This year has been a great year for stocks overall, with the SPDR S&P 500 ETF Trust on track to finish the year up more than 24 percent. Unfortunately, some stocks that started off the year red-hot are limping into the close of the year as investors cash out of their gains and rebalance their holdings…
Is It Time to Sell Stock in These 10 Top Performers of 2021?
Chart Wars: Will Nvidia or AMD Stock Break From This Bullish Pattern First?
Advanced Micro Devices, Inc. and Nvidia Corporation have both formed long-term bullish chart patterns that could provide massive upside for the long-minded trader and investor. Both stocks have formed a bull flag pattern on the weekly chart, with AMD and Nvidia looking close to completing their patterns. When a bull flag pattern is formed on a…
B. Riley Sees Audacy’s Risk-Reward Profile Skewing Heavily to the Upside
B. Riley analyst Daniel Day upgraded Audacy Inc. to Buy from Neutral with a price target of $5, up from $4 (99.2 percent upside). The stock is trading near year-to-date lows, and the sentiment is “swinging toward overly pessimistic in recent weeks,” Day says. While Audacy was the worst-hit relative to its peers in recent quarters by the…
Dollar Pressured, Asia Shares Slip as Global Inflation, Omicron Fears Sap Confidence
HONG KONG—Asian stock markets and the U.S. dollar struggled for traction on Friday after a rush of central bank meetings underlined the growing threat posed by a spike in global inflation, while fears about the Omicron variant of COVID-19 added to a cautious mood. The dollar index was trading at 95.999, off nearly 1 percent…
KeyBanc Warns Against Heavily Constrained Apple iPhone 13 Supply
KeyBanc analyst John Vinh says his November carrier survey indicates Apple Inc. iPhone 13 supply remains heavily constrained. The demand continues to outstrip availability during the Thanksgiving holiday period. While the analyst recently observed modest supply improvement, most of the stores surveyed reported not having any 13 Pro/Max availability. Carrier store DOI remains very lean at well…
Elon Musk, Cathie Wood Continue to Sell Tesla’s Stock, but Can It Pull Off a Reversal?
On Thursday morning, Tesla, Inc. was trending on r/WallStreetBets after the EV company won approval to launch three more of its vehicles in the Indian market. Tesla also released a software update that advises drivers when their tires should be rotated by measuring the remaining tread. The stock has been pressured recently by both a pullback…
Why Are Arqit Quantum Shares Trading Higher Premarket?
Quantum encryption technology firm Arqit Quantum Inc. announced its financial results for the fiscal year ended 30 September. Arqit raised $96 million from its September Nasdaq IPO and SPAC merger with Centricus Acquisition Corp. It held $86.9 million in cash and equivalents. Arqit reported an adjusted loss before tax of $15.6 million. David Williams, Chair and CEO, said: “Our 2021…
Read Why B of A Securities Gave Robinhood an Underperform Rating
Analysts have mixed opinions on Robinhood Markets Inc. B of A Securities analyst Craig Siegenthaler initiated coverage with an Underperform and a price target of $22, implying a 12.8 percent upside. Siegenthaler assumed coverage in a note partially titled “The perfect storm is over.” While he forecasts strong growth, he thinks the current valuation may be underappreciating factors. The…
Goldman Sachs Is Bullish on RingCentral, Sees 32% Upside
Goldman Sachs analyst Kash Rangan initiated coverage on RingCentral Inc. with a Buy and a price target of $240, implying a 31.9 percent upside. Rangan launched coverage on the communication and collaboration segment with a positive sector view. The 2020 cloud total addressable market of $19 billion implies a cloud penetration at 7 percent in 2020, which should…
Is This the Top FANG Stock fFor 2022?
Amazon.com, Inc. hasn’t generated the type of stock performance this year its investors have come to expect in the past decade. Bank of America analyst Justin Post says 2022 could be another big year for Amazon. Amazon Dethrones Alphabet: Post named Amazon his top FANG stock pick for 2022 after 2021 top pick Alphabet, Inc….
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