Stock Market

NIO Inc. (NIO) designs and manufactures high-tech electric vehicles in China. As a major player and innovator in connectivity, autonomous driving, and artificial intelligence technologies, it competes directly with Tesla (TSLA). The main value for NIO comes from its competitive positioning in the luxury electric vehicle market (especially SUVs) in China, stemming from its comparable

Take a look at some of the biggest movers in the premarket: CureVac (CVAC) – CureVac shares plunged 46.2% in the premarket after the German drugmaker reported disappointing results from a study of its experimental Covid-19 vaccine. The treatment was 47% effective in a clinical trial, compared to more than 90% for other mRNA-based vaccines

Take a look at some of the biggest movers in the premarket: Adobe (ADBE) – Adobe reported quarterly profit of $3.03 per share, 21 cents a share above estimates. The software company’s revenue also topped Wall Street forecasts and Adobe gave stronger-than-expected current-quarter guidance. Its shares rose 3.1% in premarket trading. Smith & Wesson (SWBI)

Sharing is Caring! by Kimble Charting Rising commodities prices have been all over the news for several months. The rally has been broad-based and persistent. So what could possibly derail the commodities rally? U.S. Dollar strength. King Dollar has not been so king-like over the past several months… but it is starting to show strength after double-bottoming

Step by step, life is returning to pre-Covid-19 patterns. The resumption of travel, the economic reopening and return to the workplace are all signs normalcy is resuming. However, for the businesses rolling out Covid-19 vaccines, the “opportunity” might be longer-lasting. At least this is what RBC’s Daniel Busby senses when assessing Pfizer’s (PFE) Covid-19 vaccine

Traders on the floor of the New York Stock Exchange. Source: NYSE The Federal Reserve’s signal that it is looking to step away from some of its easy policy is expected to be a dominant trading theme in the week ahead and likely for the rest of the summer. In the past week, investors repositioned

Sharing is Caring! www.flgov.com/2021/06/18/governor-desantis-wins-major-victory-to-protect-floridas-cruise-industry/ TALLAHASSEE, Fla. – Today, the federal district court in Tampa delivered a major victory for Governor Ron DeSantis against the Centers for Disease Control and Prevention (CDC) and its obstructionist No Sail Orders that have flatlined Florida’s cruise industry for over a year. Ruling in favor of Florida’s Motion for Preliminary Injunction,

If a market experiences a downturn, any outliers still thriving is tantamount to a display of strength. Apple’s (AAPL) recent performance in the Chinese smartphone market, says Evercore’s Amit Daryanani, is just that. The latest data from the region shows that in May, smartphone shipments within China were down by 30.7% year-over-year and 16.3% from

In this article JPM LEN TK NVDA C FOXA A sign is posted in front of the NVIDIA headquarters on May 10, 2018 in Santa Clara, California. Justin Sullivan/Getty Images Check out the companies making headlines in midday trading. Nvidia — Shares of Nvidia gained 2.3% after Bank of America raised its price target on

Sharing is Caring! by confoundedinterest17 Yes, it is one day after Fed officials boosted the rate on its overnight reverse repurchase agreement facility by 5 basis points to 0.05% and decided to lift the interest paid on excess reserves by 5 basis points to 0.15%. The result? Reverse Repos soared. And the 5Y30Y Treasury curve declined. Long-term

Nvidia (NVDA) CEO Jensen Huang made a strong case for the ARM merger at the Six Five Summit and CogX conference. The executive also talked about U.K. opportunities and investments. Nvidia stock jumped 4.76% on Thursday to close at $746.29.  Huang told the CogX conference that the merger would combine ARM’s CPU capabilities with Nvidia’s

Federal Reserve Chair Jerome Powell speaks during a Senate Banking Committee hearing on Capitol Hill, Washington, December 1, 2020. Al Drago | Pool | Reuters The Federal Reserve unleashed a huge repositioning in global financial markets, as investors reacted to a world where the U.S. central bank is no longer guaranteeing that its policies will

Sharing is Caring! by Charles Hugh-Smith Is inflation “transitory” in your household budget? Really? Where? The Federal Reserve has been bleating that inflation is “transitory”–but what about the real world that we live in, as opposed to the abstract funhouse of rigged statistics? Here’s a simple test to help you decide if inflation is “transitory” in

Shorting stocks can bring an investor serious profits – but there’s commensurate risk, as well. Basically, the short trader is betting that a stock will fall in price; it’s the opposite of most stock trading, in which the investor wants the shares to gain. Gaining, of course, is the risk in a short trade. There’s

In this article CCL SWBI FOXA ADBE Adobe Systems world headquarters in downtown San Jose, Calif. Lisa Werner | Moment Mobile | Getty Images Adobe — Shares of the digital cloud giant rose nearly 3% after it reported quarterly earnings of $3.03 per share. That figure beat analysts’ expectations by 22 cents, according to Refinitiv.

