The ASX 200 Index wavered after the latest Australian jobs report raised the possibility that the Reserve Bank of Australia (RBA) will hike interest rate in the next meeting. It also rose after the latest Trump TACO moment on the Greenland issue. It was trading at A$8,837, up slightly from this week’s low of $8,738.

UBS predicts RBA rate hike in February

The ASX 200 Index, which tracks the biggest companies in Australia, was in a tight range after the latest Australian jobs numbers.

A report by the Australian Bureau of Statistics (ABS) showed that the country’s labor market boomed in December. 

The economy added over 65k jobs in December after losing 65k jobs in the previous month. This surprise increase was much better than the median estimate of 30k.

Most importantly, the economy created more full-time jobs than part-time. Full-time jobs rose by 54.8k, while part-time jobs rose by 10k during the month.

The report also showed that the unemployment rate improved to 4.1% from the previous 4.3%, while the participation rate rose from 66.6% to 66.8%.

All these numbers were much better than what most analysts were expecting. Therefore, some analysts believe that the RBA will decide to hike interest rates in the upcoming meeting in February. 

In a note, analysts at UBS predicted that the Bank will move the benchmark rate to 3.85% from the current 3.60%. The money market is pricing in a 50% chance of a rate hike during the meeting.

Odds of higher interest rates have been rising after Australia published strong inflation data. The most recent data showed that the headline Consumer Price Index (CPI) remained above 3%, which is much higher than the bank’s target of 2%.

Australian dollar and bond yields jumped 

The rising odds of higher interest explains why the Australian dollar surged, with the AUD/USD exchange rate rising to 0.6800, its highest level since September 2024. It has jumped by 15% from its lowest level in April last year.

Similarly, Australian government bond yields continued rising, with the ten-year hitting 4.80% and is hovering at its highest level since October 2023. Similarly, the five-year yield rose to 4.378%.

The ASX 200 Index also rose because of the ongoing Trump Always Chickens Out (TACO) trade. TACO is a concept where Donald Trump makes an outlandish request and then retreats. 

In this case, he warned that he would impose large tariffs on several NATO members because of the Greenland issue and then changed his mind during his visit to Switzerland. In a statement, he said that he had reached a framework on Greenland, with the media reporting that the US will gain access to mineral rights. 

Australian banks were among the best gainers in the ASX 200 Index as investors anticipated higher rates for longer. Bank of Queensland stock rose by 6%, while NAB rose by 3%. CBA and Westpac banks also rose by over 2%. Other top gainers were companies like Premier Investments, IDP Education, a2 Milk Company, and Beach Energy.

ASX 200 Index technical analysis 

The daily timeframe chart shows that the ASX 200 Index held steady on Thursday after the latest Australian jobs data. It has jumped from a low of $8,376 in November to the current $8,840

The index has formed an ascending channel and is now in its middle. It has remained above the 50-day and 100-day Exponential Moving Averages (EMA).

The most likely scenario is where the index continues rising as bulls target the next key resistance level at $9,000.  A move above that level will point to more gains, potentially to the all-time high of $9,120.

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JetBlue stock price has rebounded in the past few months even as its short interest has risen to 16% and as analysts have turned highly bearish on the company. JBLU jumped to $5.52, its highest level since September 3, and 40% above the lowest level in December last year. 

Analysts have turned bearish on JetBlue stock 

Data compiled by MarketBeat shows that Wall Street analysts have turned highly bearish on JetBlue, one of the top low-cost airlines in the United States.

The consensus stock target for the stock is $4.94, down by 10% from the current level. 6 of the 11 analysts tracking the company have a sell rating, while five of them have a hold rating.

Goldman Sachs’ Catherine O’Brien maintained a sell rating even as she boosted her target from $3.5 to $4, while Susquehanna, Citigroup, Weiss Ratings, UBS, and Bank of America have a sell or an underperform rating on the stock.

READ MORE: JetBlue stock price pattern points to a 55% surge

JetBlue stock price has underperformed because of the rising competition from the big carriers like Delta, United Airlines, and American, which have expanded their routes and their low-cost services.

At the same time, investors have taken a bearish outlook for the company, as the woes in the low-cost carrier industry have continued. Its short interest has jumped to over 16%, a sign that they expect to benefit as the stock retreats this year.

The recent financial results showed that JetBlue Airways continued to struggle in the third quarter. Its revenue dropped by 1.8% YoY to $2.3 billion, bringing the nine-month figure to $6.8 billion. Its net loss also jumped to $143 million. 

Wall Street analysts expect that the upcoming results will show that the revenue dropped by 2.54% to $2.22 billion, while the earnings per share (EPS) deteriorated to 46 cents.

