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EUR/USD rate to keep rising despite improvements in core inflation dynamics

One of the most important pieces of economic data from the euro area was released this week. On Wednesday, the Final CPI y/y data showed inflation in the euro area at 6.9%. Luxembourg and Spain registered the smallest increases, of 2.9%, respectively 3.1%. While the 6.9% average for the euro area is way higher than… Continue reading EUR/USD rate to keep rising despite improvements in core inflation dynamics

Quarterly BTC volume hit second highest ever mark in Q1, 2023: Report

Crypto news have in recent weeks concentrated on the market action that saw bitcoin and Ether prices hit new year-to-date highs. And as the cryptocurrencies have swung lower (Bitcoin is currently below $28,700 and Ethereum under $2,000) amid this week’s other headlines, it is likely some of the biggest trends have silently slipped beneath the… Continue reading Quarterly BTC volume hit second highest ever mark in Q1, 2023: Report

EasyJet share price braces for a big rally if this happens

The aviation industry has staged a strong recovery, with many companies reporting higher revenues than before the pandemic. As a result, most airline stocks have jumped sharply from their pandemic lows. EasyJet (LON: EZJ) share price jumped to a high of 527p, the highest point since May last year. It has jumped by over 85%… Continue reading EasyJet share price braces for a big rally if this happens

Elevance Health revenue growth hurt by a $1.8B unrealized loss

Elevance Health (NYSE: ELV), the giant insurance company, had a strong performance in the first quarter as the number of insurance enrolments increased. Its revenue and earnings per share (EPS) were better than estimates. Elevance said that its revenue jumped to $41.9 billion in the first quarter a 10.6% increase from what it made in… Continue reading Elevance Health revenue growth hurt by a $1.8B unrealized loss

Long-term investing: S&P 500 decline now in top 10 over last century

Yesterday, I published a piece looking at the dominance of the US stock market since the Great Financial Crash in 2008.  In this 14-year time period, the S&P 500 has steamrolled all before it. Generating a 358% return since 2009, investors who have blindly punted the biggest stock market in the world have enjoyed tremendous… Continue reading Long-term investing: S&P 500 decline now in top 10 over last century

LUNR stock price analysis: is Intuitive Machines a good buy?

Intuitive Machines (NASDAQ: LUNR) stock price jumped by more than 25% in the premarket as traders cheered a major NASA contract. The shares jumped to $13, the highest level since March 20 of this year, giving it a market cap of more than $875 million. Why is Intuitive Machines surging? Intuitive Machines is a company… Continue reading LUNR stock price analysis: is Intuitive Machines a good buy?

DraftKings stock price: DKNG is ripe for a 80% jump if this happens

DraftKings (NASDAQ: DKNG) stock price has been in a strong bullish break out as investors wait patiently for the upcoming earnings. The shares rose to a high of $21 on Tuesday, the highest point since February 21st. This price is close to March 2022 highs, meaning it has jumped by more than 100% from the… Continue reading DraftKings stock price: DKNG is ripe for a 80% jump if this happens

Mark Mahaney is bullish on Netflix stock despite disappointing outlook

Shares of Netflix Inc (NASDAQ: NFLX) tanked first but then recovered fully in extended hours even though the streaming giant issued disappointing guidance for its current quarter. Here’s what Netflix expects for Q2 The mass media company now forecasts a 3.4% annualised growth in its Q2 revenue to $8.24 billion on $2.84 of per-share earnings.… Continue reading Mark Mahaney is bullish on Netflix stock despite disappointing outlook