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Business news
Threads: Mark Zuckerberg’s answer to Twitter is here
July 06, 2023 10:59 AM AEST| By InvezzMeta Platforms Inc (NASDAQ: META) just launched “Threads” – a text-focused conversation app that it hopes will rival Twitter. Is ‘Threads’ a reason to buy Meta stock? The new app is now available as a free download on bo...
Cramer is bullish on Lennar stock: ‘mortgages are still very cheap’
July 06, 2023 06:31 AM AEST| By InvezzFamed investor Jim Cramer is bullish on Lennar Corp (NYSE: LEN) even though the Fed officials see more rate hikes ahead. Cramer’s bull case for Lennar stock Last week, the Census Bureau said new homes sales increased 12.2% in May to 763K. In co...
Hertz stock price forecast: Jefferies sees a 30% upside
July 06, 2023 05:14 AM AEST| By InvezzHertz Global Holdings Inc (NASDAQ: HTZ) has already gained about 20% in just over a month but a Jefferies analyst is convinced it’s not out of room to run just yet. Hertz stock could climb to $24 On Wednesday, Stephanie Moore recommended that i...
General Motors reports sequential decline in Q2 electric vehicles sales
July 06, 2023 03:21 AM AEST| By InvezzShares of General Motors Co (NYSE: GM) are trading up this morning after the automaker said its U.S. vehicle sales went up 18.8% year-on-year in the second quarter. GM fleet business gained 30% in Q2 The car manufacturer sold a total of 691,978 vehic...
AO World commits to over 5.0% earnings margin in its fiscal 2024
July 06, 2023 02:11 AM AEST| By InvezzAO World PLC (LON: AO) ended nearly flat on Wednesday even though it reported a 17% hit to its full-year revenue. AO World swung to a profit in fiscal 2023 The stock remained somewhat resilient primarily because the electric appliances retailer swung...
Boohoo share price is at risk as Revolution Beauty crisis escalates
July 06, 2023 01:30 AM AEST| By InvezzBoohoo (LON: BOO) share price has dropped in the past three months straight and is hovering near the lowest level since 2016. The stock has dropped by over 82% in the past 12 months and by over 44% from the highest point this year. Revolution B...
Wolfspeed just announced a decade-long deal with Renesas
July 06, 2023 01:08 AM AEST| By InvezzWolfspeed Inc (NYSE: WOLF) opened about 20% up on Wednesday after announcing a decade-long deal with the Japanese semiconductor giant Renesas Electronics Corp (TYO: 6723). Renesas paid $2.0 billion for the deal The Durham-headquartered firm has agree...
Tesco share price has retreated for 8 weeks: don’t buy the dip
July 05, 2023 11:25 PM AEST| By InvezzTesco (LON: TSCO) share price has come under relentless pressure after peaking at 278p in May this year. The shares have pulled back by ~11.78%, meaning they have moved to a correction. They have also dropped in the past eight weeks straight, the fir...
DWAC stock price: Trump’s Digital World could short squeeze soon
July 05, 2023 08:45 PM AEST| By InvezzDigital World Acquisition (NASDAQ: DWAC) stock price has come under intense pressure in the past few months. The stock was trading at $12.65 on Monday, close to its all-time low of $12.36. It has dropped by over 19.8% this year and by over 90% from i...
EUR/NOK price forecast as the exchange rate is at an inflection point
July 05, 2023 05:29 PM AEST| By InvezzThe Norwegian krone (NOK) is the thirteenth most traded currency in the world and was introduced in 1875 when Norway joined the Scandinavian Monetary Union. Together with other Nordic European countries, Norway has a strong economy fueled by commodit...
Cooling China Caixin PMIs suggest that “recovery has yet to find a stable footing”
July 05, 2023 04:11 PM AEST| By InvezzFollowing the government’s tepid PMI numbers which were released last week, the Caixin China PMIs moderated since May 2023. Caixin China General Composite PMI In Caixin’s latest release, the combined gauge of business activity (inclusive...
HashiCorp was in a ‘logical position’ to acquire BluBracket: find out more
July 05, 2023 04:42 AM AEST| By InvezzHashiCorp Inc (NASDAQ: HCP) has acquired BluBracket to expand its footprint in secrets management, the company announced in a press release last week. What are HCP’s plans for BluBracket? Founded in 2018, BluBracket is a startup based in...
Lloyds share price languishes as focus shifts to July 26th
July 05, 2023 01:43 AM AEST| By InvezzUK bank stocks have underperformed the broader market this year. Lloyds (LON: LLOY) share price has dropped by ~4% this year while the FTSE 100 index has retreated by ~0.63%. This trend is in sync with other leading British banks like Natwest (NWG) a...
Haleon is considering offloading its brand of nicotine gum
July 05, 2023 12:38 AM AEST| By InvezzHaleon plc (LON: HLN) is in focus today following a report that it wants to divest its brand of nicotine gum, patches, and lozenges. Haleon wants to streamline its business Anonymous sources told Bloomberg this morning that the multinational has alre...
QuantumScape stock analysis: QS insiders are still selling
July 04, 2023 11:29 PM AEST| By InvezzQuantumScape (NASDAQ: QS) stock price has moved sideways in the past few months as investors assess the company’s future. The shares were trading at $8 on Monday, higher than the year-to-date low of $5. While the stock is up by 56% this year, i...
Sainsbury’s underlying sales up 9.8%: ‘food inflation is starting to fall’
July 04, 2023 11:05 PM AEST| By InvezzJ Sainsbury plc (LON: SBRY) is in the red on Tuesday even though it reported a year-over-year increase in its quarterly comparable sales. Sainsbury’s Q1 financial results The supermarket chain said its like-for-like sales climbed 9.8% in the fi...
Government of India releases first list of 30 critical minerals
July 04, 2023 09:32 PM AEST| By InvezzLast week, the Government of India’s Ministry of Mines, released its highly anticipated Report of the Committee on Identification of Critical Minerals. Drawing upon the combined American, European, and Australian experience of critical materials poli...
Should you buy or sell US stocks following June PMI Manufacturing data?
July 04, 2023 09:05 PM AEST| By InvezzToday is Independence Day in the United States, and US banks are closed. As such, market participants should not expect much from the upcoming North American session. Yesterday was a slow day, too, as many people preferred to take a long weekend in l...
iShares Taiwan ETF has a 16% dividend yield: Is EWT a safe buy?
July 04, 2023 08:56 PM AEST| By InvezzTaiwan is going through headwinds in 2023 as concerns about geopolitics and semiconductor demand. Its economy contracted by 3.02% YoY in the first quarter after falling by 0.4% in Q4 of last year. By contracting in two straight quarters, it means tha...
Global X Uranium ETF: URA is a good buy if it crosses this price
July 04, 2023 06:55 PM AEST| By InvezzUranium prices are doing well in 2023 as other commodities recoil. The closely watched Global X Uranium ETF (URA) has jumped by over 18% from its lowest level this year. It has underperformed the spot Uranium price, which has jumped by over 18% year-...
