Stock Research

Shares of ASOS plc (LON: ASC) tanked more than 20% on Wednesday after the online fashion retailer reported disappointing results for its fiscal first half. ASOS stock down on widened loss The British company cited exceptional costs attributed to its right-sizing plan and reported a hit to revenue and widened loss for H1 today. Still,… Continue reading What made U.K. online fashion retailer ASOS stock tank 20% today?

S&P 500 opened up this morning after the Bureau of Labour Statistics reported inflation to have eased further in April. Quincy Krosby reacts to the CPI report today Versus a year ago, consumer prices were up 4.9% last month – 0.1% less than the Dow Jones estimate. Reacting to the CPI print, Quincy Krosby –… Continue reading U.S. CPI print today makes Amazon stock more attractive: here’s why

Russel 2000 index futures jumped by more than 1.18% on Wednesday after the US consumer inflation data. The index, which tracks small-cap companies in the US, jumped by more than 1.56%, beating those tied to the Dow Jones and Nasdaq 100 indices. US inflation data Economic data by the statistics agency showed that the headline… Continue reading Russell 2000 outperforms after the encouraging US inflation data

The Lloyds (LON: LLOY) share price pulled back to a low of 46.15p ahead of the upcoming interest rate decision by the Bank of England (BoE). Shares of the biggest British bank have dropped by more than 12% from the highest point this year. Other British banks like Barclays, HSBC, and Standard Chartered have also… Continue reading Lloyds share price hangs tight ahead of BoE 12th rate hike

Ryanair (NASDAQ:RYAAY) share price has been one of the best-performing airline stocks in 2023 as the aviation sector rebounded. The stock jumped to a high of $98.83 on Tuesday after the company announced a big Boeing order. It has soared by more than 76% from the lowest level in 2022. Ryanair’s large Boeing order The… Continue reading Ryanair share price stays calm at a key level ahead of May 22

PayPal (NASDAQ: PYPL) and Upstart (NASDAQ: UPST) stock prices diverged after they published their earnings this week. Upstart shares jumped by 40% in extended hours to $19.66 while PayPal stock crashed by more than 12% on Tuesday. Which is a better buy between Upstart and PayPal? PayPal and Upstart earnings download Upstart and PayPal are… Continue reading PayPal and Upstart stock prices diverged after earnings: better buy?

Shares of Rivian Automotive Inc (NASDAQ: RIVN) are trading up in extended hours after the EV company reported a narrower than expected loss for its fiscal first quarter. Rivian stock up on production guidance The EV stock is being rewarded also because unlike peers (Lucid and Fisker), Rivian did not trim its production guidance for… Continue reading Rivian stock price forecast after Q1 earnings report

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