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Euro Stoxx 50 best and worst performing constituents of 2023
June 26, 2023 02:38 PM AEST| By InvezzThe Euro Stoxx 50 index has done well this year. It has jumped by more than 11% and is now sitting at the highest level since 2007. The index has risen in line with its US peers like the Dow Jones, Nasdaq 100, and S&P 500. European stocks are che...

Virgin Galactic wants to raise $400 million via a stock offering
June 24, 2023 05:48 AM AEST| By InvezzVirgin Galactic Holdings Inc (NYSE: SPCE) announced to have raised new capital via a stock offering today. Its shares ended nearly 20% down. Why did Virgin Galactic stock slip today? On Friday, the space tourism company said an “at the market...

Starbucks strike: coffee chain accused of banning Pride month decor
June 24, 2023 03:20 AM AEST| By InvezzStarbucks Corp (NASDAQ: SBUX) is in focus after some of its organised stores went on strike on Friday. What is the Starbucks staff protesting against? Starbucks Workers United – the union that represents its baristas accused the coffee chain to...

IonQ stock price: sky is the limit for this quantum computing company
June 24, 2023 01:03 AM AEST| By InvezzIonQ (NYSE: IONQ) stock price drifted upwards on Friday after the quantum computing company published encouraging results and boosted its outlook. The shares were trading at $9.50, ~204% above the lowest level this year. This makes it one of the best...

Siemens Energy stock crashed on Friday: ‘I’d imagine they can climb back’
June 24, 2023 01:00 AM AEST| By InvezzShares of Siemens Energy AG (ETR: ENR) lost about 35% this morning after the German firm withdrew its profit guidance for fiscal 2023. Siemens Energy stock hit on warning of costly issues On Friday, the energy technology company said a technical revi...

Canada’s TSX Composite index could retreat to C$19,200
June 24, 2023 12:24 AM AEST| By InvezzCanadian stocks are underperforming their American peers as commodity prices retreat. The closely-watched S&P/TSX Composite index dropped to a low of $19,572 on Friday, meaning it has fallen by over 6% from the highest level this year. In contras...

Swiss Market Index (SMI) best and worst constituents of 2023
June 23, 2023 09:33 PM AEST| By InvezzThe Swiss Market Index (SMI) rose for the second straight day as investors react to the latest decision by the Swiss National Bank (SNB). The index jumped to a high of SFR 11,235, which was a few points above this week’s low of SFR 11,080. SNB...

Nifty 50 index analysis as the Adani share price dips again
June 23, 2023 08:55 PM AEST| By InvezzThe Nifty 50 index recoiled on Friday as investors reflected on the minutes of the Reserve Bank of India (RBI). The index retreated to a low of ₹18,715, which was a few points below the year-to-date high of ₹18,888. Despite the decline, t...

Here’s why the ASX 200 index just suffered a harsh reversal
June 23, 2023 06:55 PM AEST| By InvezzThe S&P/ASX 200 suffered a harsh reversal on Friday as investors reacted to the sinking crude oil and commodity prices. After soaring to A$7,400 this week, the index plunged to a low of A$7,115. In all, the index has retreated by more than 6.40%...

Employees of a key Boeing supplier to begin strike on Saturday
June 23, 2023 06:04 AM AEST| By InvezzBoeing Co (NYSE: BA) doesn’t seem to catch a break. On Thursday, Spirit AeroSystems Holdings Inc (NYSE: SPR) – its key supplier paused manufacturing at its Wichita factory. Why did Spirit AeroSystems halt production? The aerostructures co...

Darden reports a slowdown in fine dining: ‘I think this segment will remain strong’
June 23, 2023 01:44 AM AEST| By InvezzDarden Restaurants Inc (NYSE: DRI) is slightly in the red this morning even though it reported a strong fourth quarter and issued upbeat future guidance. Why is Darden stock down today? Investors are still disappointed because the company said its co...

Luckin Coffee stock price: risk-reward favourable as wedge forms
June 23, 2023 01:10 AM AEST| By InvezzLuckin Coffee stock price has been a strong underperformer this year even as the company implements its turnaround. It has slipped by more than 33% from its highest level this year, meaning that it is in a bear market. In all, the stock has lost ~15%...

As JEPI and JEPQ ETFs gain traction, are they good income investments?
June 23, 2023 01:08 AM AEST| By InvezzCovered call ETFs are becoming extremely popular among investors. Data shows that investors have poured over $10 billion in JPMorgan Equity Premium Equity Income ETF (JEPI), bringing its total assets to more than $28 billion. Similarly, JP Morgan Nas...

USD/PHP: Philippine peso supercharged after the rate decision
June 22, 2023 09:30 PM AEST| By InvezzThe USD/PHP exchange rate is on track for the second week of declines after the Philippine central bank delivered its interest rate decision. The pair retreated to a low of 55.57, the lowest level since May 9th. In all, the pair has dropped by 1.65%...

DIVO vs SCHD: One is a better dividend ETF
June 22, 2023 07:45 PM AEST| By InvezzThe Amplify Enhanced Dividend (DIVO) and Schwab US Dividend Equity ETF (SCHD) are popular ETFs among retirees and income-focused investors. The two have a dividend yield of 4.74% and 3.63%, respectively, higher than that of SPY and QQQ. This article...

Pound to Indian rupee (GBP/INR) is ripe for a breakout: is it a buy?
June 22, 2023 07:20 PM AEST| By InvezzThe GBP to INR exchange rate soared to the highest level since 2021 ahead of the upcoming interest rate decision by the Bank of England (BoE). The pair soared to a high of 105.22, meaning that sterling has jumped by over 22% from the lowest level in...

Should you buy Tesla stock after rallying over 137% YTD?
June 15, 2023 09:32 PM AEST| By InvezzTesla (NASDAQ:TSLA) is the largest electric vehicle manufacturer in the world. It is one of the biggest brands on earth, helped by its charismatic CEO, Elon Musk. Tesla’s stock price collapsed in 2022. After trading as high as $400/share at the start...

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...

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...

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...