Sharing is Caring! www.fao.org/worldfoodsituation/foodpricesindex/en/ The FAO Food Price Index (FFPI) averaged 127.1 points in May 2021, 5.8 points (4.8 percent) higher than in April and as much as 36.1 points (39.7 percent) above the same period last year. The May increase represented the biggest month-on-month gain since October 2010. It also marked the twelfth consecutive

If you’re going to be late to the party, at least don’t fall flat on your face as you enter the room. In Thursday’s trading, shares of CureVac (CVAC) shed nearly half of their value, after the company’s Covid-19 vaccine candidate made an embarrassing late-stage entrance. Specifically, in the Phase 3 trial of CVnCoV, an

In this article FSR NVDA HNST A Nvidia logo is seen on the company’s building at an industry park on February 7, 2019 in Tianjin, China. VCG | Visual China Group | Getty Images CureVac — Shares of the German biopharmaceutical company continued to fall after it released primary efficacy results Wednesday for its Covid-19

Upstart Holdings, Inc. (UPST) is an innovative financial services company that has developed an Artificial Intelligence-powered lending platform to improve access to affordable credit in the United States. The company reported stellar earnings for the first quarter on May 11, and this triggered a market rally that saw Upstart stock climb to $170 from just

Take a look at some of the biggest movers in the premarket: Vroom (VRM) – Vroom intends to offer $500 million in convertible senior notes due in 2026. The used-vehicle e-commerce platform provider plans to use the proceeds for a variety of corporate purposes as well as investing in or acquiring new technologies. Its shares

Sharing is Caring! via Ed Driscoll: Biden’s $6 Trillion Blowout Budget Proposal Would Have Three Embarrassingly Bad Results, Study Finds. Not least of which: Deutsche Bank Issues a Terrifying Warning for America Under Biden. “The authors warned that ‘neglecting inflation leaves global economies sitting on a time bomb.’ They noted similarities between the 1970s and today.” Fortunately, President

COVID is receding and the economy is rebounding. Talk about it, and most analysts will focus on consumer spending, government stimulus, and the rise and fall of jobs numbers. These are important metrics, and they merit their headlines, but they don’t necessarily give a full picture. While the US economy is consumer based – and

Take a look at some of the biggest movers in the premarket: Oracle (ORCL) – Oracle earned $1.54 per share for its latest quarter, beating the consensus estimate of $1.31 a share. The business software company’s revenue topped estimates as well. The company forecast current-quarter profit below consensus, however, as it increases investment in its

Sharing is Caring! by Martin Armstrong QUESTION #1: It has become impossible to buy houses between $300-$500,000 in the Orlando area. From a realtor, he said that Blackrock is buying everything and they rely on a famous forecaster who said real estate is the only way to earn income. He said he heard it was someone

The price of Alfi, Inc. (ALF) shares surged 104.4% on June 15 after the company announced an agreement with All-Niter. Alfi is a technology company that offers solutions to bring transparency and accountability to the digital advertising marketplace. Per the terms of the deal, All-Niter will be responsible for the shipment and installment of the

In this article CCL NCLH GM LZB RUN KIN ORCL GM CEO Mary Barra talks with media prior to the start of the 2017 General Motors Company Annual Meeting of Stockholders Tuesday, June 6, 2017 at GM Global Headquarters in Detroit, Michigan. Photo by John F. Martin for GM Check out the companies making headlines

Sharing is Caring! By Egon von Greyerz The coming 5-10 years are likely to see asset prices decline by at least 90% in real terms. Yes stocks, bonds and property prices will in coming years collapse. But that’s not enough, the whole structure of society will also fall. There will be no or negligible pensions, there

Fisker (FSR) is one of those pre-revenue post-SPAC companies that has experience stomach-churning volatility of late. Like most SPAC peers, Fisker’s $10 reference price for its IPO was bid up to rather impressive highs. In fact, in early March, shares of FSR stock peaked at nearly $32 per share. Not a bad run for a

The Federal Reserve is not expected to take any policy actions after its two-day meeting this week, but it is likely to signal that it is thinking about them. Some economists expect the Fed to mention a coming tapering of its bond-buying program and give preliminary guidance on the discussion but not fully commit to

Sharing is Caring! by Martin Armstrong In Germany during December 1922, the last straw that broke the back of the German economy was a forced loan of 10% of all your assets. This destroyed the confidence that remained in the Weimar Republic and thereafter people withdrew the money from banks and started to convert to