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Dollar Consolidation Is Morphing Into Correction

Dollar Consolidation Is Morphing Into Correction

Image Source: Unsplash  Overview: The failure of computer systems has disrupted airlines, banks, media companies, and the London Stock Exchange, ostensibly stemming from an update from a third-party software update, according to Microsoft. The dollar is trading with a firmer bias. The consolidation, we anticipated, appears to be morphing into a correction. Weaker than expected retail sales […]
Merck & Co Inc. DCF Valuation: Is The Stock Undervalued?

Merck & Co Inc. DCF Valuation: Is The Stock Undervalued?

Image Source: Pixabay  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, Merck & Co Inc (MRK).  ProfileMerck makes pharmaceutical products to treat several […]
American Express Q2 Revenue Falls Short Of Expectations, EPS Beat

American Express Q2 Revenue Falls Short Of Expectations, EPS Beat

Image Source: Pixabay  American Express Company (NYSE: AXP) reported robust results for the second quarter of 2024, achieving record-breaking revenue and significant earnings per share (EPS) growth.According to Stephen J. Squeri, Chairman and Chief Executive Officer, the company delivered strong second-quarter results with quarterly revenue reaching an all-time high of $16.3 billion, an 8% increase from the previous year. […]
CrowdStrike And Microsoft Shares Plunge After Major Outage

CrowdStrike And Microsoft Shares Plunge After Major Outage

 Image Source: Unsplash   CrowdStrike shares dropped 20% due to an update causing a major outage. Microsoft experienced a 2.5% decline following issues with Azure and Microsoft 365. The incidents highlight vulnerabilities in cloud-based cybersecurity solutions. Cybersecurity firm CrowdStrike experienced a significant drop in its share price on Friday following an update that led to a […]
Unlocking ASX Trading Success: CSL Limited

Unlocking ASX Trading Success: CSL Limited

Welcome to our latest Elliott Wave analysis on the Australian Stock Exchange (ASX) featuring CSL LIMITED – CSL. We aim to provide an insightful overview of CSL’s stock movement using Elliott Wave principles.ASX: CSL LIMITED – CSL Elliott Wave Technical Analysis (1D Chart)Function: Major trend (Minute degree, navy)Mode: MotiveStructure: ImpulsePosition: Wave (3) – orange of Wave ((3)) – […]
EUR/USD Experiences Sharp Decline: Risk Appetite Heightens

EUR/USD Experiences Sharp Decline: Risk Appetite Heightens

Image Source: Unsplash  The EUR/USD pair fell sharply to 1.0888, with investors speculating on the future of US interest rates and the potential implications of the upcoming presidential election, particularly as Donald Trump’s chances appear to be improving. These factors contribute to a heightened risk appetite, leading to a retreat in the USD.As the Federal Reserve […]
Major Global Cyber Outage Hits Airlines, Banks And Media Outlets, Impacting Millions

Major Global Cyber Outage Hits Airlines, Banks And Media Outlets, Impacting Millions

Image Source: Unsplash  Cybersecurity firm CrowdStrike suffered a major outage on Friday, the company told NBC, impacting businesses globally. Meanwhile, Microsoft’s cloud services were restored after they also suffered an outage on the same day. CNBC’s Karen Tso and Arjun Kharpal with the latest.Video Length: 00:03:47More By This Author:Citigroup Tops Expectations For Profit And Revenue On […]
GBP/JPY Forecast: Pound Finds Its Footing Against The Yen

GBP/JPY Forecast: Pound Finds Its Footing Against The Yen

In my daily analysis of the British pound against the Japanese yen, it’s easy to see that we have seen a massive turnaround. At this point in time, it looks like the market is going to continue to see more of a buy on the dip behavior and buying on the dip, of course, has […]
Can Mega-Capitalization Stocks Continue Their Dominance?

Can Mega-Capitalization Stocks Continue Their Dominance?

Over the last few years, a handful of “Mega-Capitalization” (mega-market capitalization) stocks have dominated market returns. The question is whether that dominance will continue and if the same companies remain the leaders. It is an interesting question. The number of publicly traded companies continues to decline, as shown in the following chart from Apollo.This decline has many reasons, including […]
Malaysia’s GDP Is Well Ahead Of Estimates

Malaysia’s GDP Is Well Ahead Of Estimates

Image source: Pixabay  The Dow Jones Index (US30) fell by 1.29% yesterday, while the S&P 500 Index (US500) went down 0.78%. The Nasdaq Technology Index (US100) closed negative 0.70%. Stocks initially opened higher on Thursday, with the Dow Jones Industrials Index (US30) setting a new record high amid a rebound in chip maker stocks after Taiwan Semiconductor Manufacturing Co, a supplier of chips to […]