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Business news
DocuSign CEO on Q1 earnings: ‘we are well-positioned for future’
June 09, 2023 07:46 AM AEST| By InvezzDocuSign Inc (NASDAQ: DOCU) jumped 10% in extended trading on Thursday after reporting market-beating results for its first financial quarter. DocuSign stock up on strong guidance Investors are rewarding the stock also because the management issued u...
Amazon stock price forecast: Wells Fargo sees a 30% upside
June 09, 2023 03:02 AM AEST| By InvezzAmazon.com Inc (NASDAQ: AMZN) is already up nearly 45% for the year but a Wells Fargo analyst says it’ll unlock a lot more upside in the coming months. Amazon stock should be worth $159 On Thursday, Ken Gawrelski assumed coverage of the eCommer...
Affirm doubles down on its partnership with Amazon
June 08, 2023 05:42 AM AEST| By InvezzAffirm Holdings Inc (NASDAQ: AFRM) is trading up today after the financial technology company doubled down on working with Amazon.com Inc (NASDAQ: AMZN). Affirm already had an affiliation with Amazon On Wednesday, the California-based company said U....
Tesla agrees in principle to establish a local vendor base in India
June 08, 2023 03:30 AM AEST| By InvezzShares of Tesla Inc (NASDAQ: TSLA) climbed to a year-to-date high this morning after CEO Elon Musk agreed in principle to set up a local vendor base in India. Here’s what we know so far The Nasdaq-listed firm will first start assembling its electric...
WTI crude oil price forecast after the newest Saudi Arabia production cut
June 07, 2023 09:31 PM AEST| By InvezzThe energy market participants were stunt on Sunday as news broke out that Saudi Arabia will intervene solo in the oil market. In the past, it vowed not to do so without the support of big OPEC countries. But on Sunday, it decided to cut production b...
Here are the worst performing commodities in 2023
June 07, 2023 02:07 AM AEST| By InvezzCommodity prices are having a bad year. The closely watched Invesco Commodity Tracking Index (DBC) is hovering near the lowest level since February 2022. It has plunged by more than 27% from the highest level in 2022 and by 7% this year. While most c...
DIA, IWM, QQQ, SPY ETFs brace for a major liquidity crisis risk
June 06, 2023 02:36 PM AEST| By InvezzAmerican stocks have done well in the past few months as the macro environment improves. Invesco QQQ, which tracks the Nasdaq 100 index, has spiked by more than 37% this year, pushing it to the bull market. Similarly, the iShares Russell ETF (IWM), S...
Saudi Arabia to further cut oil production: ‘new norm will be $80 to $90’
June 06, 2023 01:49 AM AEST| By InvezzOil prices are in focus this morning after Saudi Arabia said it will lower production further from next month. Analyst reacts to the production cut Kingdom was the only constituent of OPEC+ that announced plans of cutting production by another one mi...
Australia’s domestic vanadium investments to support renewable energy battery sector
June 06, 2023 12:16 AM AEST| By InvezzVanadium is fast becoming an important commodity for Australia’s green manufacturing objectives and its vision of a sustainable economy. The metal has a silver-grey colour and is prized for its ductile properties, anti-corrosive nature, and lig...
Nasdaq 100 index: Morgan Stanley sees a moment of reckoning
June 05, 2023 07:11 PM AEST| By InvezzThe Nasdaq 100 index continued its bullish rally as risks to the American economy eased. The tech-heavy index surged to a high of $14,557, the highest level since April last year. In all, the index has surged by more than 39% from the lowest level in...
3 reasons why the CBOE VIX index has tumbled to 2020 lows
June 05, 2023 02:01 PM AEST| By InvezzThe VIX index tumbled to the lowest point since 2020 as concerns about the American economy eased and as stocks surged. The index was trading at $14.60, signaling that investors are getting upbeat about the American economy. It has dropped by more th...
QQQ and IVV ETFs: bull run returns as fear and greed jumps
June 03, 2023 01:04 AM AEST| By InvezzAmerican stocks are doing great as one of the biggest risks in the economy has dissipated. The closely-watched tech-heavy Invesco QQQ ETF has jumped by 32% this year while the iShares Core S&P 500 (IVV) has jumped by 11.12% this year. Return of t...
Is the Fed finally pausing interest rate hikes? Stocks hit 9-month highs
June 02, 2023 07:51 PM AEST| By InvezzUS stocks have hit a nine-month high, the S&P 500 adding 1% Thursday to close at its highest level since August 2022. The tech-heavy Nasdaq Composite also banked a nine-month high, increasing 1.3%. The boost came by virtue of the long-await...
Elon Musk meets with the foreign minister of China
May 31, 2023 02:42 AM AEST| By InvezzShares of Tesla Inc (NASDAQ: TSLA) opened up this morning as CEO Elon Musk met with senior officials in China. It’s his first visit to Beijing since the start of the pandemic. Analyst comments on Musk’s visit to China Most importantly, the billionair...
NASDAQ 100’s surge continues as NVIDIA joins the $1 trillion club
May 31, 2023 02:31 AM AEST| By InvezzThe NASDAQ-100 index is surging. It is up more than +32% YTD, and investors can’t get enough tech stocks as they wish. Several factors contributed to the resurgence. For example, some companies, such as Amazon (NASDAQ:AMZN) or Meta (NASDAQ:META...
3 overbought US sectors to watch in the months ahead
May 30, 2023 08:24 PM AEST| By InvezzEveryone is curious to know how the stock market will react to the debt ceiling deal announcement that happened over the weekend. Republicans and Democrats have reached an agreement, but we are yet to see the stocks’ reaction because the Memori...
IBEX 35 price forecast after yesterday’s red day for European equities
May 25, 2023 07:32 PM AEST| By InvezzEuropean equities tumbled yesterday as uncertainty dominates financial markets. With the debt ceiling deadline in the United States approaching fast, the bearishness of the US indices affects global equity markets. Diversification is key when buildin...
Is it time to buy silver? Here are 3 reasons to do so
May 25, 2023 05:16 PM AEST| By InvezzSilver followed on gold’s steps in May and dropped from the 2023 highs as the dollar strengthened. But despite the steep correction, silver might be a good addition to a portfolio for investors with a medium to long-term horizon. So here are th...
3 reasons to be bullish on the S&P 500 index
May 23, 2023 09:19 PM AEST| By InvezzFinancial markets are slow this May as investors await the end of the debt ceiling negotiations. As such, it is a good time to look at the bigger picture and focus on the long-term perspective. One thing strikes me as odd. While the Federal Reserve r...
Tesla stock is ‘biggest beneficiary’ of artificial intelligence: Cathie Wood
May 23, 2023 12:07 AM AEST| By InvezzTesla Inc (NASDAQ: TSLA) opened in the green this morning after Cathie Wood said it was a top name for exposure to artificial intelligence. Wood’s bull case for Tesla stock In particular, the influential investor is convinced that autonomous ve...
