November 2023 - Page 13 of 244 -

The Commodities Feed: OPEC+ Day

Nov 29, 2023 Jeremy Parkinson Finance 0

Image Source: PexelsEnergy – OPEC+ uncertaintyAll eyes are on OPEC+. The group is set to meet later today to discuss output policy for 2024. There are growing expectations that they could make deeper supply cuts, which would be in addition to the rollover of the voluntary cuts from Saudi Arabia and Russia. Clearly, this growing expectation […]

Stocks Give Back Big Gains On November 29, 2023

Nov 29, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashStocks had a nice rally to the start day. The index rallied a bit more than 70 bps, but by the day’s end, all of those gains were gone, with the index finishing lower by around 10 bps. It was a bit worse on the NASDAQ with the index up nearly 1% at the […]

Loser Stocks: Buy More, Hold Or Sell?

Nov 29, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels This week, Tracey is joined by Zacks Stock Strategist and the editor of Zacks Technology Innovators newsletter, Andrew Rocco, to discuss what to do with your loser stocks. Many investors bought during the exciting go-go days of the pandemic, as stocks surged to new all-time highs. But many stocks, especially the technology growth […]

General Motors: A Second Chance For Shorting Opportunity Amid Overhead Supply

Nov 29, 2023 Jeremy Parkinson Finance 0

Image Source: PixabayDid you want to short General Motors (GM) but thought it had fallen too far already? Maybe this is your second chance! I would submit to you that the overhead supply at present price levels makes this a LOT more appealing, thanks to today’s big price pop.More By This Author:UiPath About To Rip? Exploring The Sinewave: […]

Why We Won’t See A Stock Market Crash Anytime Soon

Nov 29, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay On Thanksgiving, I was speaking with a relative’s friend, who was new to our Thanksgiving table this year. He is a full-time real estate investor, and he seemed to be very successful.With real estate prices surging nearly everywhere, I asked him how he’s approaching new investments. He told me he’s sitting on the […]

AUD/USD Holds Above 0.6600, Eyes On Chinese PMI, Core US PCE Data

Nov 29, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash AUD/USD loses ground near 0.6620 on the modest recovery of USD. The US economy expanded at an annualized rate of 5.2% vs 4.9% prior, better than expected. Australian monthly CPI eased 4.9% YoY from 5.6% in the previous reading. Chinese PMI and the US Core Personal Consumption Expenditure Price Index (PCE) will be […]

C3.ai Up 173% YTD But Major Challenges Lurk Beneath The Surface

Nov 29, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels C3.ai stock is UP 173% YTD so it begs the question “How high will it go next year?” That question and anticipated positive answer might seem justified but a review of the company’s business performance reveals that major challenges lurk just below the surface. C3.ai Expects New Business Model Will Generate Major Increase […]

Salesforce Q3 Earnings: ‘AI Craze Has Not Hit But It Will’

Nov 29, 2023 Jeremy Parkinson Finance 0

Salesforce Inc (NYSE: CRM) just reported better-than-expected earnings for its third financial quarter. Its shares are up 7.0% in extended hours. Salesforce initiates Q4 guidance Investors are content because the guidance matched Street estimates as well.Salesforce now forecasts its revenue to fall between $9.18 billion and $9.23 billion. Analysts, in comparison, were at $9.21 billion. […]

Can Bristol Myers Squibb Keep Its Streak Alive?

Nov 29, 2023 Jeremy Parkinson Finance 0

Bristol Myers Squibb (NYSE: BMY) is a $100 billion market cap pharmaceutical company that has raised its dividend every year since 2010 and has paid one since 1933.The stock currently yields 4.5%. But can it continue to pay its $0.57 per share quarterly dividend despite an expected decline in its free cash flow next year?Bristol Myers […]

Looking Ahead To Q4 Earnings

Nov 29, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash With results from nearly 97% of S&P 500 members already out, we can confidently say that the overall earnings picture remains stable and largely positive. Earnings growth for the S&P 500 index, which was negative for each of the preceding three quarters, turned positive in Q3.One major sector whose results really stood out […]