Category Archive: Finance, No picture
Current Analysis: Suncor Energy (SU)
Image Source: DepositPhotosSuncor Energy Inc (SU) is an integrated energy company.The company’s 4 operations include (1) oil sands development, production and upgrading, (2) offshore oil and gas, (3) petroleum refining in Canada and the U.S., and (4) the company’s Petro-Canada retail and wholesale distribution networks.The company is developing petroleum resources while advancing the transition to […]
Constellation Brands Tops Q3 Expectations With $3.24 EPS
Image Source: Unsplash Constellation Brands reported a strong Q3, achieving $2.47B in sales and an EPS of $3.24.Constellation Brands Inc. (NYSE: STZ) showcased robust financial performance in the third quarter of fiscal 2024. The company reported net sales of $2.47 billion, a 1% increase from the previous year, with the Beer segment contributing significantly to this […]
Trading The January Effect: What To Know
Image Source: Unsplash 2024 is already here; financial markets return to normality after the festive period and the question is whether we will become witnesses of the so-called “January Effect.” No, it’s not a movie title but a phenomenon that many financial connoisseurs would know about.In this article, we will try to explain what the January […]
US Job Market Sees Robust Growth In December 2023, Surpassing Expectations
Image Source: DepositPhotosIn an encouraging development for the US economy, December 2023 witnessed the addition of 216,000 jobs, surpassing the downwardly revised November figure of 173,000 and significantly outperforming market predictions of 170,000. This positive trend highlights the resilience and ongoing recovery of the labor market.The government sector led the employment gains with 52,000 new […]
Another Reason To Buy Munis Today
Image Source: Pixabay Ever since Federal Reserve chairman Jerome Powell told the markets to expect the Fed to cut interest rates several times in 2024, the bond market has been on a tear.Falling interest rates should ease issuers’ financial burden, so investors should, in theory, be willing to push a little further out on the credit […]
Does This New Data Show I Am Wrong About A Recession?
Image Source: DepositPhotos Payrolls are positive. The unemployment rate is incredibly low. Stocks are soaring. What recession? Furthermore, we’ve been talking about one for so long that it is more than understandable why people have tuned it out. But how could we know the recession call is wrong? It isn’t just the continued lack of layoffs.Video […]
Another SPX Rally Sold
S&P 500 couldn‘t keep opening gains as job market data had come in strong yesterday, sending yields higher even if USD didn‘t take the clue much. Today‘s non-farm payrolls aren‘t to come on the weak side either, and the positioning for a figure not below expectations already yesterday, allowed me to deliver intraday gains to […]
Geopolitical Tensions Fuel Brent’s Positive Start To 2024
Oil prices are on course for a positive weekly start to the year.Rising geopolitical tensions are feeding into supply-side fears, which have helped shore up oil. Still, the darkening demand outlook is likely to cap oil’s potential for near-term gains. At the time of writing, Brent is trading back above its 21-day simple moving average (SMA).Note […]
Time To Buy Lamb Weston’s Stock After Solid Quarterly Results?
Image Source: Unsplash After posting favorable results for its fiscal second quarter on Thursday, investors may be wondering if it’s time to buy Lamb Weston’s (LW – Free Report) stock. In recent years Lamb Weston has been somewhat of a Wall Street darling with the company starting to gain notoriety like other renowned consumer food companies such as General Mills […]
Market Report
Gold and silver prices eased this week over the New Year break during which markets were closed. Turnover was subdued. In European morning trade today, gold was $2038, down $24 from last Friday, and silver $22.95, down a heftier 80 cents.With every goldbug predicting higher prices in 2024, perhaps this reaction was to be expected. […]
