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Tesla Shares Fall 5% On HSBC $146 Target, Continued Cybertruck Skepticism

Tesla Shares Fall 5% On HSBC $146 Target, Continued Cybertruck Skepticism

Image Source: PexelsTesla (TSLA) shares sold off by more than 5% on Thursday after HSBC came out and added yet another bearish sell-side voice to the discussion about Elon Musk’s EV automobile empire. HSBC’s Michael Tyndall began coverage of Tesla shares on Thursday, advising a sell and setting a target of $146, suggesting a potential 33% decline […]
Impressive Performance Of Duolingo

Impressive Performance Of Duolingo

Image Source: UnsplashI am sharing this chart of Duolingo (DUOL) not because it’s an interesting chart, but because I’m quite impressed that a relatively new company like this is actually thriving. Good on them!More By This Author:A One-Two WarningA Different Kind Of Gap What The Fed Is Watching?
Market Freaked Out By Fed

Market Freaked Out By Fed

Image Source: PixabayIn today’s video, we look at the 30-year bond auction and Fed Chair Jerome Powell’s statement. We discuss the worst performance in the 30-year bond auction in years and we review the Fed’s tacit admission of failure to get inflation under control.Video Length: 00:13:57More By This Author:Markets Too Quiet For Comfort? Bonds Bounce Back, […]
Aurora Cannabis’ Q2 Net Income Was Positive For The First Time

Aurora Cannabis’ Q2 Net Income Was Positive For The First Time

Aurora Cannabis Inc. Logo (CNW Group/Aurora Cannabis Inc.) The information below compares Q2 2024 ended September 30th, 2023 with Q1 2024 and all figures are in Canadian dollars. Go here to convert into another currency. Q2 Financial Highlights  Net Revenue: DOWN 15.5% to $63.4M Adj. Gross Margin: DOWN to 44% from 51% Medical: UP 5.3% to […]
Earnings Estimates Come Under Pressure

Earnings Estimates Come Under Pressure

Image Source: Pexels With results from 88% of S&P 500 members already out, we can confidently say that the overall earnings picture remains stable and largely positive. Earnings growth for the S&P 500 index, which was negative for each of the preceding three quarters, is on track to turn positive in Q3, with the growth pace […]
Stocks Plunge Following A Horrific 30-Year Bond Auction

Stocks Plunge Following A Horrific 30-Year Bond Auction

Image Source: Pexels Stocks fell today as the call wall at 4,400 continued to provide meaningful levels of resistance, which is kind of sort important. Becuase over the past few days, as the call wall has offered a very strong level of resistance, the zero gamma level, which is kind of like support, or maybe a […]
The Magnificent Seven: A Taxing Question

The Magnificent Seven: A Taxing Question

“The Magnificent Seven” term has transcended its cinematic roots to become the collective moniker for a select group of U.S. mega-cap stocks responsible for over 90% of the S&P 500®’s YTD gains to October’s end. Their stellar performance has, naturally, elevated their valuations. It has also increased their already-hefty collective weight in the equity benchmark. Some might be wondering […]
TSX Earnings Scorecard 23Q3 – Thursday, Nov. 9

TSX Earnings Scorecard 23Q3 – Thursday, Nov. 9

Photo by Michelle Spollen on Unsplash TSX Composite Aggregate Estimates and Revisions 23Q3 earnings are expected to decrease by 2.5% from Q3 2022. Excluding the energy sector, the earnings growth estimate is 6.8%. 54.7% of companies have reported Q3 2023 earnings above analyst expectations. 23Q3 revenues are expected to increase by 2.7% from Q3 2022. Excluding the energy sector, the revenue growth estimate […]
Stocks And Precious Metals Charts – A Dodgy Treasury Auction

Stocks And Precious Metals Charts – A Dodgy Treasury Auction

Stocks were trying to keep piling on their gains, but alas, a dodgy Treasury auction and some of the usual hawkish burbling from Joltin’ Jay Powell triggered the rinse cycle. Gold and silver tried to rally but were caught up in the same wave of bipolar pseudo-hawkishness and ended up lower on the day.VIX rose.These guys […]
Economic Outlook: Will 2024 Be Better?

Economic Outlook: Will 2024 Be Better?

Image Source: Pexels As we begin to close out a year dominated by historic inflation and interest rate hikes, the question on everyone’s mind is when will things get better? CNBC’s Sharon Epperson asks The Conference Board Chief Economist Dana Peterson to look ahead to 2024 and examine what the economic landscape may resemble, and what […]