U.S. stocks briefly spooked on fake images of explosion near Pentagon

U.S. stocks were briefly spooked this morning following social media reports of an explosion near the Pentagon. Images have been confirmed to be fake Interestingly, the social platforms even flooded with images of the said explosion that resulted in a significant albeit not durable market sell-off. S&P 500 has now recovered and stabilised, though, since… Continue reading U.S. stocks briefly spooked on fake images of explosion near Pentagon

Tesla stock is ‘biggest beneficiary’ of artificial intelligence: Cathie Wood

Tesla Inc (NASDAQ: TSLA) opened in the green this morning after Cathie Wood said it was a top name for exposure to artificial intelligence. Wood’s bull case for Tesla stock In particular, the influential investor is convinced that autonomous vehicles will be transformative for the Austin-headquartered firm. We think Tesla Inc is the biggest AI… Continue reading Tesla stock is ‘biggest beneficiary’ of artificial intelligence: Cathie Wood

ZIM Integrated swings into a loss as demand eases: stock retreats

ZIM Integrated (NYSE: ZIM) results missed its revenue and profitability guidance as shipping rates continued weakening. The company also swung into a net loss in the first quarter of this year.  In a statement, ZIM Integrated’s revenue plunged by 68% from the same period in 2022. Its revenue dropped to $1.37 billion as its carried… Continue reading ZIM Integrated swings into a loss as demand eases: stock retreats

Canoo stock price forecast: don’t buy the dip as risks rise

The Canoo (NASDAQ: GOEV) stock price is hovering near the lowest level on record as concerns about the company’s future continue. The shares were trading at $0.6700 on Friday, a few points above the all-time low of $0.50. It has crashed by more than 97% from its highest point in December 2020. How long can… Continue reading Canoo stock price forecast: don’t buy the dip as risks rise

Medical Properties Trust (MPW) stock is cheap: Buy the 15% yield?

Medical Properties Trust (NYSE: MPW) stock price has been in a strong downward trend in the past few months as interest rates continue rising. The shares have crashed by 57.64% in the past 12 months and by 33.40% this year. This decline has seen its forward dividend yield jump to 15.10%. Rising interest rates Medical… Continue reading Medical Properties Trust (MPW) stock is cheap: Buy the 15% yield?

Tesco chairman to step down amidst claims of misconduct

John Allan – Chairman of Tesco PLC (LON: TSCO) will step down at the company’s annual meeting with the investors on June 16th, the supermarket chain confirmed on Friday. Allan denies claims of misconduct The announcement arrives only days after a report said four women have alleged Allan of inappropriate conduct. Allan has strongly denied… Continue reading Tesco chairman to step down amidst claims of misconduct