Welcome to the News section where you can find all the latest articles and updates.
* Sony operates across various sectors, including gaming, music, electronics, and entertainment. * The company announced earnings per share of 40 cents versus forecasts for a profit of 30 cents. * Sony also raised its annual earnings forecast which reflects their confidence in sustained momentum across these key business segments. Shares of Sony Group (SONY) […]
Demand in nuclear power is not going to slow anytime soon, given the growth in AI data centers and bitcoin mining operations. Technological advancements in nuclear power could revolutionize the industry such as innovations like Small Modular Reactors (SMRs) and advanced reactor designs. Nuclear energy is considered a low-carbon option, making it a key player […]
The tariff war starts in February with initial estimates ranging from 10%-25%. Companies in the defense and aerospace sectors and Raw Materials and Commodities Producers could benefit. The logistics and shipping industries could be impacted, but companies that offer domestic transportation solutions might benefit from increased demand for goods. It’s no secret President Trump plans […]
For investors that missed Nvidia’s (NVDA) incredible triple-digit return of 145% in 2024 and the stock’s five-year return of over 2,000%, many feel as though they may have missed the artificial intelligence (AI) boom. The good news is that the AI revolution spans several sectors, from cloud computing and semiconductor manufacturing to software development and […]
The Federal Reserve made their first rate cut in over two years last September and the hope is that more are coming in 2025. If so, it will likely lead to a favorable environment for certain sectors and stocks. Lower interest rates generally reduce borrowing costs, stimulate consumer spending, and can lead to higher valuations […]
Here are some reasons it may have gapped up: 1) Positive Clinical Trial Results: RGTI announced positive results from a Phase 3 clinical trial for its experimental drug for treating a rare genetic disease. 2) FDA Approval: The company received FDA approval for a new indication for one of its existing drugs, expanding its market […]
Here are some reasons it may have gapped Down: 1) Weak Earnings Forecast: NVDA’s preliminary Q3 2024 earnings report released after the market closed on December 8th indicated a slowdown in revenue growth and lower-than-expected margins. 2) Declining Demand for Gaming GPUs: With the release of next-generation consoles from Sony and Microsoft, demand for high-end […]
Here are some reasons it may have gapped up: 1) Positive Analyst Coverage: Several analysts have upgraded their ratings on LCID in recent days, citing the company’s strong execution and growth potential. 2) Production Ramp-Up: LCID announced that it is ramping up production of its Lucid Air electric vehicle, which could lead to increased revenue […]
Here are some reasons it may have gapped down: 1) Negative Sector News: The cryptocurrency sector, which RIOT operates within, experienced a decline in the prices of major cryptocurrencies, including Bitcoin and Ethereum. 2) Profit-taking: RIOT has experienced a significant run-up in share price over the past month, and some investors may have chosen to […]
We have been profiling Fastly (FSLY) since early November and said continued closes above $9.50 could lead to a gap up towards $12.50. This level served as solid support throughout April before a 32% plunge to below $9 in early May following earnings. The company reported a seven-cent loss but better than forecasts, along with […]
The stock market tagged intraday record highs again on Friday while settling mostly higher on the session. The blue chips lagged while the small-caps were down for the week as volatility remained subdued heading into the final few weeks of the year. The Nasdaq closed at 19,859 (+0.8%) after tagging a record high of 19,863. […]
The stock market closed higher during Friday’s shortened session after setting record highs throughout the week while taking Thursday off for the holiday. The bulls wrapped up a solid month after holding key support as volatility once again closed right at a key level of support. The Nasdaq tagged a high of 19,245 before ending […]
The stock market made higher weekly highs on Friday after holding key support levels throughout the week. The technical outlook also improved as the major indexes are once again looking at making another round of fresh all-time highs. The Nasdaq ended at 19,003 (+0.2%) after tagging a late day high of 19,025. Key resistance at […]
Here are some reasons it may have gapped up: 1) Positive Analyst Coverage: Several analysts have upgraded their ratings on SMCI in recent days, citing the company’s strong financial performance and growth prospects. 2) New Product Launch: SMCI announced the launch of a new line of high-performance servers, which has been well-received by customers. 3) […]
