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BAE is spending $5.55 billion to buy Ball Aerospace
August 18, 2023 01:20 AM AEST| By InvezzBAE Systems plc (LON: BA) just revealed plans of buying the aerospace business of Ball Corp (NYSE: BALL) for $5.55 billion in cash. What’s in it for BAE Systems? The said acquisition will help expand its footprint in space systems and defence t...

Greencoat UK Wind share price has dipped: Buy the dip?
August 17, 2023 09:07 PM AEST| By InvezzGreencoat UK Wind (LON: UKW) share price has come under intense pressure in the past few months as concerns about renewable energy continue. The shares retreated to a low of 136.8p on Thursday, the lowest level since July 18th. Is UKW a good investme...

Tulane Business Forum explores Louisiana’s next generation economy
August 17, 2023 06:10 PM AEST| By InvezzNew Orleans, United States, August 15th, 2023, FinanceWire Presented by the Tulane Association of Business Alumni (TABA), the 44th annual forum will look across industries to determine winning strategies for the future. From energy and health c...

Is Paramount (PARA) stock a bargain or a value trap?
August 17, 2023 05:00 PM AEST| By InvezzParamount Global (NASDAQ: PARA) stock price has underperformed the broader American stock market and its media peers. The shares surged to $94.40 in March 2021 and have now plunged by 84% from their all-time high. This decline has brought its total m...

Is Energy Transfer stock a buy after the Crestwood buyout?
August 17, 2023 02:02 PM AEST| By InvezzEnergy Transfer (NYSE: ET) stock price has been a shining star in the energy market for years. The shares have consistently outperformed popular energy stocks like ExxonMobil, Chevron, and Shell. They have soared by over 600% since 2006 while the Van...

Shanghai index pressured as China black swan events mount
August 17, 2023 12:00 PM AEST| By InvezzThe Shanghai Composite index sell-off continued this week as concerns about the Chinese economy continued. It plunged to a low of CNY 3,120 on Thursday, the lowest level since January this year. Like the Hang Seng, the index has underperformed its gl...

VinFast stock price surged: Learn from Rivian, Mullen and avoid
August 17, 2023 10:03 AM AEST| By InvezzVinFast (NASDAQ: VFS) stock price surged this week after the company completed its SPAC merger with Black Spade Acquisition. The shares initially surged to $40 on Tuesday and then retreated to as low as $24 on Wednesday. At its peak, the company had...

Cisco Q4 earnings: ‘we’re gaining market share and innovating in AI’
August 17, 2023 08:03 AM AEST| By InvezzCisco Systems Inc (NASDAQ: CSCO) jumped 3.0% in extended hours after reporting a strong fourth quarter on the back of a 30% sequential increase in product orders. Cisco issues conservative guidance Its guidance for the full year, though, was not part...

Occidental Petroleum just bought Carbon Engineering for $1.1 billion
August 17, 2023 06:39 AM AEST| By InvezzOccidental Petroleum Corp (NYSE: OXY) just announced plans of buying Carbon Engineering for about $1.1 billion. Its shares are down 2.0% at writing. What’s in it for Occidental Petroleum? The oil and gas giant expects this acquisition to help e...

USD/RUB, GBP/RUB: Russian ruble currency control could backfire
August 17, 2023 04:10 AM AEST| By InvezzThe Russian ruble has rebounded sharply in the past two days as investors react to the actions by Kremlin to stem its sell-off. The GBP/RUB pair retreated to a low of 120, lower than the year-to-date high of 129,44. Similarly, the USD/RUB exchange ra...

Chevron share price forecast: Mizuho sees a 30% upside
August 17, 2023 03:23 AM AEST| By InvezzChevron Corporation (NYSE: CVX) is currently down more than 15% versus its year-to-date high but a Mizuho analyst is convinced the story moving forward will be a different one. Chevron stock should be worth $209 On Wednesday, Nitin Kumar upgraded the...

GM is investing in an AI-powered EV battery startup
August 17, 2023 02:47 AM AEST| By InvezzGeneral Motors Co (NYSE: GM) is investing $60 million in a California-based startup Mitra Chem to expand its footprint in EV batteries. Mitra Chem is working on affordable EV batteries Mitra Chem is committed to developing a variant of the widely kno...

ZIM Integrated dividend drought continues as outlook darkens
August 16, 2023 09:43 PM AEST| By InvezzZIM Integrated’s (NYSE: ZIM) woes continued in Q2 as demand for shipping waned and shipping costs tumbled. Its revenue plunged to $3.4 billion during the quarter from $1.34 billion in the same quarter in 2022. ZIM Integrated’s loss jumped...

VOO and SPY ETFs have retreated: Buy the dip or sell the rip?
August 16, 2023 09:01 PM AEST| By InvezzThe Vanguard S&P 500 (VOO) and SPDR S&P 500 (SPY) have retreated in the past few weeks as investors embrace a risk-off sentiment. VOO has pulled back to $406.5 while the SPY fund has fallen to $443. Is it safe to buy this dip? VOO and SPY are...

Aston Martin share price rating upgrade with a 45% upside
August 16, 2023 08:11 PM AEST| By InvezzAston Martin Lagonda (LON: AML) share price has been one of the best-performing stocks in the FTSE 250 index this year. The stock rose to the year-to-date high of 397p on July 31st. This price was ~335% from its lowest point in 2022 and was the highe...

USD/TRY: Turkish lira faces headwinds despite tourism surge
August 16, 2023 07:09 PM AEST| By InvezzThe Turkish lira is still sitting at the lowest level on record even as the tourism industry boomed. The USD/TRY exchange rate was trading at 27 on Wednesday, where it has been stuck at in the past few weeks. Similarly, the GBP/TRY rate was trading a...

EUR/JPY bullish breakout to continue well beyond 160
August 16, 2023 06:52 PM AEST| By InvezzThe currency markets are slow during the summer, and this year is no different. Whenever this happens, traders usually look at larger timeframes to position for the next move. By interpreting and analyzing timeframes beyond the daily chart, trends ar...

Huobi’s 7th PrimeVote finishes with MinePlex (XFI) Coming out on Top
August 16, 2023 06:05 PM AEST| By InvezzSingapore, Singapore, August 15th, 2023, Chainwire Crypto Exchange Huobi announced that the 7th round of Huobi’s PrimeVote event is finished. In this round, a total of 12 projects competed for the listing, accumulating 226,040,064 votes in the...

CAVA stock price forecast: Post-earnings jump to be short-lived
August 16, 2023 05:47 PM AEST| By InvezzCava Group (NYSE: CAVA) stock price rebounded by more than 9.45% after the company published strong financial results. The shares jumped to $50.77 in extended hours after falling by 3% in the regular session. Cava Group earnings Cava Group gave...

“It’s embarrassing” – Analyst blasts the proposed BRICS currency
August 16, 2023 04:35 PM AEST| By InvezzTalk of a BRICS currency will likely dominate the news cycle next week as leaders from tens of countries gather in Sandton, South Africa. In addition to the original members of BRICS, leaders of additional countries like Saudi Arabia, United Arab Emi...