Base Metal Prices Gets a Boost from China’s Reopening
Since November, base metals have soared on expectations that China’s reopening will increase demand for raw materials. Tin, zinc, and copper have risen more than 20% in three months, helped by the US Federal Reserve signaling a slowing in the pace of interest rate rises and a weakening of the US dollar, which importers use…
FedEx: An Analysis of the Company’s Potential and Risks
FedEx’s (NYSE: FDX) stock has largely recovered from its September lows and is poised to benefit from a few tailwinds, including a burgeoning e-commerce industry. However, I believe that the obstacles and risks that FedEx faces outweigh any potential benefits from purchasing, leading me to recommend a HOLD in FDX. Benefits FedEx, as previously indicated,…
Intel Stuck in a Quagmire, With no End in Sight
Intel Corp. (INTC) concluded 2022 with its worst financial performance since the dot-com crisis more than two decades ago, owing to a double whammy of a decline in both PCs and data centers, and is not expected to reverse anytime soon. Intel’s yearly earnings fell more than 60% in 2022, and revenue fell more than…
Levi Strauss is a Fitting Choice for Income Chasers
Before the Q4 earnings report, Levi Strauss & Co. (NYSE: LEVI) got downgraded among stock analysts, and price target reductions that, honestly, failed to account for the company’s brand power, market position, DTC channels, and the underlying consumer strength that continues to sustain inflation. The point is that only a few days later, the company…
Reserve Currency: Yuan’s Global Ambitions, Still a Dream
There is renewed speculation that China’s yuan will soon challenge the US dollar as the world’s reserve currency. This time, the impetus for such discussion was Chinese President Xi Jinping’s visit to the Middle East, where he stressed the reach of Chinese trade and also stated his wish for oil contracts to be settled in…
Crypto Sector Charges Like a Bull as Bitcoin Reaches New Highs, Investors Look for Ways to Profit
The crypto sector is charging like a bull this year, but don’t worry if you missed it, you can still try and grab one and go for the ride! Early this week, bitcoin reached a new high by almost touching $24,000. That was a level not seen since August! The reason for the strength is…
Raymond James Favorites: 5 Stocks With Big Upside
Analysts at Raymond James who contribute to the firm’s well-regarded ‘Analysts’ Current Favorites’, must present one of the stocks in their coverage space for inclusion on the list. As a result, we gathered a list of stocks that can be expected to perform. We sifted over the list, seeking companies that are neither overextended nor…
Disney Stock in 3 Years, an Outlook
Bob Iger’s time is running out. The former Walt Disney (DIS) CEO who thought he’d spend a pleasant retirement writing books and possibly pursuing political ambitions has returned to the leadership of the media behemoth. There’s a lot to repair at the corporation, and it’s easy to wonder if he’ll be able to complete it…
Michael Burry Says the Recent Market Rally is a Trap
Michael Burry is a well-known investor. Many retail investors scrutinize his every word and social media post in search of hints about smart investment strategies. His stock portfolio is reviewed to see which firms he trusts and which he does not. Burry, who manages the hedge fund Scion Asset Management, has shorted some of the…
After Receiving Rating Upgrades, Is it Time to Buy Qualcomm?
Qualcomm (NASDAQ: QCOM) shares continue to rise on the day after the company earned a bullish upgrade from Barclays. An upgrade so soon to the company’s quarterly earnings report, which is scheduled on February 1, is a positive indication for a stock that has been on many investors’ radars in recent months. The rating also…
