Are Materials Stocks Too Cyclical To Invest In?
Jan 03, 2024
Jeremy Parkinson
Finance, No picture
Are there any good investments in the Materials Sector?In this video, Chuck Carnevale, co-founder of FAST Graphs, provides an analysis of materials stocks. He discusses the criteria he used to screen the stocks, including positive dividend yield, and earnings yield over 6%. Chuck highlights the cyclicality of some materials stocks and the challenges of long-term […]
Bitcoin Price Drops Over $4000, Hours After Jim Cramer Says It’ll Live Forever, But Why?
Jan 03, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash If the ‘Midas touch’ is the knack for everything you touch turning to gold, surely the opposite is the ‘Cramer effect’.On January 2nd, the analyst famous for his embarrassingly incorrect predictions – Jim Cramer gave his forecast for the 2024. And this time, the ‘Cramer effect’ came for Bitcoin.“This thing, you can’t kill […]
New Year, Same Old Labor Market Deceleration
Jan 03, 2024
Jeremy Parkinson
Finance, No picture
This morning’s JOLTS report for November continued the same trend of labor market deceleration that we have seen since the blazing hot boom of 2021.Job openings declined -62,000 to 8.790 million, the lowest level since March 2021. Actual hires fell sharply, by -363,000 to 5.465 million, the lowest since the pandemic lockdown month of April […]
One Of The Indicators For Timing The Market Is Flashing A Warning
Jan 03, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash As I keep telling you, it IS possible to time the market. The key is to put in the work to do so.For me, one of the best means of predicting stock market moves is to focus on “market leading” indicators, or assets that typically lead stocks to the upside and the downside […]
U.S. Data Confirms The Cooling Narrative
Jan 03, 2024
Jeremy Parkinson
Finance, No picture
The ISM manufacturing data suggests the sector continues to contract while job opening numbers point to a slower pace of hiring. Friday’s jobs report will be key this week though, with the composition of jobs growth almost as important as the payrolls number itself in determining the prospect for rate cuts in 2024.Data provides an important […]
Brent Up As Oil Prices Rise After Tensions Heat Up In The Red Sea
Jan 03, 2024
Jeremy Parkinson
Finance, No picture
Image courtesy of 123rf.com The crude oil benchmark rose nearly 1.5% on Wednesday after protesters entered the largest oil field in Libya, ceasing production. The move adds to the supply concerns stemming from the ongoing tensions in the Red Sea, sparking fears over further escalation. Protesters Halt Production in Libya’s Top Oil Field Oil prices rose on Wednesday […]
History May Come Back To Haunt The Stock Market In 2024
Jan 03, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash Stocks have seen big price swings in momentum between even and odd years.Video Length: 00:11:41More By This Author:$7.3 Billion Reasons Why Stocks Are Saved By The Bell Here’s Why Inflation Rates May Reaccelerate In 2024 A Massive Week of Data May Bring A Big Surprise To Markets The Week of January 3, 2024
Softs Report – Wednesday, Jan. 3
Jan 03, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash COTTON General Comments: Cotton closed lower yesterday in sideways trading. USDA released its weekly export sales report and the volumes sold were big and included some significant sales to China. The US economic data has been positive, but the Chinese economic data has not been real positive and demand has been down. There […]
The Triple Play Kings Of 2023
Jan 03, 2024
Jeremy Parkinson
Finance, No picture
Another earnings season is on the horizon, and throughout the reporting period, as we do each quarter, we’ll be on the lookout for opportunities from companies reporting earnings triple plays. While we’re waiting for the fresh batch of reports, we wanted to provide a quick update on triple-play trends from 2023. As a reminder, an […]
Uranium – Only For The Bears?
Jan 03, 2024
Jeremy Parkinson
Finance, No picture
Invalidation of the breakout, daily closure under the trend channel, and 2 gaps.Can bulls survive in these conditions?Let’s start today’s analysis with the long-term chart. What happened? More importantly, what didn’t happen and what are the consequences? Looking at the monthly chart, we see that although the bulls managed to push uranium above the two previous […]