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TD Cowen has maintained an Outperform rating for Nvidia. The analyst team has increased its price target from $600 to $700 per share. This represents close to a 50% premium from current price levels and suggests a strong growth story behind artificial intelligence and its development.
The DAX is benefitting from the pullback in yields, as a risk-on sentiment tries to take hold. To this end, FXCM’s GER30 is showing signs of positivity.
Rivian (RIVN.us) shares remain under pressure with its price candlesticks below its black 30-week EMA and the EMA turned down. Its weekly RSI is also below 50 (green rectangle), suggesting a negative underlying momentum.
Watch today’s US Open for insights on the Hamas-Israel conflict and its impact on oil prices, timid Fed speak that helps Wall Street, the new earnings season and more
In a previous article we suggested that the NAS100 had a downtrend bias to it. Price action has evolved to a point where it seems that a descending triangle (green trendlines) has charted on the weekly time frame. Assuming this to be the case, a breakout or breakdown from the pattern will have bullish or bearish implications.
The flare up in Middle East violence sparked risk-off mood, but SPX500 overcomes it, with the help of dovish Fed commentary, as markets now turn to the new earnings season and the inflation update
JPMorgan Chase & Co. (JPM.us) is set to lead the charge as the third quarter earnings season for the banking sector commences on October 13th, right before the market's opening bell. Joining the ranks on the same day are Citigroup Inc. (C.us) and Wells Fargo & Co. (WFC.us), who will also unveil their financial results.
Oil prices rise and stocks of energy giants get a boost, while those of major airliners drop, after Palestinian group Hamas launched a multi-pronged attack on Israel, reigniting conflicts in the Middle East
On Thursday Tesla (TSLA.us) cut its prices on its Model 3 and Model Y vehicles in the US.
Netflix is planning to raise prices when the current actors strike ends. The Wall Street Journal reported on Tuesday that the company will raise the price of its ad-free streaming tier at the conclusion of the strike. The amount of the increase is as yet undecided but is likely to be similar to competitor pricing. This comes off the back of Netflix focusing on initiatives such as the ad free…
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