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Cloud Stocks: Analysis Of Workday’s HiredScore Acquisition

Cloud Stocks: Analysis Of Workday’s HiredScore Acquisition

Image Source: Unsplash Enterprise services provider Workday (Nasdaq: WDAY) recently announced mixed fourth-quarter results. It continues to expand its AI capabilities through both product development and acquisitions. Workday’s Financials Workday’s fourth quarter revenues grew 17% to $1.92 billion, at par with the Street’s forecast. Non-GAAP EPS grew 58% to $1.57, ahead of the market’s forecast of $1.47.By segment, […]
Why Ether (ETH) Is Likely To Hit A New All-Time High In March Following BTC

Why Ether (ETH) Is Likely To Hit A New All-Time High In March Following BTC

Image courtesy of 123rf.com While Bitcoin has undoubtedly captured the lion’s share of attention in the cryptocurrency market, analysts and investors are focusing on Ether (ETH), the native token of the Ethereum blockchain. With the highly anticipated Dencun upgrade and growing excitement surrounding the potential approval of spot ETH exchange-traded funds (ETFs), many experts predict that Ether could more than double in […]
SPX Headed For Weekly Win, All Eyes On Potential Rate Cuts

SPX Headed For Weekly Win, All Eyes On Potential Rate Cuts

Stocks are scattered this afternoon, and heading for mixed performances on the week and day. The S&P 500 Index (SPX) is pacing for a third straight weekly win, as investors bet on interest-rate cuts amid a rising unemployment rate. Elsewhere, the Dow Jones Industrial Average (DJI) is on track for its second consecutive weekly loss, while […]
S&P 500 Earnings Dashboard 23Q4 – Friday, March 8

S&P 500 Earnings Dashboard 23Q4 – Friday, March 8

Image Source: Unsplash S&P 500 Aggregate Estimates and Revisions The 23Q4 Y/Y blended earnings growth estimate is 10.0%. If the energy sector is excluded, the growth rate for the index is 13.6%. Of the 494 companies in the S&P 500 that have reported earnings to date for 23Q4, 76.3% reported above analyst expectations. This compares to a long-term average of 66%. The 23Q4 Y/Y blended revenue growth estimate is 3.7%. If the […]
Semis Drop The Mic

Semis Drop The Mic

The rally in semiconductors is starting to run out of superlatives to describe it. Just when you think it has to take a breather, it turns around and rallies another few percent. Yesterday, the Philadelphia Semiconductor Index (SOX) closed more than 17% above its 50-day moving average and 36% above its 200-DMA. Regarding the 50-DMA, […]
FTSE Closing The Week In The Red, Underperforming Global Sentiment

FTSE Closing The Week In The Red, Underperforming Global Sentiment

Image Source: Pexels On Friday, UK stocks experienced a slight decrease as investors digested another stellar U.S. employment print. Meanwhile, British packaging company DSSmith saw an increase in its stock value due to a buyout offer from larger competitor Mondi. The FTSE 100 index declined by 0.46%.On the positive side of the ledger DS Smith, a […]
3 Business Development Companies With Dividend Yields Over 5%

3 Business Development Companies With Dividend Yields Over 5%

Image Source: PixabPixab Business development companies, or BDCs, typically have high dividend yields, as they are required to distribute substantially all of their earnings to shareholders. BDCs receive favorable tax treatment, and in return, they aren’t allowed to retain earnings in the same way other companies are.That’s good for income investors because dividend yields in the […]
Jobs Up 275,000 With 52,000 More Government Jobs, Employment Down 184,000

Jobs Up 275,000 With 52,000 More Government Jobs, Employment Down 184,000

Another seemingly strong jobs headline falls apart on closer scrutiny. The massive divergence between jobs and employment continues.Nonfarm payrolls and employment levels from the BLS, chart by Mish. From September 2020 through early 2022, nonfarm payroll job gains and full time employment changes tracked together.Starting around March of 2022, a divergence between employment and jobs […]
Can You Borrow Your Way To Prosperity? American Consumers Are Giving It A Shot

Can You Borrow Your Way To Prosperity? American Consumers Are Giving It A Shot

Image Source: Unsplash Can you borrow your way to prosperity?American consumers are certainly giving it the old college try.Consumer debt surged once again in January, rising by $19.5 billion, according to the latest data from the Federal Reserve.   On an annual basis, consumer debt rose by 4.7 percent to a record $5.04 trillion. The jump was double […]
Investor Sentiment Getting Greedy? Seems Unwarranted

Investor Sentiment Getting Greedy? Seems Unwarranted

Several indicators of investor sentiment are showing rising “greed” levels. And when investors get greedy, it tends to imply that we are nearing a top.BUT, I am unsure why greed levels are so high when so many assets have little to brag about over the past few years!Today’s “weekly” chart mash-up shows the performance of 6 […]