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Occidental Stock At $50: Why It’s A No-Brainer Buy

Occidental Stock At $50: Why It’s A No-Brainer Buy

Photo by Timothy Newman on Unsplash Oil stocks are seeing a decline following an attack from Israel that killed four Iranian soldiers over the weekend.Investors’ concerns about global geopolitical instability and the broader repercussions for oil prices pushed Occidental Petroleum Corp (NYSE: OXY) down further to about $50 on Monday.Shares of the hydrocarbon exploration company have now lost more […]
Momentum Has Narrowed Again, Significantly

Momentum Has Narrowed Again, Significantly

Image Source: Pexels Market Commentary:Momentum has narrowed again, significantly. The Advance/decline on the NYSE flattened out, the Nasdaq is outright scary. The 52-week new-high/new-low numbers still look healthy for now. It is apple picking time in the Northeast. Successful farmers harvest and sell their goods. What is worse than spoiled fruit you cannot sell? There is tremendous […]
Oil Dragged 5% Lower As Dow Halts Losing Streak

Oil Dragged 5% Lower As Dow Halts Losing Streak

Mega caps drove stocks higher to start the week, with all three indexes marking solid gains. The Dow snapped a five-day losing streak, while the Nasdaq tried — but failed — to capture a new record peak. The S&P 500 recovered from its brief Friday pullback, with all eyes now on the incoming “Magnificent 7” earnings […]
Indices Gap Higher But Fail To Build On Opening

Indices Gap Higher But Fail To Build On Opening

It was a bit of a so-so day for markets. The Russell 2000 (IWM) had the best of the action as it negated a nasty bearish engulfing pattern from Friday, and now has a new opportunity to make a run at the $225-7 zone that delivered the October reversal. It will need an improvement in […]
Silver Vs U.S. Stock Indexes Says “Silver Is Cheap”

Silver Vs U.S. Stock Indexes Says “Silver Is Cheap”

This week, we’ll look at a few ratio charts of silver vs some major US stock indexes to see just how inexpensive silver remains against equities. The first chart of Silver/Nasdaq shows price as having traded within a channel going back to the 1980s. There are a couple fascinating elements to the chart: first, the resistance line of the […]
How A ‘Tense’ Election Could Influence Fed Rates

How A ‘Tense’ Election Could Influence Fed Rates

Image Source: Pexels Fed rate cuts: How fast and how far? Everyone expects more Fed rate cuts in the coming months, but the outcome of the US presidential election could influence their speed and depth. Of course, this is not the only conundrum policymakers are wrestling with.Video Length: 00:01:28More By This Author:The Commodities Feed: Israel Responds, […]
MicroStrategy stock hits new high as Bitcoin soars to $69,000

MicroStrategy stock hits new high as Bitcoin soars to $69,000

Key Takeaways MicroStrategy’s stock aligns closely with Bitcoin’s market performance, reaching new highs. The company holds over 252,000 BTC, influencing its market strategy and valuation. Share this article MicroStrategy (MSTR) stock just recorded a 25-year high of around $255 after US markets opened on Monday, according to data from Yahoo Finance. The surge came amid […]
Buckle Up For A Big Earnings Week

Buckle Up For A Big Earnings Week

Image Source: Pexels Enjoy the relative calm today, because we have a very busy week ahead. Five of the so-called “Magnificent Seven” stocks report over the course of this week (Alphabet (GOOG, GOOGL) on the 29th, Meta Platforms (META) and Microsoft (MSFT) on the 30th, and Apple (AAPL) and Amazon (AMZN) on the 31st[i]), while we […]
The Garbage Business

The Garbage Business

If you wake up really early like I do, you’ll discover parts of the underbelly of capitalism. For one thing, you’ll notice all the big trucks on the freeway delivering goods to retail locations ahead of the business day. For example, if you happen to be in a parking lot outside of a restaurant or […]
Who Sets The Prices For Goods?

Who Sets The Prices For Goods?

Image Source: Pexels Individuals are often presented as if a value scale is hard-wired in their heads. Allegedly, this value scale remains the same all the time. As a result, this value scale supposedly instructs individuals in the selection of goods. Were that the case, then it makes sense to attempt to extract this value scale […]