March 2024 - Page 147 of 200 -

Bull Of The Day: Li Auto

Mar 13, 2024 Jeremy Parkinson Finance 0

Company OverviewZacks Rank #1 (Strong Buy) stock Li Autio (LI) is an electric vehicle (EV) manufacturer known for its innovative approach to sustainable transportation. Unlike traditional electric car companies, Li Auto specializes in extended-range electric vehicles (EREVs) that integrate a small gasoline engine to charge the battery, offering a solution to “range anxiety” commonly associated with pure […]

WTI Dips After Smaller Crude Draw; Pump-Prices Set To Soar As Gasoline Stocks Plunge

Mar 13, 2024 Jeremy Parkinson Finance 0

Oil prices surged higher this morning after a Ukrainian drone struck one of Russia’s biggest refineries and API’s report overnight signaling shrinking US crude stockpiles.API Crude -5.52mm (+400k exp) Cushing -998k Gasoline -3.75mm Distillates -1.16mm DOE Crude -1.54mm (+400k exp) Cushing -220k Gasoline -5.66mm – biggest draw since Nov Distillates +888k The official data showed a […]

Sensex Today Tanks 906 Points; BSE Smallcap Index Slides 5%

Mar 13, 2024 Jeremy Parkinson Finance 0

After opening on a negative note, Indian share markets continued the downtrend as the session progressed and ended the day weak.Bears prowled on Dalal Street on Wednesday, March 13, with the benchmark S&P BSE Sensex and Nifty50 indices falling over 1% in intraday trade today.At the closing bell, the BSE Sensex stood lower by 906 points (down […]

WTI Crude Futures Climb Amid Inventory Declines And Global Supply Dynamics

Mar 13, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Rise in WTI Crude Prices: WTI crude futures experienced a notable upsurge, advancing nearly 2% to surpass the $79 per barrel mark on Wednesday. This upward trajectory was largely fueled by the latest insights from the American Petroleum Institute. API Report Findings: The report unveiled a significant 5.5 million-barrel plunge in U.S. crude […]

The Most Potent Labor Market Indicator Of All Is Still Strongly Positive

Mar 13, 2024 Jeremy Parkinson Finance 0

On Monday I examined some series from last Friday’s Household survey in the jobs report, highlighting that they more frequently than not indicated a recession was near or underway. But I concluded by noting that this survey has historically been noisy, and I thought it would be resolved away this time. Specifically, there was strong […]

Elliott Wave Technical Analysis: McDonald’s Corp.

Mar 13, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay MCD Elliott Wave Analysis Trading Lounge Daily Chart, 13 March 2024McDonald’s Corp., (MCD) Daily ChartMCD Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: Corrective STRUCTURE: FlatPOSITION: Wave (2) of 3. DIRECTION: Downside into wave C of (2). DETAILS: After breaking ATH at 300$, we’ve seen a pullback which appears to be bullish corrective. We are […]

GBP/USD Analysis: Pound Tests Resistance

Mar 13, 2024 Jeremy Parkinson Finance 0

After announcing a stronger than expected rise in US inflation rates, the downward momentum increased in the performance of the price of the British pound against the US dollar GBP/USD. Weaker-than-expected UK wage and employment data boosted the chances of a June rate cut by the Bank of England and led to broad-based weakness in the pound. […]

10-Year US Treasury Yield ‘Fair Value’ Estimate – Wednesday, March 13

Mar 13, 2024 Jeremy Parkinson Finance 0

The US 10-year Treasury yield continues to trade well above a ‘fair value’ estimate, based on the average of three models maintained by CapitalSpectator.com. The market premium continues to suggest that the benchmark rate’s upside potential is constrained, but at the same time, recent history suggests a relatively quick decline toward fair value still faces long odds, […]

USD/CAD Price Analysis: Strengthens Following Upbeat CPI

Mar 13, 2024 Jeremy Parkinson Finance 0

The USD/CAD price analysis reveals a subtle bullish tilt on Wednesday in response to the dollar’s resurgence after an upbeat inflation report. Simultaneously, the Canadian dollar is grappling with weakened strength amid a decline in oil prices.The dollar strengthened on Tuesday after US inflation data beat forecasts. Annual inflation rose by 3.2%, higher than economists […]

Copper Market Commentary – Wednesday, March 13

Mar 13, 2024 Jeremy Parkinson Finance 0

Copper Breaking OutCopper prices have broken out to their highest levels since August 2023 today. The move comes on the back of news that top Chinese copper smelters will slash production across loss-making sites in a bid to shore up the market against the tightness in raw materials. A surge in global smelting capacity along […]