Category Archive: Finance, No picture
Trulieve Cannabis Q3 Financials Show Major Improvement In Net Loss
Trulieve logo (PRNewsfoto/Trulieve Cannabis Corp.) Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF), a constituent in the munKNEE American Cannabis MSO Stocks Index, announced its results for the third quarter ended September 30, 2023, today, as follows: Q3 2023 Financial Highlights (The information below compares Q3 2023 with Q2 2023 and all figures are in U.S. dollars.) Revenue: DOWN 2.5% […]
AMC Falls 15% After Firm Announces Plan To Sell $350M Worth Of Shares
Image Source: Unsplash AMC Entertainment’s shares fell more than 15% on the announcement of a $350 million stock offering.AMC (NYSE: AMC) reported better-than-expected third-quarter earnings and revenue on Wednesday, with the company swinging to profit in the most recent period. However, the stock did not attract bullish pressure despite robust results. Instead, AMC’s shares nosedived on Thursday on […]
Gold Extends Drop To Test Key Support
Image Source: Unsplash Markets have been very quiet in the last couple of days, with the lack of any major data causing stocks to drift higher, extending their recent trend, while the dollar has drifted back higher following last week’s data-driven sell-off. As a result, gold and silver have weakened so far this week. But are […]
USD/JPY Climbs Above 151.00 As US Dollar Recovers Ahead Of Fed Powell’s Speech
Image Source: Unsplash USD/JPY extends its winning spell above 151.00 amid a recovery in the US Dollar. Jerome Powell may highlight the need for ‘higher for longer’ interest rates. BoJ Ueda warned about the consequences of exiting from an easy policy stance on financial institutions. The USD/JPY pair continues its winning streak for the fourth trading session […]
ARM’s Shares Fall After Chipmaker Reports Soft Guidance, Slower Growth
Image Source: Unsplash Shares of Arm (Nasdaq: ARM) fell more than 5.8% in the premarket trading on Thursday after the chip manufacturer issued an unenthusiastic outlook for the current quarter due to its high exposure to the saturated smartphone market. In addition, the company has yet to display meaningful artificial intelligence (AI) growth despite broad expectations. Arm’s Revenue Beats Estimates Arm, […]
Buying Into The US Slowdown
FX markets are reasonably quiet during this lull in the US data calendar. We had been expecting more of a Fed pushback against this drop in US rates, but Fed speakers seem quite equivocal. This has left US rates at the lows and investors seemingly starting to buy into the US slowdown – a mild dollar […]
Earnings Review: AstraZeneca Increases Profit Outlook, Reports 17% EPS Growth
Image Source: Unsplash AstraZeneca (AZN) reported an EPS of $1.73 for Q3 2023 and $5.8 for 9M 2023. Key Highlights Total Revenue Increase: In 9M 2023, there was a 5% increase in total revenue and a 17% increase in Core EPS compared to the same period in the previous year. 2023 Guidance Update: The 2023 guidance has been […]
Food Prices Drive China’s CPI Lower While The Greenback Is Mostly Firmer In Narrow Ranges
The dollar is mostly firmer against the G10 currencies and has been confined to tight ranges through the European morning. Outside of the China’s deflation and Japan’s monthly portfolio flow data that showed Japanese investors bought the most amount of US Treasuries (~$22 bln) in six months in September, the news stream is light. Most […]
Elliott Wave Technical Analysis: Tesla Inc. – Thursday, Nov. 9
Image Source: Unsplash Tesla Inc., Elliott Wave Technical AnalysisTesla Inc., (Nasdaq: TSLA): 4h Chart, 9 November 2023TSLA Stock Market Analysis: Looking for upside into potential wave I as we successfully turned higher after the anticipated bottom in wave (c). Looking for one more leg higher before a potential pullback in wave ii.TSLA Elliott Wave Count: Wave i of (i).TSLA […]
Two Trades To Watch: EUR/USD, USD/JPY Outlook
Image Source: Unsplash EUR/USD holds above 1.07 ahead of ECB Lagarde & Powell’s speech Hawkish comments from the ECB Chief economist support the EUR Recession concerns linger EUR/USD holds above 1.07, resistance seen at 1.0750 EUR/USD is holding steady above 1 07 after modest gains in the previous session. Investors wait cautiously for speeches from ECB […]