On the positive side, analysts expect that its financial results will start to improve in this year, with the average estimate being that its revenue will move to $9.7 billion from the 2025 level of $9.03 billion.

The company is also expected to reduce its losses, with the average estimate being a loss -per-share of 92 cents, better the previous $1.61. This optimism explains when the stock has rebounded as investors anticipate a good turnaround.

JetBlue share price technical analysis 

JBLU stock price chart | Source: TradingView 

The daily timeframe chart shows that the JetBlue stock price has rebounded in the past few months, moving from a low of $3.99 in November to the current $5.50.

It formed a double-bottom pattern, a popular bullish reversal sign in technical analysis. Its neckline is at $5.72, its highest level in September.

The stock has moved above the 50-day and 200-day Exponential Moving Averages (EMA), while most oscillators have pointed upwards. It is also about to form a golden cross pattern  

Therefore, the stock will likely continue rising in the near term, with the next key target being at the 61.8% retracement level at $6.41, followed by the 78.6% retracement at $7.45.

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Robinhood stock price has crashed into a bear market this year as sellers remained on the sidelines. HOOD dropped to a low of $108.75, its lowest level since November 24, and ~30% below the highest level in October last year. This article explores whether the stock will rebound or continue falling this year.

Robinhood stock drops as analysts lower their estimates

HOOD stock price has remained in a deep bear market this year, erasing some of the gains made last year. 

The decline happened as investors continued to lower their targets. Barclays analysts lowered their target for the HOOD stock to $158 from the previous $171.

Needham’s John Todaro lowered the target price from $145 to $135, while Cantor Fitzgerald and Bank of America lowered their targets to $152 and $154, respectively.

As a result, the average stock target for the HOOD stock price among analysts is $136, down from $137 three months ago.

Analysts are largely concerned about the company’s revenue growth and its valuation. Data compiled by Seeking Alpha shows that the company has a forward price-to-earnings ratio of 53, up sharply from the sector median of 12.6. Its valuation is much higher than its five-year average of 36.

More data shows that the company has a forward price-to-earnings-to-growth (PEG) ratio of 2.21, higher than the sector median of 1.09.

Additionally, analysts believe that the company’s revenue growth will slow down this year. The average estimate is that Robinhood’s revenue growth stood at $4.53 billion, up by 53% in 2025. Analysts expect that the revenue growth this year will be 22% to $5.52 billion.

HOOD stock has also retreated because of the ongoing crypto market crash that has affected Bitcoin and most altcoins. Bitcoin dropped from $126,200 in October to the current $92,000. The market capitalization of all tokens dropped to over $3.1 trillion.

Robinhood has become a major player in the crypto trading industry, where it offers tokens on its platform and on Bitstamp, the exchange it acquired last year. The decline continued last week after the CLARITY Act stalled in the Senate.

Robinhood has major catalysts ahead 

Looking ahead, the Robinhood stock price has some potential catalysts in the coming months. The first main catalyst will come out on February 10 when it publishes its financial results.

Analysts expect the upcoming results to show that the company’s revenue rose to $1.35 billion, up by 32% YoY. They also expect the numbers to show that its earnings-per-share (EPS) dropped to 62 cents from $1.01 a year earlier.

The results will provide more information on its recently launched products, including its tokenization and prediction marketplace.

HOOD stock price technical analysis 

The daily timeframe chart shows that the HOOD stock price retreated from a high of $153.48 in October to the current $108, its lowest level since September last year.

Robinhood stock has moved below the 50-day and 100-day Exponential Moving Averages (EMA), a highly bearish sign in technical analysis.

It has also moved below the strong, pivot,and reverse level of the Murrey Math Lines tool. The Relative Strength Index (RSI) has continued falling, while the Percentage Price Oscillator (PPO) has moved below the zero line.

Therefore, the stock will likely continue falling, potentially to the key support level at $100. However, on the positive side, it has formed an inverse head-and-shoulders pattern, which may lead to more upside in the coming weeks.

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GE Aerospace stock price continued its strong bull run this year and was trading at $325. It has jumped by 105% from its lowest point in April last year and is hovering near its all-time high of $332.5. This surge has brought its market cap to over $342 billion. Will the GE shares jump after its earnings?

GE Aerospace’s business is booming

General Electric Aerospace has done well this year, helped by the ongoing boom of the civil and defense aviation industries. It has also done well after the company separated from the healthcare and energy businesses.

GE Aerospace has benefited from the ongoing boom in the civil aviation industry and surge in orders. Boeing has a backlog of over 5,900 planes, while Airbus has over 8,754 orders. This is important as GE Aviation is the biggest supplier of engines.

