December 2024 - Page 47 of 149 -

Decoding Broadcom’s Quarterly Results: What It Signals For AI Growth

Dec 13, 2024 Jeremy Parkinson Finance 0

Image courtesy of 123rf.com Since the Broadcom (Nasdaq: AVGO) coverage mid-June, AVGO shares are up 27%. At that time, just ahead of the stock’s 10-for-1 split, we posited that Broadcom’s dual business model (data center/cybersecurity) is yet to yield significant gains for shareholders.Most recently on Thursday, Broadcom pleasantly surprised AVGO shareholders. Not only did Broadcom beat the […]

Ethereum: Analysts Eye $4,100 Target As ETH Reclaims Key Support Level

Dec 13, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Ethereum (ETH) has seen a significant 4.7% recovery in the last 24 hours, reclaiming a crucial support zone. This performance has fueled a bullish sentiment among some market watchers, who consider the cryptocurrency to break above a key resistance level in the coming days. Ethereum Reclaims Key Support Nearly a week ago, Ethereum […]

FTSE Flat As GDP Miss Spooks Investors

Dec 13, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels The UK economy contracted unexpectedly for the second consecutive month in October, just ahead of the new government’s initial budget announcement. Analysts surveyed by Reuters had predicted a 0.1% growth for October. Reeves’ budget announcement on October 30, which will directly influence GDP figures starting in November, introduced significant tax hikes for businesses. […]

Stocks Pull Back, Head For Weekly Losses

Dec 13, 2024 Jeremy Parkinson Finance 0

Stocks pulled back sharply from their premarket gains. The Nasdaq Composite (IXIC) turned a triple-digit lead into an 40-point deficit, while the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are inching just below fair value — the blue chip index flirting with a seventh consecutive daily loss. At this point, all three major […]

Broadcom Earnings Breakdown

Dec 13, 2024 Jeremy Parkinson Finance 0

Broadcom (AVGO) reported EPS of $1.42 for the latest quarter, beating estimates of $1.39. The company has beat earnings expectations for the last 8 quarters. Earnings results came in 2.2% above street expectations, which is above the 8 quarter average (orange line) of 1.9%, and greater than last quarters 1.6% earnings beat. The beat rate […]

Unlocking ASX Trading Success: Commonwealth Bank

Dec 13, 2024 Jeremy Parkinson Finance 0

ASX: COMMONWEALTH BANK OF AUSTRALIA. – CBA Elliott Elliott Wave Technical Analysis TradingLoungeGreetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with COMMONWEALTH BANK OF AUSTRALIA. – CBA. We see ASX:CBA preparing to move up with a ((v))-navy wave.ASX: COMMONWEALTH BANK OF AUSTRALIA. – CBA 1D Chart (Semilog Scale) AnalysisFunction: Major trend (Minor degree, […]

Fed signals one more rate cut in December, CME tool shows 96.9% probability

Dec 13, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways The Federal Reserve is likely to implement a quarter-point rate cut in December with a 96.9% probability. Bitcoin has remained resilient and maintains trading levels above $100,000 amid monetary policy changes. Share this article The Federal Reserve is expected to implement a quarter-point rate cut at its upcoming December meeting, lowering the benchmark […]

Salesforce Inc. (CRM) DCF Valuation: Is The Stock Undervalued?

Dec 13, 2024 Jeremy Parkinson Finance 0

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, Salesforce Inc (CRM). ProfileSalesforce, Inc. is an American cloud-based software company headquartered in San Francisco, […]

Trump team weighs options to eliminate key financial oversight regulator

Dec 13, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Trump’s team is considering restructuring financial regulatory bodies, potentially eliminating the FDIC. Major changes to federal bank regulators would require congressional approval, which is historically difficult to obtain. Share this article President-elect Donald Trump’s transition team is exploring a major restructuring of financial regulatory agencies, including potentially abolishing the Federal Deposit Insurance Corporation […]

Sensex Today Rallies 843 Points; Nifty Above 24,750

Dec 13, 2024 Jeremy Parkinson Finance 0

After opening the day lower, Indian benchmark indices staged a remarkable comeback in the second half as the session progressed and ended the day on firm footing.Benchmark equity indices ended the week’s last trading day in positive territory.At the closing bell, the BSE Sensex stood higher by 843 points (up 1%).Meanwhile, the NSE Nifty closed higher by 219 points […]