Nikola (NASDAQ: NKLA) stock price is sitting at its all-time low as concerns about the company’s future remain. The car company, once valued at billions, has now become a penny stock trading at $0.73. This price is about 99% below its all-time high, giving it a market cap of over $480 million. Existential risks remains… Continue reading Nikola stock price analysis: dangerous to short at current level
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Who wants to buy European luxury goods? It seems everybody does
European luxury goods are “on fire.” Despite the economic challenges posed by high inflation and war in Eastern Europe, the local luxury industry found a way to shine in this environment. Asian buyers are desperate to own European brands. But they are not alone. In fact, Americans have the largest share, of about 30% of… Continue reading Who wants to buy European luxury goods? It seems everybody does
Coinbase stock: H.C. Wainwright updates COIN price target, reiterates Buy rating
Coinbase shares traded above $60 on Wednesday, up more than 24% in the past five days and over 80% higher in year-to-date returns. Incidentally, the price of COIN has remained positively poised after the company’s revenue beat as announced in its first quarter 2023 results. H.C Wainwright analyst Mike Colonnese has now raised the price… Continue reading Coinbase stock: H.C. Wainwright updates COIN price target, reiterates Buy rating
What made U.K. online fashion retailer ASOS stock tank 20% today?
Shares of ASOS plc (LON: ASC) tanked more than 20% on Wednesday after the online fashion retailer reported disappointing results for its fiscal first half. ASOS stock down on widened loss The British company cited exceptional costs attributed to its right-sizing plan and reported a hit to revenue and widened loss for H1 today. Still,… Continue reading What made U.K. online fashion retailer ASOS stock tank 20% today?
U.S. CPI print today makes Amazon stock more attractive: here’s why
S&P 500 opened up this morning after the Bureau of Labour Statistics reported inflation to have eased further in April. Quincy Krosby reacts to the CPI report today Versus a year ago, consumer prices were up 4.9% last month – 0.1% less than the Dow Jones estimate. Reacting to the CPI print, Quincy Krosby –… Continue reading U.S. CPI print today makes Amazon stock more attractive: here’s why
Russell 2000 outperforms after the encouraging US inflation data
Russel 2000 index futures jumped by more than 1.18% on Wednesday after the US consumer inflation data. The index, which tracks small-cap companies in the US, jumped by more than 1.56%, beating those tied to the Dow Jones and Nasdaq 100 indices. US inflation data Economic data by the statistics agency showed that the headline… Continue reading Russell 2000 outperforms after the encouraging US inflation data
Lloyds share price hangs tight ahead of BoE 12th rate hike
The Lloyds (LON: LLOY) share price pulled back to a low of 46.15p ahead of the upcoming interest rate decision by the Bank of England (BoE). Shares of the biggest British bank have dropped by more than 12% from the highest point this year. Other British banks like Barclays, HSBC, and Standard Chartered have also… Continue reading Lloyds share price hangs tight ahead of BoE 12th rate hike
Ryanair share price stays calm at a key level ahead of May 22
Ryanair (NASDAQ:RYAAY) share price has been one of the best-performing airline stocks in 2023 as the aviation sector rebounded. The stock jumped to a high of $98.83 on Tuesday after the company announced a big Boeing order. It has soared by more than 76% from the lowest level in 2022. Ryanair’s large Boeing order The… Continue reading Ryanair share price stays calm at a key level ahead of May 22
PayPal and Upstart stock prices diverged after earnings: better buy?
PayPal (NASDAQ: PYPL) and Upstart (NASDAQ: UPST) stock prices diverged after they published their earnings this week. Upstart shares jumped by 40% in extended hours to $19.66 while PayPal stock crashed by more than 12% on Tuesday. Which is a better buy between Upstart and PayPal? PayPal and Upstart earnings download Upstart and PayPal are… Continue reading PayPal and Upstart stock prices diverged after earnings: better buy?