FTSE Flat As GDP Miss Spooks Investors
Image Source: Pexels The UK economy contracted unexpectedly for the second consecutive month in October, just ahead of the new government’s initial budget announcement. Analysts surveyed by Reuters had predicted a 0.1% growth for October. Reeves’ budget announcement on October 30, which will directly influence GDP figures starting in November, introduced significant tax hikes for businesses. […]
Stocks Pull Back, Head For Weekly Losses
Stocks pulled back sharply from their premarket gains. The Nasdaq Composite (IXIC) turned a triple-digit lead into an 40-point deficit, while the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are inching just below fair value — the blue chip index flirting with a seventh consecutive daily loss. At this point, all three major […]
Broadcom Earnings Breakdown
Broadcom (AVGO) reported EPS of $1.42 for the latest quarter, beating estimates of $1.39. The company has beat earnings expectations for the last 8 quarters. Earnings results came in 2.2% above street expectations, which is above the 8 quarter average (orange line) of 1.9%, and greater than last quarters 1.6% earnings beat. The beat rate […]
Unlocking ASX Trading Success: Commonwealth Bank
ASX: COMMONWEALTH BANK OF AUSTRALIA. – CBA Elliott Elliott Wave Technical Analysis TradingLoungeGreetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with COMMONWEALTH BANK OF AUSTRALIA. – CBA. We see ASX:CBA preparing to move up with a ((v))-navy wave.ASX: COMMONWEALTH BANK OF AUSTRALIA. – CBA 1D Chart (Semilog Scale) AnalysisFunction: Major trend (Minor degree, […]
Salesforce Inc. (CRM) DCF Valuation: Is The Stock Undervalued?
As part of a new series, each week we typically conduct a DCF on one of the companies in our screens. This week we thought we’d take a look at one of the stocks that is not currently on our screens, Salesforce Inc (CRM). ProfileSalesforce, Inc. is an American cloud-based software company headquartered in San Francisco, […]
Sensex Today Rallies 843 Points; Nifty Above 24,750
After opening the day lower, Indian benchmark indices staged a remarkable comeback in the second half as the session progressed and ended the day on firm footing.Benchmark equity indices ended the week’s last trading day in positive territory.At the closing bell, the BSE Sensex stood higher by 843 points (up 1%).Meanwhile, the NSE Nifty closed higher by 219 points […]
Producer Price Index PPI Much Hotter Than Expected, Led By A Surge In Food
Producer prices rose more than expected in November with upward revisions to October.The BLS report the Producer Price Index was rose 0.4 percent in November on top of an upward revision for October.PPI Final Demand Key Detail Month-Over-Month PPI: +0.4 Percent Services: +0.2 Percent Goods: +0.7 Percent Excluding Food and Energy: +0.2 Percent Food: +3.1 Percent Energy: […]
Don’t Miss This Major Shift
S&P 500 had a hard time recovering from hot inflation and rising unemployment claims, not at all helped by bond auctions during the day. I had been clear about the data interpretation right away, summing it up some more during the day, warned about Russell 2000 again, and dipped the toes into S&P 500 longs intraday with […]
Good News On Real Aggregate Payrolls, But An Additional Yellow Flag On Jobs
With the update on inflation earlier this week, let’s take a look a real average wages and real aggregate payrolls. Plus there is a significant update to my yellow flag caution on the employment situation.First, nominally nonsupervisory wages rose slightly under 0.3% in November, while consumer prices rose slightly more than 0.3%. Thus real average […]
Asia Week Ahead: Central Bank Meetings In The Spotlight
Image Source: Pixabay Central bank meetings in Japan, Indonesia, and the Philippines will take center stage over the week ahead in Asia, alongside an incoming data dump from China and CPI readings across the region. China: The last data dump of the year is expected to show continued recoveryThe last data dump of the year will be released […]
