate Hike
TOKYO—Global shares were mostly lower Tuesday following a national holiday in the U.S, while oil prices surged following an attack on an oil facility in the capital of the United Arab Emirates that killed at least three people. Benchmark U.S. crude rose $1.44, or 1.7 percent, to $85.26 a barrel in electronic trading on the…
European Shares Edge Higher Ahead of Earnings; China Adds Stimulus
LONDON—European shares recovered from Friday’s losses on Monday as investors focused on company earnings and U.S. Federal Reserve policymakers entered a quiet period ahead of their meeting next week. Stock market moves in Asian trading were small and economic data from China was mixed: industrial output picking up but retail sales missed expectations. China’s central…
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