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From Volatility To Opportunity: Key Stocks Poised To Shine Today

From Volatility To Opportunity: Key Stocks Poised To Shine Today

Macro Review: A Market in Correction ModeThe U.S. equity markets are showing signs of correction, as evidenced by key indices like SPY, QQQ, and IWM breaking below critical support levels. The S&P 500 (SPY) and NASDAQ-100 (QQQ) are mirroring each other, with the latter showing vulnerabilities near its DMA. Meanwhile, the Russell 2000 (IWM) has […]
Bitcoin reserves on exchanges reach a 6-year low

Bitcoin reserves on exchanges reach a 6-year low

Key Takeaways Bitcoin reserves on exchanges have dropped to 2.3 million, the lowest level since November 2018. Data from CoinGlass shows $2.7B in weekly outflows and $7.58B in monthly outflows as confidence in Bitcoin grows with ETFs now holding 1 million BTC. Share this article Bitcoin reserves on exchanges have fallen to their lowest level […]
Solana Is Extending The Rally As Expected; New All-Time Highs Soon?

Solana Is Extending The Rally As Expected; New All-Time Highs Soon?

e want to update Solana with ticker SOLUSD chart from August 08, where we mentioned and highlighted a correction within an ongoing five-wave bullish impulse towards the all-time highs area. We talked about subwave 4 correction that can send the price higher for wave 5 of (3).SOLUSD Daily Chart From August 08As you can see […]
Unlocking ASX Trading Success – Westpac Banking Corporation

Unlocking ASX Trading Success – Westpac Banking Corporation

ASX: WESTPAC BANKING CORPORATION – WBC Elliott Elliott Wave Technical Analysis TradingLoungeGreetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with WESTPAC BANKING CORPORATION – WBC. We see WBC.ASX could be rising with wave iii-grey of wave (v)-orange.ASX: WESTPAC BANKING CORPORATION – WBC 1D Chart (Semilog Scale) AnalysisFunction: Major trend (Minute degree, green)Mode: MotiveStructure: […]
New York anti-crypto stance softens as regulatory tide turns

New York anti-crypto stance softens as regulatory tide turns

Key Takeaways Manhattan federal prosecutors will reduce focus on crypto-related crimes after major convictions. Scott Hartman announced decreased focus on crypto cases by the Southern District of New York. Share this article Manhattan federal prosecutors will reduce their focus on crypto-related crimes following several major convictions, a senior prosecutor told Reuters today.Scott Hartman, co-chief of […]
Hormel Foods Corp. Dividend Stock Analysis

Hormel Foods Corp. Dividend Stock Analysis

Image Source: Unsplash  Linked here is a detailed quantitative analysis of Hormel Foods Corp. (HRL). Below are some highlights from the above linked analysis:Company Description: Hormel Foods Corp. is a multinational manufacturer and marketer of consumer-branded food and meat products.Fair Value: In calculating fair value, I consider the NPV MMA Differential Fair Value along with these four calculations of fair […]
Asia Week Ahead: A Quiet Week On The Cards

Asia Week Ahead: A Quiet Week On The Cards

Image Source: Pixabay  China’s loan prime rates, Taiwan’s export orders and unemployment orders, Japan’s headline inflation data, and Indonesia’s BI rate will be in focus throughout a quieter week across Asia.  China: No changes for loan prime rates in a quiet week aheadIt’s a quiet week ahead for China. The loan prime rates will be announced […]
Senator Lummis files ‘Bitcoin Act of 2024’ bill proposing a US strategic BTC reserve

Senator Lummis files ‘Bitcoin Act of 2024’ bill proposing a US strategic BTC reserve

Key Takeaways The Bitcoin Act of 2024 proposes a US Strategic Bitcoin Reserve to strengthen the dollar and maintain crypto leadership. The proposal includes acquiring 1 million Bitcoins over five years and using Federal Reserve remittances to fund the program. Share this article Senator Cynthia Lummis has introduced the Bitcoin Act of 2024, which is […]
Lockheed Martin Corp (LMT) DCF Valuation: Is The Stock Undervalued?

Lockheed Martin Corp (LMT) DCF Valuation: Is The Stock Undervalued?

As part of a new series, each week we typically conduct a DCF on one of the companies in our screens. This week we thought we’d take a look at one of the stocks that is not currently on our screens, Lockheed Martin Corp (LMT).  ProfileLockheed Martin is the world’s largest defense contractor and has […]
US Retail Sales ‘Control Group’ Unexpectedly Tumbled In October After Huge ‘Seasonal Adjustment’

US Retail Sales ‘Control Group’ Unexpectedly Tumbled In October After Huge ‘Seasonal Adjustment’

If the omniscient chaps at BofA are right, the soft landing narrative is about to crash as they forecast a well below consensus tumble in retail sales this morning…Source: BofA…but notably this is mainly due to seasonals, apparently. Seasonal adjustments are likely to impact the October retail sales report. The Census Bureau’s projected seasonal factor (SF) for October 2024 […]