Rolls-Royce share price has lost the momentum it had last year as it faces some major external challenges that threaten its profit targets. RR has remained inside the narrow range between 1,095p and 1,340p since February. Still, this consolidation may lead to a strong rebound in the coming weeks as its fundamentals remain intact. Rolls-Royce… Continue reading Rolls-Royce share price faces a crucial test: rally or retreat ahead?
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Silver price forecast: death cross nears ahead of US inflation data
Silver price retreated sharply today, June 10, as concerns about the global economy and inflation continued. XAG fell to $64, down sharply from the year-to-date high of $121. It has slumped to its lowest point since March 24 this year. Silver price slips amid inflation worries Silver retreated sharply on Wednesday as concerns about the… Continue reading Silver price forecast: death cross nears ahead of US inflation data
Gold price loses crucial support ahead of US CPI data: will it crash to $4,000?
Gold price made a strong bearish breakout overnight, reaching its lowest level since March 23rd this year. It dropped to a low of $4,180, down by over 25% from its highest point this year. This retreat may continue now that it has formed a death cross pattern ahead of the US inflation report. Gold price… Continue reading Gold price loses crucial support ahead of US CPI data: will it crash to $4,000?
Soaring Astera Labs stock faces a major valuation risk: what next?
Astera Labs stock price has gone parabolic in the past few months, mirroring the performance of the semiconductor industry. ALAB jumped to $346 on Monday, up by 253% from its lowest point this year, with its valuation jumping from $16.6 billion in April to $60 billion today. Still, the company faces some major risks, with… Continue reading Soaring Astera Labs stock faces a major valuation risk: what next?
Here’s why the S&P 500 Index, SPYM, SPY, and VOO ETFs may drop 5.4% soon
The S&P 500 Index has pulled back in the past few days, moving from the year-to-date high of $7,618 to $7,400. This retreat has happened amid profit-taking among investors and as US bond yields jumped following last week’s strong jobs numbers. Still, there is a likelihood that the index and its ETFs like, VOO, SPY,… Continue reading Here’s why the S&P 500 Index, SPYM, SPY, and VOO ETFs may drop 5.4% soon
Rocket Lab stock has crashed into a local bear market: will RKLB rebound?
Rocket Lab (NASDAQ: RKLB) stock has slipped into a local bear market after falling by 25% from its highest point this year. It was trading at $113.65, with its market capitalization falling from over $86.8 billion to $65 billion. So, will this crash continue further or rebound? Why Rocket Lab and other space stocks have… Continue reading Rocket Lab stock has crashed into a local bear market: will RKLB rebound?
Intuit stock is the worst performer in the Nasdaq 100 Index this year: buy the dip?
Intuit stock price has crashed this year and is now hovering at its lowest level since September 2020. INTU has plunged 62% from its July last year high, making it the top laggard in the Nasdaq 100 Index this year. Its market cap has slumped from over $215 billion to $83 billion today. Intuit stock… Continue reading Intuit stock is the worst performer in the Nasdaq 100 Index this year: buy the dip?
Here’s why Cardano price has crashed and erased $84 billion in value
Cardano (ADA) price has crashed deeper than other altcoins this year, and is now hovering near its all-time low. It was trading at $0.1660 on Tuesday, down sharply from the record high of $3. This retreat has erased over $84 billion in value as the market cap has dropped from over $90 billion to $6… Continue reading Here’s why Cardano price has crashed and erased $84 billion in value
Here’s why South Korea’s Kospi Index is rising today (June 9)
South Korea’s Kospi Index rose by over 4% on Tuesday, mirroring the resurgence of the US equities market. It rose to KRW 7,814, a few points above the Monday’s low of KRW 7,435 as technology stocks jumped and crude oil prices retreated. South Korean stocks jump as technology companies rose The Kospi Index suffered a… Continue reading Here’s why South Korea’s Kospi Index is rising today (June 9)