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Dow, Nasdaq Up Triple Digits After Earnings, Data

Dow, Nasdaq Up Triple Digits After Earnings, Data

The Nasdaq Composite Index (IXIC) and Dow Jones Industrial Average (DJI) are sporting strong triple-digit leads midday, after Wall Street brushed off Nvidia’s (NVDA) lackluster third-quarter revenue outlook with help from Salesforce’s (CRM) strong quarterly results. The S&P 500 Index (SPX) sits higher as well, on the heels of better-than-expected jobs data and a gross domestic product (GDP) revision to 3% […]
Is This The “Last Hurrah” Rally?

Is This The “Last Hurrah” Rally?

Image Source: Pexels After the huge selloff in early August, due to the big unwinding of the Yen Carry Trade, the markets have staged a swift and sharp rebound off their August 5th lows. Many believe this is evidence that the bull market can continue over the next several months.Is that because it’s the “path of least resistance,” or because […]
U.S. GDP Growth Revised Up Amid Mixed Economic Signals And Softening Labor Market

U.S. GDP Growth Revised Up Amid Mixed Economic Signals And Softening Labor Market

Image source: Pixabay The latest economic data paints a mixed yet cautiously optimistic picture of the U.S. economy. The upward revision in GDP growth to 3.0% for the second quarter of 2024 is encouraging, especially when compared to the 1.4% growth in the first quarter. The increase in consumer spending, private inventory investment, and nonresidential fixed […]
Biotech And Life Science Sector Update Summer Of 2024

Biotech And Life Science Sector Update Summer Of 2024

Image Source: Unsplash Life Science Sector Update August 2024 Nothing seems to be happening lately in the market as we wait for Nvidia earnings. It’s the slowest week of the year, we are at the market top and most earnings reports are good. And Fed Chairman Powell recently indicated a rate cut is coming in September. Smooth […]
Monetizing The Debt

Monetizing The Debt

Image Source: Pexels Alhambra CEO explains the role of the government and the Federal Reserve in creating inflation.Video Length: 00:10:23More By This Author:Financial Fear Mongering Warren Buffet Sells Apple Why Did The Market Sell-Off?
3 Cheap Stocks With Double-Digit Upsides To Buy In August 2024

3 Cheap Stocks With Double-Digit Upsides To Buy In August 2024

Image courtesy of 123rf.com Although it is important to observe companies’ valuation indicators, from price-to-earnings (P/E) ratio to discounted cash flows and growth metrics, it is even more important to place them in the current macroeconomic landscape.Each of these stocks has an advantage that makes them appealing contestants as undervalued stocks, especially after the early August market […]
Elliott Wave Technical Analysis: Wheat Commodity – Thursday, Aug. 29

Elliott Wave Technical Analysis: Wheat Commodity – Thursday, Aug. 29

Wheat Elliott Wave AnalysisSince reaching its peak in March 2022, Wheat prices have experienced a dramatic decline, plummeting nearly 61% from over 1360 to the current level of approximately 540. This significant downturn reflects a prolonged bearish cycle that has persisted for over 28 months. However, based on Elliott Wave analysis, this bearish phase appears to be approaching its […]
Russell 2000 Earnings Dashboard 24Q2 – Thursday, Aug. 29

Russell 2000 Earnings Dashboard 24Q2 – Thursday, Aug. 29

Image Source: Unsplash  Russell 2000 Aggregate Estimates and Revisions The 24Q2 Y/Y blended earnings growth estimate is 18.7%. If the energy sector is excluded, the growth rate for the index is 28.7%. Of the 1,738 companies in the Russell 2000 that have reported earnings to date for 24Q2, 60.4% reported above analyst expectations. The 24Q2 Y/Y blended revenue growth estimate is 0.6%. If the energy sector is excluded, the growth rate for […]
Sensex Today Ends 349 Points Higher; Nifty Above 25,100

Sensex Today Ends 349 Points Higher; Nifty Above 25,100

After opening the day lower, Indian benchmark indices turned positive as the session progressed and ended the day higher.The benchmark equity indices ended Thursday’s trading session in positive territory.At the closing bell, the BSE Sensex stood higher by 349 points (0.4%).Meanwhile, the NSE Nifty closed higher by 99 points (up 0.4%).Tata Motors, BPCL, and Britannia are among the top gainers today.Grasim […]
USD/JPY Analysis: Yen Hovers Near Three Week High

USD/JPY Analysis: Yen Hovers Near Three Week High

Ahead of a batch of crucial US economic data, the Japanese Yen traded around 144 Yen against the US Dollar, hovering near its strongest levels in three weeks. This comes as the prospect of interest rate cuts by the Federal Reserve continues to weigh on the US Dollar while other major currencies have benefited. Federal […]