stocktrader

Nasdaq 100 Index RSI hits a level that triggered a 16% crash last time

The Nasdaq 100 Index continued its strong bull run this month, reaching its highest point on record. It was trading at an all-time high of $29,235, up by over 15% this year. This rally will be put to the test as the index has become the most overbought since June 2024.  Nasdaq 100 Index has… Continue reading Nasdaq 100 Index RSI hits a level that triggered a 16% crash last time

Strategy (MSTR) adds $43M in Bitcoin as Saylor revives aggressive buying

Strategy, the bitcoin-focused company (previously known as Microstrategy), has expanded its cryptocurrency holdings once again, purchasing an additional 535 BTC for approximately $43 million between May 4 and May 10, according to a filing with the Securities and Exchange Commission. The company paid an average price of $80,340 per bitcoin in the latest acquisition round,… Continue reading Strategy (MSTR) adds $43M in Bitcoin as Saylor revives aggressive buying

Alphabet plans first Yen bond sale to help fund AI expansion

Alphabet (GOOGL) plans to issue Japanese yen-denominated bonds for the first time as the technology giant seeks additional funding for its rapidly expanding artificial intelligence infrastructure ambitions. According to a filing on Monday, the Google parent company intends to launch the bond offering in Japan, although it did not disclose the size of the issuance.… Continue reading Alphabet plans first Yen bond sale to help fund AI expansion

Bitget IPO Prime taps into $4T AI opportunity with OpenAI

Bitget has added OpenAI (preOPAI) as the second listing on its IPO Prime platform, extending pre-IPO access to one of the most closely watched companies in artificial intelligence. Issued on Solana by regulated partner Republic, preOPAI is designed to track the economic performance of OpenAI following a future public listing. The offering introduces a low… Continue reading Bitget IPO Prime taps into $4T AI opportunity with OpenAI

HSBC sees explosive upside for S&P 500 despite global risk fears

HSBC has raised its year-end target for the S&P 500 to 7,650 from 7,500, arguing that a run of strong quarterly earnings has given fresh support to US equities even as investors continue to weigh inflation risks tied to higher oil prices and the conflict in the Middle East. The new target implies upside of… Continue reading HSBC sees explosive upside for S&P 500 despite global risk fears

Dow futures plunge 50 points: 5 things to know before market opens

US stock futures edged lower on Monday after President Donald Trump rejected Iran’s latest peace offer, souring risk appetite and pushing investors towards a more cautious start to the week. The move came as markets continued to assess a stronger-than-expected April payrolls report, firmer oil prices and a busy slate of earnings and inflation data.… Continue reading Dow futures plunge 50 points: 5 things to know before market opens

Vodafone share price just flashed a golden cross ahead of earnings: will it jump?

Vodafone share price has remained in a narrow range in the past few days and is now hovering at its highest point since August 2022. VOD has jumped to 118p, up by 90% from its lowest level in December last year, giving it a market capitalisation of over $37 billion. Vodafone to publish its earnings… Continue reading Vodafone share price just flashed a golden cross ahead of earnings: will it jump?

Titan, Senco, Kalyan shares drop as India’s PM urges pause in gold buying

Indian jewellery retailer stocks fell sharply on Monday after Prime Minister Narendra Modi urged consumers to avoid buying gold jewellery for a year in a bid to preserve foreign exchange and support the rupee. The development raised fresh concerns about demand in one of the world’s most important bullion markets. Shares of companies including Titan,… Continue reading Titan, Senco, Kalyan shares drop as India’s PM urges pause in gold buying