November 2024 - Page 113 of 229 -

Production Turns More Negative

Nov 15, 2024 Jeremy Parkinson Finance 0

Industrial and manufacturing production slid further in October, by -0.3% and -0.5% respectively. They are also down respectively -1.2% and -1.8% from their late 2022 highs: It’s a good thing I suppose that manufacturing is no longer such an important part of the American economy, because as the below graph of the past 50 years […]

S&P 500 Earnings Dashboard 24Q3 – Friday, Nov. 15

Nov 15, 2024 Jeremy Parkinson Finance 0

S&P 500 Aggregate Estimates and Revisions 24Q3 Y/Y earnings are expected to be 8.8%. Excluding the energy sector, the Y/Y earnings estimate is 11.4%. Of the 460 companies in the S&P 500 that have reported earnings to date for 24Q3, 76.3% reported above analyst expectations. This compares to a long-term average of 66.9%. The 24Q3 Y/Y blended revenue growth estimate is 5.3%. If the energy sector is excluded, the […]

How To Day Trade The S&P 500, SPY, And Emini – Best Setup

Nov 15, 2024 Jeremy Parkinson Finance, No picture 0

This is my first time ever recording my favorite day trade setup, and I share it here for you to get an idea of how it works.Video Length: 00:09:31More By This Author:16% Rally Coming – Trump/Musk Win And What To Expect Next Bloodbath In Tech Stocks – Is This The End? Gold, Silver, And Stocks […]

Retail Sales Better Than Expected With Big Upward Revision

Nov 15, 2024 Jeremy Parkinson Finance 0

According to the Census Department Advance Estimate, retail sales rose 0.4 percent in October. Advance estimates of U.S. retail and food services sales for October 2024, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $718.9 billion, an increase of 0.4 percent (±0.5 percent) from the previous month, and up […]

Cloud Stocks: Amazon’s GenAI Grows Triple Digits

Nov 15, 2024 Jeremy Parkinson Finance 0

Photo Credit: simone.brunozzi/Flickr.com Amazon (Nasdaq: AMZN) recently announced its third-quarter results that beat market expectations driven by its growth in its cloud and advertising businesses. Amazon’s Financials Amazon’s third quarter revenues grew 11% to $158.9 billion, exceeding analyst estimates of $157.2 billion. Net income increased to $15.3 billion or $1.43 per share, compared with net income […]

Nvidia’s 13F Review: Holdings Nearly Doubled, APLD In Focus

Nov 15, 2024 Jeremy Parkinson Finance 0

Image courtesy of 123rf.com On Thursday, Nvidia (Nasdaq: NVDA) released its quarterly 13F portfolio filing for Q3 2024. Compared to the last quarter of 2023, the AI/GPU chipmaker’s holdings nearly doubled from $230 million to now $433 million.This is to be expected as in the latest earnings report on August 28th, ending July 2024, Nvidia reported holding $8.57 […]

Here’s What DOGE Means For Interest Rates

Nov 15, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Compared to election week, this one’s been rather quiet as markets digest the announcements of the new administration’s cabinet and policy objectives. Even though this market’s cycle is maturing, remember that, as a rule, any consolidation near the highs of a move tends to be bullish.By now, I’m sure you’re familiar with my […]

Business Cycle Indicators – Mid-November

Nov 15, 2024 Jeremy Parkinson Finance 0

Industrial and manufacturing production down at consensus rate (-0.3% m/m for both). Core retail sales +0.1% vs. consensus +0.3% m/m. First up, series followed by the NBER’s Business Cycle Dating Committee (personal income and employment are key): Figure 1: Nonfarm Payroll (NFP) employment from CES (blue), implied NFP from preliminary benchmark (bold blue), civilian employment (orange), […]

SEC Gensler reported to step down after Thanksgiving

Nov 15, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Gary Gensler is expected to step down as SEC Chair after Thanksgiving. Potential successors for the SEC chair position are being considered amid Trump’s upcoming inauguration. Share this article SEC Chair Gary Gensler is expected to step down voluntarily after Thanksgiving and depart in early January, ahead of Donald Trump’s inauguration, according to […]

Elon Musk rejected OpenAI’s ICO plan, lawsuit reveals

Nov 15, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Elon Musk rejected a proposal for an ICO by OpenAI co-founder Sam Altman in 2018. The lawsuit claims Musk was defrauded of donations and alleges OpenAI now controls 70% of the generative AI market. Share this article Elon Musk’s lawsuit against OpenAI has unveiled new details about the company’s early considerations for an […]