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Elliott Wave Technical Analysis: Tesla Inc. – Friday, Nov. 17

Elliott Wave Technical Analysis: Tesla Inc. – Friday, Nov. 17

Image Source: Pixabay  Tesla Inc., Elliott Wave Technical AnalysisTesla Inc., (Nasdaq: TSLA): 4h Chart 17 November 2023TSLA Stock Market Analysis: We have been monitoring Tesla for a potential bottom in place for a few weeks now. We could have found a turning point if we manage to confirm a five wave move to the upside into […]
US Dollar Clings On – Trades Flat This Friday

US Dollar Clings On – Trades Flat This Friday

 Image Source: Pexels   The Greenback opens higher this Friday and tries to follow through on recovery. Traders can let the dust settle in a very light calendar ahead of the festivities next week. The US Dollar Index is steady above 104, favoring some more Dollar strength for now.  The US Dollar (USD) has given traders […]
Dow Jones Forecast: DJIA Rises Cautiously And Is Set For Strong Weekly Gains

Dow Jones Forecast: DJIA Rises Cautiously And Is Set For Strong Weekly Gains

Image Source: Pexels  US futuresDow futures +0.35% at 35048S&P futures +0.25% at 4519Nasdaq futures -0.03% at 15830In EuropeFTSE +0.97% at 7481Dax +0.82% at 15918 Stocks rise as yields remain depressed USD is set for a steep weekly decliner Oil on track for a steep weekly loss    Stocks rise as yields remain depressedU.S. stocks are heading […]
Housing Starts & Permits Unexpectedly Jump In October Despite Homebuilder Sentiment Slump

Housing Starts & Permits Unexpectedly Jump In October Despite Homebuilder Sentiment Slump

Hot on the heels of yesterday’s ongoing slump in NAHB Homebuilder Sentiment, housing starts, and building permits were expected to decline in October (as mortgage rates roared higher). But… both permits and starts rose MoM in October, +1.1% MoM and +1.9% MoM respectively (vs -1.4% MoM and -0.6% MoM expected respectively).However, September’s 7.0% MoM jump in Starts was […]
Earnings Review: Spectrum Brands Exceed Expectations In Fiscal Q4

Earnings Review: Spectrum Brands Exceed Expectations In Fiscal Q4

Image Source: Pexels  Spectrum Brands (SPB) reported an EPS of $1.36 in the fiscal Q4, higher than the expected $0.33.  Key Highlights Debt-Free Milestone: The company successfully closed the HHI Sale transaction for $4.3 billion, achieving a net debt-free status. Inventory and Fill Rate Improvement: Over $300 million in inventory was reduced in FY23 while simultaneously […]
S&P 500 Signal: Looks Bullish But Stretched

S&P 500 Signal: Looks Bullish But Stretched

While the recent earnings season did not turn out as dire as some had feared, it is worth noting that certain less-publicized data points paint a less rosy picture.The S&P 500 experienced a modest decline during Thursday’s trading session, adding to the ongoing streak of market volatility. This has raised concerns for traders and analysts alike, leading […]
3 Mid-Cap Blend Mutual Funds For Exceptional Returns

3 Mid-Cap Blend Mutual Funds For Exceptional Returns

Image Source: Pexels  Blend funds, also known as hybrid funds, aim for value appreciation by capital gains. They owe their origin to a graphical representation of a fund’s equity-style box. In addition to diversification, blend funds are great picks for investors looking for a mix of growth and value investment. In addition, a mid-cap blend fund […]
Comparing Exxon Mobil And Google: Profits, Profit Margins, And Tax Rates

Comparing Exxon Mobil And Google: Profits, Profit Margins, And Tax Rates

Photo by Timothy Newman on Unsplash  It’s earnings season, and with Exxon Mobil and Chevron posting big profits, that can only mean one thing. They are once again being blamed for gouging consumers and for causing inflation.As I have argued before, such thinking reveals a massive misunderstanding of economics. Oil prices are set on exchanges based on short-term […]
Oil Prices Fell To A 4-Month Low

Oil Prices Fell To A 4-Month Low

Image Source: Pixabay  US stock indices traded flat yesterday amid disappointing corporate earnings results. Cisco Systems (CSCO) fell by 11%, sending technology stocks tumbling after cutting its full-year earnings forecast. Also down more than 7% were shares of retailer Walmart (WMT) after it struck a cautious tone on the outlook for US shoppers. In addition, a more than 3% drop […]
Oil Falls 5% On Week Despite Rumours On Extension Of Saudi Supply Cuts Into 2024

Oil Falls 5% On Week Despite Rumours On Extension Of Saudi Supply Cuts Into 2024

Oil prices are sinking lower, which is a thorn in the eye for OPEC+. Saudi Arabia suggested that it could extend its supply cuts deep into 2024, though markets ignored this possibility and still sent Crude prices 5% down for the week. Looking at the reshuffle in supply and demand, it looks that the US […]