At the same time, the number of flying hours has jumped, a move that has benefited its services segment. As a result, its annual revenue rose to $38 billion in 2024, up from $35 billion in the previous year.

The most recent results showed that GE Aerospace’s orders rose by 2% in the third quarter to over $12.8 billion. Its revenue rose by 24% in the third quarter to over $12.2 billion, while its profit rose by 33% to $2.5 billion.

GE Aerospace’s revenue growth has coincided with the growing margins and free cash flow, a trend that may continue in the coming years. This growth happened as the company won new orders from companies like Korean Air and Cathay Pacific.

GE Aerospace earnings and valuation 

The next key catalyst for the GE stock price will be its earnings, which will come out on January 22nd. These numbers will provide more information about its business and what to expect in the coming years.

Wall Street analysts anticipate that its revenue growth continued in the final quarter of the year. The average estimate is that its revenue will come in at $11.2 billion, up 13.39%. 

If this is accurate, the company’s revenue will be $41.73 billion, up by 18% YoY.  Analysts also expect that the company’s guidance will show that its revenue will be $10.1 billion in the first quarter, up by 13.9%.

The main concern about GE Aerospace stock is that it has become a highly overvalued company. 

Data compiled by Seeking Alpha shows that its forward price-to-earnings (PE) ratio is 45, higher than the sector median of 25.8. Its forward non-GAAP PE ratio has moved to 52, also higher than the five-year average of 42.

These numbers mean that the company has a higher valuation than Nvidia, a company that is growing at a faster pace and has higher margins.

GE Aerospace stock price technical analysis 

The daily timeframe chart shows that the GE stock price has rebounded in the past few weeks, moving from a low of $280 in December.

It recently moved above the important resistance level at $315, its highest level in October last year. The stock has remained above the 50-day and 100-day Exponential Moving Averages (EMA) and formed a bullish pennant pattern. The Supertrend indicator has turned green.

Therefore, the stock will likely have a strong bullish breakout, potentially to the key resistance level at $350. A move above that level will point to more gains to $400.

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ServiceNow stock price has been in a strong freefall in the past few months, moving to its lowest level since November 2023. It has dropped in the last five consecutive weeks, its longest losing streak in years.

NOW has plunged by nearly 50% from its highest level in 2024, with its market dropping from $250 billion to the current $117 billion.

Why ServiceNow stock price imploded

ServiceNow share price has been in a strong freefall in the past few months as investors have remained concerned about its disruption by companies in the artificial intelligence industry.

The crash accelerated this month when Anthropic, the creator of Claude, released its latest model, which is designed to solve complex challenges like coding, enterprise workflows, and handling complex reasoning tasks.  

Analysts now believe that some of the services that ServiceNow offers will be disrupted as AI models become more advanced. This also explains why other software stocks like Intuit, Adobe, and Salesforce have plunged in the past few months.

ServiceNow stock has also plunged as the company embraces growth through acquisitions. The company recently acquired Armis, a top player in the cybersecurity industry in a deal valued at over $7.75 billion. 

Before that, it spent $2.85 billion to acquire Moveworks. Its other acquisitions were companies like Data.world and Logik.

These acquisitions were notable because ServiceNow was known for its organic growth over the years. As such, focusing on acquisitions could be a sign that the management expects its core growth to slow.

Additionally, the NOW stock price has crashed as investors revalue it. As we wrote several times here and here, the company was highly valued, with its trailing price-to-earnings ratio soaring to 141 in 2025. Today, this figure has dropped to 76. 

Finally, investors believe that the AI tools that ServiceNow has launched, including its AI platform, will take time to start making substantial sums of money.

ServiceNow growth momentum to slow 

Meanwhile, Wall Street analysts believe that ServiceNow’s growth will continue slowing in the coming years.

The average estimate among analysts is that the upcoming earnings report will show that its revenue grew by 19% in the fourth quarter to $3.53 billion. This growth will bring its annual revenue to $13.24 billion, up by 20.5 billion. 

Analysts expect that the annual revenue will then rise by 18.5% to $15.7 billion. This downward trend will likely continue as competition in its industry rises.

Wall Street analysts are scaling back their outlook for the company. Data compiled by MarketBeat shows that analysts from companies like Oppenheimer, Goldman Sachs, Stifel, and Cowen have all downgraded the stock.

As a result, the average analyst’s estimate for the stock is $215, down from $225 three months ago.

NOW stock price technical analysis 

The weekly timeframe chart shows that the ServiceNow stock price has been in a strong downward trend in the past few months. It has plummeted from a high of $240 to the current $125. Most recently, the stock moved below the key support level at $136, its lowest level in April last year.

