Ford (F.US), General Motors (GM.US) - shares of both automakers fell 6.8% and 5.4% respectively after UBS downgrade. Investment banks believe that the auto industry is rapidly moving toward vehicle oversupply following three years of unprecedented pricing power.
General Motors (GM.US) stock launched today's session with a bearish price gap, however buyers are trying to erase losses. Nevertheless as long as price sits above key support at $30.40, another upward impulse may be launched. Source: xStation5
US Open: Micron restores faith in the never-ending AI boom
Risk aversion to start the month
Record after record: Micron smashes Q4 results, server overload crashes website, stock surges post-market
📊Daily Summary: PCE inflation slowdown brings relief to Wall Street, but oil continues gains despite return of supply
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.