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GameStop Earnings Report: Is A Bull Run Possible For GME?

GameStop Earnings Report: Is A Bull Run Possible For GME?

Image Source: Pixabay GameStop’s stock, known for meme-driven volatility, awaits its quarterly results on September 4th. Despite a $9 billion market cap, the company’s outdated retail model faces challenges. A 10% same-store sales growth is needed for a turnaround, but current trends suggest this is unlikely. As GameStop Corporation (GME) prepares to release its quarterly earnings […]
Nvidia: The 800-Pound Gorilla In The Crowded Room

Nvidia: The 800-Pound Gorilla In The Crowded Room

Image Source: PixabayMARKETSU.S. stocks experienced a chippy session on Tuesday, but the Dow managed to notch another record close as investors tread cautiously ahead of Nvidia’s (NVDA) much-anticipated earnings report. This is the one that could either lift all boats or sink the entire fleet. With Nvidia holding a hefty 7% of the market cap weight, […]
Gold Price Clings Near All-Time Highs Amid Softer US Dollar

Gold Price Clings Near All-Time Highs Amid Softer US Dollar

Image Source: Unsplash Gold rises in risk-on setting, shrugging off robust US data as the US Dollar hits a 12-month low. Powell’s dovish remarks keep US Treasury yields stable, pressuring the US Dollar and boosting Gold. Focus shifts to upcoming core PCE and job data, crucial for Fed decisions; rate cut prospects bolster Gold. Gold prices […]
Rates Spark: We Can’t Extrapolate Current Price Action Too Long

Rates Spark: We Can’t Extrapolate Current Price Action Too Long

Image Source: Pixabay“Everything” is up. That can’t last. A new high in the gold price, in hindsight, may be looked back as a warning sign that we missed. Meanwhile, heavy supply drove bear steepening of the Bund curve. Friday’s data on eurozone inflation and unemployment will remind markets that the ECB’s easing path may not be as […]
Stocks And Precious Metals Charts – Behold Your Mothers

Stocks And Precious Metals Charts – Behold Your Mothers

Image Source: PixabayStocks were wobbling again today, with mixed results.VIX remains complacent relatively speaking.The Dollar fell.Gold and silver rose higher, but are still struggling with resistance.While the eyes of Wall Street are focused internally and on the Fed, the rest of the world watches as the merry pranksters of the State Department continue to provoke and […]
Nvidia’s Earnings Loom In The Summer Stock Snooze-Fest

Nvidia’s Earnings Loom In The Summer Stock Snooze-Fest

Image Source: PixabayTo the casual observer, stocks look to be drifting around on a Lazy River ride, but the truth is, they’re consolidating their recent gains. This is actually bullish price action.But you can sense the palpable anticipation of Nvidia’s (NVDA) earnings report, which hits tomorrow. In my view, the reaction could set the tone for […]
Economic Sentiment And Confidence In August

Economic Sentiment And Confidence In August

Image Source: PixabayConference Board’s Confidence Index exceeds consensus (103.3 > 100.9), with July index revised up. Here’re August readings for confidence, sentiment and news.Figure 1: University of Michigan Consumer Sentiment (blue, left scale), Conference Board Consumer Confidence (tan, left scale), both demeaned and normalized by standard deviation (for the displayed sample period); and Shapiro, Sudhof and Wilson (2020) Daily […]
Dow Jones Industrial Average Treads Water On Quiet Tuesday

Dow Jones Industrial Average Treads Water On Quiet Tuesday

Image Source: Unsplash The Dow Jones index softened on Tuesday after reaching fresh record highs this week. Mixed housing figures gave markets little to chew on as traders await rate cuts. US PCE print due at the end of the week marks a critical read on inflation. The Dow Jones Industrial Average (DJIA) was softer on […]
Fifty To One On Job Growth?

Fifty To One On Job Growth?

Image Source: PixabayBrad DeLong directed me to a tweet that contained this intriguing graph:If you polled 51 million Americans and found that 50 million supported X, whereas 1 million opposed X, that would be a highly significant survey. So what should we make of the fact that over the past 35 years, Democratic presidents have “created” (been […]
What’s In Store For NVIDIA ETFs In Q2 Earnings?

What’s In Store For NVIDIA ETFs In Q2 Earnings?

Image Source: PixabayAI leader NVIDIA (NVDA – Free Report) is set to release its fiscal second-quarter 2025 results after the market’s close on Aug. 28. The chipmaker has risen 18.7% over the past three months, outperforming the industry’s growth of 14.9%. The strong trend will continue if NVIDIA beats earnings estimates. ETFs having the largest allocation to NVIDIA will […]