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S&P 500 Earnings Dashboard 24Q2 – Monday, July 22

S&P 500 Earnings Dashboard 24Q2 – Monday, July 22

Image Source: Unsplash  S&P 500 Aggregate Estimates and Revisions 24Q2 Y/Y earnings are expected to be 11.1%. Excluding the energy sector, the Y/Y earnings estimate is 12.0%. Of the 74 companies in the S&P 500 that have reported earnings to date for 24Q2, 81.1% reported above analyst expectations. This compares to a long-term average of 66%. The 24Q2 Y/Y blended revenue growth estimate is 4.5%. If the energy sector […]
Gen Z And Millennial Investors Want Gold!

Gen Z And Millennial Investors Want Gold!

By Mike Maharrey, Money Metals Exchange You might think of gold as old-fashioned – an investment that mostly appeals to Boomers. But in the real world, it’s Millennials and Gen-Zers who are clamoring for gold.According to a recent study by Bank of America Private Bank, 45 percent of wealthy investors under the age of 43 own […]
Waiting On The US Market Response To Politics

Waiting On The US Market Response To Politics

Image Source: DepositPhotosWe haven’t seen all that much movement in markets as the new week gets going, though the bleeding has stopped at least for a moment when it comes to US equities. On the currency side, the Dollar has been under pressure against the majors, but remains well bid against the commodity currencies.Video Length: […]
Bitcoin’s ‘Moon’ Phase Has Triggered Perfect Storm For Altcoins; Watch Out For Solana-based Coins

Bitcoin’s ‘Moon’ Phase Has Triggered Perfect Storm For Altcoins; Watch Out For Solana-based Coins

The post Bitcoin’s ‘Moon’ Phase Has Triggered Perfect Storm For Altcoins; Watch Out For Solana-based Coins appeared first on Coinpedia Fintech NewsThe crypto market is poised for what could be the perfect storm. According to analyst Kyle Doops of Crypto Banter, we have just witnessed a bullish “Moon” phase for Bitcoin. This recent development suggests that any pullbacks […]
FTSE Rebounds From Friday’s Lows As Rentokil Surges On Buyout Chatter

FTSE Rebounds From Friday’s Lows As Rentokil Surges On Buyout Chatter

Image Source: Pexels  London stocks bounced back on Monday, with broader gains as investors processed corporate updates and evaluated the potential impact of U.S. President Joe Biden dropping out of the reelection race. Rentokil saw a surge after reports of takeover interest, driving the FTSE 100 index up by 0.5% and the FTSE 250 ticked higher.Rentokil […]
USD/JPY Analysis: When To Buy?

USD/JPY Analysis: When To Buy?

Last week, the USD/JPY continued its decline, reaching the support level of 155.37, the lowest for the pair in a month and a half, continuing a sell-off from the yen’s weakest level in 38 years. Since mid-week, the USD/JPY rebounded to reach the resistance level of 157.86, stabilizing around 157.35 at the beginning of this […]
How Restrictive Are Real Interest Rates?

How Restrictive Are Real Interest Rates?

Over the weekend Harvard econ professor Jason Furman suggested that the Fed funds rate is not very restrictive:“As inflation has come down the real Federal funds rate has risen and is now the most restrictive it has been this cycle, a point that Austin Goolsbee has emphasized a number of times. … That is not the way […]
Stable Dollar Poised For Recovery Amid Strong U.S. Economic Indicators

Stable Dollar Poised For Recovery Amid Strong U.S. Economic Indicators

The dollar remained steady and was set to break a two-week losing streak on Friday, driven by US labor and manufacturing data. Jobless claims rose more than expected last week, but the labor market remained stable. The dollar index stood at 104.36, up from a four-month low of 103.64. The Federal Reserve is expected to […]
Verizon Takes A Hit To Profit Despite Subscriber Growth In Q2

Verizon Takes A Hit To Profit Despite Subscriber Growth In Q2

Verizon Communications Inc (VZ) continued to add wireless and broadband subscribers in its second financial quarter signalling solid demand for its services. Still, quarterly profit of the telecommunications giant came in lower than a year ago that’s pushing the stock down in premarket on Monday. Verizon reported $32.8 billion in revenue for its second fiscal quarter today […]
Gold Price Forecast: 5 Reasons XAU Rally Will Continue

Gold Price Forecast: 5 Reasons XAU Rally Will Continue

Gold price has suffered a harsh reversal in the past three days straight. It has dropped by over 3% from its highest point last week and is hovering near its lowest point since July 17th. This retreat has coincided with that of other industrial metals like copper, silver, and platinum. Here are a few reasons […]