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Tesla and Microsoft give investors fresh reasons to fret
Thursday 09 Jun 2022Elon Musk has again thrust Tesla (TSLA:NASDAQ) into the headlines after knocking back earlier suggestions that the world’s leading electric car maker would be cutting staff numbers by 10%. Adding to growth investor jitters was a cut to fourth-quarter guidance by mega-cap software firm Microsoft (...
Why boot brand Dr. Martens is walking tall by delivering growth
Thursday 09 Jun 2022Forecast-beating annual results (1 June) from iconic footwear brand Dr. Martens ( DOCS ) were delivered despite Covid-related supply issues and drove a rally in the stock as investors applauded progress in its higher margin direct to consumer business. Dr. Martens also pleased investors by...
Find out why market experts think a summer rally could be on the cards
Wednesday 01 Jun 2022Investors are buying stocks again prompting emerging hope of a summer rally off depressed valuations. The early part of last week saw $20.6 billion pour into equities with outflows from cash at $28.2 billion, according to Bank of America’s top strategist Michael Hartnett. That’s the biggest show of...
ANGLE shares surge 58% after gaining US regulatory approval
Wednesday 01 Jun 2022After six long years of gathering data and evidence ANGLE’s ( AGL:AIM ) liquid biopsy platform Parsortix was given regulatory approval from the US Federal Drug Administration for use in the detection of metastatic breast cancer. Although it has been a long wait for investors FDA approval is a...
Why Authentic Brands is favourite to bag Ted Baker
Wednesday 01 Jun 2022New York-based Authentic Brands has emerged as the frontrunner to buy quirky British fashion brand Ted Baker ( TED ) and is reportedly being advised by Bank of America on a £300 million takeover deal. Sky News reports that Authentic Brands, which owns Brooks Brothers, Forever21 and Reebok, is...
A windfall tax shock puts North Sea oil firms on the spot
Wednesday 01 Jun 2022There were two key takeaways for the energy sector from chancellor Rishi Sunak’s cost of living measures (25 May). First the windfall tax – or ‘temporary, targeted energy profits levy’ – went further than the measures proposed by Labour. Second, power generation firms are not out of the woods yet...
Supermarkets are hoping for a bumper Platinum Jubilee spending spree
Wednesday 01 Jun 2022Supermarkets are keeping their fingers and toes firmly crossed that the weather stays nice for the Queen’s Platinum Jubilee bank holiday and customers push the boat out on barbecue food and fizz. According to analysts at Kantar, grocery sales for the 12 weeks to the middle of May were less dire...
Oh Snap! Share price plunge reflects an advertising slowdown
Thursday 26 May 2022Shares in the owner of social media platform Snapchat – Snap (SNAP:NYSE) – slumped by over 30% after the group revealed it will miss quarterly estimates. The group blamed a macroeconomic environment that had ‘deteriorated further and faster than anticipated’. While a degree of the weakness in Snap’...
Why Deere shares fell 14% despite lifting profit guidance
Thursday 26 May 2022Despite what looked like a decent set of quarterly figures, accompanied by a robust outlook, shares in agricultural equipment maker Deere & Co (DE:NYSE) fell sharply on the news (20 May). Several factors accounted for share price reaction, one being the febrile market environment where...
S&P 500 tips a toe into bear territory, but what should investors expect next?
Thursday 26 May 2022Unlike in sports nobody blows a whistle when stocks move from a bull market into a bear market. But one conventional definition says it is when a market drops 20% from the previous peak. On 20 May the S&P 500 index briefly registered a 20% drop from its peak in January 2022. The technology...