Dow Brushes Off Record High, Plunges 324 Points
As expected, earnings controlled Wall Street’s sentiment today, with a slew of lackluster big-name reports pushing the Dow off its fresh peak and down triple digits, alongside the Nasdaq. The S&P 500 trailed with a loss of its own. Today’s biggest drivers were blue chips and tech, including United Health (UNH), which pulled back 8.1%. Conversely, […]
Goldman Sachs Stock Drops Despite 54% Earnings Jump: Time To Buy?
Image Source: Pixabay Goldman Sachs (NYSE: GS) reported healthy third quarter earnings Tuesday, led by significant gains in investment banking.In the third quarter, revenue jumped 7% year over year to $12.7 billion, which was substantially higher than the $11.8 billion that had been estimated by Wall Street analysts.Net income rose a whopping 45% to $2.99 billion, while earnings […]
Some Necessary Long-Term Perspective
It’s all too easy to get caught up in the moment, especially if one is an active trader. In an environment where many of us utilize momentum-based or trend-following strategies, often via short-dated options, it can be sobering to examine long-term trends and examine current statistics vis-à-vis historical readings.First, we will take a look at the […]
Is The Inflation Monster Still Hiding Under The Bed?
Image Source: Pixabay The so-called grownups tell us everything is fine. The inflation monster is gone now.Or is it?Sure, most people don’t believe it’s there, but I think the inflation monster is hiding under the bed. The adults in the room say it’s not there. But kiddos, there are signs — if you look close enough.The […]
Bitcoin’s Road To $70,000? Analysts Set Next Targets As BTC Retests Key Levels
↵Image Source: Pixabay Bitcoin (BTC), the largest cryptocurrency by market capitalization, started the third week of October with a 6% daily surge. BTC’s performance has fueled bullish sentiment among crypto investors and market watchers, who suggest it might be ready to move to $70,000. Bitcoin Reclaims Key Support Levels Bitcoin began the week reclaiming key resistance […]
Eurozone Bank Lending Survey Shows Cautious Improvements In Lending Climate
Demand for loans has improved among both households and corporates, while credit standards have stopped tightening after two years. This indicates that monetary easing – and the prospect of more easing to come – is resulting in cautiously improving investment expectations.Image Source: Pixabay The aggressive monetary tightening of recent years has not missed its effect. The […]
2:1 Corn-Soybean Ratio Approaching. The Corn & Ethanol Report
We kicked off the day with NY Empire State Manufacturing Index at 7:30 A.M., Redbook YoY at 7:55 A.M., Consumer Inflation Expectations and Export Inspections at 10:00 A.M., Fed Daly Speech, 3-Month & 6-Month Bill Auction at 10:30 A.M., NOPA Crush at 11:00 A.M., Fed Kugler Speech at 12:00 P.M., Crop Progress at 3:00 P.M., […]
Household Balance Sheets Are In Good Shape
One of my fundamentals-based systems for monitoring the economy is to look at the health of household balance sheets.Most recessions happen when consumers are under stress. If real wages are growing, if assets that can be leveraged or cashed in (mortgage payments, home equity, stocks) are increasing in value, if monthly debt payments are not […]
Clash Of Titans: Diverging Global And Emerging Market Mid-Year Active Performance
Much of recent market commentary has been focused on market concentration concerns,1 thanks to the dominance of mega-cap stocks in the U.S., with the S&P 500® Top 50 outperforming the S&P 500 by 5% for the 12 months ending in September 2024.But as we’ve noted in our inaugural SPIVA® Global Mid-Year 2024 Scorecard, concentration trends can manifest at a broader level than individual securities, […]
NFLX: How Does The Long Term Outlook Look Ahead Of Earnings
Image courtesy of 123rf.com On Thursday, Netflix (NASDAQ: NFLX) will deliver its Q3 2024 earnings report ending September. Per Zacks Investment Research, the expected earnings per share forecast for the streaming platform is $5.09 EPS. Compared to the year-ago quarter’s $3.73 EPS, this would constitute a 34.6% increase.Presently priced at $706.71, NFLX stock is up 51% […]
