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3 Consumer Food Stocks Receiving Strong Buy Ratings This Week

3 Consumer Food Stocks Receiving Strong Buy Ratings This Week

Image Source: PixabayGlancing at the Zacks Rank #1 (Strong Buy) list, several consumer staples stocks were added this week with them sharing the commonality of being consumer food companies.Let’s take a look at why now appears to be a good time to buy these highly-ranked consumer food stocks.Tyson Foods (TSN – Free Report)As the largest chicken producer in the […]
Nasdaq: April Rougher Than Expected, But Bullish Full Year Forecast On Track

Nasdaq: April Rougher Than Expected, But Bullish Full Year Forecast On Track

Image Source: UnsplashHistorically, election years have been bullish and that was true through Q1 but inflation remains stubbornly elevated while economic activity, measured by GDP, has slowed. This has put added pressure on the Fed and the outlook for interest rate cuts this year continues to dim. Factor in the presidential election and two ongoing wars […]
Tether refutes Deutsche Bank research revealing stablecoin solvency risks

Tether refutes Deutsche Bank research revealing stablecoin solvency risks

Deutsche Bank research analysts have released a report suggesting that most stablecoins, including Tether, are likely to fail due to a lack of transparency and vulnerability to speculative sentiment.The report, which studied 334 currency pegs since 1800, found that only 14% have survived, with a median lifespan of 8-10 years for those that failed or […]
SPDR ETF Report For Thursday, May 9

SPDR ETF Report For Thursday, May 9

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Thursday, May 9.Video Length: 00:15:14More By This Author:Financial Markets Report For Thursday, May 9Metals Report For Wednesday, May 8SPDR ETF Report For Wednesday, May 8
Elliott Wave Technical Analysis: Tron Crypto Price News

Elliott Wave Technical Analysis: Tron Crypto Price News

Image Source: PixabayElliott Wave Analysis TradingLounge Daily ChartTron/ U.S. dollar(TRXUSD)TRXUSD Elliott Wave Technical AnalysisFunction: Follow the trend    Mode: MotiveStructure: ImpulsePosition: Wave ((3))Direction Next higher Degrees: wave V of ImpulseWave Cancel invalid Level: 0.1051Details: the five-wave increase of Wave ((3))TRON/ U.S. dollar(TRXUSD)Trading Strategy: The rise of the fifth wave in the Impulse pattern is subdivided into five waves. Currently, waves […]
Elliott Wave Expects AUDUSD To Break Higher

Elliott Wave Expects AUDUSD To Break Higher

The short-term Elliott Wave in AUDUSD suggests the pullback to 0.636 ended wave (2). The pair have turned higher in wave (3) with internal subdivision in 5 waves in a lesser degree. Up from wave (2), wave (i) ended at 0.6432, and a pullback in wave (ii) ended at 0.6407. The pair then extended higher […]
Gold Price Extends The Rally Despite Hawkish Fedspeak

Gold Price Extends The Rally Despite Hawkish Fedspeak

Image Source: Pixabay Gold price edges higher for the second consecutive day on Friday.  Weak employment data bolstered the speculation that the weakening economy would force the Fed to cut rates. The hawkish Fed talks could create bearish headwinds for gold.  Gold price (XAU/USD) gains momentum on Friday despite the modest rebound in US Dollar (USD). […]
Markets In The Green: Prospects For New Highs Every Day

Markets In The Green: Prospects For New Highs Every Day

Image Source: UnsplashGreen, green, green. It’s all we’ve seen for the past month. It’s getting to the point where the prospect of yet again seeing Lifetime Highs every single trading day of the month is becoming possible. Indeed, one of the few indexes that still has ANY kind of reasonable resistance point is the Dow Industrials, […]
In Recession? Real Time Vs. Final Revised Data

In Recession? Real Time Vs. Final Revised Data

Image Source: PixabayDi Martino Booth points to the McKelvey rule, which uses a 0.3 ppt threshold instead of the Sahm 0.5 ppt threshold. This indicator does seem to signal a recession as shown in the figure below.Source: DiMartino Booth (2024).Notice there are no false negatives. However, this graph (apparently) uses revised data. In real time, one would […]
Why The U.S. Is Already In A Recession?

Why The U.S. Is Already In A Recession?

Image Source: PixabayFrom the NYSE site, Caroline Woods and Danielle DiMartino Booth discuss the Fed’s continued fight against inflation, the spending power of U.S. Consumers, and how AI could impact the labor market.Video Length: 00:27:46Video Chapter 0:00-2:00 Introduction & the Fed’s Rate Cut Timeline 2:01-3:35 Inflation Data in Review 3:36-4:15 The Fed’s Fight Against Inflation 4:16-5:15 […]