Energy stocks are the uncontested winners in the S&P 500 this year (^GSPC). They continue to “look extremely attractive,” says one fund manager. “Commodity prices remain buoyant,” Ben Cook, portfolio manager of Hennessy Transition Fund, told Yahoo Finance. “We foresee growth in crude oil demand this year, as well as growth on natural gas demand … Read more
Arvinas initiated Overweight at Barclays on attractive therapeutic platform Source link
Profitable investing is all about making the right choices and finding the stocks to build a portfolio that will generate positive returns no matter what happens. The challenge now can be summed up in the range of headwinds pushing against the markets. Investors have to contend with high inflation, and the prospect of higher rates … Read more
Corporate landlords are gobbling up mobile home parks and rapidly driving up rents — here’s why the space is so attractive to them The hunt for yield has pushed private equity firms and professional investors into new segments of the real estate market. In recent years, sophisticated investors have snapped up multi-family units and single-family … Read more
gorodenkoff The global memory market is weak and getting weaker, with investment firm J.P. Morgan expecting both bit shipments and average selling prices for dynamic random access memory, or DRAM, and NAND to see “meaningful” declines the rest of this year and next. But with all of the pessimism surrounding both markets, the DRAM market … Read more
Ethereum has been stealing more market share from bitcoin over the last couple of weeks. This is a result of the Merge announcement that took the space by storm about a month ago. Since then, interest in Ethereum has skyrocketed. But with the decline in price, investors are becoming warier about investing in the market. … Read more
Within the past few years, cryptocurrency adoption and acceptance have dramatically increased. As a result, many developers and other participants joined the digital asset train to boost the expansion of the industry. Then came the float of several decentralized protocols, NFT projects, applications, exchanges, and other products that distinguish the space. As the crypto space … Read more
Despite the ongoing cryptocurrency market decline and associated forced layoffs in major crypto firms, a career in crypto doesn’t turn less attractive to many traditional finance executives. European crypto exchange-traded fund (ETF) provider 21Shares announced three major hires on Wednesday to expand its presence in countries like France, Germany and the United Arab Emirates. Marina Baudéan, … Read more
Anyone still expecting Nvidia (NVDA) to deliver a beat-and-raise quarterly report got a rude awakening on Monday. The chip giant released preliminary financial results for its fiscal second quarter (F2Q23 – July quarter) and got a thumbs down from the Street. Nvidia now sees Q2 revenue hitting $6.7 billion, an increase from the $6.5 billion … Read more
Ethereum extended its rally above the $1,550 resistance against the US Dollar. ETH is correcting gains but dips might find bids near $1,460. Ethereum gained bullish momentum and even surpassed the $1,550 resistance. The price is now trading above $1,500 and the 100 hourly simple moving average. There is a key bullish trend line forming … Read more