Investing
Alibaba Stock Rises 5% in Premarket
Alibaba Group Holding Ltd. reported mixed results for its September quarter, highlighting both opportunities and challenges within China’s e-commerce sector. Net income surged 58% year-over-year to 43.9 billion yuan ($6.07 billion), significantly outperforming the LSEG consensus of 25.83 billion yuan. The robust profit growth stemmed from gains in equity investments,…
Read More »Nvidia stock has 25% upside
Nvidia’s stock has surged to unprecedented heights, and Melius Research suggests the momentum isn’t over. A recent note by Ben Reitzes, managing director at Melius, raised Nvidia’s price target to $185, suggesting a potential 26% increase from its current level. Reitzes likens Nvidia’s trajectory to Apple’s groundbreaking iPhone launch, suggesting…
Read More »Tencent Stock: Q3 Profit Surges 47%, Gaming and Ads Lead
Tencent Holdings Ltd (HK:0700) reported robust third-quarter results, surpassing profit expectations primarily due to strong growth across its gaming, advertising, and cloud segments. Profit attributable to shareholders surged 47% year-over-year to 53.23 billion yuan ($7.37 billion), well above LSEG’s forecast of 46.18 billion yuan. However, revenue came in slightly below…
Read More »Shopify’s Stock Surged By 25% After Reporting Strong Revenue
Shares of Shopify surged as much as 25% following the company’s impressive third-quarter earnings report, which exceeded analysts’ expectations. The e-commerce giant reported earnings per share (EPS) of $0.35, surpassing the anticipated $0.26. Meanwhile, its revenue reached $2.16 billion, above forecasts of $2.12 billion. This strong performance, along with Shopify’s…
Read More »Bitcoin Hits $88,000 All-Time High, Ethereum Surges 5.91%
Overall Analysis Bitcoin’s sharp rally towards the $88,398 level has sent the crypto market sky-high after the US election results. Ethereum surged by +5.91% on November 11th, currently testing a resistance level. Bitcoin Chart Analysis BTC/USD 15-Minute Chart (Source: TradingView) On the November 11th, 2024, trading session, Bitcoin marked another…
Read More »Oil and Natural Gas Analysis: Price Decline Continues
Overall Analysis Oil tanked more then -1.98% on Friday’s trading session, broke major supporting trendline and sustained below it. Natural Gas down by almost -1%, breaking the supporting trendline, currently at major level. Breakdowns may trigger massive selling. Oil Chart Analysis Oil/USD- 15 min time frame On the 8th November…
Read More »Dollar Index Analysis: Strong Uptrend Faces Resistance Level
Overall Analysis The Dollar Index continues its rally to the upside, with price action showing weakness on the daily and hourly time frames. Chart Analysis USD 15-Minute Time Frame On November 11, 2024, the Dollar Index increased by 0.50%, currently trending upwards within a channel. The price might face strong…
Read More »USD/CHF in a strong up trend; USD/JPY breaks out of the zone
Overall Analysis USD/CHF in an uptrend with strong channel support; the pair stays strong on the daily time frame. USD/JPY breakout of the distribution zone; breaking the halt zone will decide the direction. USD/CHF Chart Analysis 15 min time frame On the 11th Nov 2024, the pair kept its rally…
Read More »Bitcoin & Ethereum Analysis: BTC Hits High, ETH Is Steady
Overall Analysis Bitcoin made an all-time high of $81,751, continuing its rally for six consecutive trading sessions. Trump’s win has fueled Bitcoin’s rise. Ethereum successfully closed above a major resistance level, and the rally seems poised to continue upward. Bitcoin Chart Analysis BTC/USD 15-Minute Time Frame On the November 10,…
Read More »Tesla Stock Hits $1T Market Cap as Musk Backs Trump Return
Tesla’s stock has recently surged, reflecting a renewed synergy between CEO Elon Musk and President-elect Trump. The company’s valuation exceeded $1 trillion for the first time in over two years. Shares of the electric vehicle (EV) giant rose by 8.2% to $321.22. This rally was fueled by Musk’s endorsement of…
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