One 97 Communications (PAYTM) share price has moved sideways recently even as the company’s performance continues improving. The stock was trading at ₹650, where it has been in the past few days. This price is ~50% above the lowest point in 2022. Analysts are upbeat about Paytm One 97 Communications, the giant payment company that… Continue reading Paytm share price has a big upside according to analysts
Company Spotlight
Rivian downgraded as concerns about cash burn remain
Rivian (NASDAQ: RIVN) received another downgrade on Friday as concerns about the company’s future remains. In a note, analysts at Piper Sandler downgraded their rating of the company from overweight to neutral. They expect that the company, which is a cash incinerator, will need to raise additional capital to implement its current strategy. Precisely, they… Continue reading Rivian downgraded as concerns about cash burn remain
Infosys stock price is hanging on a threat: buy the dip?
Infosys (NSE: INFY) stock price is hovering near its lowest level in 2022 after the company published weak financial results this week. Shares of the Indian giant dropped to a low of 1,400 INR in India and to $15.33 in New York. Infosys earnings and downgrade Infosys published weak results that reflected the state of… Continue reading Infosys stock price is hanging on a threat: buy the dip?
Responsible investing vs. investing in questionable assets
There has been a lot of talk about responsible investing versus what’s considered investment in questionable assets. For example, many funds do not invest in the so-called sin sector or vice funds, with many considering tobacco, alcohol, weapons, adult entertainment, nuclear power and gambling to be questionable investment targets. On the other hand, some investors… Continue reading Responsible investing vs. investing in questionable assets
UBS renames Sergio Ermotti as CEO to lead Credit Suisse merger
UBS Group AG (NYSE: UBS) is in focus this morning after renaming Sergio Ermotti as its Chief Executive to oversee the pending acquisition of Credit Suisse (NYSE: CS). Here’s what we know so far Ermotti has previously led UBS between November 2011 and October 2020 – a nine-year tenure in which he played a central… Continue reading UBS renames Sergio Ermotti as CEO to lead Credit Suisse merger
Bear Traps’ McDonald sees a ‘sharp drawdown’ ahead in Nasdaq
Nasdaq Composite is currently up more than 12% year-to-date but Founder of the “Bear Traps Report” says a significant downside may unravel in the coming weeks. Banking crisis is not over Larry McDonald is bearish on the equities market primarily because he’s not convinced that worst of the banking crisis is over just yet. Speaking… Continue reading Bear Traps’ McDonald sees a ‘sharp drawdown’ ahead in Nasdaq
First Citizens shares jump 45% on ‘very good news’
Frist Citizens BancShares Inc (NASDAQ: FCNCA) is trading about 45% up this morning after agreeing to buy Silicon Valley Bank assets at a deep discount. Pro reacts to the stock market news On Monday, the Federal Deposit Insurance Corporation said the Nasdaq-listed firm will assume roughly $72 billion worth of SVB loans and deposits at… Continue reading First Citizens shares jump 45% on ‘very good news’
Tether’s Paolo Ardoino says BTC could retest its all-time high amid the banking crisis
Tether’s chief technology officer (CTO) Paolo Ardoino in an interview with CNBC said that Bitcoin could retest its all-time high amid the current banking crisis. Bitcoin reached an all-time high above $69,000 on November 10, 2021, before embarking on a bearish trend that saw it test $15,000 towards the end of 2022. Bitcoin is currently… Continue reading Tether’s Paolo Ardoino says BTC could retest its all-time high amid the banking crisis
Flare price surging as Deutsche Bank failure push markets down: here’s why
Flare price has surged by more than 12% today as the global market cap dropped by about 2.20% after Germany’s largest multinational lender Deutsche Bank shares tumbled on Friday as financial industry fears continue to spread following the string of global bank failures, especially in the US, this month. Today’s crypto market plunge is highly… Continue reading Flare price surging as Deutsche Bank failure push markets down: here’s why