July 2024 - Page 261 of 267 -

Clinical-Stage BioTech Drug Stocks Declined 13% In June

Jul 01, 2024 Jeremy Parkinson Finance 0

Image Source: Unsplash An Introduction The 10 clinical-stage AI-focused (designated with *) and psychedelic compound-based (designated with **) small cap ($400M to $2.0B) drug discovery companies in the munKNEE Clinical-Stage BioTech Drug Stocks Portfolio were DOWN 13.2%, on average, in June and are now down 23.6%, on average, YTD.Please note: Before proceeding, read Psychedelics Stocks Are […]

Buying Grupo Aeroportuario Del Sureste

Jul 01, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Two of the primary factors I look for when doing a cursory examination of a Green Screen stock are: “does it have recurring revenues” and “does it have a clear economic moat”?Today’s review – Grupo Aeroportuario del Sureste (ASR) – quickly stood out on both of those questions as a resounding “YES”!So it was only natural to […]

Softs Report – Monday, July 1

Jul 01, 2024 Jeremy Parkinson Finance, No picture 0

COTTON General Comments: Cotton was higher last week but gave back much of the gains of the week on a poor weekly export sales report and more planted Cotton area. USDA said that area planted to all Cotton is 11.670 million acres, about 0one million more than reported in March Big storms were reported in […]

Soft U.S. Manufacturing And Construction Numbers Emphasise The Dependency On Services

Jul 01, 2024 Jeremy Parkinson Finance 0

ISM components highlight the problems for US manufacturingToday’s US data has come in on the softer side of expectations with the June ISM manufacturing index dipping to 48.5 from 48.7. The consensus was looking for a modest recovery to 49.1. This is the 19th sub-50 reading, thereby indicating contraction in the past 20 months, with […]

Sizing Up Fridays USDA Report’s And Action. The Corn & Ethanol Report

Jul 01, 2024 Jeremy Parkinson Finance, No picture 0

We kicked off the day with S&P Global Manufacturing PMI Final at 8:45 A.M., ISM Manufacturing PMI, ISM Manufacturing Employment, Construction Spending MoM, ISM Manufacturing New Orders, and ISM Manufacturing Prices at 9:00 A.M., Export Inspections at 10:00 A.M., 3-Month & 6-Month Bill Auction at 10:30 A.M., Cotton System, Fats & Oils, and Grain Crushings […]

The Boeing Crisis: Will The Company Make It Out Alive?

Jul 01, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash “It was probably the first time in my life I had a feeling of no control over everything. I was in disbelief over the whole situation,” 40-year-old Tran, a passenger on-board the January 5 Ontario-bound Alaska Airlines told BBC.When an unused door of the Boeing 737 Max 9 — the aircraft Tran was […]

GameStop Trader Keith Gill Announces 6.6% Stake In Chewy, Shares Dip

Jul 01, 2024 Jeremy Parkinson Finance 0

Image courtesy of 123rf.com The stock market experienced unexpected turbulence Monday as Keith Gill, better known by his online persona “Roaring Kitty,” disclosed a significant stake in pet retailer Chewy Inc (NYSE: CHWY). This move comes amid a reignited interest in so-called “meme stocks” and their potential for sudden price movements and increased volatility. Key Player in GameStop […]

Tech Giants Eye Nuclear Power For AI Data Centers: A Double-Edged Sword

Jul 01, 2024 Jeremy Parkinson Finance 0

AI is a power hog. According to the WSJ, roughly a third of domestic nuclear power plants are in talks with tech giants to supply carbon-free power for AI operations, driving a significant shift in the power industry.For example: Amazon Web Services (AWS) is nearing a deal with Constellation Energy, the largest U.S. nuclear plant […]

Manufacturing ISM Contracts For The 19th Time In The Last 20 Months

Jul 01, 2024 Jeremy Parkinson Finance 0

ISM chart and excerpts below by permission from the Institute for Supply Management® ISM®Please consider the June 2024 Manufacturing ISM® Report On Business® emphasis mine. Economic activity in the manufacturing sector contracted in June for the third consecutive month and the 19th time in the last 20 months, say the nation’s supply executives in the latest Manufacturing ISM® Report On […]

3 Must-Buy Funds On Solid Jump In Consumer Spending

Jul 01, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Consumers in the United States have been spending quite freely despite high interest rates. Higher wages and a steady rise in personal income are boosting consumer spending.The Commerce Department reported on Jun 28 that personal income rose 0.5% in May after increasing 0.3% in the prior month. Also, wages increased a solid 0.7% […]