In this week’s Good Money Guide podcast Michael Brown (Senior Market Strategist from Pepperstone) and Michael Hewson discuss this week’s buy now, pay later Klarna budget statement, and whether it makes a December rate cut more or less likely. They also look at the latest results from easyJet and Kingfisher and look ahead to numbers from Bal…[Read more]
Another case of market manipulation and a good example of how stocks can be pumped through advertising on Google Ads, when people search for top penny stocks. A Google verified advertiser, based in the Caymans, is pushing traffic to webpages suggesting Quantum Data Energy PLC (LON: MAST), previously know as Mast Energy Developments PLC.
You may recall that in a comment about CMC Markets CMCX LN just under a week ago , I highlighted that IG Group IGG LN were among the most oversold UK Stocks .
Well the stock price has started to address that statistic today, rallying by +11.00%.
Lets not forget that according to industry press IG were recently approached by Crypto…[Read more]
We didn’t have to look far for another example of mispriced US stock in fact we didn’t even need to leave the retail sector. Abercrombie and Fitch ANF US are up + 26.00% as the stock beat earnings consensus by 30.0 cents and pointed to growth at their Hollister subsidiary.
The stock was rated as a moderate buy among 12 analysts – 4 of whom…[Read more]
Here are the analysts recommendations the Hi Low and Consensus price targets and a reminder that this is not the first time lately that Kohls has surprised on the upside .
US mid tier department store Kohls KSS US is set open higher by around +27.0% today after it reported estimate beating numbers.
At least 13 analysts cover the stock on Wall Street so I am forced to wonder how did most of them get it so wrong and how many other stocks out there have been incorrectly labelled ??
Time to sell student rental REIT Unite Group (UTG)?
UK’s higher education sector is a multi-billion industry.
Many students value the prestige of a quality UK degree. Graduating from ‘OxBridge’- short for Oxford and Cambridge – carries a distinct premium in the job market.
In the years before the pandemic, the numbers of students – inter…[Read more]
Memory stocks have rebounded today with Sandisk SNDK up by + 12.0% , Western Digital WDC up +8.0% and Micron MU by +7.0%. this comment from Morgan Stanley is likely behind some of those gains .
The mood in the market this morning seems to be one of cautious optimism. I will be watching the Nasdaq 100 index for clues and in particular how it performs around old support and resistance circa 24446/50 and 25536/40 above that .
In Europe the Dax has opened up by +1.0% and the Stoxx 600 by +0.57%.
Almost an hour into the US trading day and the Nasdaq 100 index is once gain struggling to post and retain gains on the day.
Markets are effectively a continuous auction between buyers and sellers, who are trying to establish an equilibrium price, at which business can be transacted .
An imbalance in the supply or demand, of either buyers…[Read more]
As the UK budget looms, is the gloom overstated?
In this week’s podcast, Michael Brown (Senior Market Strategist from Pepperstone) and Michael Hewson discuss this week’s UK CPI data and whether it makes a December rate cut more or less likely. They also look at the latest Q3 numbers from Nvidia as well as looking ahead to next week’s budge…[Read more]
