October 2024 - Page 4 of 244 -

Carvana Stock: It’s Time You Moved To The Sidelines

Oct 31, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels Carvana Co (NYSE: CVNA) has had a stunning journey from near bankruptcy all the way up to expectations of more than $1.2 billion in adjusted EBITDA this year.Shares of the online used car retailer are up another 20% this morning after coming in handily above Street estimates for profit and revenue in its […]

Here’s What Wall Street Is Saying About Amazon Ahead Of Earnings

Oct 31, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Amazon (AMZN) is scheduled to report results for its third quarter of 2024 after the market close on Thursday, October 31, with a conference call scheduled for 5:00 pm ET. Here’s what to watch for: EXPECTATIONS: During the company’s last earnings call, Amazon said it saw Q3 revenue in the range of $154B-$158.5B, or to grow […]

Russell 2000 Earnings Dashboard 24Q3 – Thursday, Oct. 31

Oct 31, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Russell 2000 Aggregate Estimates and Revisions The 24Q3 Y/Y blended earnings growth estimate is 30.0%. If the energy sector is excluded, the growth rate for the index is 63.0%. Of the 605 companies in the Russell 2000 that have reported earnings to date for 24Q3, 60.8% reported above analyst expectations. The 24Q3 Y/Y blended revenue growth estimate is 0.8%. If the energy sector is excluded, the growth rate for […]

A Spooky End To The Month; Looking To AAPL And AMZN

Oct 31, 2024 Jeremy Parkinson Finance 0

This morning, Halloween is bringing tricks, not treats to many investors.The S&P 500 (SPX) seemed set to extend its monthly winning streak to six, but it seems to be choking – just like my Yankees did last night.Yes, I’m tired and cranky after a lousy night in the Bronx, but even though I can’t be […]

It’s ‘Time To Be Bullish On Ethereum’ As ETH Retests $2,700

Oct 31, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay On Wednesday, Ethereum (ETH) surged above the $2,700 mark for the first time in over a week, sparking a bullish sentiment among several crypto analysts. Some suggested that the second-largest cryptocurrency will soon break from the next resistance level and reclaim the $3,000 mark. Ethereum Retests $2,700 Ethereum surged above a key resistance […]

Florida holds ‘$800 million in crypto-related investments,’ says state CFO

Oct 31, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Florida holds $800 million in crypto investments according to Florida’s CFO. Bitcoin may become an investment option for Florida’s state pension funds. Share this article Jimmy Patronis, Florida’s CFO, stated that the state holds $800 million in crypto-related investments and is exploring further expansion into digital assets. The CFO said he “would not […]

Apple Earnings Tonight: Everything You Need To Know

Oct 31, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Date: 10/31/2024, After Market Close IntroductionAs the world’s biggest company, worth $3.5 trillion, Apple’s (AAPL) Q4 earnings are a big deal for the tech world and broader market. Investors are looking at revenue growth, new AI features for iPhones, and how Apple is holding up against competition in China. Let’s dive into what to […]

Real Spending Rises 0.4 Percent, Real Disposable Income Up 0.1 Percent

Oct 31, 2024 Jeremy Parkinson Finance 0

The BEA’s Personal Income and Outlays report for September shows real (inflation-adjusted) disposable personal income rose 0.1 percent but real spending rose 0.4 percent.To arrive at real numbers, subtract the PCE price index spending and income. Rounding yields a slightly higher than expected number of real spending.Personal Income Personal income increased $71.6 billion (0.3 percent at a […]

Reiterating Uber $1 Trillion

Oct 31, 2024 Jeremy Parkinson Finance 0

Nine months ago I made the bold prediction that UBER (UBER) will one day be a $1 trillion company. Today I want to reiterate that call in wake of their 3Q24 earnings report out this morning which has caused the shares to decline 6% in the premarket.The report was excellent but perhaps Wall Street took issue […]

Trump’s crypto project cuts WLFI token sale target from $300M to $30M amid low demand

Oct 31, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways World Liberty Financial reduced its WLFI token sale target from $300 million to $30 million due to weak demand. DT Marks DEFI LLC, associated with Donald Trump, will receive earnings only after World Liberty Financial reaches the $30 million goal. Share this article Donald Trump’s crypto project, World Liberty Financial, has reduced its […]