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Rivian Stock Is Risky. Here's Why I'm Not Buying.

2 years 10 months ago
The electric vehicle (EV) market is expected to grow at an exponential rate in the coming years. Analysts estimate that by 2030, two out of every three cars sold globally will be an EV. With such drastic growth, a slew of manufacturers have entered the EV race in an attempt to st

Sugar Prices Under Pressure from Strong Brazil Sugar Output

2 years 10 months ago
March NY world sugar #11 (SBH24 ) on Friday closed down -0.19 (-0.86%), and March London ICE white sugar #5 (SWH24 ) closed down -3.80 (-0.60%). Sugar prices Friday posted moderate losses but remained above Thursday's 8-1/2 month lows. Sugar prices have been under pressure for the last five weeks...

Strong Brazil Output Weighs on Arabica Coffee

2 years 10 months ago
March arabica coffee (KCH24 ) on Friday closed down -1.30 (-0.68%), and Jan ICE robusta coffee (RMF24 ) closed up +32 (+1.13%). Coffee prices on Friday settled mixed, with robusta climbing to a 5-1/2 month high. The cash coffee market for robusta beans is tight as robusta coffee farmers in...

Stocks Extend Weekly Rally to 7 Straight

2 years 10 months ago
All three major indexes closed out a Fed-fueled week with their seventh-consecutive weekly wins, the Dow's longest streak of such nature since 2019 and the S&P 500's best streak since 2017. The Dow also added to its streak of record closes today, finishing the day

Better Cloud Stock: Snowflake vs. Oracle

2 years 10 months ago
Snowflake (NYSE: SNOW) and Oracle (NYSE: ORCL) represent two different ways to invest in the growing cloud market. Snowflake helps companies clean up and aggregate large amounts of data for third-party applications through its cloud-based data warehouses. Oracle is the world's la

Oversold Conditions For FTI Consulting (FCN)

2 years 10 months ago
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which m

ASAI Makes Notable Cross Below Critical Moving Average

2 years 10 months ago
In trading on Friday, shares of Sendas Distribuidora SA (Symbol: ASAI) crossed below their 200 day moving average of $13.07, changing hands as low as $12.84 per share. Sendas Distribuidora SA shares are currently trading off about 4.5% on the day. The chart below shows the on

Where Will Adobe Stock Be in 1 Year?

2 years 10 months ago
Adobe (NASDAQ: ADBE) posted its latest earnings report on Dec. 13. For the fourth quarter of fiscal 2023 (which ended on Dec. 1), the cloud software giant's revenue rose 12% year over year (13% in constant currency terms) to $5.05 billion and surpassed analysts' estimates by $30

Crude Prices Slip on Dollar Strength and Energy Demand Concerns

2 years 10 months ago
January WTI crude oil (CLF24 ) this morning is down -0.27 (-0.38%), and Jan RBOB gasoline (RBF24 ) is up +1.63 (+0.77%). Crude oil and gasoline prices this morning are mixed, with gasoline posting a 1-week high. A stronger dollar today is undercutting commodity prices, including crude. Also, weaker-than-expected global...

Will China’s New Stimulus Measures Revive Market Confidence?

2 years 10 months ago
The Chinese government continues to offer measures to spur economic growth in an attempt to bolster confidence in the economy. China today pumped a record amount of cash into the financial system to boost liquidity while also expanding support measures to aid its troubled property sector. However, the market reaction...
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