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Asian stocks rise as traders await Fed decision
Most Asian stocks rose before a Federal Reserve policy decision, with traders still split on the size of an anticipated interest-rate cut. Japanese shares led regional gains as the yen’s slide on Tuesday boosted the outlook for the nation’s exporters. The dollar bounced in New York following stronger-than-expected retail-sales data. Hong Kong is shut for…
‘Big Short’ fame Michael Burry targets Tesla after slamming AI valuations
“The Big Short” fame investor Michael Burry took aim at electric automaker Tesla in a blog post, saying the Elon Musk-led company is “ridiculously overvalued”, days after he voiced concerns about the current AI boom. Burry estimated that Tesla dilutes its shareholders at about 3.6% per year with no buybacks, and Musk’s record-breaking pay package…
These 5 stocks closed crossing above VWAP on June 18 – Bullish Trend
On June 18, in the Nifty500 pack five stocks rallied over 1% relative to the VWAP (Volume Weighted Average Price), and a shift above the VWAP suggests a potential bullish trend, according to stockedge.com’s technical scan data. When the closing price rises above the VWAP, it signifies that the closing price is higher than the…
