Analyst news

• Coursera, Chegg stocks fall after weaker guidance for both edtech companies

  29-04-2024 23:06 via rocketnews.com
  Shares of Coursera Inc. and Chegg Inc. fell in the after-hours session Monday after both education-tech companies guided for weaker current quarters, and Chegg also announced a CEO change.
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  [mwai_chat context=”Let’s have a discussion about this article:nnShares of Coursera Inc. and Chegg Inc. fell in the after-hours session Monday after both education-tech companies guided for weaker current quarters, and Chegg also announced a CEO cha
  
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• Pound reinforces its position. Forecast as of 16.05.2024

  16-05-2024 12:23 via litefinance.org
  
  Many believed that the British pound would plummet after the Bank of England's hints of monetary easing. However, the GBPUSD pair is hardly afraid of a rate cut, as it is buoyed by the fact that the UK economy is taking off. Let’s discuss that and make a trading plan for GBPUSD.Monthly fundamental forecast for pound sterlingWhat does not kill us makes us stronger, as the saying goes. It has been a while since central banks have signaled an easing of monetary policy. Andrew Bailey said
  
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• Ubisoft shares slump after guidance disappoints

  16-05-2024 11:08 via rocketnews.com
  Shares of “Assassin’s Creed” maker Ubisoft Entertainment plunged Thursday after the group set guidance below analysts’ expectations for the current quarter, signaling a slow start to the new fiscal year following a strong fourth quarter.
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  [mwai_chat context=”Let’s have a discussion about this article:nnShares of “Assassin’s Creed” maker Ubisoft Entertainment plunged Thursday after the group set
  
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• GBP to AUD Forecast for 2024, 2025-2030 and Beyond

  16-05-2024 09:20 via litefinance.org
  
  Embarking on the GBP to AUD currency forecast, it's evident that navigating this pair is a complex task filled with inherent volatility. Various sources offer insights, depicting fluctuations and subtle long-term trends in the currency market. The forecasts collectively suggest a journey of ups and downs for the GBP to AUD exchange rate, with periods of both appreciation and depreciation marked by the ever-present uncertainty of Forex trading.The question, "Are GBP AUD prices expected to go up o
  
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• Short-term analysis for oil, gold, and EURUSD for 16.05.2024

  16-05-2024 09:11 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.The euro will continue its short-term uptrend.Oil price forecast for today: USCrude analysisOil's short-term downtrend continued yesterday. As a result, the price reached below the May 8 low. The asset failed to break through the Target Zone 77.11 - 76.12. In
  
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• Dollar lost the battle. Did it lose the war? Forecast as of 16.05.2024

  16-05-2024 09:07 via litefinance.org
  
  The Fed will cut rates in 2024, as suggested by inflation resuming a downtrend. However, that doesn't mean monetary expansion will start today. What does it mean for the EURUSD? Let’s discuss it and make a trading plan.Monthly fundamental forecast for the dollarThe good news is that the EURUSD's downtrend has been broken. The bad news is that moving up will be more difficult than in the first half of May. The proof is that three major US stock indexes have soared to record highs simultaneo
  
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• Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 16.05.2024

  16-05-2024 08:58 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 BitcoinBitcoin's price continues forming correction [4], made of subwaves (W)-(X)-(Y)-(XX)-(Z). The first three parts are completed. The second linking wave (XX) is currently unfolding and may form as a regular zigzag A-B-C. Impulse A and correction B look completed. The price is likely rising in impulse C towards the high at 67,231.19, marked by correct
  
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• Bond-market rally may not be over after inflation report brings ‘massive relief’

  15-05-2024 23:32 via rocketnews.com
  The U.S bond market broadly rose on Wednesday, paring its losses this year after fresh inflation added fuel to investor hopes that the Federal Reserve may cut interest rates in 2024.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe U.S bond market broadly rose on Wednesday, paring its losses this year after fresh inflation added fuel to investor hopes that the Federal Reserve may cut interest rates in 2024.nnDiscus
  
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• Michael Burry’s Scion dumps Alphabet and Amazon, buys shares of gold ETF

  15-05-2024 23:13 via rocketnews.com
  Michael Burry’s Scion Asset Management dumped positions in Alphabet Inc. and Amazon.com Inc. during the first quarter while buying shares of an exchange-traded fund that invests in physical gold.
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  [mwai_chat context=”Let’s have a discussion about this article:nnMichael Burry’s Scion Asset Management dumped positions in Alphabet Inc. and Amazon.com Inc. during the first quarter while buying shares of an exchange-traded fund
  
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• Appaloosa takes new stake in Boeing, sours on GM

  15-05-2024 22:46 via rocketnews.com
  David Tepper’s Appaloosa hedge fund took new stakes in Boeing Co. and LyftInc., to name a few of its fresh bets, and sold off the General Motors Co. stake it had snapped up only a few months ago, according to a filing with the Securities and Exchange Commission late Wednesday.
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  [mwai_chat context=”Let’s have a discussion about this article:nnDavid Tepper’s Appaloosa hedge fund took new stakes in Boeing Co. and LyftInc., to
  
