2024 - Page 233 of 2348 -

Dow, S&P 500 Wrap Up Best Month Of Year With Record Closes

Nov 29, 2024 Jeremy Parkinson Finance 0

Returning from the Thanksgiving holiday, Wall Street closed the day, week, and month all higher. The Dow and S&P 500 scored record closes to wrap up their best months since November 2023. Tech powered the Nasdaq higher to daily, weekly, and monthly wins, while the small-cap Russell 2000 Index (RUT) logged its best month of the […]

Strong Contrarian Bear Potential Into Inauguration Day

Nov 29, 2024 Jeremy Parkinson Finance 0

Let’s look at some pictures of the developing risk situation in the US stock market, in light of Inauguration day upcoming on January 20, 2025, when the new president will be sworn in and his “Make America Great Again” jingle reconstituted. This group of indicators is far from exhaustive, as we use several other indicators […]

Earnings Show The Holiday Season Has Not Lifted Sales Of All Retailers

Nov 29, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The holiday shopping season is in full swing, offering retailers a prime opportunity to capture consumer dollars.However, the season’s buoyancy isn’t lifting all boats.Recent earnings reports reveal a widening gap between retail winners like Walmart and Abercrombie & Fitch and underperformers such as Target and Kohl’s.The disparity underscores the challenges retailers face as consumers, burdened by two years […]

Crypto AI agent platform Virtuals Protocol hits $1.4 billion market cap

Nov 29, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Virtuals Protocol’s native token has reached a $1.4 billion market cap due to the high demand for AI agents. Base blockchain’s TVL reached $3.5 billion, overtaking Arbitrum as the largest Ethereum Layer 2. Share this article Virtuals Protocol, an AI agent deployment ecosystem, has reached a peak market cap of $1.4 billion as […]

Gold After Trump Wins

Nov 29, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Gold has sure had a wild ride in the several weeks since the US elections! It first plunged then surged after Trump’s decisive victory, which surprised legions of traders. Gold’s earlier big down days helped fuel fears another Trump administration is bearish for gold. Its poor performance after Trump’s first win eight years […]

Will Supermicro Stock Rise Again In 2025? A Look Ahead

Nov 29, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash George Tsilis is not entirely convinced that Super Micro Computer Inc (Nasdaq: SMCI) has a competitive advantage over its rivals.He’s the senior markets contributor at Schwab Network.Supermicro deals in liquid-cooled server technology that is “not necessarily unique … it has been around for quite some time.”In fact, the California based company is up […]

Record Valuations And Most Bulls Since 1987

Nov 29, 2024 Jeremy Parkinson Finance 0

The S&P 500 (26% concentrated in the five most expensive tech companies) is trading at 38x smoothed 10-year earnings, just marginally below the all-time high of 43x briefly seen at the 2000 tech bubble top and much higher than the previous bubble top in 1929 (Shiller PE ratio below since 1870). But then, most are […]

Energy Bear

Nov 29, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay With the /ES at the highest point in human history at this very moment, it may seem odd to dare point out any sector that is potentially bearish, but – – – that’s what I’m here for. May I direct your attention to the oil and gas sector, by way of the XOI […]

Turkish GDP Growth Sees Further Deceleration In Third Quarter

Nov 29, 2024 Jeremy Parkinson Finance 0

Photo by Omid Armin on Unsplash GDP growth in the third quarter came in at 2.1% on a year-on-year basis, below the market consensus (2.6%) and our call (2.4%), and driven by gross fixed capital formation. TurkStat, on the other hand, revised second-quarter GDP expansion down to 2.4% from 2.5%. Accordingly, nine-month GDP growth stood at 3.2%.On a seasonally adjusted basis, following TurkStat’s downward […]

Dungeons & Dragons Sparks Musk’s Interest In $8.9B Hasbro, Market Reacts

Nov 29, 2024 Jeremy Parkinson Finance 0

Image courtesy of 123rf.com Elon Musk, the influential entrepreneur known for his ventures in technology and space exploration, has expressed interest in acquiring Hasbro (Nasdaq: HAS). This interest is primarily driven by his desire to obtain the rights to the iconic role-playing game, Dungeons & Dragons, which is owned by Hasbro’s Wizards of the Coast division.Musk’s […]