October 2023 - Page 56 of 71 -

10% Penalty Applied To Roth Conversion? Maybe

Oct 24, 2023 Jeremy Parkinson Finance 0

Image source: PexelsIn general, when you withdraw funds from an IRA prior to age 59½, your withdrawal is subject to both income tax and the 10% early withdrawal penalty. The 10% penalty is waived if your withdrawal is for one of the exception categories, including first-time home purchase, certain medical expenses, and the like. For a […]

Meta & Amazon Earnings Loom: A Closer Look

Oct 24, 2023 Jeremy Parkinson Finance 0

Image Source: PexelsMega-cap technology dominates the reporting docket this week, whose reports will capture the spotlight for some time. Investors will be closely tuned into the releases as the market looks to extend its 2023 rally into year-end.Positive results from the bunch would undoubtedly be bullish for the market, particularly if we hear uplifting commentary surrounding […]

Indecisive Bounce For Indices

Oct 24, 2023 Jeremy Parkinson Finance 0

Image Source: PexelsOnly weekly time frames are important at this stage as we track “Crash Watch”. It’s a tricky situation as the S&P and Nasdaq don’t look vulnerable, but the Russell 2000 ($IWM) is really struggling.Starting with the Nasdaq, we have a technical negative picture but it remains above 200-day MA support. This looks like an […]

S&P 500 Gains Ground, Snapping Losing Streak To Hang On Near $4,245 S&P 500 Technical Outlook

Oct 24, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash S&P 500 index climbs back into the 200-day SMA after declining for four straight trading days. US equities broadly reversed recent declines following a data beat for US PMI figures. US Treasuries saw an uptick in volatility but settled lower, 10-year T-note settled at 4.819% after cracking 5%. The Standard & Poor’s 500 […]

China Kicks Fiscal Stimulus Into Overdrive With Deficit-Busting 1 Trillion Yuan In New Debt

Oct 24, 2023 Jeremy Parkinson Finance 0

In a fiscal year when the US just raked up a $2 trillion deficit… … despite GDP “growing” at a 5.4% pace, according to the Joe Biden Department of Goalseeking Data Higher Before It Is Revised Lower Next Month Atlanta Fed GDPNow tracker, China has decided that it has enough of pretending that fiscal modesty and austerity […]

Coupang Is The “Amazon Of Korea” Measuring the Moat

Oct 24, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay I’ve written in the past about how I think the company with the most “economic moat” factors I’ve ever seen is Amazon (AMZN).Think about it. The company has multiple NETWORK EFFECTS. For one, it is (by FAR) the largest e-commerce marketplace for 3rd party sellers to market almost anything to a massive, active […]

Micro/Small Cap AI Stocks Index Down 17% MTD; Still Up 101% YTD

Oct 24, 2023 Jeremy Parkinson Finance, No picture 0

TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Image Source: Unsplash Most AI & related (AI&R) stocks trade for hundreds of dollars per share yet there are a number of less expensive micro/small cap AI&R stocks (i.e., stocks with market capitalizations above $50M […]

Stocks And Precious Metals Charts – Willful Blindness

Oct 24, 2023 Jeremy Parkinson Finance 0

Stocks wanted to bounce today, and they managed to pull it off, although finishing well off the highs.VIX fell.The Dollar rose sharply.Gold and silver opened lower and pretty much finished up there unchanged for the day.Alphabet (GOOGL) reported after the bell, and the stock was sold.Microsoft (MSFT) beat warnings and the stock was higher.META, the […]

Visa Tops Q4 Earnings And Revenue Estimates

Oct 24, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Visa (V – Free Report) came out with quarterly earnings of $2.33 per share, beating the Zacks Consensus Estimate of $2.23 per share. This compares to earnings of $1.93 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.48%. A quarter ago, it was expected […]

Earnings Surprises And Expected Volatility: Your Guide For This Week Of Wildness

Oct 24, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay We’re seeing higher-than-usual volatility both in headline news risk and also major stocks reporting earnings before and after the bell. While we continue to see higher risk in higher volatility, along with surprises, we’re also seeing aggressive trading opportunities as well. Here’s your guide to the earnings past, present, and yet to come.Video […]