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E-Bike Seller Fly-E Group Debuts On The Nasdaq With $9 Million IPO

E-Bike Seller Fly-E Group Debuts On The Nasdaq With $9 Million IPO

Image Source: www.gotcredit.com via FlickrNew York-based e-bike seller, Fly-E Group, Inc., made its debut on the Nasdaq under the ticker symbol “FLYE” on Thursday, June 6, 2024. The company expects to raise $9 million by offering 2,250,000 shares of its common stock at an initial public offering price of $4.00 per share.Fly-E Group designs, installs, and sells smart […]
Gold: Holding Out For 2100

Gold: Holding Out For 2100

Image Source: UnsplashIf gold can get beaten back down to the $2,100 level at any point this year, then I would be a size buyer. I think that would be a terrific price for a long-term hold of physical gold.Here’s a look at the same market, by way of the GLD ETF:More By This Author:Is That A […]
Sector ETFs To Profit As Rate Cut Bets Rise

Sector ETFs To Profit As Rate Cut Bets Rise

Image: BigstockRate cut bets ramped up again following the latest bouts of data, which signaled a slowdown in the world’s largest economy. Traders see a nearly 69% chance of a September rate reduction, according to the CME’s FedWatch tool, compared with around 50% last week.U.S. manufacturing activity slowed for the second straight month in May, and […]
Nvidia’s Stock Split On Friday, Shares To Begin Trading On Split-Adjusted Basis On Monday

Nvidia’s Stock Split On Friday, Shares To Begin Trading On Split-Adjusted Basis On Monday

Image Source: PixabayNvidia’s (NVDA) long-awaited 10-for-1 stock split became official on Friday, June 7, 2024, after the market close. The tech giant had announced the stock split last month, following the release of its fiscal first-quarter results.For each share of Nvidia stock that investors held before the split, they will now receive nine additional shares. The […]
Corn Futures Surge Higher Following Better Than Expected Weekly Export Sales. More Room To Run?

Corn Futures Surge Higher Following Better Than Expected Weekly Export Sales. More Room To Run?

Image Source: UnsplashCorn and soybean futures were able to see nice gains during Thursday’s trade. Short covering following strong export data may have been one catalyst. Could that continue into next week’s USDA report?00:03:34More By This Author:Grain Markets Continue To Retreat As We Approach The Last Trading Day Of The Month Gold/Silver: Was That The Bottom? (Levels […]
Telephone And Data Systems Dividend Cut: Lost Its Dividend King Status

Telephone And Data Systems Dividend Cut: Lost Its Dividend King Status

Image Source: UnsplashTelephone and Data Systems (TDS) cut its dividend because of a need to grow its fiber business, too much leverage, and changing strategic priorities. It is one of three Dividend Kings to do so thus far in 2024.The company’s challenges and lack of growth caused the share price to fall until recently. Moreover, the dividend yield […]
Gold And Silver: Updated Targets And Forecasts For The Next Phase Of The Rally

Gold And Silver: Updated Targets And Forecasts For The Next Phase Of The Rally

Image Source: UnsplashI have been publicly providing market analysis for the last 13 years – and one of my first market prognostications was presented in the metals market. Now, I want to share my updated projections for gold and silver, notes Avi Gilburt, founder of ElliottWaveTrader.net.In late 2015, I was seeing signs that gold was bottoming, and outlined to […]
Trade Buffett (Again) And The Week Ahead

Trade Buffett (Again) And The Week Ahead

We must prepare ourselves for a stronger U.S. dollar, higher for longer rates, and increased worry about wage growth and services inflation. Plus, there’s a major warning sign with Nvidia right now.Image Source: PexelsAway we go again. Another Federal Reserve meeting, another massive short position from hedge funds, and never-ending questions about the reliability of government data.We […]
Standing No Chance

Standing No Chance

S&P 500 bucked strong headline NFPs – the dip was bought at my preannounced 5,335 level, allowing fine intraday gains captures. Sectoral rotation view was, though, much less clear – tech, financials up while utilities, communications and discretionaries down. Weak and risk-off day in equities, with Russell 2000 standing no chance.Little wonder with rate cut odds […]
If AI Is So Great, Prove It: Eliminate Spam And Robocalling

If AI Is So Great, Prove It: Eliminate Spam And Robocalling

depositphotos Judging by the near-infinite hype spewed about AI, its power is practically limitless: it’s going to do all our work better and cheaper than we can do, replacing us at work, to name one example making the rounds. It’s going to revolutionize everything from science to marketing, all the while reaping trillions of dollars in […]