July 2024 - Page 54 of 267 -

Shiba Inu Burn Rate Drops Following 700% Surge: What’s Next?

Jul 25, 2024 Jeremy Parkinson Finance 0

Image by KNFind from Pixabay Shiba Inu is a popular dog-themed meme-coin, and investors are actively watching its price movements. This crypto has caused quite a stir in the crypto markets with its recent volatility. The Shiba Inu’s burn rate soared suddenly, blindsiding some traders. So, what’s happening with SHIBA? Is it time to buy? And what is the analysts’ forecast? The […]

Gold: Steady So Far

Jul 25, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Gold lost its gains as today’s stock sell-off gained steam, leading to a liquidity crunch and margin calls. Still, the yellow metal is weathering the turmoil very well so far.A couple of days ago I predicted that we had another week or two of sideways trading before gold was ready to take off […]

Wall Street’s Mixed Reactions To IBM’s Q2 Results: Keep Holding Or Cash Out?

Jul 25, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash International Business Machines Corp. (NYSE: IBM) unveiled its Q2 2024 earnings after markets closed for trade on Wednesday. The earnings surpassed Wall Street expectations, yet eliciting mixed reactions from analysts. IBM Q2 earnings & outlook IBM’s second-quarter GAAP EPS stood at $1.99, outperforming expectations by $0.19, indicative of the company’s cost management and […]

Elliott Wave Technical Analysis: Euro/British Pound – Thursday, July 25

Jul 25, 2024 Jeremy Parkinson Finance 0

Photo by Colin Watts on Unsplash Elliott Wave Analysis Trading Lounge Day Chart, Euro/British Pound (EURGBP) Day ChartEURGBP Elliott Wave Technical AnalysisFUNCTION: Trend MODE: Impulsive STRUCTURE: Orange wave 3 POSITION: Navy blue wave 3 DIRECTION NEXT HIGHER DEGREES: Orange wave 4 DETAILS: Orange wave 2 appears complete; now orange wave 3 of 3 is active. Wave Cancel Invalid Level: 0.84997The EURGBP Elliott Wave Analysis on the day […]

S&P 500 Earnings Dashboard 24Q2 – Thursday, July 25

Jul 25, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay S&P 500 Aggregate Estimates and Revisions 24Q2 Y/Y earnings are expected to be 11.8%. Excluding the energy sector, the Y/Y earnings estimate is 12.7%. Of the 181 companies in the S&P 500 that have reported earnings to date for 24Q2, 78.5% reported above analyst expectations. This compares to a long-term average of 66%. The 24Q2 Y/Y blended revenue growth estimate is 4.7%. If the energy sector is […]

FTSE Reverses Early Losses After Printing Three Month Lows…Buy

Jul 25, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash On Thursday, the FTSE 100 reversed early losses from its lowest level in nearly three months, mainly due to a decline in gold miners. However, Unilever saw a surge in its stock after surpassing profit expectations for the first half of the year. The blue-chip FTSE 100 index is up 0.23% Most major sub-sectors […]

Looking Back, A 2018 Warning Of Markets Overdone

Jul 25, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels While listening to a financial program recently I heard one of the participants mention and praise Fred Hickey, an analyst whom I was unfamiliar with. Upon researching this fella to get a feeling of his views, an interview he did years ago popped up. It appears that back in early 2018, Fred Hickey, […]

US GDP Growth Beats Expectations, But Fails To Dent The Market’s Faith In Rate Cuts

Jul 25, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay The US economy grew at a faster than expected 2.8% annualized rate in the second quarter and core inflation was also a little hotter than expected. The economy is facing more challenges in the second half of the year and with the Fed sounding more relaxed on the path ahead for inflation, we expect […]

Bear Of The Day: Hooker Furnishings (HOFT)

Jul 25, 2024 Jeremy Parkinson Finance 0

Hooker Furnishings Corp. (HOFT) continues to focus on execution during this sustained downturn in the furniture industry. This Zacks Rank #5 (Strong Sell) is expected to see a big decrease in earnings in fiscal 2025.Hooker Furnishings is celebrating its 100th year of business this year. It is a designer, marketer and importer of casegoods (wooden and […]

Sensex Today Ends 109 Points Lower; Nifty Below 24,450

Jul 25, 2024 Jeremy Parkinson Finance 0

After opening the day lower, benchmark indices remained muted as the session progressed and ended the day lower.After a steep sell-off seen in the morning deals, benchmarks — BSE Sensex and NSE Nifty50 clocked a steady recovery during the day.The recovery, which was aided by strength in shares of Tata Motors, HDFC Bank, L&T, Sun […]