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Apple To Report Earnings After Market Close, What To Expect

Apple To Report Earnings After Market Close, What To Expect

Image courtesy of 123rf.com Apple Inc. (Nasdaq: AAPL) will report its fiscal second-quarter earnings on May 2, 2024, after the market closes. Analysts expect the tech giant to post earnings per share (EPS) of $1.50, slightly lower than the $1.52 reported in the same quarter a year ago. The company is projected to generate revenues of $90.36 billion, […]
S&P 500 Earnings Dashboard 24Q1 – Thursday, May 2

S&P 500 Earnings Dashboard 24Q1 – Thursday, May 2

Image Source: Pexels S&P 500 Aggregate Estimates and Revisions The 24Q1 Y/Y adjusted blended earnings growth estimate is 10.0%. If the energy sector is excluded, the growth rate for the index is 10.0%. Please note that the 24Q1 year-over-year growth rate for Bristol Myers Squibb reflects an approximate $12 billion one-time charge related to its acquisition of Karuna Therapeutics. […]
The Most Important Gold Chart In 2024

The Most Important Gold Chart In 2024

Image Source: Pixabay Gold against the 60/40 portfolio is the most important Gold chart for 2024. I expect this chart to give a secular bull confirmation signal over the coming months. It’s end of April reversal prevented the signal at the close of the month.Video Length: 00:06:13More By This Author:Debt Monetization & Recession is Perfect Scenario […]
It Wasn’t The Fed That Sent The Stock Market On A Wild Ride

It Wasn’t The Fed That Sent The Stock Market On A Wild Ride

Image Source: Pixabay Copper has been a really good predictor of where the ISM Manufacturing report is going to go.Video Length: 00:19:43More By This Author:Implied Volatility Crush Sends Stocks Higher As Usual During The Fed Announcement The Bears Can Feel It In The Air Rate Cuts Odd For 2024 Are Melting Away
Chart Of The Week: The Softening Labor Market

Chart Of The Week: The Softening Labor Market

Wednesday’s Fed decision was largely unsurprising. But the most important data point of the day came long before the Fed decision. The latest JOLTS report showed the lowest levels of quits since early 2018 when Core PCE inflation was around 2%. This is an interesting data point because the quit rate has tended to be […]
Softs Report – Thursday, May 2

Softs Report – Thursday, May 2

COTTON General Comments: Cotton was lower again yesterday and trends remain down in the market. Demand remains a problem. The export sales report showed poor sales once again and demand is not likely to improve with the Dollar stronger. USDA made no changes to the domestic supply or demand sides of the balance sheets, but […]
Dow, Nasdaq Up Triple Digits As Fed Fatigue Eases

Dow, Nasdaq Up Triple Digits As Fed Fatigue Eases

The Dow Jones Industrial Average (DJI) and Nasdaq Composite (IXIC) boast triple-digit midday leads, as investor panic over interest rates cools off after yesterday’s Federal Reserve meeting. The S&P 500 Index (SPX) is higher as well, with traders at ease after Fed Chair Jerome Powell noted interest rate hikes are unlikely. Higher-than-expected labor costs for the first […]
Asia Week Ahead: China’s Trade Data And An Upcoming RBA Decision Take The Spotlight

Asia Week Ahead: China’s Trade Data And An Upcoming RBA Decision Take The Spotlight

Image Source: Unsplash RBA meeting to be closely watched The 7 May Reserve Bank of Australia (RBA) meeting is worth watching closely. Recent inflation data in Australia looks to have stalled on a monthly basis and has even started to nose higher. That said, Australian inflation has actually performed better than we had been expecting. We […]
The Federal Reserve Is Fighting Inflation Blindfolded 
                    
Interest Rates Will Stay Put
Balance Sheet Reduction to Slow

The Federal Reserve Is Fighting Inflation Blindfolded Interest Rates Will Stay Put Balance Sheet Reduction to Slow

By Mike Maharrey, Money Metals ExchangeFederal Reserve Chairman Jerome Powell and his fellow central bankers are swinging at inflation like a blindfolded kid trying to break a piñata.Do you remember the March FOMC meeting? The Fed released its projections for rate cuts in the coming months. The consensus was for three cuts this year.Fast forward […]
Bitcoin mining firm Stronghold considers potential sale

Bitcoin mining firm Stronghold considers potential sale

Stronghold Digital Mining, Inc. (NASDAQ: SDIG), a vertically integrated Bitcoin mining firm, has announced the initiation of a formal strategic review process to explore alternatives for “maximizing shareholder value,” including the potential sale of all or part of the company.In its first-quarter 2024 earnings release, Stronghold reported revenues of $27.5 million, a 27% increase sequentially […]