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Nike Shares Gain Amid Cost-Cutting Measures, Europe Layoffs

Nike Shares Gain Amid Cost-Cutting Measures, Europe Layoffs

Image courtesy of 123rf.com Nike Inc. (NYSE: NKE) recently implemented a significant cost-cutting measure: it laid off staff at its European headquarters in Hilversum, the Netherlands. This move is part of a larger plan to reduce costs by $2 billion and the company’s global workforce by 2%. The news of these layoffs has positively impacted the company’s stock, […]
Reasons For Summer Rally

Reasons For Summer Rally

Image Source: Pexels As the misery that was the stock market in April came to a close, investors couldn’t be blamed if they were ready to throw up their hands and embrace the old Wall Street adage, “Sell in May and go away!” (More specifically, move to cash on April 30 and return on November 1.) After […]
Invalidations In Gold

Invalidations In Gold

Image Source: Pixabay Despite yesterday’s improvement in gold, the bears attacked earlier today. What are the implications? Technical Picture of the U.S. Currency From today’s point of view, we see that although the U.S. currency moved a bit above the previously broken red horizontal line (based on the lower border of the orange consolidation about which […]
Nvidia Is Splitting Its Stock Today: Here’s What To Expect

Nvidia Is Splitting Its Stock Today: Here’s What To Expect

Image Source: Pixabay On June 7th, Magnificent 7 company Nvidia will undergo a stock split after US markets close.First announced a couple of weeks ago on May 22nd, Nvidia has said that its share price will undergo what is known as a ‘10-for-1’ forward split. But what does that mean? What is a stock split? A […]
Stocks Choppy As ‘Higher For Longer’ Fed Rhetoric Weighs

Stocks Choppy As ‘Higher For Longer’ Fed Rhetoric Weighs

Stocks are out of their morning rut, but trading is still choppy to end the week. Nonfarm payrolls pointed to a robust job market, spiking the 10-year Treasury yield to 4.4% and reinforcing the Fed’s “higher for longer” interest rate policy.The Dow Jones Industrial Average (DJI) is only cautiously higher, having pared triple-digit gains at their […]
Bitcoin Bullish Sentiment Drives Call Options To $75,000

Bitcoin Bullish Sentiment Drives Call Options To $75,000

Image Source: Unsplash In the ever-evolving world of cryptocurrency trading, Bitcoin call options with strike prices of $75,000 have garnered the most open interest, reflecting a robust bullish sentiment among investors. This level of open interest, which represents the number of outstanding contracts, is followed closely by strike prices of $100,000 and $80,000, respectively, according to data from […]
TRON DAO at Consensus 2024 with exclusive Whale Night event

TRON DAO at Consensus 2024 with exclusive Whale Night event

Geneva, Switzerland, June 7, 2024 – TRON DAO proudly marked its significant presence at Consensus 2024, held in Austin, Texas, as a 3 Block Sponsor. This premier blockchain and digital asset event brought together industry leaders, policymakers, and innovators to engage in crucial discussions shaping the future of the blockchain ecosystem.Consensus 2024: Highlighting TRON’s InnovationsConsensus […]
Ryan Cohen Goes Will Smith On The Roaring Kitty, May Jobs Report Means Higher For Longer

Ryan Cohen Goes Will Smith On The Roaring Kitty, May Jobs Report Means Higher For Longer

Gamestop (GME) is taking advantage of the surge in its share price caused by the return of The Roaring Kitty to sell up to an additional 75 million shares. To put that in context, GME currently has about 306 million shares outstanding so 75 million represents a 25% increase. At a price of $40/share, that works out […]
S&P 500 Earnings Dashboard 24Q1 – Friday, June 7

S&P 500 Earnings Dashboard 24Q1 – Friday, June 7

Image Source: Unsplash S&P 500 Aggregate Estimates and Revisions The 24Q1 Y/Y adjusted blended earnings growth estimate is 11.1%. If the energy sector is excluded, the growth rate for the index is 11.2%. Please note that the 24Q1 year-over-year growth rate for Bristol Myers Squibb reflects an approximate $12 billion one-time charge related to its acquisition of Karuna Therapeutics. […]
Another Bizarro Jobs Report – Payrolls Rise 272,000 Employment Drop 408,000

Another Bizarro Jobs Report – Payrolls Rise 272,000 Employment Drop 408,000

Nonfarm payrolls and employment levels from the BLS, chart by Mish.In reaction to the allegedly hot jobs report, bond yields are down across the board as I type.The 10-year and 5-year treasury yields are up 14 basis points as of 9:20 AM Eastern. Gold is down $49. But the stock markets are down only slightly.Jobs […]