Cleveland-Cliffs Inc stock (NYSE: CLF) is up more than 10% on Thursday after a JPMorgan analyst named the mining company his “top pick” in the steel space. Cleveland-Cliffs stock could cli...
Tag: forecast
Nikola stock price forecast after hitting an important resistance
The Nikola (NASDAQ: NKLA) stock price jumped by as much as 5% on Thursday as investors cheered the latest investor presentation. The shares rose to an intraday high of $10.80, which was the highest le...
Silver price forecast ahead of fresh sanctions on Russia
Silver price has edged higher in Thursday’s session, even as it remains within a horizontal channel for over a week now. Investors are keen on the new sanctions that the President Biden is set to impo...
USD/CHF forecast and SNB interest rate decision preview
The USD/CHF pair has been under pressure in the past few days as investors reflect on the actions of the Federal Reserve and the Swiss National Bank (SNB). It is trading at 0.9316, which is about 1.51...
Gold price forecast with Russia-Ukraine talks & bets on rate hikes at play
Gold price has bounced off Tuesday’s lows as the Russia-Ukraine crisis, and subsequent rise in the demand for safe havens, balance out talks on Fed’s interest rate hikes. gold price Fundamentals On th...
Adobe’s Lackluster Forecast Suggests Growing Competition
(Bloomberg) — Adobe Inc. gave a disappointing outlook for the current period, suggesting increased competition is making a dent against the company’s signature design software. Most Read from Bl...
BMW Profits Look Strong Despite Forecast Cut, While Electric Plans Still Questioned
Oliver Zipse, CEO of BMW, stands in front of an i4 electric car (Photo by TOBIAS SCHWARZ/AFP via … [+] Getty Images) AFP via Getty Images BMW profit outlook is still strong despite cutting its t...
Where to buy today’s Rivian stock dip: it is down 4% amid a reduced production forecast
The Rivian stock has been on the decline since mid-November and things seem to have gotten worse after US legislators failed to vote for a bill that would have given Rivian and other EV automakers the...
Shell share price forecast after the remarkable comeback
The Shell (LON: SHEL) share price is hovering near its all-time high as investors react to the demand and supply dynamics as the crisis in Ukraine escalates. The stock is trading at 2,020p, which is s...
Billionaire Chamath Palihapitiya Unveils Market Forecast, Says Stocks and Crypto Assets Are in Midst of a ‘Melt-Up’
Billionaire venture capitalist Chamath Palihapitiya is detailing his outlook for global markets in the near term. In a new edition of the All-In Podcast, Palihapitiya says he believes that investors h...
NZD/USD forecast as it forms an inverted head and shoulders pattern
The NZD/USD pair rose to the highest level since November 24th after the positive New Zealand trade numbers. It is trading at 0.6900, which is about 5.60% above the lowest level this year. New Zealan...
Dow Jones, the S&P 500, and Nasdaq price forecast after last week’s gain
Wall Street’s three main indexes advanced for a fourth straight session on Friday and logged their biggest weekly gain in about sixteen months. For the week, the S&P 500 rose 6.2%, the Dow added 5...
Huge Bitcoin Forecast Revealed As Ethereum, BNB, XRP, Solana, Cardano, Luna And Avalanche Swing
Bitcoin and cryptocurrency prices have recovered in recent weeks, climbing from February lows even as the crash triggers a serious Coinbase warning. Subscribe now to Forbes’ CryptoAsset & Bl...
Nucor first-quarter earnings forecast falls short of Wall Street estimates
Nucor Corp. NUE, +0.91% said it expects first-quarter earnings of $7.20 to $7.30 per diluted share, below the Wall Street estimate of $7.42 a share in a survey of analysts by FactSet. Steel mill segme...
U.S. Steel’s Earnings Forecast Disappoints as Prices Fall From Last Year
(Bloomberg) — U.S. Steel Corp. shares slumped after its earnings outlook fell short of analyst expectations, amid softer early-year demand and prices that have slipped from last year’s highs. Mo...
