Stock Research

The GDX ETF stock is doing well as gold prices approach their all-time high and as investors slowly embrace a risk-on sentiment. The VanEck Gold Miners ETF jumped to a high of $35.21, the highest level since May 2022, meaning that it has jumped by over 60% from the lowest level in 2022. Transition to… Continue reading GDX ETF stock price steadies as gold price target lifted to $2,730

The SPY ETF stock has done modestly well in the past few weeks as concerns about the banking sector ease. The SPDR S&P 500 Fund rose to a high of $409.72, the highest point since February this year. But these gains could all come crashing down soon, according to analysts at Wells Fargo.  Brace for… Continue reading SPY ETF stock nears key price as Wells Fargo warns of a 10% meltdown

BP plc (LON: BP) ended in the green today after announcing an agreement with Harbour Energy PLC (LON: HBR) to develop the Viking CCS transportation and storage project. Here’s what the press release tells us On Tuesday, the oil and gas behemoth took a 40% stake (non-operating) in the carbon capture and storage project. The… Continue reading Harbour Energy partners with BP plc on the Viking CCS project

LendingClub Corp (NYSE: LC) will offer lucrative returns if the U.S. economy avoids a severe recession, says Reginald Smith. He’s an Analyst at JPMorgan Chase & Co. LendingClub shares have upside to $11 On Tuesday, Smith assumed coverage of the financial services company with an “overweight” rating. He sees upside in its shares to $11… Continue reading LendingClub shares could gain 55% if we avoid a severe recession

SOL, the native token of Solana, has seen double digit gains in the past 24 hours as bulls turn up ahead of the highly anticipated Solana Mobile Saga launch. On Tuesday, as Bitcoin price broke above $30,000 for the first time in 10 months, Solana matched the upside pressure with an upswing of its own.… Continue reading SOL price soars 14% ahead of Solana’s Saga mobile launch event

“IMF” – the International Monetary Fund says global economic growth will remain around 3.0% over the next five years – its weakest forecast for the medium term since 1990.   Why does IMF see weaker growth ahead The institution expects factors that weighed on global economy last year to persist moving forward. In its biannual… Continue reading IMF World Economic Outlook 2023: weakest growth ahead since 1990

Shares of Moderna Inc (NASDAQ: MRNA) are trading down on Tuesday after the biotechnology company said it did not have enough data to declare “early success” for its Influenza vaccine. Reason for the delay “DSMB” – the Data and Safety Monitoring Board has recommended that Moderna continues testing as its recent late-stage trial for mRNA-1010… Continue reading Moderna withholds declaring ‘early success’ for its Influenza vaccine

CleanSpark Inc. (NASDAQ: CLSK), one of the largest Bitcoin mining companies in the world, has announced the purchase of an additional 45,000 Antminer S19 XP mining machines. The Bitcoin miner bought the new machines for a total of $144.9 million, according to details shared in a news release on Tuesday. CleanSpark shares traded higher following… Continue reading CleanSpark shares jump 10% as firm announces purchase of 45,000 bitcoin miners

CarMax Inc (NYSE: KMX) opened about 10% up this morning after reporting profit for its fourth financial quarter that topped Street expectations by a massive margin. CarMax shares up on robust margins The Richmond-headquartered firm recorded a 21.1% decline in used vehicles sales and 41.6% in wholesale vehicles sales. Still, CEO Bill Nash said in… Continue reading CarMax share price is up 10% on Tuesday: find out why