Category Archive: Finance, No picture
Costco’s Stock Tumbles After Earnings Miss: Analysts Weigh In On COST’s Future
Costco Wholesale Corporation’s stock faced a significant downturn, closing down over 7% at approximately $725 per share on Friday.This marked the worst performance day for the retailer’s stock in nearly two years, following its failure to meet Wall Street’s earnings expectations. Second-quarter earnings reveal mixed resultsThe dip in stock prices came in the wake of Costco’s earnings […]
Bitcoin Supply Crunch Sparks Frenzy Ahead Of Bitcoin Halving
Despite pulling back to around $68,500, analysts are optimistic about a continuation of the Bitcoin bull cycle after it hit a new all-time high (ATH) of $70,083.05 on March 9, fueled by increasing institutional interest and growing adoption.However, amidst this upward trajectory, a significant development is emerging in the cryptocurrency market – the decreasing amount of […]
Paramount Global-B Ascends While Market Falls: Some Facts To Note
Paramount Global-B (PARA) closed at $10.93 in the latest trading session, marking a +1.2% move from the prior day. This move outpaced the S&P 500’s daily loss of 0.65%. Meanwhile, the Dow lost 0.18%, and the Nasdaq, a tech-heavy index, lost 1.16%.Prior to today’s trading, shares of the company had lost 16.99% over the past […]
Rivian Shelves New Georgia Factory In Latest Cost-Cutting Measures
Image Source: UnsplashTwo weeks after Rivian Automotive Inc. (RIVN) announced a disappointing production forecast and another round of job cuts, the company’s CEO revealed that the construction of a $5 billion factory in Georgia would be put on hold to reduce costs. CEO RJ Scaringe unveiled a crossover EV called the R3. The new model will be […]
Key Events In EMEA Next Week Of March 11
Next week will be relatively quiet in the EMEA region. Following strong global deflationary trends, a high reference base and a price war between large retailers, we expect Poland’s CPI to fall to 3.3% YoY in February. In the Czech Republic, we see a further fall in CPI inflation to 2.3% – well below the central bank’s 2.8% […]
Healthy Rotation, Surging Earnings Make This Market Different Than 2000
We have gone back into the pattern of seeing corrections last only one or two days, as sharp as they may be, with investors rotating into the broad market as the tech sector gets extended, despite remaining very strong, with no sign of abating. Image Source: UnsplashNotice the top line (below), representing the S&P 500 (SPX) Index, atop the […]
Metals Report For Friday, March 8
Image Source: UnsplashIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:06:07More By This Author:Financial Markets Report For Friday, March 8SPDR ETF Report For Thursday, March 7Metals Report For Thursday, March 7
Are We Listening To The Market’s Message?
Image Source: UnsplashThis week’s video features chart/fact-based Q & A covering major stock market indexes, ETFs, the economy, homebuilders, regional banks, semiconductors, value stocks, energy stocks, biotech, and more. We also covered the latest model scores from Friday’s session.Video Length: 00:28:22More By This Author:Is It Time To Load Up On Small Caps? Does The Bull Market […]
Updates: CPNG, SNOW, YOU
Image Source: UnsplashThe Q4 and annual reports keep rolling in! Let’s take a brief look at the reports for 3 more followed stocks: Coupang, Snowflake, and Clear Secure.Coupang (CPNG)I’m feeling more and more like we bought at an opportune moment for Coupang, with the stock up 35% in just a month. Revenues were up 23% for […]
Top Stock Reports For Chevron, Verizon & Eaton
Image Source: UnsplashThe Zacks Research Daily presents the best research output of our analyst team. Today’s Research Daily features new research reports on 16 major stocks, including Chevron Corp. (CVX), Verizon Communications Inc. (VZ) and Eaton Corp. plc (ETN). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today. […]
