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Perception Vs Reality: How Healthy Is The Stock Market Really?

Mar 26, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash David and I start off our market discussion by talking about the overall perception that the markets keep going up. Is this sense of complacency dangerous? If we peel back the layers, what does technical analysis actually tell us?Video Length: 00:34:00More By This Author:Stock Market On Last Leg Higher With Precious Metals Confirming […]

Progress Software To Report Q1 Earnings: Analysts Anticipate $1.14 EPS

Mar 26, 2024 Jeremy Parkinson Finance 0

Image courtesy of 123rf.com Progress Software Corporation (Nasdaq: PRGS), a leading provider of application development and digital experience technologies, will release its first-quarter earnings report after the market closes on March 26, 2024. The company’s performance will be closely watched by investors and analysts alike as it navigates the tech industry’s ongoing challenges and opportunities. Analysts Expect […]

Reddit Stock Price Forecast: New Street Sees 20% Downside

Mar 26, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Reddit Inc (NYSE: RDDT) is a fairly risky investment now that its trading at double the price at which it IPO-ed, as per a New Street Research analyst. Reddit stock could tank to $54 Dan Salmon assumed coverage of RDDT this morning with a “neutral” rating. His $54 price objective suggests about a 20% downside […]

Commodities Open Interest Rising. The Corn & Ethanol Report

Mar 26, 2024 Jeremy Parkinson Finance, No picture 0

We kicked off the day with Durable Goods Orders MoM, Durable Goods Orders ex Defense MoM, and Non Defense Goods Orders Ex air at 7:30 A.M., Redbook YoY at 7:55 A.M., S&P/Case-Shiller Home Price Index MoM & YoY, House Price Index, and House Price Index at 8:00 A.M., CB Consumer Confidence, Richmond Fed Manufacturing Index, […]

FTSE Inches Higher After A Soft Start In A Slow Session

Mar 26, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels The FTSE 100 of the UK slightly increased on Tuesday by 0.07% reversing early losses, with mining stocks weighing it down, as conflicting statements from U.S. monetary policymakers sparked worries about the Federal Reserve’s interest rate projections. Industrial metal mining companies dropped by 1.1%, reflecting the decline in base metal prices. Federal Reserve […]

Wall Street Attempts To Resume Record-Setting Rally

Mar 26, 2024 Jeremy Parkinson Finance 0

Stocks are slightly higher by midday Tuesday, as Wall Street attempts to resume its record-setting rally. For the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX), this run higher was cut short by back-to-back losses, though both benchmarks are notably higher this afternoon, while the Nasdaq Composite (IXIC) is on track for its […]

Softs Report – Tuesday, March 26

Mar 26, 2024 Jeremy Parkinson Finance, No picture 0

Photo by Marianne Krohn on Unsplash CottonGeneral Comments: Cotton was a little higher yesterday as ideas of weaker export demand went against improving ideas of demand potential from China. It is too early to plant in Texas but the heat and dry weather raises concerns about production potential later in the growing season and blackened […]

Cloud Stocks: Analysis Of Zscaler’s Avalor Acquisition

Mar 26, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Cloud security provider Zscaler (Nasdaq: ZS) recently reported its quarterly performance that outpaced market expectations. The company is focusing on AI as its growth engine and recently announced an acquisition in the space as well. Zscaler’s FinancialsRevenues for the second quarter grew 35% to $525 million, ahead of the market’s forecast of $507.6 million. Non GAAP […]

Weakness In US Investment Keeps The Focus On The Consumer

Mar 26, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels Durable goods orders are a good lead indicator for broader capex spending in the US. Unfortunately, ongoing weakness here suggests investment spending will remain a constraint on overall growth with the US’ 2024 economic prospects being determined by the consumer. Investment has lagged behind other parts of the economyThe US economy beat expectations […]

Analytical Overview Of The Main Currency Pairs – Tuesday, March 26

Mar 26, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0807 Prev Close: 1.0836 % chg. over the last day: +0.27 % Weaker-than-expected US economic news on Monday pressured the US dollar after an unexpected decline in February’s new home sales. The weaker dollar on Monday caused some short covering in EUR/USD. However, the euro’s […]