LVMH share price continued to struggle this month, hovering near its lowest level since December 2020. The stock is down more than 54% from its 2023 peak, erasing billions of dollars in value as market capitalization has fallen from €439 billion to about €189 billion. Over the past 12 months, the slide has also cut
BP’s share price has staged a strong recovery this year, rising from a low of 445.10p in July to its current level of 596.5p. This rebound has coincided with the ongoing surge in crude oil prices, as investors also await the unveiling of a new strategy by CEO Meg O’Neill. Technical analysis suggests that the
Lloyds share price rose for three consecutive days after the International Monetary Fund (IMF) upgraded its outlook for the UK economy and as investors positioned themselves ahead of the upcoming bank earnings season. LLOY climbed to 105.75p, up 6.15% from its lowest level this month. So, will the rally gain momentum or run out of
Micron stock has slipped substantially over the past few days, falling from this month’s high of $1,107 to $990. It has entered a bear market after falling more than 23% from its year-high. This retreat has happened despite its strong revenue and profitability growth and the latest share buyback announcement, a sign that investors are
Broadcom stock has remained under pressure in the past few months, even as the artificial intelligence (AI) boom has accelerated. It has slumped from a record high of $492 to the current $354, with its market capitalization falling from $2.29 trillion to the current $1.69 trillion. Technicals suggest that the stock may drop further in
Morgan Stanley stock has slipped substantially in the past few weeks as enthusiasm about mergers and acquisitions (M&A) and IPOs cooled. MS initially jumped to $230 in July and then tumbled to a low of $182.62. Focus now shifts to its upcoming earnings, with the options market pointing to moderate volatility. Morgan Stanley is being
Bank of America stock has come under pressure in the past two months, mirroring the performance of most banks in the US. After peaking at $65.07 in August, the stock pulled back to $54.58. This retreat will now be put to the test as the company publishes its financial results on Wednesday. Bank of America
Celestica stock fell more than 5% on Tuesday, reaching its lowest level since September 21 as AI-related companies broadly declined. Shares traded at $480 in Toronto, about 14.5% below their October peak. So, is this the start of a bear market or will it buy the dip as its earnings report nears? Celestica stock drops
Caterpillar stock has suffered a big reversal in the past few months, moving from a high of $1,070 in June to the current $759, its lowest level since April 16. CAT has dropped by 30% from the year-to-date high of $1,070. This retreat will likely continue as a death cross pattern slowly nears. Caterpillar is
Nu Holdings stock price has pulled back in the last two consecutive days as investors started booking profits after the recent surge. It dropped to $15.6, a few points below this month’s high of $16.17. This retreat may continue as investors attempt to fill the fair value gap formed earlier this month. Nu Holdings stock