Category Archive: Finance, No picture
PMI Says Recession, Reality Says Otherwise
Image Source: Pexels PMI is based on surveys, while industrial production is based on actual production. It is a crazy election year, and people are mildly freaking out. Their “outlook” for the future can be opposites depending on their political views. This will cause all “sentiment” indicators to be completely unreliable…Just focus on what is actually […]
Super Micro Shares Up 15% As AI Servers And Liquid Cooling Solutions Deliver Positive News
Image Source: Unsplash Super Micro Computer Inc. (SMCI), a key player in AI-driven data centers, reported robust sales of its liquid cooling solutions and server systems, offering relief to investors after a tough year.Shares of the California-based company surged 15% on Monday, as the AI-driven stock continues to rebound despite earlier setbacks. Supermicro stock still carries […]
Three Strong Reasons To Buy NXP Stock After UBS Upgrade
↵Image Source: Unsplash UBS has upgraded NXP semiconductors to Buy, raising the price target to $285 from the previous $275.The analysts have pointed out that despite outperforming its peers, the company continues to trade at a discount due to de-rating, making it an attractive buy even after the outperformance.NXP’s recent success has come on the back […]
U.S. Market Rates Peacock, But For How Long?
↵Image Source: Pexels US market rates have a strut about them. And why not. Jobs galore is seems (latest payrolls report). We’d called for a backup in rates. What’s next? We’re at near completion of the first leg of our post-rate-hike process. That builds room for a reversion back down. But don’t get too carried away, […]
Here’s Where We Are In The Bitcoin Bull Cycle According To The Wall Street Cheat Sheet
Image Source: Unsplash The Wall Street Cheat Sheet has been around for years now and is often passed around in finance circles, so Bitcoin has not been left out. The cheat sheet shows different stages of each market cycle, using sentiment to track where in the cycle a particular asset is. With the Bitcoin market seeming to […]
Moo Deng, Popcat, and Neiro soar as meme coin market cap hits $55 billion
Key Takeaways Moodeng’s market value increased by 480% following social media support from Vitalik Buterin. Meme coins dominate as Popcat and Moodeng push market cap toward $55 billion. Share this article The meme coin market cap has surged to nearly $55 billion, driven by the explosive growth of tokens like Moo Deng, Popcat, Neiro, and […]
Inflation Trade Goes 3/3
Image Source: Unsplash Over the past few weeks, I’ve been adamant that the Fed is playing a dangerous game on the inflation front.Starting another round of money printing before long-term inflation targets have been achieved isn’t just reckless, but borderline negligent.So, I’m not surprised to see that an inflationary sector led the market again last week. […]
Mastercard Inc. Stock Elliott Wave Technical Analysis
Image Source: Unsplash MA Elliott Wave Analysis Trading Lounge Daily Chart,Mastercard Inc.,(MA) Daily ChartMA Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor wave 3DIRECTION: Upside within wave 3.DETAILS: Looking for upside within wave 3 in what could be an extension in wave 3. Mastercard Inc., (MA) 1H ChartMA Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minute wave […]
The Canadian Cannabis Report – Monday Oct. 7
For the trading week ended October 7, 2024 my proprietary Canadian Cannabis Company Index MCCCI decreased by 2.0% compared to the prior week when it increased by 1.1%. The index consists of 14 stocks, many of which are among the most widely held holdings of the 3 ETFs (MJ, CNBS, and THCX) that I consider […]
Softs Report – Monday, Oct. 7
COTTON General Comments: Cotton was a little higher last week in range trading as continued stressful weather was seen in the south but export demand was less. There are still ideas and reports of weaker demand potential against an outlook for improved US production in the coming year. There have been demand concerns about Bangladesh […]
