Caterpillar stock has pulled back substantially, moving from the year-to-date high of $1,073 to the current $809. It has dropped in the past six consecutive weeks, its longest streak in years. This article explores whether the CAT stock will continue its strong downtrend as its earnings loom.Caterpillar stock has dived…
Palantir stock price remained under pressure this week as traders waited for the second-quarter earnings. PLTR was trading at $122.26, down by over 40% from its highest point this year, erasing some of the gains it made last year. This retreat will be put to the test as it publishes…
The Bank of England kept interest rates unchanged on Thursday as policymakers weighed easing domestic inflation against renewed uncertainty created by the conflict in the Middle East, where higher energy prices threaten to reignite price pressures.The Monetary Policy Committee voted 6-3 to leave the benchmark Bank Rate at 3.75%, with…
The US economy expanded at a slower-than-expected pace in the second quarter while inflation remained well above the Federal Reserve’s target, underscoring the difficult balancing act facing policymakers after they opted to keep interest rates unchanged this week.Gross domestic product, the broadest measure of economic activity, rose at an annualized…
The Dow Jones Industrial Average has gained about 6.5% this year and remains close to its record high. However, the index has recently retreated to around 51,600, down more than 3.25% from its peak as investor sentiment has weakened, with the Fear and Greed Index slipping into the Fear zone. This…
Rocket Lab’s stock price has remained under intense pressure this week, falling to a key technical support level. After surging to a record high of $151 ahead of the SpaceX IPO, the stock has tumbled about 61% to around $58.60 as investors continue to take profits and reassess growth expectations. With…
Tilray Brands stock continued its strong downtrend and is hovering at its lowest level since June last year. TLRY has slumped by 57% this year, mirroring the performance of other cannabis stocks like Green Thumb Industries, Truelive Cannabis, and Curaleaf. So, is it safe to buy the Tilray stock dip?Why…
Tesla stock rose by over 3.5% on Thursday and continued those gains in the extended hours after details of the potential merger with SpaceX emerged. TSLA hit a high of $315, up modestly from this week’s low of $296. Still, the question is whether a Tesla and SpaceX merger would…
The FTSE 100 Index jumped to a record high this week as several important companies like IAG, NatWest, Lloyds, and Rolls-Royce published their financial reports and the Bank of England (BoE) delivered its interest rate decision. It soared to 10,976, up by 13.4% from its lowest level this year. This article…
The DAX Index jumped to a record high of €82,883 as several important German companies like BMW, Deutsche Bank, Mercedes-Benz, and BASF published mixed financial results and as investors rotated to non-AI firms. It has jumped by nearly 20% from its lowest level this year as focus now shifts to some…