Category Archive: Finance, No picture
Nasdaq 100 & S&P 500 Elliott Wave Update – Tue, May 29
Image Source: UnsplashBoth the Nasdaq and the S&P benefited from the continued rally in NVDA. NVDA will split 10:1 on June 7th. The rush is on to buy the stock and options. I update the EW counts and labeling, discuss a labeling change in the NQ. I’m still discussing additional upside is very likely and I again […]
A Look At Retail ETFs Post Q1 Earnings
Image Source: UnsplashThe overall first-quarter earnings picture for the retail sector has been modest. Total earnings from 95.4% of the sector’s total market capitalization reported so far are up 31.9% on 5.6% higher revenues, with 69.2% beating EPS estimates and 57.7% beating revenue estimates. However, this is a notable deceleration from the growth trend of the last few […]
Should You Buy Stock Splits?
Image Source: UnsplashMany notable stock splits have occurred in recent years, with companies aiming to increase liquidity within shares and erase barriers to entry for potential investors. Now Nvidia and Chipotle Mexican Grill now have joined the stock-split fray.Stock splits give lower share prices, making stock purchases more affordable for a greater number of investors (although […]
Transports Are Crashing Without Breaking News
Image Source: UnsplashOnce again, while semiconductors roared to new highs, Transportation as seen through IYT the ETF, sold off.Retail XRT closed marginally green after better-than-expected consumer confidence data.Regional Banks fell closer to the critical levels of support.Biotech had a bad day as well.And Bitcoin is also back-testing critical support.This is leaving a very bad taste in […]
AUD/JPY Price Analysis: Bulls Display Signs Of Fatigue, Potential Shift Remains Possible
Image Source: Unsplash Daily chart indicators suggest a slowdown in buying traction with RSI positioned above 70 indicating overbought conditions. Hourly chart indicators weaken, implying the possibility of short-term losses in the upcoming Asian session. The bulls might not have enough traction to retest the cycle highs above 105.00. In Tuesday’s session, the AUD/JPY pair continued […]
These 17 AI Stocks Are The Sector’s Most Undervalued
Image Source: Unsplash An Introduction If you’re looking for AI companies primed for revenue and earnings growth, strong profitability, and upward analyst revisions, consider investing in one or more of the stocks highlighted in this article based on their most recent current stock price relative to their forecast earnings growth over the next 12 months, i.e. their […]
Buy In May… And Stay
Image Source: Pexels Stick around the markets long enough and you’ll hear it: “Sell in May and go away.”It’s an old saying, dating from when Wall Street’s white-shoe stockbrokers (once the only game in town) fled Manhattan for a summer in the Hamptons… and volumes hit the floor. I’m sure brokers are still taking vacations, but […]
CAVA Beats Street Estimates In Fiscal Q1
Image Source: Pexels Cava Group Inc (NYSE: CAVA) is trading down in extended hours on Tuesday even though it reported market-beating financial results for its first quarter. Why is CAVA stock down in after-hours? The price action is interesting considering the management raised its guidance as well. $CAVA now forecasts up to $105 million of adjusted […]
Luxor and Bitnomial launch first Bitcoin mining derivative in the US
Bitcoin Hashrate Futures, the first fully regulated Bitcoin mining derivative product has been launched for trading in the US by Luxor Technology Corporation and Bitnomial. The product will trade under the $HUP ticker with featuring 1 petahash (PH) contract sizes through monthly durations.The derivative product is designed to increase liquidity and transparency in the Bitcoin […]
Today’s Home Price Gap Is 19% Larger Than 2008
Image Source: Pexels In this video, we look into the gap between new home prices and existing home prices.Video Length: 00:11:07More By This Author:This Indicator Declined -16% Before 2008, It’s At -9% Right Now Chart Of The Week: Corporate Profit Margins Chart Of The Week: Cyclical GDP
