Stock market

Long LI: strong support at $18 and impressive earnings signal robust growth in electric vehicles

I’d avoid SLB and Baker Hughes and buy Weatherford stock

The energy industry has come into the spotlight recently as crude oil and natural gas prices have retreated. Most oil stocks have pulled back as investors have embraced the new normal of lower prices as demand concerns have remained. This performance...

China to recapitalize major banks as profits sink and bad debt rises

In a significant move to address mounting financial pressures, China has announced plans to recapitalize its largest commercial banks for the first time in over a decade. The initiative is aimed at bolstering a banking sector struggling with record-l...

GE Vernova stock soared to a record high: brace for a pullback

GE Vernova (NYSE: GEV) stock price has done well as an independently traded company. It has surged for three consecutive weeks, reaching a record high of $254, which is about 122% above the lowest point this year.  GE Vernova is a top energy com...

Byju’s loses appeal over $1.2 billion loan default as Delaware Supreme Court upholds ruling

Byju’s, the embattled Indian education technology company, suffered another significant setback on September 23 when the Delaware Supreme Court upheld a ruling that declared the company in default on its $1.2 billion Term Loan B. This decision hands...

Texas Instruments Shows Modest Gains Despite Sector Challenges

Headlines,Texas Instruments closed at $203.85, with a slight increase of 0.27% compared to the S&P 500's gain of 0.28%.,The company has seen a 3.14% decline over the past month, underperforming the Computer and Technology sector and broader market tr...

RTX Surges Beyond Market Performance: Key Insights

Headlines,RTX shares increased by 1.79%, outperforming the S&P 500 and key indices.,Despite recent losses, the aerospace and defense sector shows signs of recovery.,Earnings and revenue growth are anticipated in RTX's upcoming financial report.,In th...

Axon Enterprise's Steady Climb with Gains in Focus

Healines,Axon Enterprise (AXON) closed at $393.84, marking a +0.14% rise but trailing the broader market gains.,Over the past month, Axon outperformed its sector and the S&P 500, with a 6.09% increase compared to 5.6% for the Industrial Products sect...

Micron Q4 earnings preview: why MU stock could rally this week

Micron Technology Inc. (NASDAQ: MU) has experienced a nearly 40% decline since mid-June, despite being a key beneficiary of the artificial intelligence boom, which significantly improved its profits and revenues in 2024. Broader challenges, such as f...

Southwest Airlines warns of ‘difficult decisions’ to boost profitability amid competition

Southwest Airlines is bracing for significant operational changes as it responds to mounting pressure from activist investor Elliott Management. In a recent communication, the airline warned its workforce of “difficult decisions” ahead, e...

US billionaire Dan Friedkin to acquire 94% stake in Everton FC: what we know so far

US billionaire Dan Friedkin, owner of Italian football club A.S. Roma, has struck a deal to acquire a 94% stake in Everton F.C., one of England’s most storied Premier League clubs. The Friedkin Group will buy the club from the current owner Far...

Helix Labs secures $2M in pre-seed funding to tap into $12B Cardano liquidity

Helix Labs, a blockchain-focused startup, has raised $2 million in a pre-seed funding round, bringing its valuation to $40 million. The funding was led by Tribe Capital, EMURGO Ventures, Taureon Capital, LD Capital, and Double Peak Group as per a com...

Suze Orman Shares Why Bitcoin Could Be Worth Owning

Hedlines,Suze Orman emphasizes that bitcoin appeals strongly to younger generations, which could positively influence its value.,Orman views bitcoin as a speculative asset with potential for growth but advises caution in how much one allocates.,Orman...

Microsoft downgraded by DA Davidson citing AI competition: time to sell?

Microsoft Corp. (NASDAQ: MSFT) faced a shift in analyst sentiment on Monday, September 23, as DA Davidson downgraded the tech giant from a Buy to a Neutral rating while maintaining a $475 price target. The downgrade stems from concerns that Microsoft...

Short SMCI: Approaching key resistance at $487 with bearish rising wedge and weakening volume

Crypto and US stocks show record correlation as Fed policies align markets

Digital assets and US stocks are increasingly moving in tandem, reflecting the influence of similar macroeconomic factors. A recent correlation study reveals that the 40-day correlation coefficient between the largest 100 cryptocurrencies and the S&#...

Citi double upgrades Ciena to ‘Buy’ with $68 target: best time to invest?

Ciena Corp (NYSE: CIEN) saw its stock rise by about 4% in premarket trading on September 23 after analysts at Citi double-upgraded the shares from Sell to Buy. Citi also raised the price target significantly from $44 to $68, indicating a potential up...

Swedish battery manufacturer Northvolt to cut 1,600 jobs: here’s why

Swedish battery manufacturer Northvolt has announced plans to cut 1,600 jobs in Sweden as part of a broader cost-cutting drive. The move comes as the company faces economic headwinds and reviews its operational strategy. Northvolt, known for its part...

Long PSTG: Pure Storage Rebounds After Strong Earnings and Leadership Recognition

Long DVN: Devon Energy Rebounds from $40 Support After Positive Earnings