CashNews.co Rising oil prices are weighing on the refining business as higher input costs squeeze margins. Additionally, a slowdown in oil production growth is likely to reduce profits from the upstream operations of integrated energy companies. The increasing demand for renewable energy is also casting a shadow over the future of the Zacks Oil & Gas […]
CashNews.co The semiconductor sector, which was riding high on the expansion of artificial intelligence (AI) applications, faltered on the fading AI craze and tech sell-off in August and weak demand from China. However, the new monetary easing era led to a rally in semiconductor stocks over the past month. VanEck Vectors Semiconductor ETF SMH, iShares […]
CashNews.co The most recent trading session ended with NIO Inc. (NIO) standing at $5.23, reflecting a +1.75% shift from the previouse trading day’s closing. The stock’s performance was ahead of the S&P 500’s daily loss of 0.05%. Elsewhere, the Dow lost 0.02%, while the tech-heavy Nasdaq added 0.18%. Coming into today, shares of the company […]
CashNews.co The most recent trading session ended with Bloom Energy (BE) standing at $9.73, reflecting a -1.42% shift from the previouse trading day’s closing. This change lagged the S&P 500’s daily loss of 0.05%. Meanwhile, the Dow lost 0.02%, and the Nasdaq, a tech-heavy index, added 0.18%. The the stock of developer of fuel cell […]
CashNews.co The Zacks Internet – Delivery Services industry participants like GoDaddy GDDY, MakeMyTrip MMYT, QuinStreet QNST and Asure Software ASUR are strategically positioned for growth due to their sustained efforts toward adopting changing consumer preferences. A greater Internet presence in emerging markets, a burgeoning affluent middle class and the accelerated uptake of smartphones are set […]
CashNews.co Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock’s price, do they really matter? Let’s take a look at what these Wall Street heavyweights have […]
Cash News Elon Musk’s ventures into cryptocurrency are raising eyebrows once again. Blockchain analytics firm Arkham Intelligence reported that Tesla recently moved about $765 million worth of Bitcoin to unidentified wallets. This massive transfer has sparked a flurry of speculation. What’s Tesla planning next? Will they sell or is there something else at play? Tesla […]
Cash News The cryptocurrency market has made a solid rebound this month. Bitcoin (BTC), the worldâs most popular cryptocurrency, especially has had an impressive run over the past couple of weeks. Bitcoinâs recent rally is being powered by the Federal Reserveâs recent rate and the approaching U.S. presidential election that has raised optimism surrounding riskier […]
CashNews.co Coinbase Global Inc COIN shares are trading at a premium to the Zacks Financial Transaction Service Market. Its 12-month forward price-to-earnings of 96.60X is much higher than the industry average of 24.12X, the broader sectorâs 25.59X and the Zacks S&P 500 compositeâs 22.27X. Its Value Score of F suggests that the stock is not […]
Cash News The cryptocurrency market is staging a solid comeback, with Bitcoin (BTC) on track to hit $70,000 after falling below $60,000 last month. The Federal Reserveâs jumbo rate cut announcement in September amid the upcoming U.S. election has raised optimism surrounding riskier assets, especially tech stocks and cryptocurrencies. Given this scenario, it would be […]