Market analysis

IBM stock price forecast: the Big Blue is not AB InBev
December 18, 2023 11:02 AM AEDT| By InvezzIBM (NYSE: IBM) stock price has been in a remarkable rally in 2023, as investors cheered its turnaround strategy and investments in AI and quantum computing. The shares jumped to a record high of $166.25 last week, giving it a market cap of over $150...

Fund manager says Enphase Energy stock is a ‘market share leader’
December 16, 2023 03:19 AM AEDT| By InvezzEnphase Energy Inc (NASDAQ: ENPH) has been a huge disappointment for investors in 2023 but a fund manager remains convinced that the story moving forward will be a different one. The bull case for Enphase Energy Inc Steven Glass of Pella Funds says a...

Nifty 50 index gets severely overbought as the surge continues
December 15, 2023 06:32 PM AEDT| By InvezzThe Nifty 50 index spectacular rally continued this week as hopes of rate cuts in India, United States, and other countries rose. The index, which tracks the biggest Indian companies, spiked to another record high of ₹21,345 on Friday. It has risen b...

Super Micro Computer (SMCI) stock beats Nvidia: Is it a buy?
December 15, 2023 01:01 PM AEDT| By InvezzSuper Micro Computer (NASDAQ: SMCI) stock price has moved sideways in the past three months as the recent bull run fades. The shares have remained inside a wide range between $228.90 and $318 in this period. They have jumped by over 900% since 2021,...

Piper Sandler is ‘incrementally more positive’ on Foot Locker stock
December 15, 2023 06:55 AM AEDT| By InvezzFoot Locker Inc (NYSE: FL) is up nearly 10% on Thursday after a Piper Sandler analyst issued a bullish note in its favour. Foot Locker stock has upside to $33 Abbie Zvejnieks upgraded the footwear retailer today to “overweight” and raised her price t...

Buffett just loaded up on shares of Occidental Petroleum: should you too?
December 15, 2023 03:38 AM AEDT| By InvezzOccidental Petroleum Corp (NYSE: OXY) is up 4.0% today following news that Warren Buffett increased his stake further in the oil producer this week. Buffett now has a 27% stake in Occidental Petroleum The legendary investor bought more than 10 millio...

SOL/USDT buy signal: is Solana ready to surge again?
December 14, 2023 11:11 PM AEDT| By InvezzSOL/USDT chart and technical analysis SOL/USDT has been in an uptrend for the last 4 months and will possibly continue its rally in the coming days and weeks. The market has formed a bullish head and shoulder pattern (H&S) which is an indication...

Oppenheimer sees 12% upside in S&P 500 after Fed’s rate decision today
December 14, 2023 06:47 AM AEDT| By InvezzS&P 500 is pushing to the upside at writing after the U.S. Federal Reserve left its benchmark overnight borrowing rate unchanged at 5.25% to 5.5%. S&P 500 could hit an all-time high in 2024 More importantly, the central bank now forecasts thr...

MAGA: Is the ETF for Donald Trump fans a good buy?
December 14, 2023 02:31 AM AEDT| By InvezzThe Point Bridge America First ETF (MAGA) is a unique fund that is themed on American Republicans, especially those aligned with Donald Trump. The ETF has done modestly well since its inception in 2017 although it has lagged behind other mainstream f...

GOEV stock price: Canoo faces elevated dilution risks
December 13, 2023 05:00 PM AEDT| By InvezzCanoo (NASDAQ: GOEV) stock price has been in a freefall and is nearing its lowest point this year as the outlook for electric vehicles darkened. The shares were trading at $0.24 on Tuesday, a few points above the year-to-date low of $0.20. They have...

MULN stock price outlook: What is the future of Mullen Automotive?
December 13, 2023 01:02 PM AEDT| By InvezzMullen Automotive (NASDAQ: MULN) stock price has collapsed by more than 99.83% this year and is now hovering at its lowest level on record. This crash has brought its total market cap to about $52 million, down from its all-time high of over $650 mil...

Fisker (FSR) stock price analysis: such times call for caution
December 13, 2023 11:01 AM AEDT| By InvezzFisker (NYSE: FSR) stock has become unloved and unwanted as concerns about the company continued. The shares have dropped for three straight months and are now hovering near their lowest level on record. Fisker has evolved into a penny stock wi...

Predicting Gold’s rally: momentum after exhausting buyers at $1,943
December 13, 2023 04:58 AM AEDT| By InvezzXAU/USD chart and technical analysis Last week the price of gold reached an all-time high of $2,148. However, the price dropped back to with the same momentum. The massive rally of gold attracted a large pool of buyers who predicted a further surge a...

Hargreaves Lansdown share price analysis: the plot thickens
December 12, 2023 07:00 PM AEDT| By InvezzHargreaves Lansdown (LON: HL), the highly shorted British financial services company is in trouble. Its stock plunged by over 8% on Tuesday as it came under more pressure from the Financial Conduct Authority (FCA). In all, the company, which is about...

My sugar price forecast was spot on: what next now?
December 12, 2023 05:08 PM AEDT| By InvezzSugar prices have reversed course and fallen sharply, as I predicted on November 21. According to TradingView, sugar has plunged by almost 205 from the year-to-date high of $28 to a low of $22.50. It is now hovering at its lowest point since June. Su...

XYLD has a 10.8% yield: But is it a good S&P 500 ETF to buy?
December 12, 2023 11:02 AM AEDT| By InvezzThe Global X S&P 500 Covered Call ETF (XYLD) ETF has bounced back in the past few weeks as American equities have rallied. The XYLD stock jumped to a high of $39.18, its highest point since September 20th. It has jumped by over 5.18% from its low...

Amp price forecast: golden cross pattern nears
December 11, 2023 01:02 PM AEDT| By InvezzAmp (AMP) token price has made a strong rebound in the past few days as the altcoin season continues. The coin surged to a high of $0.0043, the highest point since March 13th. It has jumped by more than 208% from its lowest point this year, giving it...

Avalanche price prediction as BENQI, JOE tokens go parabolic
December 09, 2023 11:19 PM AEDT| By InvezzAvalanche (AVAX) price has gone parabolic in the past few weeks, making it one of the best-performing cryptocurrencies in the industry. It surged to a high of $34 on Saturday, giving it a market cap of over $12 billion, making it the 11th biggest cry...

Morgan Stanley sees a 65% upside in First Solar stock
December 09, 2023 05:46 AM AEDT| By InvezzFirst Solar Inc (NASDAQ: FSLR) has been in a downtrend over the past seven months but a Morgan Stanley analyst is convinced that the worst is now in the rearview mirror. First Solar stock could climb to $237 On Friday, Andrew Percoco upgraded the sol...

Is Altimmune (ALT) stock a good buy after the 306% jump?
December 09, 2023 02:37 AM AEDT| By InvezzAltimmune (NASDAQ: ALT) stock proce has staged a strong recovery in the past few days, making it one of the most popular companies among day traders. The shares jumped to a high of $8.63 on Thursday, about 306% above the lowest point this year, givin...