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VinFast stock price forecast: FOMO rally to end badly
August 23, 2023 06:43 PM AEST| By InvezzVinFast (NASDAQ: VFS) stock price is defying gravity as the electric vehicle company gains momentum. The shares doubled on Tuesday and reached its all-time high of $48, giving it a market cap of over $90 billion. VinFast stock price chart EV bubble i...
USD/THB analysis as the Thai baht regains momentum
August 23, 2023 04:30 PM AEST| By InvezzThe USD/THB exchange rate has dropped in the past five straight days as the Thai baht rebound gained steam. The pair was trading at 34.83 on Wednesday, lower than last week’s high of 35.57. Thai GDP data Thailand has made headlines in the...
Nifty 50 index has retreated: Buy the dip or sell the rip?
August 23, 2023 02:00 PM AEST| By InvezzThe Nifty 50 index has pulled back in the past few weeks as investors focused on the bond market and as investors started taking profits. After rising to the record high of ₹19,988 in July, the index has pulled back by 3% to ₹19,397. Desp...
Kenvue stock price forecast: Is this JNJ spin-off a good buy?
August 23, 2023 12:09 PM AEST| By InvezzKenvue (NYSE: KVUE) stock price jumped by more than 3% on Tuesday as investors reacted to the oversubscription of an exchange offer for Johnson & Johnson (NYSE: JNJ). The stock jumped to a high of $23.80, over 6% above the lowest level this year....
NZD/USD forecast: Kiwi is ripe for a bearish breakout
August 23, 2023 10:00 AM AEST| By InvezzThe NZD/USD exchange rate moved sideways on Wednesday morning as US bond yields rose and after the latest New Zealand retail sales. The pair was trading at 0.5950, a few points above last week’s low of 0.5893. New Zealand retail sales The NZD/U...
VMware expands strategic partnership with Nvidia
August 23, 2023 08:41 AM AEST| By InvezzVMware Inc (NYSE: VMW) is in focus in extended hours today after the cloud company revealed to have expanded its strategic partnership with Nvidia Corp (NASDAQ: NVDA). VMware has developed a new set of tools with Nvidia The New York listed firm says...
Macy’s swings to loss in Q2: ‘we take a cautious view of the consumer’
August 23, 2023 07:27 AM AEST| By InvezzMacy’s Inc (NYSE: M) ended 15% down on Tuesday even though its adjusted per-share earnings came in well ahead of Street estimates in its second financial quarter. Macy’s did not lift its future guidance Despite beating expectations in the...
Wedbush Securities adds Amazon stock to its list of ‘best ideas’
August 23, 2023 06:13 AM AEST| By InvezzAmazon.com Inc (NASDAQ: AMZN) is slightly in the red at writing even though Wedbush Securities added the eCommerce giant to its list of “best ideas” on Tuesday. Amazon stock has upside to $180 The firm rates Amazon stock at “outperform” and sees upsi...
Microsoft revises Activision deal to win CMA approval
August 23, 2023 02:55 AM AEST| By InvezzMicrosoft Corp (NASDAQ: MSFT) has revised its $69 billion agreement with Activision Blizzard Inc (NASDAQ: ATVI) in a bid to secure regulatory approval from the Competition and Markets Authority of the United Kingdom that blocked the original deal on...
Lowe’s earnings beat estimates as recovery takes shape
August 22, 2023 09:39 PM AEST| By InvezzLowe’s (NYSE: LOW) published Q2 results that were better than what analysts were expecting, pushing its stock sharply higher in the pre-market. Total sales dropped slightly to $26 billion while its net earnings came in at $2.7 billion. LoweR...
Polish zloty forecast after disappointing industrial production data
August 22, 2023 08:44 PM AEST| By InvezzPoland has one of the largest economies in Eastern Europe, often acting as a bellwether for other regional economies. As such, it is worth noting that its industry had a surprisingly weak start to Q3 2023. More precisely, July industrial production d...
Rio Tinto share price faces substantial risks in this new normal
August 22, 2023 08:05 PM AEST| By InvezzRio Tinto (LON: RIO) share price has been in a deep sell-off in the past few months as concerns about China and its dividends rose. The stock plunged to a low of 4,508p on Monday, the lowest level since November last year. It has fallen by more than...
USD/PKR: Pakistani rupee is doomed as the plunge continues
August 22, 2023 07:22 PM AEST| By InvezzThe Pakistani rupee plunge gained steam as the currency fell to the lowest level on record. The USD/PKR surged to a high of 297.05 on Tuesday, meaning it has soared by more than 31% this year. Pakistan headwinds remain The Pakistani economy is...
Spaniards turn to digital banks due to greater transparency and lower fees
August 22, 2023 07:02 PM AEST| By InvezzDigital banking appears to dominate the financial markets, with prominent players making significant moves. The latest updates reveal Revolut has outshined Santander and CaixaBank in new user registrations. Revolut accounted for 12.8% of newly opened...
Revolut’s rise continues as Spaniards turn to digital banks due to greater transparency
August 22, 2023 07:02 PM AEST| By InvezzGlobal neobank Revolut has seen its market share increasing dramatically in Spain as digital banking attract attention in the financial world. Revolut’s Head of Corporate Communications Michael Bodansky confirmed that their firm outshined Santa...
AMC stock price forecast: towards another 65% dip
August 22, 2023 05:59 PM AEST| By InvezzAMC (NYSE: AMC) stock price has been a trainwreck in the past few years. After peaking at $44 at the height of the meme stock frenzy, the shares have plunged to $4 and are sitting at their lowest level since January 2021. There are elevated ris...
USD/CHF: The case for the Swiss franc as a viable dollar alternative
August 22, 2023 05:03 PM AEST| By InvezzThe Swiss franc has been one of the best-performing currencies in the past few years. The USD/CHF pair has dropped by more than 15% from the highest level in 2016 while the EUR/CHF has tumbled by over 43% from its 2007 high. USD/CHF, EUR/CHF ch...
Country Garden share price is extremely cheap: buy the dip?
August 22, 2023 03:00 PM AEST| By InvezzCountry Garden (HKX: 2007) share price sell-off gained steam as concerns about the company’s future continues. The stock plunged to a low of H$0.69, the lowest level on record. It has dropped by over 95% from the highest level in 2018. The next Everg...
The 4 Ds affecting the China A50 and Shanghai index
August 22, 2023 12:05 PM AEST| By InvezzThe China A50 index sell-off gained steam as concerns about the Chinese economy continued. It plunged to a low of CNY 12,325 on Tuesday, the lowest level since June 1st this year. It has dropped by almost 10% from the highest point in July and by ~15...
BHP share price is at risk of a breakdown after dividend cut
August 22, 2023 10:00 AM AEST| By InvezzBHP (ASX: BHP) share price drifted downwards in Australia after the company slashed its dividends and warned about its China business. Shares of the biggest miner in the world dropped to A$42.70, much lower than the year-to-date high of A$48.76. Chin...