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• GM’s Cruise to pay at least $8 million to woman hit by robotaxi: reports

  15-05-2024 22:44 via rocketnews.com
  Cruise, the self-driving-vehicle unit of General Motors Co., has reportedly reached a settlement for between $8 million and $12 million with a pedestrian who was struck and severely injured by one of its robotaxis last year.
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  [mwai_chat context=”Let’s have a discussion about this article:nnCruise, the self-driving-vehicle unit of General Motors Co., has reportedly reached a settlement for between $8 million and $12 million with a pedes
  
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• JPMorgan is buying NYCB loans partly to help smaller bank’s turnaround: source

  15-05-2024 20:34 via rocketnews.com
  New York Community Bancorp’s stock gave back recent gains Wednesday on the heels of a $5 billion loan sale to JPMorgan Chase & Co., which marks a fresh move in the bank’s plan to turn a profit.
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  [mwai_chat context=”Let’s have a discussion about this article:nnNew York Community Bancorp’s stock gave back recent gains Wednesday on the heels of a $5 billion loan sale to JPMorgan Chase & Co., which marks a fresh m
  
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• Silver posts highest close in 11 years, gold at 3-week high as CPI data show slowdown in inflation

  15-05-2024 20:31 via rocketnews.com
  Silver futures post their highest settlement since 2013 on Wednesday, and gold futures rallied, after U.S. government data revealed a slowdown in the rate of inflation, feeding expectations for interest-rate cuts this year.
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  [mwai_chat context=”Let’s have a discussion about this article:nnSilver futures post their highest settlement since 2013 on Wednesday, and gold futures rallied, after U.S. government data revealed a slowdown in the
  
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• Warren urges Biden to target grocery chains over high prices. But there’s debate over how much chains are to blame.

  15-05-2024 20:27 via rocketnews.com
  Sen. Elizabeth Warren and dozens of other Democratic lawmakers have pushed this week for President Joe Biden to use his executive authority to drive grocery chains toward lowering their prices.
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  [mwai_chat context=”Let’s have a discussion about this article:nnSen. Elizabeth Warren and dozens of other Democratic lawmakers have pushed this week for President Joe Biden to use his executive authority to drive grocery chains toward lowering
  
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• Nio’s stock skids, even though new U.S. tariffs on China EVs aren’t a concern

  15-05-2024 20:27 via rocketnews.com
  Shares of Nio Inc. pulled a U-turn to trade sharply lower Wednesday, wiping out the bulk of their gains made in the wake of the Biden administration’s new tariffs on electric-vehicle imports from China.
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  [mwai_chat context=”Let’s have a discussion about this article:nnShares of Nio Inc. pulled a U-turn to trade sharply lower Wednesday, wiping out the bulk of their gains made in the wake of the Biden administration’s new tar
  
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• The soft economic data has been bad. The hard data is starting to weaken as well.

  15-05-2024 18:01 via rocketnews.com
  Surveys of consumers as well asbusinesses have been pessimistic for some time. Now the hard data, such as the retail-sales report for April, is starting to weaken as well, though it’s still much better than what the so-called soft data is suggesting.
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  [mwai_chat context=”Let’s have a discussion about this article:nnSurveys of consumers as well asbusinesses have been pessimistic for some time. Now the hard data, such as the retail
  
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• Child care costs more than a mortgage payment or rent almost everywhere in the U.S.: ‘There is no escaping it’

  15-05-2024 18:00 via rocketnews.com
  The average cost of child care for two children is now greater than the average rent in all 50 states, and greater than the average mortgage payment in 45 states.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe average cost of child care for two children is now greater than the average rent in all 50 states, and greater than the average mortgage payment in 45 states.nnDiscussion:nn” ai_name=”RocketNews
  
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• Economic calendar for the week 20.05.2024 – 26.05.2024

  15-05-2024 14:53 via litefinance.org
  
  The US stock market remains bullish and the dollar retains positive dynamics despite the fact that the market still expects 2 interest rate cuts this year. This coming week, minutes of the May meeting of the US Central Bank will be published, and market participants will probably be able to better understand the prospects for its monetary policy.As some Fed officials previously stated, if consumer inflation in the United States stabilizes above the target of 2.0% or continues to grow significant
  
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• Get ready for more S&P 500 highs, but bigger dips, says faithful S&P 500 bull

  15-05-2024 14:38 via rocketnews.com
  The Kobeissi Letter’s Adam Kobeissi has been a faithful and largely accurate bull since the S&P 500’s October lows. He’s still bullish but says get ready for some choppiness.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe Kobeissi Letter’s Adam Kobeissi has been a faithful and largely accurate bull since the S&P 500’s October lows. He’s still bullish
  
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• The 5 changes to the 401(k) that could make a big difference to your retirement

  15-05-2024 14:32 via rocketnews.com
  From blocking preretirement withdrawals to accounting for long-term care of family members, improving the nation’s most popular retirement-investing tool is one of the Best New Ideas in Money.
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  [mwai_chat context=”Let’s have a discussion about this article:nnFrom blocking preretirement withdrawals to accounting for long-term care of family members, improving the nation’s most popular retirement-investing tool is one of the
  
