Category Archive: Finance, No picture
Oracle Q2 Earnings: ‘Not Immune To Macro Backdrop’
Image Source: Unsplash Oracle Corp (NYSE: ORCL) tanked about 9.0% in extended hours even though it reported better-than-expected per-share earnings for its second financial quarter. Why is Oracle stock down in after-hours? The stock is being punished primarily because the quarterly revenue came in shy of Street estimates.Oracle said its revenue from cloud and on-premise licenses, cloud services […]
Global Airline Industry Forecast To Generate Record Operating Profit In 2024
Image Source: Unsplash Airline consolidation is not only relatively common but necessary for growth and competitiveness, and the recent announcement of Alaska Airlines’ planned acquisition of Hawaiian Airlines is a prime example of this trend.The move, valued at $1.9 billion, signifies more than just a business transaction. It represents a strategic positioning for future growth in a highly […]
El Nino Affecting North & South America’s. The Corn & Ethanol Report
Photo by Waldemar on Unsplash We kicked off the day with Consumer Inflation Expectations and Export Inspections at 10:00 A.M., 3-Year Note Auction & 6-Month Bill Auction at 10:30 A.M., 10-Year Note Auction & 3-Month Billl Auction at 12:00 P.M.As we kick off the week, scuttlebutt among traders is concern with South American weather. We are both in […]
Chinese Yuan Faces Headwinds Amid Disinflation Jitters
Image Source: Unsplash In the ever-shifting landscape of global economies, recent developments in China have sent ripples across the financial markets. The Chinese yuan, once a stalwart currency, finds itself among the worst performers as disinflationary trends continue to grip the nation. This article explores the ramifications of the yuan’s decline, delving into the intricacies of the current […]
Top 10 Cyber Security Stocks Up 2% Last Week; Now Up 83% YTD
Image Source: Unsplash Given the fact that, according to research company, Gartner, corporate spending on cyber security is expected to grow by 14% in 2024. That’s better than most information-technology spending categories suggesting that many cybersecurity software and hardware companies should be excellent long-term buys. There Are 4 Main Types Of Cyber Security Network security that […]
Analytical Overview Of The Main Currency Pairs – Monday, Dec. 11
Image Source: Unsplash The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0791 Prev Close: 1.0756 % chg. over the last day: -0.32 % Friday’s US economic news was hawkish for Fed policy and bullish for the dollar. Nonfarm payrolls for November rose by 199,000, exceeding expectations of 185,000. The November unemployment rate fell by 0.2% to a 4-month low of 3.7%, […]
Crypto Stocks Decline As Bitcoin Retreats To $42,000
Image Source: Unsplash Cryptocurrency-related stocks tumbled sharply at the Monday open, echoing Bitcoin’s retreat below $42,000.Bitcoin retreated from its recently-set highs and dipped below $42,000 on Monday, dragging crypto-related stocks into a sea of red. Shares of crypto-related stocks like Coinbase (Nasdaq: COIN), Marathon Digital (Nasdaq: MARA), MicroStrategy (Nasdaq: MSTR), and Riot Blockchain (Nasdaq: RIOT) saw […]
The Canadian Cannabis Report – Monday, Dec. 11
For the trading week that ended December 8, 2023, my proprietary Canadian Cannabis Company Index (MCCCI) increased by 4.2% compared to the prior week when it increased by 10.4%. The index consists of 14 stocks, many of which are among the most widely held holdings of the 3 ETFs (MJ, CNBS, and THCX) that I consider to […]
Elliott Wave Technical Analysis: Costco Wholesale Corp. – Monday, Dec. 11
Image Source: Unsplash Costco Wholesale Corp., Elliott Wave Technical AnalysisCostco Wholesale Corp., (Nasdaq: COST): 4h Chart 11 December 2023COST Stock Market Analysis: We have been monitoring the upside in Costco as we seemed to have a group of waves 1-2 nesting. We are now looking at a count that suggests Minute wave {ii} is in place […]
Just One More Hyped Up Jobs Report
According to the latest non-farm payroll report from the Bureau of Labor Statistics (BLS) the US economy added 199,000 new jobs in November and the unemployment rate dropped to 3.7%. This was widely viewed as a “strong” jobs report. According to one mainstream analyst, the November employment data “portrays an economy that is easing toward a soft […]
