stockmarket
Silver price has staged a strong comeback in the past few days as investors continued to buy the dip. It has risen in the past five days straight and the movement is gaining momentum. It jumped to $30.50 on Wednesday, its highest point since June 21st. Commodities are soaringSilver’s rally has also triggered a big movement in exchange-traded funds (ETF) that track the metal like the iShares Silver Trust (SLV), abrdn Physical Silver Shares (SIVR), and Global X Silver Miners ETF (SIL). The metal’s jump also coincided with the ongoing recovery of other commodities. Gold, the best-known precious m...
Invezz
Jeff Bezos has disclosed a plan to sell 25 million additional shares of Amazon.com Inc., valued at approximately $5 billion. This announcement coincided with Amazon’s stock reaching a new record high of $200 per share. The notice, filed after market closure on Tuesday, indicated that sales could commence immediately. This latest move follows Bezos’s sale of shares worth about $8.5 billion over nine trading days in February, marking his first disposal of company stock since 2021. Combined with the February sales, the upcoming transaction will bring his total share sales for the year to roughly ...
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Meta’s Threads, launched a year ago, now boasts 175 million active users and is positioned as a potential rival to Elon Musk’s X. With high-profile endorsements and a blend of text, images, and videos, Threads aims to offer a more brand-friendly alternative to the traditional social media landscape. Twenty five million user added in the last three monthsSince its launch on July 5, 2023, Threads has experienced rapid growth. Initially, it attracted millions of users overnight, including celebrities, politicians, Instagram users, and corporate brands. Meta CEO Mark Zuckerberg recently announced ...
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Koss Corp (NASDAQ: KOSS) soared a whopping 80% this morning as meme stock traders flocked back into shares of the headphone maker. There hasn’t been an announcement, news, filing, or an analyst call that may have contributed to such a massive surge in KOSS share price on Wednesday. At the time of writing, Koss stock is trading at $8.0 – up sharply versus its low of $2.33 in late April. Roaring Kitty is keeping meme stock rally aliveInterest in the meme stocks has rekindled in recent days as Keith Gill or “Roaring Kitty” loaded up on shares of Chewy Inc shortly after disclosing a multi-million-...
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On Wednesday, Piper Sandler included Qualcomm (NASDAQ: QCOM) as one of the stocks with the most extreme upside in Q2 2024, placing it among the top performers in their Portfolio Strategy report. Despite some broader market challenges, Qualcomm’s standout performance has been driven by a significant number of factors, suggesting robust growth potential. Q3 earnings outlookQualcomm’s upcoming Q3 2024 earnings report is eagerly anticipated, with an announcement date set for July 31, 2024. The market is looking forward to seeing if the company can meet or exceed the expected EPS of $1.79 and reven...
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In the last two years, the groundbreaking development of generative AI has made its mark on almost every sector of the economy. It can write computer code, create texts and images, and even act as your personal assistant. Since US tech still dominates the global space, we tend to hear a lot about their latest developments. What we often don’t see or hear about is the contribution of its closest rival: China. If you go back to the 5G race during the last decade, it was a clear turning point for China-US rivalry. While US and Europe dominated the setting of telecom standards, along came China an...
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ValueWalk
Electric vehicle (EV) stocks have stabilised in the past few weeks as investors started to buy the dip after most of them crashed by double-digits this year. Therefore, an important development in the industry has led analysts to predict a comeback in some popular names. Tesla stock has surgedThe important news in the EV industry that could affect the likes of Lucid Group, Rivian, Polestar, and XPeng is the ongoing recovery of Tesla shares. Tesla jumped by almost 10% on Tuesday and reached its highest point since January 10th. It has now risen by over 66% from its lowest point this year, a spe...
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Over 5% of Warren Buffet’s portfolio comprises of Chevron (CVX) stock. He even added to his position in 2023. That in itself is a good reason why one should buy the stock. But the valuation you buy a company at is what determines your returns in the long run. Just because a company is in someone’s portfolio doesn’t automatically make it a good investment. Having said that, Chevron, at its current price, is a great stock to add to your portfolio. Let’s dive in to the reasons why Chevron deserves a place in your stock portfolio. Higher oil pricesAs we saw last month, OPEC considered extending th...
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Shares of Annovis Bio Inc (NYSE: ANVS) more than doubled on Tuesday after the biotech firm reported positive late-stage data for buntanetap. Buntanetap is the candidate treatment of ANVS for Parkinson’s disease. At the time of writing, Annovis stock is trading at $10.50 – still down some 45% versus the start of 2024. What does the data mean for Annovis stock?Buntanetap was shown to be effective in improving motor and nonmotor activities in a Phase 3 trial. It helped patients of Parkinson’s with overall cognitive function as well. Maria Maccecchini – the chief executive of Annovis Bio said in a...
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