Stock Research

Ares Capital stock: How safe is ARCC’s 10.5% dividend yield?

Ares Capital (NASDAQ: ARCC) stock price has recovered modestly from its lowest point in March. The stock ended the month at $18.28, ~7.4% above the lowest point in 2023. In all, ARCC has generated weak returns in the past few months after dropping by 20% from its highest point in 2022. It has still risen… Continue reading Ares Capital stock: How safe is ARCC’s 10.5% dividend yield?

Marks & Spencer share price crosses key level ahead of layoffs

Marks & Spencer (LON: MKS) share price has been in a strong recovery phase in 2023. The stock jumped to a high of 165.50p on Friday, the highest point since April 2022. This means that they are approaching their 52-week high. The shares have risen by 86% from their lowest level in 2022. Layoffs upcoming… Continue reading Marks & Spencer share price crosses key level ahead of layoffs

MULN stock price: Mullen Automotive faces more headwinds ahead

Mullen Automotive (NASDAQ: MULN) stock price has made a swift recovery in the past few days after the company made some encouraging announcements. The shares jumped to a high of $0.1575 on Friday, ~70% above the lowest level this year. Mullen Automotive short-squeeze The MULN stock price made a strong recovery after the company announced… Continue reading MULN stock price: Mullen Automotive faces more headwinds ahead

Hang Seng index chart analysis points to a 7% jump soon

The Hang Seng Index moved sideways on Monday morning as investors reacted to the latest OPEC+ decision to slash oil production. It also reacted to the relatively weak China manufacturing PMI data published by Caixin. It was trading at H$20,397, which was a few points below last week’s high of H$20,720. China manufacturing PMI  The… Continue reading Hang Seng index chart analysis points to a 7% jump soon

Euro zone inflation eased in March: three European stocks to buy

European stocks ended in the green today after the region’s statistical office said consumer prices eased significantly in March. Economist Allen-Reynolds reacts to today’s economic data On Friday, Eurostat confirmed that a meaningful decline in energy prices lowered headline inflation to 6.9% in March. In comparison, consumer prices were up a whopping 8.5% in February.… Continue reading Euro zone inflation eased in March: three European stocks to buy

Nikola shares down 15% on secondary stock offering: buy the dip?

Nikola Corp (NASDAQ: NKLA) is trading about 15% down this morning after the electric vehicles company sold its stock at a deep discount. Nikola sold its stock at a 20% discount On Friday, the Arizona-based company raised $100 million via a secondary stock offering that it plans on deploying as working capital. Nikola sold 90… Continue reading Nikola shares down 15% on secondary stock offering: buy the dip?

Biotech stock Pacific Biosciences could return 50% in 12 months: TD Cowen

Pacific Biosciences of California Inc (NASDAQ: PACB) is trading meaningfully up on Friday after a TD Cowen analyst turned super bullish on the biotechnology company. Pacific Biosciences stock has upside to $15 Dan Brennan now rates the said biotech stock at “outperform”. He raised his price objective on it to $15 today that suggests more… Continue reading Biotech stock Pacific Biosciences could return 50% in 12 months: TD Cowen

Core PCE rose again in February: time to sell semiconductor stocks?

S&P 500 is up another 1.0% on Friday after the U.S. Bureau of Economic Analysis said the core personal consumption expenditures price index climbed less than expected in February. What does the reading mean for the Fed? Versus the prior month, the Fed’s preferred inflation gauge was up 0.3% versus a 0.4% increase expected. Much… Continue reading Core PCE rose again in February: time to sell semiconductor stocks?