Category Archive: Finance, No picture
Bull Of The Day: Tactile Systems Technology
Tactile Systems Technology is a Zacks Rank #2 (Buy) that has an A for Value and a C for Growth. The company develops medical devices for the treatment of chronic diseases at home. Let’s explore more about this company in this Bull of The Day article. DescriptionTactile Systems Technology, Inc. engages in developing and providing medical devices […]
S&P 500 Weekly Action Areas & Price Objectives – Monday, Nov. 18
Image Source: Unsplash In this update, we review the recent price action in the emini SP500 futures contract and identify high probability action areas & price objectives for the trading week ahead.Video Length: 00:07:34More By This Author:Daily Market Outlook – Monday, Nov. 18 FTSE Fighting To Defend 8K Daily Market Outlook – Friday, Nov. 15
Super Micro Computer Faces Client Exodus: What’s Behind It?
Image Source: Unsplash Nvidia and YTL Corp are switching from SMCI to more stable suppliers. Cisco plans on making life more difficult for Super Micro Computer as well. Supermicro stock is up on optimism that it will avoid a delisting today. Super Micro Computer Inc (Nasdaq: SMCI) may succeed in avoiding a delisting as it […]
MicroStrategy buys $4.6 billion in Bitcoin, boosts holdings to nearly $30 billion
Key Takeaways MicroStrategy acquired 51,780 Bitcoin for $4.6 billion between November 11 and November 17. The company’s total Bitcoin holdings now approach $30 billion in market value. Share this article MicroStrategy announced today it had acquired 51,780 Bitcoin in a series of purchases made between November 11 and November 17, paying an average price of […]
What’s Already Priced In
Image Source: Unsplash As per our opening call, it will be interesting to see how things play out in the world of FX this week. The fact that the market has now taken a good amount of time to digest the Trump victory in the US election could mean that we have already seen most of […]
Oil Is Growing Amid Escalation In Eastern Europe
Image Source: Unsplash At the end of Friday, the Dow Jones (US30) fell by 0.70% (-1.39% for the week). The S&P 500 Index (US500) was down 1.23% (for the week -2.30%). The Nasdaq Technology Index (US100) was down 2.40% (-3.67% for the week). Wall Street saw a sharp decline on Friday as investors evaluated Fed Chair […]
Nvidia’s New AI Chips Reported To Have Overheating Issues, Stock Dips
Image Source: Unsplash Nvidia Corporation (Nasdaq: NVDA) is reportedly grappling with technical challenges related to its latest Blackwell AI chips. These chips, which are essential components for advanced data processing, have been reported to overheat when installed in server racks designed to accommodate up to 72 units.This overheating issue has emerged as a significant concern for Nvidia, which had […]
AUD/USD Stabilises Amid RBA’s Hawkish Outlook
Image Source: Unsplash AUD/USD is showing signs of stabilization near 0.6465, marking its second consecutive session of attempts to recover.The Australian dollar finds some support from the hawkish comments made by Reserve Bank of Australia (RBA) Governor Michele Bullock. Bullock stated that interest rates are restrictive and will remain so until the RBA is fully assured […]
S&P 500 Sets And Retreats From New Record High On Bearish Expectations Of Fewer Rate Cuts
The S&P 500 (Index: SPX) definitively broke through the 6,000 level on Monday, 8 November 2024, closing at an all-time record high of 6,001.35 that day.Unfortunately, by the end of the week, the index fell by 2.2% from that new high to end the week at 5,870.62.The precipitating event for that drop came on Thursday, 14 November […]
No Respite In Sight For Weak Oil Prices Even With Heightened Geopolitical Tensions
Image Source: Unsplash Oil prices edged up on Monday on escalating tensions between Russia and Ukraine. Gloomy demand outlooks for growth in oil consumption may keep oil prices subdued in the near term. Experts also fear a significant oversupply in the oil market in 2025 as non-OPEC production expected to surge. Oil prices were slightly […]
