Get the latest insights on Carvana (CVNA), Intuitive Machines (LUNR), and Rivian (RIVN) in today's market update. Despite Carvana's earnings miss, the stock surged 40% on optimistic outlooks and short-seller actions. Intuitive Machines' successful moon landing propelled its shares 17% higher, with $10 becoming a crucial psychological level. Meanwhile, Rivian continues to face downward pressure following disappointing earnings, leading analysts to reassess their outlook. Stay informed on these market movers and potential trading opportunities.
Explore the latest insights into the world of oil as 'black gold' gears up for potential movements. Despite recent projections falling short of previous high expectations, factors like increased global demand and seasonal trends are shaping the narrative. Delve into the seasonal dynamics, where February through June historically emerges as a robust period for oil, with positive gains averaging 64% per month over the past 19 years. Assessing technical indicators, the United States Oil Fund (USO) chart signals a promising breakout potential, particularly with USO shares poised to surpass resistance levels and bullish moving averages. With momentum building, anticipate a bullish trajectory for oil and USO shares over the next three to four months, potentially reaching a $80 price target amidst inflationary concerns and Fed actions.
Discover the latest in the AI Universe with Super Micro Computer (SMCI) as it experiences a significant downturn of over 35% in just two trading days. Explore the intriguing dynamics behind its fluctuation, likened to a game of musical chairs, and delve into the pivotal numbers differentiating it from industry titan Nvidia (NVDA). Learn about the crucial role of 'float' - available shares for trading - in shaping stock performance and volatility, with SMCI's low float accentuating its susceptibility to dramatic swings. Gain insights into the implications for investors amidst the turbulence, and anticipate the potential for another buying frenzy as SMCI navigates its fundamental growth trajectory. Explore technical support levels and future projections, while considering alternative AI investment options for those seeking a smoother ride in the market.
Stay informed with our latest market update covering Palo Alto Networks (PANW), Walgreens Boots Alliance (WBA), and Uber (UBER). Discover why PANW faces a sharp decline post-earnings, while WBA grapples with its removal from the Dow Jones Industrial Average. Learn how Uber's inclusion in the Dow Jones Transportation Index impacts its trading dynamics. Gain insights into potential support and resistance levels for these stocks amidst market shifts.
Despite past resistance to shorting, Tesla faces a rough road ahead, predicts the author. With a poor earnings report, CEO pay struggles, and competition heating up from GM and Ford, Tesla's stock is expected to drop to $150 due to activist pressures. While Tesla isn't going out of business, waiting for this lower price point before buying is advised, with Ford seen as a better near-term bet due to its hybrid push. Remember, this is just one perspective, and the future remains uncertain. Do your own research before investing.