Category Archive: Finance, No picture
S&P 500 Earnings Dashboard 23Q3 – Friday, Nov. 17
Image Source: Unsplash S&P 500 Aggregate Estimates and Revisions The 23Q3 Y/Y blended earnings growth estimate is 6.6%. If the energy sector is excluded, the growth rate for the index is 12.0%. Of the 469 companies in the S&P 500 that have reported earnings to date for 23Q3, 81.7% reported above analyst expectations. This compares to a long-term average of 66%. The 23Q3 Y/Y blended revenue growth estimate is 1.4%. If the […]
The Energy Report: Oil’s Little Recession
Photo by Arvind Vallabh on UnsplashThe Fed might not see a recession coming but the oil market is pricing one in. Oil collapsed into “bear market territory” in a technical price crash even as global demand notched a record high for the third month in a row. Oil is on track for its fourth weekly […]
Oil Prices Rebound Slightly But On Track For Another Weekly Decline
Oil prices rebounded from their 4-month lows on Friday, but remain on track for a fourth straight week of losses.After oil prices have been on a sharp downward trajectory over the past few weeks due to supply concerns and a noteworthy demand decline, benchmark futures rebounded notably on Friday and may continue that trend, considering the persisting geopolitical and […]
Crude Oil Commentary – Friday, Nov. 17
Image Source: Unsplash Crude Pushing LowerOil prices have broken down to fresh four-month lows this week as bearish sentiment continues to build. Crude futures are now down around 25% from YTD highs and look poised for further downside near-term unless we see a major shift in the backdrop. US Crude Inventories BalloonOn the one hand, the […]
Yen Leads Charge Against The Dollar Amid Falling Rates
Photo by Alexander Grey on UnsplashThe Japanese yen is leading the charge against the dollar today. Short covering in the Japanese bond market, the decline in US rates, and some reports of real money saw the dollar tumble to around JPY149.25 to approach the low for the month near JPY149.20. All the G10 currencies are […]
Microsoft Corporation Dividend Stock Analysis
Image Source: Unsplash Linked here is a detailed quantitative analysis of Microsoft Corporation (MSFT). Below are some highlights from the above linked analysis:Company Description: Microsoft, the world’s largest software company, develops PC software, including the Windows operating system and the Office application suite.Fair Value: In calculating fair value, I consider the NPV MMA Differential Fair Value along with these four […]
Gap Stock Jumps 15% Despite Muted Outlook For Holiday Quarter
Photo by Simon Champagne on UnsplashGap Inc (GPS) jumped 15% in extended hours on Thursday after reporting strong results for its fiscal third quarter. Gap stock is not much bothered by Q4 guidanceThe price action is interesting considering the apparel retailer issued a somewhat downbeat guidance for its holiday quarter as it continues to struggle with a slowdown […]
Elliott Wave Technical Analysis Day Chart: U.S. Dollar/Canadian Dollar – Friday, Nov. 17
Image Source: Unsplash USD/CAD Elliott Wave Analysis Trading Lounge Day Chart, 17 November 2023U.S.Dollar/Canadian Dollar(USD/CAD) 4 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 1.38537, now blue wave C of black […]
Asia Morning Bites For Friday, November 17
Image Source: UnsplashGlobal Macro and Markets Global markets: US Treasury yields reversed course again yesterday, following some slightly higher US weekly jobless claims figures (see below). It doesn’t take much to cause a large swing in Treasuries these days. 2Y yields dropped 7.4bp to 4.838%, while those on the 10Y bond fell 9.6bp taking them back well […]
Gold Is The Next 13-Year Breakout
Image Source: UnsplashSince its peak in August 2020, Gold has moved towards a breakout on multiple occasions but failed in every case. Nevertheless, as of Thursday, November 16, Gold is within 4% of a daily all-time high and 2% of a weekly all-time high. It appears only weeks, if not months, from a historic breakout.For months and […]
