Archives by Month:

Archives by Year:

IBM Beats Q2 Earnings On AI Growth: ETFs To Buy

IBM Beats Q2 Earnings On AI Growth: ETFs To Buy

Image Source: UnsplashAfter the closing bell on Jul 24, International Business Machines (IBM – Free Report) reported strong second-quarter 2024 results. It beat estimates for earnings and revenues, citing rising customer demand for new AI projects. IBM shares spiked 4% in aftermarket hours. Investors seeking to tap the strength could consider ETFs having the highest allocation to this tech […]
Bitcoin and Ethereum top client interest with ‘very little’ demand for other crypto ETFs: BlackRock Head of Digital Assets

Bitcoin and Ethereum top client interest with ‘very little’ demand for other crypto ETFs: BlackRock Head of Digital Assets

Key Takeaways BlackRock’s Mitchnick highlighted that their client base is predominantly interested in Bitcoin, with some interest in Ethereum. BlackRock considers Bitcoin and Ethereum as complementary assets with distinct roles. The SEC’s greenlight for spot Ethereum ETFs has sparked optimism about the future of other crypto ETFs, with some anticipating that Solana funds will be […]
Metal Markets Report For Thursday, July 25

Metal Markets Report For Thursday, July 25

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:09:01More By This Author:SPDR ETF Report For Thursday, July 25Financial Markets Report For Thursday, July 25Metal Markets Report For Wednesday, July 24
The Market Takes A Sledgehammer To Tesla Shares

The Market Takes A Sledgehammer To Tesla Shares

Image Source: PexelsBack in 2020, EV automaker Tesla (TSLA) and its CEO Elon Musk were on top of the world.TSLA’s share prices were surging higher and higher. Musk’s tweets were making daily headlines. And the company’s Model 3 was quickly becoming one of the hottest cars in America.But even at TSLA’s peak, Musk knew exactly how […]
Quarterly Trading Report – Q2 2024: A Rising Tide Doesn’t Always Lift All Boats

Quarterly Trading Report – Q2 2024: A Rising Tide Doesn’t Always Lift All Boats

Image Source: Pixabay The divergence between the Magnificent Seven and the other 493 companies in the S&P 500 Index continued during the second quarter, with the former gaining nearly 18% while the latter declined by about 1%.  For the second straight quarter, fixed-income markets experienced a higher degree of volatility than normal, primarily due to shifts […]
Homebuilder Inventory Of Started But Unsold Homes Is The Highest Since 2008

Homebuilder Inventory Of Started But Unsold Homes Is The Highest Since 2008

Image Source: UnsplashThe homebuilders’ inventory of started but unsold homes is steeply rising as sales drop. It will take price cuts to clear inventory.Data from the census department, chart by MishNew Residential ConstructionYesterday, the Census Department released the New Residential Construction report for June. New Home Sales: Sales of new single-family houses in June 2024 were at a […]
What’s Going On With The Mag 7?

What’s Going On With The Mag 7?

Image Source: PixabayThe Mag 7 group has been at the forefront of many market headlines over the last year, with their robust performance and quarterly results consistently exciting the market.And over the last several weeks, three members of the club – Nvidia (NVDA – Free Report), Apple (AAPL – Free Report), and Amazon (AMZN – Free Report) – have seen increased search […]
Tesla And BYD Claim A Third Of Global EV Market

Tesla And BYD Claim A Third Of Global EV Market

Image Source: UnsplashIn the second quarter of 2024, Tesla’s gross margin dropped to a new low after declining every quarter since Q1 2022. Thanks to an uptick in deliveries over the past months, the U.S. automaker and pioneer of getting battery electric vehicles (BEVs) to the mass market still retained the biggest market share among all BEVs sold worldwide. In the past […]
Japanese Yen Comes Under Pressure Following Tokyo CPI

Japanese Yen Comes Under Pressure Following Tokyo CPI

Image Source: Pixabay The Japanese Yen struggles after the release of the Tokyo CPI data on Friday. The JPY’s downside may be limited as traders may continue unwinding their carry trades ahead of the BoJ meeting. The US Dollar appreciates as recent US economic data have reduced rate cut expectations for September. The Japanese Yen (JPY) […]
USD/CAD Trades With Mild Bearish Bias Near 1.3800, Eyes On US PCE Data

USD/CAD Trades With Mild Bearish Bias Near 1.3800, Eyes On US PCE Data

Photo by Michelle Spollen on Unsplash USD/CAD trades in negative territory around 1.3815 in Friday’s Asian session.  Economic activity in the US was stronger than expected during the second quarter.  The growing bets that the BoC would continue to cut interest rates weigh on the Loonie.  The USD/CAD pair trades with mild losses near 1.3815, snapping the seven-day winning streak […]