Category Archive: Finance, No picture
SAP Says It’s ‘Off To A Great Start In 2024’ After Q1 Earnings
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
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
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
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’
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
↵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 […]
Dow Marks 253-Point Win; Nasdaq, S&P 500 Snap Losing Streaks
Stocks kicked off the week on a positive note, recovering some of last week’s losses. The Dow scored a 253-point win, while the S&P 500 and Nasdaq snapped their six-day losing streaks with strong gains as well. Elsewhere, Nvidia (NVDA) bounced back from last week’s slide, adding 4.4% for the session, while oil prices dropped amid easing […]
Market Talk – Monday, April 22
ASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 increased 370.26 points or 1.00% to 37,438.61 Shanghai decreased 20.67 points or -0.67% to 3,044.60 Hang Seng increased 287.55 points or 1.77% to 16,511.69 ASX 200 increased 81.90 points or 1.08% to 7,649.20 Kospi increased 37.58 points or 1.45% to 2,629.44 SENSEX increased […]
The ‘Mag Seven’ Components Take Big Hits As Boring May Becoming Beautiful
Image Source: Unsplash — Friday’s trade makes you wonder if the game is not over for the “Magnificent Seven”.— There appears to be a real divergence going on between those stocks that are considered economically sensitive and those previously considered ‘bullet proof’ – Big Tech.— The market seems to finally be getting comfortable that the Fed message of […]
The Value Of The Chinese Yuan: Down 15% Since 2022M03
There’s been a lot of discussion of overcapacity in Chinese production, and the resulting pressures in the US and other markets. Here’s a picture of the Chinese real exchange rates.Figure 1: China trade weighted CPI deflated real exchange rate (blue), and US-China bilateral CPI deflated real exchange rate (tan), in logs. Up denotes increase in value […]
