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Here’s What Wall Street Is Saying About Nike Ahead Of Q3 Earnings

Here’s What Wall Street Is Saying About Nike Ahead Of Q3 Earnings

Image Source: Unsplash Nike (NKE) is expected to report results on its fiscal third quarter on Thursday, March 21, with a conference call scheduled for 5:00 pm EDT. What to watch for: GUIDANCE: In December, Nike forecasted Q3 revenue to be slightly negative, with a gross margin expansion of 160-180 basis points. The company lowered its fiscal 2024 revenue […]
Is Someone About To Stress The Comex

Is Someone About To Stress The Comex

The CME Comex is the Exchange where futures are traded for gold, silver, and other commodities. The CME also allows futures buyers to turn their contracts into physical metal through delivery. You can find more details on the CME here (e.g., vault types, major/minor months, delivery explanation, historical data, etc.).The data below looks at contract delivery where […]
Softs Report – Thursday, March 21

Softs Report – Thursday, March 21

COTTON General Comments: Cotton was lower yesterday with weakness seen in nearby months on ideas of weaker export demand. 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 soils might not permit much planting, anyway. The demand news […]
Reddit Stock Rallies 70% On NYSE Debut

Reddit Stock Rallies 70% On NYSE Debut

Image Source: Unsplash Reddit (RDDT) gained a whopping 70% as it debuted on the New York Stock Exchange on Thursday – signalling strong appetite for new tech stocks. Reddit is now worth over $10 billion The social media company priced its initial public offering at $34 per share on Wednesday that valued it at about $6.4 billion.Following the […]
Canadian Dollar Recedes Against Greenback On Thursday As Buck Bets Rebound

Canadian Dollar Recedes Against Greenback On Thursday As Buck Bets Rebound

Photo by Michelle Spollen on Unsplash The Canadian Dollar (CAD) is broadly higher on Thursday, climbing against most of its major currency peers, but the US Dollar (USD) is getting bid higher, faster. Investors are paring back Greenback selling after a Fed-fueled midweek splurge, bolstering the US Dollar across the board.Canada will return to the economic calendar with meaningful data […]
April 2024 Bitcoin Halving: A 50% Reward Cut Looms

April 2024 Bitcoin Halving: A 50% Reward Cut Looms

Image Source: Unsplash Welcome, dear readers, to a journey through time, technology, and economics as we await the much-anticipated Bitcoin Halving event. Imagine the scene: a global community, from seasoned traders to curious onlookers, all watching the countdown as the digital landscape prepares for a seismic shift. This isn’t just a moment in time; it’s a milestone on […]
Market Insights Report: Federal Reserve’s Policy Outlook And Its Impact On Markets

Market Insights Report: Federal Reserve’s Policy Outlook And Its Impact On Markets

Image Source: Unsplash The recent decisions and projections by the Federal Reserve have provided new directives to the financial markets, sparking optimism among investors. The anticipation of three interest rate cuts this year, as maintained by the Federal Reserve, alongside robust earnings from key players in the technology sector, have propelled US stock futures to climb […]
Boeing Stock Price Forecast: Deutsche Bank Sees A 30% Upside

Boeing Stock Price Forecast: Deutsche Bank Sees A 30% Upside

Image Source: Unsplash The year-to-date decline in shares of Boeing Co (NYSE: BA) is an opportunity to buy a quality name at a deep discount, says a Deutsche Bank analyst. Boeing stock could climb back to $240 Scott Deuschle reiterated his “buy” rating on the aerospace giant this morning. He did, however, trim his price objective […]
The S&P 500 Low Volatility Index: Currently Valued At The 99th Percentile Of Cheapness Relative To The S&P 500

The S&P 500 Low Volatility Index: Currently Valued At The 99th Percentile Of Cheapness Relative To The S&P 500

Image Source: Unsplash Investor enthusiasm for AI and mega-cap technology stocks has propelled the S&P 500®  to a gain of more than 30% over the past 12 months. As the S&P 500 has been reaching new highs on a regular basis, it is understandable if low volatility stocks have not been at the top of investors’ minds. […]
The Federal Reserve Didn’t Do Anything But It Had Plenty To Say

The Federal Reserve Didn’t Do Anything But It Had Plenty To Say

Image source: Wikipedia The Federal Reserve didn’t do anything at its March Federal Open Market Committee (FOMC) meeting, but Jerome Powell & Company had plenty to say.The Fed’s dovish rhetoric sent a wave of relief through the markets and drove stocks to yet another all-time high.People would probably be wise to remember that saying isn’t doing. […]