Gold could see higher highs. All thanks to signs inflation may be cooling, which could lead the Fed to pause. The Labor Department said CPI was up just 0.1% last month, which was weaker than the 0.2% anticipated. Over the…
Markets
Gold just spiked above $2,000. Last checked, gold was up $35.14 to $2,020.60 and could push even higher. All after the release of weak U.S. economic data. Job openings fell to 9.93 million from 10.5 million in February, below the…
Look at EVgo (EVGO). The stock took off and is now challenging resistance dating back to late 2022. In fact, if it can break above $7.50, it could potentially run back to $10 a share. All after the company crushed…
Keep an eye on cannabis stocks. Germany may be about to legalize its use, and greenlight its consumption. If so, says CNBC, “Legalization of the drug in the EU’s largest economy could potentially open the door to similar reforms in…
Meta Platforms (META) is on fire. After a rough outing in 2022, the stock is on the mend. Better, if META can break above double-top resistance around $207, it could see $225 next. From there, it could go on to…
Keep an eye on oversold oil. At $67.82, crude is sitting at support dating back to late 2021. It’s also oversold on RSI, MACD, and Williams’ %R. And we expect to see oil come back strong – especially with summer…
Morgan Stanley analyst Michael Wilson, one of the bearish analysts on Wall Street, has advised investors to sell potential uptick in US equities that would occur due to regulatory assistance actions taken in the wake of Silicon Valley Bank's failure.…
Bank of America says we could see a surplus of lithium, with higher volume set to supersede slowing demand. “We see a lot of supply coming out from lithium mines … We are expecting 38% lithium supply growth this year.…
Salesforce expects its profit margins to increase even as it battles a slowdown in revenue growth. The software provider for sales professionals has been battling a slowdown in sales growth for years averaging about 25%. The slowdown has been a…
At 90 seconds to midnight, we’re closer than ever before to nuclear war. Not only have Russian-China ties grown stronger, but Russia just said it would roll out its Sarmat nuclear missiles, and new nuclear submarines. “The 35-metre missile has…