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These 7 AI Stocks Are Still Considered Under Or Fairly Valued

These 7 AI Stocks Are Still Considered Under Or Fairly Valued

IntroductionIf you’re trying to determine whether a company’s stock is expensive, cheap, or fairly valued, the PEG (price earnings to growth) ratio is one of the best ratios to look at. The PEG RatioInstead of just looking at price-to-earnings, the PEG ratio also factors in the growth rate of the company, which is crucial in understanding […]
Business-Friendly Policies Drive Corporate Relocations To Texas

Business-Friendly Policies Drive Corporate Relocations To Texas

A seismic shift is taking place in corporate America as even more companies announce plans to relocate from blue states to more business-friendly jurisdictions like Texas.Last week, Elon Musk announced he would be moving the headquarters of two of his companies, X and SpaceX, from California to Texas. The “final straw,” according to Musk, was a new […]
ETH/USD: Buy Next Dip

ETH/USD: Buy Next Dip

As you know, the Chicago Board Options Exchange (CBOE) has confirmed that five spot Ethereum ETFs will start trading this week, on July 23, 2024. This news has helped boost the prices of cryptocurrencies recently. However, when the ETFs begin trading, many investors might jump in, but this can sometimes cause the opposite effect. Too […]
Alternative Business Cycle Indicators – Monday, July 22

Alternative Business Cycle Indicators – Monday, July 22

Most recent forecasts indicate no recession, Q2 nowcasts raised (GDPNow, NY Fed), weekly indicators (Lewis, Mertens, Stock; Baumeister, Leiva-Leon, Sims) growth rates rising, and both NBER BCDC indicators as well as alternative indicators showing positive growth.Figure 1: Nonfarm Payroll early benchmark (NFP) (bold blue), civilian employment adjusted using CBO immigration estimates (orange), manufacturing production (red), personal income excluding […]
Streaky Stock Market

Streaky Stock Market

As the S&P 500 attempts to rebound today, Friday’s decline capped off a negative week for the market taking the S&P 500 out of short-term overbought levels. That decline ended a streak of more than six weeks (32 trading days) of the S&P 500 closing more than one standard deviation above its 50-day moving average.While […]
Stocks To Watch Today: Nvidia, Tesla, And CrowdStrike

Stocks To Watch Today: Nvidia, Tesla, And CrowdStrike

Image courtesy of 123rf.com In today’s market, three tech giants are making headlines for very different reasons. Nvidia (Nasdaq: NVDA) received a boost from analyst upgrades, Tesla (Nasdaq: TSLA) unveiled plans for humanoid robots, and CrowdStrike (Nasdaq: CRWD) continued to grapple with the fallout from a major IT outage. Nvidia Stock Gains as Analyst Up Price Target Nvidia’s stock […]
We Are In A Recession In Full-Time Jobs

We Are In A Recession In Full-Time Jobs

 Image source: Unsplash We’ve been told the economy is strong for more than a year. The strong labor market with millions of new jobs serves as a primary data point to support this claim.But the headline numbers don’t tell the whole story. The labor market isn’t telling us the economy is strong. It’s signaling recession with full-time […]
Elliott Wave Technical Analysis: S&P 500

Elliott Wave Technical Analysis: S&P 500

Image Source: Unsplash  S&P 500 Elliott Wave Analysis – Daily ChartS&P 500 Elliott Wave Technical AnalysisFunction: Counter Trend Mode: Corrective Structure: Orange Wave 4 Position: Navy Blue Wave 5 Next Higher Degree Direction: Orange Wave 5 Details: Orange Wave 3 completed at 5680.49, now in Orange Wave 4 of 5. Wave Cancel Invalid Level: 5125.98The S&P 500 Elliott Wave Analysis on the daily […]
Bitcoin on-chain metrics remain robust during July’s rebound: Bitfinex

Bitcoin on-chain metrics remain robust during July’s rebound: Bitfinex

Key Takeaways BTC price recovered 29% since July 5, reaching a 38-day high of $68,560. ETF inflows totaled $1.2 billion last week, signaling renewed investor interest. Bitcoin (BTC) reached a 38-day high of $68,560 last week, marking a 29% recovery since July 5th, and the latest edition of the “Bitfinex Alpha” reports that on-chain metrics […]
Bear Of The Day: Brownforman

Bear Of The Day: Brownforman

Nowadays it seems like every ultra-famous celebrity has their own whisky line, leading to increased competition for Brown-Forman (BF-B) and its iconic Jack Daniel’s brand.While Brown-Forman is one of the largest producers in the spirits and wine business, the company has grappled with supply chain disruptions along with the impact of higher inflation and interest […]