Affirm (NASDAQ: AFRM) stock price has crawled back in the past few days after the company published its financial results earlier this month. AFRM shares jumped to a high of $13.40 on Wednesday, the highest point in more than two months. It has jumped by over 50% from the lowest level this year. Affirm growth… Continue reading Affirm stock price has 2 key risks: here’ why I’m buying anyway
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US has made crypto rules ‘as confusing as possible,’ Ripple CEO says
Brad Garlinghouse, the CEO of blockchain company Ripple, says that the US has made crypto regulations “as confusing as possible.” In crypto news this morning, the Ripple exec’s belief is that the confusion arising from regulatory confusion is pushing more crypto companies to leave the US. The Ripple exec made the comments during an interview… Continue reading US has made crypto rules ‘as confusing as possible,’ Ripple CEO says
Workhorse stock price: debt-free but dilution risks remain
Workhorse Group (NASDAQ: WKHS) stock price has been in a strong bearish trend as concerns about electric vehicle companies continued. The shares dropped to a low of $1.03, the lowest level since May 19th. At its peak, the stock was trading at $43.11, meaning investors have lost billions in the past few years. Is Workhorse… Continue reading Workhorse stock price: debt-free but dilution risks remain
Nikola stock price analysis: dangerous to short at current level
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
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