December 2023 - Page 88 of 232 -

Forget Inflation, Santa Is Here

Dec 19, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels Markets are continuing their march higher today during this seasonally strong period. Santa Claus has indeed arrived, with the Nasdaq Composite and Dow Jones Industrial indices reaching new all-time highs this morning. A sharp increase in construction activity, which could have been interpreted as inflationary, failed to derail sentiment, as yields and the […]

Nothing New In Gold, But Big News For Gold

Dec 19, 2023 Jeremy Parkinson Finance 0

Gold price didn’t do much yesterday, but USD’s comeback above the 61.8% Fibonacci retracement has major implications for it.There are times when gold and the USD Index move in the same direction, but in the vast majority of cases, they move in opposite directions. This makes perfect sense, because no asset’s price can move completely independently […]

Lufthansa To Buy Boeing 737 For The First Time Since 1995

Dec 19, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Boeing Co (NYSE: BA) is up 2.0% today after Lufthansa placed an order for 40 of its 737-8 MAX. Lufthansa buys 40 of Boeing’s 737 Max The German flagship air carrier also has an option to buy another 60 of those planes from Boeing in the future.It’s the first time that Lufthansa has purchased the […]

Stocks Are Richly-Priced & The Economy Is Late-Stage, So ‘Selectivity’ Is Key

Dec 19, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels By many calculations, the stock market has returned to rich valuations.Following one of the best Novembers in market history and now juiced by fresh optimism for rate cuts — now 3 of them — in 2024, how valid are concerns that stocks are becoming increasingly overpriced and a pullback is warranted?To find out, […]

Most Active Equity Options For Midday – Tuesday, Dec. 19

Dec 19, 2023 Jeremy Parkinson Finance 0

Top Tickers: TSLA, NVDA, AMD, MARA, AMZN, AAPL, META, KVUE, NIO, AFRM, HOOD, GOOGL, BAC, PFE, MSFT, CVNA, SOFI, RIOT, AI, PLTR. Data Courtesy Of Trade Alert More By This Author:Most Active Equity Options For Midday – Monday, Dec. 18Most Active Equity Options For Midday – Thursday, Dec. 14Most Active Equity Options For Midday – Tuesday, Dec. […]

Are Bond Yields Facing Historic Overbought Correction?

Dec 19, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay The past few years have seen interest rates soar. But perhaps it’s a case of too far, too fast.Today we look at interest rates in the form of treasury bond yields. And more specifically, the 30-year treasury bond yield.As you can see, the 30-year bond yield has been in a downtrend since peaking in […]

Housing Starts Jump 14.8 Percent But Permits Sink 2.5 Percent

Dec 19, 2023 Jeremy Parkinson Finance 0

Housing data from Commerce Department, chart by MishVia incentives, mortgage write downs, and limited availability of existing homes to buy, the builders are holding up much better than real estate agents.Building Permits Privately-owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,460,000. This is 2.5 percent below […]

Dow Up Triple Digits; S&P 500 Near Record High

Dec 19, 2023 Jeremy Parkinson Finance 0

The Dow Jones Industrial Average (DJI) boasts a triple-digit lead this afternoon and is on its way to nabbing a ninth-straight win alongside the Nasdaq Composite (IXIC). Meanwhile, the S&P 500 Index (SPX) is pacing for its eighth gain in nine sessions, and is now within striking distance of record highs as the Federal Reserve’s dovish stance continues to […]

The Lyft Gap

Dec 19, 2023 Jeremy Parkinson Finance 0

Gaps are very interesting to me, although I’m not quite sure of their logic. LYFT, for instance, had a price gap from eons ago at $15.99. Yesterday the price leaked at $15.95 and is now backing off. I’d thus consider the price gap sufficiently sealed, following a doubling of price since May. Longer-term, you can see […]

Cloud Stocks: Adobe Calls Off Figma Acquisition

Dec 19, 2023 Jeremy Parkinson Finance 0

Photo Credit: midiman/Flickr.com Adobe (Nasdaq: ADBE) recently reported its quarterly results that continued to outpace market expectations. However, a lesser optimistic outlook for the coming year sent the stock falling 6% in the after-hours trading session. Adobe’s Financials Adobe’s fourth-quarter revenues grew 12% to $5.05 billion, ahead of the market’s estimates of $5.03 billion. Adjusted EPS […]