Market News

The Hang Seng Index staged a cautious recovery this week as the United States and Iran announced a ceasefire that reduced the ongoing tensions. It formed a gap up to $25,887, its highest point since March 18 and 6.8% above the lowest level in March. Hang Seng Index rises as geopolitical tensions ease Hong Kong… Continue reading Hang Seng Index at risk as US-Iran ceasefire risks remain

Microsoft stock has crashed into a technical bear market after plunging from $550 to the current $372. This retreat has coincided with the ongoing sell-off in software stocks and as concerns about its massive capital expenditure continues. So, will the stock rebound now that it has become a bargain? Microsoft stock has plunged amid AI… Continue reading Cheap Microsoft stock could drop further before recovery

Boeing stock price has rebounded in the past few weeks, moving from a low of $187 to $210. This trend may continue as the company faces some major catalysts, including potential orders from Iran and China.  Potential orders from Iran and China  Boeing stock may become a major beneficiary of the potential deal between the… Continue reading Boeing stock price may have a China and Iran catalyst soon

Avis Budget’s stock price has gone through a short squeeze recently, making it one of the top gainers on Wall Street. It has jumped in the last five consecutive days and moved to its highest point since April 2022. Avis Budget stock chart | Source: TradingView Avis Budget stock has experienced a short squeeze  The… Continue reading Avis Budget rally echoes Opendoor, GoPro surges — caution ahead

Japanese stocks and the yen surged on Wednesday as investors cheered the temporary ceasefire between the United States and Iran. The USD/JPY pair fell to 158.45, its lowest level since March 24, while the blue-chip Nikkei 225 Index jumped by over 5% to ¥56,000. Japanese yen and stocks to benefit from US-Iran ceasefire The Nikkei… Continue reading What next for the soaring Nikkei 225 Index and the falling USD/JPY?

Plug Power stock price has done well in the past few months, helped by its improving financial results and recent deal from Canada. The stock jumped to $2.70 on Monday, its highest point since November last year. This retreat happened even as the broader stock market pulled back, with the Dow Jones moving into a… Continue reading Plug Power stock could go parabolic despite the rising short interest

The Virgin Galactic stock price has rebounded this week and is hovering at its highest point since January 28. It has soared by 45% from its lowest point this year, bringing the market capitalisation to $250 million. Top reasons why the Virgin Galactic stock has soared  The SPCE stock has soared in the past few… Continue reading Virgin Galactic stock is soaring: is this a dead-cat bounce or start of a rally?

Broadcom stock price has crashed into a technical bear market after falling by over 24% from its highest point in December last year. AVGO dropped to 314, with its market capitalisation dropping from over $1.9 trillion to $1.5 trillion. So, will the new deal with Anthropic fuel its comeback? Broadcom inks major deal with Anthropic … Continue reading Broadcom stock price bullish flag points to more gains after the Anthropic deal

Tesco share has done modestly well in the past few weeks and is hovering near its all-time high as traders wait for the upcoming financial results. It was trading at 487p on Tuesday, down slightly from the all-time high of 510p. Tesco to publish its earnings on Thursday next week  TSCO, the biggest retailer in… Continue reading Tesco share price analysis ahead of earnings: buy or sell?