Squarespace Inc. (SQSP) recently saw a surge in its stock price after announcing an increase in guidance for 2024. However, from a technical standpoint, the real significance lies in the completion of a “big base breakout” pattern. This pattern suggests the potential for significant gains in the upcoming months. Looking at the weekly chart, we
investment
In the span of a few months, the market experienced a drastic shift in rate expectations, with seven quarter-point rate cuts being priced in by the end of 2024. This shift was largely attributed to Jerome Powell’s “dovish pivot” and the new FOMC December dot plot predicting additional cuts in 2024. However, fast forward to
The recent fall in Bitcoin prices highlights the impact of regulatory scrutiny on the cryptocurrency market. Despite a brief rebound over the weekend, Bitcoin prices dropped as concerns over increased regulation intensified. Traders remained cautious about entering the market, leading to a 1.5% dip in Bitcoin’s price to $62,523.2. This volatility underscores the vulnerability of
Apple’s stock surged following Tim Cook’s announcement of the largest stock buyback in stock market history. However, this surge may not be sustainable in the long run, as there are underlying issues with Apple’s revenue and sales that need to be addressed. Revenue Decline Apple’s revenue dipped by 4% year-over-year, with iPhone revenue down by
Baird’s upgrade of Micron Technology to outperform and naming it a top semiconductor pick reflects analyst Tristan Gerra’s optimism for the stock. The firm increased its price target to $150 per share, indicating a potential 31% upside from the previous day’s close. While the firm acknowledges being late to the Micron Technology bandwagon, they still
The data center boom in the United States is expected to significantly increase natural gas demand, leading to billions of dollars in infrastructure investments. According to Goldman Sachs, surging electricity consumption from data centers could drive a 10% increase in natural gas demand by 2030. This surge in demand is seen as a positive development
In the world of dividend stocks, Chord Energy (CHRD) stands out as a notable player in the oil and gas industry. With a base-plus-variable cash dividend of $3.25 per share, Chord has caught the attention of Wall Street experts, including Siebert Williams Shank analyst Gabriele Sorbara. Sorbara’s buy rating and $262 price target on CHRD
Warren Buffett, known for his successful investment strategies, has expressed skepticism towards the growing influence of artificial intelligence. During Berkshire Hathaway’s annual shareholder meeting, Buffett warned about the potential for AI to be used for scamming purposes. He emphasized the technology’s capability to create realistic and misleading content, which could be exploited by bad actors
Michael Saylor, a well-known Bitcoin advocate and the founder of the MicroStrategy business intelligence giant, recently took to Twitter to express his views on the world’s flagship cryptocurrency and one of Bitcoin’s biggest critics, Warren Buffett, and his investment giant Berkshire Hathaway (NYSE:BRKa). Saylor’s tweet came shortly after the first Berkshire Hathaway shareholders meeting, which
The recent announcement by State Treasurer Todd Russ regarding the addition of Barclays to Oklahoma’s list of investment banks deemed to be “boycotting” the fossil fuel industry has sparked discussions about the economic implications for the state. This move makes Barclays ineligible for state and local government contracts, joining other major banks like Bank of