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MEXEM Technical Analysis
June 2, 2023

Top Growth Stocks to Watch in June 2023

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GameStop's Future in Jeopardy: CEO Departure Triggers Stock Plunge and Market Value Decline
June 8, 2023
GameStop's Future in Jeopardy: CEO Departure Triggers Stock Plunge and Market Value Decline

GameStop's shares saw a dramatic 20% drop after CEO Matt Furlong's sudden exit, triggering concerns about its struggling business. The company, which became a meme-stock favorite, is expected to lose about $1.6 billion in market value. The loss of key personnel and a lack of clear strategy are raising questions about GameStop's future.

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Riding the AI Wave with the Semiconductor ETF SOXQ
June 8, 2023
Riding the AI Wave with the Semiconductor ETF SOXQ

The semiconductor industry, fueled by advances in artificial intelligence (AI), is experiencing a resurgence, attracting investors to the Invesco PHLX Semiconductor ETF (SOXQ). With a 38% growth year-to-date and a low expense ratio, SOXQ offers investors exposure to leading semiconductor companies like Nvidia, AMD, and Marvell, all pivotal players in the AI revolution.

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Anticipating a Market Shift: S&P 500 on the Cusp of Bull Territory Amid Increased Short Bets
June 7, 2023
Anticipating a Market Shift: S&P 500 on the Cusp of Bull Territory Amid Increased Short Bets

The S&P 500 is nearing a bull market, but this has not deterred traders from increasing short bets, with the index now 17.4% short. While some strategists point to a potential decline in earnings due to stricter Fed policies, others argue for holding strong through 2023. The tech sector, driven by AI, has seen significant growth, contributing to the market's resilience and bolstering optimism for continued momentum.

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Inditex Triumphs: Zara's Parent Company Reports Robust Sales Growth Despite Economic Headwinds
June 7, 2023
Inditex Triumphs: Zara's Parent Company Reports Robust Sales Growth Despite Economic Headwinds

Inditex, the parent company of Zara, reported a strong 16% sales boost for its spring-summer collection, despite challenges from higher wage costs and the exit from its Russian market. The company also noted a 54% surge in first-quarter profits, surpassing expectations. Its strategy of maintaining higher pricing outside the Eurozone and passing cost increases onto consumers, is seen as a key factor for its continued success.

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Intel's Planned $1.5 Billion Stake Sale Causes Mobileye Shares to Slide
June 6, 2023
Intel's Planned $1.5 Billion Stake Sale Causes Mobileye Shares to Slide

Intel's announcement to sell a $1.5 billion stake in autonomous driving firm Mobileye resulted in a more than 5% premarket slump in Mobileye's shares. This planned sale will decrease Intel's voting share in Mobileye from 99.3% to about 98.7%. The news comes as Mobileye faces stiff competition from semiconductor businesses and experiences decreased demand for EVs in China.

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Palo Alto Networks' Shares Surge by 4% as the Company Prepares to Join S&P 500
June 6, 2023
Palo Alto Networks' Shares Surge by 4% as the Company Prepares to Join S&P 500

Palo Alto Networks' stock rose by nearly 4% on Monday as investors responded positively to its upcoming inclusion in the S&P 500 Index. The cybersecurity firm, which will replace Dish Networks, reached a 52-week high recently and has outperformed the S&P 500 this year. The company's CEO confirmed their proactive approach despite a tough macroeconomic environment, while Wall Street analysts remain largely bullish on the stock.

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Apple Stock Reaches All-Time High in Anticipation of Rumored Mixed Reality Headset
June 6, 2023
Apple Stock Reaches All-Time High in Anticipation of Rumored Mixed Reality Headset

Apple stocks hit a record high on Monday, as investors anticipate the unveiling of its mixed reality headset at the ongoing developers' conference. Despite the AR/VR market still gaining consumer acceptance, analysts suggest Apple's entry could change the game, particularly if the rumored $3,000 headset arrives with standout applications.

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Key Market Developments to Monitor in the Coming Week
June 2, 2023
Key Market Developments to Monitor in the Coming Week

Shopify sees growth potential despite seasonal fluctuations, while XPeng aims to revive its market position with its G6 model. Royal Caribbean's stocks see a significant rise, outperforming the market, and General Electric presents a potential investment opportunity despite recent gains. Lastly, Moderna is exploring opportunities in China, registering impressive first-quarter profits.

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