Advanced Micro Devices (AMD) just broke out of consolidation to the upside, and could rally to $100. The stock is running after launching the Radeon RX 5300 GPU graphics card, which competes against NVIDIA’s GeForce GTX 1650. Plus, it’s chips should be under big demand when Microsoft and Sony release their new gaming consoles later this year.We also have to remember that AMD is chipping away...
Continue reading >>The market ended the week higher as optimism about a fast-response coronavirus test and confirmation of the Federal Reserve’s new inflation strategy bolstered ongoing bullish sentiment. A bevy of economic news also lifted spirits with the Nasdaq and S&P setting their 40th and 20th record closes for 2020. The Russell 2000 closed on its session high of 1,578 (+0.9%). Key resistance at 1,575...
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Zoom shares soared 41% on Tuesday, lifting the videoconferencing software company’s market cap to $129 billion after revenue and earnings blew past analysts’ estimates. The rally added $37 billion of market value to Zoom, which went public in April 2019 and was worth about $16 billion after its initial day of trading. The company has been perhaps the biggest corporate beneficiary of the...
Continue reading >>The market ended the week higher as optimism about a fast-response coronavirus test and confirmation of the Federal Reserve’s new inflation strategy bolstered ongoing bullish sentiment. A bevy of economic news also lifted spirits with the Nasdaq and S&P setting their 40th and 20th record closes for 2020. The Russell 2000 closed on its session high of 1,578 (+0.9%). Key resistance at 1,575...
Continue reading >>Gold prices last traded at $2,043 – and could head to $2,500, we believe. All thanks to fallout from the coronavirus, economic fears, tensions with China, central banks pumping liquidity into markets, and fear ahead of U.S. elections. Worse, the International Monetary Fund estimates the global economy could shrink by up to 5% this year, prompting central banks to pump billions into the...
Continue reading >>The market ended the week higher as optimism about a fast-response coronavirus test and confirmation of the Federal Reserve’s new inflation strategy bolstered ongoing bullish sentiment. A bevy of economic news also lifted spirits with the Nasdaq and S&P setting their 40th and 20th record closes for 2020. The Russell 2000 closed on its session high of 1,578 (+0.9%). Key resistance at 1,575...
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