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Stocks Pull Back, Head For Weekly Losses

Stocks Pull Back, Head For Weekly Losses

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

Broadcom Earnings Breakdown

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

Unlocking ASX Trading Success: Commonwealth Bank

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

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

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?

Salesforce Inc. (CRM) 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, 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

Trump team weighs options to eliminate key financial oversight regulator

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

Sensex Today Rallies 843 Points; Nifty Above 24,750

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 […]
Producer Price Index PPI Much Hotter Than Expected, Led By A Surge In Food

Producer Price Index PPI Much Hotter Than Expected, Led By A Surge In Food

Producer prices rose more than expected in November with upward revisions to October.The BLS report the Producer Price Index was rose 0.4 percent in November on top of an upward revision for October.PPI Final Demand Key Detail Month-Over-Month PPI: +0.4 Percent Services: +0.2 Percent Goods: +0.7 Percent Excluding Food and Energy: +0.2 Percent Food: +3.1 Percent Energy: […]
Sui expands its blockchain ecosystem with ESG backed RWA tokenization

Sui expands its blockchain ecosystem with ESG backed RWA tokenization

Key Takeaways Sui partnered with Ant Digital Technologies to tokenize ESG-backed real-world assets on its blockchain platform. Sui’s integration of real world asset tokenization is expected to expand investor access and drive platform growth. Share this article Sui formed a strategic partnership with Ant Digital Technologies to tokenize ESG-backed real-world assets on its blockchain platform, […]
Don’t Miss This Major Shift

Don’t Miss This Major Shift

S&P 500 had a hard time recovering from hot inflation and rising unemployment claims, not at all helped by bond auctions during the day. I had been clear about the data interpretation right away, summing it up some more during the day, warned about Russell 2000 again, and dipped the toes into S&P 500 longs intraday with […]