The biggest pre-market stock gainers on Monday include Carbon Revolution, Super League Enterprise, and OrganiGram, while NexImmune, RiskOn International, and Benson Hill are among the top losers.
The Nigerian naira has firmed to 1,000 per dollar on the black market after the central bank began clearing outstanding currency forwards owed to banks.
The U.S. stock market's recent decline is unlikely to be the final low of the correction, as market timers have not exhibited the despair and pessimism typically seen at a significant bottom.
The gum hydrocolloid market is projected to reach a valuation of US$ 11,983 million in 2023, with growing health trends driving the demand for natural-based products in the food, cosmetic, and pharmaceutical industries.
Tesla's stock has risen above the 200-day moving average, boosting hopes of an uptrend recovery, but it still faces a significant downtrend challenge that would require a 34% rally to overcome.
Wall Street veteran Richard Bernstein believes there is a generational buying opportunity in US stocks, but strategist John Hussman disagrees due to historical S&P 500 returns, although his negative forecasts have been consistently wrong in recent years.
Stock futures are slightly higher as hopes persist that the Federal Reserve will halt its tightening of monetary policy.
The recent market rebound is likely a bear market rally rather than the start of a sustained uptrend, according to analysts at Morgan Stanley, who cite weaker earnings revisions and macroeconomic data as evidence.
Despite high mortgage rates and a lack of housing inventory, certain areas in America's housing market, particularly in the Northeast and Midwest, are experiencing high demand and quick property sales, making them the hottest housing markets in the country. These markets offer relatively affordable prices compared to the national average, but their affordability may not last long as prices continue to rise. The Binghamton, NY, area has also emerged as a newcomer to the top 20 markets due to its low median list price and affordable homeownership options.
XRP has surged over 11% to become the top-performing major cryptocurrency in the past 24 hours, potentially boosted by positive developments for Ripple, including key approvals in Georgia and Dubai.
Asian markets, including Japan, Hong Kong, China, and India, experienced positive gains, while European markets showed mixed results with slight declines in London, Paris, and Frankfurt.
The downturn in euro zone business activity accelerated last month, raising concerns of a possible recession, as the services industry weakened and the Composite Purchasing Managers' Index (PMI) fell to its lowest reading since November 2020.
Palantir Technologies, a leader in artificial intelligence (AI) services, presents an attractive investment opportunity due to its expertise, growing demand, and strong financial performance, making it a stock to buy before the onset of the next bull market.
India's markets regulator, the Securities and Exchange Board of India (SEBI), plans to allow same-day settlement of equity market trades in order to assist retail investors, as long as there are no significant objections from market participants.
Morgan Stanley's top-ranked strategist believes that the recent rally in the S&P 500 Index is just a bear market rally rather than the start of a sustained upswing, citing a gloomy earnings outlook and weaker macro data.
World shares were mixed as investors grew cautious over the potential for recession in Europe, while U.S. futures rose and oil prices gained after Saudi Arabia and Russia committed to maintaining oil supply cuts.
Stocks on Wall Street are little changed as earnings season winds down and there is minimal economic data on inflation and US employment, while oil prices rise and the Israeli military continues its conflict in Gaza.
Services PMI in Germany, France, and the Euro Area decreased in October, while the S&P Global Spain Services PMI and HCOB Spain Composite PMI both indicated stabilization in Spain's private sector.
The global sodium air battery market is projected to reach a value of $2.3 million by 2031, driven by innovations in battery manufacturing techniques and collaborations between manufacturers, research institutions, and technology companies.
European stock markets opened slightly higher as investors considered the possibility of an end to interest rate hikes amid a weakening economy.
The global digital printing market is projected to reach a value of $35.71 billion by 2028, with a CAGR of 3.7% from 2021 to 2028, driven by the rise in demand for sustainable printing and cost-efficient printing procedures.
Wholesale retailer Kitwave Group expects its fiscal 2023 performance to meet market expectations, following a strong first-half performance, while also announcing the retirement of its CEO and the appointment of a new Chief Operating Officer.
The global market for electric vehicles in land, sea, and air, excluding automobiles, is predicted to be worth over US$1 trillion by 2044, driven by the rapid electrification and growth of various vehicle sectors.
Gulf Marine Services has upgraded its full-year guidance and expects earnings to improve further in 2024, driven by a significant improvement in backlog visibility and market outlook.
The Federal Reserve's decision to leave interest rates unchanged, combined with comments from Fed Chairman Jerome Powell, has raised questions about whether the peak of policy tightening has been reached.
The global motorcycle chain sprocket market is projected to reach a valuation of $2,449.20 million in 2023, with a CAGR of 6% during the forecast period, driven by factors such as the increasing demand for electric motorcycles, lightweight materials, high-performance components, customization options, and smart technology.
Zomato's Q2 outing sees a 1700% jump in net profit, leading to analysts raising target prices and predicting strong revenue growth for the company.
Blockchain technology adoption remains high regardless of the market cycle in the cryptocurrency industry, with the number of daily cryptocurrency users expected to reach 100 million within five years. A recent report by PwC highlights the need for broader adoption of blockchain to address the issue of financial inclusion, while obstacles faced by banks in adopting the technology are also emphasized. Surprisingly, India is leading the global crypto adoption index, followed by Vietnam, the Philippines, Ukraine, and Kenya.
