Lucid Stock Dropped After SEC Subpoena
The stock started the week with losses, following the news that it had received a subpoena by the US Securities and Exchange Commission (SEC)
The stock started the week with losses, following the news that it had received a subpoena by the US Securities and Exchange Commission (SEC)
US30 FXCM's Dow Industrials proxy, the US30, is showing signs of support. The green short moving average is above the slower orange moving average (blue rectangle). The stochastic is also showing a growing momentum and has moved above 80 (aqua arrow). The longer the stochastic stays in this area the great the likelihood of a swing movement in the US30. Past Performance: Past Performance is not an indicator of future…
This has been volatile week, which ended with solid NFPs from the US, while Omicron developments, renewed hawkish commentary from the Fed, OPEC+ and corporate activity were in the spotlight
This week we saw M&A news, with Australian firms in the spotlight, while Didi’s delisting announcement, Nvidia and Facebook regulatory scrutiny, were some of the themes that also stood out.
The robust equities market of 2020 and 2021 brought a rush of fresh initial public offering (IPO) listings to Wall Street. Nearly every sector was represented in the bonanza, including offerings from the cryptocurrency, technology, and manufacturing spaces. Of all tech companies that planned to make their 2021 market debuts, the Databricks IPO garnered extensive fanfare and coverage. What Is Databricks? Founded in 2013, Databricks is self-described as being "the…
Stock Price Performance Amazon has been a star performer over the last five years. The holding period return is an astounding 330%, from $790 to the current price of $3,400. The yearly returns are as follows: 2017: 53% 2018: 28% 2019: 14% 2020: 72% 2021*: 5% Past Performance: Past Performance is not an indicator of future results. Return on Equity During this period, the company increased its return on equity…
The US Federal Trade Commission (FTC) sued on Thursday, to block Nvidia Corp.’s $40 billion acquisition of U.K. chip designer Arm Ltd
According to Bloomberg, Apple Inc (AAPL) has told its suppliers that demand for its iPhone13 has slowed. The company cut production by as many as 10m units due to the global chip shortage. However, the remaining orders are now also under pressure, given this slump. The holiday season is Apple's biggest quarter. Given these developments, turnover will become a key focus for short-term prospects. We ran a Monte Carlo discounted…
The two Chinese Electric Vehicle (EV) makers released today their deliveries for the month of October, not long after they had provided their quarterly results for the third quarter
Weekly Chart The NAS100 weekly chart retains its bullish bias. The shorter-term green moving average is above the mid-term orange moving average, and the mid-term orange moving average is above the longer-term red moving average. This is a bullish formation. Since shortly after the pandemic lows, the index stochastic has also oscillated around its 70th percentile (aqua rectangle), suggesting the presence of underlying bullish momentum. This matched with index appreciation…
The social media giant, now named Meta, was instructed by UK regulator to divest the popular GIF platform, GIPHY
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