Market Analysis news

Under Armour (NYSE: UAA) shares have weakened from their recent highs despite better than expected first-quarter results. The U.S. stock market is losing some ground this Tuesday, which also negatively influences Under Armour shares. Fundamental analysis: Under Armour shares are not undervalued Under Armour is an American sports equipment…

Litecoin (LTC) is enjoying steady bullish momentum, and for now, everything indicates that the price could advance again above $300 resistance. Fundamental analysis: Litecoin could be one of the best performers in the upcoming days The cryptocurrency market is advancing in the first trading days of May, Ethereum went…

Wall Street’s three main indexes remained under pressure on Friday even though mega-cap companies mainly posted strong earnings in the first quarter. The Dow Jones and the Nasdaq weakened on a weekly basis while the S&P 500 was about flat. Amazon, Apple, Alphabet, and other tech-related companies posted better than…

Ethereum was one of the best performers on the cryptocurrency market last month, and the price of this cryptocurrency has advanced from $1922 above $2800 in April. The current price stands around $2940, and according to digital assets investment guidance provider Two Prime, Ethereum is still undervalued. Fundamental analysis: The…

The German DAX weakened last week as investors remain concerned after data showed the eurozone entered into a second technical recession in the first quarter of the year. The euro area’s quarterly gross domestic product fell 0.6% in the first quarter following a 0.7% drop in the prior quarter.

McDonald’s shares advanced after the company reported better than expected first-quarter results and closed the week at $236,08. Fundamental analysis: UBS raised its price target from $240 to $255 Even with the COVID-19 pandemic, this company’s business is going well, and McDonald’s reported better than expected first-quarter results last week.

The cryptocurrency market is advancing this Friday, and this situation also supports the price of Ripple, Bitcoin Cash, and Stellar. Bitcoin is trading above the $57,000 level, and for now, everything indicates that the price could advance again above $60,000 resistance. The cryptocurrency market continues to attract institutional investors, and…

Amazon shares have advanced above $3500 after better than expected first-quarter results, and according to the technical analysis, shares of this company could advance even more. Fundamental analysis: Amazon’s business continues to grow rapidly Amazon’s business continues to grow rapidly, and the company has become a supply channel for many…

Fantom (FTM) has advanced from $0.42 above $0.77 this April, and the current price stands around $0.71. The daily volume of FTM remains high, and this cryptocurrency continues to trade in a bull market. Fundamental analysis: HyperChain Capital announced a $15 million investment into Fantom Fantom is an open-source…

Polygon (MATIC) has advanced from $0.37 above $0.90 since 26th April, and the current price stands around $0.85. Fundamental analysis: Polygon has launched a $100 million fund to improve the accessibility of DeFi Polygon (MATIC) has exploded since 26th April, and this cryptocurrency continues to trade in a bull market.

Gold has advanced from $1705 above $1790 since the beginning of April, and the current price stands around $1768. The price of this precious metal still remains under pressure, but rising inflation worries could help Gold to advance again above $1800 resistance. Fundamental analysis: Rising inflation worries could help Gold…

Bitcoin (BTC) price is up over 86% year-to-end (YTD) as investors moved to price in the higher adoption of cryptocurrencies and the underlying blockchain technology Tesla pioneering EVs, and crypto adoption as well Bitcoin and cryptocurrency are having a good one. It’s been hard to keep up with the…

Nokia reported better than expected first-quarter results this Thursday, shares have stabilized above the $4 support level, and the company seems well-positioned for earnings growth in the upcoming period. Fundamental analysis: Nokia is well-positioned for earnings growth Nokia Corporation is a Finnish multinational telecommunications, information technology, and consumer electronics company…

Microsoft (NASDAQ: MSFT) shares have weakened from their record highs above $260, and the current price stands around $254. Microsoft reported better than expected third-quarter results this Tuesday, and according to the technical analysis, shares of this company continue to trade in a bull market. Fundamental analysis: Microsoft reported…

Tezos (XTZ) has advanced from $4.7 above $7.5 this April, and the current price stands around $5.20. Fundamental analysis: Ethereum tokens will be available on Tezos Tezos is an open-source platform for assets and applications which is designed to provide safety and code correctness. This platform is supported by…

The crude oil price is advancing this Tuesday after the news that OPEC could allow boosting oil output slightly from May 1. The price of crude oil continues to trade above the $60 support level, but rising Covid-19 cases and new restrictive measures in some parts of the world could…

Shares of Tesla (NASDAQ: TSLA) have opened modestly lower today despite the EV company reporting better-than-expected profit and sales for Q1. Fundamental analysis: Record income and deliveries   Elon Musk’s company earned $0.93 per share to easily top the $0.79 expectations from the market analysts. Similarly, sales were reported at…

Intel (NASDAQ: INTC) shares have weakened from $68.49 to $57.90 since 12th April, and the current price stands around $58.80. Intel reported solid first-quarter results last week, but the Bank of America retained a bearish view on Intel. Fundamental analysis: Bank of America retained a bearish view on Intel Intel…

Shares of Philips (AMS: PHIA) have plunged nearly 4% today despite the Dutch company reporting very strong first-quarter sales. Fundamental analysis: Robust sales pave the way for a hike in 2021 guidance  Philips reported revenue of €3.8 billion ($4.6 billion) for its first quarter to mark a 9% growth…

Wall Street’s three main indexes ended higher on Friday as companies continued to report strong first-quarter earnings. Despite this, the Dow Jones, the S&P 500, and the Nasdaq weakened on a weekly basis as investors remain careful after the news about capital gains tax. The U.S. President Joe Biden is…

The cryptocurrency market is advancing this Sunday, Bitcoin has stabilized around the $50000 price level, but investors should have in mind that the risk of another decline is still not over. Zilliqa, UMA, and Monero’s prices weakened from the recent highs registered in April, but these three cryptocurrencies still remain…

AT&T (NYSE: T) shares have advanced more than  9% since the beginning of January 2021, and the current share price stands around $31.40.  AT&T reported better than expected Q1 results last week, and according to the technical analysis, shares of this company remain in a buy zone. Fundamental analysis: AT&T…