Market analysis news & headlines
Latest breaking stories, features and analysis
- OPEC failed to reach an agreement about the extension of production reductions
- It warned serious challenges induced by coronavirus are likely to extend into 2021
- Crude oil prices closed over 26% higher in November but trade modestly lower in December
Features & analysis
Latest Market analysis news
Nike (NYSE: NKE) shares have advanced from $121 above $138 since the beginning of November, and the current price stands around $135. This stock has been one of the market’s biggest winners in the last several months, but the current risk/reward ratio is not good for long-term investors. Fundamental analysis: Nike has declared a $0.275/share quarterly dividend Nike shares continue to trade in a bull market, and for now, there is no signal o...
Chainlink (LINK) price is trading about 4% lower today after Bitcoin’s trip to record highs has been followed by a correction. Fundamental analysis: Platform to participate in Gitcoin Grants Round 8 Chainlink announced it will participate in Gitcoin Grants Round 8 as a matching partner to support projects that aim to enhance Ethereum infrastructure. By financing infrastructure projects and developers selected by the community, Chainlink is...
Bitcoin (BTC) price touched an all-time high on Monday to continue its impressive rally this year thanks to a surge in demand from retail and institutional investors. Fundamental analysis: Increase in institutional demand The world’s largest cryptocurrency surged over 170% year-to-date, boosted by an increase in demand for safe-haven assets as a result of unprecedented fiscal and monetary stimulus from central banks around the world, and thanks t...
Shares of Repsol S.A. (ETR: REP) moved lower at the end of the last week after the energy giant said it plans to reduce shareholder payouts as well as to sell a stake in its lower-carbon unit which slows down the company’s oil and gas output. Fundamental analysis: Dividend payouts slashed Repsol said it plans to cut its operating expenditure on oil and gas exploration and output by 15%. It is one of the first fuel companies that pledged to reduce...
Bitcoin Cash (BCH) price is trading over 5% higher to open a new week after crashing over 35% in the past week. The blockchain has once again split into two new platforms. Fundamental analysis: BCHN to win Bitcoin Cash Node (BCHN) might become the leading software of the BCH network after the latest hard fork. Crypto exchange Binance has mined the last BCH “common block”, while the first block that split the blockchain was mined by AntPool....
Shares of Unilever PLC (LON: ULVR) managed to close about 3% higher despite a plunge in the price action earlier this week. Fundamental analysis: “A seminal moment” Unilever plans to unify its dual-headed legal structure to a single mother company and exchange its Amsterdam-listed shares for Unilever PLC. The dual-headed structure of the consumer goods company will end after 90 years operating as a hybrid corporation. The decision com...
The crude oil price has advanced above $46 last trading week but continues to seesaw between covid concerns and vaccine hopes. Despite this, analysts stay “bullish” on oil, which is undoubtedly positive for stocks from the oil and gas industry. Oil price sees a quick recovery In less than 30 days, the oil price has advanced from $34 above $46, and the current price stands around $45. Oil price remains supported after a string of...
DAX Index is on its way to record the best month since April 2009 despite fresh concerns over the surging number of new Covid-19 infections in Europe. Fundamental analysis: Record borrowing amid health crisis German lawmakers said the country intends to double the borrowing it initially planned for 2021 to support businesses amid the second wave of the coronavirus pandemic. Germany’s parliamentary budget committee came to an agreement...
Software company Salesforce (NYSE: CRM) is looking to acquire Slack (NYSE: WORK) in a deal that could be announced next week. Fundamental analysis: A game-changer Salesforce is in talks to acquire Slack, according to media reports. The value of the deal remains unknown for now, however, Slack’s market value broke above $20 billion after Wall Street Journal’s report about the acquisition talks. Salesforce registered several major acquisitions over...
Crude oil prices are trading at the highest levels since March on positive news related to Covid-19 vaccine and diminishing concerns over weak demand next year. Fundamental analysis: Improving risk sentiment Crude oil prices gained on the announcements from three major drugmakers including Pfizer-BioNTech, Moderna and Oxford that the coronavirus vaccine rollouts could begin in December. “Despite a number of strong fundamentals rallyin...
Bitcoin (BTC) price rose to the highest mark in nearly three years on Wednesday before correcting lower on Thanksgiving to erase previously weekly gains. Fundamental analysis: New record highs eyed Crypto investors witnessed a strong move higher in Bitcoin price thanks to being perceived as a safe-haven against inflation and driven by expectations of mainstream adoption. The world’s biggest cryptocurrency advanced around 150% year-to-date and is...
All major cryptocurrencies have collapsed this Thursday and the ongoing sell-off is still not over. The price of Ethereum, Litecoin and Ripple is also pressured by this situation and more than $25 billion were wiped out from the market in less than 24 hours. Despite this negative news, it is important to mention that Russian Prime Minister Mikhail Mishustin said this week that the country will recognize cryptocurrencies as property, enabling thei...
Tesla (NASDAQ: TSLA) saw its market capitalization exceed $500 billion for the first time on Tuesday after the stock hit $527.48 per share. Fundamental analysis: Musk becomes the second richest person in the world Tesla stock price surged higher this week to exceed the $500 billion mark. Earlier this year, the company became the first $100 billion publicly listed American carmaker. Stock received multiple boosts this year. During thei...
Global stocks printed fresh record highs this week as Dow Jones Industrial Average (DJIA) finally surpassed the 30,000 mark for the first time in history. Fundamental analysis: Biden and vaccine sending equities higher A major breakthrough in the Covid-19 vaccine development and the fact that the U.S. has started transition to the Biden presidency paved the way for stocks to race higher. “The world is going to look a lot better this t...
Facebook (NASDAQ: FB) shares extended its correction from the recent highs above $297, registered in the first week of November but the price of the stock is still near multi-year highs. Facebook reported better-than-expected Q3 results and the company expects that the Q4 ad revenue growth will be even higher. Fundamental analysis: Facebook expects Q4 ad revenue growth rate to be higher than Q3’s rate The business of Facebook is going well...
Shares of the U.S. automaker General Motors (NYSE: GM) soared nearly 4% yesterday after the company said it will pull out of the legal battle to ban California from setting its own fuel economy standards. Fundamental analysis: All-in on EV The company sent a letter to environmental groups to inform them about the decision to drop support for the lawsuit. Instead, CEO Barra said the carmaker will support efforts of president-elect Joe...
Silver price is trading over 3% lower this week to test the key short-term support near the $23 mark. Fundamental analysis: Silver price may go up in 2021 Silver has performed differently during various recessions and bear markets throughout history. For example, during the stagflation crisis between 1976-78, the S&P 500 declined by 19.4% while silver rose by more than 15% during that time. Furthermore, during the financial crisis betwe...