Author Archive: Jeremy Parkinson
RIOT May Resume Its Rally Soon
Image Source: Unsplash One of the reasons why Crypto market is bullish is also Crypto and mining-related company like RIOT. Riot Platforms owns and operates North America’s largest Bitcoin mining facility as measured by developed capacity. RIOT is actually still bullish with room for much more gains after recent A-B-C corrective setback that can be supportive […]
Netflix Stock Hits Record High As JPMorgan Raises Price Target To $1,010
Image courtesy of 123rf.com Netflix (Nasdaq: NFLX) has recently captured the attention of investors and analysts alike, as its stock achieved a new peak this week. JPMorgan has responded to this upward trend by raising its price target for the streaming giant, signaling strong confidence in Netflix’s future performance.The bank maintained its “overweight” rating, reflecting optimism […]
Unlocking ASX Trading Success: Computershare Limited
ASX: COMPUTERSHARE LIMITED. – CPU Elliott Elliott Wave Technical Analysis TradingLoungeGreetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with COMPUTERSHARE LIMITED. – CPU. We see ASX:CPU nearing the completion of wave ((i))-navy and a pullback to wave ((ii))-navy is expected in the near term.ASX: COMPUTERSHARE LIMITED. – CPU 1D Chart (Semilog Scale) […]
Apple partners with Broadcom to develop “Baltra,” its first in-house AI server chip
Key Takeaways Apple is collaborating with Broadcom to develop its first in-house AI chip, expected to enter mass production by 2026. The chip, named Baltra, will focus on processing new data and transferring it to large language models. Share this article Apple is collaborating with Broadcom to develop its first in-house AI server chip, internally […]
Asian Stock: Sino-American Silicon Products
TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: Sino-American Silicon Products IncorporatedBloomberg ticker: 5483 TTMarket cap: US$3,396mBackground: Sino-American Silicon Products Incorporated is a Taiwanese supplier of medium- and small-diameter silicon wafers that are used in the semiconductor and solar power industries worldwide. World Class Benchmarking […]
Communications Services Leads US Equity Sectors In 2024
The neck-and-neck horse race for first place among equity sectors has recently given way to a decisive lead for communications services stocks year to date, based on a set of ETFs through Tuesday’s close (Dec. 10).As previously reported, communications (XLC) and financial (XLF) had been essentially tied for first place this year. But the competition turned into […]
Sensex Today Ends Flat; PNC Infratech Rallies 12%
After opening the day flat, the Indian benchmark remained range bound as the session progressed and ended the day flat.Benchmark equity indices BSE Sensex and Nifty 50 were trading on a flat note on Wednesday.At the closing bell, the BSE Sensex closed higher by 16 points.Meanwhile, the NSE Nifty closed higher by 31 points (up 0.1%).Trent, Britannia, and […]
Pullback! Bears Get More To Chew On
Two straight down days for the stock market. We haven’t seen that since mid-November. The mid and small caps have pulled back more. Seasonally, this is a mild soft patch that lasts into the 20th. Some things I am thinking about into January. Is this just another mild pullback that will lead to new highs […]
Sticky US Inflation Points To A More Cautious Fed In 2025
Image Source: Pexels US core inflation posted a fourth consecutive 0.3% print, showing that progress towards the Fed inflation goal has clearly stalled. Nonetheless, the Fed’s favored measure of inflation is doing a little better and the jobs market is cooling. We look for another 25bp Fed cut next week, but new Fed forecasts should show a […]
Macy’s Lags Q3 Earnings Estimates
Image Source: Unsplash Macy’s (M – Free Report) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -42.86%. A quarter ago, it was expected […]
