Category Archive: Finance, No picture
The Canadian Cannabis Report- Monday, Jan. 1
For the (shortened) trading week that ended December 29, 2023, my proprietary Canadian Cannabis Company Index (MCCCI) increased by 5.5% compared to the prior week when it decreased by 9.8%. The index consists of 14 stocks, many of which are among the most widely held holdings of the 3 ETFs (MJ, CNBS, and THCX) that I consider […]
BWX Technologies: Good Prospects But Not The Right Time To Buy
Image Source: UnsplashRecent Quarter Earnings Analysis and Future OutlookBWX Technologies (BWXT) recently reported better-than-expected third-quarter FY23 financial results. Revenue in the quarter increased by 13% Y/Y to $590 million (vs. the consensus estimate of $575.7 million), with double-digit growth in Government and Commercial operations. In Government Operations, revenue was up 13% Y/Y to $478 million, driven […]
Trading The Super Seven: Recap
Image Source: UnsplashThe Super Seven (or Magnificent Seven as some economists call them) made the financial headlines several times this year. Obviously, this article is not about the famous 1960s western starring Charles Bronson, Steve McQueen, James Coburn, and many more Hollywood stars.Nowadays, the Super Seven is a group of seven tech companies that share a […]
Real Gold Far From Peak
Image Source: UnsplashGold is forging into new-record-high territory for the first time in several years. That is starting to generate some excitement, with financial media coverage growing more frequent and bullish. That’s increasingly attracting back traders, who love chasing upside momentum on record breakouts. Despite these recent nominal records, gold remains far from its real inflation-adjusted […]
Set And Forget? Using Limit Orders In Fly Trading
Image Source: UnsplashWith this brief video, you will discover the art of mastering the ‘Fly Strategy’ in options trading, even when you can’t monitor the market constantly. This video reveals insightful strategies for setting limit orders, taking early profits in low volatility situations, and balancing risk with potential rewards. 00:02:38More By This Author:Efficient Trading: One-Day-To-Expiration Versus Zero-Day-To-ExpirationCutting […]
3 Stocks That Are Better Bets Than Cryptos In 2024
Image: BigstockBlockchain-powered cryptocurrency made a major comeback in 2023 after a massive sell-off in 2022 on recession concerns, inflationary pressure, and higher interest rates. The strong year-to-date rally in the most popular cryptocurrencies, Bitcoin, Ethereum, Cardano, and Dogecoin, which have gained 155.35%, 95.45%, 149.44%, and 33.83%, respectively, testifies to the current crypto boom.The primary reason […]
Top Picks 2024: Aya Gold & Silver
Image Source: PixabayAs we start 2024, many of the extremely bullish drivers for gold are the same for its cousin, silver. On Dec. 1, 2023, gold hit a new all-time high of $2,071 after three previous attempts in 2020, early 2022, and again in early 2023. Now it seems the fourth time’s the charm – making Aya […]
Corn, Wheat Prices Post Largest Yearly Decline In Decade As Hope For Easing Food Inflation Rises
Image Source: UnsplashDespite the El Niño-related weather disturbances affecting key agricultural areas globally and the disruptions in the Black Sea stemming from the war in Ukraine, there is encouraging data suggesting further easing in food inflation in the new year.This development comes amid the soaring risks of food riots in emerging markets, as the weakening of EM […]
Weekly Forex Forecast – Monday, Jan. 1
Image Source: PixabayThe difference between success and failure in Forex trading is highly likely to depend on which assets you choose to trade each week and in which direction, and not on the methods you might use to determine trade entries and exits.When starting the week, it is a good idea to look at the big picture […]
The 2023 Economy And Stock Market Year In Review
Image Source: Unsplash The United States Economy Continues to Grow Some economists and politicians predicted the U.S. economy would enter a period of hyperinflation and recession or, at best, stagflation. But to date, that has not happened. The bottom line is that higher Gross Domestic Product (GDP), lower inflation, a sub-4% unemployment rate, and a higher […]
