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Caught Between Rising Unemployment And A High Cost Of Living

Caught Between Rising Unemployment And A High Cost Of Living

Photo by Michelle Spollen on Unsplash This morning, we learned that Canada’s unemployment rate rose to 6.8% in November, the highest since September 2021 and January 2017. It is now up 200 basis points (bps) from the cycle low of 4.8% in June 2022 and has never increased this much outside of a recession. Of the 50,000 new […]
As Bitcoin Trades Above $100K – Analysts Reveal What Could Be Next

As Bitcoin Trades Above $100K – Analysts Reveal What Could Be Next

Image Source: Unsplash Bitcoin has achieved a major milestone, trading at six-figure levels for the first time since its inception. On Thursday, the cryptocurrency reached a new all-time high of $103,679, marking a year-to-date surge of over 140% and pushing its market capitalization above $2 trillion.This achievement has reignited enthusiasm within the investor community, solidifying Bitcoin’s position as […]
This Is The New Emerging Market Economy

This Is The New Emerging Market Economy

Image Source: Pexels If you were around for my live session here at TheoTrade on Thursday, you heard me discuss how the U.S. has grown to account for nearly 65% of the value of the global stock market.Emerging and international markets have been left behind in the dust, and with the U.S. dollar reasserting its dominance […]
MicroStrategy’s Stock Up 550% In 2024 Amid Bitcoin’s Massive Rally

MicroStrategy’s Stock Up 550% In 2024 Amid Bitcoin’s Massive Rally

Image courtesy of 123rf.com MicroStrategy (Nasdaq: MSTR) has experienced a remarkable increase in its stock value over the past two years, largely attributed to its substantial investment in Bitcoin (BTC). The company’s shares have climbed by 550% in 2024, following an impressive 350% rise in 2023. This growth reflects a 2,800% increase over the two-year span, underscoring […]
Consolidated Edison, Inc. (ED) Dividend Stock Analysis

Consolidated Edison, Inc. (ED) Dividend Stock Analysis

Image Source: Unsplash  Linked here is a detailed quantitative analysis of Consolidated Edison, Inc. (ED). Below are some highlights from the above linked analysis:Company Description: Consolidated Edison, Inc. is an electric and gas utility holding company that serves parts of New York, New Jersey, and Pennsylvania.Fair Value: In calculating fair value, I consider the NPV MMA Differential Fair Value along […]
Cloud Stocks: Salesforce Cashes In On The Agentic AI Market

Cloud Stocks: Salesforce Cashes In On The Agentic AI Market

Photo Credit: City of Indianapolis | Mayor’s Office /Flickr.com Salesforce (NYSE: CRM) recently announced its third quarter results that beat the market expectations and sent the stock climbing 12%. According to a recent report, agentic AI is expected to reach $31 billion in 2024, with a potential to grow at 32% CAGR. Salesforce’s Agentforce offering is already […]
Similarweb – Data Analytics Expert

Similarweb – Data Analytics Expert

Image Source: Unsplash Summary Similarweb shows strong technical buy signals, with a 41.81% gain since 11/7 and a 163.18% gain in the last year. The company offers comprehensive digital intelligence solutions across various sectors, including retail, finance, and media, with significant revenue and earnings growth expected. Analysts provide strong buy ratings with a consensus price target […]
S&P 500, Nasdaq Notch Record Highs, Head For Weekly Wins

S&P 500, Nasdaq Notch Record Highs, Head For Weekly Wins

Stocks are a mixed bag to end the week as investors unpack this morning’s key employment data, which showed nonfarm payrolls of 227,000 beating expectations of 214,000. The Dow Jones Industrial Average (DJI) is modestly lower and on track a weekly loss, while the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) hit record highs as […]
S&P 500 Earnings Dashboard 24Q3 – Friday, Dec. 6 
                    
S&P 500 Aggregate Estimates and Revisions

S&P 500 Earnings Dashboard 24Q3 – Friday, Dec. 6 S&P 500 Aggregate Estimates and Revisions

S&P 500 Aggregate Estimates and Revisions 24Q3 Y/Y earnings are expected to be 9.0%. Excluding the energy sector, the Y/Y earnings estimate is 11.7%. Of the 494 companies in the S&P 500 that have reported earnings to date for 24Q3, 76.1% 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 […]
Unlocking ASX Trading Success – BHP Group Limited

Unlocking ASX Trading Success – BHP Group Limited

ASX: BHP GROUP LIMITED – BHP Elliott Elliott Wave Technical Analysis TradingLoungeGreetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with BHP Group Limited – BHP. We see that ASX:BHP has just completed wave ((ii))-navy, wave ((iii))-navy may be unfolding to push higher.ASX: BHP Group Limited – BHP 1D Chart (Semilog Scale) AnalysisFunction: Major […]