We had been nervous for a few weeks over the possibility of a profit taking snap emerging. So the recent minor sell-off has come as no major surprise. We can see how price action has “only” dropped down to the lower end of the existing bullish trend channels. So little technical damage has been done … Read more
We had been worried about a more sizeable downside move in the months ahead but had been forced to stay positive due to the strength of the near term underlying trends. This has now changed. A great deal of technical damage has taken place in the markets in recent days and more looks set to … Read more
The markets continue to recover from the major concern recently over the Japanese carry crade breaking down. What is interesting is that after the index broke under the 5,400 area it quickly moved the same distance again to the downside, as shown by the blue region in the enclosed chart. Somewhat reminiscent of how a … Read more
Nvidia has undoubtedly been the world’s most closely watched stock this week. Earnings released on Wednesday produced a disappointing reaction in the stock, but the results themselves were not a disappointment as they confirmed momentum in demand for chips was intact. – Advertisement – Expectations were high going into Nvidia’s earnings update this week, and … Read more
Image source: Getty Images The UK stock market has been having a bit of a funny turn. On one hand, the flagship FTSE 100 index of leading UK shares hit a new all-time high earlier this year and some of the individual shares in it have been absolutely flying. On the other hand, though, the … Read more
Cadmium-free quantum dots developer Nanoco (LON: NANO) has suspended the joint development agreement with ST Microelectronics. There are also unlikely to be revenues from another sensing programme. The joint development agreement with STMicroelectronics involved a two-year programme to optimise a second-generation sensing material. Nanoco says that it met all the development milestones. The decision is … Read more
Image source: Getty Images The past decade hasn’t been kind for ITV (LSE:ITV) shares. As a traditional commercial broadcaster, the FTSE 250 company’s relevance in an increasingly digital age is a growing cause for concern. At 78.8p per share, ITV’s share price has slumped 69.1% from 254.71p 10 years ago. It means a £10,000 investment … Read more
The Pitch Pit (LON: PICH) share price recovered 532% to 0.06p as it refocuses on AI ventures. The company plans to raise up to £500,000. Digital assets investor KR1 (LON: KR1) reported interim revenues from those digital assets improving from £3.91m to £8.72m, although lower gains on disposals of assets meant that the pre-tax profit … Read more
Image source: Getty Images Looking for brilliant bargains to buy at the start of the new month? Here are two cheap FTSE 250 shares I feel deserve serious consideration. Gold star Gold’s bull run has supercharged the share prices of many mining stocks over the past year. Yet investors can still dig out plenty of … Read more
Optima Health has demerged from Marlowe (LON: MRL) on the basis of one share for each Marlowe share held. The company is the market leader in the UK occupational health sector with a share of around 10%. This has been achieved through investment in technology. The Optima Health business was originally acquired by Marlowe in … Read more