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Latest
STI index: Is it safe to buy Singapore stocks as they underperform?
July 17, 2023 03:10 AM AEST| By InvezzThe Strait Time Index (STI) index has underperformed its global peers as concerns about Singapore slowdown continues. The index, which tracks the biggest companies in Singapore, was trading at S$3,245 on Friday, a few points above this month’s...
LAZR stock price is having a lackluster year: Is Luminar a good buy?
July 15, 2023 05:17 PM AEST| By Invezzare up by about 50% year-to-date but they remain about 33% below the highest point during the year. In all, the stock has plunged by over 80% from its all-time high. Growth is accelerating Luminar is a fast-growing company valued at over $2.6 billion...
UnitedHealth shares jump 8.0% on strong Q2: analyst still sees significant room to the upside
July 15, 2023 08:56 AM AEST| By InvezzUnitedHealth Group Inc (NYSE: UNH) is up roughly 8.0% on Friday after the managed healthcare company reported a strong second quarter. UnitedHealth shares up on raised outlook Investors are rewarding the stock as UNH raised its full-year guidance as...
Buy Microsoft stock as the ‘set up is too attractive’ to not – analyst says
July 15, 2023 05:08 AM AEST| By InvezzMicrosoft Corp (NASDAQ: MSFT) has underperformed relative to its peers since early May and that creates an opportunity to buy a quality name at an attractive price, as per a UBS analyst. Microsoft stock has about a 17% upside On Friday, Karl Keirstea...
Eli Lilly to expand in obesity drugs with $1.925 billion acquisition of Versanis Bio
July 15, 2023 03:51 AM AEST| By InvezzShares of Eli Lilly & Co (NYSE: LLY) gained nearly 4.0% today after the pharmaceutical behemoth said it will buy Versanis Bio for up to $1.925 billion. Other financial details are yet to be disclosed The aforementioned consideration includes both...
iShares Russell 2000 (IWM) ETF just formed a bullish golden cross
July 15, 2023 03:01 AM AEST| By InvezzThe iShares Russell 2000 ETF (IWM) has done well recently as demand for American shares jumps. The fund, which tracks the top small-cap stocks in the US, has risen to a high of $193, the highest level since February 10th of this year. It has rise by...
Pro says ‘AI is the new industrial revolution’ – would it benefit Shiba Memu?
July 15, 2023 01:40 AM AEST| By InvezzArtificial intelligence has really been a boon for the S&P 500 that’s now up roughly 18% year-to-date. Still, many believe the emerging technology to be in its early innings only. Expert shares his view on AI Reid Hoffman – the Co-fou...
Nikola stock price short squeeze: get out when you can
July 15, 2023 12:30 AM AEST| By InvezzNikola (NASDAQ: NKLA) stock price surged by more than 60% on Thursday as investors cheered a big order for the company’s hydrogen trucks. The shares popped to a high of $2.28 in the regular session and to $2.68 in the extended hours. Nikola big...
Bitcoin’s market dominance hits record lows as altcoins soar post-XRP win
July 14, 2023 10:15 PM AEST| By InvezzBitcoin’s dominance, its share of the overall cryptocurrency market, dipped on Thursday following Ripple’s win against the United States Securities and Exchange Commission. The ruling catalyzed optimism within the altcoin market, with lea...
Carvana stock could crash over 70%: JPMorgan warns
July 14, 2023 05:39 AM AEST| By InvezzCarvana Co (NYSE: CVNA) is grossly overvalued and runs the risk of a sharp decline in the coming months, says Rajat Gupta – a JPMorgan analyst. Carvana stock could tank to $10 On Thursday, Gupta downgraded the online used car retailer to “...
iShares Dividend Growth ETF (DGRO) analysis as inflows resume
July 14, 2023 04:09 AM AEST| By InvezzThe iShares Core Dividend Growth ETF (DGRO) is one of the best-performing dividend funds this year. The fund has jumped to the highest level since April 2022. It has jumped by more than 8% in the past 12 months while its peers like SCHD, VYM, and HDV...
PepsiCo Q2 earnings: ‘we still have lots of opportunities to grow’
July 14, 2023 03:48 AM AEST| By InvezzPepsiCo Inc (NASDAQ: PEP), on Thursday, reported better-than-expected results for its second financial quarter. Its shares are up more than 1.0% at writing. PepsiCo shares up on raised outlook Investors are cheering the raised guidance as well. The b...
Disney may offload its TV assets as ‘they may not be core’ to the media giant
July 14, 2023 02:49 AM AEST| By InvezzWalt Disney Co (NYSE: DIS) is in focus after its board revealed Bob Iger will remain the Chief Executive for another two years – through the end of 2026. Disney’s plans for its linear TV business On Thursday, the entertainment conglomerat...
Exxon is buying Denbury for $4.9 billion: CEO Woods explains why
July 14, 2023 01:39 AM AEST| By InvezzShares of Denbury Inc (NYSE: DEN) inched down today after Exxon Mobil Corp (NYSE: XOM) said it will buy the carbon-capture company for $4.9 billion. What’s in it for Exxon Mobil? The all-stock deal values each share of the New York listed firm...
Delta Air Lines reports a record Q2: ‘airline is doing a fabulous job’
July 14, 2023 12:42 AM AEST| By InvezzDelta Air Lines Inc (NYSE: DAL) hit a year-to-date high this morning after reporting a record second quarter. Delta Air Lines stock up on strong guidance Shares are trending up also because the management raised its guidance for the full year on robu...
Cava stock price forecast: Be fearful when everyone is greedy
July 14, 2023 12:00 AM AEST| By InvezzCava (NYSE: CAVA) stock price has gone parabolic in the past few days as demand for the stock jumped. The shares surge to an all-time high of $52, which was much higher than the IPO low of $22. This makes it one of the best-performing stocks in the U...
Rightmove share price has more upside as UK mortgage rates rise
July 13, 2023 08:00 PM AEST| By InvezzRightmove (LON: RMV) share price has moved sideways this year as concerns about the UK housing sector continues. The shares have risen by ~2% this year while the FTSE 100 index has drifted downwards by 2%. In all, the shares have dropped by more than...
Here’s why Shanghai index, Hang Seng rose after weak China data
July 13, 2023 03:16 PM AEST| By InvezzThe Shanghai Index and the Hang Seng drifted upwards on Thursday as investors ignored the weak economic data from China. Hong Kong’s Hang Seng index jumped by 2.60% while the Shanghai rose by 0.86%. US inflation and slowing China growth The mai...
USD/CNH: Renminbi plot thickens as China exports slump
July 13, 2023 12:38 PM AEST| By InvezzChina’s renminbi came under intense pressure on Thursday after China published extremely weak trade numbers. The USD/CNH exchange rate rose slightly to 7.18, higher than this week’s low of 7.16. In all, the pair has dropped by more than 1...
Lucid shares slip 10% as Q2 deliveries come in well below estimates
July 13, 2023 05:53 AM AEST| By InvezzShares of Lucid Group Inc (NASDAQ: LCID) ended more than 10% down on Wednesday after the luxury electric vehicles maker reported weaker-than-expected deliveries for its second quarter. Lucid shares hit on weak deliveries The automaker said it deliver...