Oil prices rise as Saudi Arabia and Russia pledge to continue with voluntary output cuts, while investors monitor the potential impact of tougher US sanctions on Iranian oil.
Cello World Ltd. shares debut at a 28.24% premium on the Bombay stock Exchange, after raising Rs 567 crore from anchor investors ahead of its IPO.
The global all-terrain vehicle market is projected to reach $5.0 billion by 2031, with a CAGR of 4.8% during the forecast period, driven by factors such as favorable government regulations and the rise in trend of recreational activities and adventure sports. The sport all-terrain vehicle segment is expected to dominate the market, and the electric powered segment is predicted to witness the fastest growth. North America currently holds the largest market share, but the Asia-Pacific region is expected to experience the highest CAGR.
The global mobile payment market is projected to reach $12.06 trillion by 2027, growing at a CAGR of 30.1% from 2020 to 2027, driven by factors such as smartphone penetration, growth in mobile commerce, and increasing demand for fast transaction services.
Indonesia's third-quarter GDP growth slows to its weakest in two years as exports decline and household spending softens, with economists predicting further cooling due to interest rate hikes, falling commodity prices, and global economic weakness.
The Pound Sterling is expected to see further gains as the market sentiment is favorable, despite predictions of a slight contraction in the UK economy in Q3 due to higher interest rates. Deepening Middle East tensions could weigh on overall market sentiment.
The lithium industry has faced a challenging year due to weak demand and declining prices, but long-term prospects remain positive with the expected growth of electric vehicles, making stocks like Albemarle, Sociedad Quimica y Minera de Chile, and Lithium Argentina well-positioned for future growth.
Asian markets are expected to be buoyed by growing confidence in the US economic 'soft landing', as well as easing financial conditions, with key releases from China and other Asian countries providing more direction to the markets this week.
The global cargo handling equipment market is expected to reach $48.3 billion by 2031, driven by the growth of the e-commerce industry, technological advancements in cargo handling solutions, and the adoption of IoT-enabled connected equipment.
Innovations in stationary fuel cell technologies in China and Japan are driving efficiency and cost-effectiveness, leading to a projected market value of $2.5 billion by 2031, with a CAGR of 13.6% from 2022 to 2031, according to a report by Allied Market Research. These advancements are aligned with efforts to reduce emissions and develop a hydrogen economy, although high costs and alternative energy storage options remain challenges.
The global pet care market is projected to grow by USD 72.82 billion from 2022 to 2027, driven by the increasing popularity of customization in pet care products and the rising demand for pet care goods and services due to the growing number of pet owners, although competition from new players in the e-commerce sector poses a challenge to market growth.
Startups are developing humanoid robots that can operate in human spaces, with companies like Agility Robotics and Figure AI working on human-centric robots that can perform tasks like picking up tote bins and navigating warehouses, aiming to fill labor shortages that come with declining birth rates; however, the development of humanoid robots is not always straightforward, as Boston Dynamics found that focusing on humanoid research led to the creation of a non-humanoid robot that could handle boxes faster and work longer hours.
The US dollar experienced a retreat in response to plummeting US Treasury yields and weaker hiring activity, leading to a rally in major currency pairs; meanwhile, gold remained subdued despite the weaker dollar and falling rates, as the geopolitical premium in the precious metal began to unwind.
Cloudflare and Elastic are two growth stocks that investors should consider as they have the potential for significant share-price appreciation, with Cloudflare expecting sales growth of 332% and Elastic expecting sales growth of 139% over the next five years.
Aehr Test Systems' value has dropped 18% in the past week, with insiders selling $36 million worth of stock in the last year, despite the average selling price being lower than the current share price, indicating that insiders may have been better off holding their shares.
The global organic food and beverages market is projected to grow at a CAGR of 15.85% from 2022 to 2027, with North America contributing 35% to this growth due to the rising vegan population and increasing demand for healthier organic options.
Diageo is a global beverage company focusing on alcoholic beverages, with a plan to grow its market share through premiumization and targeting the younger, wealthier demographic.
Yext, Inc. (NYSE:YEXT) has experienced a decline in share price over the past three years, with a 67% decrease overall, though there have been signs of promise in recent weeks; the company's weak revenue growth of 6.3% per year may have contributed to unfavorable returns, but there is potential for improvement.
Warren Buffett's Berkshire Hathaway reported a 41% increase in operating profit, while the stock market had its best week of 2023, with the Dow Jones, S&P 500, and Nasdaq all showing gains and several stocks flashing buy signals. Nvidia, Lululemon Athletica, Shopify, DraftKings, Zscaler, and NetEase are stocks to watch, while Tesla stock rebounded but hit resistance at key levels.
Microsoft is considered a superior investment prospect due to perpetual demand for technology, its adaptability to market changes, and its reliable track record of growth.
Roku's stock price has surged 52% in the past five days after its Q3 business update revealed accelerated revenue growth, signaling a potential turnaround in the ad market for the streaming giant. However, management warns of an uneven recovery and challenging growth comparisons, so investors should continue monitoring the advertising demand and the performance of other streaming companies before making a buying decision.
With interest rates at a 22-year high, economists are debating whether the job market or consumer spending will weaken first, as both factors are intertwined and heavily impact each other.