Category Archive: Finance, No picture
ETSY Gears Up To Report Q1 Earnings: What’s In The Cards?
Image Source: Unsplash Etsy (ETSY – Free Report) is scheduled to report its first-quarter 2024 results on May 1.For the first quarter of 2024, the Zacks Consensus Estimate for revenues is pegged at $648.32 million, indicating an improvement of 1.2% from the prior-year quarter’s reported figure.The consensus mark for earnings is pegged at 49 cents per share, suggesting a […]
Meme coin Dog Go To The Moon surpasses $500 million market cap
The meme coin Dog Go To The Moon (DOG) rose 73% in the last 24 hours and surpassed $540 million in market cap, according to its creator, who identifies himself as Leonidas. DOG also surpassed $3.5 million in trading volume, data from marketplace UniSat shows.Every investor holding the Bitcoin (BTC) Ordinal “Runestone” on April 21 […]
Amid Macro Skepticism , Alphabet And Microsoft Shone Through
Image Source: Pexels MARKETAmid a challenging backdrop marked by a concerning data mix, including significantly lower-than-anticipated Q1 GDP figures alongside unexpectedly heightened price pressures, the S&P 500 staged a remarkable rebound in after-hours trading. This turnaround was propelled by a swift narrative shift catalyzed by strong earnings performances from Alphabet (GOOGL) and Microsoft (MSFT). The tech […]
Bonds, Banks And Builders Make Strange Bed Fellows
Image Source: Pexels Over the past few weeks we’ve talked about the upside in shorting bonds – and taken some positions accordingly over in the Live Trading Room.We’ve talked about weakness in homebuilders’ stocks, too, and we’ve also acted on that thesis. There are some interesting developments that suggest we could be in for lower lows […]
Google Becomes A Dividend Stock After Q1 Earnings
Image Source: Unsplash Alphabet Inc (Nasdaq: GOOGL) says it performed better than Street expectations in its first financial quarter. Shares of the tech titan are in the green in after-hours. Google stock rallies on solid ad revenue Investors are rewarding the multinational partially on solid growth in ad revenue. Google generated $61.65 billion in revenue from advertising […]
Cocoa Prices Surge Higher Into Important Resistance
Image Source: Unsplash Cocoa futures prices have rallied sharply over the past year.And the rally has really heated up over the past 3 months.Today we look at a “monthly” chart of Cocoa to highlight this rare and sharp rally.As you can see, hot Cocoa has gained 100% quicklyafter breaking out of a 23-year sideways trading pattern.The strong […]
Crypto boasts over 400 million active wallets, suggesting more investor confidence
On-chain wallet activity data suggest that investors are more active now than in the previous cycles, suggesting growing market confidence, Chainalysis highlights in its “The 2024 Crypto Spring Report.” The transfer activity during the recent market surge surpassed the peak seen in late 2020 and 2021, and the number of wallets holding a positive balance […]
Russell 2000 Earnings Dashboard 24Q1 – Thursday, April 25
Image Source: Pexels Russell 2000 Aggregate Estimates and Revisions The 24Q1 Y/Y blended earnings growth estimate is -12.0%. If the energy sector is excluded, the growth rate for the index is -2.1%. Of the 265 companies in the Russell 2000 that have reported earnings to date for 24Q1, 64.1% reported above analyst expectations. The 24Q1 Y/Y blended revenue growth estimate is -1.1%. If the energy sector is excluded, the growth rate for […]
The Middle Class Is Getting Destroyed, While Assets Are 40% Overvalued
Image Source: Pexels With the market now expecting less than 2 rate cuts this year — perhaps none at all until next year according to Bank of America — what does that mean for the economy?Can it handle “higher for even longer” interest rates without slowing markedly?Or, even worse, something systemic breaking?And what impact will these […]
Wormhole’s W token goes live on EVM chains
Wormhole launched today its native W token on Ethereum Virtual Machine-compatible blockchains, such as Ethereum, Arbitrum, Optimism, and Base, according to a blog post. This development is facilitated by Wormhole Native Token Transfers (NTT), allowing users to transfer W tokens across these different chains, on top of Solana.The recent launch marks the completion of the […]
