
Bloom Energy stock is in the spotlight this week because of its role in the beleaguered data center project in New Mexico. BE dropped to $254 on Thursday, before recovering a bit to the current $267. It remains about 25% below its highest point this year, and has formed an island reversal pattern. Bloom Energy […]
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Oil traders spent Thursday repricing every new headline out of the Gulf, but prediction-market traders are still giving almost no chance that normal traffic through the Strait of Hormuz returns by the end of September. Brent settled September 24 at $106.60 a barrel, up 3.4%, while West Texas Intermediate gained 2.7% to $94.61. That was […]
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Strong US PMIs and hawkish Fed rate hike bets boosted the US dollar and yields while WTI oil rebounded. Geopolitical Strains and Energy Market Volatility Geopolitical tensions in the Middle East continue to dictate market sentiment, heavily influencing both equity performance and energy costs. A key development involves Iran’s proposed seven-day plan to reopen the […]
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Nike (NKE) shares have come under pressure on Friday after a Bank of America analyst, Lorraine Hutchinson, downgraded the athletic footwear company to underperform. In her research note, Hutchinson lowered her price target on NKE to $30, signalling potential downside of another 15% from current levels. Her bearish call is particularly significant given Nike stock […]
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