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Dow, Nasdaq Up Triple Digits As Bond Yields Cool

Dow, Nasdaq Up Triple Digits As Bond Yields Cool

The Dow Jones Industrial Average (DJI) and Nasdaq Composite (IXIC) are maintaining their triple-digit leads this afternoon. The former is looking to snap a three-day losing streak and secure its first win of the second quarter, while the latter is getting a boost from large-cap tech stocks, especially as the 10-year Treasury yield takes a breather. […]
Pound Sterling Is At Fresh Two-Week Lows Testing The 1.2675 Resistance Area

Pound Sterling Is At Fresh Two-Week Lows Testing The 1.2675 Resistance Area

Photo by Colin Watts on Unsplash  GBP/USD is at fresh two-week lows testing the 1.2675 resistance area The Sterling is building up bullish momentum on Thursday, buoyed by a favorable market sentiment, which is weighing on the safe-haven US Dollar. Data from the US Labor Department revealed that Jobless Claims increased by 222K in the last week of […]
Russell 2000 Earnings Dashboard 24Q1

Russell 2000 Earnings Dashboard 24Q1

Image Source: Unsplash Russell 2000 Aggregate Estimates and Revisions The 24Q1 Y/Y blended earnings growth estimate is -11.5%. If the energy sector is excluded, the growth rate for the index is -2.5%. Of the 18 companies in the Russell 2000 that have reported earnings to date for 24Q1, 66.7% reported above analyst expectations. The 24Q1 Y/Y blended revenue growth estimate is -1.2%. If the energy sector is excluded, the growth rate for […]
This Market Is Going Vertical

This Market Is Going Vertical

Image Source: Unsplash The market’s going vertical… like Superman late for a dinner date on Krypton. And you can guess who’s to thank… yep, our electronic pals: Wall Street’s algos.So you can’t go long as a position trader because the risk/reward is lethal. And it’s too early to go short. So where can we find opportunities […]
HubSpot Shares Hit New 52-Week High Amid Alphabet Acquisition Rumors

HubSpot Shares Hit New 52-Week High Amid Alphabet Acquisition Rumors

Image courtesy of 123rf.com Alphabet Inc. (Nasdaq: GOOG), Google’s parent company, is rumored to be exploring the possibility of acquiring HubSpot (NYSE: HUBS), a leading online marketing software company with a current valuation of $32 billion. Alphabet Inc. Could Make an Offer to Buy Hubspot According to reports citing sources close to the matter, Alphabet has consulted with […]
Everyone Expecting Rate Cuts; Are They Necessary?

Everyone Expecting Rate Cuts; Are They Necessary?

Image Source: Pexels  “Davidson” submits: Every firm is expecting rate cuts anticipating a recession but there is no recession in sight. The question is with so many on the same side of the ledger, “What occurs once no recession becomes apparent?” The tables below show only modest adjustments to rate cut expectations with the PMI rising […]
Bull Of The Day: Xenia Hotels

Bull Of The Day: Xenia Hotels

Xenia Hotels & Resorts, Inc. (XHR) is seeing normalization in lodging demand after several years of volatility during the pandemic. This Zacks Rank #1 (Strong Buy) is expected to grow earnings in 2024.Xenia Hotels & Resorts is a REIT that specializes in luxury and upper upscale hotels and resorts. It owns 32 hotels comprising 9,514 rooms […]
Outlook For Silver Prices: $75.00/Ounce Silver Could Become Reality

Outlook For Silver Prices: $75.00/Ounce Silver Could Become Reality

Image Source: Pixabay  This Ratio Says Silver Prices Could Double or MoreGold prices have been making record highs lately. The yellow precious metal surged past $2,200 an ounce, and it looks like it could go a lot higher. In the midst of this, don’t ignore silver prices. The gray precious metal has been lagging a bit, […]
Solana On The Way Towards All-Time Highs?

Solana On The Way Towards All-Time Highs?

Solana with ticker SOLUSD remains nicely bullish as expected from technical point of view and from Elliott wave perspective. Looks like it’s still trading in an extended wave »v« of 3 with room for more gains, maybe even straight back to all-time highs. Currently we are tracking a lower degree consolidation within a bullish triangle […]
Decline In Continuing Claims, Stability In Initial Claims Suggest Downward Pressure On The Unemployment Rate

Decline In Continuing Claims, Stability In Initial Claims Suggest Downward Pressure On The Unemployment Rate

Initial claims in the last week rose 9,000 to 221,000, while the four-week moving average increased 2,750 to 214,250. With the usual one-week lag, continuing claims declined 19,000 to 1.791 million:On the more important YoY% basis for forecasting purposes, initial claims are up 2.3%, while the four week average is down -4.5%. Continuing claims are […]