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Archives by Year:
Confidence, Sentiment, And News In April: Some Time Series
Sharp reactions to Conference Board consumer confidence index today. Here’s some context for this movement, as well as that in the U.Michigan survey of economic sentiment.Figure 1: University of Michigan Consumer Sentiment (blue, left scale), Conference Board Consumer Confidence (tan, left scale), Gallup Economic Confidence (light green, left scale), all demeaned and normalized by standard deviation […]
Stocks And Precious Metals Charts – The Selling Began
The Employment Cost Index came in higher than expected, and so the selling began.Stocks fell sharply, going out on the lows.The Dollar rallied sharply on the bearish outlook for interest rates. VIX rose.Gold and silver received their traditional pummeling ahead of the FOMC meeting.Have a pleasant evening. More By This Author:Stocks And Precious Metals Charts – […]
Wages And Benefits Rise More Than Expected, Bond Yields Jump
Employment cost index data from the BLS, chart by Mish. The BLS Employment Cost Index was on the hot side for the first quarter of 2024. Compensation costs for civilian workers increased 1.2 percent, seasonally adjusted, for the 3-month period ending in March 2024 Wages and salaries increased 1.1 percent and benefit costs increased 1.1 percent from […]
AMD Q1 Earnings: Data Center Segment Surges 80%, But Shares Fall In Extended Trading
Image Source: Unsplash AMD (Nasdaq: AMD) reported first-quarter results that slightly surpassed Wall Street expectations, with earnings of 62 cents per share on revenue of $5.47 billion, compared to consensus expectations of 61 cents per share on revenue of $5.46 billion.Despite these results, AMD shares fell over 3% in extended trading. Current quarter outlook Looking ahead, AMD […]
Two Utility Stocks That Can Gain From AI’s Growing Energy Demand
Image courtesy of 123rf.com Since time immemorial, desirable features have had a cost. For example, Bitcoin’s cost in securing the network comes in computing power expressed in hash rate, which is harnessed from energy. Likewise, generative AI may be revolutionary, but it demands great computing power.For example, when a user asks an AI model to generate […]
Starbucks Earnings Report: Revenue Misses Expectations, EPS Declines, Stock Drops
Image Source: Unsplash Starbucks Corporation (Nasdaq: SBUX) has reported a revenue miss in its Q1 2024 earnings report, disappointing investors and causing the SBUX stock price to drop by over 10% in the market after hours.The company’s consolidated net revenues for the quarter were down 2% to $8.6 billion, falling short of market expectations. The decline was […]
Market Talk – Tuesday, April 30
ASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 increased 470.90 points or 1.24% to 38,405.66 Shanghai decreased 8.22 points or -0.26% to 3,104.82 Hang Seng increased 16.12 points or 0.09% to 17,763.03 ASX 200 increased 26.70 points or 0.35% to 7,664.10 Kospi increased 4.62 points or 0.17% to 2,692.06 SENSEX decreased […]
Bitcoin Cash founder Roger Ver arrested in Spain for tax evasion
Roger Ver, the founder of Bitcoin Cash and a public figure known as “Bitcoin Jesus,” was arrested in Spain on charges of mail fraud, tax evasion, and filing false tax returns. Ver is facing extradition to the US to stand trial.According to the US Department of Justice (DOJ), the indictment was unsealed yesterday and accuses […]
Amazon Swings Wildly After Reporting Blowout AWS Results But Revenue Guidance Disappoints
Image Source: Unsplash Heading into Amazon’s Q1 earnings, we said earlier that the investment thesis is driven by i) e-commerce share, ii) margin expansion, and iii) the potential for AWS growth recovery through the year. We also noted that the key bogeys for this extremely popular – among hedge funds – position were the following: Q1 […]
Stocks Limp Into May With First Monthly Loss Of 2024
Stocks ended April on an ugly note, weighed down by lackluster corporate reports and some unsavory economic data. The Dow suffered a 570-point loss, stumbling into the close at session lows. The S&P 500 and Nasdaq followed suit, as investors get skittish ahead of comments from Fed Chair Jerome Powell tomorrow, where more ‘higher for longer’ rhetoric […]
