Ferrari stock is severely overvalued: is it an attractive buy?
Ferrari, the biggest merchant of super expensive super cars, has also become one of the most expensive companies in Wall Street. Its stock has jumped by 40% this year and…
Stock
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Costco stock could have more surprises in store despite its YTD rally
Things weren’t all cupcakes and rainbows in the financial results that Costco Wholesale Corporation (NASDAQ: COST) reported last night. The retail giant came in slightly shy of estimates for revenue,…
Morgan Stanley downgrades Udemy to Underweight: is more trouble ahead?
Morgan Stanley has downgraded Udemy Inc (NASDAQ: UDMY) to ‘Underweight’ from ‘Neutral’ and reduced its price target to $7.50 from $10, implying a potential downside of 7% from the current…
China stimulus: top 3 commodities stocks to consider
China announced several measures, including lowering the amount of cash that banks must have in reserve, to resurrect its housing market and the broader economy this week. According to Carlos…
Walgreens stock is cheap and oversold: is it a value trap?
Walgreens Boots Alliance (WBA) has become a fallen angel, costing investors billions of dollars in the past few years. Its stock has imploded, falling from $69 in 2014 to $9…
GameStop stock: Time to embrace the MicroStrategy approach?
GameStop (GME) stock price has moved sideways in the past few weeks as investors reflect on its recent earnings and cash raise. It was trading at $22.48 on Friday, much…
Chinese stocks soar, posting best weekly gains since 2008 amid stimulus optimism
Chinese stocks surged on Friday, on track to close their best week since the 2008 global financial crisis, driven by optimism over new government stimulus measures. The CSI 300 Index,…
FTSE MIB forms a rare bullish pattern; is an all-time high coming?
Italian stocks bounced back this week as investors embraced a risk-on sentiment. The blue-chip FTSE MIB index rose to a high of €34,400, its highest point since July 24. It…
China’s New World Development shares up 23% after CEO resignation: here’s why
Shares of Hong Kong’s major property developer New World Development surged by 23% after the unexpected resignation of CEO Adrian Cheng, a prominent figure from the company’s founding family. The…
IBEX 35 just soared to a record high: more upside ahead?
Spanish stocks are firing on all cylinders. The closely followed IBEX 35 index has risen for three consecutive weeks, rising to a record high of €12,000, bringing the year-to-date gains…