UnitedHealth soared 16% following its impressive earnings beat a week ago, even amidst the fallout from the cyberattack on its subsidiary, Change Healthcare. However, with broader market indicators showing signs of weakness, UNH is starting to reveal cracks – and the once-strong rally appears to be losing steam. To confirm a bearish bias on UNH,
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Goldman Sachs analyst Eric Sheridan has named Amazon as its top e-commerce pick, anticipating strong trends in the sector for the first quarter. This bullish sentiment is reflected in Sheridan’s decision to maintain a buy rating and a $220 price target on Amazon, despite the company expected to post its earnings results on April 30.
In the face of macroeconomic challenges and geopolitical tensions, investors are constantly seeking stability in their portfolios. One way to achieve this is by turning to dividend-paying stocks, which provide a steady stream of income regardless of market fluctuations. According to Wall Street analysts on TipRanks, Enterprise Products Partners (EPD) is considered as one of
Bitcoin halving is an event where the rewards given to miners who validate transactions and maintain the network are reduced by half. This event occurs approximately every four years as per the Bitcoin code. The purpose of halving is to slow down the rate of issuance of new bitcoins, creating a scarcity effect that contributes
The ongoing conflict between Israel and Iran is contributing to market uncertainty, with tensions escalating rather than de-escalating. This geopolitical turmoil is adding pressure to an already volatile market environment. The implications of this conflict on global markets are significant, as investors grapple with the uncertainty it brings. The recent fluctuations in U.S. Treasury yields,
As the Bitcoin halving approaches, the cryptocurrency mining industry is gearing up for a supply shock that will impact the rewards revenue for miners. Many publicly listed mining companies have been making strategic moves to ensure they are well-prepared for the event. This includes placing orders for new mining equipment, increasing electricity capacity, and growing
The upcoming bitcoin halving is a significant event that will impact miners by cutting their main revenue stream in half. Despite the potential risks associated with this, analysts believe that larger, publicly traded mining companies are well-prepared to weather the storm and even thrive in the aftermath. The recent weakness in mining stocks has created
The Nvidia-led tech rally has been on a bullish run for months, but signs are starting to show that it may be losing steam. A bearish engulfing candle appeared on March 8th, signaling a potential shift in direction in the chip sector, as seen in the iShares Semiconductor ETF (SOXX) chart. This trend is reflected
The recent selloff in the major averages has raised concerns among investors, as the S & P 500 dropped over 1% on Monday afternoon. The increase in the CBOE Volatility Index, known as the market’s fear gauge, indicates a heightened level of uncertainty in the market. Several factors, including the escalating conflict in the Middle
Goldman Sachs saw a 3.3% increase in premarket trading after beating Wall Street’s first-quarter earnings expectations. The company posted earnings of $11.58 per share on revenue of $14.21 billion, which surpassed analysts’ predictions of $8.56 per share on revenue of $12.92 billion. The positive performance was fueled by strong results in trading and investment banking