Category Archive: Finance, No picture
Hoot Of The Day: Ford Wants Stricter Tailpipe Emissions
Image Source: UnsplashFord (F) has gone to courts, siding with Biden to defend the EPA’s rules on tailpipe emissions.Ford bet on EVs and failed. Its backup plan is to force the rest of the automakers to comply with the EPA’s new rules. The Wall Street Journal calls this Ford’s EV Stockholm Syndrome. “Ford has taken steps to […]
Asia Morning Bites For Monday, May 27
Image Source: Unsplash Global Macro and Markets Global Markets: Friday was a fairly quiet day for US macro data, and that was also reflected in the US Treasury market, where there was no significant movement in either 2Y or 10Y yields. The 10Y Treasury yield is currently 4.465%. The US is out for Memorial Day today. […]
Economic Data Forecasts For The Weeks Of May 27 & June 3
Here are my forecasts for upcoming economic data. Forecast Prior Observation May 23 Initial Unemployment Claims 215K 222 Chicago Fed National Activity Index – April 0.15 0.15 PMI Manufacturing Flash Index – May 51.0 50.0 PMI Services Flash 52.3 51.3 […]
Comex Data Continues To Show A Market Under Stress
Image Source: UnsplashThe Comex report for last month correctly identified a potential big move in silver while the same report two months ago preceded a massive up move for the price of gold. The data this month is not as obvious or compelling, but it is clear the stress on the Comex continues to build.The CME Comex is the Exchange […]
AUD/USD Gathers Strength Above 0.6630 On Weaker US Dollar
Image Source: Unsplash AUD/USD kicks off the new week on a positive note around 0.6632 on Monday. The US Durable Goods Orders came in better than expected; the UoM Consumer Sentiment Index was above the consensus. The hawkish stance of the RBA might support the Aussie in the near term ahead of Australian key data this week. The AUD/USD pair […]
FX Daily: ECB Looking Through Higher Wages
Image Source: UnsplashThe dollar has had a good week ahead of the Memorial Day holiday, and we still think the USD/JPY currency pair can stay supported in the coming days. The EUR/USD and EUR/GBP pairs, however, look more likely to find some support than fall much further, as the ECB’s sanguine view on wages should not prevent […]
On Holding AG: An Up-And-Coming Athletic Shoe Company With Attractive Growth
Image Source: UnsplashThe market’s good-looking rebound has continued recently. Right now, the intermediate-term (and longer-term) trends are up for the market’s major indexes, too. Our top pick is On Holding AG (ONON), which is wild and woolly but appears to be finally getting going after a long, tedious consolidation, highlights Mike Cintolo, editor of Cabot Top Ten Trader.The big attraction […]
Climbing The Wall Of Worry
Image Source: PexelsThe S&P 500 was in a precarious position this past week, but my key area within the 5,265 to low 5,270 range held on Thursday, and I preferred a long bias going into Friday. The key goods orders data came in above expectations, but it was not as hot as feared. Therefore, stocks ran with it – […]
Nvidia: What The Tech Giant Said After Blowing Away Estimates
Image Source: UnsplashConcerns about the path of rates put pressure on stocks going into Nvidia Corp.’s (NVDA) earnings, but prices bounced back for a while after the tech giant’s results once again beat expectations. Notably, it was one of the first days I can recall where Stocktwits sentiment for the four major indexes was in bearish or extremely […]
Hunting For Gains In Penny Stocks
TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Image Source: UnsplashThursday started like any other morning. I sat down, scans ready, and found myself staring at nothing. With my usual filter set to a minimum price of 50 cents a share, the leading percentage gainer […]
