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Russell 2000 Bears Are Back In Town

Russell 2000 Bears Are Back In Town

Image Source: Pixabay Retrace to the scene of the crime confirms further downside.Video Length: 00:01:22More By This Author:Natural Gas Prices To Implode SPY’s Next Big Move: Critical Levels And Cup And Handle Analysis LUV Stock On Sale – How To Profit From This Incredible Buying Opportunity
Quarterly Updates For MercadoLibre, Sprout Social, And Shockwave Medical

Quarterly Updates For MercadoLibre, Sprout Social, And Shockwave Medical

Image Source: Unsplash Three additional updates to share today, with recent earnings reports coming in from Mercadolibre, Sprout Social, and Shockwave Medical. Let’s take a look.Mercadolibre (MELI)Mercadolibre has delivered some of the best business results from any of our selections. Q3 was no exception. Revenues were up 40% year-over-year, with the commerce side leading the way […]
PBOC In A Hurry To Buy Gold: Covertly Bought 593T Of Gold YTD

PBOC In A Hurry To Buy Gold: Covertly Bought 593T Of Gold YTD

The PBOC is in a hurry to buy enormous amounts of gold, indicating it’s preparing for substantial changes in the dollar-centric international monetary system.Based on information from industry sources and my personal calculations, total gold purchases by the Chinese central bank (reported and unreported) in Q3 accounted for 179 tonnes. Year-to-date the PBOC bought 593 […]
Historic Sentiment Shift

Historic Sentiment Shift

The S&P 500 and Nasdaq have extended their impressive winning streaks and that has resulted in a surge in bullish sentiment. The latest weekly AAII sentiment survey showed that 42.6% of respondents reported as bullish this week. That is now the highest level of bullish sentiment since the first half of August and perhaps more notably, a […]
Gold Has Rebounded, Yet Miners Still Languish

Gold Has Rebounded, Yet Miners Still Languish

Image Source: Unsplash Both gold and silver sold off sharply in October following Jerome Powell’s commentary at the Fed’s September policy meeting, but have rebounded in the past few weeks amidst geopolitical and treasury supply concerns.Yet despite significantly higher precious metals prices today than a year ago, the mining sector has continued to struggle through what […]
S&P 500, Nasdaq Cling To Win Streaks

S&P 500, Nasdaq Cling To Win Streaks

The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are just above breakeven this afternoon, the former looking to extend its wining streak to nine and the latter to 10, amid a swath of positive corporate earnings. Elsewhere, the Dow Jones Industrial Average (DJI) is inching lower this afternoon, while the Cboe Volatility Index (VIX) is on […]
Initial Claims Continue Tame YoY

Initial Claims Continue Tame YoY

Initial jobless claims declined -3,000 to 217,000 last week. The 4-week average increased 2,000 to 212,750. With a one-week delay, continued claims increased by 22,000 to 1.814 million: More importantly for forecasting purposes, YoY both weekly initial claims and their 4-week average were up 4.8%. Continuing claims remained very elevated, up 27.4%: So far for […]
WeWork Investment Cost SoftBank $14.3B In Total Accumulated Losses

WeWork Investment Cost SoftBank $14.3B In Total Accumulated Losses

Image courtesy of 123rf.com SoftBank (SFTBY), the majority stakeholder in WeWork (WE), suffered $14.3 billion in cumulative losses. For the latest quarter, the Japanese investment giant reported $1.6 billion in losses related to WeWork. However, its renowned Vision Funds delivered positive performance thanks to Arm’s IPO and returned to profitability for the first time in six quarters.  WeWork Files for […]
Russell 2000 Earnings Dashboard 23Q3

Russell 2000 Earnings Dashboard 23Q3

  ↵Image Source: Pexels Russell 2000 Aggregate Estimates and Revisions The 23Q3 Y/Y blended earnings growth estimate is -7.1%. If the energy sector is excluded, the growth rate for the index is -2.7%. Of the 1,380 companies in the Russell 2000 that have reported earnings to date for 23Q3, 62.4% reported above analyst expectations. The 23Q3 Y/Y blended revenue growth estimate is -2.8%. If the energy sector is excluded, the growth rate for […]
3 Dividend Stocks Paying Monthly Dividends And High Yields

3 Dividend Stocks Paying Monthly Dividends And High Yields

Image Source: Pixabay A popular investment strategy for those seeking to rely on passive income from their portfolio is dividend growth investing. The value of this approach lies in the fact that it allows investors to disregard the fluctuations of the stock market and concentrate solely on their income stream.By purchasing dividend stocks that pay distributions […]