Author Archive: Jeremy Parkinson
Airline Stock Roundup: AAL, LUV, JBLU & HA Incur Q1 Loss
Image Source: UnsplashIn the past week, American Airlines (AAL – Free Report), Southwest Airlines (LUV – Free Report), JetBlue Airways (JBLU – Free Report) and Hawaiian Holdings (HA – Free Report) released first-quarter 2024 results. While air travel demand was upbeat, high costs hurt results. First-quarter 2024 earnings-related updates were also provided in the previous week’s write-up. Recap of the Recent Most Important Stories 1 American Airlines’ first-quarter 2024 loss (excluding 14 cents […]
Gold, Oil, Wheat, & Stocks Since 2020
Image Source: PexelsFinancially speaking, the markets have been all over the map in the past four years since the onset of Covid and the self-inflicted wounds from the forced economic shutdown. I went back to August 2020, five months after the festivities began, and pulled up some charts that show the price action since then for […]
Forbes lists XRP, ADA, LTC, ETC among top “zombie” tokens
The number of tokens exceeds 14,000, and the crypto market cap stands at $2.4 trillion, but more may not always be merrier. Forbes has identified a group of 20 cryptos, dubbed “zombie blockchains,” that maintain high market valuations despite showing little to no real-world utility or user adoption.The list includes well-known names such as Ripple […]
Copper To Rise 30% In The Next Year, Bank Of America Says
Image Source: PixabayBank of America Head of Global Commodities Francisco Blanch says that copper stands alone as the one commodity that will benefit from the global energy transition. “You have a lot of renewables because you want to transition…you need to connect those renewables to the grid and you need to improve the grid and […]
SPDR ETF Report For Friday, April 26
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Friday, April 26.Video Length: 00:15:17More By This Author:Financial Markets Report For Friday, April 26Metals Report For Thursday, April 25SPDR ETF Report For Thursday, April 25
Can A Gucci Turnaround Lift Kering’s SA Share Price?
Image Source: UnsplashKering’s (PPRUY) profitability is firmly tied to the performance of it’s Gucci brand with Bloomberg reporting that Kering derives nearly 70% of its profitability from Gucci.Gucci is reported to be facing a problem of desirability and mass production even as it reports on slowing sales from China. Gucci is currently striving to reclaim its coveted status […]
GS: Profiting By Re-Focusing On Investment, Rather Than Consumer, Banking
Image Source: PexelsWe are raising our rating on Goldman Sachs Group Inc. (GS) to “Buy” from “Hold” following 1Q results, which demonstrated the considerable strengths of the Goldman franchise during an investment banking upturn. The environment offered a few false rebounds in 2023, but the current surge appears to have staying power.Equity and debt underwriting showed good sequential […]
It’s Entirely Legal To Own “Thermonator”
Image Source: UnsplashFor those curious, owning a flamethrower is broadly legal across the United States, with Maryland being the exception, as the state has effectively banned these devices. In California, flamethrowers are legal but require a permit. With the legality all sorted out. What’s been making headlines this week is a Unitree Go2 quadruple robot equipped with a flamethrower. “Thermonator […]
Elliott Wave Analysis: Nasdaq Stocks, AAPL, AMZN, NVDA, META, NFLX, GOOGL, MSFT, TSLA.
This analysis provides insights into the Elliott Wave patterns observed in major Nasdaq stocks, including the Nasdaq 100, S&P 500, and key companies like Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), and Alphabet (GOOGL).Currently, we assess that the Wave (4) low may have been established across these […]
Bears Get Whipsawed: What Does It Mean For Stocks?
Image Source: PixabayAfter the previous week’s wave of selling, the S&P 500 came roaring back. What should we look for in terms of assessing “is it over” vs. “more downside to come” odds? In this week’s video we’ll review the latest charts and data to help us answer the question “after the bears get whipsawed: what […]
