November 2024 - Page 79 of 229 -

Nvidia Hit A $4 Trillion Market Valuation

Nov 20, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Nvidia as poised to become the first $4 trillion company, driven by its AI dominance. As the AI chipmaker prepares to report fiscal Q3 earnings, expectations are high for another standout performance. Analysts anticipate a $2 billion revenue beat and robust forward guidance, which could further solidify investor confidence.Wedbush highlights Nvidia’s leadership in […]

Sticky UK Services Inflation To Keep BoE Cutting Gradually (For Now)

Nov 20, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay Services inflation is set to bounce around 5% into the winter, while headline CPI could get close to 3% in January. That reduces the chance of a rate cut in December, but in the spring, we think there is still a good chance the Bank of England will accelerate its easing cycle.UK services inflation […]

Nvidia Earnings Today: Here’s What Wall Street Expects From World’s Most Valuable Company

Nov 20, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Nvidia’s Q3 revenue is expected to hit $33.2 billion, an 83% annual increase. Blackwell GPUs are fully booked for 12 months, spotlighting supply challenges. Energy reliability and potential Trump-era trade policies could shape growth. Nvidia has reached a historic valuation milestone, becoming the most valuable company in history with a market capitalization […]

GBP/JPY Gains A Lift After UK Consumer Price Data And Fall In Safe-Haven Flows

Nov 20, 2024 Jeremy Parkinson Finance, No picture 0

GBP/JPY trades higher by about two-thirds of a percent in the 197.30s on Wednesday, after the release of higher-than-expected UK inflation data cemented bets the Bank of England (BoE) will leave its key bank interest rate at a relatively high 4.75% at its December policy meeting, and take a gradual approach to cutting interest rates […]

GBP/USD Forecast: UK Inflation Surprise Briefly Lifts Pound

Nov 20, 2024 Jeremy Parkinson Finance 0

The GBP/USD forecast shows a better-than-expected reading for UK inflation, which has briefly boosted the pound. Meanwhile, the dollar remained steady after rallying in the previous session amid fears of an escalation in the Russia-Ukraine war.Data on Wednesday revealed that inflation in the UK rose by 2.3%, above estimates of a 2.2% increase. Moreover, it […]

TJX Beats Q3 Expectations, Reports $1.14 EPS On $14.1B Revenue

Nov 20, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The TJX Companies, Inc. (NYSE: TJX) reported a robust performance for the third quarter of Fiscal Year 2025, showcasing strong financial results that exceeded expectations. The company’s net sales reached $14.1 billion, marking a 6% increase compared to the same period in the previous fiscal year.This growth was driven by a 3% rise in consolidated […]

Basking In BTC Glory

Nov 20, 2024 Jeremy Parkinson Finance 0

S&P 500 offered a great intraday reversal yesterday, and now I‘ll present analysis I sent to clients before the opening bell – this will cast best light on how I was able to capture in intraday terms fine gains for them. Quoting yesterday‘s daily premium analytics alongside the chart given:(…) Sectorally, the encouraging bottoming signs are there, whether tech […]

MicroStrategy upsizes note offering to $2.6 billion to fund Bitcoin acquisition

Nov 20, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways MicroStrategy is increasing its notes offering to $2.6 billion for acquiring additional Bitcoin. The offering will close on November 21, 2024, with notes maturing on December 1, 2029. Share this article MicroStrategy has increased its offering of zero-interest convertible senior notes to $2.6 billion, up from the previously announced $1.75 billion, according to […]

Elliott Wave Technical Analysis: Salesforce Inc. – Wednesday, Nov. 20

Nov 20, 2024 Jeremy Parkinson Finance 0

CRM Elliott Wave Analysis Trading LoungeSalesforce Inc. (CRM) Daily ChartCRM Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor 3DIRECTION: Upside within 3.DETAILS: Looking for continuation higher into minor wave 3, as we stand above TL3 at 300$.Salesforce Inc. (CRM) 1H ChartCRM Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave {iv} of 3.DIRECTION: Bottom in wave {iv}.DETAILS: Looking for […]

USD/CHF Price Forecast: Extends Recovery Above 0.8850

Nov 20, 2024 Jeremy Parkinson Finance 0

USD/CHF recovers further above 0.8850 as the US Dollar bounces back strongly. Traders doubt whether the Fed will cut interest rates in December. USD/CHF finds a cushion near the 50% Fibo retracement around 0.8800. The USD/CHF pair extends its recovery above 0.8850 in the North American trading session on Wednesday. The Swiss Franc pair rises […]