Category Archive: Finance, No picture
FTSE Limping Into The Close, Reckitt Investors Riled As Lawsuit Weighs
Image Source: Pexels On Friday, the UK’s FTSE 100 remained relatively stable as investors monitored the global negative sentiment, with persistent U.S. inflation dampening hopes for interest rate reductions. Meanwhile, Vodafone saw an increase in its shares after selling its Italian division. The FTSE 100, which is heavily reliant on exports, maintained its position around the […]
S&P 500 Earnings Dashboard 23Q4 – Friday, March 15
Image Source: Unsplash S&P 500 Aggregate Estimates and Revisions The 23Q4 Y/Y blended earnings growth estimate is 10.0%. If the energy sector is excluded, the growth rate for the index is 13.6%. Of the 498 companies in the S&P 500 that have reported earnings to date for 23Q4, 76.1% reported above analyst expectations. This compares to a long-term average of 66%. The 23Q4 Y/Y blended revenue growth estimate is 3.7%. If the […]
Adobe’s Shares Plummet As Quarterly Guidance Falls Short, Analysts Downgrade
Image Source: Unsplash In a recent turn of events, Adobe Systems Incorporated (Nasdaq: ADBE) experienced a sharp decline in its stock value, with shares plummeting by 12% following a quarterly forecast that failed to meet investor expectations.The company’s forecast for net new annual recurring revenue in its critical digital media segment—which encompasses Adobe’s leading cloud-based creative and document services—revealed a […]
Cloud Stocks: Veeva’s Migration To Own Platform Picks Pace
Image Source: Unsplash The global healthcare cloud computing market is expected to grow at 18% CAGR from $39.4 billion in 2022 to reach $89.4 billion by 2027. Veeva (NYSE: VEEV) recently announced its fiscal 2024 results that continued to impress the market. Veeva’s FinancialsVeeva’s Q4 revenues grew 12% to $630.6 million, ahead of the Street’s forecast of $620.7 […]
Alphabet Inc DCF Valuation: Is The Stock Undervalued?
Image Source: Unsplash As part of a new series, each week we typically conduct a DCF on one of the companies in our screens. This week we thought we’d take a look at one of the stocks that is not currently in our screens, Alphabet Inc (GOOG). ProfileAlphabet is a holding company. Internet media giant Google […]
Elliott Wave Technical Analysis: The Procter & Gamble Company – Friday, March 15
PG Elliott Wave Analysis Trading Lounge Daily Chart, 15 March 24The Procter & Gamble Company, (PG) Daily ChartPG Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave (3).DIRECTION: Upside in wave 1 of (3).DETAILS: We are still trading below ATH, as we are approaching the bottom of MG2 at 165$ where we are expecting resistance. PG […]
Rising US Producer Inflation May Reduce The Number Of Scheduled Fed Rate Cuts
As of Thursday’s stock market close, the Dow Jones Index (US30) was down 0.35%, the S&P 500 Index (US500) decreased by 0.29%, and the NASDAQ Technology Index (US100) closed negative 0.30%.The US weekly initial jobless claims fell by 1,000 to 209,000, indicating a stronger labor market than expectations of a rise to 218,000. Thursday’s US retail sales report for February 0.6% m/m was weaker than […]
Cocoa Price And Overview
Photo by Alexandre Brondino on Unsplash Cocoa, the essential ingredient in chocolate, is also a significant player in the global commodity market. In this article, we will begin by defining cocoa in the trading context and explore the various marketplaces where it changes hands. Next, we’ll delve into the different methods used to trade cocoa, including […]
Yen Weakens Despite Japan’s Deflation Exit
Image Source: Unsplash The USD/JPY pair is rising, reaching 148.28 on Friday. The US dollar is strengthening across the market following the release of US retail sales data.This information is prompting market participants to reassess their expectations for the future of the US Federal Reserve’s interest rate policy. The Fed could interpret strong retail sales as […]
The Recession Hit Dollar Stores “People Can No Longer Afford To Shop”
Image Source: Pexels More recession signals. We’ve got the major dollar store chains in the US closing stores and reporting troubling results about consumer behavior. Those are now backed up by hard evidence in the form of retail sales, which have been much worse than initial thought. Behind everything, the looming recession, is the fact oil […]
