October 2023 - Page 6 of 71 -

Cloud Stocks: ServiceNow’s Stellar Performance Continues ServiceNow’s AI Focus

Oct 31, 2023 Jeremy Parkinson Finance, No picture 0

Last week, ServiceNow (NOW) reported its third quarter results that continued to surpass market expectations. ServiceNow does not appear to be fazed by macro-economic conditions and provided an outlook that also beat the expectations. ServiceNow’s FinancialsFor the third quarter of the year, ServiceNow’s revenues grew 25% to $2.29 billion, ahead of the market’s forecast of $2.27 […]

USD/CAD: Values Firm Before Data Releases Brings Volatility

Oct 31, 2023 Jeremy Parkinson Finance 0

The U.S. Federal Reserve has made it relatively clear they will not raise interest rates tomorrow, but they will likely continue to sound quite hawkish about the potential of raising the Federal Funds Rate again if needed. The USD/CAD appears for the moment to be in a rather calm trading range. However, the rather steady value around 1.38200 […]

The Energy Report: Free Pass

Oct 31, 2023 Jeremy Parkinson Finance, No picture 0

Photo by Zbynek Burival on UnsplashThe oil price fell 4% as the market sucked out war premium after a comment by Israeli Prime Minister Benjamin Netanyahu. Israel will do everything it can to bring the hostages home and the perception that Iran will get a free pass and will continue to ship oil as if […]

House Resale Price Indexes Confirm Upturn In Prices For Existing Homes, But Do Not Negative Combined Price Declines

Oct 31, 2023 Jeremy Parkinson Finance 0

We got more price information about the very important housing market this morning.Through September, the median price of home resales as measured by Case Shiller increased 0.9% monthly. For the FHFA Index they rose 0.6%. Both measures are up about 46% since just before the pandemic hit (note: FRED hasn’t updated the FHFA index yet): […]

Tesla Short Sellers Have Made Over $3 Billion Since Its Q3 Earnings Call

Oct 31, 2023 Jeremy Parkinson Finance, No picture 0

Tesla (TSLA) shares fell over 18% after coming under significant pressure from the company’s disappointing Q3 earnings call and demand concerns. Among those that capitalized heavily on this decline were Tesla short sellers, who bagged $3 billion since the earnings report. Tesla Erases $213B Off Market Cap Since Q3 Earnings CallShort sellers targeting Tesla stock raked in $3 billion from […]

USD/JPY Outlook: Yen Slides Amid BoJ Policy Shift

Oct 31, 2023 Jeremy Parkinson Finance 0

The USD/JPY outlook is optimistic today, driven by the yen’s decline, which finds itself skimming the depths of a one-year low against the dollar. This change in fortune unfolded when the Bank of Japan (BOJ) tiptoed away from its longstanding monetary stimulus program. However, this cautious approach has left some investors yearning for more substantial […]

The Markets Fell For A Lie Yesterday… But This Won’t Last

Oct 31, 2023 Jeremy Parkinson Finance 0

Yesterday, the Treasury announced that it would “only” need $775 billion to fund the budget for the fourth quarter of 2023.This was considered to be good news.Back in July, the Treasury had announced it would need $852 billion for the fourth quarter. So the fact the Treasury surprised the markets by needing less was used […]

Central Banks On Course For “colossal” Year Of Gold Buying

Oct 31, 2023 Jeremy Parkinson Finance 0

After setting a record through the first half of the year, central banks continued to gobble up gold in the third quarter.Globally, central banks added a net 337 tons of gold in Q3, the second-highest third-quarter total on record behind 2022.Through the first nine months of the year, central banks bought a net of 800 […]

Chart Of The Day: Overseas Shipholdings – US Based Shipper

Oct 31, 2023 Jeremy Parkinson Finance 0

The Chart of the Day belongs to the petroleum shipping company Overseas Shipholding (OSG). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent […]

Bear Of The Day: Polaris

Oct 31, 2023 Jeremy Parkinson Finance, No picture 0

Polaris (PII) is a Zacks Rank #5 (Strong Sell) that designs, engineers, manufactures, and markets power sports vehicles worldwide.The stock started 2023 off on a positive note, with three straight earnings beats. This helped the stock start up 40% on the year, but since late July Polaris has plummeted and is now down 15% for the […]