Category Archive: Finance, No picture
Merck Tops Q4 Earnings And Revenue Estimates
Image Source: Unsplash Merck (MRK – Free Report) came out with quarterly earnings of $1.72 per share, beating the Zacks Consensus Estimate of $1.69 per share. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.78%. A quarter ago, it was expected […]
Coinbase calls for Fed, FDIC, and OCC to remove regulatory roadblocks for crypto banking
Key Takeaways Coinbase is urging US banking regulators to enable banks to offer crypto custody and trading services. Coinbase seeks confirmation that state-chartered banks can provide and outsource crypto services under current laws. Share this article Coinbase is calling on US banking regulators to revise their stance on crypto services, pushing for changes that would […]
With Tariffs Of The Table, Focus Returns To Earnings
Photo by Jerome Monta on Unsplash US Futures and overseas markets began the day playing out as everyone had envisioned, given Trump’s weekend tariff declarations. US markets opened also as expected up until Mexico’s president announced on “X” that a tacit agreement had been reached that involved Mexico bolstering its border with 10,000 officers and the US pledging […]
Pfizer Reports Better Than Expected Q4 Results
Image Source: Unsplash Pfizer Inc. (NYSE: PFE) reported a strong performance for the fourth quarter of 2024, with revenues reaching $17.8 billion, representing a 21% operational increase compared to the same period in the previous year. This growth was significantly driven by the company’s biopharmaceuticals business, which saw a 22% operational increase in revenues. Excluding contributions from Paxlovid […]
Two Trades To Watch: EUR/USD, FTSE Forecast – Tuesday, Feb. 4
Image Source: Unsplash FTSE falls as Trump’s tariff rollercoaster continues US tariffs on China take effect Vodafone falls 5% after results FTSE eases back from ATH The FTSE 100, along with its European peers, is heading lower again, extending the tariff-driven selloff from the previous session.President Trump agreed on Monday to postpone 25% tariffs on Canada’s […]
Brinkmanship And Theater
After yesterday’s wild gyrations, the foreign exchange market calm. US dollar losses seen as the tariffs on Mexico and Canada were postponed with what many observers see as minor concessions, though Canada is going to have a fentanyl czar have not been extended and a consolidative tone has emerged. The 10% tariffs om China were […]
Momentum Strategies: Profitability, Predictability, And Risk Management
Image Source: Unsplash Momentum strategies have long been a cornerstone of investing, relying on the premise that past winners continue to outperform in the near future. This post explores the effectiveness of momentum strategies, analyzing their ability to generate abnormal returns and assessing their viability in different markets. While previous research has demonstrated the profitability of […]
USD/CAD Trades Cautiously Above 1.4400 As Trump Delays Tariffs On Canada
The USD/CAD pair trades with caution around 1.4430 in Tuesday’s European session. The Loonie pair is almost 2.6% down from its Monday’s high of 1.4800 as the Canadian Dollar (CAD) strengthens after United States (US) President Donald Trump postponed his order to impose 25% tariffs on Canada and Mexico.President Trump decided to delay tariff plans for 30 […]
Uber Stock Forecast Ahead Of Earnings: Buy, Sell Or Hold?
Image Source: Unsplash Uber stock price has retreated in the past few months. The company will publish its fourth-quarter and full-year earnings. Uber and Wall Street analysts believe that it is undervalued. Uber stock price has remained in a technical bear market after falling by over 22% from its highest point in 2024. This retreat […]
Forex Today: Mexico And Canada Temporarily Cave Into Trump Tariff Pressure
Image Source: Unsplash Mexico and Canada made enough concessions to US pressure for the US to suspend the new tariffs for one month, a wider deal may now be negotiated. Market news remains dominated by tariffs. The USA implemented new tariffs against Mexico (25%), Canada (25% except energies at 10%), and China (10%). The new tariffs […]
