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BAE Systems Rallying One of the big market themes we are seeing as a result of the conflict in Ukraine is a surge in stock prices of weapons manufacturers and armourers. With Ukraine heavily buying arms and NATO countries supporting the effort alongside their own purchases, defence stocks have ballooned in recent days. Looking ahead, […]
BOC Up NextThe Bankof Canada is the next G10 central bank to take centre stage. The BOC will meetlater today for its March rates decision and the market is broadly expectingthe bank to deliver a further increase. Traders are anticipating a further .25%rate hike from the bank in line with the sort of pattern seen […]
The speculation regarding the U.S. Federal Reserve’s tightening cycle and recent geopolitical developments may have resulted in panic selling by short-term traders. Analysis from Glassnode suggested that traders who had purchased Bitcoin (BTC) near the November 2021 high liquidated their positions in the past two and half months. This supply was absorbed by high conviction […]
MGM Resorts International MGM, +4.32% late Wednesday said that its board of directors has authorized a new $2 billion share buyback program, saying that it believes there’s “tremendous value” in its stock at current level. The company has $524.6 million remaining under a previous authorization, and it plans to use its remaining capacity before starting […]
Investor sentiment across the cryptocurrency ecosystem has seen a significant shift in the positive direction over the past week, despite events in the wider world. Currently, Bitcoin (BTC) is back above $43,500 and many altcoins are also witnessing double-digit gains. Crypto Fear & Greed index. Source: Alternative The ongoing conflict in Ukraine and recent actions […]
ChargePoint Holdings Inc. CHPT, -1.54% stock rose more than 6% in the extended session Wednesday after the electric-vehicle charging network company reported quarterly sales above expectations and called for higher yearly revenue. ChargePoint said it lost $60.5 million, or 23 cents a share, in the fourth quarter, compared with a loss of $91 million, or […]