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Here’s What Wall Street Experts Are Saying About Walmart Ahead Of Earnings

Here’s What Wall Street Experts Are Saying About Walmart Ahead Of Earnings

Image Source:Mike Mozart, Flickr Walmart (WMT) is scheduled to report results of its first quarter before the market open on Thursday, May 16, with a conference call scheduled for 8:00 am EDT. What to watch for: GUIDANCE: In February, Walmart forecast fiscal 2025 adjusted earnings per share of $6.70-$7.12 on revenue of up 3%-4% vs. fiscal 2024. Walmart also […]
Gen Z Investing In Meme Stocks Like A Casino?

Gen Z Investing In Meme Stocks Like A Casino?

Image source: Pixabay In this episode, host James Connor and financial expert Kyla Scanlon as they dive into the future of our economy in this crucial episode of Wealthion. Discover Kyla’s insights on market volatility, the role of meme stocks like GameStop (GME), and what young investors should brace for in these turbulent times. Kyla, a […]
No New Orders And No Spending In The Empire State

No New Orders And No Spending In The Empire State

Among this morning’s data releases was another weak NY Fed manufacturing report. The Empire State Manufacturing Survey’s headline reading came in at -15.6. That compares to -14.3 for April and expectations of an improvement to -10. That miss relative to forecasts means the indicator has been weaker than expected three months in a row. The […]
US lawmaker urges SEC to repeal controversial crypto custody rule SAB 121

US lawmaker urges SEC to repeal controversial crypto custody rule SAB 121

US Representative Wiley Nickel has called on the Securities and Exchange Commission (SEC) and its Chair, Gary Gensler, to repeal the contentious Staff Accounting Bulletin 121 (SAB 121) before the upcoming Senate vote.SAB 121 mandates financial institutions custodying crypto to hold these assets on their balance sheets, a requirement that has drawn criticism from various […]
Is Starbucks A Buying Opportunity After Q1 Earnings Or A Stock In Decline

Is Starbucks A Buying Opportunity After Q1 Earnings Or A Stock In Decline

Image courtesy of 123rf.com Since the start of the year, Starbucks (Nasdaq: SBUX) has lost $23.2 billion in market value. The coffeehouse chain’s stock suffered a particularly steep drop on April 30th after the release of Q2 2024 earnings. This period contributed most to Starbucks’s value drain, accounting for a $14.3 billion reduction in market cap. With a […]
2024 Set For Large Solar Increases In U.S., China, And India

2024 Set For Large Solar Increases In U.S., China, And India

Image Source: Pixabay The Silver Institute continues to report the silver market in a significant deficit for the 5th consecutive year, with the growth in solar panels being one of the main drivers.And while there are some who have suggested we may finally begin to see solar production growth rates slow, the latest data shows the […]
Mastercard And Standard Chartered Bank Hong Kong Tests Tokenised Deposits

Mastercard And Standard Chartered Bank Hong Kong Tests Tokenised Deposits

Image Source: Pexels Mastercard (NYSE: MA) and Standard Chartered Bank Hong Kong (SCBHK) have successfully completed the first live test of tokenised deposits using blockchain technology within Hong Kong’s fintech sandbox.This initiative marks a significant step forward in exploring the potential of blockchain in revolutionising banking transactions and asset management. Tokenised deposits using Mastercard’s Multi-Token Network The successful […]
Stocks Rally On Post CPI Volatility Crush

Stocks Rally On Post CPI Volatility Crush

Image Source: Pexels The CPI had no major surprises, leading to a post-CPI volatility crush.Video Length: 00:10:01More By This Author:The Hot PPI Report Is Creates Volatility Ahead Of CPI Report The Stocks Market’s Advance Stopped Ahead Of Massive Week Of Data Expect Market Volatility To Expand Meaningfully The Week Of May 13, 2024
The Grain That Feeds The World Is At Risk Of An Upside Breakout

The Grain That Feeds The World Is At Risk Of An Upside Breakout

Image Source: Unsplash Rice is a staple food for over 3.5 billion people worldwide, especially in Asia, Latin America, and Africa. It’s grown in over 100 countries, with 90% of the world’s rice produced in Asia. We have been tracking the prices of Thai white rice, which surged to 15-year highs in 2023 and has since consolidated at […]
Not Buying In Stores, But In Markets

Not Buying In Stores, But In Markets

Image Source: Pexels When good news is good news AND bad news is good news, that’s the sign that momentum rules. This morning we got a bit of both simultaneously and markets love it.On the good news front, CPI was indeed modestly market-friendly. The headline reading on a month-over-month basis rose 0.3%, better than the 0.4% […]