Analysts at Morgan Stanley just elevated Arm Holdings (NASDAQ: ARM) to their top large-cap pick, highlighting a strong belief in Arm’s growth prospects, particularly in mobile recovery and emerging edge AI opportunities. Morgan Stanley maintained an Overweight rating with a $175 price target, reflecting their confidence in Arm’s ability to…
Bitcoin and other cryptocurrencies suffered a harsh reversal on Wednesday as signs showed that Kamala Harris defeated Trump in the debate and as core inflation rose gradually. Bitcoin moved to a low of $55,900, down from this week’s high of $58,110. Bitcoin’s sell-off triggered more crash among other cryptocurrencies. Popcat…
Vale S.A. (NYSE: VALE) made headlines today by raising its full-year 2024 iron ore production forecast, reflecting its strategic efforts to navigate challenging market conditions. The Brazilian mining giant expects to produce between 323 million to 330 million metric tons of iron ore this year, up from its previous estimate…
Fox (FOX) stock price has pulled back in the past few days as US equities continue facing substantial headwinds ahead of the Federal Reserve’s first interest rate cut. The stock peaked at $38.55 earlier this month and has pulled back by 5.50% to $36.45. Tucker Carlson ouster One of the…
First Solar (FSLR) stock price went parabolic on Wednesday as investors cheered Kamala Harris’ performance on the debate stage. The stock soared by over 15%, its best single-day jump since May when it published encouraging financial results. It soared to a high of $240, 22% higher than its lowest point…
Japanese stocks experienced a notable rally on Wednesday, with the Nikkei 225 Stock Average climbing by over 3% as the yen’s recent strengthening trend eased. This pause in the yen’s upward movement provided a boost to exporters, particularly in the technology and automotive sectors. The Nikkei 225 surged by as…
Nvidia’s stock experienced a notable rise of 6% on Wednesday, contributing to a broader market rebound driven by technology shares. This uptick followed a Consumer Price Index (CPI) report that failed to generate significant enthusiasm for imminent interest rate cuts. The positive movement in Nvidia’s stock was sparked by CEO…
Enphase Energy (ENPH) stock price has moved sideways this year as concerns about the ongoing turnaround continued. The stock was trading at $110 on Wednesday, where it has been in the past few weeks. This price is about 67% below the highest point in 2022, giving it a market cap…
Rivian (RIVN) and Lucid Group (LCID) stock prices have staged a strong comeback in the past few months. Lucid has led this growth, rising by almost 50% in the last three months while Rivian has jumped by almost 20% in the same period. Tesla, the OG of the EV industry,…
Real estate companies are doing relatively well as many of them continue navigating the much-talked about wall of maturities well and as the Federal Reserve points to interest rate cuts. The Vanguard Real Estate ETF (VNQ) surged to a high of $97.2 on Wednesday, 42% above its lowest level in…