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The technology industry has been bearing the brunt of the Fed’s aggressive interest rate hikes this year. Concerns over rising borrowing costs and slowing demand have led to tech stocks witnessing massive sell-off since the beginning of the year. The tech-heavy Nasdaq has lost close to 30% year-to-date. The latest disappointing third-quarter earnings and weak […]

The U.S. Gross domestic product rose by an annualized rate of 2.6% during the third quarter, according to initial estimates released by the Bureau of Economic Analysis. While the economic growth underscores that the United States is not currently in a recession, economists cautioned that the latest GDP report doesn’t mean one isn’t looming. Although

Bear markets can be challenging processes for investors. However, the one upside is that they give an opportunity to buy high-quality companies at very attractive prices.  Although it’s still early in the bear market, and odds favor another leg lower as we are nowhere close to a Fed ‘pivot’ and the economy has only just

September’s employment and inflation data have beaten expectations and seem to have paved the way for the Fed to respond with another aggressive rate hike during its November meeting. With the previous rate hikes manifesting in the form of softening demand, increased borrowing costs, and compressed margins in the Q3 earnings, a soft landing for

Amgen Inc. (AMGN) discovers, develops, manufactures, markets, and delivers human therapeutics worldwide. The company focuses on a wide range of areas, such as inflammation, oncology, cardiovascular disease, bone health, and neuroscience. It serves healthcare providers, including physicians and their clinics, dialysis centers, hospitals, and pharmacies. The company has been delivering solid financial performance by serving

The stock market’s recent rally has relieved investors of the consistent sell-offs. Last week, the Dow notched its best three-week stretch since November 2020. While the mood is upbeat on the third-quarter corporate earnings releases and hopes of the Fed going easy with future interest rate hikes, this optimism may fizzle out soon. With inflation

Renowned investor Cathie Wood is the founder, CEO, and CIO of Ark Invest, an investment management firm. Its flagship fund, ARK Innovation ETF (ARKK), seeks to generate long-term capital appreciation by investing in businesses across the globe that seek to benefit from disruptive innovation. Her unique approach to investing helped her funds deliver significant returns

Energy Transfer LP’s (ET) core operations include complementary natural gas midstream, intrastate, and interstate transportation and storage assets; crude oil, natural gas liquids (NGL), refined product transportation assets; and NGL fractionation. The company owns and operates more than 11,600 miles of natural gas transportation pipeline, three natural gas storage facilities in Texas and Oklahoma, and

The VIX finally closed below 30 on Friday and below the 20-day moving average of 31.20. It is also nearing the critical 27.50 area that served as serious upside resistance for most of September until it finally gave way. Earnings from tech bell weathers Apple (AAPL) and Microsoft (MSFT) next week and the Fed rate

Automotive company Mullen Automotive, Inc. (MULN) distributes and sells electric vehicles (EVs). The company also operates CarHub, a digital platform that leverages artificial intelligence to offer an interactive solution for buying, selling, and owning a car. On October 19, MULN announced that the U.S. Bankruptcy Court approved its acquisition of EV company Electric Last Mile