Market News

Vodafone share price dropped today, May 12, even as the company published strong financial results, helped by its strategic pivot to its main markets. It dropped to 112p, from the year-to-date high of 121.95p. Still, it remains substantially higher than last year’s low of 63.12p. Vodafone’s strategic pivot is paying off  Vodafone, one of the… Continue reading Vodafone share price drops after earnings, as technicals point to a 22% surge

South Korea’s Kospi Index has been in one of the best bull runs and is now hovering near its all-time high as the artificial intelligence boom gains steam. It has jumped by 82% this year and 197% in the last 12 months, adding billions of dollars in value. Goldman Sachs and Citigroup are bullish on… Continue reading JPMorgan, Citi are bullish on the Kospi Index rally, but beware of crucial risks

Micron stock price continued firing in all cylinders today, May 11, as demand for its products soared. MU jumped by over 6% to $790, continuing an uptrend that started in April last year when it bottomed at $64. Still, despite the surge, there are signs that the company is still a bargain. Micron stock is… Continue reading Micron stock is extremely cheap despite the ongoing bull run: is it a buy?

Circle Internet stock jumped by over 4% in the premarket session after publishing an encouraging first-quarter earnings report, which demonstrated strong revenue growth. CRCL jumped to the important resistance level at $120, up sharply from the year-to-date low of $50. Circle stock jumps as revenue growth continued CRCL stock price has been in a tight… Continue reading Circle stock forecast: Revenue growth picks up pace as Arc raises $222M

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

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?

The S&P 500 Index jumped to a record high last week, continuing an uptrend that started on March 30 when it plunged to $6,315. It rose to an all-time high of $7,398, adding trillions of dollars in value. This rally article looks at the potential catalysts for the index and its ETFs like VOO, SPY,… Continue reading Week ahead: Top catalyst for S&P 500 Index, SPY, and VOO ETFs

The USD/ZAR exchange rate will be in the spotlight this week as investors react to a recent court ruling that raised impeachment risks for President Cyril Ramaphosa. It was trading at 16.43, down from the April high of 16.91 and the year-to-date high of 17.2470.  Cyril Ramaphosa’s impeachment risks rise The South African rand has… Continue reading USD/ZAR forecast: Rand outlook amid Ramaphosa impeachment risks

The Nikkei 225 Index remained at a record high on Monday, continuing a surge that started late March when it was trading at $50,613. It was trading at ¥62,677 as traders eyed major events this week. This article looks at some of the top catalysts that will move Japan stocks this week.  Nikkei 225 Index… Continue reading Top catalysts for Japan’s Nikkei 225 Index this week