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Cloud Stocks: Google Looking To Monetize GenAI

Cloud Stocks: Google Looking To Monetize GenAI

Photo Credit: Photo Mix from PixabayAlphabet aka Google (Nasdaq: GOOG) recently reported a strong first quarter that beat analyst estimates driven by strong and profitable growth in Google Cloud.  Google’s FinancialsAlphabet’s first quarter revenue grew 15% to $80.54 billion, beating analyst estimates of $78.59 billion. Net income jumped 57% to $23.66 billion or $1.89 per share, beating analyst […]
The Household Survey Isn’t The Only Data Series Sending Up Caution Flares

The Household Survey Isn’t The Only Data Series Sending Up Caution Flares

I wrote two posts earlier this week delving into the big divergence between the Establishment Survey portion of the Employment Report, which shows moderate growth, and the Household Survey, which is most consistent with a recession already having started.At any given time, some data will be positive and some will be negative. That’s why I […]
DAX Forecast: Powers Higher To Reach New Highs

DAX Forecast: Powers Higher To Reach New Highs

The DAX in Germany took off to the upside during the trading session on Thursday as we have now broken above the crucial €18,500 level. By doing so, we have made a fresh, all-time high in this market, which makes quite a bit of sense as people expect the European Central Bank to start cutting […]
Stock Buybacks Are Growing Again

Stock Buybacks Are Growing Again

Apple’s stock surged 7% after reporting flat earnings and revenue growth. Investors didn’t seem to mind that Apple is struggling to generate growth. What mattered more to Apple investors was their pledge to buyback $110 billion of stock. According to Buybacks are Back by the Wall Street Journal, S&P 500 companies completed $181bn of buybacks in the […]
Jack Dorsey criticizes Bluesky for straying from decentralized ethos

Jack Dorsey criticizes Bluesky for straying from decentralized ethos

There’s always one or more reasons behind a company board member’s departure. With Jack Dorsey and Bluesky, it’s all about direction. Speaking with Pirates Wires this week, Bluesky’s inventor said the company is straying from its original decentralized ethos and resembling a conventional social media app, the type of app he intended to avoid at […]
The Year Of The Utes?

The Year Of The Utes?

The Utilities sector has been the second best of the eleven S&P 500 sectors so far in 2024, and it’s the best performing sector so far in May.The sector has been on fire.Below is a look at eight charts from our daily Sector Snapshot.Pretty much all readings are now very extended to the upside, including P/E […]
Minutes Of ECB’s April Meeting Confirm Rate Cut Intentions For June

Minutes Of ECB’s April Meeting Confirm Rate Cut Intentions For June

Image Source: Depositphotos  The just-released minutes of the European Central Bank’s April meeting confirm that the Bank will start cutting rates at the June meeting, barring any major surprises over the next four weeks.ECB President Christine Lagarde had been somewhat more cautious in her communication at the April meeting but today’s minutes are very clear: the Bank intends to cut […]
Emerging Markets Corporates Are Upside Outlier For Global Bonds

Emerging Markets Corporates Are Upside Outlier For Global Bonds

Foreign fixed-income markets from a US investor perspective have been an unappealing asset class lately – with a glaring exception: corporate bonds in emerging markets. Year to date, this slice of global fixed-income securities is hot, based on a set of ETFs through Thursday’s close (May 9). The rest of the field is struggling.High-yield bonds […]
Union Pacific – Margins Improved Despite Sluggish Volumes

Union Pacific – Margins Improved Despite Sluggish Volumes

Image Source: Unsplash  Railroad classes (Class I, II or III) are the system by which freight railroads are designated in North America. The Surface Transportation Board in the US assigned classes according to annual revenue criteria originally set in 1992. With annual adjustments for inflation, the 2019 thresholds were ~$0.505B for Class I carriers and ~$40.4 million for Class […]
Elliott Wave Technical Forecast: Unlocking ASX Trading Success: Fortescue Ltd

Elliott Wave Technical Forecast: Unlocking ASX Trading Success: Fortescue Ltd

Image Source: Unsplash  ASX: Fortescue Ltd – FMG Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with Fortescue Ltd – FMG. We’ve identified that wave ((ii)) in green has recently bottomed out, and wave ((iii)) in green is now unfolding to push significantly higher.ASX: Fortescue Ltd […]