Author Archive: Jeremy Parkinson
Rapper Drake’s X account hacked to promote meme coin
Key Takeaways Drake’s X account was hacked to promote a fraudulent meme coin called Anita. The compromised account claimed a partnership with the gambling platform Stake, but the claims were fake and removed. Share this article Rap star Drake’s official X account was compromised today, with the hacker using it to promote a fraudulent meme […]
TLTW: A High-Yield, Covered Call ETF With “Safe Haven” Appeal
Image Source: PixabaySeveral of the single-stock, covered call ETFs launched this year have become household names, but broader strategies have also garnered a lot of interest. Among the more interesting launches is the iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW), notes Michael Gayed, editor of The Lead-Lag Report.Even though Treasuries have gotten bounced around quite a bit over the past […]
A Christmas Pantomime
Incoming President Trump promises higher growth in 2026 and beyond? No, he doesn’t. And the UK won’t raise taxes any further? Yes, it will. Enter the auditorium of the economic pantomime, and gear up for 2024’s grand finale.Pantomime season is in full swing here in the UK, and we can’t help but notice an all-too-familiar resemblance between Jack’s adventure up the beanstalk […]
An Important Top Could Be Approaching
Image Source: PixabayMany stock indices now seem to have the potential to form some nice tops. In this video, I discuss how we could be approaching an important top by the beginning of the new year.00:14:09More By This Author:Unprecedented Times In The MarketsTackling The Bubble Conundrum The Future Of Bitcoin
Fully Beaten
Image Source: PixabayWell, this is just plain sad. I haven’t looked at Beyond Meat’s stock in a while, but it’s down over 99%. It now has a market cap of just a couple hundred million dollars. I suspect this will be delisted in 2025.More By This Author:The Great EightTexas Tells The Story Plucked Like A Chicken
EUR/USD Price Forecast: Hovered Near 1.0500 Post-ECB Rate Cut
Image Source: Unsplash The EUR/USD currency pair remained tethered to the 1.0500 mark on Friday, as it rebounded slightly to the 1.0498 level after testing the weekly lows. Technical analysis shows that the pair has been maintaining a delicate balance, with potential to challenge resistance if it can be sustained above the 1.0500 mark. Key resistances were set at the 1.0530 and […]
Broadcom Beats Earnings Estimates As AI Revenue Triples
Image: BigstockBroadcom (AVGO – Free Report), one of America’s premier semiconductor companies, announced Q4 earnings results on Thursday and beat analyst earnings estimates by 2%.Broadcom reported record fiscal year 2024 revenue of $51.6 billion, a 44% year-over-year increase, driven by a 220% surge in AI-related revenue to $12.2 billion, aided by strong performances in the semiconductor and infrastructure software segments. Adjusted […]
Time To Buy In A Short-Term Downtrend?
Image Source: UnsplashThe SPX cap-weighted index has continued to respect its uptrend line and its short-term horizontal support. The chart really doesn’t look bad at all despite considerable market weakness being revealed by other market indicators, such as the number of NYSE 52-week lows shown in the lower panel.The PMO Index has been doing its job very nicely […]
The Danger Of Standardized Financial Strategies
Image Source: UnsplashSitting down with Robert Smallbone, we chatted about almost everything, including a ‘Santa Claus Rally,’ individual assets, and how to benefit in a recession.00:40:47The main questions and topics Robert and I covered include the following: Seasonality: Do I see any seasonal trends in the stock market? What do the general trends look like for the first few months […]
Hershey Would Be A Bitter Confection To Swallow
Buying chocolatier Hershey looks like a nutty idea. Mondelez International, the maker of Oreo cookies and Cadbury Dairy Milk bars, may nonetheless give it a shot some eight years after a previous bid failed. Crunching the numbers leaves a bitter taste.There is strategic logic to the approach, which Bloomberg reported on Monday. Rival confectioner Mars is poised […]
