Asia Morning Bites – Monday, Dec. 4
Dec 03, 2023
Jeremy Parkinson
Finance, No picture
Image Source: UnsplashGlobal Macro and Markets Global markets: Fed Chair Jerome Powell tried to sound a hawkish tone at his speaking event on Friday, talking down the likelihood of rate cuts. But markets latched onto a remark that policy was now “well into restrictive territory” as a clue that there was a greater chance of rate cuts next year […]
Elliott Wave Insights & Strategies – NDX, AAPL, AMZN, GOOGL, MSFT, META, NFLX, NVDA, TSLA
Dec 03, 2023
Jeremy Parkinson
Finance, No picture
Stock market analysis and trading strategies: NASDAQ 100, Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Alphabet (GOOGL) Stock Market Summary: Wave (i) of v) of 1 of (5) of 1) as a general count for most stocks, however this will be the Elliott wave count for the SP500 […]
December 2023 Stock Considerations
Dec 03, 2023
Jeremy Parkinson
Finance, No picture
Image Source: UnsplashWith the final trading month of 2023 upon us, it is time once again for me to highlight some of my potential stock picks. While the market saw a nice bounce over the last couple of months, there is still no shortage of stocks that are becoming fairly valued — or even undervalued. The reality is that we’ll […]
Driven Brands Holdings: A Potential Turnaround Worth Targeting Amid Year-End Selling Pressure
Dec 03, 2023
Jeremy Parkinson
Finance, No picture
Image Source: UnsplashWhile most investors hold winning stocks, every investor has losers, too. It’s just a natural part of investing. But rather than throwing in the towel and waiting for a fresh start next year, investors can look to convert this year’s losers into assets and winners. One name I like here is Driven Brands Holdings (DRVN), counsels Bruce […]
Weekly Forex Forecast – Sunday, Dec. 3
Dec 03, 2023
Jeremy Parkinson
Finance, No picture
Image Source: UnsplashThe difference between success and failure in Forex trading is highly likely to depend upon which assets you choose to trade each week and in which direction, and not on the exact methods you might use to determine trade entries and exits.So, when starting the week, it is often a good idea to look at the […]
Stock Market This Week – Sunday, Dec. 3
Dec 03, 2023
Jeremy Parkinson
Finance, No picture
Image Source: UnsplashIf you watch specific news channels or listen to certain podcasts, you may have heard that the economy is about to enter a recession. However, I like to look at the data. The United States currently has sub-4% unemployment, the third quarter GDP came in at +5.2%, job growth is still happening, the stock market […]
Meta Platforms: Capitalizing On Digital Ad Spending Growth, AI-Driven Improvements
Dec 03, 2023
Jeremy Parkinson
Finance, No picture
Image Source: PixabayWe are looking for digital ad spend to grow by a high-single-digit percentage pace in 2024 and 2025. Social media spend has seen a big recovery, largely on easier comparisons. Meanwhile, Meta Platforms’ (META) growth acceleration has been nothing short of stellar in 2023, elaborates Angelo Zino, analyst at CFRA Research.We currently forecast digital ad growth of 9% […]
Cryptos Soar After Largest Inflows In Two Years
Dec 03, 2023
Jeremy Parkinson
Finance, No picture
Image Source: UnsplashAnticipation of an eventual US spot Bitcoin ETF, which Bloomberg’s analysts assign a 90% probability of being approved by the SEC in January, as well as surging prices have helped to spur inflows into digital-asset investment products for a ninth consecutive week, the largest run since the crypto bull market in late 2021. Okay, we’re nearing in […]
The Yield Curve May Be Sending A Warning Message For Stocks
Dec 03, 2023
Jeremy Parkinson
Finance, No picture
Video Length: 00:11:12 The yield curve is likely to turn positive sooner than most investors think and that means it may be a time to be cautious.More By This Author:6.5 Billion Reasons Stocks Surged On November 30, 2023 Stocks Give Back Big Gains On November 29, 2023 Stocks Have No Juice As The 2-Year Rate Plunges […]
Economic Data Forecasts For The Weeks Of December 5 And 12
Dec 03, 2023
Jeremy Parkinson
Finance, No picture
Here are my forecasts for upcoming economic data. Forecast Prior Observation Consensus Week of December 4 December 4 Factory Orders – October -2.5% 2.8 -2.6 Durable Goods Orders -5.4 4.6 Nondurable Goods Orders 0.5 1.0 December 5 […]