Category: Markets

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a…

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) shares are slumping in the premarket session on Tuesday. Yesterday, the California-based firm announced a reverse stock split of the company’s common stock.  The reverse stock split proposal includes a proposed range between 1-for-2 and 1-for-40 shares of outstanding common stock and a corresponding reduction in the total number of…

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. JP Morgan cut the price target for Sea Limited (NYSE:SE) from $84 to $78. JP Morgan analyst Ranjan Sharma downgraded the stock from Overweight to…

JPMorgan Chase & Co. (NYSE:JPM) has successfully drawn in more than $15 billion in assets from affluent clients for its budding tax strategy business. This development comes as the bank seeks to expand its market share and compete with rivals like Goldman Sachs Group Inc. (NYSE:GS) and Morgan Stanley (NYSE:MS). What Happened: Over the past…

Worthington Enterprises, Inc. (NYSE:WOR) is set to release earnings results for its fourth quarter, after the closing bell on Tuesday. Analysts expect the Columbus, Ohio-based company to report quarterly earnings at 94 cents per share, down sharply from $2.74 per share in the year-ago period. Worthington Enterprises is projected to post revenue of $359.39 million…

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 80 points on Tuesday. Shares of Pool Corporation (NASDAQ:POOL) fell sharply in today’s pre-market trading after the company cut its FY24 EPS guidance. The company announced its year-to-date sales are trending down and seasonally significant Q2 2024 revenues are below previous expectations.…

Although U.S. stocks closed mixed on Monday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the…

Novo Nordisk‘s (NYSE:NVO) weight loss drug Wegovy has received approval in China, representing a notable achievement for the Danish pharmaceutical firm. In response to this announcement, the company’s U.S.-listed stock is experiencing a surge of over 2% in pre-market trading on Tuesday. What Happened: The Chinese National Medical Products Administration has given the green light…

European aerospace giant Airbus (OTC:EADSY) witnessed a significant drop in its shares on Tuesday following the company’s announcement of a downward revision of its 2024 targets. The company attributed the revision to supply chain challenges and additional costs in its space systems division. What Happened: Airbus’ shares fell by over 10% on Tuesday, with the…

Popular actor and comedian Martin Lawrence emerged as one of the biggest Cardano (CRYPTO: ADA) influencers after social media posts of him shilling the coin went viral. What Happened: According to an X post by social analytics firm LunarCrush Monday, the “Bad Boys” star was the seventh-most influential ADA creator.  For the curious, the metric…