The US dollar index retreated this week as the recent tariff fears waned. The DXY index dropped to a low of $107.75, down by 2.20% from its highest point this year as focus shifted to the upcoming non-farm payroll (NFP) data. So, is the US dollar index a good asset…
Optimism (OP) displays significant bearishness after losing 25% and nearly 50% in the past week and month. Furthermore, the charts show OP has formed a head-and-shoulder formation, hinting at impending downward continuation. OP forms a head-and-shoulders pattern Optimism’s price performance demonstrates bear dominance, and the emerging head-and-shoulders formation affirms this…
Cathie Wood stocks have done well in the past few months, with the ARK Innovation ETF (ARKK) soaring by 72% to $64. It has risen by 40% in the last 12 months compared to the Nasdaq 100 index that has risen by 24%. The fund is also up by 12%…
The Schwab US Dividend Equity ETF (SCHD) is hovering near its all-time high as the earnings season takes shape. SCHD was trading at $27.95 on Thursday, a few points below its all-time high of $29.45. It has jumped by over 12% in the last 12 months. This article explores the…
EVgo stock price has imploded in the past few months, erasing some of the gains made late last year. It crashed to a low of $3.50 on Tuesday, down by almost 62% from its highest level in 2024, bringing its market cap to over $1 billion. This article explains why…
Advanced Micro Devices Inc (NASDAQ: AMD) is taking a hit in after-hours on Tuesday despite reporting market-beating financial results for its fiscal fourth quarter. Investors are responding primarily to a 69% year-on-year increase in the company’s data centre sales to $3.86 billion, which fell short of $4.14 billion that analysts…
Plug Power stock price has crashed and is hovering near its all-time low as most new energy companies came under intense pressure. PLUG has dropped by over 8% this year and 58% in the last 12 months, bringing its market cap to over $1.69 billion. So, is it safe to…
Shares of Honda and Nissan climbed on Wednesday following a report that the Japanese automakers were considering calling off their high-profile merger discussions. The Asahi Shimbun newspaper, citing sources, said the boards of both companies were preparing to formally terminate negotiations, which had been in progress since last year. Following…
American stocks have a long history of doing well, with the Dow Jones, Nasdaq 100, and S&P 500 indices nearing their all-time highs. This growth has made some companies highly expensive, with the Berkshire Hathaway stock soaring to over $700k. Therefore, investing in cheaper companies with huge growth potential may…
Shares of Novo Nordisk climbed 4.5% on Wednesday after the Danish pharmaceutical giant reported a stronger-than-expected fourth-quarter net profit, driven by soaring demand for its obesity treatment, Wegovy. However, the company warned that sales growth could slow in 2025 as competition intensifies in the weight-loss drug market. Net profit for…