Category Archive: Finance, No picture
Construction Spending At Record Highs
Image Source: Pexels I’m a little more cautious than Davison is on the economy, especially given the Atlanta Fed downgrading Q2 GDP from 4.8% to 1.9%. Remember, these numbers for spending are backward-looking, so they won’t reflect what is happening now or next month.That said, it is very hard to have a recession with these numbers […]
Canopy Growth Just Proposed Stock Sale
Image Source: Unsplash Canopy Growth Corp (Nasdaq: CGC) says it has established an “at-the-market equity program”. Shares of the cannabis firm are in the red at writing. Canopy Growth may sell up to $250 million of it stock The program will enable CGC to raise up to $250 million through selling its stock in the United States and […]
Q1 2024 U.S. Retail Scorecard – Thursday, June 6
Image Source: Unsplash To date, 191 of the 201 companies in our Retail/Restaurant Index have reported their EPS results for Q1 2024, representing 95% of the index. Of those companies that have reported their quarterly results, 73% announced profits that beat analysts’ expectations, while 1% delivered on-target results and 26% reported earnings that fell below estimates. […]
Bitcoin To $150K If Trump Wins The U.S Election – Standard Chartered
Geoff Kendrick, a Standard Chartered analyst, expects Bitcoin to hit $100,000 ahead of the U.S. Presidential elections and then $150,000 by year-end if Trump wins. He further stated that if Friday’s U.S. Non-Farm Payrolls data is favorable, Bitcoin’s price could reach a fresh all-time high over the weekend, paving the way for $80,000 by the […]
Base meme coins record double-digit gains and top other crypto sectors
Meme coins deployed on Base rose by 13% over the past 24 hours and are the crypto sector with the highest price leap in this period, according to data aggregator CoinGecko. This is also the sector with the best performance over the past seven days, posting an upside of nearly 52%.The Degen POV (POV) token […]
Three Takeaways From ECB Meeting
Photo by Dimitri Karastelev on Unsplash Christine Lagarde has refrained from giving clear forward guidance. If the eurozone economy does what the European Central Bank forecasts it will do, there will be more rate cuts coming but the risk of delay or even reversal is realThey did it. As analyzed here, the European Central Bank cut interest rates by […]
Trucks And Towers Stock Market (And Sentiment Results)…
Image Source: Unsplash During earnings season we try to cover 1-2 companies we have discussed in previous podcast|videocast(s).GXO LogisticsTo see our original note about GXO click here. Cyclicals are ready for their turn at the plate. The Fed will be the catalyst:The most important section of this release is the 2027 targets – which imply the business will nearly […]
Fleek teams up with Polygon Labs to boost on-chain cloud solutions
Computing platform Fleek has joined hands with Polygon Labs to provide web services for Polygon CDK projects. According to today’s announcement, the strategic partnership aims to deliver a new class of highly performant, permissionless web services built atop Fleek’s on-chain cloud infrastructure. Additionally, Fleek unveiled its first public testnet. “We are thrilled to team up […]
The Energy Report: OPEC And Other Oils
Image Source: Unsplash Oil prices are trying to bottom, again, as OPEC Plus tries to calm the markets surrounding its oil production cut tapering plans and after the Energy Information Administration (EIA) report that suggests that while gasoline demand and diesel demand fell, the demand for those mysterious “other oils” surged.Oh yes! The EIA has heads […]
Elliott Wave Technical Analysis: Spotify Technology
Image Source: Unsplash SPOT Elliott Wave Analysis Trading Lounge Daily Chart,Spotify Technology S.A. (SPOT) Daily ChartSPOT Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor 5.DIRECTION: Upside in Minor 5 DETAILS: Looking for upside into Minor wave 5, 0.618 5 vs. 1 stands at 500$. It’s also possible we have had wave {iv} instead of 4.SPOT Elliott Wave Analysis Trading […]
