After a historic day in which crude oil prices (May future contracts) were pushed into the negative territory, the selloff in oil continues as the price of “black gold” – the June contract – trades around the $16 mark, around 22% lower today. Fundamental analysis: Catching a falling knife Crude…
Shares of Disney (NYSE:DIS) trade around 3% lower in New York today after UBS downgraded the stock from “buy” to “neutral” as concerns over the company’s park segment are mounting. Fundamental analysis: The eye of the stormIn a note titled “The Eye of the Storm”, UBS analyst John Hodulik downgraded…
Shares of Premier Foods (LON:PFD) skyrocketed today after the food producer said it expects to report sales surge for the first quarter amid the coronavirus lockdown that prompted panic buying.Fundamental analysis: First quarter sales jumpThe UK-based Premier Foods said in the trading update that it expects its UK…
Crude oil price trades around 27% lower to trade at levels below the $14 mark for the first time since early 1999 as supply is hitting record highs, while demand may reach the lowest levels since 1985, according to the International Energy Agency (IEA). Fundamental analysis: Storage runs outCrude oil…
The COVID-19 outbreak has seen many investors running for the exits. In the space of just a few days, the Dow Jones stock index printed a series of huge one-day losses on March 09, 12, and 16, when the Dow plummeted 12.93% in a single day, topping the…
Crude oil price hit a new 18-year low this week as investors continue to punish OPEC+ countries for failing to meet their expectations in the size of the production cut. A claim from a group of analysts that Saudi Arabian oil exports to the U.S. more than doubled made waves…
UK Chancellor Rishi Sunak is working on a fresh business bailout scheme to support larger UK companies. In the meantime, the FTSE 100 closed the week only 0.95% lower, despite trading as much as 4.5% down over the course of the week. Fundamental analysis: Sunak to aid larger companiesAfter unveiling a…
The coronavirus lockdown has proved to be disastrous news for property markets all over the planet. London has been no exception. Prices here have fallen and estate agents have seen their commissions fall through the floor. We can see an example of the effect this is having in Foxtons PLC…
Shares of Uber (NYSE:UBER) opened more than 6% higher on Friday after the company said it is withdrawing its financial guidance for 2020. The ride-hailing giant also said it will write down about $2 billion in investments, as the coronavirus outbreak facilitates great impact on its business.Fundamental analysis: Investors…
Shares of Apple (NASDAQ:AAPL) are trading nearly 3% lower on Friday, after Goldman Sachs (NYSE:GS) downgraded the stock to sell, and cut its price target to $233 from $250.Fundamental analysis: Goldman expects deeper reduction in demandGoldman’s analysts, led by Rod Hall, said they expect a “far deeper reduction…
Shares of Netflix (NASDAQ:NFLX) have surged to a record high this week as the streaming giant continues to receive bullish recommendations from Wall Street. Fundamental analysis: Everyone is bullishAnalysts from Goldman Sachs, Morgan Stanley, and J.P. Morgan have all issued a “buy” or “overweight” rating on the Netflix stock as…
Gold price has been on a tear in April, trading 9% higher in the first two weeks of the month. A respected market analyst now believes that the yellow metal can go as high as $2,000 this year on a specific bullish chart pattern that it had developed over the…
Shares of Best Buy (NYSE:BBY) are trading more than 6% lower today after the retailer announced it will furlough about 51,000 hourly employees, starting Sunday. Fundamental analysis: Business updates related to novel coronavirus (COVID-19)Best Buy said it will furlough about 51,000 hourly employees as its stores continue to be closed,…
Shares of Tesla (NASDAQ:TSLA) have surged 13% today after Credit Suisse upgraded its stock from “underperform” (sell) to “neutral” (hold), an important signal for those looking to invest in shares. With today’s gains in the early New York trading session, shares of the electric car maker have…
USD/JPY has lost around 2% in the past few days after it failed to move above the $109.40 resistance. In the meantime, Bank of Japan (BoJ) is considering new measures to ease corporate funding strains and inject more funds into companies.Fundamental analysis: BoJ considering a set of new measuresReuters…
Shares of Caterpillar (NYSE:CAT), the heavy machinery giant, plunged 9% today after the Bank of America downgraded Caterpillar’s stock due to the company’s exposure to the energy industry.Fundamental analysis: Sell CAT stock, warns analystBank of America analyst Ross Gilardi downgraded the Caterpillar stock from “neutral” (hold) to “underperform” (sell),…
Shares of Ford Motor (NYSE:F) plunged 5% on Monday after the carmaker issued a warning that it expects an adjusted pretax loss of around $600 million for the first quarter. Fundamental analysis: Revenue expected to decrease by 16%Ford said it is still too early to report accurate Q1 numbers, but…
Shares of Air France-KLM Group (EPA:AF), made modest gains this week, while the French airline is engaged in talks with the French government over an emergency multi-billion funding to survive the ongoing crisis. Fundamental analysis: Air France asks government for supportThe national airline of France has requested several billions of…
GBP/USD managed to erase all gains from the previous week after it closed 1.5% higher this week. The pair has now activated a bull flag formation that is projected to take the sterling above the $1.30 handle. Fundamental analysis: Dollar under pressure from FedThe U.S. dollar felt another wave of intense…
As is the case in the UK, the American property market has come to a dramatic halt. With lockdown measures in place and the economy frozen, virtually no one is buying or selling right now.The situation has been made worse by the gloomy employment figures. In the US, three weeks…
Shares of United Airlines (NASDAQ:UAL) gained more than 37% this week as the carrier attempts to stage a recovery after the stock price lost 80% of its value in around two months.All major U.S. carriers received a boost from the Treasury Secretary Steven Mnuchin, who said that the administration will…
EUR/USD has gained around 1.3% this week as the Eurozone finally managed to approve a 540 billion euros stimulus package to fight the consequences of the COVID-19 outbreak and national lockdowns. Fundamental analysis: Agreement reached, investors not convincedOn late Thursday night, EU finance ministers clapped via the video link, as they…
Crude oil price has been extremely volatile today as investors await news from the crucial meeting between OPEC and Russia that is expected to result in an agreement to cut oil production in order to boost oil market price. Fundamental analysis: New agreement possible Crude oil price jumped to above…
Shares of Starbucks (NASDAQ:SBUX) are trading around 1% higher today despite expectations that its fiscal second-quarter earnings will drop by 46% amid the COVID-19 outbreak. Fundamental analysis: Worst is still to come, warns Starbucks Starbucks said last night that it expects to earn $0.32 per share for its fiscal…
Since its launch, the crypto space has been reeling in adopters from all walks of life. Keen to leverage the benefits of cryptocurrencies, renowned celebrities also began hopping on to this bandwagon to avoid being left out. While most celebrities shied away from supporting the crypto industry at first,…
