The Roundhill Memory ETF (DRAM) retreated for the second consecutive day as jitters in the memory industry accelerated. The fund, which has become a $24.3 billion behemoth, retreated to $62.45 in the pre-market, down by 22.75% from its highest point this year. Why the DRAM ETF is falling DRAM is a top ETF that gives
Shopify stock has rebounded in the past few weeks, moving from the year-to-date low of $94.47 to the current $121.63. This rebound may continue, helped by its modest revenue growth and encouraging technicals. Shopify stock jumps after crucial settlement Shopify, the operator of the biggest e-commerce software, soared after reaching a settlement with Shopline, a
Brent crude oil remained under pressure this week as traffic through the Strait of Hormuz ramped up and as top Wall Street banks like Goldman Sachs, Citigroup, and Morgan Stanley lowered their expectations. It dropped to $73.25, down by 38.8% from its highest point this year. Goldman Sachs, Morgan Stanley, and Citigroup lower oil forecasts
Scottish Mortgage Trust share price has jumped in the last three consecutive days, reaching its highest level since June 22, helped by the ongoing SpaceX stock rebound. SMT jumped to 1,470p, up by 8.46% from its lowest point this year. So, is this investment trust a good buy today? Scottish Mortgage Trust portfolio analysis Scottish
The FTSE 100 Index remained in a tight range in June as investors focused on the UK’s political situation, Bank of England (BoE) action, and the US and Iran situation. It rose to 10,500 points, up by 3.70% from its lowest level in June. This article explores the top Footsie shares to watch in July.
The DAX Index has remained resilient in recent months and is gradually attempting to retest its all-time high of 25,510. It has climbed nearly 15% from its lowest level this year. This period of consolidation could pave the way for further gains, as the index has formed an inverted head-and-shoulders pattern—a bullish technical signal. This
The USD/ZAR pair was little changed on July 1 as traders reacted to hawkish remarks by South African Reserve Bank (SARB) Governor Lesetja Kganyago, who spoke at the European Central Bank (ECB) forum in Portugal. The pair was trading at 16.40, a few pips below last month’s high of 16.67. SARB may hike interest rates
The Japanese yen continued its strong downward trend this week, reaching its lowest level in over 40 years. The USD/JPY crossed the crucial resistance of 162, bringing its 12-month gains to 12.3%. BoJ prepares response to the weaker yen The USD/JPY pair continued its recent upward trend this week as the US Dollar Index (DXY)
Global energy stocks have pulled back in the past few days as crude oil and natural gas prices slumped, and this trend may continue after Morgan Stanley warned of a global glut. Shell share price plunged to 2,900p on Monday, its lowest level since February, and 20% from the year-to-date high. BP stock fell to
AeroVironment stock price surged in the extended hours, paring back some of the recent losses, after the company announced strong financial results amid the ongoing demand for drones. AVAV shares jumped by over 20%, its best daily performance this year. It reached a high of $168 from the year-to-date low of $135. AeroVironment stock jumps