Daily Market Outlook – Friday, Nov. 22
Nov 22, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash Russia lowered its threshold for using nuclear weapons and fired a hypersonic ballistic missile at Ukraine, sending gold on its way to its biggest weekly gain in almost eight months and the euro hovering at a 13-month low. In addition to driving investors to safe havens and pushing European gas prices to a […]
Current Report: Vital KSK Holdings
Nov 22, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash Vital KSK Holdings (VKSKF) is engaged in the wholesaling and retailing of pharmaceutical products. It operates through the Pharmaceutical Wholesale and Other segments.The Pharmaceutical Wholesale segment sells medicines, diagnostics, and medical devices to hospitals, medical institutions, and health practitioners.The Other segment includes the retailing of pharmaceutical products, wholesaling of agrochemical and veterinary drugs, […]
EUR/GBP Gathers Strength Above 0.8300 After Downbeat UK Retail Sales Data
Nov 22, 2024
Jeremy Parkinson
Finance, No picture
The EUR/GBP cross gains momentum to near 0.8330 during the early European session on Friday. The Pound Sterling (GBP) weakens after the release of UK Retail Sales data for October. Later on Friday, traders await the preliminary Eurozone HCOB Purchasing Managers Index (PMI) and the European Central Bank’s (ECB) President Lagarde speech for fresh impetus. Data released by the Office for National Statistics […]
Gap Stock Soars 15% On Strong Holiday Sales, Raised Forecast
Nov 22, 2024
Jeremy Parkinson
Finance, No picture
Gap Inc. (GAP) is experiencing a resurgence, fueled by robust holiday demand and a successful turnaround strategy.The company raised its annual sales forecast on Thursday, sending shares soaring 15% in extended trading.This positive momentum marks the fourth consecutive quarter of sales growth for the Old Navy parent company, exceeding profit expectations and solidifying CEO Richard […]
FX Daily: Big PMI Day For The Euro
Nov 22, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash A combination of factors are contributing to the strong dollar, and with geopolitical risks on the rise, we believe it may be risky to try and pick a bottom in EUR/USD just yet. Incidentally, PMIs may be decent for the eurozone but grim for Germany, which could be enough for markets to price in […]
Using Compounding To Overcome A Shortfall In Retirement Savings
Nov 22, 2024
Jeremy Parkinson
Finance, No picture
I believe financial advisers often seem to assume their clients have a time machine. They like to explain that, with enough time, anyone can enjoy a financially secure retirement. For example, if you invest $200 a month every month for 40 years, your account will be worth $1.2 million if stocks gain an average of […]
XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure
Nov 22, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways XRP’s price surged 25% amid speculation of reduced SEC enforcement post-Gensler. Pantera anticipates fewer SEC lawsuits and possible dismissals after Gensler’s departure. Share this article Ripple’s XRP token rose by 25% on Friday to above $1.4, maintaining its upward trajectory after SEC Chair Gary Gensler announced his term will officially conclude on January […]
American Express Co DCF Valuation: Is The Stock Undervalued?
Nov 22, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash As part of a new series, each week we typically conduct a DCF on one of the companies in our screens. This week we thought we’d take a look at one of the stocks that is not currently in our screens, American Express Co (AXP). ProfileAmerican Express is a global financial institution, operating […]
3 Dividend Aristocrat Utilities To Power Your Portfolio
Nov 21, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash Dividend longevity is a highly desirable trait for income investors, and for good reason. Companies that have proven to stand the test of time, including competitive headwinds, recessions, and other threats to earnings, typically afford investors the ability to accrue significant wealth over time. Most companies cannot meet these strict requirements for dividend longevity, […]
The Market Is Betting On A New U.S. Manufacturing Boom
Nov 21, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash After spending decades dismantling and exporting American industries, the folks in D.C. are suddenly all about bringing them back. And they’re having some success, to be sure.From where I’m standing, the market agrees. In fact, it looks like this trend is only going to accelerate. Industrial stocks, as tracked by the Industrial Select […]