NOW has also moved below the 61.8% Fibonacci Retracement level at $133, confirming the bearish outlook. The 50-week and 100-week Exponential Moving Averages (EMA) are about to form a bearish crossover, while the Relative Strength Index (RSI) has continued falling.

Therefore, the most likely scenario is where the stock continues falling, with the next key target being at $100.

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Comex copper price paused on the losses recorded late last week as the bulls successfully defend the crucial resistance-turned-support level of $5.85. At the time of writing, the asset was trading at $5.90.

A weaker US dollar and supply concerns continue to support the red metal. However, the short-term demand outlook remains foggy as China grapples with the years-long property market crisis.

Copper price bounces off crucial support level

Copper is used in almost every electrified item. From electric vehicles to mobile phones and power grids, the red metal is one of the crucial metals. Notably, the world has heightened its efforts on decarbonization, urbanization, and modernization. These goals, coupled with the artificial intelligence boom, have strengthened copper’s long-term demand outlook. 

For instance, Goldman Sachs has raised its copper price forecast for 2026 from an average of $10,650 a tonne to $11,400. This revision is founded on the ongoing supply tightness amid uncertainties over copper tariffs and subsequent stockpiling. Besides, the Bank of America cites the bullish long-term demand outlook and supply squeeze as the factors that have informed its prediction of $11,313 a tonne in 2026 and $13,501 in 2027.

Nonetheless, copper’s near-term outlook remains clouded by some uncertainties on the demand front. In fact, Goldman Sachs has indicated that the recent rallying may have played out and a significant decline lies ahead.

To begin with, China is the leading importer and consumer of the red metal. As such, the economic weakness in the Asian country continues to weigh on the asset. Its property market, which is one of China’s largest consumers of copper, continues to struggle. Official data released on Monday showed that home prices in the Asian country dropped in December. 

With these persistent struggles, market participants are increasingly calling for major stimulus from the government. Before that, the real estate crisis will likely continue to weigh on the copper demand outlook. However, these woes have been eased by the latest data that shows China’s economic growth met the government’s target as its GDP rose by 5% in 2025. 

In the ensuing sessions, a weaker US dollar and concerns over Trump’s tariffs on Greenland. Besides, copper price is set to move in tandem with precious metals, which continue to record stellar performance.   

Comex copper technical analysis

After a weekly loss in the just-concluded week, the bulls are keen on defending the crucial support level of $5.85 per pound. Last week, it pulled back from the record high hit on 14th January at $6.15. Nonetheless, it continues to trade above the short-term 25-day EMA; an indication of further gains in the ensuing sessions.  

A look at its daily chart highlights possible horizontal trading at an RSI of 57. More specifically, the Comex copper price may successfully bounce off the current support level of $5.85 with the possible gains being curbed along the resistance level of $6.10. 

On the flip side, the asset may hold steady above the 25-day EMA at $5.75. This is as the months-long trendline that has shaped its price movements since July 2025 remains in place. Indeed, it has supported copper price since late December when it rose above it. A move below that trendline and past the short-term MA will invalidate this thesis.

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3M stock price has wavered in the past few months as investors focus on the company’s turnaround efforts. MMM was trading at $167.80 on Tuesday, a few points below the December high of $174.53. This article provides a forecast ahead of the upcoming earnings.

3M turnaround is continuing 

3M is a top American industrial company that makes products across various industries like safety & industrial, transportation & electronics, and consumer.

While it is known for its Post-it notes, the company makes over 60,000 products that are used widely in the United States and other countries. 

Its other products are bandages, cleaning pads and sponges, air filters for furnaces, abrasives, coatings, and automotive products.

The company is now going through a turnaround strategy after it faced major fines, including a $12 billion one to compensate victims of its forever chemicals, and a $6 billion one to the US military for selling its faulty earplugs. It will continue making these payments in the next few years, which will cap its profitability.

There are signs that 3M’s business is improving as key segments continue growing. 

MMM earnings are coming

The most recent results showed that the company’s revenue rose by 3.2% in the third quarter to $6.3 billion, while its operating margin rose to 24.7% from the previous 23%. Its margins benefited from its growth, productivity, and its ongoing restructuring.

Most of its businesses returned to growth. For example, the safety and industrial segment made $2.9 billion, up by 4.1% YoY, with most of the growth coming from industrial adhesives, tapes, personal safety, and abrasives.

The transportation and electronics business made over $1.99 billion, up from $1.91 billion, with the key growth areas being in electronics, transportation, advanced materials, and aerospace. 