Bank of America stock price forecast: Mike Mayo sees a 56% upside
Bank of America Corp (NYSE: BAC) is the best positioned to benefit from the rising rate environment, says Wells Fargo’s Mike Mayo. The U.S. Fed is expected to lift interest rate in each of its r...
Bitcoin faces new ‘milestone’ in 2022 as new forecast predicts BTC price ‘in the millions’
Bitcoin “may be primed” for a quantum leap in its development thanks to inflation this year, a Bloomberg analyst has claimed. In a tweet on March 17, Mike McGlone, senior commodity strategist at Bloom...
Silver price forecast ahead of the Fed interest rate decision
Silver price is trading sideways as investors await for the Fed’s interest rate decision later in Wednesday’s session. Russia-Ukraine talks are also at play in financial markets. silver price Fed’s in...
US dollar index forecast ahead of Fed interest rate decision
The US dollar index (DXY) has been in a strong bullish trend in the past few months. It is trading at $98.90, which is the highest it has been since May 2020. It has jumped by over 10% from the lowest...
Affirm stock price forecast after falling back to earth
Affirm (NASDAQ: AFRM) stock price crashed to a record low even after the company upgraded its forward guidance. The shares crashed to $26.22, which was the lowest on record and about 85% below its all...
Will Ethereum Flip Bitcoin in 2022? Crypto Analyst Nicholas Merten Updates ETH Forecast As Markets Consolidate
Crypto analyst Nicholas Merten says that Ethereum (ETH) may possibly overtake Bitcoin (BTC) as the leading crypto asset this year. In a new video, Merten tells his 512,000 YouTube subscribers that the...
USD/RUB forecast: Ruble could rebound as commodity prices jump
The USD/RUB pair is hovering near its all-time high as investors avoid the toxic Russian ruble. It is trading at 114.8, which is a few points below its all-time high of 121. It has jumped by over 50% ...
USD/CAD forecast ahead of the Canada jobs data
The USD/CAD pair was in a tight range on Friday morning as investors waited for the latest Canadian jobs data. It is trading at 1.2787, which was a few points below this week’s high of 1.2895. Canada...
Gold price forecast with Ukraine open to diplomatic talks with Russia
Gold price rose to its highest level since August 2020 at $2,070.88 on Tuesday. At that level, it was only about $5 shy of its all-time high of $2,076.64, which it hit at the peak of the coronavirus p...
DAX index forecast as EU considers additional stimulus
The DAX index bounced back on Wednesday as European and American equities rose. It rose to a high of €13,986, which was about 12% above the lowest level this year. Still, the price is about 15% below ...
DXY: Dollar index forecast ahead of US inflation data
The US dollar index (DXY) retreated sharply on Wednesday and Thursday morning as volatility retreated and as investors waited for the upcoming American inflation data. It is trading at $98.18, which i...
EUR/USD forecast: ECB decision and Eurogroup meeting preview
The EUR/USD pair held steady on Thursday morning as the focus shifted to the upcoming Eurogroup meeting and interest rate decision by the European Central Bank (ECB). It is trading at 1.1051, which is...
Broadcom share price forecast after Q1 results
Broadcom Inc. (NASDAQ: AVGO) shares continue to trade in a buy zone after the company reported strong first-quarter results last Thursday. Outlook remains positive Broadcom Inc. is an American company...
USD/JPY forecast: More upside after disappointing Japan GDP data
The USD/JPY price tilted higher on Wednesday morning after the latest Japan GDP numbers. The pair is trading at 115.83, which is about 0.25% below the highest level this year. Japan GDP data The Japan...
DAX index forecast as Russia-Ukraine crisis remains in focus
Germany’s DAX index weakened on a weekly basis, and much of the index’s losses can be attributed to the war between Russia and Ukraine. Russia has shelled Europe’s largest nuclear plant, Zaporizhzhia,...