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Nu Holdings: A Buffet-Backed Bank Stock With Serious Growth Potential

Nu Holdings: A Buffet-Backed Bank Stock With Serious Growth Potential

Image courtesy of 123rf.com In around ten years, Nu Holdings (NYSE: NU) evolved from a digital banking startup to an industry giant, attracting the attention of some of the world’s most prominent investors along the way, including Warren Buffet. Today, the company is trading at a premium valuation, but it continues to be an appealing bet, as […]
Gold Stocks Lagging

Gold Stocks Lagging

The gold miners’ stocks are lagging gold’s strong young upleg, their gains falling behind. Their striking performance gap is undermining gold-stock sentiment, leaving traders even warier of this sector. While definitely vexing, this anomaly has only arisen over the past couple of weeks. Gold stocks’ precedent during past major gold uplegs implies this will unwind […]
Meta’s Cost Optimization Initiatives Are Paying Off

Meta’s Cost Optimization Initiatives Are Paying Off

Photo Credit: Marco Paköeningrat/Flickr.com Meta (Nasdaq: META), formerly Facebook, recently announced its third-quarter results that outpaced market expectations. Digital ad spend has picked up in the recent past, helping Meta’s performance. According to eMarketer, Digital ad spend worldwide will increase nearly 10% to $601.84 billion this year from $549.51 billion in 2022. Meta’s Financials Meta’s Q3 revenues grew […]
Soft U.S. Jobs Report Reinforces The Message That The Fed’s Work Is Done

Soft U.S. Jobs Report Reinforces The Message That The Fed’s Work Is Done

Labour market numbers are always the last thing to turn in an economic cycle so the softening in employment and wage growth and the rise in the unemployment rate makes it all the more likely that the Federal Reserve won’t hike interest rates again.Image Source: Pexels Payrolls momentum continues to softenToday’s US jobs report is softer […]
U.S. Dollar Ready For Next Move; Commodities And Equities Watching

U.S. Dollar Ready For Next Move; Commodities And Equities Watching

Image Source: Pixabay The U.S. Dollar rally has taken a breather, with the King of the currency world trading sideways for the past several weeks.But there is a reason for this pause, as you can see in today’s “weekly” chart of the U.S. Dollar Index.King Dollar ran into its 50% Fibonacci retracement level… and stopped on a […]
Wall Street Cruising Toward Rare Winning Week

Wall Street Cruising Toward Rare Winning Week

For a second straight Friday, stocks are confidently higher midday, with freefalling bond yields, upbeat jobs data, and some encouraging corporate reports fueling the rally. Barring an unsightly late-afternoon collapse, the Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) are all headed toward their best weeks of the year. And despite […]
The Energy Report: Desperately Seeking Safety

The Energy Report: Desperately Seeking Safety

Photo by Zbynek Burival on UnsplashSometimes you must follow hedgers to get an idea of potential upside risk in a market. Hedging activity in the products surged to year highs because the major players can’t afford to be complacent in a world where the risk of a major price spike is at the highest level […]
Job Growth Slows To 150,000 Employment Drops By 348,000

Job Growth Slows To 150,000 Employment Drops By 348,000

The divergence between jobs and employment widens again. Manufacturing jobs declined by 35,000 due to strike related activity. Revisions were negative. Please consider the Bureau of Labor Statistics Monthly Payroll Report for October. Key Takeaways The gain of 150,000 jobs was weaker than the Bloomberg consensus estimate of 179,000. The BLS estimates the UAW strike is responsible for 33,000 […]
EUR/USD Forecast: Bounces Around

EUR/USD Forecast: Bounces Around

In the end, the euro’s recent rally toward the 50-Day EMA is a noteworthy development in the market.  The EUR/USD made a significant rally during Thursday’s trading session, capturing the attention of many market participants. It appears that the currency is poised to make a swift move towards the 50-Day Exponential Moving Average. The 50-Day EMA is a […]
Goldilocks Latter Innings Indeed

Goldilocks Latter Innings Indeed

S&P 500 continued the post FOMC risk-on move, the bear squeeze. 4,298 was broken with ease, and the upswing didn‘t stop even in the high 4,310s. Following this level, I see the mid 4,330s as the key one that better hold – and looking at yesterday‘s semiconductors vs. tech showing or HYG intraday hesitation, or […]