May 2024 - Page 26 of 270 -

Cathie Wood chooses Bitcoin over Ethereum, ‘Hands Down’

May 29, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Cathie Wood, ARK Invest CEO, has expressed her strong preference for Bitcoin over Ethereum, stating that Bitcoin is “hands down” her choice for investment, said in a conference at Consensus 2024.Speaking at the event, Wood emphasized the unique qualities of Bitcoin, describing it as a “global monetary system,” a “technology,” and a “new asset class.” […]

Stocks To Watch Today: Marathon Oil, UnitedHealth, American Airlines

May 29, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels Three stocks are making significant moves today: American Airlines (Nasdaq: AAL), UnitedHealth Group Inc. (NYSE: UNH), and Marathon Oil Corporation (NYSE: MRO).These companies have experienced notable price fluctuations due to various factors, including lowered guidance, executive departures, Medicaid business concerns, legal challenges, and a major acquisition announcement. This article will delve into each company’s situation […]

Bonds Yields Jump Again Wiping Out The May Treasury Rally

May 29, 2024 Jeremy Parkinson Finance 0

It’s been a tough year for US Treasury bulls. The rally that began in late April on hopes of Fed rate cuts is mostly gone. The continued rally into May is gone.Image from Investing.Com in Day-Month-Year order. Yield on the 10-year treasury is 4.59 percent on May 29, right where it started the month. A […]

Dow Drops 342 Points Ahead Of Fed Updates

May 29, 2024 Jeremy Parkinson Finance 0

The Dow Jones Industrial Average (DJI) is down 342 points as all but five of its components move lower, including UnitedHealth (UNH), which is down a sharp 4.5% at last look. The S&P 500 Index (SPX) and Nasdaq Composite Index (IXIC) are lower as well, as the Nvidia (NVDA) rally appears to taper off. Rising […]

The Energy Report: Can’t Keep Them Down

May 29, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Despite some of the most challenging inflationary conditions in many Americans lifetime, it seems you cannot keep that American Spirit of adventure down. Oil markets are coming back from a big uptick in US consumer confidence that surged to 102% according to the Conference Board. That was accentuated by a record amount of […]

Here’s What Wall Street Experts Are Saying About Salesforce (CRM) Ahead Of Earnings

May 29, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels Salesforce is expected to report Q1 earnings per share of $2.37 on revenue of $9.15BSalesforce (CRM) is scheduled to report the results of its first fiscal quarter after the market close on Wednesday, May 29, with a conference call scheduled for 5:00 pm ET. What to watch for:GUIDANCE: Along with its fourth quarter earnings report, Salesforce […]

Unlocking ASX Trading Success: V300AEQ ETF UNITS – VAS Stock Analysis & Elliott Wave Technical Forecast

May 29, 2024 Jeremy Parkinson Finance 0

ASX: V300AEQ ETF UNITS – VAS Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with V300AEQ ETF UNITS – VAS. We confirmed that wave 2-red has ended and wave 3-red is opening to push higher. ASX: V300AEQ ETF UNITS – VAS Elliott Wave Technical Analysis ASX: V300AEQ ETF UNITS […]

FTSE Shares Continue To Slide Testing Three Week Lows

May 29, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash London stocks dipped on Wednesday as higher U.S. bond yields impacted global equities, while new U.S. data raised concerns about inflation and the timing of Federal Reserve rate cuts. The FTSE 100 fell by 0.9%, reaching a three-week low and signalling its longest losing streak since August 2023. Technicals suggest that the index […]

The Kiwi Is Finally On The Rise

May 29, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The Kiwi with ticker NZDUSD is finally on the rise after we noticed an A-B-C corrective decline in wave (2) on a daily chart. We warned about that with an article shared on April 10. NZDUSD Daily Chart From April 10As you can see today on May 29, we can see price nicely bouncing and […]

USD/JPY Analysis: Inflation Data Could Keep Uptrend Intact

May 29, 2024 Jeremy Parkinson Finance 0

In today’s trading, the value of the yen fell to more than 157 yen per dollar, reaching its lowest level in four weeks and facing pressure from strong dollar and Treasury yields. Clearly, these moves came as a lackluster US government debt auction raised concerns about demand for US Treasuries, while a Fed official added […]