Category Archive: Finance, No picture
Palo Alto Networks Reports 15% Growth In Q3 Revenue: Stock Is Still Losing
Image Source: Unsplash Palo Alto Networks Inc (Nasdaq: PANW) is trading down in extended hours on Monday even though it came in ahead of Street estimates for its third financial quarter. Palo Alto Networks stock down in muted guidance Investors are concerned because PANW issued somewhat of a muted guidance for the future. The cybersecurity company forecasts its […]
Wall Street “Still Learning Role Of Uranium In Energy Transition, Suggest Upside In Space”
Image Source: Pexels The environment for uranium and nuclear power has never been better as the atomic energy sector’s revival is being shifted into high gear for this very reason: A ChatGPT search requires 10x as much power as a traditional Google search pic.twitter.com/khdSbvxsOH — zerohedge (@zerohedge) May 19, 2024 Yes, artificial intelligence data centers and the urgent need […]
Record Millions Of Prime-Age Adults Giving Up On Ever Finding Work
Image Source: Pexels While the official unemployment rate remains at a low 3.9%, there is an epidemic in the US and other Western countries of men — and now increasingly women — without work.These are millions of otherwise able-bodied working-age adults who have given up on finding work, often driven to do so out of frustration […]
Grayscale appoints Goldman Sachs exec as new CEO
Grayscale Investments’ Michael Sonnenshein is stepping down as CEO after over a decade of working with the crypto asset management firm. Grayscale has appointed Peter Mintzberg, currently the global head of strategy for asset and wealth management at Goldman Sachs Asset Management.Prior to his role at Goldman Sachs, Mintzberg held global leadership roles in Strategy, […]
Why Did VIX Close At Long-Term Lows Last Week?
Image Source: Unsplash Friday’s close on the Cboe Volatility Index (VIX) caught my eye. It finished the week at 11.99, the first time that VIX closed with an 11 handle since November 2019 – just before that year’s Thanksgiving holiday. While US markets are closed for Memorial Day next Monday [i], I don’t believe that is playing […]
Platinum Price Analysis: Bearish Engulfing Pattern Forms
Image Source: Pexels Platinum price has been in a strong uptrend this year, joining other industrial metals like copper and zinc. It has also joined other precious metals like silver and gold, which have been in a strong bull run. It soared to a high of $1,095 on Monday, its highest level since March 11th.Platinum has also […]
Why Tesla’s Stock Can’t Break Above $200
Image Source: Pexels Shares of Tesla Inc. (Nasdaq: TSLA) are currently trading near $178, reflecting a significant dip from its all-time high of over $400. However, this price is a recovery from its January 2023 low of around $100. While Tesla’s stock performance has been a roller coaster over the past few years, recent earnings and news has made […]
FTSE – HSBC Upgrades UK Plc To Overweight
Image Source: Pexels On Monday, HSBC increased its rating on British stocks from neutral to overweight, pointing to their low valuations, rising commodity prices and bond yields, as well as the attractive dividend yields of UK shares and the resolution of the long-standing issue of pension fund selling. They also raised their target price for the […]
Genesis settles for $2 billion in New York AG crypto case
New York Attorney General Letitia James has reached a $2 billion settlement with crypto lender Genesis to repay their investors, as reported by CNBC. Genesis, a central figure within the Digital Currency Group (DCG), succumbed to the industry-wide impact following FTX’s collapse, leading to a Chapter 11 bankruptcy filing in January 2023. “This historic settlement […]
3 Communication Services Funds To Buy As The Sector Remains Solid
Image Source: Unsplash Communication Services did quite well in 2023, ending just behind the broader tech sector that it is part of. However, as of April 2024, the sector grew 31.3% over the prior 12 months, keeping just ahead of the tech sector.The communication services segment is relatively new, created by combining FANG stocks with the telecom […]
