Still trading in the dog house, Intel (INTC) closed below $20.00 on Monday. The firm unveiled a new set of processors for gaming laptops. At CES 2025, Intel announced the Intel Core Ultra 200V, Ultra 200U, Ultra 200HX, and H series. The latter two models have better performance and efficient cores. Intel is targeting the…
On Monday’s trading session, Nasdaq (QQQ) opened on strong relative volume. Although the technology-heavy index topped 20,000, it closed up by 1.24%, or at 19,865. The annual Computer Electronics Show (CES) in Las Vegas created a bullish sentiment. Traders may create enough momentum to erase last week’s losses. Nvidia (NVDA) gained 3.43%, setting up a…
On Monday, Axon Enterprise (AXON) fell by 5.05%. The stock struggled to sustain its breakout at above $600. AXON stock is consolidating to lower prices after returning 130.1% in the last year. Although it is not likely, sellers could test the 200-day simple moving average at around $400.00. In the third quarter, Axon grew its…
Canadian stocks briefly rallied on news that Prime Minister Justin Trudeau has resigned. The Toronto Stock Exchange gained 0.1% before paring that increase and finishing the trading day down a slight 0.29% at 24,999.79, not far from the benchmark index’s all-time high. The Canadian dollar rose 0.5% to 1.4373 against the U.S. greenback on news…
Dell Technologies (DELL) may end its downtrend after the firm announced a marketing update. The desktop and laptop supplier will rebrand its products to embrace AI. Dell wants to rebrand its XPS, Latitude, and Precision models. It will replace them with the Dell, Dell Pro, and Dell Pro Max. For over a decade, consumers and…
Inflation across Europe rose for a third consecutive month in December to reach an annualized 2.4%, according to statistics agency Eurostat. The December reading was in line with the consensus forecasts of economists polled by the Reuters news agency and marked an increase from 2.2% in November. Core inflation remained unchanged at 2.7% for a…
Ryan Specialty (NYSE: RYAN) shares gained Tuesday, as the leading international specialty insurance firm announced it has signed a definitive agreement to acquire Velocity Risk Underwriters, LLC from funds managed by Oaktree Capital Management, L.P. Based in Nashville, Velocity is a leading managing general underwriter providing first-party insurance coverage for catastrophe exposed properties and will…
The stock of Fubotv (FUBO) rose an astonishing 250% in a single trading session on news that the company has struck a content deal with the Walt Disney Co. (DIS). Disney will combine its Hulu+ Live TV service with Fubotv, merging two internet TV bundles, the companies announced jointly. Disney will become majority owner of…
UBS believes that the big six firms, by market capitalization on the S&P 500 (SPY) index are relatively cheaper. The firm reasoned that Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL), Meta Platforms (META), Nvidia (NVDA), and Microsoft (MSFT) may extend its valuation from here. The six firms account for over 30% of the index. This is…
Within a few weeks, investors will have a clearer idea of Trump’s tariff plans. To get ahead of tariff increases, consider a defensive strategy. Investors may buy defensive stocks in iron ore and gold to protect against inflation in the next 12 to 18 months. Gold exchange-traded funds (GLD) and iron ore both performed well,…
