Caught Between Rising Unemployment And A High Cost Of Living
Photo by Michelle Spollen on Unsplash This morning, we learned that Canada’s unemployment rate rose to 6.8% in November, the highest since September 2021 and January 2017. It is now up 200 basis points (bps) from the cycle low of 4.8% in June 2022 and has never increased this much outside of a recession. Of the 50,000 new […]
This Is The New Emerging Market Economy
Image Source: Pexels If you were around for my live session here at TheoTrade on Thursday, you heard me discuss how the U.S. has grown to account for nearly 65% of the value of the global stock market.Emerging and international markets have been left behind in the dust, and with the U.S. dollar reasserting its dominance […]
MicroStrategy’s Stock Up 550% In 2024 Amid Bitcoin’s Massive Rally
Image courtesy of 123rf.com MicroStrategy (Nasdaq: MSTR) has experienced a remarkable increase in its stock value over the past two years, largely attributed to its substantial investment in Bitcoin (BTC). The company’s shares have climbed by 550% in 2024, following an impressive 350% rise in 2023. This growth reflects a 2,800% increase over the two-year span, underscoring […]
Cloud Stocks: Salesforce Cashes In On The Agentic AI Market
Photo Credit: City of Indianapolis | Mayor’s Office /Flickr.com Salesforce (NYSE: CRM) recently announced its third quarter results that beat the market expectations and sent the stock climbing 12%. According to a recent report, agentic AI is expected to reach $31 billion in 2024, with a potential to grow at 32% CAGR. Salesforce’s Agentforce offering is already […]
S&P 500, Nasdaq Notch Record Highs, Head For Weekly Wins
Stocks are a mixed bag to end the week as investors unpack this morning’s key employment data, which showed nonfarm payrolls of 227,000 beating expectations of 214,000. The Dow Jones Industrial Average (DJI) is modestly lower and on track a weekly loss, while the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) hit record highs as […]
S&P 500 Earnings Dashboard 24Q3 – Friday, Dec. 6 S&P 500 Aggregate Estimates and Revisions
S&P 500 Aggregate Estimates and Revisions 24Q3 Y/Y earnings are expected to be 9.0%. Excluding the energy sector, the Y/Y earnings estimate is 11.7%. Of the 494 companies in the S&P 500 that have reported earnings to date for 24Q3, 76.1% reported above analyst expectations. This compares to a long-term average of 66.9%. The 24Q3 Y/Y blended revenue growth estimate is 5.3%. If the energy sector is excluded, the […]
Unlocking ASX Trading Success – BHP Group Limited
ASX: BHP GROUP LIMITED – BHP Elliott Elliott Wave Technical Analysis TradingLoungeGreetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with BHP Group Limited – BHP. We see that ASX:BHP has just completed wave ((ii))-navy, wave ((iii))-navy may be unfolding to push higher.ASX: BHP Group Limited – BHP 1D Chart (Semilog Scale) AnalysisFunction: Major […]
PepsiCo Inc DCF Valuation: Is The Stock Undervalued?
Image Source: Pixabay 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 in our screens, PepsiCo Inc (PEP). ProfilePepsiCo is a global leader in snacks and beverages, owning […]
Sensex Today Ends 57 Points Lower; Nifty Below 24,700
After opening the day flat, Indian benchmark turned negative as the session progressed and ended the day lower.The Benchmark equity indices gave up their 5-day winning streak to settle in red after the Governor Shaktikanta Das-led Monetary Policy Committee of the Reserve Bank of India (RBI MPC) announced to keep the repo rate unchanged at […]
Employment Drops By 355,000 But Jobs Rise By 227,000 In November
The strange jobs reports continue as the divergence between jobs and employment widens again. Data from the BLS, chart by MishPlease consider the BLS Employment Report for November.Jobs vs EmploymentFrom September 2020 through early 2022, nonfarm payroll job gains and full time employment changes tracked together.Starting around March of 2022, a divergence between employment and jobs became […]
