May 2024 - Page 173 of 270 -

Bitcoin Commentary- Monday, May 13

May 13, 2024 Jeremy Parkinson Finance 0

BTC Still Stuck in The MudIt’s been a frustrating couple of months for Bitcoin bulls. Following the breakout to fresh highs in early March, price has since corrected lower and settled into a congested block of consolidation broadly framed between 60695 and 74325. A failed downside break of the range at the start of the […]

Bear Of The Day: H&E Equipment Services, Inc.

May 13, 2024 Jeremy Parkinson Finance 0

H&E Equipment Services, Inc. (HEES) is one of the largest rental equipment companies in the U.S. H&E Equipment has been on an impressive run of growth, driven by surging construction across multiple segments of the U.S. economy.HEES is coming under some pressure amid a “transitioning business environment.” H&E Equipment fell short of our bottom lines estimate […]

Warner Bros. Discovery Posts $9.96 Billion In Q1 Revenues, Missing Estimates Amid Strategic Shifts

May 13, 2024 Jeremy Parkinson Finance 0

Warner Bros. Discovery (WBD) had a number of challenges in the first quarter and failed to meet its anticipated sales and earnings targets. The company announced a $0.40 per share loss on $9.96 billion in revenues, which was less than the predicted $10.231 billion, despite changing market dynamics and strategic repositioning. Deposit Photos This article’s goals are to […]

S&P 500 Rises As Expectations Firm For Rate Cuts Later In 2024

May 13, 2024 Jeremy Parkinson Finance, No picture 0

The S&P 500 (Index: SPX) rose a little over 1.8% largely as expectations the Federal Reserve will start a series of rate cuts in September 2023 firmed. The index closed out the trading week ending on Friday, 10 May 2024 at 5,222.68, just 0.6% below its 28 March 2024 record high.Those expectations firmed despite the comments of […]

Ethereum Price Climbs To EMA200 Moving Average And $3000

May 13, 2024 Jeremy Parkinson Finance 0

Ethereum chart analysisEthereum’s new two-week low price was formed this morning at the $2864 level. After forming a new low price, it manages to hold there and initiate a bullish consolidation from there. With a couple of strong, bullish impulses, we climb up to $2980 and test the resistance in the EMA200 moving average. The moving […]

Dax Forecast: Continues To Climb

May 13, 2024 Jeremy Parkinson Finance 0

The German index has been rather bullish for some time now and it took off again during the trading session on Friday. At this point, it looks like the 18,800 euro level is going on for a little bit of resistance, but this is a market that you have no business being short of. I […]

US Stock Futures Rise Ahead Of Key Inflation Data; Investors Eye Fed Policy Signals

May 13, 2024 Jeremy Parkinson Finance 0

US stock futures advanced on Monday as investors braced for crucial US inflation data expected this week, which will offer significant insights into the Federal Reserve’s monetary policy trajectory.Friday Gains: Dow Jones: +0.32%, marking its eighth consecutive session of gains and the best week of the year. S&P 500: +0.17% Nasdaq Composite: -0.03% Key Drivers: Recent remarks from […]

Brent Crude Oil Faces Downward Pressure Amid Demand Uncertainties

May 13, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The price of Brent crude oil is currently experiencing a downturn, trading around 82.55 USD per barrel this Monday. The primary concern affecting the market today is the uncertainty surrounding demand levels, exerting significant pressure on the commodity.Recent statements from representatives of the US Federal Reserve have led to expectations that interest rates […]

Bearish Candlesticks Friday Do Not Necessarily Translate Monday

May 13, 2024 Jeremy Parkinson Finance 0

We have seen this before; a rally of a few weeks tops off with a reversal candlestick, but the next day, the rally continues. Things were perhaps a little more bearish for the Russell 2000 (IWM) than the S&P and Nasdaq, but with all indices pressuring resistance of bearish flags – to the point these flags […]

Equity Bulls Probably Eyeing Wed’s CPI To Give Additional Boost To Weary Indices

May 13, 2024 Jeremy Parkinson Finance 0

If Wednesday’s CPI for April cooperates, equity bulls will try to use it to build on last three weeks’ momentum. Major US equity indices have rallied back to just under their all-time highs from March but are giving out signs of fatigue.The S&P 500 rallied 1.9 percent last week to 5223. From the low of […]