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Here’s What Wall Street Is Saying About Home Depot, Lowe’s Ahead Of Earnings

Here’s What Wall Street Is Saying About Home Depot, Lowe’s Ahead Of Earnings

Image Source: Unsplash Home improvement retailers Home Depot (HD) and Lowe’s (LOW) are scheduled to report results of their first quarters before the market open on Tuesday, May 14, and Tuesday, May 21, respectively. Home Depot’s conference call is scheduled for 9:00 am EDT on Tuesday and Lowe’s will hold its quarterly call the following Tuesday at 9:00 am EDT. […]
Amid Biotech Pitfalls, ImmunityBio Has Outperformed NVDA In The Last 3 Months

Amid Biotech Pitfalls, ImmunityBio Has Outperformed NVDA In The Last 3 Months

Image courtesy of 123rf.com Biotech stocks, especially of smaller companies, are notoriously risky investment exposures. Because their bread and butter is drug development, its complexity cannot be easily accounted for. Although the Center for Drug Evaluation and Research (CDER) approved 86% of new molecular entities (NMEs) in 2022, they must pass multiple clinical phase trials. According to […]
Could Quantitative Tightening Cause Another Liquidity Crisis In Repo Markets?

Could Quantitative Tightening Cause Another Liquidity Crisis In Repo Markets?

Image Source: Pexels What is the repo market and how did it change after the Global Financial Crisis (GFC)? The U.S. repurchase agreement, or “repo” market, provides more than $3 trillion in short-term funding each day. Most repo transactions are overnight and are collateralized by Treasuries. Repos (to get cash) and reverse repos (to lend cash) are used for […]
Largest Clinical-Stage BioTech Drug Stocks Declined 3% Last Week

Largest Clinical-Stage BioTech Drug Stocks Declined 3% Last Week

Image Source: Unsplash An Introduction This article highlights the 10 largest clinical-stage AI-powered (designated with *) and psychedelic compound-based (designated with **)  small cap ($400M to $2.0B) drug discovery companies in the munKNEE Clinical-Stage BioTech Drug Stocks Portfolio, their stock performances last week, in descending order, and YTD and their areas of focus, along with their latest news, […]
Why The Big Oil And Big Tobacco Comparisons Are Ludicrous

Why The Big Oil And Big Tobacco Comparisons Are Ludicrous

Image Source: Pexels Recently the Senate Budget Committee held a hearing to discuss a recent report that accused “Big Oil” of a “decades-long deception campaign” to misinform the public about the dangers of climate change.Sharon Eubanks, a former federal litigator, proposed that the government should pursue legal action against the petroleum industry, drawing parallels to the litigation against […]
How Javier Milei’s “Shock Therapy” Is Transforming Argentina’s Economy

How Javier Milei’s “Shock Therapy” Is Transforming Argentina’s Economy

Image source: Pixabay As an advocate of sound fiscal policy and a strong believer in the power of free markets, I find Argentina’s recent economic overhaul under President Javier Milei not just refreshing but essential in today’s world of bloated government spending.Since taking office in December 2023, the libertarian leader has had to make some hard […]
Key Events This Week: All Eyes On CPI As Fed Speakers Galore

Key Events This Week: All Eyes On CPI As Fed Speakers Galore

After a very slow week, the key event for markets this week will be US inflation data with April’s PPI (Tuesday) and CPI (Wednesday) the highlights. We’ll see if the higher-than-expected US inflation seen in Q1 extends into Q2 or not. Markets will also hear from Powell (tomorrow) and Vice Chair Jefferson (today) as the highlights of […]
Swiss bank UBS holds 3,600 shares in BlackRock’s iShares Bitcoin Trust, SEC filings show

Swiss bank UBS holds 3,600 shares in BlackRock’s iShares Bitcoin Trust, SEC filings show

In a recent 13F filing with the Securities and Exchange Commission (SEC), UBS Group AG, the Switzerland-based global investment bank and financial services firm, disclosed a substantial holding in the iShares Bitcoin Trust (IBIT), an exchange-traded fund (ETF) managed by BlackRock Inc.The filing, which covers the first quarter of 2024, reveals that UBS Group AG, […]
Platinum Market Faces Decade-High Supply Shortage

Platinum Market Faces Decade-High Supply Shortage

Image Source: Pixabay I’ve written extensively about supply shortfalls in the silver market. Silver demand outstripped the supply of the metal for the third straight year in 2023.  But silver isn’t the only metal facing market deficits. Analysts expect the platinum market to chart its largest shortfall in a decade in 2024.Platinum doesn’t get the same […]
China Asks Tech Companies To Buy Less Of Nvidia Chips

China Asks Tech Companies To Buy Less Of Nvidia Chips

Image Source: Pixabay Nvidia Corp (Nasdaq: NVDA) is in focus today following a report that China has asked its tech companies to prefer local AI chips.  Why does it matter for Nvidia stock? The news is significant for the semiconductor behemoth as its H20, L20, and L2 chips are tailor-made for China. Peers that may also take a beating […]