Stock Research

European stocks climb as French no-confidence vote looms; Indian PSU banks lead gains

European markets edged higher on Wednesday as investors navigated political uncertainty in France ahead of a crucial no-confidence vote in its parliament. Meanwhile, Indian markets saw strong performance in public sector banks, with financial stocks rallying on expectations of policy easing by the Reserve Bank of India (RBI). The French CAC 40 index rose 0.3%… Continue reading European stocks climb as French no-confidence vote looms; Indian PSU banks lead gains

South Korea’s political turbulence shakes markets but democracy endures

South Korea experienced an unexpected political upheaval as President Yoon Suk Yeol declared martial law in the middle of the night, a dramatic move that was swiftly counteracted by the National Assembly. The situation, which unfolded over just six hours, drew global attention and tested the resilience of South Korea’s democracy. Despite the tension, the… Continue reading South Korea’s political turbulence shakes markets but democracy endures

Dow, S&P, Nasdaq hit record highs ahead of Fed decision; Lyft surges 28%, DJT gives up gains

US equity benchmarks rose slightly on Thursday ahead of the outcome of the US Federal Reserve’s policy meeting later in the day.  Benchmark averages extended gains from Wednesday and hit new record highs after Donald Trump won the 2024 US presidential elections.  At the time of writing, the S&P 500 index rose 0.5%, while the… Continue reading Dow, S&P, Nasdaq hit record highs ahead of Fed decision; Lyft surges 28%, DJT gives up gains

Why ON Semiconductor is a strong buy despite recent market challenges

ON Semiconductor, the $31 billion chip manufacturer based in Scottsdale, Arizona, has faced significant challenges lately. Despite the broader market momentum, with the S&P 500 index climbing 29% from July 2023, ON Semi’s stock has plummeted 31%, reaching $72 from its record high. The chipmaker’s primary customers, auto manufacturers, and industrial firms, have struggled amid… Continue reading Why ON Semiconductor is a strong buy despite recent market challenges

Nissan to cut 9,000 jobs, slash profit forecast by 70% amid tough market conditions

Japan’s Nissan Motor has announced a series of aggressive cost-cutting measures, including laying off 9,000 employees and reducing its global production capacity by 20%. This marks the second time this year that the automaker has revised its profit outlook downwards as it contends with slowing demand, particularly in key markets like China. The company’s revised… Continue reading Nissan to cut 9,000 jobs, slash profit forecast by 70% amid tough market conditions