Category Archive: Finance, No picture
Chart Of The Day: Leonardo DRS – Mixed Opinions
Image Source: Unsplash The Chart of the Day belongs to the electronic defense company Leonardo DRS (DRS). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts […]
Real Rising Wages Are No Cure-All, As The Hungarian Retail Sector Can Confirm
Image Source: Unsplash The volume of retail sales stagnated in September despite the possible return of positive real wage growth. And that could be an indication of how long the road to normalization will take.Retail sales in Hungary aren’t getting significantly better. Based on the September figures, retail trade volumes were essentially unchanged, and the Year-on-Year […]
Teen Jobs Rise In October 2023
The employment situation for American teens picked up in October 2023.Adjusted for seasonality, the number of working Age 16-19 year olds increased over September 2023’s level, from 5,570,000 to 5,685,000. Within the teen population, the increase was concentrated among older teens (Age 18-19), while younger teens saw a smaller tick upward.At the same time, the […]
Disconnects Between Stocks, Bonds, The Dollar, And Vol Widen
Image Source: UnsplashToday was a bizarre day; maybe it was election day, and the kids were home, or maybe it was because I slept in until 6:45 AM. I couldn’t seem to get a feel for things, and that seemed mostly because there were a few big disconnects in the market. We saw rates fall, the […]
The Commodities Feed: Oil Under Pressure
Image Source: UnsplashThe oil market came under significant pressure yesterday. Brent traded down to its lowest level since July, while WTI broke below $80/bbl. There are signs that the oil balance is looking less tight and this comes at a time when concerns over supply disruptions from the Middle East ease.Energy – Brent plummetsThe oil market came under significant […]
Gilead Sciences Tops Q3 Earnings And Revenue Estimates
Image Source: UnsplashGilead Sciences (GILD) came out with quarterly earnings of $2.29 per share, beating the Zacks Consensus Estimate of $1.91 per share. This compares to earnings of $1.90 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 19.90%. A quarter ago, it was expected that […]
Current Analysis: Singapore Telecommunications
Image Source: UnsplashSingapore Telecommunications Ltd (SGAPY) is Singapore’s leading telecom company. It owns extensive wired and wireless networks offering data and voice services to a broad customer base.Singtel’s diverse investment portfolio spreads across the region. The firm wholly owns Optus in Australia and minority equity stakes in Airtel (29%) in India; Telkomsel (35%) in Indonesia; Globe […]
AUD/USD Moves Downward After RBA Dovish Statement, Trades Lower Around 0.6420
Image Source: Unsplash AUD/USD moves on a downward trajectory as the RBA delivers a dovish rate statement. RBA is concerned about the economy slowing down amid persistent inflation risks. IMF upgraded China’s GDP to grow by 5.4% in 2023 and 4.6% in 2024. AUD/USD proceeds downward with the negative bias, extending the losing streak despite the Reserve Bank […]
WTI Extends Losses After API Reports Biggest Crude Build Since Feb
Image Source: Unsplash Oil prices plunged today, closing well below the pre-Israel levels and breaking below the 200DMA for the first time since July as war risk-premia evaporate and demand fears resurgent. “While the death toll in Gaza from Israeli air strikes continues to rise to unimaginable levels, the prospect for the conflict spreading to the oil-rich […]
5 Top-Ranked Beaten-Down ETFs To Buy
Image Source: Unsplash After the third consecutive monthly loss since the onset of the COVID pandemic in March 2020, Wall Street staged a solid comeback at the start of November. Most of the gains were driven by optimism following comments from Federal Reserve Chairman Jerome Powell. Investors reacted positively to Powell’s “slightly dovish” stance on the […]
