December 2023 - Page 86 of 232 -

The Case For A Bullish 2024

Dec 19, 2023 Jeremy Parkinson Finance 0

Image Source: PixabayAfter such a strong year for equities in 2023, it may seem odd to think that 2024 could pad those already healthy gains. There are, however, a couple of reasons (besides the government’s persistent aid of the stock market) to consider this might be the case. The Presidential election year cycle tends to favor it. According to Merrill Lynch’s research, […]

Urals And Brent Oil Prices

Dec 19, 2023 Jeremy Parkinson Finance 0

Houthi attacks on shipping spur rise in oil prices. Here’s a graph to put things in perspective, for the world price, and the price Russia is getting for its oil. Source: TradingEconomics.com, accessed 12/19/2023.The Brent-Urals gap is $19 per barrel.Pass through from oil into gasoline is about 37% after about 3 months, according to Hakan Yilmazkuday.More By […]

Macro: Housing Starts — High Construction Activity Continues

Dec 19, 2023 Jeremy Parkinson Finance 0

Housing starts jumped by 201,000 in November.While the number beat expectations in an eye popping way, I don’t expect to see a meaningful upswing. Construction activity is already historically high and seems to be constrained. There is plenty of backlog of houses waiting to be built. And, we seem to be working through those unfilled […]

Can Semiconductor ETFs Continue To Shine In 2024?

Dec 19, 2023 Jeremy Parkinson Finance, No picture 0

Semiconductor stocks surged this year, thanks to the AI Bonanza, as these companies provide picks and shovels for the AI gold rush. Semiconductor ETFs are also the best-performing ETFs of the last 10 years, as chips—the basic building blocks of computation—have become integral in everything from smartphones to cars, laptops, PCs, video games, and data […]

Market Talk – Tuesday, Dec. 19

Dec 19, 2023 Jeremy Parkinson Finance 0

ASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 increased 460.41 points or 1.41% to 33,219.39 Shanghai increased 1.59 points or 0.05% to 2,932.39 Hang Seng decreased 124.23 points or -0.75% to 16,505.00 ASX 200 increased 62.70 points or 0.84% to 7,489.10 Kospi increased 1.69 points or 0.07% to 2,568.55 SENSEX increased […]

Metals, Cryptos & AI: The Future Of Investing Or Just Modern Alchemy?

Dec 19, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash This video highlights another important lesson in relative strength. Despite the volatility in precious metals in recent weeks, a few names have stood out above the rest. In the crypto space, not all names have behaved equally either.Video Length: 00:12:12More By This Author:What’s Next? The Aftermath Of The Fed Pivot Irrational FOMC Exuberance […]

Chewy Stock Outlook: Jefferies Sees Upside To $27

Dec 19, 2023 Jeremy Parkinson Finance 0

Image source: Pixabay Chewy Inc (NYSE: CHWY) has had a terrible 2023 but the coming year will likely be a different story altogether, says Kaumil Gajrawala – a Jefferies analyst. Chewy stock has 25% upside Gajrawala assumed coverage of the online pet food retailer with a “buy” rating this morning and said its shares could climb […]

WTI Fades Off 2-Week Highs After API Reports Across-The-Board Inventory Builds

Dec 19, 2023 Jeremy Parkinson Finance 0

Oil prices bounced once again today to two-week highs as tensions in the Red Sea stoked worries over potential supply disruptions. The “longer-term impact on oil prices of Houthis’ attacks on oil tankers through the Red Sea is a complicated one, but the attacks do have immediate repercussions: delay in delivery of crude and higher […]

Dow, Nasdaq Stay Hot With 9-Straight Wins

Dec 19, 2023 Jeremy Parkinson Finance 0

Wall Street’s end-of-the-year rally is still going strong, with outperforming energy stocks taking their turn today to lift investor sentiment. The Dow and Nasdaq scored their ninth-straight wins, the former nabbing its fifth-straight record close thanks to a 252-point pop, while the S&P 500 moved closer to its Jan. 2022 record highs. Elsewhere, the 10-year Treasury […]

U.S. Trade: Visualizing Share Of Imports For Select Countries (1989-2023)

Dec 19, 2023 Jeremy Parkinson Finance 0

Since 1989, the U.S.’ largest trade partner by share of imports has changed four times.Similarly, the top 10 ranking of importers has seen a shuffle as well, as some countries gain share and eclipse rivals due to favorable trade policies and economic conditions.We highlight the changing fortunes of seven select countries—past alliances and emerging partnerships—that […]