Author: Shanthi Rexaline
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Apple Shares Slide In Monday Premarket: What’s Souring Sentiment?
Shares of Apple, Inc. (NASDAQ:AAPL) moved sharply lower in premarket trading on Monday, with a slew of factors weighing down on them. Preorders for Appleās latest iPhone iterations began last Friday and an early tally by some analysts does not paint a positive picture. TFI Securities analyst Ming-Chi Kuo said in a social media post…
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This Tesla Bull Won’t ‘Blindly Change’ His Position And Resume Buying The Stock Despite Recent Upside: ‘We’d Wait Until Afterā¦’
Tesla Inc. (NASDAQ:TSLA) has been on an uninterrupted rally since June 25, gaining 35% in just seven sessions. Despite this, the recent surge has not evinced confidence in a fund manager who substantially trimmed his Tesla position in early 2024 amid the electric vehicle makerās fundamental woes. What Happened: Bombarded with questions from social media…
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Tesla Set To Breach $200 Mark As Stock Rises Premarket: What’s Powering The Rally
Shares of Tesla, Inc. (NASDAQ:TSLA) rose sharply in premarket trading on Monday and the upward move comes just ahead of the release of the companyās second-quarter deliveries report. The optimism is premised on faint hopes that Tesla can beat the lowered bar after analysts scrambled to take down their respective estimates in recent weeks. Also,…
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Time To Buy Small And Mid-Cap Stocks? Cathie Wood Sees Broadening Rally After Market Concentration Exceeds 1932 Great Depression Levels
The U.S. markets have been on a tear this year, carrying over the momentum from 2023, when the S&P 500 gained more than 24%. However, the peculiarity of the gains seen in the current bull cycle is the top-heaviness of the market. Ark Invest founder Cathie Wood weighed in on the pattern in the firmās…
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US Stocks Look Set To Start Week On Solid Note Despite Iran-Israel Conflict, Bitcoin Tops $66K: Why This Analyst Sees Another Tech Bull Run
U.S. stocks may shake off geopolitical concerns on Monday and aim for a rebound after a week of weakness, as traders eagerly anticipate the upcoming earnings season. Despite tensions betweenĀ Iran and Israel,Ā diplomatic efforts to ease the crisis seem to reassure the market, minimizing its impact. Following two consecutive weeks of decline, traders may seize the…
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US Stocks Set To Start Fresh Week On Positive Note As Traders Take Inflation Data In Their Stride: Analyst Explains Why Rally Will Likely Extend Through 2024
U.S. stock futures point to a higher opening on Monday as the market reopens after a long weekend. The price consumption expenditure index released Friday showed that the Federal Reserveās preferred inflation gauge rose in line with expectations. Although Fed Chair Powell said on Friday that the central bank wasnāt in a hurry to cut…
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US Stock Futures Stall As Traders Await Fed Chair Powell’s Decision; Analyst Sees S&P 500 Showing ‘Signs Of Near-Term Top’
Investors remain cautious ahead of theĀ Federal ReserveāsĀ interest rate decision, with stock futures on Wednesday hinting at a lower opening. Trading is expected to be subdued, mirroring the historical pattern on Fed decision days. Stocks may stagnate until the announcement is released. If the Fedās economic projections (dot plot) align with market expectations, a buying spree…
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US Stock Futures Indicate Flat Open After Mini-Relief Rally; Bitcoin Goes Past $73K While Gold Dulls: Analyst Stresses Need For Robust Earnings
After Tuesdayās relief rally that came after investors digested February inflation data, the mood has reverted to caution on Wall Street. Stock futures point to a flattish open on Wednesday. The absence of any major catalysts could increase indecision although traders may look forward to the reception to the 30-year bond auction, given the slight…