These results showed that its consumer division revenue was flat, with two of its four divisions growing.

READ MORE: 3M is a ‘growth stock’ after Q4 earnings, says Cramer: should you invest?

The company also boosted its forward guidance for the year. It boosted its organic sales guidance to over 2% and its operating margin from between 150 to 200 basis points to between 180 and 200 basis points.

3M also boosted its forward guidance of its earnings-per-share to between $7.95 and $8.05, helped by the management’s execution in a tough environment.

Analysts now expect that the upcoming financial results will show that its upcoming revenue will come in at $6.01 billion, up by 3.45% YoY. Its EPS is expected to come in at $1.8 from $1.68 in the same period a year earlier.

Most importantly, analysts expect that its annual revenue will be over $25 billion this year, up by 3.23% YoY. The earnings-per-share (EPS) is expected to be $8.61, up from the previous $8.02.

The company is also relatively undervalued, with a forward price-to-earnings ratio of 20, lower than the sector median of 22.4. 

3M stock price technical analysis 

The three-day chart shows that the 3M share price has rebounded in the past few years as the turnaround efforts continued.

It has formed an ascending channel and is nearing its upper side. Also, the stock has remained above the 50-day and 100-day Exponential Moving Averages.

It has moved above the Supertrend indicator, while the Stochastic Oscillator has continued rising. Therefore, the most likely scenario is where it continues rising as bulls target the key resistance level at $200.

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Gold price has ended the week-long range-bound trading by refreshing its all-time high earlier on Tuesday. At the time of writing, the bullion was at a fresh record high of $4,725. With that, the GLD ETF, which tracks the performance of the gold bullion, is set to make a similar move. 

Notably, a weaker US dollar and concerns over Trump’s tariffs have pushed investors to seek safety in precious metals and other safe-haven assets. After a stellar performance in 2025, gold price appears set to continue its bullish trend in the new year. Three weeks into 2026, the bullion is already up by close to 10% as the GLD gold ETF rallies by over 5%.

Safe-haven demand bolsters gold price to new heights

Gold price has continued the record performance observed in 2025 as investors steadily seek safety in the precious metal. Central bank buying and ETF inflows continue to bolster prices amid the persistent economic and geopolitical uncertainties. 

Besides, the fresh tariffs by President Trump have further fueled the safe-haven demand. The US President has indicated that he will impose tariffs on exports from eight European nations that reject his plan to acquire Greenland. These countries include the UK, the Netherlands, Denmark, Germany, Sweden, France, Norway, and Finland. The move has heightened concerns over a broader trade as the European Union considers a reciprocal tariffs package of 93 billion euros on US imports. 

Furthermore, the fresh tariffs have reignited the de-dollarization push. This has pulled the dollar index to a level last recorded about two weeks ago at $98.44. A weaker US dollar makes gold less expensive for buyers holding foreign currencies. 

In the ensuing sessions, the economic and geopolitical uncertainties are expected to continue supporting gold price. Besides, investors have their eyes on the Fed meeting slated for next week. While the market has priced in two interest rate cuts this year, the US central bank will likely pause on the monetary easing during the year’s first FOMC meeting. Maintaining higher interest rates may curb gold price gains while strengthening the US dollar. 

GLD ETF price technical analysis

The GLD gold ETF eased slightly on Monday, but remained within the tight range that has defined its movements for a week now. Even with the recorded pullback, it has held steady above the resistance-turn-support level of $418, which it broke for the first time ever on 12th January. 

With gold price having rallied to a fresh record high earlier on Tuesday, the GLD ETF is set to hold steady above its current support level as the bulls top its current all-time high of $426. At its RSI of 64, the gold derivative has ample space to extend its gains towards $450 in the ensuing sessions. 

On the flip side, a corrective pullback beyond its support level of $418 will likely activate the lower zone of $414. Even so, the bulls would still be in control as it continues to trade above the bullish trendline and short-term 25-day EMA. 

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Polygon price has retreated and pared back some of the gains experienced earlier this year. The POL token was trading at $0.1345 on Wednesday morning, down from the year-to-date high of $0.1865. Its fundamentals suggest that the POL price will eventually rebound as the network growth accelerates.

Polygon’s adoption rate has soared 

Polygon, one of the biggest players in the layer-2 industry, has done well this year as the impact of the Madhugiri hard fork continued.

The network has struck major deals, leading to a surge in the number of transactions, active addresses, and fees.

In a statement on Tuesday, Polygon noted that Toku had selected its network to provide its payment infrastructure. Toku, a payroll company that has raised millions of dollars, will use Polygon to launch a global stablecoin payment feature on the network.