Investing.com — Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week. InvestingPro subscribers always get first dibs on market-moving AI analyst comments. Upgrade today! Robinhood What happened? On Monday, Piper Sandler upgraded Robinhood (NASDAQ:) to Overweight with a $23 price target. *TLDR: Recent decline in share price…
Foreign investors continued their relentless selling in the Indian equity markets in August, offloading shares worth Rs 21,201 crore due to the unwinding of the yen carry trade, recession fears in the US and ongoing geopolitical conflicts. This came after an inflow of Rs 32,365 crore in July and Rs 26,565 crore in June, data…
Here are the most clicked items on Alpha Ideas this week: Alpha Ideas SME Stars – 2024 Edition (AI) The Alpha Ideas SME Channel (You Tube) Inox Green: Chimpanzee to Gorilla (AI) Valuation Indicators are flashing red (AI) DOMS: Backward Integration (AI) Supriya: Super Margins (AI) Skin in the Game (AI) Where the World’s Wealthy…
COMEX Gold surged to a record high of $2,538.7 per ounce driven by strong demand for safe-haven assets amid geopolitical tensions and economic concerns. Market fears were heightened by the potential for retaliatory strikes from Iran following Israel’s attack on Hamas officials in Iranian territory. Additionally, the escalating conflict between Ukraine and…
On July 22, 2024, Info Edge experienced a significant breakout above its resistance level and has since maintained trading above this crucial mark. Over the following weeks, the stock has shown a strong pattern of buying interest, with investors stepping in at lower price points, suggesting consistent support. The Relative Strength Index (RSI) is currently…
Crypto analyst Benjamin Cowen expects Bitcoin dominance to make its “final move” to 60% either in September or, at the latest, by December 2024. A popular cryptocurrency analyst doubts that Bitcoin dominance will return to the levels it reached in December 2020, before the asset’s price surged approximately 220% within three months. “I don’t think…
This week, there was a surge in the number of significant executive moves across the fintech, cryptocurrency, forex, and crypto mining sectors. In this coverage we feature the new changes at IG Group, Broadridge, Grayscale, Rostro Group, Kraken, Bitget, Scope Markets, GTN, Bitfarms, Eightcap, Tools for Brokers, Robinhood, and Pepperstone. IG Group promoted Ricardo Ghiglino…
Technical analysis is a key strategy for traders and investors. Yet, many myths and false beliefs exist about its effectiveness. This article will clear up these myths and explain what technical analysis really is and what it’s not. Some think technical analysis can perfectly predict market moves. This has led to doubt and over-reliance in…
Crypto news of the week: The digital assets realm concluded another week with attention-nabbing developments witnessed across the broader market. Primarily, Bitcoin stole the spotlight this week, battling market turbulence amid macroeconomic events. Further, the ongoing U.S. presidential campaigns saw new developments in Trump’s and Harris’ rivalry. Other key market events encompass Ripple’s lawsuit developments…
After dominating the tech scene a few years back, the metaverse seems to have faded. Even its staunchest backers in the tech world have acknowledged that they may have overestimated its impact, at least in the short term. However, according to one report, Microsoft (NASDAQ: MSFT) could be bracing to challenge Meta (NASDAQ: META) and…