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• New York State’s Empire State factory gauge weakens further in May

  15-05-2024 14:30 via rocketnews.com
  The New York Fed’s Empire State business conditions index, a gauge of manufacturing activity in the state, fell 1.3 points in May to negative 15.6, the regional Fed bank said Wednesday.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe New York Fed’s Empire State business conditions index, a gauge of manufacturing activity in the state, fell 1.3 points in May to negative 15.6, the regional Fed bank said
  
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• 3M’s new lowered dividend yield is still double the S&P 500’s

  15-05-2024 14:20 via rocketnews.com
  3M’s stock pulled back slightly from a 15-month high on Wednesday, after the consumer and industrial products company cut its quarterly dividend by more than half in the wake of the spinoff of its healthcare business.
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  [mwai_chat context=”Let’s have a discussion about this article:nn3M’s stock pulled back slightly from a 15-month high on Wednesday, after the consumer and industrial products company cut its quarterly dividen
  
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• XAUUSD: Elliott wave analysis and forecast for 10.05.24 – 17.05.24

  15-05-2024 14:00 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 2277.15 with a target of 2500.00 – 2560.00.Alternative scenario: breakout and consolidation below the level of 2277.15 will allow the pair to continue declining to the levels of 2154.83 – 2019.86.Analysis: a descending correction appears to have formed as the fourth wave (4) of larger degree on the daily chart. The fifth wave (5) is unfolding, with first wave 3 of (5) forming as its part. Apparently, the third
  
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• Markets closely watch Swiss franc. Forecast as of 15.05.2024

  15-05-2024 13:01 via litefinance.org
  
  In a quiet lagoon, devils dwell. The tension is brewing in the USDCHF and EURCHF pairs despite their usual calm movement due to the growth of volatility in the Forex market and monetary policy. Let's discuss this topic and make up a trading plan.Monthly Swiss franc fundamental forecastThe Swiss National Bank's reluctance to intervene and support its national currency, as it did in 2023, and its 25 bps cut in the key interest rate to 1.5% in March turned the franc into an outs
  
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• TotalEnergies CEO: Moving main listing to New York would be ‘no matter of emotion.’

  15-05-2024 11:30 via rocketnews.com
  The chief executive of French energy giant TotalEnergies reiterated that the company is looking at moving its primary listing to the U.S. as he sought to play down the significance of such a decision.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe chief executive of French energy giant TotalEnergies reiterated that the company is looking at moving its primary listing to the U.S. as he sought to play down the sign
  
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• Burberry’s profits plunge as sales slump on slowing luxury demand

  15-05-2024 11:17 via rocketnews.com
  Burberry on Wednesday said the slowdown in the luxury goods market hit its sales in the final quarter of 2024 and led to a sharp 34% drop in its full-year profits.
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  [mwai_chat context=”Let’s have a discussion about this article:nnBurberry on Wednesday said the slowdown in the luxury goods market hit its sales in the final quarter of 2024 and led to a sharp 34% drop in its full-year profits.nnDiscussion:nn” ai_name=”RocketNe
  
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• IEA lowers 2024 oil-demand forecast

  15-05-2024 11:01 via rocketnews.com
  The International Energy Agency cut its forecast for oil-demand growth this year as subdued industrial activity and mild winter temperatures reduced gasoil consumption across some of the world’s largest economies, particularly in Europe.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe International Energy Agency cut its forecast for oil-demand growth this year as subdued industrial activity and mild winter t
  
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• Bank of America (BAC) Stock Forecast for 2024, 2025–2026 and Beyond

  15-05-2024 10:03 via litefinance.org
  
  The Bank of America Corporation (BAC) emerges as a critical player in the fluctuating stock market landscape. Its stock performance mirrors its financial robustness and market standing, presenting an intriguing subject for forecasts and analyses.This article will delve into the forecast for Bank of America's stock, examining the various elements that shape its future. We will explore analyst recommendations, price targets, and market sentiments to provide investors with a comprehensive understan
  
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• Dollar waiting for the cards to fall. Forecast as of 15.05.2024

  15-05-2024 09:19 via litefinance.org
  
  The acceleration of US producer prices and the potential resumption of the US-China trade war have not frightened the EURUSD bulls. Neither have Jerome Powell's words about patience. Perhaps CPI will? Let's discuss it and make a trading plan.Fundamental forecast for dollar for todayThe market hears what it wants to hear. Thus, it heard that the producer prices fell 0.1% in March but didn't hear about their growth by 0.5% m/m in April. It heard that the Fed's rate hike in 2024 is extremely unlike
  
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• Short-term analysis for oil, gold, and EURUSD for 15.05.2024

  15-05-2024 09:11 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.Yesterday, the euro reached above the May 3 high.Oil price forecast for today: USCrude analysisYesterday, oil reached the main selling target of 78.77. The price went below the May 13 low. After that, the asset started another bullish correction. Today, oil i
  
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