Stock Research

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

The Nasdaq 100 index futures are loitering near their highest levels this year ahead of an important week for the market. The index jumped to a high of $13,000, where it has been in the past few days. This price is ~22% above the lowest level this year, meaning that it has moved to a… Continue reading Nasdaq 100 index outlook ahead of US inflation data, bank earnings

The Nikkei 225 index drifted downwards on Monday as investors reacted to the latest Japan local elections and the important change at the Bank of Japan (BoJ). The index, which tracks the biggest Japanese companies, was trading at ¥27,635, which was a few points above last week’s low of ¥27,440. Japan local elections, changes at… Continue reading Nikkei 225 technical analysis points to a drop to ¥27,000

Shares of Bed Bath & Beyond Inc (NASDAQ: BBBY) ended another 10% down on Thursday after the beleaguered retailer announced plans of a reverse stock split. Shareholders are yet to approve the reverse stock split The chain of retail stores wants its shareholders to vote in favour of the reverse stock split at the meeting… Continue reading Bed Bath & Beyond stock ended another 10% down: find out why