Here are some reasons it may have gapped down: 1) Disappointing Revenue: MARA reported revenue of $22.4 million in its Q3 2024 earnings report, missing analysts’ estimates of $24 million. 2) Lower Bitcoin Production: The company’s bitcoin production fell by 10% in Q3 2024 compared to Q2 2024, contributing to the revenue shortfall. 3) Increased […]
Here are some reasons it may have gapped up: 1) Positive Analyst Coverage: Several analysts have upgraded their ratings on TSLA in recent days, citing the company’s strong earnings and growth prospects. 2) Cybertruck Production Update: Tesla announced that it is on track to begin production of its highly anticipated Cybertruck in December 2024. 3) […]
Here are some reasons it may have gapped down: 1) Profit Warning: IONQ issued a profit warning yesterday, November 17th, after the market close, stating that it expects to miss Q3 revenue estimates. 2) Technical Sell Signal: The stock has broken below its 50-day moving average and is approaching its 200-day moving average, triggering a […]
Once again, the action on the Volatility Index (VIX) was money after the close below 20 AND 17.50 on Wednesday. The prior Thursday, Friday, and Monday peaks failed to clear 24 which would have been a bearish signal ahead of the election. Tuesday’s low on the VIX was at 20.20 and basically a half-point close […]
Tuesday October 22nd, 2024 Wall Street showed ongoing strength to close out the week with Friday’s gains being fueled by solid earnings from the Financial sector. The news helped the bulls extended their weekly win streak to five with another round of fresh highs for the broader market and the blue-chips. The Nasdaq made a […]
Here are some reasons it may have gapped up: 1) Positive Analyst Coverage: Several analysts have upgraded their ratings on LUMN in recent days, citing the company’s strong financial performance and growth prospects. 2) New Contract Wins: LUMN has announced several new contract wins in recent weeks, including a major deal with a Fortune 500 […]
Here are some reasons it may have gapped down: 1) Weak Q3 Earnings Report: NIO released its Q3 2024 financial results after the market closed on Oct 20th, missing analysts’ estimates for revenue and earnings per share. 2) Production Issues: NIO has been facing production disruptions due to supply chain constraints, which could impact future […]
Here are some reasons it may have gapped up: 1) Positive Analyst Coverage: Several analysts have recently upgraded their ratings on OKLO, citing the company’s strong growth prospects and technological advancements. 2) New Contract Announcement: OKLO announced a new contract with a major utility company to provide its advanced nuclear reactor technology, which could drive […]
Here are some reasons it may have gapped down: 1) Earnings Miss: IREN reported earnings per share of €0.26 for the third quarter of 2024, missing analysts’ consensus estimate of €0.29. 2) Lowered Guidance: The company also lowered its guidance for the full year 2024, citing rising energy costs and supply chain disruptions. 3) Sector […]
10/09/2024 Commentary The market was higher on Wednesday despite news the US Justice Department is looking into a break up of Google and its domination in the search engine market. Shares of Alphabet (GOOG) slipped 1% but had little effect on Tech stocks as the broader market traded to a fresh record high. The Nasdaq closed at 18,291 (+0.6%) with the intraday […]
Here are some reasons it may have gapped up: 1) Positive Earnings Report: ALTM beat analysts’ earnings estimates in its Q3 2024 report, released after the market closed on October 8th. 2) Increased Production: The company reported a 5% increase in oil and gas production in Q3 2024 compared to Q3 2023. 3) Acquisition News: […]
Here are some reasons it may have gapped down: 1) Wider-than-expected loss per share in Q3 earnings reported after the market closed on Friday, October 7th. 2) Announcement by competitor BYD of new electric vehicle models with more advanced technology and competitive pricing. 3) Ongoing concerns about the Chinese economy and its impact on consumer […]
Here are some reasons it may have gapped up: 1) Positive Earnings Report: NCLH reported strong Q3 2024 earnings, beating analysts’ estimates on both revenue and earnings per share. 2) Increased Bookings: The company reported a surge in bookings for future cruises, driven by pent-up demand for travel and the easing of COVID-19 restrictions. 3) […]
Here is a summary of why this stock may have gapped down: 1) Weak Q3 Earnings Report: TIGR reported disappointing financial results in its Q3 2024 earnings report, released after the market closed on Oct 8th. The company missed analysts’ estimates for revenue and earnings per share. 2) Increased Competition: Growing competition from local Chinese […]
Here are some reasons it may have gapped up: 1) Positive Earnings Report: ALAB beat analysts’ earnings estimates in its Q3 2024 report, released after the market closed on October 8th. 2) Increased Customer Demand: The company reported a rise in electricity demand from both residential and commercial customers in recent months. 3) Regulatory Approval: […]
