Market News

USD/PHP forecast as the Philippine peso crashes to record low

The Philippine peso continued its strong downward trend and is now hovering near its all-time low as the country’s economy remains under pressure amid the ongoing US-Iran war. The USD/PHP exchange rate was trading at 60.65, a few points below the all-time high of 60.75. The Philippine economy is facing major headwinds  The USD to… Continue reading USD/PHP forecast as the Philippine peso crashes to record low

Here’s why MLP stocks like Energy Transfer, Enterprise Partners are soaring

Top master limited partnership stocks are firing on all cylinders this year, with most of them hovering at their all-time highs, even as the stock market has moved into a correction. Energy Transfer stock jumped to a record high of $19.8, up by 46% from its lowest point last year. Top MLP stocks have jumped… Continue reading Here’s why MLP stocks like Energy Transfer, Enterprise Partners are soaring

As Blue Owl stock price implodes, is it safe to buy the dip?

Blue Owl stock price has suffered a harsh reversal since last year, erasing billions of dollars in value as the company has moved from one crisis to another. It slumped to $8.85, down sharply from the all-time high of $25.  This retreat has led to a $28 billion wipeout as the market capitalization has dropped… Continue reading As Blue Owl stock price implodes, is it safe to buy the dip?

Southwest stock trails top peers as a key strategic change backfires

Southwest Airlines stock price has plunged harder than its American peers during the ongoing Iran war as a key strategy decision made last year backfired. LUV has dropped by 25.3% in the last 30 days, while Delta, United Airlines, and American Airlines have slumped by 2%, 17%, and 21%, respectively. LUV stock vs United Airlines,… Continue reading Southwest stock trails top peers as a key strategic change backfires

Top stocks dragging the Dow Jones Index as it moves into a correction

The Dow Jones Index has moved into a correction after falling by over 10% from its highest point this year and is now hovering at its lowest level since September last year. Salesforce is the worst-performing Dow Jones Index stock this year  Salesforce stock price has crashed by 32% this year, making it one of… Continue reading Top stocks dragging the Dow Jones Index as it moves into a correction

Here’s why the Rolls-Royce share price may crash to 1,000p soon

The Rolls-Royce share price has dropped and moved into a correction this month as the US-Iran war has escalated. It tumbled to a low of 1,108p, down by over 22% from the year-to-date high. This retreat may continue, potentially to 1,000p as the war impacts its civil aviation business. Rolls-Royce share price has slumped amid… Continue reading Here’s why the Rolls-Royce share price may crash to 1,000p soon

IAG share price analysis as jet fuel costs surge: buy or sell?

The International Consolidated Airlines Group (IAG) share price has slumped in the past few weeks since the US-Iran war started in February as concerns about soaring fuel costs rose. IAG stock dropped to $349 on Monday, down by 25% from its highest point this year, lagging behind the FTSE 100 Index, which has dropped by… Continue reading IAG share price analysis as jet fuel costs surge: buy or sell?