Category Archive: Finance, No picture
Gold Projected To Hit Higher Highs
Image Source: Unsplash Gold closed the week at $2,652 (down $6 since last week) and silver at $32.19 (up $0.57). Investment banks are setting higher targets for gold as monetary warning signs flash faster. OTHER TOPICS DISCUSSED-ADP jobs below 200k for sixth straight month-Unemployment rate drops to 4.1%-Reverse repo cash surges $465b in New York Fed-Goldman […]
OpenAI’s $157 Bln Valuation Requires Hand Waving
Image Source: Unsplash It’s possible OpenAI is worth $157 billion; it just requires a bit of hand waving. Technology giants, venture capital firms, and the usual suspects in the hedge fund and investment world piled into the company started by Sam Altman to give the artificial intelligence company $6.6 billion in new funding. Assuming these investors want […]
AMD Stock Price Could Surge By 33%, But Oct. 29 Will Be Crucial
Image Source: Unsplash The AMD (Nasdaq: AMD) stock price has crawled back in the past few weeks, rising from the August low of $121.80 to the current $170. It has jumped by over 208% from its lowest point in 2020.AMD shares have jumped by over 26% this year, underperforming the VanEck Semiconductor ETF (SMH) and the […]
Natural Gas: Close To A Seasonal Ceiling
Image Source: Unsplash Natural Gas on the Nymex had a volatile week before closing 1.7% lower than the previous one at $2.85. EIA reported on Thursday a build of 55 Bcf in working underground stocks for the week ended September 27. Total inventory is currently at 3,547 bcf, 3.7% higher y/y, 5.7% above the 5-year average. […]
Should Investors Buy PepsiCo Shares Before Earnings?
Image Source: PexelsThe Q3 earnings season is just around the corner, with the big banks’ results coming next Friday. But before we get to them, a consumer staples favorite, PepsiCo (PEP – Free Report), is on the reporting docket for next week (Tuesday, October 8th) before the market opens.Let’s take a closer look at expectations for the consumer […]
Reserve Bank Of New Zealand Preview: We Expect A 50bp Cut
Image Source: PexelsWe believe the Reserve Bank of New Zealand will follow the Fed on 9 October with a half-point cut, as a sluggish activity picture and lower inflation are adding pressure to bring real rates down at a faster pace. After that, 25bp reductions appear more likely, but markets may stay on the dovish side of […]
Did Government Employment Account For Most Of September’s Employment Gains?
Image Source: PexelsZeroHedge and EJ Antoni assert yes, relying on the household series…Figure 1: Total change in civilian employment (bold black), change attributable to government employment (blue bar), to private (tan bar). Source: BLS CPS, and author’s calculations.If it seems implausible that government employment should flip-flop between positive and negative values, then you might be excused. The household survey is […]
Remain Calm And Buy Eggs
Image Source: UnsplashThe most frequently cited bullish chart on Slope is the indescribably boring Cal-Maine Foods (CALM) which sells eggs, but by God, they must be good at it, because this sucker just keeps on cranking.More By This Author:Hot JobsImportant Triangle FailureThat Tesla Trendline
Strong Quarterly & Monthly Closes For Gold, Silver & Miners
Image Source: UnsplashGold, Silver and the miners closed the week mixed after Monday, which was a strong monthly and quarterly close for the sector. We review the near-term outlook for Gold, Silver & the miner ETFs.Video Length: 00:10:57More By This Author:Gold And Silver Update: Deep Dive Into Monthly And Quarterly ChartsGold & Silver Hit Technical Targets […]
Top Stock Reports For Walmart, Adobe & Caterpillar
Image Source: UnsplashThe Zacks Research Daily presents the best research output of our analyst team. Today’s Research Daily features new research reports on 16 major stocks, including Walmart Inc. (WMT), Adobe Inc. (ADBE), and Caterpillar Inc. (CAT), as well as two micro-cap stocks Hovnanian Enterprises, Inc. (HOV) and Blue Dolphin Energy Co. (BDCO). The Zacks microcap […]
