Category Archive: Finance, No picture
Q4 Financials Of Cannabis MSO, Curaleaf, Show Improvement Across The Board
Image Source: Unsplash Curaleaf Holdings, Inc. (CURA) (CURLF) reported its financial and operating results for the fourth quarter ended December 31, 2023, last week. All financial information is provided in U.S. dollars unless otherwise indicated and compared with the previous quarter. Q4 Financial Highlights Total Revenue: UP 3.6% to $345.3M Gross Profit: UP 4.1% to $156.2M Adj. […]
FX Daily: Short-Dated Yields Point At A Higher Dollar
Image Source: Unsplash The USD two-year swap rate is at 4.5%, a level consistent with DXY at 104 as opposed to the current 102.5/103.0. We continue to see short-term upside potential for the dollar, even though today’s PPI and retail sales figures are key risk events. Sweden’s inflation figures released this morning are endorsing the Riksbank’s dovish […]
Boeing Elliott Wave View: Impulse Lower Suggest More Downside
Image Source: UnsplashBoeing (BA) ended a corrective cycle in January 24 at 217.59 high and we labeled as wave (B). Then the stock continued lower forming an impulse structure. Down from 24.01.2024 high, wave 1 ended at 198.32 low and bounce in wave 2 finished at 215.03 high. The market resumes lower in wave ((i)) ending […]
Boeing “Overwrote” Camera Footage Of Work On MAX Jet Door That Blew Out, Can Not Identify Employee Who Worked On It
Image Source: UnsplashJust when you thought it couldn’t get any more bizarre or surreal, the Boeing (BA) story did just that.As previously reported, the aerospace giant has been under regulatory scrutiny following a string of safety-related incidents since the beginning of the year (really, since 2019 when two of its 737 MAXes fell out of the sky like […]
GBP/USD Price Analysis: Remains Depressed Below 1.2800, Bullish Potential Seems Intact
Image Source: Unsplash GBP/USD ticks lower on Thursday amid the emergence of some USD buying. The divergent BoE-Fed policy expectations should limit any meaningful slide. Any further decline might find support near the 1.2750 resistance breakpoint. The GBP/USD pair continues with its struggle to gain any meaningful traction and extends its consolidative price move around the […]
Gold Outlook 2024 Brief
Image Source: UnsplashThis is a brief preview of our annual Gold Outlook Report. Every year we take an in-depth look at the market dynamics and drivers and finally, give our predictions for gold and silver prices over the coming year.The talking heads are talking about recession, unemployment, and inflation. The same as they’ve always done, though […]
Reviving Interest: Moderna
Image Source: UnsplashHere’s a stock I haven’t thought about in a long time: Covid-mega-beneficiary Moderna (MRNA), which seems to have a rock-solid price sealing at about $118.More By This Author:Air Products: A Compelling Short OpportunityThis Is How AI Destroys A CompanyUtilities On Deck
Inflation Is At Risk Of Roaring Back To Life
Image Source: UnsplashStocks finished mostly lower on the day, with the S&P 500 dropping 19 bps and the Nasdaq 100 falling by 83 bps. Tomorrow, we get PPI and Retail sales, and based on the VIX 1-Day, the market doesn’t seem as concerned, with the implied volatility gauge closing at 11.9 and well below the 19 […]
GBP/USD Holds Above The 1.2800 Mark Ahead Of US Retail Sales Data
Image Source: Unsplash GBP/USD holds positive ground around 1.2805 in Thursday’s early Asian session. The UK GDP growth numbers rose 0.2% MoM in January vs. -0.1% prior. Investors have priced in 71 basis points (bps) in rate cuts this year from 95% at the beginning of the week. The GBP/USD pair hovers around the 1.2800 mark during […]
PPI Is Now In The Market Purview
Image Source: UnsplashMARKETSOn Wednesday, U.S. stocks experienced a slight downturn as investors opted to cash in profits from shares of Nvidia (NVDA) and other chipmakers. Meanwhile, market participants are preparing for the release of Thursday’s producer price data, which could provide additional insights into inflation trends and influence forward guidance at the upcoming Federal Reserve meeting. […]
