Take A Look: Only These 17 AI Stocks Are Undervalued
Apr 22, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash An Introduction PEG ratios go up and down as stock prices change and the major decline (-13.2%) last week in the 17 “best value” AI stocks has resulted in changes to their PEG ratios so, if you’re looking for AI companies primed for revenue and earnings growth, strong profitability, and upward analyst revisions, […]
5 Niche ETFs That Outperformed Last Week
Apr 22, 2024
Jeremy Parkinson
Finance
Image Source: Pixabay Wall Street had a tumultuous last week as growing inflation fears and rising geopolitical tensions continued to weigh on investors’ sentiment. The S&P 500 dropped 3%, marking the third consecutive weekly loss and the longest losing streak since September. The Nasdaq Composite Index tumbled 5.5%, representing the fourth straight week of losses and […]
ETH could thrive with or without spot Ethereum ETFs
Apr 22, 2024
Jeremy Parkinson
Cryptocurrency, No picture
The approval of US spot Ethereum exchange-traded funds (ETFs) could enhance Ethereum’s market valuation. However, even if these ETFs are rejected, it may merely be a bump in the road rather than a roadblock, suggested Jupiter Zheng, Head of Research at HashKey Capital. “If the ETF is denied, it will not be that bearish, as […]
Russell 2000 Lead Indices Rally
Apr 22, 2024
Jeremy Parkinson
Finance
The Russell 2000 (IWM) has been guiding towards this, but the positive reaction in the Nasdaq and S&P following Friday’s gains in the Small Caps index is not enough to suggest a swing low is in place for these indices. For starters, buying volume was light and momentum remained firmly oversold.The S&P did offer an […]
SAP Says It’s ‘Off To A Great Start In 2024’ After Q1 Earnings
Apr 22, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash SAP SE (SAP) is trading down in extended hours after coming in shy of Street estimates for per-share earnings in Q1. SAP remains bullish for 2024 On the plus side, the software giant reiterated its outlook for 2024 on Monday.SAP ended its recent quarter with €14.2 billion ($15.13 billion) of cloud backlog which […]
Here’s What Wall St. Experts Are Saying About These Automakers Ahead Of Earnings
Apr 22, 2024
Jeremy Parkinson
Finance
Image Source: Pixabay General Motors (GM) is scheduled to report quarterly results before market open on Tuesday, April 23, with a conference call scheduled for 8:30 am EST, while Ford (F) is scheduled to report after market close on Wednesday, April 24, with a conference call scheduled for 5:00 pm EST. What to watch for:GM SALES: In April, General Motors announced […]
After Monday’s Relief Rally, Attention Shifts To Earnings And Policy Fronts
Apr 22, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Pexels With the easing of tensions in the Middle East, safe-haven demand reversed course; global stock markets experienced a modicum of relief. Indeed, in a classic relief rally fashion, Monday saw a rebound in the S&P 500, snapping a six-day losing streak. Yet, investors remain highly cautious on both the earnings and policy fronts.The […]
Rates Spark: Diverging ECB Views Increases Uncertainty
Apr 22, 2024
Jeremy Parkinson
Finance, No picture
ECB comments on the path beyond June have become more dispersed, with the hawks warning it is premature to discuss cuts beyond June, while some doves now flag more than 100bp of cuts as a possibility. To us this implies the outlook beyond June is less anchored overall, meaning it could be more prone to correct higher near-term […]
Stocks And Precious Metals Charts – A ‘Relief Rally’
Apr 22, 2024
Jeremy Parkinson
Finance
Stocks rallied today, in what may reasonably be termed a ‘relief rally’ from a short-term oversold condition.Gold and silver were sold, as there will be an option expiration for the precious metal futures contracts this coming Thursday the 25th.VIX fell.The Dollar chopped sideways.Have a pleasant evening. More By This Author:Stocks And Precious Metals Charts – […]
Here’s What You’ve Got To Watch For As Earnings Ramp Up
Apr 22, 2024
Jeremy Parkinson
Finance, No picture
↵Image Source: Pexels Stocks rallied back strongly today after shaving off more than 1% last week, but the buying fizzled heading into the close. It was gold, which until recently had been rock-solid, that took the biggest hit as traders took profits. But the question on every trader’s mind right now has to be: “Can we […]