Will Apple’s AI Investments Drive Hardware Sales?
Photo Credit: Maxx Girr from Pixabay Apple (Nasdaq: AAPL) recently announced its fourth quarter results that continued to outpace market expectations. iPhone sales appear to have made a rebound. Apple is counting on its AI-initiatives to further drive sales of its hardware. But it is early days to see if that strategy will truly pay off. Apple’s Financials […]
Eicher Motors Stock – Elliott Wave Technical Analysis
EICHER MOTORS – EICHERMOT (1D Chart) Elliott Wave Technical AnalysisFunction: Counter Trend (Minute degree, orange)Mode: CorrectiveStructure: Impulse with larger degree correctionPosition: Minute Wave ((ii)) NavyDetails: The structure might have turned lower against 5120-30 high, potential Intermediate Wave (5) termination. The first impulse drop Minute Wave ((i)) is complete and Minute Wave ((ii)) looks complete as prices turn lower […]
Softs Report – Tuesday, Nov. 12
COTTON General Comments: Cotton was lower and closed at a new low for the move. A stronger US Dollar weighed on Cotton futures prices. The USDA reports showed unchanged domestic production and a cut in export demand for ending stocks 20 thousand bales higher at 4.30 million bales. World ending stocks estimates were a little […]
Currency Trade & Weather Still Cause For Concern. The Corn & Ethanol Report
We kicked off the day with NFIB Business Optimism Index at 5:00 A.M., Redbook YoY at 7:55 A.M., Fed Waller Speech at 9:00 A.M., RCM/TIPP Economic Index at 9:10 A.M., Fed Barkin Speech at 9:15 A.M., NY Fed Treasury Purchases 1 to 2.5 yrs. at 9:30 A.M., Consumer Inflation Expectations and Export Inspections at 10:00 […]
Dow Sheds Triple Digits As Post-Election Rally Cools
Stocks are finally taking a breather from their record-breaking post-election rally. The Dow Jones Industrial Average (DJI) is carrying a triple-digit midday loss, while both the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are firmly below breakeven as well. Investors are eyeing the release of the consumer price index (CPI) and producer price index (PPI) for October later […]
Home Depot Tops Q3 Earnings And Revenue Estimates
Image Source: Pixabay Home Depot (HD – Free Report) came out with quarterly earnings of $3.78 per share, beating the Zacks Consensus Estimate of $3.64 per share. This compares to earnings of $3.81 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.85%. A quarter ago, it was […]
Sensex Today Tanks 821 Points; Nifty Ends Below 23,900
After opening the day on a positive note, Indian share markets reversed the trend as the session progressed and ended the day weak.Indian benchmark indices traded in the red on Tuesday, weighed down by banking, financial, and auto stocks, amid disappointing earnings and foreign outflows.At the closing bell, the BSE Sensex stood lower by 821 points (down […]
Communications, Financials Take Lead As Top Sector Performers
Defensives are out, animal spirits are in… again. Or so the latest rotation among US equity sectors suggests, based on a set of ETFs through Monday’s close (Nov. 11).The recent rush into utilities stocks (XLU) has reversed in recent days while prices have surged for communications services (XLC) and financials (XLF), which are now neck and neck […]
Incomes, Immigration, And The Election
On Friday I wrote about how the Fed likely contributed, via hurting aspiring homeowners, to the outcome of the Election last week. Today I want to take a look at another issue – wages.As it happens, while I was writing this Paul Krugman put up a graph which he says explains the Election results:This is […]
USD/CAD Price Forecast: Continues To Face Pressure Above 1.3950
USD/CAD surrenders some of its intraday gains even though the USD Index holds gains around 105.90. Trump promised to raise import tariffs by 10% and lower taxes. The Fed is expected to cut interest rates by 25 bps while the BoC is estimated to reduce them by 50 bps in December. The USD/CAD pair gives up […]
