Category Archive: Finance, No picture
Crude Oil Falls Over 4% As OPEC+ Unexpectedly Delays Key Meeting
Image Source: Unsplash Crude oil prices fell more than 4% on Wednesday after OPEC+ producers postponed their ministerial meeting for November 30.Crude oil prices plunged more than 4% on Wednesday after OPEC+, the alliance of leading oil-producing countries, delayed its much-anticipated meeting without explaining why. In the meantime, speculations are growing that Saudi Arabia is expected to extend […]
POWR Stock Of The Week Under $10: TransAlta Corp.
Image Source: Unsplash As the possibility of the interest rate cycle turning comes into clearer relief, utilities, which have been underperforming in a rising rate environment, should switch back on and begin to outpace their non-dividend paying rivals. And a utility that both pays a dividend AND is growing earnings, would be a great play at […]
Earnings Review: Deere & Company Beats Expectations, Reduces Outlook
Image Source: Unsplash Deere & Company (DE) reported beating EPS and revenue expectations but reduced its outlook as demand is expected to slow. Key Highlights Earnings Per Share (EPS) Outperformance: Deere & Company (NYSE: DE) reported an EPS of $8.26 for the fourth quarter, surpassing the market expectation of $7.48. Revenue Surpassing Expectations: Fourth-quarter revenue reached $13.801 billion, […]
Two All-Or-Nothing Longshot Stocks For Thanksgiving
Photo by Davies Designs Studio on Unsplash We are just two days away from Thanksgiving.The cooking has started around here. The turkey went into the brine last night, and the prep work for the stuffing is underway.There will only be one issue of Hidden Profits report this week because I expect you will have better things to […]
Why Nvidia Dipped Despite Blockbuster Q3 Earnings
Nvidia’s shares were in the red in Wednesday’s premarket despite a blockbuster Q3 2024 report.Shares of Nvidia (NVDA) fell slightly in the premarket trading Wednesday despite a robust Q3 report and upbeat revenue guidance for the fourth quarter. The lack of upside could be attributed to several factors, most notably the anticipated negative impact of chip export […]
Market To Thin Out For Remainder Of Week
Image Source: Unsplash We’ve been warning that the market has once again gotten ahead of itself after pricing in a Fed policy reversal after last week’s round of softer inflation data out of the US. Yesterday’s Fed Minutes backed this up, with the central bank showing no such willingness to reverse policy.Video Length: 00:01:20More By This […]
Two Trades To Watch: GBP/USD, FTSE 100
Image Source: Unsplash GBP/USD slips ahead of the Autumn statement GBPUSD eases from 2.5-month high Autumn Statement watched for inflationary measures USD selloff steadies after FOMC minutes GBP/USD is edging lower after reaching a 2 1/2-month high earlier in the week. The US dollar sell-off has steadied following the release of the FOMC minutes, and investors […]
2 Top-Ranked Tech Stocks To Buy For Passive Income
Image Source: PixabayTech stocks have been red-hot in November, delivering outsized gains. They’ve overall jumped back in favor in 2023, particularly following a tough 2022 and excitement surrounding artificial intelligence applications.Other than tech stocks, investors also love dividends, as they can provide a nice buffer against drawdowns in other positions and a passive income stream. And […]
Elliott Wave Technical Analysis: AAVEUSD – Wednesday, November 22
Image Source: UpsplashElliott Wave Analysis TradingLounge Daily Chart, 22 November 23,AAVE / U.S. dollar(AAVEUSD)AAVEUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: ZigzagPosition: Wave (B)Direction Next higher Degrees: Wave ((2)) of ImpulseWave Cancel invalid Level: 50.391Details: the corrective in wave 2 trend to 61.8% of wave 1 at 71.177AAVE / U.S. dollar(AAVEUSD)Trading Strategy: AAVE has entered a […]
Asia Morning Bites For Wednesday, November 22
Image Source: UnsplashGlobal Macro and Markets Global markets: Tuesday saw modest declines in bond yields and also some slight weakness in stocks while the dollar made back some of its recent losses. The yields on 2Y and 10Y US Treasuries fell by 3.9bp and 2.7bp respectively. The 10Y now sits at 4.393%. The S&P 500 dropped by […]
