October 2023 - Page 40 of 71 -

Bank Of Japan Preview: New Macro Forecasts Will Shed Light On Next Policy Move

Oct 26, 2023 Jeremy Parkinson Finance 0

Markets expect no change in the BoJ’s ultra-loose policy next week, but we still see a slightly higher chance of another tweak to the yield curve control policy, with forward guidance adjustments. Policy decisions aside, the BoJ’s latest outlook will drive market moves.Kazuo Ueda, Governor of the Bank of Japan Growing speculation over BoJ policy change, but markets expect no change […]

Heritage Insurance Is My Best Value Idea

Oct 26, 2023 Jeremy Parkinson Finance 0

In the search for a great value idea, I found Heritage Insurance Holdings (NYSE: HRTG) as an undervalued Property & Casualty insurance company. Heritage Insurance is priced significantly below the industry and below book value, leaving plenty of upside potential for the stock. The company has a solid strategy for growth and cost efficiencies which has a good chance […]

Canadian Dollar Weakens As The Economy Slides Into Recession

Oct 26, 2023 Jeremy Parkinson Finance 0

Photo by Michelle Spollen on Unsplash Canadians are starting to realize that the decline in the value of the Loonie signifies an economy that is in a recessionary phase. The Bank of Canada’s decision yesterday to hold its bank rate steady is as much a confirmation that the economy is weakening, as it is a confirmation that its […]

Here’s What Wall Street Is Saying About Intel Ahead Of Earnings

Oct 26, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels Intel (INTC) is scheduled to report results of its fiscal third quarter after the market close on October 26, with a conference call scheduled for 5:00 pm ET. What to watch for: GUIDANCE: Along with its last report, Intel guided for Q3 adjusted earnings per share of 20c on revenue of $12.9B-$13.9B. At the time, analysts […]

UniCredit’s Surge Is A Pipe Dream For Barclays

Oct 26, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels UniCredit and Barclays have very little in common aside from a shared history as two of the lowest-valued European lenders. Along with Deutsche Bank and Société Générale, they’ve often traded at half or less of tangible net asset value.This year, however, the Italian group led by Andrea Orcel has extracted itself from that […]

Continuing Claims Rising Rapidly

Oct 26, 2023 Jeremy Parkinson Finance 0

Although much of the morning’s data topped expectations, one of the areas of weakness was jobless claims. Initial jobless claims were slightly higher than expected coming in at 210K versus expectations of 208K. Additionally, last week’s sub-200K print was revised up to 200K. While that doesn’t steal from the fact that jobless claims have pulled […]

Nasdaq Down Triple Digits After #Meta #Earnings

Oct 26, 2023 Jeremy Parkinson Finance 0

Stocks are firmly lower this afternoon, with the Dow Jones Industrial Average (DJI) and Nasdaq Composite (IXIC) sporting triple-digit deficits, as Meta Platforms (META) stock’s post-earnings slide pushes the latter deeper into the red. There was a slew of economic indicators to unpack this morning, including a gross domestic product (GDP)reading. Meanwhile, bond yields are slipping, […]

ECB: A Dovish Pause Now, A Peak Soon

Oct 26, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay After 10 consecutive hikes, the ECB’s decision to leave policy rates unchanged should have been an easy one. The deposit rate remains at 4% and the ECB has increased rates by a total of 450bp since July last year. Comments by ECB President Christine Lagarde during the press conference didn’t give away any […]

Key Levels In Gold Into November

Oct 26, 2023 Jeremy Parkinson Finance 0

Gold touched $2000/oz resistance last Friday but has so far held most of its gains in a bullish fashion. It closed Wednesday at $1995/oz. Next Tuesday marks the monthly close.The monthly candle chart of Gold is below, with the resistance line at $2000. Gold has tested $2000/oz in seven of the past eight months.After many tests […]

U.S. Real GDP Rose The Fastest Since Q1 2022; Should You Buy The Dollar?

Oct 26, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels Next week, the Federal Reserve of the United States (Fed) will announce its interest rate decision. Based on the last hints given by its Chair, Jerome Powell, and other FOMC members, the Fed will likely be on hold.But one should not be surprised to see a hawkish tone from the Fed. That is especially true […]