Here are some reasons it may have gapped up: Positive Analyst Coverage: Several analysts have upgraded their ratings on WULF in recent days, citing the company’s strong financial performance and growth prospects. New Contract Announcement: WULF announced a new contract with a major energy company, which is expected to significantly increase its revenue and earnings. […]
9/23/2024 8:00am (EST) Commentary The market was mostly lower on Friday following Thursday’s delayed rally from the half-point rate cut by the Fed. The breakout to all-time highs was an ongoing bullish development and comes ahead of the upcoming third-quarter earnings season. The Nasdaq traded down to 17,835 while settling at 17,948 (-0.4%). Fresh support […]
Here are some reasons it may have gapped up: 1) Positive Analyst Coverage: Several analysts have upgraded their ratings on RIG in recent days, citing the company’s strong financial performance and positive outlook for the offshore drilling industry. 2) Increased Oil Prices: The price of oil has been rising in recent weeks, which is benefiting […]
Here are some reasons it may have gapped down: 1) Disappointing Financial Results: TELL reported a wider-than-expected loss in its Q2 2024 financial results, released after the market closed on Sep 10th. 2) Production Delays: The company announced a delay in the start-up of its Driftwood LNG export facility, pushing back the expected production timeline. […]
Here are some reasons it may have gapped up: 1) Positive Analyst Coverage: Several analysts have upgraded their ratings on PLUG in recent days, citing the company’s strong growth prospects in the hydrogen fuel cell market. 2) Hydrogen Economy Momentum: The Biden administration has announced plans to invest heavily in the development of a hydrogen […]
Here are some reasons it may have gapped down: 1) Analyst Downgrade: Morgan Stanley downgraded PLTR from “”Overweight”” to “”Equal-Weight”” on September 10th, citing concerns over the company’s growth prospects. 2) Weak Sales Guidance: In its recent earnings call, PLTR provided disappointing sales guidance for the third quarter of 2024, falling short of analysts’ estimates. […]
8:00am (EST) Commentary The market rebounded off the morning lows and key support levels after better-than-expected economic news. Specifically, the consumer price index rose 2.5% in August, down from 2.9% in July and is the lowest print since February 2021. The Nasdaq closed at 17,395 (+2.2%) with the late day high at 17,420. Lower resistance […]
(Sep 9, 2024). Here are some reasons it may have gapped up: 1) Strong Earnings Report: NVDA beat analysts’ earnings estimates in its Q2 2024 report, released after the market closed on Sep 8th. 2) Positive Analyst Coverage: Several analysts have upgraded their ratings on NVDA in recent days, citing the company’s strong earnings and […]
Here are some reasons it may have gapped up: 1) Positive Clinical Trial Results: INFN announced positive results from a Phase 2 clinical trial of its lead drug candidate, eganelisib, in patients with relapsed or refractory acute myeloid leukemia (AML). 2) Analyst Upgrades: Several analysts have upgraded their ratings on INFN following the positive clinical […]
Here are some reasons it may have gapped down: 1) Weak Earnings Outlook: NKE’s recent earnings call indicated slower-than-expected growth in its footwear and apparel segments. 2) Supply Chain Disruptions: Ongoing issues with supply chain disruptions, particularly in China, have impacted NKE’s production and distribution. 3) Competitive Pressure: Increased competition from brands like Adidas and […]
Here are some reasons it may have gapped up: 1) Hydrogen Economy Momentum: The stock has been gaining momentum in recent weeks amid growing interest in the hydrogen economy and its potential for clean energy. 2) Positive Analyst Coverage: Several analysts have recently upgraded their ratings on PLUG, citing its strong growth prospects and leadership […]
Here are some reasons it may have gapped down: 1) Disappointing Q2 Earnings Report: CHWY reported lower-than-expected earnings per share and revenue in its Q2 2024 earnings report, released after the market closed on June 30th. 2) Slowing Sales Growth: The company’s sales growth has decelerated in recent quarters, raising concerns about its ability to […]
Bulls Still Pushing V-Shape Recovery 8:00am (EST) Commentary The market rebounded on Friday to keep last week’s mini trading range in play following comments from Fed Chairman Powell on interest rates. He said “the time has come” for the central bank to begin lowering interest rates and for policy to adjust. The Nasdaq closed at […]
September is typically a bearish month for the stock market and October has witnessed some of the biggest crashes and corrections in history. While most market pundits believe the trend remains strong for the market, it’s important to note the Nasdaq, S&P 500, and the Russell 2000 fell below their 50-day major moving averages last […]