November 2023 - Page 35 of 244 -

ZS: Great Quarter, Stock -7%; Implications For CRWD And SNOW

Nov 27, 2023 Jeremy Parkinson Finance 0

Cloud cybersecurity firm Zscaler (ZS) just reported an excellent quarter – and the stock is -7% in the after-hours. Revenue was +40% to $497 million and EPS of 67 cents was +131%. ZS also raised full-year guidance to revenue of $2090-$2100 million and EPS of $2.45-$2.48 – from $2050-$2065 million and $2.20-$2.25, respectively. It’s a […]

Not Necessarily The Mega Caps And Everyone Else

Nov 27, 2023 Jeremy Parkinson Finance 0

You would have to be living under a rock this year to not know that the performance of US stocks has been driven in large part by companies with the highest market caps. To illustrate it again, the chart below summarizes the YTD performance of stocks in the S&P 500 based on where their market […]

Stocks Stumble As November Winds Down

Nov 27, 2023 Jeremy Parkinson Finance 0

Stocks stumbled today, with the Dow, S&P 500, and Nasdaq all finishing modestly lower to start the last week of November. Ahead of a loaded slate of economic data, Wall Street today monitored spending data amid the Black Friday and Cyber Monday retail events. Elsewhere, the CBOE Volatility Index (VIX) rose for the first time in seven […]

A Look At Retail ETFs Post Q3 Earnings

Nov 27, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The overall Q3 earnings picture for the retail sector has been good so far. Total earnings from 80.9% of the sector’s total market capitalization reported so far are up 38.5% on 8.3% higher revenues, with 87% beating EPS estimates and 78.3% beating revenue estimates. This is a notably better performance relative to other recent periods, […]

European Fund Flow Trends Report, October 2023 Fund Flows by Lipper Global Classifications, October 2023

Nov 27, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay The European fund industry witnessed overall outflows over the course of October 2023. These outflows occurred in a further unstable market environment in which some asset classes nevertheless showed positive results while others performed negatively. That said, especially equity indices faced a drawback over the course of the month, which contributed to the […]

Three Big AI Stocks To Consider Other Than Nvidia

Nov 27, 2023 Jeremy Parkinson Finance 0

Image courtesy of 123rf.com Global AI startup investments have tripled since 2020, going from $30 billion to $91.9 billion in 2022. But as we near the end of the year, AI deals suffered a slowdown. This follows a larger capital consolidation trend.Per the CB Insight report for Q3 2023, global venture funding of $64.6 billion represents an 11% increase from […]

Dallas Fed Still In Contraction

Nov 27, 2023 Jeremy Parkinson Finance 0

Economic data was light this morning, but both US releases were disappointing with new home sales and the Dallas Fed’s reading on manufacturing activity coming in worse than expected. For the latter, the General Business Activity Index dropped to -19.9 from -19.2 the previous month. That was also 3.9 points below expectations. With another negative […]

Gold, Silver And Bitcoin Shine Brightly This Holiday Season

Nov 27, 2023 Jeremy Parkinson Finance 0

The 2023 holiday season is officially upon us, and already, records are being shattered. Black Friday deal-hunters in the U.S. shelled out $9.8 billion online, a 7.5% over last year, according to Adobe Analytics. Consumers may have spent an additional $10 billion over the weekend and could spend a massive $12 billion on Cyber Monday, which would […]

The COMEX Silver Dilemma…

Nov 27, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay Over the past year, we’ve heard about the seemingly constant growth in industrial demand for silver, and how China is leading the charge in terms of their silver consumption. So far we have yet to see a significant impact on the COMEX price of silver to reflect this activity, but in today’s show […]

AUD/USD Rises Above 200-DMA On Overall USD Weakness, Ahead Of Australia’s CPI

Nov 27, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The AUD/USD prolongs its gains to three straight days and pierces the 200-day moving average (DMA) of 0.6583, up by 0.21%, after bouncing from daily lows witnessed at around 0.6567. A softer US Dollar (USD) due to falling US bond yields sponsored the Aussie Dollar (AUD) last month’s rally of more than 4%. At the time of […]