May 2024 - Page 264 of 270 -

Chip Stocks Plunge After AMD’s 2024 Guidance Falls Short Of Expectations

May 01, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashAdvanced Micro Devices (AMD) recently reported its projection for AI chip sales in 2024, estimating a revenue of $4 billion. While the figure fell short of Wall Street’s expectations, it’s important to note the significant potential of AMD’s AI chip sales, especially when compared to the higher forecasts provided by competitor Nvidia (NVDA).Consequently, AMD’s shares experienced […]

Softer US Activity Numbers Will Do Little To Temper The Fed’s Hawkishness

May 01, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayThere are a few more tentative signs of economic softness coming through in the US data, but inflation continues to run far too hot for comfort. Today’s Federal Reserve FOMC meeting is likely to see the Fed adopt more hawkish language than at the March FOMC meeting, but they certainly won’t close the door to […]

GBP/USD Price Analysis: Wavers Below 1.2500 As Bearish Harami Looms

May 01, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash GBP/USD remains steady, slightly down by 0.05% following mixed US PMI data from S&P Global and ISM. The two-candle chart pattern, the bearish harami suggests further downside is seen. Key support levels lie at the April 29 low of 1.2474 could lead to retesting the yearly low at 1.2299. The Pound Sterling is virtually unchanged […]

Elliptic’s AI-driven research helps fight Bitcoin money laundering

May 01, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Blockchain analytics firm Elliptic has made significant progress in using artificial intelligence (AI) to identify potential money laundering patterns on the Bitcoin blockchain.In a research paper co-authored with the MIT-IBM Watson AI Lab, Elliptic described its use of a deep learning model trained on a dataset of nearly 200 million transactions to detect illicit activity […]

Silver Price Forecast: XAG/USD Bounces Back To $26.60 After Weak US Manufacturing PMI Report

May 01, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Silver price rebounds sharply from $26.30 as US Manufacturing PMI contracted in April. The speculation for Fed’s hawkish interest rate outlook remains firm as Manufacturing Price Paid rise above 60.0. Investors await the Fed’s policy decision for meaningful guidance. Silver price (XAG/USD) recovers strongly from a four-month low of $26.30 as the United States […]

Stifel Financial Corp: Chart Analysis

May 01, 2024 Jeremy Parkinson Finance 0

Chart of the Week: Stifel Financial (SF) We’re gonna be focusing on a financial name today – Stifel Financial; SF (Sam Frank) is the symbol on this name. Let’s take a look at the chart and see why I like this one so much. Video Length: 00:02:12 As you can see here more recently, the stock […]

Moody’s, Booking, DraftKings, Amgen Stocks In Focus Ahead Of Earnings

May 01, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The earnings season is set to get into high gear this week. Companies like Apple, Booking, Moody’s, and DraftKings will publish their earnings. The other companies to watch are Novo Nordisk, Amgen, and Live Nation. American stocks were mixed on Wednesday as the earnings season continued and as investors waited for the latest […]

What “Sell In May”? 5 ETFs That Could Defy The Adage

May 01, 2024 Jeremy Parkinson Finance 0

Image: BigstockWall Street has just seen the worst month of 2024. All three key U.S. equity gauges fell at least 3% last month. After a brutal April, Wall Street has stepped in the defamed May. Defamed because there is an old adage, “sell in May and go away.” Now with April turning out downbeat, Wall […]

CVS Shares Dump On Earnings Miss, Outlook Slashed On Rising Medical Costs

May 01, 2024 Jeremy Parkinson Finance 0

DepositPhotos CVS Health (CVS) shares plunged in the premarket trading session in New York after first-quarter revenue and adjusted earnings missed Wall Street’s average expectations. The drugstore chain also slashed its full-year profit outlook, citing rising medical costs in its Medicare insurance unit. Here’s what CVS reported for the first quarter compared with average Wall Street analysts’ expectations tracked by Bloomberg: […]

SMCI: Gap-Closing Short With Significant Downside Potential

May 01, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashSMCI with one of the great gap-closing shorts in human history. LOTS more downsides from here. Double digits are possible by 2026.More By This Author:Time To Move OnMarket Weakness: A Bear’s DelightFrom Buzz To Bust: Cocoa’s Rollercoaster Ride