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Upstart Holdings Jumps Over 45%: Should You Buy?

Upstart Holdings Jumps Over 45%: Should You Buy?

Image Source: Pexels Following an impressive second-quarter earnings report, Upstart Holdings Inc (Nasdaq: UPST) has witnessed a significant shift in analyst perceptions.Notably, Citi upgraded the company from ‘Sell/High Risk’ to ‘Neutral/High Risk,’ simultaneously raising their price target from $15 to $33.This adjustment reflects an improved outlook based on several factors including an enhanced conversion ratio and […]
GDPNow Vs. WSJ July Forecast

GDPNow Vs. WSJ July Forecast

Image source: Pixabay From Atlanta Fed today, 2.9% SAAR in Q3:Figure 1: GDP (bold black), WSJ July survey mean growth iterated on Q2 advance (teal), and GDPNow for Q3 growth iterated on Q2 advance (light blue square), all in bn Ch.2017$. Source: BEA 2024Q2 advance, WSJ survey, Atlanta Fed (8/6), and author’s calculations.Recall, that roughly a third of the […]
Which “Magnificent Seven” Stock Offers The Most Value For Money Today?

Which “Magnificent Seven” Stock Offers The Most Value For Money Today?

Image courtesy of 123rf.com Following Monday’s market pullback, so-called Magnificent Seven stocks bled over $650 billion worth of capital. The global equity market realigned with a combined market signaling coming from Warren Buffett’s sale of ~390 million Apple shares, weak US jobs report, and Japan’s yen carry trade. By consolidation and network effect, Apple (Nasdaq: AAPL), Microsoft […]
AI Stocks Struggle

AI Stocks Struggle

Photo by Steve Johnson on Unsplash AI Takes a Breather We created a basket of AI stocks a while back as a way to monitor how the space is doing and to potentially find individual stock ideas. While AI stocks performed extremely well in 2023 and the early part of 2024, they’ve had trouble over the last few […]
Is The Stock Market Bubble Finally Popping?

Is The Stock Market Bubble Finally Popping?

Image Source: Pexels Despite the Fed’s string of interest rate hikes over the past few years the stock markets have continued to soar. Reaching new all-time highs, before pulling back in volatile fashion over the past few weeks.Which has left investors wondering if the stock markets are again in bubble territory. And if so, if the […]
Cannabis MSO Verano Reported A Q2 Net Loss Increase Of 351%

Cannabis MSO Verano Reported A Q2 Net Loss Increase Of 351%

Image Source: Pixabay This article provides Verano Holdings’ (VRNOF)  Q2 financial results for the period ending June 30th, 2024. Q2 Financial Highlights (All currency numbers are in USD and compared to the previous quarter.) Revenue: UP 0.5% to $222,390M  Gross Profit: UP 1.2% to $114,340M as a % of revenue: UP to 51.4% from 51.0% SG&A Expense: […]
China’s Competitiveness Is Driven By Low Taxation, Not By Industrial Policy

China’s Competitiveness Is Driven By Low Taxation, Not By Industrial Policy

Image source: PixabayThe West is getting increasingly worried about China’s export prowess as its companies are rapidly gaining market shares in green and high-tech industries. Recently, U.S. Treasury Secretary Janet Yellen accused China of industrial overcapacity and urged Europeans to respond jointly to the latter’s nonmarket practices. Allegedly, China is flooding international markets with cheap products of good quality primarily […]
Why The Leading Elements Of The Establishment Survey In The Jobs Report Still Forecast Expansion

Why The Leading Elements Of The Establishment Survey In The Jobs Report Still Forecast Expansion

Continuing my catching up this week, let’s take a look in some further detail about why I didn’t think Friday’s jobs report portended recession – at least, not yet.As I always point out, the jobs report does contain some leading numbers. These are generally employment in more cyclical industries that, when they turn down, start […]
One Indicator Flashing Red: Stock Market Crash Ahead?

One Indicator Flashing Red: Stock Market Crash Ahead?

Image Source: Unsplash Yield Curve Could Be Signaling a Big Stock Market Crash What stock market crash?To the contrary, key stock indices are currently hovering close to all-time highs, investor sentiment is rosy, and there isn’t much bearishness out there.But investors beware: there’s one stock market crash indicator that’s flashing red.If this indicator’s pattern repeats itself, […]
Stock Market Rollercoaster: Analyzing The Recent Meltdown And Recovery

Stock Market Rollercoaster: Analyzing The Recent Meltdown And Recovery

Image Source: Unsplash The financial landscape experienced a seismic shift last week, reminiscent of hitting rumble strips on the interstate—jerking investors awake to the underlying economic dangers. Monday’s drastic stock market selloff, triggered by various catalysts, left investors reeling, though the panic seemed to abate by week’s end. But is everything truly back to normal, or was […]