June 2024 - Page 186 of 240 -

Nonfarm Payrolls Today: US Employment Up By Over 270,000, But Labor Costs Rise

Jun 07, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay Today, the United States Bureau of Labor Statistics revealed good news for the US economy. In May, Total nonfarm payroll employment increased by 272,000. However, labor has also become significantly more expensive for the country. Today, the United States’ Bureau of Labor Statistics (BLS) announced the nation’s Nonfarm Payroll figures for May […]

Bull Of The Day – Abercrombie & Fitch

Jun 07, 2024 Jeremy Parkinson Finance 0

Abercrombie & Fitch Co. (ANF) just posted a record first quarter as it remains one of the hottest retailers. This Zacks Rank #1 (Strong Buy) recently raised full year sales guidance.Abercrombie & Fitch is a specialty retailer of apparel and accessories for men, women and kids. Founded in 1892, Abercrombie & Fitch consists of 5 global brands […]

DeFi loans surge to record highs amid yield chase

Jun 07, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

The search for innovative yield strategies in the decentralized finance (DeFi) ecosystem sent the on-chain borrow excess to $11 billion, according to IntoTheBlock’s “On-chain Insights” newsletter. This represents a two-year peak, which was propelled by Ether.fi and Ethena. Ether.fi’s eETH and Ethena’s USDe have soared to $6.4 billion and $3.2 billion in supply, respectively. Ether.fi’s […]

May Payrolls Soar 272K, Above Highest Estimate, As Wages Come In Red Hot

Jun 07, 2024 Jeremy Parkinson Finance 0

Ahead of the payrolls report, we commented that with both of the two largest banks – Goldman and JPMorgan – expecting a miss, it was only logical to expect a big beat… Goldman (165K) and JPM (150k) are below the median NPF estimate of 180k. It will beat. pic.twitter.com/v2UxP2TBky — zerohedge (@zerohedge) June 7, 2024 […]

Elliott Wave Technical Analysis: JPMorgan Chase & Company

Jun 07, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay JPM Elliott Wave Analysis Trading Lounge Daily Chart,JP Morgan & Chase Co., (JPM) Daily ChartJPM Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor wave 5DIRECTION: Top in wave 5.DETAILS: Looking for upside into wave 5 to complete a large uptrend. If not we could start to fall back down to complete a flat wave 4. JPM […]

Nvidia Stock Could Rise 24% With $1,500 Target

Jun 07, 2024 Jeremy Parkinson Finance, No picture 0

Nvidia, a leading player in the semiconductor industry, has seen its shares soar to record highs recently. However, financial analysts and market strategists suggest that the company’s stock has more room to climb. BofA recently reiterated its “buy” rating on Nvidia, emphasising that the firm, under the leadership of CEO Jensen Huang, remains a top […]

Microsoft Corp DCF Valuation: Is The Stock Undervalued?

Jun 07, 2024 Jeremy Parkinson Finance 0

Image Source: Unsplash As part of a new series, each week we typically conduct a DCF on one of the companies in our screens. This week we thought we’d take a look at one of the stocks that is not currently in our screens, Microsoft Corp (MSFT). ProfileMicrosoft develops and licenses consumer and enterprise software. It […]

Why Yields Can’t Rise

Jun 07, 2024 Jeremy Parkinson Finance 0

S&P 500 consolidated on yet another day of slowly rising rate cut odds, and the buying interest in all things bonds is still there, with ECB rate cutting excuse now. After SNB and Riksbank, the pressure is on BoE and ultimately the Fed, with today‘s non-farm payrolls likely to come on the weak side (that […]

Alphabet: Google Stock Price And Company Overview

Jun 07, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay This article is for anyone interested in learning more about Alphabet, the parent company of Google. Whether you’re curious about the company itself or considering trading Alphabet stock, this article will give you a detailed overview.You will learn about Alphabet’s core businesses and ventures, including Google Search, YouTube, and its forays into AI […]

Crude Oil Commentary – Friday, June 7

Jun 07, 2024 Jeremy Parkinson Finance 0

Crude ReboundingCrude prices are trading up off the weekly lows ahead of the all-important NFP release later today. Crude futures have recovered more than 4% following heavy selling at the start of the week. Weaker US data throughout the week has seen traders rebuilding their near-term fed rate-cut expectations, weighing on USD and allowing crude […]