Category Archive: Finance
USD/CAD Bounces Back To 1.3700 After Weak Canadian Retail Sales Data
Photo by Michelle Spollen on Unsplash USD/CAD recovers to near 1.3700 as the Canadian Retail Sales surprisingly contracted by 0.1% in March. Weak Retail Sales data would prompt expectations of early rate cuts by the BoC. The US Dollar struggles for a strong recovers due to weak S&P Global PMI report for April. The USD/CAD pair witnesses strong buying interest […]
GBP/USD Price Analysis: Poised To Resume Downtrend, Despite ‘Morning Star’ Formation
Image Source: Unsplash GBP/USD dips slightly as higher US Treasury yields bolster the US Dollar, following upbeat US data. Technical analysis shows GBP/USD at a pivotal point, with the potential to rise toward 1.2500 if it breaks past the April 23 high of 1.2458. Key downside risks include a retreat to 1.2400 and possibly further to […]
Is Enphase Stock Worth Buying On Post-Earning Dip?
Image Source: Unsplash Enphase reported disappointing earnings for its fiscal Q1 last night. Guggenheim analyst warns the solar stock could tank further from here. Enphase stock is down about 20% versus its year-to-date high at writing. Enphase Energy Inc (ENPH) has lost about 20% in just over two months but a Guggenheim analyst warns it has […]
Assessing The Limit Of Tesla’s Rally
Image Source: UnsplashI am highly confident this is the extent of the Tesla (TSLA) rally. I truly wish the company a great future, but I believe it will be years, perhaps many years, before it works its way through all that overhead supply.More By This Author:That’s Prolly About ItLet This Be Your Last BattlefieldTesla Price Sequel
Tesla Rebounds On Musk Promises With No Details, It Won’t Stick
Image Source: PexelsElon Musk delivered a terrible quarter and tries to appease Tesla (TSLA) investors with more hype. Tesla chat courtesy of StockCharts.Com, annotations by MishSpotlight Elon MuskThe Wall Street Journal comments Elon Musk Needs Cheaper Teslas to Pay for Everything Else He Wants Tesla on Tuesday announced something totally unexpected from a company run by Elon Musk: […]
Humana Stock Drops Over 5% As Firm Pulls Guidance
Image Source: UnsplashHealth insurance giant Humana Inc. (HUM) saw its stock price plummet by more than 5% on Wednesday after the company withdrew its financial guidance for the year 2025. The decision to pull the guidance was attributed to uncertainties surrounding federal rate adjustments for Humana’s core Medicare Advantage business, which plays a crucial role in the company’s […]
Futures Rise For Third Day As Tesla, Texas Instruments Surge Boosts Tech Stocks
Equity futures rose for the third day in a row – last week’s brutal drubbing a distant memory – with tech outperforming as Tesla soars premarket after Elon Musk vowed to launch less-expensive vehicles as soon as late this year while Texas Instruments jumped 7% after it forecast revenue above the average analyst estimate. The tech rally has […]
BTC/USD Forex Signal: Bitcoin Has Upside Amid A Risk-On Sentiment
Bullish view Buy the BTC/USD pair and set a take-profit at 68,630. Add a stop-loss at 64,630. Timeline: 1-2 days. Bearish view Set a sell-stop at 66,000 and a take-profit at 64,000. Add a stop-loss at 68,630. Bitcoin price remained in a tight range on Wednesday morning even as the risk-on sentiment continued. The BTC/USD pair […]
Microchip Technology’s Aviation Push And AI Deal Propel Shares Higher
Microchip Technology stock rallies on new electric aircraft power solution and AI acquisition.Microchip Technology Inc. (MCHP) is seeing its stock rally in pre-market trading Wednesday, up 3.49% at $89.20, following the announcement of a new integrated actuation power solution for electric aircraft and following the recent acquisition of Neuronix AI Labs. The company closed Tuesday at $86.19, up 3.18%. Microchip […]
USD/CAD Analysis: Sentiment Getting Tested As Known Values Reemerge
The USD/CAD is trading again near values it traversed two weeks; this as behavioral sentiment now awaits major U.S data this Thursday and Friday. The USD/CAD is near the 1.36775 mark as of this writing, this after the currency pair has managed to sustain lower increments attained in early trading this morning. The USD/CAD is […]
