October 2024 - Page 24 of 244 -

Advanced Micro Devices Q3 Earnings And Revenues Surpass Estimates

Oct 29, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Advanced Micro Devices (AMD – Free Report) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.70 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.10%. A quarter ago, it […]

Dow Jones Utilities Rally Testing 2022 Highs, Cool Off Level Again?

Oct 29, 2024 Jeremy Parkinson Finance, No picture 0

↵Image Source: Unsplash Utilities stocks have been surging higher this year.Once thought of as a conservative hedge-like allocation for investors, Utilities have been performing like tech stocks of late.Can this rally continue?Today, we draw your attention to a long-term “monthly” price chart of the Dow Jones Utility Average to highlight a potential fork in the road.As you can […]

Google Jumps After Beating Across The Board

Oct 29, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay And they’re off.What until now was a solid, if not stellar earnings season, is about to go into overdrive as the tech giants report Q3 earnings, although unlike previous quarters, growth for the Magnificent 7 is expected to be far more subdued.So turning to the first true megacap to report earnings (after a […]

Grayscale starts the clock on SEC decision to convert GDLC fund to an ETF

Oct 29, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Grayscale moves closer to launching a multi-asset ETF on NYSE with GDLC fund. The ETF will comply with NYSE Arca Rule 8.800-E for asset custody and trading. Share this article Grayscale, through NYSE Arca’s recent filing, is moving to convert its Digital Large Cap Fund (GDLC) into an ETF, aiming to list and […]

Stocks Finish Mixed; Nasdaq Nabs Record High

Oct 29, 2024 Jeremy Parkinson Finance 0

After struggling for direction most of the day, stocks finished mixed, with the Dow failing to claw its way back above breakeven. The S&P 500 eked out a comfortable gain, while the tech-heavy Nasdaq enjoyed a triple-digit pop, record high, and fourth-straight daily win as Big Tech geared up for earnings. Alphabet (GOOGL), Advanced Micro Devices (AMD), and Snap […]

Macro Digest: Oil, Bitcoin, And Gold Trends ExplainedMacro Digest: Oil, Bitcoin, And Gold Trends Explained

Oct 29, 2024 Jeremy Parkinson Finance 0

Image courtesy of 123rf.com Ahead of the Federal Reserve’s interest rate cut in September by 50 basis points, to a new 4.75% – 5% range, the stock market experienced volatility. This was to be expected, as it is embedded into the policy shift that the economy needs a boost with cheaper capital and looser financial conditions. But […]

Cloud Stocks: ServiceNow Expands AI Use Cases

Oct 29, 2024 Jeremy Parkinson Finance 0

Photo Credit: Donny Gonzo / Flickr.com Earlier last week, ServiceNow (NYSE: NOW) reported its third quarter results that continues to surge past market expectations. However, a weak outlook for the coming quarters did not impress the market, and the stock fell 1% in the after-hours trading session. ServiceNow’s Financials For the third quarter of the year, ServiceNow’s […]

Russell 2000 Q3 2024 Earnings Preview: Earnings Growth Moderates When Health Care Is Excluded

Oct 29, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Earnings season is underway and we preview the Russell 2000 Q3 earnings season in granular detail, providing both aggregate and company-level insights using data from I/B/E/S, StarMine, and Datastream, which are all found in the desktop solution LSEG Workspace. Earnings Commentary According to analyst estimates, we expect brighter days are ahead for the Russell 2000 from an […]

It’s A Mega Earnings Week

Oct 29, 2024 Jeremy Parkinson Finance 0

The upcoming election is top of mind for most people right now, but investors first have mega-cap earnings to deal with this week.There are currently six $1+ trillion market cap companies in the US, and as shown below, they now have a combined market cap of more than $15 trillion.For comparison, at the market’s low […]

Softs Report – Tuesday, Oct. 29

Oct 29, 2024 Jeremy Parkinson Finance, No picture 0

COTTON General Comments: Cotton was lower yesterday as export demand remains weak and the US Dollar was strong. Trends are mixed in this market. China moved to lower interest rates again and there are hopes this move will help restart the economic engine there. Real estate has been the big problem there. There are still […]