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Stocks To Watch Today: Nvidia, AMD, Norwegian Cruise Line

Stocks To Watch Today: Nvidia, AMD, Norwegian Cruise Line

Image courtesy of 123rf.com Elon Musk’s AI startup, xAI, has announced plans to build the world’s most powerful supercomputer using Nvidia (Nasdaq: NVDA) chips, while AMD (Nasdaq: AMD) and Norwegian Cruise Line (NYSE: NCLH) stocks are soaring due to positive market developments. These three companies have captured the attention of investors as they make significant strides in […]
Ex-FTX exec Ryan Salame sentenced to nearly 8 years, fined $11 million

Ex-FTX exec Ryan Salame sentenced to nearly 8 years, fined $11 million

Former FTX executive Ryan Salame was sentenced to seven and a half years in prison after pleading guilty to conspiracy charges related to unlawful political contributions and operating an unlicensed money-transmitting business, as noticed by the US Attorney’s Office Southern District of New York (SDNY). Salame’s sentence also includes three years of supervised release and […]
These 5 AI Stocks Are Reaching Sell Territory; Here’s Why

These 5 AI Stocks Are Reaching Sell Territory; Here’s Why

Image Source: Unsplash You can produce consistent gains by rigorously buying and selling stocks using the relative strength index (RSI). Let me explain. What Is the Relative Strength Index? Investopedia describes the relative strength index (RSI) as a momentum indicator that measures the magnitude of recent prices changes to evaluate overbought or oversold conditions in the […]
Yields Surge After Ugly 2Y Auction As Foreign Demand Tumbles

Yields Surge After Ugly 2Y Auction As Foreign Demand Tumbles

Image Source: Unsplash Today’s first of two coupon auctions – the sale of $69 billion in 2Y paper (a 5Y auction follows at 1 pm) – priced at 11:31 am and it was ugly.Stopping at a high yield of 4.917%, today’s auction not only carried the highest yield since last October’s 5.055% but tailed the When […]
Nvidia Again Boosts Nasdaq To Record Highs

Nvidia Again Boosts Nasdaq To Record Highs

The Nasdaq Composite Index (IXIC) is extending Friday’s record highs, with help from Nvidia (NVDA), which is up 5% at last glance and marking its own all-time highs. The Dow Jones Industrial Average (DJI), on the other hand, is down triple digits midday, while the S&P 500 Index (SPX) sits flat. Meanwhile, the 10- and 30-year Treasury yields […]
Transports Lagging Badly Since 2021 – But Does It Matter?

Transports Lagging Badly Since 2021 – But Does It Matter?

Friday saw a new closing high in the Nasdaq 100 which was unaccompanied by any of the other major indices. That index is below. It really doesn’t see clear skies until it closes above last Thursday’s nasty reversal day. The S&P 500 and Russell 2000, both below, obviously look weaker, but the former can be repaired […]
Past Peak Global Income, Though Diversification Benefits Remain

Past Peak Global Income, Though Diversification Benefits Remain

Image Source: Unsplash Global Equity Income has advantages in an elevated base rate environment when compared to “conventional” global equities.This is because when base rates are higher dividend-paying stocks are thought to be more likely to outperform. The argument runs as follows: The loose monetary policy, low inflation, and low rates of the first two decades […]
Apple Stock Gains As New Data Shows IPhone Sales Up 52% Y/Y In China

Apple Stock Gains As New Data Shows IPhone Sales Up 52% Y/Y In China

Image courtesy of 123rf.com Apple Inc. (Nasdaq: AAPL) reported a significant rebound in iPhone sales in China, with shipments rising 52% in April from a year ago, reaching 3.495 million units. This surge follows a 12% increase in March, marking a notable recovery after a challenging start to the year that saw a 37% slump in the first two […]
FTSE A Soggy Start The The Holiday Shortened Week

FTSE A Soggy Start The The Holiday Shortened Week

Image Source: Pexels On Tuesday, the FTSE 100 decreased as investors anticipated additional economic data and remarks from Bank of England Governor Andrew Bailey later in the week. The main FTSE 100 index was down 1.1%, marking the fifth consecutive session of losses.The share prices of British water utilities Pennon, United Utilities, and Severn Trent have […]
Gold’s Pullback Not Necessarily End Of Bull Trend

Gold’s Pullback Not Necessarily End Of Bull Trend

Gold prices turned lower after a positive start, driven by a small uptick in the dollar after it had made a weaker start to the new week. After a very bright last few months, a bit of a pullback and side-ways action is always needed in strong uptrends. Regardless of whether we will see some […]