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Analysts forecast Ethereum to reach $6,000 in 2024

Analysts forecast Ethereum to reach $6,000 in 2024

Key Takeaways Analysts predict Ethereum to reach an average of $6,404 by the end of 2024. Ethereum’s transition to proof-of-stake and Layer 2 networks position it for potential growth. Ethereum (ETH) is projected to reach $6,404 by the end of 2024, according to top analysts’ and fund managers’ predictions gathered by CoinGecko. Predictions range from […]
Cardinal Health Reports Double Beat In Fiscal Q4

Cardinal Health Reports Double Beat In Fiscal Q4

Image Source: Unsplash  Cardinal Health (NYSE: CAH) has reported its fourth-quarter and fiscal year 2024 results, showcasing a robust performance that has exceeded expectations in several key areas.With a 12% increase in fourth-quarter revenue to $59.9 billion, the company has demonstrated strong operational execution across its business segments. GAAP operating earnings for the quarter stood at $401 […]
Ethereum Has Returned To A Bullish Trend

Ethereum Has Returned To A Bullish Trend

Ethereum’s price climbed to $2750 this morning, a new weekly high  depositphotos Ethereum chart analysisEthereum’s (ETH-X) price climbed to $2750 this morning, a new weekly high. We have been in a stable bullish consolidation since Monday. On Tuesday, the price gained new support at $2650, after which it crossed above the EMA 200 moving average. With this support, […]
Unlocking ASX Trading Success: V300AEQ ETF Units – Wednesday, Aug. 14

Unlocking ASX Trading Success: V300AEQ ETF Units – Wednesday, Aug. 14

ASX: V300AEQ ETF UNITS – VAS  Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with V300AEQ ETF UNITS – VAS. We see VAS could start pushing higher with a 3-grey wave.ASX: V300AEQ ETF UNITS – VAS  Elliott Wave Technical Analysis  ASX: V300AEQ ETF UNITS – VAS  1D Chart (Semilog Scale) AnalysisFunction: Major trend (Minor degree, grey)  Mode: Motive  Structure: Impulse  Position: Wave 3-grey  Details: Wave 2-grey just ended at the low of 94.13 in an Expanded Flat. And wave 3-grey could be back to push higher, with an immediate target around 110.00.  Invalidation point: 94.13ASX: V300AEQ ETF UNITS – VAS   Elliott Wave Technical Analysis TradingLounge (4-Hour Chart)ASX: V300AEQ ETF UNITS – VAS  Elliott Wave Technical Analysis ASX: V300AEQ ETF UNITS – VAS  4-Hour Chart AnalysisFunction: Counter trend (Minute degree, navy)  Mode: Corrective  Structure: Flat  Position: Wave (iii)-orange of Wave ((i))-navy   Details: Since the low at 94.13, the 3-grey wave is unfolding, which is subdividing into the ((i))-navy wave. The ((i)) wave itself is also subdividing into five-waves. Basically, it will continue to push higher to complete its role. Then the ((ii))-navy wave may start pushing a little lower. […]
Gold Price Analysis: Gold Price Stabilizes Near Record Highs

Gold Price Analysis: Gold Price Stabilizes Near Record Highs

Meanwhile, investors will be watching US consumer price figures on Wednesday for further insight into inflation and clues about the path of the Federal Reserve’s monetary policy. Overall, expectations for a Fed rate cut in September remain unchanged, although market opinion is now divided on whether the cut will be 50 basis points or a […]
American Cannabis MSO Portfolio Bucked Trend: Up 4.6% Last Week

American Cannabis MSO Portfolio Bucked Trend: Up 4.6% Last Week

Image Source: Unsplash  IntroductionDespite the significant sell-off in the stock market last week, 5 of the 7 constituents in the munKNEE American Cannabis MSO Portfolio advanced in response the release of their Q2 financials during the week. This article reports their stock performances last week as a result, in descending order, along with 3 financial metrics […]
S&P Daily Trade Plan – Wednesday, August 14

S&P Daily Trade Plan – Wednesday, August 14

In this update we review the recent price action in the emini SP500 and identify a trading plan for the session ahead Start Trading Now With The World’s Best Trading Platform! Video Length: 00:07:14 More By This Author:Daily Market Outlook – Wednesday, Aug. 14SP500 Daily Trade Plan – Tuesday, August 13, 2024 6:15 AM EDTDaily Market Outlook – […]
Intel Offloads Stake In UK Chip Designer Arm Amid Restructuring Push

Intel Offloads Stake In UK Chip Designer Arm Amid Restructuring Push

Intel has sold its 1.18 million share stake in British chip designer Arm Holdings, raising nearly $147 million.This move is part of a broader restructuring strategy as the company grapples with financial challenges and intensified competition in the semiconductor industry. Why did Intel divest its stake in Arm?Intel’s decision to divest from Arm comes during a […]
Nasdaq 100 Forecast: Continues To Float Higher

Nasdaq 100 Forecast: Continues To Float Higher

The Nasdaq 100 rallied a bit during the course of the trading session on Tuesday, as we continue to see a little bit of a risk on the move. We have recently bounced from the crucial 200 day EMA and that of course is a technically bullish sign. For what it is worth, it looks […]
Stealth QE Or Rubbish From Dr. Doom?

Stealth QE Or Rubbish From Dr. Doom?

Image Source: Pixabay  A recent article co-authored by Stephen Miran and Dr. Nouriel Roubini, aka Dr. Doom, accuses the U.S. Treasury Department of using its debt-issuance powers to manipulate financial conditions. They liken recent Treasury debt issuance decisions to stealth QE. Per the first paragraph of the article’s executive summary: By adjusting the maturity profile of […]