Analyst who accurately predicted Palantir’s stock rally adjusts outlook for the future
Palantir Technologies Inc.’s shares soared by over 10% in after-hours trading on Wednesday following the release of its impressive fourth-quarter earnings report.
Tag: forecast
Standard Chartered Bank Forecasts Bitcoin to Reach $150,000 by 2024
Standard Chartered Bank has updated its Bitcoin price forecast for 2024, now projecting an increase from $100,000 to $150,000. The bank’s analysts cited increasing institutional adoption and growing mainstream acceptance as key factors driving the revised forecast.
Stock rally threatened as Powell’s testimony challenges rate-cut forecasts
Investors were caught off guard this week as Federal Reserve Chairman Jerome Powell’s testimony and the latest jobs report pushed back expectations of rate cuts. The stock market rallied in anticipation of a cut, but now faces uncertainty as traders reassess their strategies.
Nvidia’s robust forecast outperforms expectations despite challenges in Chinese market
Nvidia has reported strong results for the third quarter, exceeding analysts’ expectations across the board. The company’s revenue totaled $4.73 billion, surpassing the consensus estimate of $4.41 billion.
Bleak future: France lowers its 2024 growth forecast due to worsening conditions
The French government has recently announced a reduction in its growth forecast for 2024, citing a darkening outlook for the country’s economy. This decision comes as a result of various economic factors that are expected to impact growth in the coming years.
Analysts Divided on Natural Gas Price Outlook: Will Bearish Trend Persist?
Natural gas prices have seen a recent decline in value, sparking speculation among market analysts about whether this trend will continue or if a reversal is on the horizon. The distribution of natural gas supplies has been a key factor influencing market sentiment.
Forecast: Gold Prices Set to Rise Following Bullish Reversal
The gold price forecast has taken a bullish turn, sparking a rally in the market. Analysts are predicting a strong uptrend in the coming weeks as the precious metal continues to attract investors seeking a safe haven amid economic uncertainty.
Natural Gas Price Forecast: Natural Gas Hits Lowest Trend at 1.57, Marking a Significant Drop
Natural gas prices have reached a significant low, with the price per million British thermal units (MMBtu) hitting a record-breaking low of $1.57. This drop in price comes as a surprise to many industry experts, who had previously anticipated a rise in the cost of natural gas.
Investors Remain Bullish on Gold as Price Forecast Remains Positive
Investors have been flocking to gold as uncertainty looms over the global economy. The precious metal has remained resilient, attracting buyers on every pullback. This trend is expected to continue in the foreseeable future, with gold price forecast showing a bullish outlook.
USD/JPY Forecast: Strong US Inflation Signals Potential Breakout, Eyes on Key Levels
Inflation Surges in the United States
Recent data released by the Bureau of Labor Statistics shows a significant increase in inflation rates in the United States. This rise in consumer prices has been driven by various factors, including increased demand as the economy recovers from the pandemic, supply chain disruptions, and rising energy costs. The surge in inflation has caught the attention of traders and investors worldwide, leading to a bullish outlook in the USD/JPY currency pair.
