Category Archive: Finance, No picture
2024 Q1 Earnings Loom: What Can Investors Expect?
Image Source: Unsplash The market’s reaction to quarterly results from Adobe (ADBE – Free Report) and Oracle (ORCL – Free Report) can be seen as an early sign of what to expect as other companies come out with their March-quarter reporting cycle.Investors loved the Oracle report, seeing the results and guidance reflective of an improving demand environment. Market participants had […]
The Best Contrarian Indicator
Image Source: Pexels Government investments rarely work out the way they are supposed to. From Solyndra to California’s High Speed Rail project to the Big Dig to the UK government selling off gold at the lows at the turn of the century, governments just aren’t very good at the investment thing. The UK gold-selling incident is […]
Market Correlation Is Causation For Concern
Image Source: Pexels “The correlation between the Big Tech stocks and the rest of the S&P 500 is low, compared to history”, says a recently published Barclays note. I kind of agree.The big guys are right once in a while. But the note goes on to say that Big Tech/S&P 500 correlation actually spikes when markets […]
Maybe Wages Being Up 21 Percent Has Something To Do With Prices Not Going Back Down
Image Source: Pexels The media have run endless pieces about people being upset because prices are not falling back to their pre-pandemic level. They treat this as some great mystery that has people endlessly annoyed. The Wall Street Journal gave us the latest entry in this genre, a piece headlined, “we still don’t believe how much things cost”.There […]
SMCI: Super Vulnerable
Image Source: Unsplash Super Micro Computer (SMCI) sounds like the kind of 1980s-style computer company name that I grew up with (as does their logo), but its old-school vibe hasn’t affected its new-school buzz. Between the AI and crypto bubbles, this stock has been propelled insanely high, and I’d say it has a LOT to prove […]
Silver Is Acting Exactly Like It Did From 1968 To 1973
Image Source: Unsplash Silver is always late to the party, but it always sprints to the finish line and wins the race. It’s like the hare, except in this parable, the hare beats the tortoise. It’s happened twice before.From 1968 to 1973 with a parabolic spike in 1974, and from 1974 to 1979, with a parabolic […]
Navigating SoFi Technologies’ Price Dip: Will $6.5 Support Hold?
Image Source: Unsplash Online financial services company, SoFi Technologies, Inc. (Nasdaq: SOFI) has experienced a significant decline in its stock value this month, plummeting by 22% since the beginning of March.This decline was triggered by SoFi’s announcement on March 5 of a private offering of $750 million in unsecured convertible senior notes set to mature on […]
Triple Witch And SMCI Converge Today
Image Source: Pexels Today is a crucial expiration, particularly for holders of SMCI and its options. Spoiler alert – don’t turn off your screen for the weekend when the market closes.Did anyone remember (or care) that today is a triple-witching Friday? Sure, they’ve been overshadowed by weekly and now daily expirations, but it is important to […]
Zillow Stock Price Forecast: The Plot Thickens
Image Source: Unsplash Zillow’s (Nasdaq: Z) stock price has come under intense pressure. It plunged by more than 10% on Friday, reaching a low of $49.12, its lowest level since December 13th. It has slipped by 20% from its YTD high, meaning it is now in a bear market. Zillow woes continue Zillow is one of […]
China’s Weak Credit Growth At Start Of Year Signals More Room For Policy Support
Image Source: Unsplash Credit indicators showed weak activity in the first two months of the year The People’s Bank of China published credit indicators for February after the Friday market close. Unlike the usual monthly release, the PBoC released data in a year-to-date form, likely to avoid the distortion from seasonality. For the first two months […]
