Category Archive: Finance, No picture
General Motors Announces $10B Buyback, Will Up Dividend By 33% Next Year
Image Source: Unsplash GM rose in Wednesday’s premarket after the company announced plans to raise quarterly dividend next year and unveiled a share repurchase program.General Motors (NYSE: GM) spiked more than 9% in the Wednesday premarket after the company unveiled a string of measures to restore investors’ trust. Most notably, the company announced a $10 billion stock buyback […]
Another Climate Conference
COP28, the annual UN climate conference, starts tomorrow in Dubai in the United Arab Emirates (UAE). It’s easy to criticize the world’s efforts at reducing global Greenhouse Gases (GHGs). They over-emphasize intermittent solar and wind instead of going all in on nuclear and should replace coal with natural gas.PexelsChina gets a free pass to increase […]
Blackrock’s Game-Changing Ethereum ETF Move, Solana And NuggetRush Exhibit Bullish Price Trends
Ethereum’s (ETH) value has surged due to BlackRock’s recent filing of an S-1 form with the SEC. This filing suggests that BlackRock intends to introduce a spot ether ETF, which has created a buoyant market sentiment for Ethereum. Also, other cryptocurrencies like Solana (SOL) and NuggetRush (NUGX) are experiencing bullish trends. These projects have cutting-edge technology, high adoption rates, and unique features that set […]
What I’m Excited For In 2024
Photo by BoliviaInteligente on Unsplash I have already published my predictions for 2023, and I stand by them as the most accurate and as close-to-guaranteed outcomes as you will ever see.My annual predictions have been so accurate over the years that I am stunned that I have not won some sort of award by now.I […]
Bitcoin Starting To Think About Move Back Towards Record High
Photo by André François McKenzie on UnsplashWe’re looking at Bitcoin on the weekly chart and clearly there is a major low that’s in place now by that 2022 low with the market putting in an impressive recovery.Video Length: 00:00:40More By This Author:Month End Rebalancing Reveals US Dollar Selling Ominous Signs As The Week Gets Going Keeping An Eye […]
New And Revised Data Suggests Possible Negative Change In Trend For U.S. New Home Market Cap
What a difference a month and data revisions make!It was just a month ago that U.S. Census Bureau data on new home sales put the total value of all new homes sold during September 2023 within half a billion dollars of the $31.05 billion peak reached at the height of the U.S housing bubble in August 2005.But […]
Owning Super Micro Computer Shares Is A No-Brainer – Here’s Why
Photo by Michael Dziedzic on UnsplashSuper Micro Computer’s (SMCI) stock price is UP 250% as of today but despite this tremendous jump ALL its valuation metrics suggest that buying SMCI stock is a no-brainer. SMCI Valuation Metrics Are Excellent Its price-to-earnings (P/E) ratio: 16.5x (27.0% BELOW the sector median of 22.6x) Its current price-to- sales ratio […]
Elliott Wave Technical Analysis Day Chart: U.S. Dollar/Canadian Dollar – Wednesday, Nov. 29
Image Source: Unsplash USD/CAD Elliott Wave Analysis Trading Lounge Day Chart, 29 November 2023U.S. Dollar/Canadian Dollar(USD/CAD) Day ChartUSD/CAD Elliott Wave Technical AnalysisFunction: Counter TrendMode: corrective Structure: blue wave C of black wave BPosition: black wave BDirection Next Higher Degrees: black wave CDetails: Blue wave B looking completed at 1.37679, now blue wave C of black wave […]
“Resilient” American Consumers Cutting Back Spending, Running Up More Debt This Holiday Season
Image Source: UnsplashHoliday shoppers plan on cutting back on spending and piling on even more debt this year, and nearly a quarter of Americans still haven’t paid off their debt from last year’s holiday spending spree.These were just a few revelations in a recent WalletHub survey that indicates American consumers aren’t quite as “resilient” as pundits and government […]
AUD/USD Price Analysis: Bulls Hit 4-Month Top Despite Low CPI
Image Source: Unsplash There was a drop in Australia’s inflation in October. The Aussie benefited from a weakening greenback. Financial markets anticipate the RBA to maintain current rates in December. In Wednesday’s AUD/USD price analysis, we find the Australian dollar showcasing resilience, surging to a four-month high despite a recent dip in Australia’s inflation in October. […]
