Oil futures rallied on Monday by more than 4%, propelling U.S. prices to their highest finish in nearly a week. The recent attack by Palestinian militant group Hamas on Israel has raised concerns about potential disruptions to oil supplies in the Middle East region. Experts predict that this violence will continue to exert upward pressure on oil prices, at least in the short … [Read more...] about Oil Futures Rally as Hamas Attacks Israel
Forex News
Australian Business Activity Remains Resilient
Australian business activity showed signs of moderation in September, but remained resilient overall, according to the National Australia Bank's latest report. The business conditions index, which measures overall business performance, declined slightly to +11 points in September from +13 in August. However, this level is still above average, indicating that the economy has … [Read more...] about Australian Business Activity Remains Resilient
Apple Stock Faces Challenges Ahead
As Apple prepares to release its fourth-quarter earnings report, industry experts are expressing concerns about the tech giant's future performance. Melius Research analyst Ben Reitzes, who holds a Buy rating on Apple stock with a target price of $240, highlights several key issues that the company needs to address. Pressure to Demonstrate Growth Despite having one of the most … [Read more...] about Apple Stock Faces Challenges Ahead
Competition Fears Prompt Downgrade of Specialty-Semiconductor Stocks
In a recent report, Citi analysts downgraded Skyworks Solutions (ticker: SWKS) and Qorvo (QRVO) from Neutral to Sell. They also reduced the price targets for both stocks, bringing them down to $87 and $78, respectively. Skyworks stock has dropped by 3.3% to $94.95, while Qorvo shares have seen a 4% decrease, making them the worst performer in the S&P 500 during premarket … [Read more...] about Competition Fears Prompt Downgrade of Specialty-Semiconductor Stocks
Rivian Stock Upgrade from UBS
Rivian Automotive Inc.'s stock (RIVN, +3.91%) experienced a rise of 2.6% in early trading on Tuesday following an upgrade to a buy recommendation by UBS. Despite a slight reduction of $2 in the price target, now set at $24 per share, UBS analyst Joseph Spak expressed optimism about the future prospects of the electric-vehicle manufacturer. Positive outlook after recent … [Read more...] about Rivian Stock Upgrade from UBS
