Stock Research

Shares of Tilray Inc (NASDAQ: TLRY) is trading down in extended hours after the cannabis company said it swung to a loss in its third financial quarter. Tilray Q3 financial highlights Lost $1.20 billion that translates to $1.90 per share That compares to $52.5 million profit a year ago Revenue slipped 4.1% year-on-year to $145.6… Continue reading Tilray is buying HEXO Corp despite Q3 loss

Silver (XAG/USD) price has been in a strong bullish trend in the past few weeks as the US dollar index (DXY) slips and gold nears its all-time high. The metal was trading at $24.70, which was ~24% above the lowest level in March. As a result, the iShares Silver Trust (SLV) stock has also jumped… Continue reading SLV ETF stock price forecast as silver price rally hits resistance

Shares of NetApp Inc (NASDAQ: NTAP) haven’t done all that well over the past two months but a Stifel analyst is convinced that it’ll be a different story moving forward. NetApp stock could climb to $75 a share On Monday, Matthew Sheerin upgraded the cloud stock to “buy” and said its shares could climb to… Continue reading Cloud stock NetApp could gain 20% from here: Stifel

The price of CryptoGPT jumped more than 12% on Monday, hitting highs of $0.075. The uptick in the value of the native GPT token came as the market reacted to the latest crypto news for the artificial intelligence related cryptocurrency. At the time of writing, the price of GPT was around $0.073, still up roughly… Continue reading CryptoGPT price up 12% as AI platform secures $10M funding and Bithumb lists GPT

Tesla Inc (NASDAQ: TSLA) is in focus on Monday after announcing plans of setting up a battery factory in Shanghai, China. Timeline for the new megapack factory The said facility will boost the company’s production capacity by 10,000 megapacks per year. In 2022, Tesla generated about $10 billion worth of non-automotive sales (up 52% YoY)… Continue reading Tesla to set up a battery factory in China: a reason to buy the stock?

Pioneer Natural Resources Co (NYSE: PXD) jumped 12% this morning following a report that Exxon Mobil Corp (NYSE: XOM) may be interested in buying the hydrocarbon exploration company. Here’s what we know so far According to the Wall Street Journal, Exxon has held informal talks with the Texas-based firm over a possible acquisition. It’s been… Continue reading Is Exxon buying Pioneer Natural Resources?

Nio (NYSE: NIO) stock price has been under pressure in the past few months as concerns about the electric vehicle (EV) industry remain. The shares were trading at $9.03, which is a few points above the year-to-date low of $8.33. This price is ~86% below the highest level in 2021, giving it a market cap… Continue reading Nio stock price forecast: brace for impact as headwinds rise

Safe Bulkers (NYSE: SB) stock price has done well in 2023 even as the shipping industry goes through a difficult period as prices drop. The stock has jumped by more than 25% this year and is hovering near the highest point since August last year. It has also jumped by over 55% from its lowest… Continue reading Safe Bulkers stock recovery stalls as commodity prices sink

The situation in the banking sector has cooled down recently as the situation improves and collateralized debt obligations (CDOs) have normalized. Bank stocks, however, remain under pressure in the past few weeks. The closely-watched KBW ETF was trading at $41.26, the lowest level since November 2 while the KRE ETF was $42.31. Bank earnings ahead… Continue reading KBW, KRE ETFs analysis ahead of US bank earnings