Category Archive: Finance, No picture
Hanesbrands: No Signs Of Recovery Just Yet
Image Source: Unsplash IntroductionAlthough Hanesbrands (NYSE: HBI) is in the midst of a multi-year turnaround plan, the company is currently generating negative Net Operating Income and negative margins. The discrepancy between expectations and actual results raises important questions about the company’s strategic decisions and its ability to achieve its long-term objectives.My outlook for Hanesbrands is moderately […]
Daily Market Outlook – Thursday, Nov. 9
Image Source: Unsplash Asia – stocks were mostly on the rise today, taking cues from a positive trend on Wall Street. Across most major markets in the Asia-Pacific region, things were looking green, although Chinese markets didn’t quite keep up the momentum. The Nikkei 225 had a strong start, benefiting from recent weakness in the JPY, […]
EIA Short Term Energy Outlook Forecast For Oil, And The Impact Of Sanctions
Image Source: UnsplashAs reported yesterday:Source: EIA.EIA also released yesterday an interesting analysis indicating that sanctions had reduced Russian oil production. No given quantity is expressed, but inferences are made on the basis of the difference between the February 2022 forecast, and actual outcomes.Source: EIA (2023).The impact of sanctions is also illustrated by the (continued) discount of Urals vs. […]
4-Hour Chart Elliott Wave Technical Analysis: USDJPY – Thursday, November 9
Image Source: UnsplashUSDJPY Elliott Wave Analysis Trading Lounge 4 Hour Chart, 9 November 23U.S.Dollar/Japanese Yen (USDJPY) 4 Hour ChartUSDJPY Elliott Wave Technical AnalysisFunction: Counter TrendMode: Motive(ending diagonal)Structure: red wave 5 of CPosition: Z OF BDirection Next Lower Degrees: new Downtrend Details: wave 4 of C is looking completed at 149.185, now wave 5 of C is in […]
All Things Gold – Government Default Could Mean Lower Gold Price
Image Source: UnsplashALL THINGS GOLDIn the world of “all things gold”, every event is viewed within the context of how it will affect gold prices – on the upside.Earlier this year, it was bank failures. Before that and since then, the focus was/is on the Fed with regards to a possible reduction of interest rates.Two years […]
Elliott Wave Technical Analysis: ETHUSD – Thursday, November 9
Image Source: Unsplash Elliott Wave Analysis TradingLounge Daily Chart, 9 November 23, Ethereum/ U.S. dollar(ETHUSD) ETHUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave ((3)) Direction Next higher Degrees: wave 1 of Impulse Wave Cancel invalid level: Details: The correction is likely to end at the level of 1520. A five-wave […]
This Range Reversal Could Be Our Biggest Win Of The Week
Image Source: UnsplashAmazing day today – let’s do it again!Markets are bullish into the close, but there’s ONE BIG CLUE telling us this Range Reversal might be our easiest win of the week!Emini and Nasdaq finally gave us that deep pullback we’d been waiting for, but they failed to finish the job!Now with momentum shifting for […]
The Commodities Feed: Brent Settles Below $80
Image Source: UnsplashEnergy – Brent below $80/bblThe downward pressure in oil continued with ICE Brent settling more than 2.5% lower, leaving it below US$80/bbl. This is the first time since July that Brent has settled below this level. A lot of support has evaporated after the market broke below the 200-day moving average earlier this week. […]
A Different Kind Of Gap
Image Source: UnsplashYesterday, I bought puts in the clothing manufacturer/retailer Gap (GPS). I based the trade on the resistance line I’ve drawn below, and it was made easier by the surprising fact that this seller-of-jeans-and-t-shirts has a P/E of almost 50!More By This Author:What The Fed Is Watching? Color Me Dumbstruck By XerxesLooking Back At FTX […]
Green Thumb Q3 Financial Metrics Are All Up
Green Thumb Industries Green Thumb Industries Inc. (CSE: GTII|OTCQX: GTBIF) reported its financial results today for the third quarter (Q3) that ended September 30, 2023. Financial results are reported in U.S. dollars and are in comparison to those reported in Q1. Q3 Financial Highlights Revenue: UP 9.1% to $275.4M Gross Profit: UP 6.8% to $133.8M as a % of revenue: DOWN […]
