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Here Is What Wall Street Is Saying About Qualcomm Ahead Of Earnings

Here Is What Wall Street Is Saying About Qualcomm Ahead Of Earnings

Image Source: Unsplash Qualcomm (QCOM) is scheduled to report results of its fiscal fourth quarter after the market closes on November 1 with a conference call scheduled for 4:45 pm ET. What to watch for: GUIDANCE: Along with its last report, Qualcomm guided for Q4 adjusted earnings per share of $1.80-$2.00 on revenue of $8.1B-$8.9B. At the time, analysts […]
What Interest Rates Say About Home Prices

What Interest Rates Say About Home Prices

The average home price in Canada ($757k) is about 141% higher than what is considered affordable for the average household income. In the highest-population areas, like the Greater Vancouver and Toronto Areas, where incomes and home prices are higher than the national average, the affordability numbers are much worse. Price-to-income ratios in the mid-west and […]
Bitcoin And Ethereum: Bitcoin In Sideways Movement

Bitcoin And Ethereum: Bitcoin In Sideways Movement

Bitcoin chart analysisBitcoin price continued its sideways movement today. On the upper side, we encounter resistance at the $34800 level, and we get support at the 34300 level. Slight bearish pressure is noticeable ahead of tonight’s US interest rate news. Everyone is waiting to see what the Fed will announce tonight. We need a jump […]
Fed Holds Rates Steady, Issues Say Nothing Boilerplate Statement

Fed Holds Rates Steady, Issues Say Nothing Boilerplate Statement

FOMC Statement Recent indicators suggest that economic activity expanded at a strong pace in the third quarter. Job gains have moderated since earlier in the year but remain strong, and the unemployment rate has remained low. Inflation remains elevated. The U.S. banking system is sound and resilient. Tighter financial and credit conditions for households and […]
3 Potential Stocks Set Up For A Historically Performant November

3 Potential Stocks Set Up For A Historically Performant November

Image Source: Unsplash Following Tuesday’s Halloween, the holiday season is ahead just after Thanksgiving on November 24th. During the season, there is typically an uptick in retail sales. Case in point, MasterCard SpendingPulse data showed a 7.6% year-over-year increase from November 1 to December 24, 2022.Alongside ramped-up consumer spending, mutual funds and pension funds rebalance their portfolios, leading to […]
Grains Report – Wednesday, November 1

Grains Report – Wednesday, November 1

Photo by Polina Rytova on UnsplashDJ CBOT Delivery Intentions: Totals – Nov 1 Source: CME Group Contract Quantity Next Trade Commodity Month Delivery Day Assigned Today Date Available SOYBEAN November Nov 02, 2023 438 Oct 20, 2023 WheatGeneral Comments: Wheat markets closed lower yesterday in search of new demand. Trends are turning down in all three […]
Choppy Markets & Volume – The Corn & Ethanol Report

Choppy Markets & Volume – The Corn & Ethanol Report

Photo by Waldemar on UnsplashWe kickoff the All Saints Day and month of November with MBA 30-Year Mortgage Rate, MBA Mortgage Applications, MBA Mortgage Market Index, MBA Mortgage Refinance Index, and MBA Purchase Index at 6:00 A.M., ADP Employment Change at 7:15 A.M., S&P Global Manufacturing PMI Final at 8:45 A.M., ISM Manufacturing PMI, JOLT’s […]
Bull Of The Day: The Gap, Inc.

Bull Of The Day: The Gap, Inc.

The Gap (GPS) , a Zacks Rank #1 (Strong Buy), operates as an apparel retail company. GPS shares are widely outperforming the market over the past six months thanks to improved margins, resulting in a bevy of brokerage upgrades and price target hikes. The stock is hitting a series of higher highs and displaying relative […]
Fed Remains ‘Paused’, Acknowledges Tightening Financial Conditions ‘Doing Its Job’

Fed Remains ‘Paused’, Acknowledges Tightening Financial Conditions ‘Doing Its Job’

Image source: Wikipedia  Tl;dr: The Fed kept rates unchanged, as expected but the addition of one word is key: “Tighter financial and credit conditions for households and businesses are likely to weigh on economic activity, hiring, and inflation.” Is that The Fed sending a message to Janet Yellen: “stop spending like drunken sailors”.***Since The Fed’s last statement and press conference […]
Healthcare Playbook: Hardly Defensive With A Covid Hangover In Biotech

Healthcare Playbook: Hardly Defensive With A Covid Hangover In Biotech

Image Source: Unsplash Healthcare Playbook: Hardly Defensive and with A COVID Hangover Biotech Bear Market: Some nibbling at the bottom with IBB at $113 and XBI at $66. Little help from recent earnings but our Focus Large Cap Biopharma picks are strong holds: ABBV, LLY, MRK, REGN, VRTX. PFE a speculative play. UNH remains Core Holding; but […]