Disney (DIS) has been a disaster. Over the last few weeks, the stock fell from about $125 to $91.80. But that’ll happen when a company misses on earnings and guidance, with streaming losses widening. In its fourth quarter, the company posted $20.2 billion in...
Investors may want to keep an eye on the biotech boom. For one, the sector is still one of the safest, most recession-proof investments around. Two, an aging population is demanding better treatment in an effort to live longer...
With markets overbought, keep an eye on the Volatility Index (VIX). For one, the Dow Jones, for example, is starting to fail at double top dating back to August. RSI, MACD, and Williams’ %R are all in overbought territory, as well. We’re also starting to see...
TJX Companies just hit an all-time high. However, don’t rush to buy it just yet. Sure, the stock ramped higher, with cash-strapped consumers turning to the discount store for affordable clothing and home items. The company’s net income came in at $1.06 billion, or 91...
Shares of Albemarle (ALB) were crushed. Intraday, the lithium stock broke below $300. All thanks to Goldman Sachs, which believes that lithium supply and demand will balance out quicker than expected. Goldman made a similar call earlier in the year, only...
by Ian Cooper Gold is regaining its shine. Now back up to $1,772.69, analysts say it could see $1,900 again soon. All thanks to a potential peak in the U.S. dollar, with a shift in interest rate expectations. “Right now, everything is coming together for gold,” said...
Oversold shares of Advanced Micro Devices (AMD) are on the run. From a current price of $74.74, we’d like to see the tech stock refill its bearish gap around $85 near-term. Then, by the first quarter of 2023, we’d like to see AMD at $110. Other analysts are just...
Investors may want to play close attention to Mobileye Global (MBLY). That’s because Intel CEO Pat Gelsinger has been buying heavily. In fact, on October 28, he picked up 120,000 shares for $2.5 million. Also, on October 28, MBLY CEO and President Amnon...
Inflation cooled in October. For October, consumer prices were up 0.4%, which was less than the expected print of 0.6%. Year over year, CPI was up 7.7%, which was also better than the expected 7.9%. Excluding volatile food and energy costs, so-called core CPI...
Cryptocurrencies could see further fallout. Bitcoin, for example, is back down to $16.168, and could fall even more. All on news Binance just backed out a deal to acquire FTX, leaving it on the brink of collapse. The news comes just a day after Binance said it...