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OPEC+ Skepticism Causes Trading Crude Oil Slide

OPEC+ Skepticism Causes Trading Crude Oil Slide

Image Source: Unsplash In the early hours of Wednesday’s Asian trading session, trading crude oil experienced a decline, reflecting ongoing skepticism surrounding the effectiveness of OPEC+ production cuts. The market also responded to growing concerns about China’s economic outlook. This pushed both Brent crude and US WTI crude futures to their lowest levels since July 6. […]
McDonald’s Partners With Google As It Lays Out Ambitious Goals For 2027

McDonald’s Partners With Google As It Lays Out Ambitious Goals For 2027

Image Source: Pexels McDonald’s Corp (NYSE: MCD) just announced a strategic partnership with Google Cloud. Its shares are still trending slightly down at writing. McDonald’s to tap on AI solutions The said collaboration will see McDonald’s tap on artificial intelligence to improve operations.It will help reduce business disruptions and complexity – and accelerate automation innovation at its restaurants […]
Stocks Edge Higher On Hopes Of Soft Economic Landing

Stocks Edge Higher On Hopes Of Soft Economic Landing

Easing labor costs, rising productivity, and a cooling labor market are supporting Wall Street this afternoon. The Dow Jones Industrial Average (DJI), Nasdaq Composite Index (IXIC), and S&P 500 Index (SPX) are all above breakeven midday, as investors hope the upbeat economic data will turn the Federal Reserve dovish and the U.S. will avoid recession. MongoDB Inc (Nasdaq: MDB) stock is down […]
Real Personal Income Revised Higher

Real Personal Income Revised Higher

“Davidson” submits:Most smaller cos remain deeply undervalued in my view.The bullish case for equities remains intact as Real Personal Income-revised (1st chart), continues to outpace inflation. Economic data is plodding and captures little focus with most headlines on whether or not the current release is better or not than expectations or the prior release. No headlines highlight […]
FTSE Breaks Losing Streak Despite BAT Losses, BT Continues To Gain

FTSE Breaks Losing Streak Despite BAT Losses, BT Continues To Gain

Image Source: Pexels Wednesday’s trading, the FTSE 100 in Britain ticked marginally higher by 0.6% as the increase in mining stocks balanced out the decrease in British American Tobacco (BAT) due to their announcement of a $31.5 billion impairment charge. The industrial metal mining sector saw a 2.2% increase as the prices of various base metals […]
Diamond Lifetime High

Diamond Lifetime High

Well, the bulls keep running with 2023 (with scissors, perhaps, but running nonetheless) as the Dow Industrials ETF symbol DIA (the “DIAmonds“) blasts to yet another lifetime high. That failure below the trendline has got to be one of the grandest fake-outs ever. As long as we’re talking lifetime highs, here’s another unlikely victory: Homebuilders! This is […]
ADP Data Shows U.S. Added 103k Jobs In November, Lower Than Expected

ADP Data Shows U.S. Added 103k Jobs In November, Lower Than Expected

Image courtesy of 123rf.com Payroll processor ADP reported that the US private sector added 103,000 jobs in November, missing the consensus estimates of 128,000 and below the 106,000 reported a month earlier. US equities climbed at the market open on Wednesday, while Treasury bond yields experienced a pullback.  Private Sector Sees Slowest Wage Growth Since Sep. 2021  According […]
WTI Extends Losses To 5-Month Lows Despite Crude Draw, Production Decline

WTI Extends Losses To 5-Month Lows Despite Crude Draw, Production Decline

Photo by Timothy Newman on Unsplash  Oil prices extended their recent plunge (to five-month lows) overnight following across-the-board inventory builds reported by API (especially at the Cushing hub). This morning’s weak ADP report added more selling pressure (demand anxiety building on China concerns) as supply soars with US oil exports near record highs amid record high domestic crude production […]
Analytical Overview Of The Main Currency Pairs – Wednesday, Dec. 6

Analytical Overview Of The Main Currency Pairs – Wednesday, Dec. 6

Image Source: Unsplash  The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0834 Prev Close: 1.0795 % chg. over the last day: -0.36 % The US dollar found support on Tuesday amid increased demand for safe-haven housing after Moody’s Investors Service downgraded China’s credit outlook from stable to negative due to rising debt. Euro weakness also supported […]
Bear Of The Day: Floor & Decor (FND)

Bear Of The Day: Floor & Decor (FND)

Floor & Decor Holdings (FND) is a multi-channel specialty retailer of hard surface flooring and related accessories. The stock is currently a Zacks Rank #5 (Strong Sell), with analysts taking their earnings expectations lower across the board. Image Source: Zacks Investment ResearchIn addition, the company resides in the Zacks Building Products – Wood industry, which […]