Rocket Lab Stock Price Analysis
Dec 13, 2024Jeremy Parkinson0
Image Source: Pixabay Rocket Lab (RKLB) is a leading force in aerospace and defence.Rocket Lab USA, Inc. is a cutting-edge aerospace and defence company that has become a leader in small satellite launch services and space systems. RKLB was founded in 2006 by Peter Beck in New Zealand and headquartered in Long Beach, California.RKLB has established itself […]
Key Takeaways From The Latest Round Of Central Bank Meetings
Dec 13, 2024Jeremy Parkinson0
Image Source: Pixabay On the latest edition of Market Week in Review, Investment Strategist BeiChen Lin discussed U.S. equity-market strength as well as recent rate decisions from key central banks. He finished by highlighting the main themes in Russell Investments’ newly released 2025 Global Market Outlook. U.S. equity markets hit record highs—again Lin began by digging into […]
S&P 500 Earnings Dashboard 24Q3 – Friday, Dec. 13
Dec 13, 2024Jeremy Parkinson0
S&P 500 Aggregate Estimates and Revisions 24Q3 Y/Y earnings are expected to be 9.1%. Excluding the energy sector, the Y/Y earnings estimate is 11.8%. Of the 496 companies in the S&P 500 that have reported earnings to date for 24Q3, 76.0% 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 […]
Gold Stocks Big Bargains
Dec 13, 2024Jeremy Parkinson0
Gold stocks remain big bargains, still priced for bygone much-lower gold prices. Gold miners are earning enormous record profits, fueled by gold’s powerful bull market. Yet traders have been slow to recognize this, leaving gold stocks seriously undervalued relative to their underlying earnings. This striking anomaly won’t last, as eventually stock prices always mean revert […]
Grains Report – Friday, Dec. 13
Dec 13, 2024Jeremy Parkinson0
WHEAT General Comments: The markets were lower yesterday in all three markets after USDA showed poor export demand in the weekly reports. Tensions remined high between Ukraine, the US, and Russia. The growing conditions in the US are very good. Reports of very beneficial rains for the Great Plains and Midwest and reports of steady […]
Cloud Stocks: Symbotic Leverages AI To Provide Warehousing-As-A-Service
Dec 13, 2024Jeremy Parkinson0
Photo Credit: Michal Jarmoluk from Pixabay The rise of AI in the recent past has exposed some interesting use-cases across industries. One such example is that of Wilmington, Mass.-based software and robotics maker Symbotic (Nasdaq: SYM), who has successfully leveraged AI to build an offering of Warehouses-as-a-Service. Symbotic’s Offerings Symbotic has had a very interesting growth story. The […]
It’s All About Guidance, Once Again
Dec 13, 2024Jeremy Parkinson0
Image Source: Pexels Thanks to an out-of-the-office business appointment, today’s piece will be a bit more brief than usual. Some things that have caught my attention this morning include investor’s understandable love for optimistic corporate guidance, their disdain for GAAP earnings, another yield curve disinversion, and continued bad breadth. For brevity’s sake, we will present them […]
How To “Back Up (And Park) The Cyber Truck” For Tesla
Dec 13, 2024Jeremy Parkinson0
Back in late October, I went public with my overweight position in Tesla. Those that have been trading with me here at TheoTrade know that I like to call it “backing up the truck” when I take on a bigger-than-usual position in a stock. The thing is, now the stock looks so good I might have […]
Decoding Broadcom’s Quarterly Results: What It Signals For AI Growth
Dec 13, 2024Jeremy Parkinson0
Image courtesy of 123rf.com Since the Broadcom (Nasdaq: AVGO) coverage mid-June, AVGO shares are up 27%. At that time, just ahead of the stock’s 10-for-1 split, we posited that Broadcom’s dual business model (data center/cybersecurity) is yet to yield significant gains for shareholders.Most recently on Thursday, Broadcom pleasantly surprised AVGO shareholders. Not only did Broadcom beat the […]
Ethereum: Analysts Eye $4,100 Target As ETH Reclaims Key Support Level
Dec 13, 2024Jeremy Parkinson0
Image Source: Pixabay Ethereum (ETH) has seen a significant 4.7% recovery in the last 24 hours, reclaiming a crucial support zone. This performance has fueled a bullish sentiment among some market watchers, who consider the cryptocurrency to break above a key resistance level in the coming days. Ethereum Reclaims Key Support Nearly a week ago, Ethereum […]