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Hyster-Yale Materials: A Good Long-Term Bet

Hyster-Yale Materials: A Good Long-Term Bet

Image Source: PixabayRecent Quarter Earnings AnalysisHyster-Yale Materials (HY) recently reported better-than-expected third-quarter FY23 financial results. Revenue in the quarter increased by 19% year over year to $1.00 billion (vs. the consensus estimate of $932.6 million) due to higher sales volumes, favorable pricing, and FX translation. The diluted EPS in the quarter was $2.06 (vs. the consensus […]
The Bull And Bear Case For Gold In 2024

The Bull And Bear Case For Gold In 2024

Image Source: PixabayIn 2023, gold’s performance was notable for several reasons. First, the price of gold climbed to record highs, a reflection of its perceived value as a safe-haven asset amid global economic uncertainties. Investors increasingly turned to gold as a hedge against inflation and currency devaluation in response to geopolitical tensions and market volatility. The allure […]
Financial Markets Report For Thursday, December 28

Financial Markets Report For Thursday, December 28

Image Source: PexelsIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Thursday, December 28.Video Length: 00:13:35More By This Author:Metals Report For Thursday, December 28SPDR ETF Report For Wednesday, December 27Financial Markets Report For Wednesday, December 27
Gold Price Forecast: XAU/USD Advances To $2,070 As Market Sentiment Improves

Gold Price Forecast: XAU/USD Advances To $2,070 As Market Sentiment Improves

Image Source: Unsplash Gold price demonstrates strength as US Dollar faces challenges on improved market sentiment. The investor risk appetite improves as softer US data backs the Fed to be dovish in the upcoming policy meetings. The downbeat US bond yields represent investors’ mood bias toward lowered Fed’s policy rates anytime soon. Gold price trades higher near $2,070 per troy […]
3 Stocks Displaying Considerable Momentum Heading Into 2024

3 Stocks Displaying Considerable Momentum Heading Into 2024

Image Source: UnsplashAmid the recent favorable price action within the market, several stocks are nearing or breaking 52-week highs, including Shopify (SHOP), The Gap (GPS), and StoneCo (STNE).  And in addition to recent momentum, all three sport a favorable Zacks Rank, reflecting upward earnings estimate revisions among analysts. Let’s take a closer look at each for […]
Boeing Pullback Structure Looks Corrective

Boeing Pullback Structure Looks Corrective

Image Source: UnsplashShort Term Elliott Wave View in Boeing (BA) suggests rally from 10.27.2023 low is in progress as a 5 waves impulse. Up from 10.27.2023 low, wave 1 ended at 197.14 and pullback in wave 2 ended at 189.57. The stock then resumed higher in wave 3. Up from wave 2, wave ((i)) ended at […]
The S&P 500 Is Stuck, But The Winds Of Market Change Are Blowing

The S&P 500 Is Stuck, But The Winds Of Market Change Are Blowing

Image Source: UnsplashAnyway, I took half a day off today to spend time with my family, and I did family things in New York City in the rain. But I think I paid attention to the day’s main points and understood what was happening well. It appears that tomorrow has turned into a mini-monthly opex and […]
Economic Forecast For 2024: Recession Now Unlikely

Economic Forecast For 2024: Recession Now Unlikely

Image source: PixabayThe 2024 slowdown will probably not be recession, though that’s certainly a possibility. I had previously predicted a recession, of mild magnitude, beginning in late 2023 or early 2024. This forecast retreats from that prediction. Why a recession did not materialize helps to understand the economic outlook going forward.The usual time lag between changes […]
Metals Report For Thursday, December 28

Metals Report For Thursday, December 28

Image Source: UnsplashIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:12:06More By This Author:SPDR ETF Report For Wednesday, December 27Financial Markets Report For Wednesday, December 27Metals Report For Wednesday, December 27
Current Analysis: Suburban Propane

Current Analysis: Suburban Propane

Image Source: PixabaySuburban Propane Partners LP (SPH) distributes propane, fuel oil, and other refined fuels to customers in the East Coast and West Coast regions of the United States.Other operations include natural gas and electricity marketing in the deregulated New York and Pennsylvania markets.The company operates in three segments: (1) Propane; (2) Fuel Oil and Refined Fuels; […]