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GBP/USD Price Forecast: Gained Modestly After Hitting Record High Above 1.3300

GBP/USD Price Forecast: Gained Modestly After Hitting Record High Above 1.3300

Image Source: Unsplash The GBP/USD currency pair hit resistance at 1.3340 on Friday and formed a potential ‘shooting star’ candlestick, signaling the potential of further losses. Key support was seen at the 1.3250 mark. Additional levels include 1.3239, 1.3200, and the July 14 peak at 1.3142. On the upside, the GBP/USD pair would have to reclaim the 1.3300 level to retest the year-to-date high of […]
Stocks Make Record Highs: 3 Top Buys For The Next Bull Run

Stocks Make Record Highs: 3 Top Buys For The Next Bull Run

Image: BigstockAs the stock market reaches new record highs, investors are searching for the next set of winners to ride the wave of momentum into the next bull run. With a combination of strong fundamentals, top Zacks Ranks, and solid growth potential, a few stocks stand out from the crowd.Among them are HCA Healthcare (HCA – Free Report), Fortinet (FTNT – Free Report), […]
A Difficult Market Until October

A Difficult Market Until October

Image Source: PixabayThe SPX index hit a new all-time high on Thursday, but it then closed well off its high. Following that, the index was indecisive on Friday. So, the breakout wasn’t the best, and combined with the nervousness surrounding the election, I’m thinking that the market will continue to be difficult until the end of October.The PMO index is […]
Week In Review: Nippon Shinyaku Signs $735 Million Deal For DMD Therapy

Week In Review: Nippon Shinyaku Signs $735 Million Deal For DMD Therapy

Image Source: Pixabay Deals and Financings Japan’s Nippon Shinyaku (NPPNY) will acquire European rights for a Duchenne muscular dystrophy disease therapy developed by Capricor Therapeutics of San Diego (CAPR) (see story). The agreement comes as no surprise: Nippon Shinyaku has previously signed similar deals for the candidate in the US and Japan.Capricor’s lead asset, deramiocel, consists of […]
The Home Depot, Inc. Valuation: Is The Stock Undervalued?

The Home Depot, Inc. Valuation: Is The Stock Undervalued?

Image Source: PixabayAs part of an ongoing series, each week we typically conduct an analysis on one of the companies in our screens. This week, we will take a look at one of the stocks on our screens that has been making notable movements: The Home Depot, Inc. (HD). Profile Home Depot is the world’s largest home improvement specialty retailer, […]
Week Ahead: Did The Fed’s Rate Cut Signal A Near-Term Low In US Rates?

Week Ahead: Did The Fed’s Rate Cut Signal A Near-Term Low In US Rates?

Image Source: UnsplashThe Federal Reserve kicked off its easing cycle with a 50 bp rate cut on Sept. 18. It is the seventh G10 central bank to cut rates this year. Japan seems to be going in the other direction, albeit slowly. Norway’s central bank says they do not expect a rate cut this year, but they may be more […]
Why I’m Looking At Boston Omaha

Why I’m Looking At Boston Omaha

Image Source: UnsplashAs I write this, I’m preparing for a trip to Omaha, Nebraska. Today, I’ll tell you why I’m going and what I intend to do while I’m there. But first, a few notes.Let’s talk about the Fed decision. The decision has been made. The details have been publicized. After weeks and months of speculation, […]
Truth Media Down

Truth Media Down

Image Source: PixabayHere’s a stock that’s been in the news a lot this week. I’ll simply point out that over the past six months, it has lost about 80% of its value. Its trajectory for the next eight weeks will certainly be intriguing.More By This Author:The Broad Rate DownturnMegatrendsAbsolutely, Positively
Masters In Trading – Saturday, Sept. 21

Masters In Trading – Saturday, Sept. 21

Image source: PixabayIn this video, I take a closer look at the week’s notable events and discuss what to watch for in the coming week.00:22:00More By This Author:Masters In Trading – Saturday, Sept. 14Masters In Trading – Saturday, Sept. 7Masters In Trading – Saturday, Aug. 31
Wall Street’s Top 10 Stock Calls This Week – Saturday, Sept. 21

Wall Street’s Top 10 Stock Calls This Week – Saturday, Sept. 21

Image Source: PixabayWhat has Wall Street been buzzing about this week? Here are the top 5 buy calls and the top 5 sell calls made by Wall Street’s best analysts during the trading week of Sept. 16-20, 2024. First, here are the top 5 buy calls of the week. 1. Nvidia Initiated With an Outperform at William […]