As oil continues to soar and approaches $70 a barrel, shares of many stocks in the energy sector have rallied as well. Some appear to be poised to keep moving higher.
Competition in the electric vehicle sector continues to heat up as traditional manufacturers unveil their electrification and battery development plans and roll-out new models.
If shares of Apple Inc. (NASDAQ: AAPL) reach the $120 level, they may rebound.
This level was support during the second half of March. Levels that had previously been support can become so again, and that could happen here.
Clovis Oncology Inc. (NASDAQ: CLVS) is gearing up to present this week at the American Society of Clinical Oncology annual meeting, which runs June 4-8.
The company is expected to report updated Phase 1b results on Lucitanib and Opdivo in patients with advanced solid tumors.
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Workhorse Group Inc. (NASDAQ: WKHS) shares gapped higher Thursday after retail traders flooded into the stock trying to take advantage of the high short interest. The short float percentage in the stock is showing to be above 42%.
Inflation is here.
Commodity prices are soaring, with the price of oil up by about 10% in just two weeks. As a result, many energy-based stocks have already broken out.
Institutions have increased their short position on Tilray Inc (NASDAQ: TLRY) by over 12 million in the last month alone and it looks as though they’re about to regret it.