Investing news

Uniswap has surged slightly over 45% in the past 4 days as it left the descending triangle formation. However, its move up is now in question as the cryptocurrency faces a sell-wall. What will happen next, and should you consider investing in UNI now? Fundamental analysis: UNI pushes…

Kellogg Company (NYSE: K)shares have weakened more than 7% since the beginning of the year, and the current share price stands around $57. Wall Street remains bullish on Kellogg, and the stock price could stabilize above the $60 resistance if the U.S. stock market continues to trade in a…

Ripple has started piloting the CBDC Private Ledger, the private version of the company’s open-source XRP Ledger, which offers Central Banks a secure, yet versatile solution for issuing and managing digital currencies. A blog post revealed this news on March 3, noting that the private version of XRP Ledger would…

Shares of Nokia Corporation (EPA: NOKIA) are trading in a subdued fashion after losing almost 17% in February. Fundamental analysis: Short-selling hedge fund Melvin Capital recovers Melvin Capital, the short-selling hedge fund that sustained an enormous loss amid the GameStop and WSB saga, recovered some ground and gained over…

The USD/TRY is little changed as the sell-off of emerging market (EM) currencies accelerates. It is trading at 7.4387, which is a few points below this week’s high of 7.5145. Turkish lira chart Turkish lira pressured The Turkish lira has been under pressure in the past few weeks. It…

Meggitt plc (LON: MGGT) said on Thursday that it concluded 2020 with a pre-tax loss as the ongoing Coronavirus pandemic fuelled costs last year. The dovish performance also pushed the company into cancelling its final dividend.   Meggitt shares tanked roughly 3% in premarket trading on Thursday but jumped…

The US dollar index (DXY) rose ahead of an important speech by Jerome Powell and the upcoming nonfarm payroll (NFP) data. The index is trading at $91.14, which is 1.50% above the lowest level last week. Jerome Powell speech The dollar has risen against most currencies as forex investors wait…

Shares of Snowflake (NYSE: SNOW) soared 1.8% in pre-market trading hours on Thursday despite reporting a bigger-than-expected loss for the fourth quarter that ended January 2021. Fundamental analysis: Dual-class structure removed Snowflake reported a Q4 loss of $0.70 per share, which is much worse than the $0.43 per share…

The GBP/USD is little changed as traders assess Rishi Sunak’s annual budget proposals and the strong construction sector. It is trading at 1.3940, which is a few points below yesterday’s high of 1.400. GBP/USD price action Strong UK data On Monday, data by Markit revealed that the country’s…

February was a very eventful month for the crypto industry. Bitcoin (BTC) hit a new all-time high, and so did Ethereum (ETH). Surprisingly, however, so did Dogecoin, a meme-based cryptocurrency that is, coincidentally, also the favorite coin of the world’s richest man, Elon Musk. But, while DOGE…

Chainlink (LINK) has seen a lot of new partnerships with major companies as of late, but the newest development regarding the coin will bring yet another new use case for it. Mainly, LINK is now supported on Travala.com as a payment instrument, meaning that LINK Marines can now…

Argo Blockchain, a London-listed crypto mining firm, has started paying its CEO, Peter Wall, in Bitcoin (BTC). A press release unveiled this news on March 3, noting that this change took effect on March 1. Reportedly, this payment option is also available to other employees of…

Energy Web Token recently saw a major price surge that took it up by 50%. The surge came after the project announced the plans to make staking a possibility, as well as due to the recent listing on a popular crypto exchange, Kraken. Sound on!…

Shares of Lyft (NASDAQ: LYFT) are up more than 10% this week after the company posted a positive update to note better-than-expected demand for ride-hailing services in February.  Fundamental analysis: Outlook improved Lyft said it has seen strong demand for ride-hailing in February, with the average daily rideshare rides,…

Admiral Group plc (LON: ADM) said on Thursday that its pre-tax profit in 2020 came in better than last year. On the back of hawkish performance, the company also raised its dividend on Thursday. Admiral shares jumped 1% in premarket trading on Thursday but lost more than 3% on…

Shares of Nio (NYSE: NIO) have extended a decline this week to trade about 10% in the red. Last week, shares of the electric vehicle (EV) maker crumbled almost 17%. Fundamental analysis: Cutting production in Q2 due to chip shortage EV startup Nio said it will slash production…

Shares of Kohl’s (NYSE: KSS) are enjoying a great bull run after the company reported  better-than-expected fourth-quarter earnings and sales, indicating a robust growth in 2021. Fundamental analysis: Dividend reinstated Department store retail chain said it plans to reinstate its dividend and buy back shares after facing pressure…

Vroom Inc. (NASDAQ: VRM) said on Wednesday that its adjusted loss in the fiscal fourth quarter came in wider than expected. The company attributed the decline to the ongoing Coronavirus pandemic that has so far infected more than 29 million people in the United States and caused over half…

Splunk Inc. (NASDAQ: SPLK) published its earnings report for the fiscal fourth quarter on Wednesday that came in better than what analysts had anticipated. Splunk shares were reported about 2% up in extended trading on Wednesday. The stock now has a per-share price of £104.53 versus £119.12 at the…

T-Mobile U.S. (NASDAQ: TMUS) shares have weakened from $130 to $115.8 since the beginning of January, and the current price stands around $119. T-Mobile U.S. reported better than expected Q4 results in February and raised its 2021 guidance. Fundamental analysis: T-Mobile U.S. expects a further increase in revenues in…

Shares of Rocket Companies (NYSE: RKT) plunged over 20% today after a sudden rally in a previous session as analysts urged caution in speculative trading. Fundamental analysis: Analysts advise investors to jump ship The company faced pressure after its stock price skyrocketed over 70% on Tuesday, its best-ever trading…

VeChain (VET) price is trading about 15% higher today as buyers look eager to extend the bull run. Fundamental analysis: Investors could diversify portfolios through crypto allocation – JPMorgan The cryptocurrency market has been boosted by higher adoption and interest from institutional investors. For instance, banking titan JP Morgan…

Wendy’s Co. (NASDAQ: WEN) published its financial results for the fiscal fourth quarter on Wednesday that fell shy of Wall Street estimates. The company attributed its dovish performance to the COVID-19 crisis that continues to weigh on the fast-food chains.   Wendy’s shares tanked 4% in premarket trading on…