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Airlines Stocks Dip As IT Outage Leads To Cancelled Flights

Airlines Stocks Dip As IT Outage Leads To Cancelled Flights

Image Source: Unsplash  A major software glitch at cybersecurity firm CrowdStrike (Nasdaq: CRWD) has triggered widespread IT outages across multiple industries, causing significant disruptions and financial repercussions.The incident, which occurred on Friday, July 19, 2024, has affected various sectors, including banking, healthcare, broadcasting, and airlines. As a result, airline stocks have taken a substantial hit, with some carriers […]
Is Tesla A Buy Heading Into Its Q2 Earnings Release?

Is Tesla A Buy Heading Into Its Q2 Earnings Release?

Tesla (TSLA – Free Report) is slated to release second-quarter 2024 results on Jul 23, after market close. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings and revenues is pegged at 62 cents per share and $25.1 billion, respectively.The earnings estimate for the to-be-reported quarter has been revised upward by 2 cents over the past 30 days. The bottom-line […]
Analytical Overview Of The Main Currency Pairs – Friday, July 19

Analytical Overview Of The Main Currency Pairs – Friday, July 19

Image Source: Pexels  The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0938 Prev Close: 1.0896 % chg. over the last day: -0.38 % As expected, the ECB left the key interest rate unchanged at its July meeting, which contrasts with the significant rate cut last month and reflects the ECB policymakers’ uncertainty that Eurozone inflation is […]
Is Airbus Ready For Take Off?

Is Airbus Ready For Take Off?

Image Source: UnsplashThis week Airbus has upgraded its 20 year demand forecast which is led by wide body craft. They see the following: 33.51K single-aisle craft, +3% from the previous forecast 42.43K aircraft – +4% from the previous forecast 8920K wide-bodied craft, +9% from the previous forecast 42.23K passenger and freighter craft on 2043 vs 24.26K […]
Has The Neutral Rate Of Interest Increased?

Has The Neutral Rate Of Interest Increased?

The Federal Reserve is widely expected to start cutting interest rates at the Sep. 18 FOMC meeting, but the debate is turning to how far the central bank will trim its policy rate once the easing begins. A key part of the answer will be determined by how much the neutral rate has increased, if […]
USD/CAD Jumps To Near 1.3750 As Canadian Retail Sales Contracts Sharply

USD/CAD Jumps To Near 1.3750 As Canadian Retail Sales Contracts Sharply

 Photo by Michelle Spollen on Unsplash   USD/CAD gains further to near 1.3750 after downbeat Canadian Retail Sales data for May. Canadian Retail Sales contracted at a faster-than-expected pace, boosting BoC’s subsequent rate-cut prospects. The US Dollar rises as prospects of Trump’s victory in the US presidential elections improve. The USD/CAD pair climbs to near 1.3750 in Friday’s American […]
Elliott Wave Technical Analysis: Visa Inc. – Friday, July 19

Elliott Wave Technical Analysis: Visa Inc. – Friday, July 19

Image Source: Unsplash  V Elliott Wave Analysis Trading Lounge Daily Chart,Visa Inc., (V) Daily ChartV Elliott Wave Technical AnalysisFUNCTION: TrendMODE: Impulsive  STRUCTURE: MotivePOSITION: Wave 1DIRECTION: Upside in wave 1.  DETAILS: Looking for a bottom in wave (4) in place, after what seems to have been a clear three wave move that reached equality of C vs. A, very common […]
Sensex Today Tanks 739 Points; Nifty Ends Below 24,550

Sensex Today Tanks 739 Points; Nifty Ends Below 24,550

After opening on a negative note, Indian share markets Slipped further as the session progressed and ended the day weak.The benchmark Sensex dropped as much as 5,661 points, or 7.4% to hit an intraday low of 70,785.12 levels, on Tuesday, 4 June.The sharp drop was primarily driven by uncertainty surrounding the outcome of the Lok […]
Stock Rotations On Steroids

Stock Rotations On Steroids

On Wednesday, the Nasdaq fell by nearly 3%, the most significant decline in over two years. However, the Dow, representing more value stocks, was up over half a percent and set a record high. If the recent rotations out of technology, communications, and the largest market-cap stocks continue, the broad S&P 500 and the Nasdaq […]
“Critical Error”

“Critical Error”

f you’re reading this, you are one of the lucky ones as computer systems around the world have been crippled. The culprit is a botched security update issued by CrowdStrike (CRWD) through Microsoft (MSFT) systems which has caused thousands (or even millions) of people to be greeted by the dreaded ‘blue screen of death’. Flights […]