Analyst news

• India ETF sees best day since 2022 as stock investors await election results

  03-06-2024 22:43 via rocketnews.com
  Shares of an exchange-traded fund focused on stocks in India climbed to a record peak Monday as investors await results from the country’s general election, amid expectations that Prime Minister Narendra Modi will remain in power.
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  [mwai_chat context=”Let’s have a discussion about this article:nnShares of an exchange-traded fund focused on stocks in India climbed to a record peak Monday as investors await results from the country
  
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• This CEO caused a nearly $3.6 billion swing in market cap between chip rivals

  03-06-2024 22:35 via rocketnews.com
  Shares of Lattice Semiconductor Corp. tumbled Monday after the semiconductor company’s chief executive left to join chip-sector rival Coherent Corp. — which, in turn, saw its stock soar to its best day in four years.
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  [mwai_chat context=”Let’s have a discussion about this article:nnShares of Lattice Semiconductor Corp. tumbled Monday after the semiconductor company’s chief executive left to join chip-sector rival Cohe
  
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• Mexican peso, ETFs slammed after ruling party’s election win. Here’s what’s worrying investors.

  03-06-2024 22:32 via rocketnews.com
  Exchange-traded funds that track Mexican equities suffered their biggest daily decline in over four years on Monday, after Claudia Sheinbaum’s victory in Mexico’s presidential election sparked investor concerns that her party’s landslide win could lead to constitutional changes.
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  [mwai_chat context=”Let’s have a discussion about this article:nnExchange-traded funds that track Mexican equities suffered their biggest da
  
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• Tried to buy the dip after the Berkshire Hathaway glitch? Here’s the bad news.

  03-06-2024 22:01 via rocketnews.com
  The New York Stock Exchange is reviewing any trades potentially impacted by Monday’s glitch, which briefly left Berkshire Hathaway’s Class A shares at a discount of more than 99%
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe New York Stock Exchange is reviewing any trades potentially impacted by Monday’s glitch, which briefly left Berkshire Hathaway’s Class A shares at a discount of more
  
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• Your taxes will likely have to go up, despite Biden’s $400K pledge

  03-06-2024 21:50 via rocketnews.com
  President Biden has pledged to not raise taxes on Americans making less than $400,000 per year, a group that makes up about 98% of the U.S. population. But experts say that maintaining this pledge will require Biden to abandon his plans for new spending.
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  [mwai_chat context=”Let’s have a discussion about this article:nnPresident Biden has pledged to not raise taxes on Americans making less than $400,000 per year, a group that makes up
  
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• Don’t sleep on the possibility of a Fed rate cut in July, economists say

  03-06-2024 20:28 via rocketnews.com
  Most Wall Street economists think investors can take the summer off, with no Federal Reserve rate cut on the horizon. But some economists still say there is a chance the central bank will lower its policy rate at its July meeting.
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  [mwai_chat context=”Let’s have a discussion about this article:nnMost Wall Street economists think investors can take the summer off, with no Federal Reserve rate cut on the horizon. But some economists stil
  
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• Mexico ETFs face worst day in 4 years after ruling party’s election win spooks investors

  03-06-2024 20:06 via rocketnews.com
  Exchange-traded funds that track Mexican equities were on track to suffer their biggest daily decline in nearly four years on Monday, after Claudia Sheinbaum’s victory in Mexico’s presidential election sparked investor concerns that her party’s landslide win could lead to constitutional changes.
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  [mwai_chat context=”Let’s have a discussion about this article:nnExchange-traded funds that track Mexican equities were on
  
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• Here’s the ‘Goldilocks range’ for stocks in upcoming U.S. jobs report, according to BofA

  03-06-2024 19:55 via rocketnews.com
  Stock-market investors are looking ahead to the U.S. employment report, watching for jobs growth that is neither so strong as to rekindle hot inflation fears nor so slow as to stir recession worries.
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  [mwai_chat context=”Let’s have a discussion about this article:nnStock-market investors are looking ahead to the U.S. employment report, watching for jobs growth that is neither so strong as to rekindle hot inflation fears nor so slow as
  
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• Roaring Kitty’s GameStop position worth over $386 million as of Monday morning

  03-06-2024 17:08 via rocketnews.com
  After three years of Reddit silence, the investor known as Roaring Kitty revealed on Sunday evening that he was holding a massive GameStop position. As of market open on Monday, that position would be worth over $386 million.
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  [mwai_chat context=”Let’s have a discussion about this article:nnAfter three years of Reddit silence, the investor known as Roaring Kitty revealed on Sunday evening that he was holding a massive GameStop position
  
