Asian Stock: Zhejiang China Commodities City Group
TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: Zhejiang China Commodities City Group Company LimitedBloomberg ticker: 600415 SHMarket cap: US$6,581mBackground: Zhejiang China Commodities City Group Company Limited operates real estate development businesses. The Company provides housing renovation, housing loans, real estate brokerage, and other services. […]
McDonald’s Beats On Profit And Revenue, Reverses U.S. Same-Store Sales Declines
Image Source: Pexels CNBC’s Kate Rogers joins ‘Squawk Box’ to report on the company’s quarterly earnings results.Video Length: 00:01:50More By This Author:Lockheed Martin Reports EPS Beat, Revenue Miss United Airlines CEO Scott Kirby On Q3 Results, Impact Of Boeing Strike And Route Expansion Citigroup Earnings Top Estimates, Boosted By Investment Banking
US Home Prices Remain Near Record Highs… As Mortgage Rates Re-Surge
With mortgage rates re-accelerating, the housing market faces another (worsening) affordability crisis – all since The Fed cut rates – and just to add some more pain to that, S&P CoreLogic’s Case Shiller data for August (released today) shows home prices in the top 20 cities in America rising 0.35% MoM (hotter than the 0.20% […]
Sensex Today Ends 364 Points Higher; Nifty Above 24,450
After opening the day lower, Indian benchmark indices turned positive as the session progressed and ended the day on a positive note.Benchmark equity indices, BSE Sensex and NSE Nifty 50, pared the early losses, to extend gains for the second consecutive session, settling in positive territory on Tuesday.At the closing bell, the BSE Sensex stood higher by […]
Indian Silver Demand Drives Record Prices
Image Source: Pixabay Indian silver demand has spiked, driving the price to record levels in rupee terms.There is a perception that silver has lagged gold despite a price increase of around 35 percent on the year in dollar terms. The fact that silver remains well below its record high, even as gold has set multiple records in recent months, drives […]
GBP/USD Analysis: Selling Pressure Likely To Continue
The GBP/USD exchange rate is likely to remain under pressure in the coming days, with any bouts of strength likely to be short-lived. As we previously expected for GBP/USD, the downside was favoured as the exchange rate was capped by the 9-day moving average. Fast forward to this week and the same holds true: the […]
DoorDash Set To Report Q3 Earnings: What’s In Store For The Stock?
Photo by Galen Crout on Unsplash DoorDash (DASH – Free Report) is set to release its third-quarter 2024 results on Oct. 30.For the third quarter, the Zacks Consensus Estimate for earnings is pegged at 21 cents per share, increased by a penny in the past 30 days. DASH reported a loss of 19 cents per share in the year-ago quarter.The Zacks Consensus Estimate […]
Risks Are Skewing One Way
Again I didn‘t trust S&P 500 buyers, and delivered to clients almost 10 ES short points in our channel. Sure we have data releases this week, but I‘d look at earnings and market reaction to them, there is quite some daily bullish positioning going on e.g. in AMD.The mixed signs I discussed in the weekend premium analysis, […]
$50 Silver Here We Come, And That’s The First Stop
It’s a very good time to take an updated look at silver because we have just seen a post-breakout reaction back to a favorable “buy spot” both for it and for related investments, such as silver stocks, following its breakout over a week ago from a consolidation pattern after a 4-month period of correction from […]
Consolidative Tone In FX Ahead Of Key Events And Data
Image Source: Pixabay Overview: A consolidative tone is emerging in the foreign exchange market as the week’s key events begin tomorrow: UK budget, eurozone and US Q3 GDP, and the US ADP private sector jobs estimate, and quarterly refunding. Outside of the Norwegian krone, which is up nearly 0.5%, the other G10 currencies are largely +/- 0.1%. […]
