Wall Street is heading into July with a more bullish tone after a volatile June, as strategists point to seasonality, stronger earnings and renewed AI appetite as potential tailwinds for US equities. Wells Fargo, in a strategy note led by Ohsung Kwon, called for a “strong summer rally ahead,” citing improving investor positioning, delayed AI-related… Continue reading 3 ETF picks that could deliver strong upside in July’s rally
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SoftBank stock surges: is OpenAI loan the next big AI catalyst?
SoftBank Group stock rose on Thursday after a report said the Japanese investor had revived talks for a$10 billion loan backed by its OpenAI stake. The development gave markets another reason to bet on Masayoshi Son’s artificial intelligence push. The stock climbed 2.3% to ¥6,137, outperforming a 0.5% rise in the Nikkei 225. Why the… Continue reading SoftBank stock surges: is OpenAI loan the next big AI catalyst?
Bitcoin price prediction: Glassnode sees bottoming signs despite surging ETF outflows
Bitcoin price rose for the second consecutive day despite the rising ETF outflows and fear that Strategy will dump some of its holdings. BTC jumped to $60,870, up modestly from the year-to-date low of $58,000. Spot Bitcoin ETF outflows continued Demand for Bitcoin remains thin this week as investors continued their selling spree. Data compiled… Continue reading Bitcoin price prediction: Glassnode sees bottoming signs despite surging ETF outflows
Nikkei 225 Index outlook for July: Top 4 catalysts to watch this month
The Nikkei 225 Index has sold off recently as investors book profits following its strong rally to the all-time high of 72,781 in June. It was trading at 69,190 on Thursday, up by 37% this year. This article looks at the key catalysts that will drive the index this month. Nikkei 225 Index to react… Continue reading Nikkei 225 Index outlook for July: Top 4 catalysts to watch this month
Here’s why the Kospi Index is slumping today (July 2)
The Kospi Index slumped by over 7% as volatility in the South Korea’s equity market continued. It plunged to a low of 7,733, down by 17.50% from its highest point this year. Memory stocks drag the Kospi Index lower The Kospi Composite Index remained on edge today as its recent volatility gained momentum. It has… Continue reading Here’s why the Kospi Index is slumping today (July 2)
Here’s why Samsung, SK Hynix, and Kioxia stocks are diving today
Top Asian stocks in the memory industry retreated sharply today, July 2, as profit-taking gained steam. In Japan, Kioxia stock retreated to ¥75,160, down by 33% from its highest point this year. It has jumped by 555% this year. The same trend happened in South Korea, where SK Hynix gapped downwards, reaching a low of… Continue reading Here’s why Samsung, SK Hynix, and Kioxia stocks are diving today
Dow hits record high before fading as chip selloff weighs on Nasdaq
The Dow Jones Industrial Average touched a fresh intraday record on Wednesday before giving up most of its gains, while the Nasdaq Composite declined as investors took profits in semiconductor stocks following the sector’s blockbuster first-half rally. The Dow briefly climbed to an all-time intraday high of 52,742.66 before pulling back, with weakness in AI-related… Continue reading Dow hits record high before fading as chip selloff weighs on Nasdaq
Robinhood stock jumps on AI crypto tools and global expansion plans
Robinhood HOOD shares surged 8% on Wednesday after the online brokerage unveiled a series of new products and international expansion initiatives aimed at broadening its presence in cryptocurrency trading and global financial services. The announcements, made during a live event in London, included new AI-powered cryptocurrency trading capabilities for US customers, expanded perpetual futures trading… Continue reading Robinhood stock jumps on AI crypto tools and global expansion plans
Why is Microsoft stock gaining 4% today?
Microsoft MSFT shares rose 4% on Wednesday after consumer health company Haleon announced a new five-year agreement to expand its use of Microsoft’s artificial intelligence, cloud, and data technologies across its global operations. The partnership strengthens Microsoft’s position in enterprise AI adoption while the company also faces reports that it is preparing another round of… Continue reading Why is Microsoft stock gaining 4% today?