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Archives by Year:
Chart Of The Day: WestRock – Paper Beats Rock?
100% technical buy signals 10 new highs and up 7.12% in the last month 87.79+ Weighted Alpha The Chart of the Day belongs to the paper products company WestRock (WRK). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having […]
Cloud Stocks: Salesforce Embeds AI All Across
Photo Credit: City of Indianapolis | Mayor’s Office /Flickr.com Last week was not a great one for Salesforce (NYSE: CRM) when it announced its first-quarter results. The disappointing performance, coupled with a rather weak outlook sent the stock falling 20% in the after-hours trading session. It was the worst day for the stock in the past 20 […]
Softs Report – Tuesday, June 4
COTTON General Comments: Cotton was lower yesterday and prices are making new lows for the move despite signs of improving demand. The weekly export sales report showed improving demand for US Cotton. USDA said that 60% of the US crop was rated good to excellent on Tuesday afternoon. The weekly export sales report showed much […]
Picking Apart The Trend To Equity U.S.
Image Source: Unsplash Although it’s been on the slide since mid-May, the US equity market has edged out global equities as the UK fund buyers’ market of choice. This has been implemented, however, in ways that run counter to prevailing trends.Equity Global sales have been trending down since their November 2022 peak of £3.21bn—only bettered by […]
Nvidia Directed To Prioritize Chip Shipments For XAI Over Tesla, Stock Slides
Image courtesy of 123rf.com In a surprising move, Elon Musk has reportedly instructed Nvidia (Nasdaq: NVDA) to prioritize the delivery of AI chips to his companies, X and xAI, at the expense of Tesla (Nasdaq: TSLA). This decision has caused significant delays in Tesla’s receipt of over $500 million of processors, pushing the car company’s timeline back by […]
Active Hurricane Season Forecasted Is Upon Us. The Corn And Ethanol Report
Photo by Jesse Gardner on Unsplash GFS proposes Tropical Activity in an 11-15 day cycle. The Central US forecast stays wet across the E Plains/W Midwest through Wednesday, with precipitation confines to S Plains/ Delta next week. Coming dryness bodes favorable for areas of !a & Upper Midwest plagued by excess water. Needed rain is offered to Kansas […]
Elliott Wave Technical Analysis: Cocoa Commodity – Tuesday, June 4
Photo by Etty Fidele on Unsplash Cocoa Elliott Wave Analysis Function – Counter-trend Mode – Corrective Structure – Not yet defined Position – Blue wave ‘b’ Direction – Blue wave ‘b’ is still in play Details – As the price reached the 30 major level. The circled wave b could have completed a double zigzag. However, price […]
Analytical Overview Of The Main Currency Pairs – Tuesday, June 4
Image Source: Pixabay The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0847 Prev Close: 1.0904 % chg. over the last day: +0.52% The euro rose to $1.09, reaching its highest level in the last 10 weeks, after an unexpected decline in the US manufacturing index, which put pressure on the dollar against other major currencies. The US […]
Polygon Labs acquires Toposware to enhance ZK capabilities
Polygon Labs today announced the acquisition of blockchain research and engineering firm Toposware. This acquisition is the third major zero-knowledge (ZK) purchase by Polygon Labs in under three years, following Hermez and Mir in 2021. “The Toposware team’s deep cryptography and zero-knowledge expertise, as well as excellent engineering skills, have made them a perfect fit […]
Services Lead Hungary’s Economic Recovery
Image Source: Pexels Hungary’s Statistical Office confirmed the quarterly GDP growth in the first quarter of the year, with growth driven by services-related consumption. We believe the economy is back on a sustainable recovery path after several quarters of zigzagging. Growth structure points to a more sustainable recoveryThe Hungarian Central Statistical Office (HCSO) didn’t make any revisions […]
