Category Archive: Finance, No picture
Take A Look: Only These 17 AI Stocks Are Undervalued
Image Source: Unsplash An Introduction PEG ratios go up and down as stock prices change and the major decline (-13.2%) last week in the 17 “best value” AI stocks has resulted in changes to their PEG ratios so, if you’re looking for AI companies primed for revenue and earnings growth, strong profitability, and upward analyst revisions, […]
ETH could thrive with or without spot Ethereum ETFs
The approval of US spot Ethereum exchange-traded funds (ETFs) could enhance Ethereum’s market valuation. However, even if these ETFs are rejected, it may merely be a bump in the road rather than a roadblock, suggested Jupiter Zheng, Head of Research at HashKey Capital. “If the ETF is denied, it will not be that bearish, as […]
SAP Says It’s ‘Off To A Great Start In 2024’ After Q1 Earnings
Image Source: Unsplash SAP SE (SAP) is trading down in extended hours after coming in shy of Street estimates for per-share earnings in Q1. SAP remains bullish for 2024 On the plus side, the software giant reiterated its outlook for 2024 on Monday.SAP ended its recent quarter with €14.2 billion ($15.13 billion) of cloud backlog which […]
After Monday’s Relief Rally, Attention Shifts To Earnings And Policy Fronts
Image Source: Pexels With the easing of tensions in the Middle East, safe-haven demand reversed course; global stock markets experienced a modicum of relief. Indeed, in a classic relief rally fashion, Monday saw a rebound in the S&P 500, snapping a six-day losing streak. Yet, investors remain highly cautious on both the earnings and policy fronts.The […]
Rates Spark: Diverging ECB Views Increases Uncertainty
ECB comments on the path beyond June have become more dispersed, with the hawks warning it is premature to discuss cuts beyond June, while some doves now flag more than 100bp of cuts as a possibility. To us this implies the outlook beyond June is less anchored overall, meaning it could be more prone to correct higher near-term […]
Here’s What You’ve Got To Watch For As Earnings Ramp Up
↵Image Source: Pexels Stocks rallied back strongly today after shaving off more than 1% last week, but the buying fizzled heading into the close. It was gold, which until recently had been rock-solid, that took the biggest hit as traders took profits. But the question on every trader’s mind right now has to be: “Can we […]
Bitcoin on-chain metrics are “decidedly positive” after the halving, highlights Bitfinex report
The Bitcoin (BTC) on-chain dynamics after its fourth halving indicate that BTC exchange outflows are reaching peaks not seen since January 2023 and that the market is showing a “robust absorption” of selling pressure. According to the latest edition of the “Bitfinex Alpha” report, those are “decidedly positive” on-chain metrics.Since the SEC’s approval of spot Bitcoin […]
The ‘Mag Seven’ Components Take Big Hits As Boring May Becoming Beautiful
Image Source: Unsplash — Friday’s trade makes you wonder if the game is not over for the “Magnificent Seven”.— There appears to be a real divergence going on between those stocks that are considered economically sensitive and those previously considered ‘bullet proof’ – Big Tech.— The market seems to finally be getting comfortable that the Fed message of […]
Ford Gears Up To Report Q1 Earnings: What’s In The Cards?
↵Image Source: Unsplash Ford (F – Free Report) is slated to release first-quarter 2024 results on Apr 24, after the closing bell. The Zacks Consensus Estimate for the to-be-reported quarter’s sales and earnings is pegged at $40.64 billion and 42 cents per share, respectively.The bottom-line projection implies a year-over-year decline of 33.33%. The Zacks Consensus Estimate for Ford’s first-quarter earnings per […]
“Bitcoin has only parabolic upside after the current accumulation phase”: Rekt Capital
Bitcoin (BTC) underwent its fourth halving event on April 20 and its price rose by roughly 4% since then. According to an X post by trader Rekt Capital, this is because BTC is in its “Post-Halving Re-Accumulation phase”, which might take a few weeks to end and will be followed by a “parabolic upside.”“Bitcoin has […]
