ADVFN US – Market Content Editor
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Crypto This Monday: Ferrari Will Expand Crypto Payments, Controversy With New KYC Hook on Uniswap v4, and More
Bitcoin rising monday morning on ETF approval hopes Bitcoin (COIN:BTCUSD) experienced an increase on Monday as hopes grow that a Bitcoin exchange-traded fund (ETF) may be approved soon. The price of Bitcoin rose above $28,000, reversing the losses from the previous week. The SEC’s decision not to appeal the Grayscale’s legal reversal to turn their…
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Earnings Optimism May Generate Early Buying Interest
US Market The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to move back to the upside following the pullback seen over the two previous sessions. The upward momentum on Wall Street may reflect optimism about the strength of corporate results as earnings season starts to pick…
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Keep An Eye Out: Pre-Market Movers And Analyst Recommendations
Don’t Trade Without Seeing The Orderbook Here are some of the biggest premarket U.S. stock movers today: Rite Aid (NYSE:RAD) stock rose 4.5%, rebounding after Friday’s 17% drop, after the drugstore chain filed for Chapter 11 bankruptcy and announced it has received a commitment for $3.45 billion in new financing from some of its lenders.…
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North American Morning Briefing: Middle-East Conflict, Earnings Caution Weigh on Mood
Market Wraps Watch For: Canada Wholesale Trade for August; Canada Manufacturing Survey for August Today’s Top Headlines/Must Reads: – A Recession Is No Longer the Consensus – If the Economy Is So Strong, Why Are Consumer Stocks Tanking? – Home Sales on Track for Slowest Year Since Housing Bust Opening Call: Stock futures were modestly…
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US Futures, European Stocks Rise
U.S. futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average rose 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.2% in morning trading. Atos climbed 8.2% and Bank Polska Kasa Opieki rose 7.7%. On the other…
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Top Company News of the Day: News Corp, Albemarle, Rite Aid, Evergrande
Activist Builds News Corp Stake, Plans to Seek Changes Starboard believes the media company trades at a significant discount due to its structure. Albemarle’s $4.16 Billion Lithium Bet Scuttled by Australia’s Richest Person U.S. company cites difficulty of completing deal for Liontown Resources after Gina Rinehart bought large stake Rite Aid Files for Bankruptcy, Undone…
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Nasdaq Extends Yesterday’s Pullback But Dow Inches Higher
Stocks moved mostly lower over the course of the trading on day on Friday, extending the pullback seen during Thursday’s session. The tech-heavy Nasdaq showed a steep drop on the day, while the Dow managed to close modestly higher. The Nasdaq tumbled 166.98 points or 1.2 percent to 13,407.23 and the S&P 500 slid 21.83…
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Crypto This Friday: THORSwap Resumes Operations, Paolo Ardoino Takes Over as Tether CEO, and More
Bitcoin remains stable at $26,800 awaiting SEC’s decision on ETF The price of Bitcoin (COIN:BTCUSD) continued to fluctuate around $26,800 pending a crucial decision from the U.S. Securities and Exchange Commission (SEC) regarding its refusal to allow a spot exchange-traded fund (ETF) of Bitcoin. The cryptocurrency market is closely watching the SEC’s decision, with analysts evaluating…
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Keep An Eye Out: Pre-Market Movers And Analyst Recommendations
Don’t Trade Without Seeing The Orderbook ANALYST RECOMMENDATIONS: American Express: HSBC maintains its buy recommendation with a target price of $181. Amgen Inc: Goldman Sachs maintains its buy recommendation and reduces the target price from $310 to $305. Avangrid: Morningstar downgrades to hold from buy with a price target reduced from $38 to $33. Biogen…
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Friday’s Wall Street Highlights: Dollar General, Microsoft, Cassava Sciences, Ford, Wells Fargo, and more
US index futures are down in Friday’s pre-market, with investors gearing up to assess the earnings of major banks. At 7:01 AM, Dow Jones futures (DOWI:DJI) fell 11 points, or 0.03%. S&P 500 futures dropped 0.20%, and Nasdaq-100 futures declined 0.44%. The yield on 10-year Treasury bonds stood at 4.602%. In the commodities market, November…