Gold prices remained below the $4,000-an-ounce mark on Friday, with the precious metal struggling to attract meaningful safe-haven demand despite persistent uncertainty in the US housing sector. Although construction activity rebounded sharply in June after a weak performance in May, the broader housing market continued to show signs of weakness that could weigh on economic
Bloom Energy stock is moving from bad to worse as it crashed to $206, its lowest level since April last year. BE has slumped by over 40% from its all-time high as concerns about its valuation and the data center industry remained. This retreat has seen its market capitalization fall from $98.7 billion to $58
Stellar (XLM) is trying to stabilize after a volatile week that saw the token come under pressure alongside the broader cryptocurrency market. XLM was trading at $0.1834, down 3% over the past 24 hours, while extending its weekly decline to 4.3%. Despite the recent weakness, traders are watching a developing golden cross and an upcoming
Memory chip and storage stocks fell sharply on Thursday as investors extended a broad semiconductor selloff following Taiwan Semiconductor Manufacturing Co.’s quarterly results, despite the world’s largest contract chipmaker posting record earnings. TSMC reported its fifth consecutive quarter of record profit, beating analyst expectations. However, investors focused instead on the company’s higher-than-expected capital spending plans,
AST SpaceMobile (ASTS) shares are taking a hit this morning due to a combination of a massive new debt raise and delays in their commercial satellite launch timeline. The sell-off crashed ASTS relative strength index (RSI) further into the early 30s – indicating the stock is now approaching “oversold” territory that often triggers a relief
Binance Coin (BNB) is back in focus after a series of developments strengthened interest in the Binance ecosystem while technical indicators pointed to a possible trend reversal. At the time of writing, BNB was trading at $577.34, leaving it within striking distance of the next major technical hurdle. Bullish chart pattern puts $647 in focus
The technology sector has done well in the past decade, with the Nasdaq 100 Index beating its top peers like the S&P 500 and the Dow Jones. This article explores the outcome if one had invested $10,000 in the Invesco QQQ ETF (QQQ), ProShares UltraPro QQQ (TQQQ), and ProShares UltraPro Short QQQ (SQQQ) five years
SanDisk stock has continued its weakness this week, falling to its lowest level since May 22. It has dropped by 35% from its highest level this year. Still, top analysts tracking the company have maintained a bullish outlook, pointing to its strong growth. Many analysts are bullish on the SanDisk stock Top analysts covering SanDisk
Micron stock has plunged since reaching a record high of $1,255 on June 25. Shares have fallen about 30%, mirroring the sharp declines seen across the memory chip sector, including industry leaders Samsung and SK Hynix. So, has Micron reached its peak, or is this pullback a golden buying opportunity? Micron stock is falling despite
Gold remained under pressure on Thursday as resilient US consumer spending and a continued rally in oil prices weighed on investor sentiment, offsetting support from softer inflation expectations and ongoing geopolitical tensions. The precious metal struggled to hold support at $4,000 an ounce, with investors reassessing the outlook for interest rates after the latest US