Stocks to Watch News Corp (NWS US)$News Corp-B (NWS.US)$ Daily Chart - [BULLISH ↗ **] NWS US is holding above support at 29.1 and we expect price to push towards 35.14 resistance level. A daily candlestick close above 35.14 will push price higher to the next resistance at 38.0. Technical indicators are advocating for a bullish scenario as well, with the MACD starting to show a buildup in positive momentum. Alternatively: A daily candlestick c...
The stock market showed caution with a slightly declining S&P 500, following Fed Chair Powell's testimony to the Senate, where he indicated that interest rates likely won't need significant adjustments due to a strong economy. Powell even mentioned that the "natural rate" of interest, a theoretical optimal level, might be higher than previously thought, suggesting potential for further rate stability. To round out the day, Elon Mu...
Portfolio diversification is the strategy of spreading investments across different assets, sectors, industries, and geographical regions to reduce the overall risk of the portfolio. The idea is that by holding a variety of investments, the overall performance of the portfolio will be less dependent on the performance of any single investment, reducing the risk of large losses. Why is Portfolio Diversification Important? 1. Risk Reduction: Diversification...
Morning Movers Gapping up $Palantir (PLTR.US)$experienced a 14.2% surge in stock price after announcing an upward revision to its full-year revenue forecast alongside strong third-quarter results. $DuPont (DD.US)$'s shares increased by 2.6% following a raised profit forecast for the full year, driven by exceeding third-quarter earnings expectations and robust demand in electronics and AI technology. $Boeing (BA.US)$saw a 1...
Morning Movers Gapping up $Pfizer (PFE.US)$stock increased by 3.4% following a Bloomberg report that activist investor Starboard Value acquired approximately $1 billion in shares of the pharmaceutical giant, aiming to drive a turnaround for the company. $Hims & Hers Health (HIMS.US)$saw its stock rise by 5.4% after it was announced that the telehealth company would be joining the S&P SmallCap 600, replacing Vector Group, the...
Morning Movers Gapping up $Advanced Micro Devices (AMD.US)$stock increased by 7.5% after the chipmaker raised its 2024 artificial intelligence chip sales forecast by $500 million and noted that supply constraints would persist through 2025. $NVIDIA (NVDA.US)$stock climbed 6.6%, buoyed by AMD's positive results and a 'Top Pick' reassignment from Morgan Stanley following a recent sharp decline in the chipmaker's stock due to a...
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