stockmarket
This morning, airline company Ryanair Holdings PLC announced their full year results for FY 2024. Record-breaking profits The Irish company reported a 34% rise in profits after tax to €1.92 billion as the carrier saw an increase in customers to 183.7 million fliers in the year, a 9% increase as compared with 2023. This is the highest level of profit ever recorded for the airline company. Revenues also increased by a significant 25% to €13.44 billion. Rising costs This was in spite of Ryanair’s fuel bill rising by about €1.25 billion, roughly 32%, to a total of €5.14 billion for fuel costs. On ...
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XRP, the cryptocurrency backed by Ripple Labs, has caught the attention of crypto market participants today, May 20, as significant whale transactions have created a buzz. These movements come amid a period of highly volatile price action for XRP, prompting traders and investors to speculate on potential gains. Whale activity: major transactions recordedOn-chain data from Whale Alert reported a substantial 283 million XRP moved in a series of transactions over the past 24 hours. Among these, a notable transaction involved 33 million XRP, valued at $16.76 million, transferred to Bitstamp by a w...
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The burn rate of Shiba Inu (SHIB) has skyrocketed by over 500% today, according to data from Shibburn. This significant increase in the burn rate has generated optimism among traders and investors about potential positive price movements for the meme coin, often dubbed the “Dogecoin killer.” Massive token burn despite trading slumpDespite the impressive burn rate hike, SHIB traded in the red, indicating that the immediate price reaction has not yet mirrored the positive sentiment. The token saw a substantial decline in its supply with the burning of 9.83 million tokens, primarily from two spec...
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Crude oil prices saw an uptick on Monday due to political instability in major oil-producing countries. This follows the tragic death of Iranian President Ebrahim Raisi in a helicopter crash and the cancellation of a planned trip to Japan by Saudi Arabia’s Crown Prince Mohammed bin Salman due to health concerns regarding his father, King Salman. Brent and WTI crude prices climbBrent crude increased by 41 cents, or 0.5%, reaching $84.39 per barrel by 0632 GMT. Earlier, it hit $84.43, marking its highest point since May 10. Similarly, U.S. West Texas Intermediate (WTI) crude for June rose by 23 ...
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SoundHound (NASDAQ: SOUN), Super Micro Computer (SMCI), and C3.ai (AI) stock prices will be in focus this week as Nvidia (NVDA) publishes its financial results on Wednesday. These results will provide more colour about the state of the AI demand globally. Most importantly, the numbers will come at a time when most AI stocks have plunged hard from their highest point this year. SoundHound AI’s stock has dropped by over 50% from its highest level in 2024. Similarly, SMCI, one of the hottest stocks of 2023, has crashed by over 27% while C3.ai has fallen by more than 30% from its highest level in ...
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Nikola (NASDAQ: NKLA) stock price continued slumping this month as concerns about its cash flow and overall demand. It has crashed by over 18% in the past 30 days and is hovering at its all-time low. It is down by over 99% from its al–time high. Demand risks remainNikola, a leader in the hydrogen trucks industry, has made a lot of progress as I wrote in my last article here. It has moved from R&D to full production and deliveries. In its most recent results, the company said that it had manufactured and sold 75 trucks. Nikola also noted that it was seeing strong demand from its customers. Howe...
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Keyword Studios (LON: KWS) share price has staged a strong recovery in the past few weeks. It jumped to 1,470p on Friday, its highest swing since March 13th. Its highest point was a 33% increase from its lowest level this year. Keyword Studios stock price will likely surge hard on Monday after reports emerged that EQT, a Swedish private equity company, is in talks to buy it for £2.2 billion. The company’s stock had a market cap of over $1.16 billion, meaning that EQT is paying a 70% premium. It is unclear whether Keyword will accept the deal since it had rejected an offer before. However, I be...
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Zoom Communications (NASDAQ: ZM) stock price has gone through a prolonged turbulence in the past few years. After surging to $588 during the pandemic, it has dropped to $64, bringing its market cap to $19 billion from a peak of $182 billion. Zoom Communications earnings aheadZoom, a company whose name became a verb, has fallen from grace as demand for virtual meetings faded and as competition from Cisco, Microsoft, and Google increased. As a result, its revenue growth and profits have stalled. Annual revenue rose to $4.5 billion in 2023 from $4.3 billion in 2022 after rising from $622 million ...
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Healwell AI (TSX: AIDX) has had an impressive turnaround, making it one of the best-performing Canadian technology companies this year. Its stock is already up by over 100% in 2024, helped by its investments in Artificial Intelligence (AI), its partnership with Well Health Technologies, and its improving balance sheet. It has jumped by ~620% in the past 12 months, beating popular AI names like Nvidia (NVDA) and SoundHound AI (SOUN). Turnaround continuesHealwell AI, formerly known as MCI OneHealth, has implemented a strong turnaround that has saved the company from bankruptcy. Before this turna...
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Robinhood Markets Inc (NASDAQ: HOOD) is flying high on Friday after a Bank of America analyst issued a super bullish note in its favour. Robinhood stock could gain another 22%Craig Siegenthaler doubled upgraded the financial technology company this morning to “buy” and said its shares could climb to $24 which suggests another 22% upside from here. The analyst is positive on Robinhood stock as he expects retail activity to remain strong moving forward. His research note reads: Following the emergence of a new bull market last year, we have monitored a rebound in multiple metrics at Robinhood Ma...
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