Gap Stock Soars 15% On Strong Holiday Sales, Raised Forecast
Nov 22, 2024
Jeremy Parkinson
Finance, No picture
Gap Inc. (GAP) is experiencing a resurgence, fueled by robust holiday demand and a successful turnaround strategy.The company raised its annual sales forecast on Thursday, sending shares soaring 15% in extended trading.This positive momentum marks the fourth consecutive quarter of sales growth for the Old Navy parent company, exceeding profit expectations and solidifying CEO Richard […]
S&P/ASX 200 Index Elliott Wave Technical Analysis
Nov 22, 2024
Jeremy Parkinson
Finance
S&P/ASX 200 Elliott Wave Analysis Trading Lounge Day ChartS&P/ASX 200 Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Gray Wave 3 Position: Orange Wave 3 Direction (Next Higher Degrees): Gray Wave 3 (started) Details: Gray wave 2 appears completed, and gray wave 3 is now in progress. Wave Cancel Invalidation Level: 8,066.9 Market Analysis OverviewThis analysis evaluates the S&P/ASX 200 index […]
Are Active/Semi-Active ETFs A Global Phenomenon?
Nov 22, 2024
Jeremy Parkinson
Finance
A lot has been said and written about the growth of active and semi-active ETFs in the U.S. Even in Europe, where active/semi-active ETFs are still at the beginning, one sees news and media coverage around the emerging segment of active/semi-active ETFs every day. Conversely, there is literally no media coverage on the development of […]
AI Is Steaming To Nvidia’s Benefit
Nov 22, 2024
Jeremy Parkinson
Finance
Wall Street’s poster child for AI is Nvidia. With an overwhelming market share in AI chip design, Nvidia is up over 200% year to date and a whopping 2680% over the last five years. Driving the price surge are incredible earnings, revenue growth, massive profit margins, and promising outlooks. Since 2020, Nvidia’s sales have increased […]
FX Daily: Big PMI Day For The Euro
Nov 22, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash A combination of factors are contributing to the strong dollar, and with geopolitical risks on the rise, we believe it may be risky to try and pick a bottom in EUR/USD just yet. Incidentally, PMIs may be decent for the eurozone but grim for Germany, which could be enough for markets to price in […]
Elliott Wave Technical Analysis: Dogecoin Crypto Price News – Friday, Nov. 22
Nov 22, 2024
Jeremy Parkinson
Finance
Elliott Wave Analysis TradingLounge Daily ChartDogecoin/ U.S. dollar(DOGEUSD)DOGEUSD Elliott Wave Technical Analysis Function: Counter trendMode: CorrectiveStructure: ZigzagPosition: Wave ((C))Direction Next higher Degrees: wave ((C)) of ZigzagWave Cancel invalid Level:Details: wave 2 is likely to end and price is rising again in wave 3.Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:The correction in wave II seems to be over so we focus […]
Using Compounding To Overcome A Shortfall In Retirement Savings
Nov 22, 2024
Jeremy Parkinson
Finance, No picture
I believe financial advisers often seem to assume their clients have a time machine. They like to explain that, with enough time, anyone can enjoy a financially secure retirement. For example, if you invest $200 a month every month for 40 years, your account will be worth $1.2 million if stocks gain an average of […]
When Fishing Or Investing, Patience Is Key
Nov 22, 2024
Jeremy Parkinson
Finance
Image Source: Pixabay What characteristic does an angler need more than any other? If you said patience, you would be right. When it comes to fishing, it’s important to choose your location carefully, get prepared and then…..wait. Sometimes for quite a while.We’ve all seen the iconic image of a lonely fisherman sitting in his dinghy in […]
American Express Co DCF Valuation: Is The Stock Undervalued?
Nov 22, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash As part of a new series, each week we typically conduct a DCF on one of the companies in our screens. This week we thought we’d take a look at one of the stocks that is not currently in our screens, American Express Co (AXP). ProfileAmerican Express is a global financial institution, operating […]
3 Dividend Aristocrat Utilities To Power Your Portfolio
Nov 21, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash Dividend longevity is a highly desirable trait for income investors, and for good reason. Companies that have proven to stand the test of time, including competitive headwinds, recessions, and other threats to earnings, typically afford investors the ability to accrue significant wealth over time. Most companies cannot meet these strict requirements for dividend longevity, […]