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Clinical-Stage BioTech Drug Stocks Portfolio Went Down 9% Last Week

Apr 23, 2024 Jeremy Parkinson Finance 0

Image Source: Unsplash An Introduction This article highlights the 10 clinical-stage AI-powered (designated with *) and psychedelic compound-based (designated with **) small cap ($400M to $2.0B) drug discovery companies in the munKNEE Clinical-Stage BioTech Drug Stocks Portfolio, their stock performances last week and so far in April (MTD), and their areas of focus. **GH Research (GHRS): […]

Bitcoin covenants are coming — OP_CAT gets formally introduced as BIP-420

Apr 23, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

The OP_CAT covenant proposal has been formally introduced as “BIP-420,” with the aim of enabling smart contracts, secure bridges, and on-chain trading on the Bitcoin network. introducing BIP-420: formal Bitcoin Improvement Proposal for OP_CAT it’s a historic day! today, after a long wait, the OP_CAT proposal formally received a BIP number. meet BIP-420! BIP-420 enables […]

Bitcoin Halving Event Bolsters Resilience Amid Market Fluctuations

Apr 23, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Bitcoin (BTC) witnessed a modest decrease over the past week, closing at approximately $65,000, down 1.1% from $65,650 the previous week.The cryptocurrency experienced a significant dip mid-week, dropping below $60,000, but recovered strongly in the latter half, settling close to its opening value. Challenges in the ETF market This period also saw stagnant demand for Bitcoin […]

Tesla Stock Sees Slight Gains As Market Awaits Q1 Results

Apr 23, 2024 Jeremy Parkinson Finance 0

Image courtesy of 123rf.com Tesla Inc. (Nasdaq: TSLA) shares experienced a modest uptick Tuesday, rising 2.17% to $145.13 at the time of writing, as investors eagerly await the electric vehicle maker’s first-quarter earnings report. The company is expected to face significant challenges, with analysts projecting a decrease in profitability and the worst overall sales since the third quarter of […]

Dow, Nasdaq Up Triple Digits Midday

Apr 23, 2024 Jeremy Parkinson Finance 0

The Dow Jones Industrial Average (DJI) and Nasdaq Composite (IXIC) are both sporting hefty triple-digit leads this afternoon — the former on track for a fourth-straight win — while the S&P 500 Index (SPX) is comfortably higher as well.Wall Street has plenty of earnings reports and economic data to unpack, with home sales rising more than expected […]

FTSE Finally Breaks Record Highs Before Pausing

Apr 23, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels The FTSE 100 has reached a record high, reflecting the global forces driving commodity prices rather than the performance of the British economy. Despite lagging behind other major indices due to Brexit uncertainty, the calm political situation and stable finances in the UK are turning the tide. The Bank of England’s potential to […]

Corporate Bond ETFs HYG And JNK Suffer Outflows Amid Fed Jitters

Apr 23, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Investors are dumping corporate Exchange Traded Funds (ETFs) as signs emerge that the Federal Reserve will maintain higher rates for longer because of the stubbornly high inflation in the US.Data by ETF.com shows that the iShares iBoxx USD High Yield Corporate Bond ETF (IYG) has shed over $2.2 billion this month, reversing the gains it […]

Metal Rally Pauses For Air

Apr 23, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash It’s been a breathtaking rally for precious metals so far this year. Gold peaked at USD $2431/oz, up 16%, while silver reached $29/oz, marking an impressive 26% increase for the year at its 2024 high. Both metals finally took a breather on Monday, declining by 3% and 5%, respectively.Following a prolonged and nearly […]

New Home Sales Rise 8.8 Percent After 3.8 Percent Negative Revision

Apr 23, 2024 Jeremy Parkinson Finance 0

New home sales by Census Bureau, chart by Mish New Residential ConstructionThe Census Department released a heavily revised New Residential Construction report for March this morning. New Home Sales: Sales of new single-family houses in March 2024 were at a seasonally adjusted annual rate of 693,000 This is 8.8 percent (±17.2 percent) above the revised February rate […]

S&P 500 Earnings Dashboard 24Q1 – Tuesday, April 23

Apr 23, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels S&P 500 Aggregate Estimates and Revisions The 24Q1 Y/Y adjusted blended earnings growth estimate is 6.0%. If the energy sector is excluded, the growth rate for the index is 5.6%. Please note that the 24Q1 consensus estimate for Bristol Myers Squibb reflects an approximate $12 billion one-time charge related to its acquisition of Karuna Therapeutics. When […]