Stock Research

There’s reason to believe that the S&P 500 can push up further this month, says Brad McMillan. He’s the Chief Investment Officer for Commonwealth Financial Network. Why is McMillan positive on U.S. stocks? McMillan remains constructive primarily because the ever-so talked about earnings recession has not materialised so far. On top of that, he doesn’t… Continue reading McMillan on U.S. stocks: ‘markets may have some cushion this month’

DRDGOLD Ltd (NYSE: DRD) is in focus a day after reporting a 4.0% sequential increase in gold production for its fiscal third quarter. DRDGOLD stock should be worth $15 Reacting to its earnings print, an H.C. Wainwright analyst reiterated his “buy” rating on the South African company. Heiko Ihle sees upside in DRDGOLD stock to… Continue reading DRDGOLD stock still has another 10% upside from here, analyst says

Saudi Arabian Oil Co (SAU: 2222) is trading up today even after reporting a hit to its profit in the first quarter. Why is Saudi Aramco stock up today? What’s more important to investors, it seems, is that the world’s largest oil and gas company, nonetheless, reported net income that topped expectations. Saudi Aramco earned… Continue reading Saudi Aramco stock unbothered despite a hit to profit in Q1

Shares of Skyworks Solutions Inc (NASDAQ: SWKS) are down 5.0% this morning after the chipmaker disappointed in terms of guidance for its current financial quarter. BMO downgraded Skyworks stock today The semiconductor stock is weighed also because a BMO Capital Markets analyst downgraded it to “market perform” on Tuesday. Ambrish Srivastava turned dovish as he… Continue reading Should you buy Skyworks stock on the post-earnings dip?

US stocks have been in consolidation mode lately. By lately, one should think of several months, as, for instance, the Dow Jones trades around the same levels as it did in November 2022. Plenty of things happened in the last five months, yet stocks do nothing. As it turns out, investors, especially retail ones, are… Continue reading 3 weeks away from a possible default, should you buy or sell US stocks?

Fisker Inc (NYSE: FSR) opened about 15% down on Tuesday after reporting a wider than expected loss for its first financial quarter. Fisker stock down on production guidance The EV stock is under pressure because the management lowered production guidance as well. Fisker now expects to make between 32,000 and 36,000 vehicles this year. In… Continue reading EV stock Fisker opened 15% down on Tuesday: what happened?

Rivian (NASDAQ: RIVN) stock price has drifted upwards in the past few days as investors wait for the upcoming earnings. The shares jumped to a high of $13.87, which was a few points above the year-to-date low of $12. So, is Rivian shares good buys ahead of earnings? Rivian earnings preview Rivian, the Amazon-backed electric… Continue reading Rivian stock price forecast: Buy or sell ahead of earnings?

Shares of PayPal Holdings Inc (NASDAQ: PYPL) are trading down in extended hours even though the digital payments company reported market-beating results for its fiscal first quarter. Is it an opportunity to buy PayPal stock? The price action is all the more intriguing considering executives raised guidance as well. PayPal now sees high-single-digit growth in… Continue reading PayPal Q1 earnings: ‘we own it because it’s cheap’

Lucid Group Inc (NASDAQ: LCID) lost nearly 10% in extended hours on Monday after reporting a disappointing first quarter. Lucid shares down on vague outlook The EV stock is being hit also because the management turned a bit vague in terms of production outlook. Lucid now expects to make more than 10,000 vehicles this year.… Continue reading Lucid shares sink 10% on Q1 results: ‘LCID is a zombie stock’