Michael Harris

Shares of Uber (NYSE: UBER) are trading higher this month as investors seek exposure to reopening and recovery stocks.  Fundamental analysis: New drivers plan presented Uber announced a new $250 million driver stimulus plan two days ago to support the current drivers and increase appeal for other drivers to…

Shares of Nokia (EPA: NOKIA) are trading in a sideways fashion after a period of higher volatility amid the WSB frenzy.  Fundamental analysis: HMD Global rolls out new series of Nokia phones HMD Global, the company behind the Nokia mobile brand introduced a new series of smartphones on Thursday…

Shares of the American semiconductor equipment manufacturer Applied Materials (NASDAQ: AMAT) have rotated lower this week after the company published a new financial model for 2024 and other future plans which have raised concerns among investors.  Fundamental analysis: New guidance announced Under the new outlook, Applied Materials outlined their…

Shares of Apple (NASDAQ: AAPL) soared to a 7-week high today as stocks keep printing fresh highs on recovery hopes.  Fundamental analysis: Morgan Stanley and Goldman Sachs have opposite predictions over Apple Services Revenue Apple is set to report its revenue results around April 30 and Morgan Stanley and…

Shares of Norwegian Cruise Line Holding (NASDAQ: NCLH) are trading in an upward trajectory in recent weeks on plans to shove off this summer for the first time in over a year. Fundamental analysis: Proposal filed NCLH filed a proposal with the U.S. Centers for Disease Control and Prevention…

Ripple (XRP) price has moved about 100% higher in the past few days to surpass the $1 mark for the first time in over 3 years.  Fundamental analysis: Ripple could continue without XRP Ripple CEO Brad Garlinghouse said Ripple could continue operating without XRP if necessary. Garlinghouse argued that…

IMAX (NYSE: IMAX) stock price soared almost 10% in the past few days after a blockbuster movie “Godzilla vs. Kong” made a great debut in cinemas over the weekend.  Fundamental analysis: “Godzilla vs. Kong” makes the pandemic-best weekend opening with $32.2M The new “Godzilla vs. Kong” film has made…

Shares of Samsung Electronics (KRX: 005930) soared about 5% in the past few days as investors anticipated a stronger-than-expected first quarter for the South Korean tech titan. Fundamental analysis: Profit in Q1 likely up 44% Samsung’s profit in the quarter between January and March likely rose by 44% thanks…

Bitcoin (BTC) price is still trading below the $60,000 mark as buyers take a step back to allow for consolidation to take place.  Fundamental analysis: Kevin O’Leary says he will not buy “blood” Bitcoin mined in China Canadian businessman and investor Kevin O’Leary said he will only purchase Bitcoin…

Ethereum (ETH) price soared to a record high this morning to push the entire cryptocurrency market capitalization above $2 trillion again. Fundamental analysis: Mark Cuban praises Ethereum The U.S. billionaire investor Mark Cuban recently voiced his optimism on the future of digital currencies and compared blockchain technology to the…

Shares of Tesla (NASDAQ: TSLA) are trading in a $600 to $700 range as buyers look to break higher on stronger-than-expected delivery numbers for Q1.  Fundamental analysis: Delivery numbers in Q1 beat analysts estimates Tesla published vehicle production and delivery numbers for the first quarter of this year and…

Shares of Funko (NASDAQ: FNKO) closed nearly 45% higher in March as the company made steps towards entering the non-fungible tokens (NFT) market.  Fundamental analysis: A majority stake in TokenHead developer acquired to enter the NFT market Pop culture products company Funko announced Thursday bought a majority stake in…

Bitcoin (BTC) price is up over 6% as buyers approach the $60,000 handle following a series of positive developments coming from the major financial institutions.  Fundamental analysis: Goldman the latest to embrace crypto Goldman Sachs became the latest major financial player to enter the crypto ecosystem. One of the…

Shares of Deliveroo (LSE: ROO) fell 30% in a spectacular fashion on Wednesday in the stock market debut in London. Fundamental analysis: Disappointing IPO Deliveroo hit a valuation of 7.6 billion pounds ($10.46 billion) after the company priced its shares at 390 pence apiece, which is lower than analysts’ estimates.

Chinese electric vehicle maker BYD (HK: 1211) expects to feel the blow of increasing battery costs and said Monday that net profits attributable to shareholders in Q1 will be between 200 million yuan ($30.4 million) and 300 million yuan. Fundamental analysis: Hit from rising battery costs expected BYD, backed…

Shares of H&M (STO: HMB) closed over 3% lower today after the fashion retailer reported a loss for the prior quarter. Fundamental analysis: H&M commits to regaining trust in China after Xinjiang backlash H&M reported a pretax loss of 1.39 billion crowns ($159 million) to miss on the analysts’…

Shares of PayPal (NASDAQ: PYPL) gapped slightly higher after the online payment company announced yesterday that its U.S. consumers will now be able to make payments at its online merchants with their crypto holdings, a move that could largely increase the use of digital currencies. Fundamental analysis: New crypto…

Ripple (XRP) price is trading comfortably above the $0.50 mark as bulls look to consolidate before pushing towards the next resistance line at $0.65. Fundamental analysis: Ripple buys a 40% stake in an Asian cross-border payments provider Tranglo Ripple has bought a large stake in Tranglo, a cross-border payments…

Hon Hai Precision Industry Co., better known as Foxconn (TWSE: 2354), reported worse-than-expected quarterly earnings while the company’s aggressive transition from its core business to manufacturing electric vehicles (EV) has accelerated. Fundamental analysis: Worse-than-expected profit reported, a shift towards making EVs accelerated Foxconn reported a net income decline…

Shares of the Chinese video sharing company Bilibili (NASDAQ: BILI) soared over 4.5% Monday, the same day the company’s shares became available for trading in Hong Kong. Fundamental analysis: Hong Kong listing Last week, Bilibili secured $2.6 billion in its secondary listing, pricing its shares at 808 Hong Kong dollars…

Visa (NYSE: V) announced Monday it will allow users to settle transactions with the USD Coin  (USDC) cryptocurrency on its payment network, underscoring the increasing mainstream acceptance of digital currencies.  Fundamental analysis: Visa embraces crypto Visa has rolled out the pilot program in collaboration with crypto and payment platform…

Banking investment titans, Nomura (T: 8604) and Credit Suisse (ETR: CSX), said they are facing billions of dollars in losses after US hedge fund Archegos Capital defaulted on margin calls. Fundamental analysis: Banks expect significant losses after a share collapse in a U.S. hedge fund Nomura and Credit…

Crude oil prices moved sharply higher on Friday to pare back most of weekly losses as investors continue to closely monitor developments in the Suez canal.  Fundamental analysis: Can Suez blockage seriously disrupt crude oil market? One of the largest container ships in the world Ever Given got stranded in…

S&P 500 price erased gains from earlier in the week to race higher and close the week in the green. On the other hand, the tech-heavy NASDAQ index closed the week over 0.5% in the red as the rotation from growth to cyclical stocks continues to take place.  Fundamental…

The Hang Seng Tech Index (HKG: 700), which represents the 30 largest technology companies listed in Hong Kong, is trading about 30% lower from the record highs set last month as the U.S. Securities and Exchange Commission (SEC) started rolling out a law to delisted Chinese companies that fail to…