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Pharma Stock Roundup: Novo Nordisk’s New Obesity Pill Data, Roche, AstraZeneca’s Pipeline Updates

Pharma Stock Roundup: Novo Nordisk’s New Obesity Pill Data, Roche, AstraZeneca’s Pipeline Updates

Image: BigstockThis week, data from Novo Nordisk’s (NVO – Free Report) early-stage study on a new weight loss pill called amycretin showed that it could be more effective than Wegovy, its popular injection for obesity. Meanwhile, the FDA approved Johnson & Johnson’s (JNJ – Free Report) lung cancer medicine, Rybrevant, for first-line use. Additionally, Roche (RHHBY – Free Report) & Alnylam (ALNY – Free Report) announced positive data from […]
Wall Street’s Top 10 Stock Calls This Week – Saturday, March 9

Wall Street’s Top 10 Stock Calls This Week – Saturday, March 9

Image Source: UnsplashWhat has Wall Street been buzzing about this week? Here are the top 5 buy calls and the top 5 sell calls made by Wall Street’s best analysts during the week of March 4-8. First, here are the top 5 buy calls of the week. 1. Nvidia Initiated with an Outperform at CICC on […]
The Panic In The Office Sector Means Profits For Us

The Panic In The Office Sector Means Profits For Us

Source: 360 Park Avenue SouthThe panic in the office sector is raging on. Three years ago, 360 Park Avenue South – an attractive, modern Class A office building – sold for $300 million. Recently, the Canada Pension Plan Investment Board dumped its 29% stake in the midtown Manhattan office building. The price? One dollar.It’s no secret offices […]
New Record Highs For Bitcoin & Gold As Dollar Suffers Worst Week In Three Months

New Record Highs For Bitcoin & Gold As Dollar Suffers Worst Week In Three Months

Image Source: UnsplashUS macro data serially disappointed this week.Source: Bloomberg‘Bad’ news was good news for the doves, and the market’s expectations for rate-cuts in 2024 ticked back up to 4 rate-cuts (from 3).Source: BloombergBonds were bid on the week, with the belly outperforming the wings.Source: BloombergThe 10-year yield dropped down to almost 4.0% (closing below its 50-DMA) […]
ETF Battles: Watch QQQ Vs. SMH Vs. XLK In A Tech ETF Faceoff

ETF Battles: Watch QQQ Vs. SMH Vs. XLK In A Tech ETF Faceoff

Image Source: PixabayIn this Season 5 episode of ETF Battles, I referee a technology and semiconductor equity ETF showdown between Invesco (QQQ), State Street Global Advisors (XLK), and Van Eck (SMH). Which ETF will win this tech-heavy triple header?Program judges David Kreinces and Shana Sissel examine this global equity ETF contest to see which is the better choice. Each ETF […]
Week Ahead: Will Firm Headline US CPI And A Recovery In Retail Sales Help The Dollar Recover?

Week Ahead: Will Firm Headline US CPI And A Recovery In Retail Sales Help The Dollar Recover?

When everything was said and done last week, the market did not change its mind. There was still a better than 90% chance that the Federal Reserve delivers its first rate cut in June. Fed Chair Powell told Congress that the central bank was not far from the level of confidence needed to cut rates. […]
Forex And Cryptocurrencies Forecast For March 11 – 15

Forex And Cryptocurrencies Forecast For March 11 – 15

EUR/USD: A Bad Week for the Dollar ● The past week was dominated by the European Central Bank (ECB)’s meeting on Thursday, 7 March. As anticipated, the pan-European regulator decided to maintain its current monetary policy, leaving the interest rate unchanged at 4.50%. This move reaffirmed its commitment to steering inflation into the desired range. […]
Market Top Or Bubble?

Market Top Or Bubble?

Last week, the ongoing “can’t stop, won’t stop” bullish trend remained firmly intact. As we noted then:“That remains the case this past week. While the overall market traded higher into the end of the week, setting new all-time highs, the bullish November trend remains intact. While the market remains confined to that narrow rising trend […]
Technical Market Report – Saturday, March 9

Technical Market Report – Saturday, March 9

The good news is:All of the major averages, except the Dow Jones Industrial Average closed at an all time or multi year highs on Thursday. The NegativesThe negatives are hard to find.Most economists have been saying the economy world wide is no the brink of collapse, but, so far, the US stock market does not agree. The […]
S&P 500 Soars To New Highs: 5 Best Stocks YTD

S&P 500 Soars To New Highs: 5 Best Stocks YTD

The S&P 500 soared to new all-time highs on reassuring comments regarding potential interest rate declines. SPDR S&P 500 ETF Trust (SPY), the proxy version of the S&P 500 Index, has risen 8.3% so far this year.We have highlighted five stocks that have gained in double digits so far this year. These are Nvidia Corporation (NVDA) , Constellation Energy Corporation (CEG) , Meta […]