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Archives by Year:
Bear Of The Day: CVS Health Poor Medicare Advantage Rating Squeezes CVS Profits Bottom Line
Zacks Rank #5 (Strong Sell) stock CVS Health (CVS) is the largest retail pharmacy chain in the United States. The company operates in four main segments: health care benefits, health services, pharmacy and consumer wellness, and corporate/other. Though CVS is a household name, has been in business for more than 60 years, and is highly profitable, the […]
Tether introduces its new gold-backed digital asset called Alloy
Tether announced today its new digital asset backed by Tether Gold called “Alloy.” The product was created by Moon Gold NA and Moon Gold El Salvador, both part of the Tether Group, and it merges the stability of gold with the benefits of a digital currency.The first token, aUSD₮, is pegged to the US dollar […]
The New Zealand Dollar Is Falling
Image Source: Unsplash Like other major currencies, the New Zealand dollar is under pressure from the strong US dollar. This development comes after the Federal Reserve’s updated forecasts last week. Stock market expectations point to only one interest rate cut this year, most likely in December.Earlier, some American monetary policymakers confirmed these expectations, calling them reasonable.The […]
Elliott Wave Technical Analysis: Ethereum Crypto Price News Today
Image Source: Pixabay Elliott Wave Analysis TradingLounge Daily Chart,Ethereum/ U.S. dollar(ETHUSD)ETHUSD Elliott Wave Technical Analysis Function: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave 5Direction Next higher Degrees: wave 5 of Wave (3)Wave Cancel invalid level: Details: Wave (5) trend move to Test 4692.28Ethereum/ U.S. dollar(ETHUSD)Trading Strategy:A five-wave increase in the Impulse pattern, with the fourth wave appearing to be complete. And the […]
FTSE 100 Commentary – Monday, June 17
BOE on ThursdayThe FTSE is seeing some light selling through early European trading on Monday. The main focus this week will of course be the Bank of England rates meeting on Thursday. While the BOE is not expected to cut rates at this juncture, traders will be looking for a clear signal that easing is […]
FDIC: Number Of Problem Banks Increased In Q1 2024
by Bill McBrideCalculated Risk, May 29, 2024The FDIC released the Quarterly Banking Profile for Q1 2024: Reports from 4,568 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) report aggregate net income of $64.2 billion in first quarter 2024, an increase of $28.4 billion (79.5 percent) from the prior quarter. A large decline […]
Oil Prices Continue To Be Supported By Voluntary Cuts By OPEC Countries
Image Source: Unsplash At Friday’s close, the Dow Jones (US30) Index was down 0.15% (for the week -0.50%), while the S&P 500 (US500) Index decreased by 0.04% (for the week +1.69%). The Nasdaq Technology Index (US100) closed positive 0.12% (for the week +3.54%). Hawkish comments from Fed Chair Cleveland Mester bolstered the US dollar and pressured stocks when she said she wanted to see a few […]
The Stock Market Is In A Massive Bubble – And It’s Close To Popping
Barron’s ran an important article this weekend titled “There is no Magnficent 7. There’s Simply The Magnificent One” [SUBSCRIPTION REQUIRED]. That Magnificent One – obviously – is Nvidia (NVDA) which is responsible for 1/3 of the S&P’s YTD gain through May.But NVDA’s rise has become out of all proportion to its fundamentals and the stock will deflate […]
Asian Stock: COFCO Sugar Holding
Company: COFCO Sugar Holding Company LimitedBloomberg ticker: 600737 SHMarket cap: US$3,031mBackground: COFCO Sugar Holding Company Limited processes and sells sugar products. The Company produces white sugars, molasses, and other sugar products. Cofco Sugar Holding also offers tomato products, fruits, vegetables, and other products. World Class Benchmarking of COFCO Sugar Holding Profitable Growth rank of 3 was up compared to the […]
EU Approves Nature Restoration Law In Dramatic Last-Minute Vote Swing By Austria
Member states in the European Council voted today to approve the long-contested Nature Restoration Law, a key piece of legislation aimed at protecting and restoring natural ecosystems, and creating a mandated target for EU countries implement measures to restore at least 20% of the EU’s land and sea areas by 2030, after a last-minute decision […]