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• ‘The manufacturing side of the economy appears to have stalled,’ ISM says

  03-06-2024 17:04 via rocketnews.com
  A key barometer of U.S. factories fell to a three-month as new orders waned, the cost of raw materials rose and businesses were reluctant to invest due to high borrowing costs.
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  [mwai_chat context=”Let’s have a discussion about this article:nnA key barometer of U.S. factories fell to a three-month as new orders waned, the cost of raw materials rose and businesses were reluctant to invest due to high borrowing costs.nnDiscussion:nn&rdqu
  
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• Oil prices fall after OPEC+ plans to begin phasing out voluntary cuts in fourth quarter

  03-06-2024 16:52 via rocketnews.com
  Oil futures headed lower on Monday as traders assessed a decision by the OPEC+ to extend cuts by the group into 2025 but to begin unwinding some additional voluntary reductions later this year.
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  [mwai_chat context=”Let’s have a discussion about this article:nnOil futures headed lower on Monday as traders assessed a decision by the OPEC+ to extend cuts by the group into 2025 but to begin unwinding some additional voluntary reductions la
  
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• Hertz’s stock sinks as CFO and COO to leave after less than a year in the roles

  03-06-2024 16:22 via rocketnews.com
  Hertz’s stock slid further into record-low territory Monday, after the car-rental company said its chief financial officer was leaving the company, less than a year after taking the job.
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  [mwai_chat context=”Let’s have a discussion about this article:nnHertz’s stock slid further into record-low territory Monday, after the car-rental company said its chief financial officer was leaving the company, less than a year after tak
  
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• Nio’s stock surges as May deliveries set monthly record

  03-06-2024 14:27 via rocketnews.com
  Nio’s stock charged higher Monday after the China-based electric vehicle maker reported a new monthly record for vehicle deliveries. The company has reported delivery increases for three straight months.
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  [mwai_chat context=”Let’s have a discussion about this article:nnNio’s stock charged higher Monday after the China-based electric vehicle maker reported a new monthly record for vehicle deliveries. The company has reported
  
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• Yen has to outdo itself. Forecast as of 03.06.2024

  03-06-2024 12:00 via litefinance.org
  
  A weak yen is an acute pain for the Japanese government and the Bank of Japan. For speculators, this is a great carry trade opportunity. At the same time, the USDJPY may begin to consolidate. Let's talk about this topic and make a trading plan.Weekly fundamental forecast for Japanese yenWhen investors were betting on the USDJPY's uptrend reversal in late 2023, they were anticipating 6-7 fed funds rate cuts and several overnight rate hikes. Five months later, the outlook has changed. The market a
  
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• Raspberry Pi prices London IPO with up to $688 million valuation

  03-06-2024 11:21 via rocketnews.com
  Raspberry Pi, the U.K. maker of low-cost computers, is expected to be worth up to 540 million pounds ($688 million) when it floats on the London Stock Exchange next week.
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  [mwai_chat context=”Let’s have a discussion about this article:nnRaspberry Pi, the U.K. maker of low-cost computers, is expected to be worth up to 540 million pounds ($688 million) when it floats on the London Stock Exchange next week.nnDiscussion:nn” ai_name=&
  
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• Short-term analysis for oil, gold, and EURUSD for 03.06.2024

  03-06-2024 09:10 via litefinance.org
  
  I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.Oil price continues to decline.Oil price forecast for today: USCrude analysisOil continues to decline within the short-term bearish trend. Today, the price is testing the Target Zone 77.11 - 76.12. If it breaches this area, the next selling target will be the
  
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• Dollar: a gorilla in the room. Forecast as of 03.06.2024

  03-06-2024 09:05 via litefinance.org
  
  The ECB will cut rates in June but then act with an eye on the Fed. The pause may drag on amid accelerating European inflation, which will support the EURUSD. Let’s discuss it and make a trading plan.Weekly fundamental forecast for dollarThe US economy may not be slowing down, but it is certainly not accelerating. Strong data, including consumer confidence, alternate with weak stats. The Chicago Fed Business Activity Index fell to its lowest level in four years. Personal spending and consu
  
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• Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 03.06.2024

  03-06-2024 08:40 via litefinance.org
  
  Dear readers,I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.Elliott Wave analysis for BitcoinThe impulse made of subwaves [1]-[2]-[3]-[4]-[5] continues forming in Bitcoin's chart. The subwaves [1]-[2]-[3]-[4] have formed for now. The initial part of the final impulse wave [5] is currently unfolding, with the first small subwaves (1)-(2) already formed. The first subwave (1) may be unfolding as part of wave [5]. Correction 4 is presumably
  
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