Rivian stock price is stuck in a technical bear market after falling from last December’s high of $22.7 to the current $15.20. It retreated after the company shared details of the upcoming R2 vehicle, with its short interest continuing to rise. So, will the stock rebound or continue the downward…
The US-Iran conflict has entered its 14th day on Friday, March 13th, and with no clear end in sight, the investors have started hunting for hedges to recover their losses.Currently, no strategy seems to be working as stocks are falling, bonds have weakened, and with the dollar, oil, and gold…
The Pacer US Cash Cows ETF (COWZ) has pulled back in this month, erasing some of the gains made earlier this year. It dropped to $62.45 on Thursday, down slightly from the year-to-date high of $64. Still, there are a few reasons to be optimistic that it will rebound.COWZ ETF…
Shares of Nvidia have cooled in the past few months after years of extraordinary gains.The stock was trading lower at the time of writing after opening higher earlier in the session.Broader US indices were also on the red on Friday as investors monitored developments related to the war involving Iran.The…
Tesla stock (NASDAQ: TSLA) is trading 0.5% down on Friday amid broader volatility in equities owing to the uncertainties around the US-Iran conflict.But the weakness in Tesla stock came as investors weighed developments that could keep the buy-the-dip case alive.Tesla has been volatile from the previous few sessions as the…
Ulta Beauty (NASDAQ: ULTA) is being punished this morning after the cosmetics retailer posted a profit miss and issued “conservative” guidance for the full year.Investors bailed on ULTA also because its operating margin contracted by a significant 220 bps in the fourth quarter.Still, there’s reason to believe that Ulta Beauty…
Advanced Micro Devices (NASDAQ: AMD) plunged by nearly 2% in Friday afternoon trading, extending a shaky stretch for semiconductor names amid a cautious sentiment.Even though the broader indices remained steady today, the investors are weighing oil prices, geopolitical tension and renewed concerns about AI chip exports.Friday’s pullback in AMD stock…
BigBear.ai Holdings (NYSE: BBAI) stock plunged nearly 3% on Friday and is trading around $3.95 at press time.The stock sliced through its intraday support at $4.00, on blistering volume that dwarfed its three-month average by nearly 70%.The drop left shares nursing losses from a brief post-earnings surge earlier this week,…
US stocks closed red on Friday, despite showing some recovery and optimism after the opening bell.The benchmark S&P 500 index slipped 0.61%, leaving it about 5% below its most recent peak.Meanwhile, the Nasdaq Composite fell 0.93%, and the Dow Jones Industrial Average dropped 119 points, or 0.25%.Rising oil prices tied…
Microsoft’s quality rating reached a new high this week, even as the stock’s price momentum remains weak.At the same time, the company is moving to secure major artificial intelligence infrastructure in Abilene, Texas, as part of a broader effort to expand Azure AI capacity.The quality score rose week over week…