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TSMC Is Up 56% YTD, But The Taiwan-Based Firm Is Still Undervalued

TSMC Is Up 56% YTD, But The Taiwan-Based Firm Is Still Undervalued

Image Source: UnsplashTaiwan Semiconductor Manufacturing Company (TSM) continues to occupy a peculiar status in the investing world. On the face of it, the Taiwanese company has the most advanced chip-making foundries in the world. Its cutting-edge N3 node (3 nm) deep ultraviolet lithography (DUV) process is poised to chart new efficiency and performance standards.By 2030, TSMC’s […]
Trump advocates for US leadership in crypto industry

Trump advocates for US leadership in crypto industry

Donald Trump, the former president and presumptive Republican nominee, has publicly reinforced his support for crypto businesses in the US and the broader industry. According to him, there is no acceptable position for the nation other than being the leader in the crypto sector. “I am very positive and [open-minded] to cryptocurrency companies and all […]
Average US Vehicle Age Hits 12.6 Years As Inflation Takes Toll

Average US Vehicle Age Hits 12.6 Years As Inflation Takes Toll

Cars, trucks, and SUVs across the U.S. are getting older, with the average vehicle age now at a record 12.6 years. According to S&P Global Mobility, which monitors state vehicle registration data, high prices for new cars and massive economic pressures on buyers account for the trend, ABC News reports.Despite a small recovery in new vehicle sales and a recent […]
Slippery Breadth?

Slippery Breadth?

Image Source: PexelsIt seems that, in spite of the lifetime highs, the raw strength of the market is starting to wane, as this chart of the percentage of stocks above their 200-day moving averages illustrates.More By This Author:Unity Software’s Impeccable Head And Shoulders Pattern Signals Further Decline My Best Day Of 2024: Eight Bearish Wins And […]
Evolus: Chiseling Away At The Aesthetic Market

Evolus: Chiseling Away At The Aesthetic Market

Evolus is a facial beauty company that specializes in aesthetic neurotoxins, with its flagship product being Jeuveau. The company is expanding its product portfolio by adding dermal fillers through exclusive agreements with Evolysse and Estyme.The market opportunity for Evolus is significant, with the neurotoxin market estimated at $3.5 billion and the dermal fillers market at […]
The Short-Term Uptrend Is On The Ropes

The Short-Term Uptrend Is On The Ropes

Image source: PixabayThe short-term uptrend has continued, although it appears to be on the ropes. The PMO index ticked below the top of its range, and the momentum of the A/D line looks ready to cross under into a sell signal. Both are strong hints that momentum and breadth are near a peak.With these two critical indicators in […]
US Bitcoin spot ETFs attract $2 billion in net inflows over two weeks

US Bitcoin spot ETFs attract $2 billion in net inflows over two weeks

Investors have poured around $2 billion into US spot Bitcoin exchange-traded funds (ETFs) over the past two weeks, according to data from Farside. These funds also recorded a tenth consecutive day of net inflows.This week alone, US spot Bitcoin ETFs saw over $1 billion in inflows, with Thursday recording the largest daily inflow of around […]
Forex And Cryptocurrencies Forecast For May 27-31

Forex And Cryptocurrencies Forecast For May 27-31

Image Source: Unsplash EUR/USD: The Battle of Europe and US PMIs Overall, the past week favored the dollar, but the advantage over the European currency was minimal. If you look at where the EUR/USD pair was on May 15, it returned to this zone on May 24, regaining the losses of recent days.Recall that the report from […]
Interest Rate Hedge ETFs In Focus Post Fed Minutes

Interest Rate Hedge ETFs In Focus Post Fed Minutes

Image: BigstockInterest rate hedge ETFs are back in vogue following the Fed minutes and upbeat manufacturing data, both of which highlight concerns over stubborn inflation. This has once again pushed back the timing of rate cuts.While inflation has eased over the past year, it failed to show further progress toward the Fed’s 2% objective in […]
Week In Review: Hengrui And Degron Announce $7.2 Billion In Drug Licensings

Week In Review: Hengrui And Degron Announce $7.2 Billion In Drug Licensings

Image Source: Unsplash Deals and Financings Jiangsu Hengrui Medicine out-licensed global rights for its portfolio of three proprietary GLP-1 candidates to a US startup, Hercules, in a deal worth up to $6 billion (see story). Hengrui will receive $110 million upfront, up to $200 million in milestones, and as much as $5.725 billion in sales milestones, plus […]