Retail Sales Better Than Expected With Big Upward Revision
According to the Census Department Advance Estimate, retail sales rose 0.4 percent in October. Advance estimates of U.S. retail and food services sales for October 2024, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $718.9 billion, an increase of 0.4 percent (±0.5 percent) from the previous month, and up […]
Cloud Stocks: Amazon’s GenAI Grows Triple Digits
Photo Credit: simone.brunozzi/Flickr.com Amazon (Nasdaq: AMZN) recently announced its third-quarter results that beat market expectations driven by its growth in its cloud and advertising businesses. Amazon’s Financials Amazon’s third quarter revenues grew 11% to $158.9 billion, exceeding analyst estimates of $157.2 billion. Net income increased to $15.3 billion or $1.43 per share, compared with net income […]
Nvidia’s 13F Review: Holdings Nearly Doubled, APLD In Focus
Image courtesy of 123rf.com On Thursday, Nvidia (Nasdaq: NVDA) released its quarterly 13F portfolio filing for Q3 2024. Compared to the last quarter of 2023, the AI/GPU chipmaker’s holdings nearly doubled from $230 million to now $433 million.This is to be expected as in the latest earnings report on August 28th, ending July 2024, Nvidia reported holding $8.57 […]
Business Cycle Indicators – Mid-November
Industrial and manufacturing production down at consensus rate (-0.3% m/m for both). Core retail sales +0.1% vs. consensus +0.3% m/m. First up, series followed by the NBER’s Business Cycle Dating Committee (personal income and employment are key): Figure 1: Nonfarm Payroll (NFP) employment from CES (blue), implied NFP from preliminary benchmark (bold blue), civilian employment (orange), […]
Solana Is Extending The Rally As Expected; New All-Time Highs Soon?
e want to update Solana with ticker SOLUSD chart from August 08, where we mentioned and highlighted a correction within an ongoing five-wave bullish impulse towards the all-time highs area. We talked about subwave 4 correction that can send the price higher for wave 5 of (3).SOLUSD Daily Chart From August 08As you can see […]
Unlocking ASX Trading Success – Westpac Banking Corporation
ASX: WESTPAC BANKING CORPORATION – WBC Elliott Elliott Wave Technical Analysis TradingLoungeGreetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with WESTPAC BANKING CORPORATION – WBC. We see WBC.ASX could be rising with wave iii-grey of wave (v)-orange.ASX: WESTPAC BANKING CORPORATION – WBC 1D Chart (Semilog Scale) AnalysisFunction: Major trend (Minute degree, green)Mode: MotiveStructure: […]
Asia Week Ahead: A Quiet Week On The Cards
Image Source: Pixabay China’s loan prime rates, Taiwan’s export orders and unemployment orders, Japan’s headline inflation data, and Indonesia’s BI rate will be in focus throughout a quieter week across Asia. China: No changes for loan prime rates in a quiet week aheadIt’s a quiet week ahead for China. The loan prime rates will be announced […]
Lockheed Martin Corp (LMT) 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, Lockheed Martin Corp (LMT). ProfileLockheed Martin is the world’s largest defense contractor and has […]
US Retail Sales ‘Control Group’ Unexpectedly Tumbled In October After Huge ‘Seasonal Adjustment’
If the omniscient chaps at BofA are right, the soft landing narrative is about to crash as they forecast a well below consensus tumble in retail sales this morning…Source: BofA…but notably this is mainly due to seasonals, apparently. Seasonal adjustments are likely to impact the October retail sales report. The Census Bureau’s projected seasonal factor (SF) for October 2024 […]
Analytical Overview Of The Main Currency Pairs – Friday, Nov. 15
Image Source: Pexels The EUR/USD currency pairTechnical indicators of the currency pair: Prev. Open: 1.0564 Prev. Close: 1.0530 % chg. over the last day: -0.32 % The European Central Bank (ECB) is signaling that it is increasingly considering rate cuts, according to reports of its October meeting. While inflation is expected to fall, mainly due to […]
