SoFi stock has rebounded in recent weeks, climbing from its year-to-date low of about $15 to around $19 today. Even so, the shares remain roughly 42% below their all-time high. CEO Anthony Noto has attributed much of the weakness to the broader pullback in fintech stocks. With the company’s earnings due later this month, the… Continue reading SoFi stock is crawling back: will it surge ahead of Q2 earnings?
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ITW stock: New dividend king slowly forms a highly bullish pattern
Illinois Tool Works (NYSE: ITW) stock has pulled back in the past few days as investors position themselves for the upcoming earnings report that will provide more color on its business. While growth expectations are low, the stock has formed the rare inverted head-and-shoulders pattern, pointing to a rebound. Illinois Tool Works is a dividend… Continue reading ITW stock: New dividend king slowly forms a highly bullish pattern
Kospi Index jumps as Samsung, SK Hynix lead, but beware of key risks
South Korea’s Kospi Index jumped by over 4% on Friday, capping a highly volatile week that saw it plunge to 7,060, its lowest level since May 20. It remains in a local bear market after falling by 20% from its highest point this year. Samsung and SK Hynix jumps The main driver for the ongoing… Continue reading Kospi Index jumps as Samsung, SK Hynix lead, but beware of key risks
Bitcoin price prediction as Crypto Fear and Greed Index jumps despite Strategy sales
Bitcoin price has held steady in the past few days, moving from this month’s low of $57,725 to the current $64,000. It has flipped a crucial resistance level into a support, and formed a bullish pattern, pointing to more gains as the Crypto Fear and Greed Index rises. Bitcoin price rises as the Crypto Fear… Continue reading Bitcoin price prediction as Crypto Fear and Greed Index jumps despite Strategy sales
Is the 3.2% yielding SCHD ETF a buy as one-year Treasury yields hit 4.06%?
The Schwab US Dividend Equity ETF (SCHD) has moved sideways in the past few days. It has remained inside the key support and resistance levels of $31.60 and $32.90 since May. Despite the consolidation, SCHD is having a strong year, with inflows rising by over $13 billion and its assets nearing the $100 billion mark.… Continue reading Is the 3.2% yielding SCHD ETF a buy as one-year Treasury yields hit 4.06%?
Broadcom stock is in a local bear market: will it retest its record high?
Broadcom stock price rose by 5% on Wednesday after extending its relationship with Apple. AVGO rose to $395, a 10% increase from its lowest level this month. It remains in a local bear market after falling by 20% from its highest point this year. So, will it rebound and retest its all-time high? Broadcom expands… Continue reading Broadcom stock is in a local bear market: will it retest its record high?
Lloyds share price is up 47% in 12 months: why it may soar to 141p
Lloyds share price has pulled back over the past few days, falling from its year-to-date high of 116p to the current 112.10p. Although the stock has surged by 47% over the past 12 months, there are several reasons why it could continue rising in the foreseeable future. Analysts are optimistic about Lloyds Bank growth Lloyds… Continue reading Lloyds share price is up 47% in 12 months: why it may soar to 141p
USD/ZAR forecast: falling wedge points to a South African rand pullback
The USD/ZAR exchange rate rose by a few pips today, July 9, as crude oil prices rose following the new strikes in the Middle East. It jumped to 16.50 on Wednesday and then pulled back a bit to 16.37. South African rand falls as geopolitical tensions rise The South African rand softened a bit after… Continue reading USD/ZAR forecast: falling wedge points to a South African rand pullback
Hang Seng Index rally has stalled: what next for Hong Kong stocks?
The Hang Seng Index retreated to 24,011 on Thursday, paring back some of the gains made a day earlier. This drop mirrored developments in key markets like in the United States and South Korea. Still, the potential rotation to Hong Kong stocks may push it higher, potentially to 25,000. Rotation to Chinese equities possible The… Continue reading Hang Seng Index rally has stalled: what next for Hong Kong stocks?