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FTSE – HSBC Upgrades UK Plc To Overweight

FTSE – HSBC Upgrades UK Plc To Overweight

Image Source: Pexels On Monday, HSBC increased its rating on British stocks from neutral to overweight, pointing to their low valuations, rising commodity prices and bond yields, as well as the attractive dividend yields of UK shares and the resolution of the long-standing issue of pension fund selling. They also raised their target price for the […]
Tech Surge Boosts Nasdaq To Record Highs

Tech Surge Boosts Nasdaq To Record Highs

The Nasdaq Composite Index (IXIC) is up triple digits and marking new record highs, thanks to rising tech stocks. Nvidia (NVDA), specifically, is in focus as analysts throw in bull notes ahead of this week’s earnings report.The Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are enjoying more modest gains, though the latter is […]
Genesis settles for $2 billion in New York AG crypto case

Genesis settles for $2 billion in New York AG crypto case

New York Attorney General Letitia James has reached a $2 billion settlement with crypto lender Genesis to repay their investors, as reported by CNBC. Genesis, a central figure within the Digital Currency Group (DCG), succumbed to the industry-wide impact following FTX’s collapse, leading to a Chapter 11 bankruptcy filing in January 2023. “This historic settlement […]
A $50B AI Drug Discovery Revolution Has Begun – Here Are 6 Stocks To Consider Investing In

A $50B AI Drug Discovery Revolution Has Begun – Here Are 6 Stocks To Consider Investing In

Photo by Mohamed Nohassi on Unsplash An Introduction Given that the drug development process is so expensive (about $900 million) and time-consuming (13.5 years, on average), firms cannot afford to push that many drugs forward which creates a huge shortage in drug candidates and programs. That being said, the advent of AI can significantly shorten and cheapen this […]
End The Fed… And Replace It With What?

End The Fed… And Replace It With What?

 Image source: Wikipedia Last week, Rep. Thomas Massie (R-KY) introduced the Federal Reserve Board Abolition Act (HR 8421). The bill would do exactly as its title suggests: abolish the Fed.“Americans would be better off if the Federal Reserve did not exist,” Massie said. “The Fed devalues our currency by monetizing the debt, causing inflation.”Massie’s bill directs […]
Continuation For Kiwi Ahead Of RBNZ?

Continuation For Kiwi Ahead Of RBNZ?

Kiwi showed a robust continuation candle last week on the daily chart. The price recovered above the 0.6085 resistance level and finished the week above the 0.61 area, suggesting a potential continuation pattern unfolding in the middle of an impulsive recovery. This week, the Bank of New Zealand’s interest rate decision is anticipated, and they […]
3 Communication Services Funds To Buy As The Sector Remains Solid

3 Communication Services Funds To Buy As The Sector Remains Solid

Image Source: Unsplash  Communication Services did quite well in 2023, ending just behind the broader tech sector that it is part of. However, as of April 2024, the sector grew 31.3% over the prior 12 months, keeping just ahead of the tech sector.The communication services segment is relatively new, created by combining FANG stocks with the telecom […]
Bullish signal: nearly 28,000 BTC left centralized exchanges in 7 days

Bullish signal: nearly 28,000 BTC left centralized exchanges in 7 days

Bitcoin (BTC) showed a 6.6% recovery in the last seven days, and investors withdrew their BTC holdings from centralized exchanges as a result, according to data aggregator Coinglass. In the last seven days, 27,975.21 BTC left the 20 exchanges tracked by the data platform, roughly $1.9 billion at the time of writing.Coinbase Pro saw the […]
Analytical Overview Of The Main Currency Pairs – Monday, May 20

Analytical Overview Of The Main Currency Pairs – Monday, May 20

Image Source: Unsplash  The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0863 Prev Close: 1.0867 % chg. over the last day: +0.04 % The ECB prefers to follow Fed policy, but the contrasting economic conditions and inflation profiles mean that the ECB will likely have to go it alone this time. Many ECB officials have repeatedly […]
Fed Speak Takes Center Stage In Data Light US Session

Fed Speak Takes Center Stage In Data Light US Session

Image Source: Pixabay  We’re looking at a market with little changes since the Friday close. Overall, investors have been feeling better about a more investor friendly Fed monetary policy path in the aftermath of the latest round of US data.Video Length: 00:00:58More By This Author:New Week Gets Off To A Good Start Fed Speak Tempers Rate […]