Amazon stock outlook: Morgan Stanley sees upside to $150 Inc (NASDAQ: AMZN) ended roughly flat on Monday even after a Morgan Stanley analyst reiterated the tech behemoth his top pick for 2023. Amazon stock to benefit from layoffs Brian Nowak recommends that investors buy Amazon stock here as it has upside to $150 – more than a 50% premium on its current price. […]

Lyft CEO is stepping down: a reason to buy Lyft shares?

Lyft Inc (NASDAQ: LYFT) is trading meaningfully up in extended hours after cofounder Logan Green said he would step down as the company’s chief executive next month. Analyst reacts to the news on CNBC On April 17th, David Risher will replace him as the CEO of the ride-hailing company. He has previously served as a […]

Price outlook: Uranium and the nuclear renaissance

Throughout the previous decade or so, uranium has been firmly gripped by the bear market. From a spot peak of $136 per pound in June of 2007, the price fell to the $20 – $30 range for much of the post-Fukushima period. Most producers supplied the metal at a loss, as investors and the public […]

Carnival Q1 results: ‘we’ve seen no sign of a slowdown’

Carnival Corp (NYSE: CCL) is in the red on Monday even after reporting market-beating results for its fiscal first quarter. Carnival stock down on disappointing guidance The stock is taking a hit primarily on the back of guidance that disappointed investors.  For the full financial year, Carnival is now calling for 44 cents to 28 […]

Rolls-Royce share price forms a rare bullish pattern

Rolls-Royce (LON: RR) share price rally has stalled in the past few days in line with the performance of the FTSE 100 and FTSE 250 indices. It was trading at 144.78p, which is ~9.15% below the year-to-date high of 160p. The shares are about ~125.25% from the lowest level in October last year. Mixed views […]

Elliott and CVC bid for parts of Cineworld Group plc

Cineworld Group plc (LON: CINE) is in focus on Monday following reports that Elliott Management is interested in taking over the struggling cinema chain. Here’s what we know about Elliott’s bid A recent Sky News report suggests the activist investor wants to buy Cineworld’s operations in Israel and eastern Europe. Elliott has considered bidding for […]

First Citizens shares jump 45% on ‘very good news’

Frist Citizens BancShares Inc (NASDAQ: FCNCA) is trading about 45% up this morning after agreeing to buy Silicon Valley Bank assets at a deep discount. Pro reacts to the stock market news On Monday, the Federal Deposit Insurance Corporation said the Nasdaq-listed firm will assume roughly $72 billion worth of SVB loans and deposits at […]

Bitget partners Space and Time to offer verifiable audit trail of its Proof of Reserves

Bitget, a leading cryptocurrency exchange for futures and copy trading, is set to offer unparalleled transparency of its Proof of Reserves and activities, providing users with verifiable evidence of its assets, liabilities, and liquidity among other operational features. According to a press release published on Monday, Bitget’s big step follows its new strategic partnership with […]

IDS share price slips as Royal Mail receives another downgrade

Royal Mail’s parent, International Distributions Systems (LON: IDS) share price pulled back sharply on Monday after analysts at JP Morgan downgraded it. The stock dropped to a low of 219p, which was much lower than this month’s high of 250p.  Royal Mail woes continue IDS, the parent company of Royal Mail Group, has been a […]