Travel stocks remain in focus this week as escalations continue between the US and Iran, with the Trump administration threatening to soon hit Tehran “extremely hard”. Geopolitical friction often serves as a major headwind for the travel industry as it drives up jet fuel prices – its highest variable cost – and forces expensive flight… Continue reading Josh Brown names top travel stocks poised to weather geopolitical risks
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Can Wegovy HD 7.2 mg drive Novo Nordisk’s obesity drug rebound?
Novo Nordisk announced on Tuesday that it is making a higher-dose version of its popular weight-loss medication, Wegovy, available across the United States. The new 7.2-milligram dose, branded as Wegovy HD, was recently approved under the FDA Commissioner’s National Priority Review Voucher program last month, marking a significant development in obesity treatment options. Before this… Continue reading Can Wegovy HD 7.2 mg drive Novo Nordisk’s obesity drug rebound?
Virgin Galactic stock is soaring: is this a dead-cat bounce or start of a rally?
The Virgin Galactic stock price has rebounded this week and is hovering at its highest point since January 28. It has soared by 45% from its lowest point this year, bringing the market capitalisation to $250 million. Top reasons why the Virgin Galactic stock has soared The SPCE stock has soared in the past few… Continue reading Virgin Galactic stock is soaring: is this a dead-cat bounce or start of a rally?
Dow Jones slip 200 points as Trump Iran deadline fuels market fears
Wall Street’s main indexes opened lower on Tuesday as investors assessed escalating tensions between the United States and Iran ahead of President Donald Trump’s deadline for Tehran to reopen the Strait of Hormuz. The Dow Jones Industrial Average was down 214 points, or 0.46%, while the S&P 500 index fell 0.42% and the Nasdaq 100… Continue reading Dow Jones slip 200 points as Trump Iran deadline fuels market fears
Goldman Sachs flags Big Tech buy as Iran war dents valuations
Big Tech stocks, which have come under sustained pressure in recent months, may be entering a more attractive phase for investors as valuations reset and geopolitical tensions reshape market dynamics, according to analysts at Goldman Sachs. The sector’s sharp pullback, exacerbated by the ongoing Iran conflict, has led to a reassessment of growth expectations and… Continue reading Goldman Sachs flags Big Tech buy as Iran war dents valuations
UnitedHealth, US insurer stocks surge on Tuesday: here’s why
Shares of major US health insurers jumped in premarket trading on Tuesday following the government’s announcement of a larger-than-expected increase in 2027 payment rates for Medicare Advantage plans. Insurance giant UnitedHealth led the rally, climbing 6.9%, while CVS Health, Elevance Health, Centene , and Molina Healthcare rose between 3.6% and 6%. Notably, Humana surged 10.7%,… Continue reading UnitedHealth, US insurer stocks surge on Tuesday: here’s why
Broadcom stock price bullish flag points to more gains after the Anthropic deal
Broadcom stock price has crashed into a technical bear market after falling by over 24% from its highest point in December last year. AVGO dropped to 314, with its market capitalisation dropping from over $1.9 trillion to $1.5 trillion. So, will the new deal with Anthropic fuel its comeback? Broadcom inks major deal with Anthropic … Continue reading Broadcom stock price bullish flag points to more gains after the Anthropic deal
ASML stock tumbles as US bill threatens China chip tool sales
ASML shares fell 2.6% on Tuesday after a group of bipartisan US lawmakers introduced legislation last week that could further restrict the Dutch semiconductor equipment maker’s already constrained sales to China. The bill, if passed, would extend export controls to include less advanced chipmaking tools that Chinese manufacturers have so far been permitted to buy.… Continue reading ASML stock tumbles as US bill threatens China chip tool sales
Why Air India’s turnaround CEO is leaving before the job is done
Campbell Wilson’s resignation as Air India chief executive is striking not because it comes after a failed turnaround, but because it comes in the middle of an unfinished one. When Tata Group brought him in during 2022, the task was clear: rebuild a former state-run airline that had lost years to underinvestment, weak service and… Continue reading Why Air India’s turnaround CEO is leaving before the job is done