Stock market

Robinhood expands footprint in Europe, introducing crypto transfer features for EU customers
October 01, 2024 06:21 PM AEST| By InvezzRobinhood has officially announced the expansion of its cryptocurrency services in the European Union, allowing customers to transfer cryptocurrencies in and out of its app. This move marks a significant step in the company’s international growth str...

Why global investors should tread carefully amid China’s stock market rise
October 01, 2024 05:46 PM AEST| By InvezzA 25% surge in Chinese stocks, fueled by Beijing’s recent stimulus measures, has left global money managers scrambling to gain exposure to the country’s stock market. However, despite these attractive gains, there are significant risks for investors...

PepsiCo nearing $1 billion acquisition deal for Siete Foods?
October 01, 2024 05:05 PM AEST| By InvezzPepsiCo Inc. (PEP.O) is in advanced discussions to purchase Texas-based tortilla-chip maker Siete Foods for more than $1 billion, according to sources cited by the Wall Street Journal. The Garza family, which owns and operates Siete Foods, has built...

AI chipmaker Cerebras Systems files for IPO to challenge Nvidia, records threefold revenue jump
October 01, 2024 04:02 PM AEST| By InvezzAI chip startup Cerebras Systems has filed for an initial public offering (IPO), signaling its ambition to compete with industry giant Nvidia. Cerebras Systems reported more than a threefold increase in its annual revenue for 2023, the AI chipmaker r...

SMCI joins Nvidia, Broadcom in list of semiconductor giants choosing stock splits, here’s why
October 01, 2024 03:53 PM AEST| By InvezzSuper Micro Computer (SMCI), a leader in semiconductor technology, officially joined the growing trend of tech companies executing stock splits. The company announced a 10-for-1 stock split, which took effect after the market closed on Monday. This m...

iPhone 16 sees mixed sales response, but AAPL stock is going strong
October 01, 2024 02:51 PM AEST| By InvezzShares of Apple Inc. (AAPL) surged 2.3% on Monday, reaching $233 and marking their highest close since mid-July. This strong performance came on the back of an optimistic call from J.P. Morgan regarding iPhone 16 availability. Analyst Samik Chatterje...

Asia-Pacific markets mixed as Powell signals slower US rate cuts; Japan’s Nikkei rebounds
October 01, 2024 02:25 PM AEST| By InvezzAsia-Pacific markets showed mixed results on Tuesday following remarks from US Federal Reserve Chair Jerome Powell. Powell indicated that while additional rate cuts are expected, they will be less aggressive than the recent moves by the central bank....

ZIM Integrated stock price flipped key resistance: now what?
October 01, 2024 12:02 PM AEST| By InvezzThe ZIM Integrated Shipping (ZIM) stock price is firing on all cylinders this year as shipping costs rebound. Most recently, it has risen in the last eight consecutive days, moving to a high of $26.18, its highest point since August 2022. It also jum...

Park Hotels & Resorts Experiences Price Decline
October 01, 2024 05:56 AM AEST| By Team Kalkine MediaHeadlines,Analysts have recently reassessed Park Hotels & Resorts, leading to notable rating changes.,Several firms have lowered their target prices, reflecting a cautious outlook for the company's stock.,The overall consensus rating among analysts l...

Pinterest Rating Reiterated by Cantor Fitzgerald
October 01, 2024 05:53 AM AEST| By Team Kalkine MediaHeadlines,Multiple analysts have expressed their views on Pinterest, providing updated insights and price targets.,The stock has garnered attention from various research firms, reflecting a range of perspectives.,Overall, the company's outlook remain...

UBS Group Upgrades TC Energy (NYSE)
October 01, 2024 05:33 AM AEST| By Team Kalkine MediaHeadline,UBS Group has upgraded its rating on TC Energy, reflecting confidence in the company's future prospects.,Analysts have expressed mixed views on TC Energy, with various ratings issued recently.,The overall sentiment indicates a shift toward o...

Cantor Fitzgerald Updates Rating for Snap
October 01, 2024 05:21 AM AEST| By Team Kalkine MediaHeadlines,Cantor Fitzgerald restated Snap's neutral rating, signaling caution in the current market.,Multiple analysts have adjusted their ratings and price targets, indicating mixed sentiment towards Snap's performance.,The overall analyst consensus...
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Is Kinetik Holdings' Performance Worth Noting?
October 01, 2024 05:08 AM AEST| By Team Kalkine MediaHeadlines,Kinetik Holdings,(NYSE: KNTK),focuses on generating revenue and earning profits, making it an appealing choice for those who value financially stable businesses.,Consistent profit generation can be a key indicator of a company's ability to...

SES AI Receives Notice from NYSE Regarding Compliance
October 01, 2024 05:05 AM AEST| By Team Kalkine MediaHeadlines,SES AI has received a notice from the NYSE regarding its stock price, with an opportunity to regain compliance within a set period.,The company can meet the NYSE requirements by maintaining its share price above $1.00 for 30 consecutive tra...
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Global Net Lease (NYSE) Sees Quarterly Gain but Long-Term Challenges Remain
October 01, 2024 04:58 AM AEST| By Team Kalkine MediaHeadlines,Global Net Lease saw a notable rise in its share price this past quarter, reflecting positive short-term movement.,Despite this, long-term investors are facing significant losses over the past five years, signaling ongoing challenges.,A clo...

Ford stock: is it still a good EV play?
October 01, 2024 04:36 AM AEST| By InvezzIn recent months, EV stocks have come under pressure as lack of charging infrastructure, range anxiety, cost of owning an electric vehicle, and supply chain issues weighed on adoption. Such headwinds pushed several automakers into dialing down their...

European shares see a rough start to the week: Stellantis drops 14%, Rightmove falls 8.7%
October 01, 2024 04:35 AM AEST| By InvezzOn Monday, the pan-European Stoxx 600 index had fallen by around 0.75%, creating a challenging environment for investors. Most sectors and major exchanges were hit severely, with automobile stocks falling the most, down 3.7%. Stellantis, the automoti...

BMO Capital Markets Adjusts NRG Energy Price Target
October 01, 2024 03:53 AM AEST| By Team Kalkine MediaHeadlines,BMO Capital Markets has updated its price target for NRG Energy, reflecting optimism for the company.,Recent reports from various financial institutions highlight mixed ratings on NRG Energy's stock performance.,The overall consensus among...

Tuya (NYSE) Shares Surge to $1.70
October 01, 2024 03:39 AM AEST| By Team Kalkine MediaHeadlines,Tuya's latest earnings report showed positive growth, surpassing expectations and indicating improved performance.,The company announced a variable dividend to be paid in mid-October, reflecting strong business momentum.,Institutional inves...

XPeng Shares Rise as Analysts Adjust Ratings
October 01, 2024 03:34 AM AEST| By Team Kalkine MediaHeadlines,Analysts from various firms have recently updated their evaluations of XPeng.,Some firms have upgraded their ratings, while others have adjusted their target prices for the company.,Despite varying opinions, XPeng,(NYSE:XPEV),remains a foca...