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Russell 2000 Earnings Dashboard 24Q1 – Thursday, June 20

Russell 2000 Earnings Dashboard 24Q1 – Thursday, June 20

Image Source: Unsplash Russell 2000 Aggregate Estimates and Revisions The 24Q1 Y/Y blended earnings growth estimate is –0.7%. If the energy sector is excluded, the growth rate for the index is 12.6%. Of the 1,765 companies in the Russell 2000 that have reported earnings to date for 24Q1, 59.6% reported above analyst expectations. The 24Q1 Y/Y blended revenue growth estimate is -0.3%. If the energy sector is excluded, the growth rate […]
AbbVie Stock Price Forecast: $200 On The Cards?

AbbVie Stock Price Forecast: $200 On The Cards?

Image Source: Pixabay On June 20, 2024, AbbVie Inc. (NYSE: ABBV) announced that it has received FDA approval for expanding the use of its interleukin-23 (IL-23) inhibitor, Skyrizi, to treat adults with moderate to severe ulcerative colitis.This approval is a significant milestone, making Skyrizi now available for four different conditions in the U.S., including psoriatic arthritis, […]
Tokenized US Treasuries holders surge to an all-time high

Tokenized US Treasuries holders surge to an all-time high

The tokenized US Treasuries market reached an all-time high of 2,143 holders on June 18th, with a 250% year-to-date growth, according to data aggregator RWA.xyz. The Ondo Short-Term US Government Bond Fund (USDY) leads with 1,054 holders and over $218 million in tokenized bonds.The BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which leads the market […]
Unavoidable Crisis Ahead: We Have Too Much Debt That We Can’t Afford

Unavoidable Crisis Ahead: We Have Too Much Debt That We Can’t Afford

  ↵Image Source: Unsplash When asked last month if the US economy was heading into stagflation, Fed Chair Jerome Powell said he didn’t see the “stag” nor the “flation” in the data he looks at.Well, US Q2 GDP growth estimates as forecasted by the Atlanta Fed’s GDP Now service are plunging.And Q1’s weak reported GDP growth rate […]
Is S&P 500 Equal Weight Index About To Topple Market?

Is S&P 500 Equal Weight Index About To Topple Market?

Image Source: Pexels Whether the stock market is trending higher or lower, or even trading sideways, I’ve always found it helpful to watch the equal weight indices for insights about market breadth and market health.So today, with the S&P 500 Index trading near highs, I think it’s a good idea to check in on the S&P […]
What Are Falling Bond Yields Telling Us?

What Are Falling Bond Yields Telling Us?

Image Source: Unsplash In this short clip from Macro EDGE Roundup, Samantha LaDuc, and Craig Shapiro discuss the potential causes and implications of a yield on the 10-year treasury bond falling and remaining below 4.2%. They explore various economic indicators and scenarios that might influence bond prices, including a potential economic slowdown, inflation rates, and Federal […]
High Dividend 50: First Of Long Island Corporation

High Dividend 50: First Of Long Island Corporation

High-yield stocks pay out dividends that are significantly higher than the market average. For example, the S&P 500’s current yield is only ~1.3%, which is quite low on an absolute basis, but also on a historical basis.High-yield stocks can be very helpful to shore up income after retirement. A $120,000 investment in stocks with an […]
ETFs To Tap As Nvidia Becomes The Most Valuable Company

ETFs To Tap As Nvidia Becomes The Most Valuable Company

Image Source: Pixabay In a historic milestone, NVIDIA (NVDA – Free Report) rallied further to become the world’s most valuable company, surpassing Microsoft (MSFT). The artificial intelligence (AI) chipmaker topped $3.33 trillion in market value on Jun 18 compared with the software giant’s $3.31 trillion market cap. NVIDIA has enjoyed a monumental ascent over the last 18 months. […]
Pure-Play Cybersecurity Software Stocks Portfolio Up 5% W/e June 14th

Pure-Play Cybersecurity Software Stocks Portfolio Up 5% W/e June 14th

Image Source: Pixabay An Introduction The damage inflicted by cybercrime resulted in $8.15 trillion in global costs in 2023 and could reach as high as $10.29 trillion by 2025 (see report here) and, as such, it goes without saying that sophisticated cybersecurity to protect networks, systems and other digital infrastructure from malicious attacks is more crucial than […]
Housing Starts And Permits Drop To The Lowest Level In Four Years

Housing Starts And Permits Drop To The Lowest Level In Four Years

Housing Starts, Permits, and Completions data from the Commerce Department, chart by MishUnexpected DisasterThe Commerce Department New Residential Construction report for May 2024 was an unexpected disaster.The Bloomberg Econoday consensus was for a 1 percent rise in starts and a 0.7 percent rise in permits. Instead, starts fell 5.5 percent on top of negative revisions. Excluding revisions, […]