Author Archive: Jeremy Parkinson
Personal Spending Jumps More Than Income In March
Consumers went on a bit of a spending spree in March according to the BEA’s Personal Income and Outlays Report. Income Disposable personal income (DPI), personal income less personal current taxes, increased $104.0 billion (0.5 percent) and personal consumption expenditures (PCE) increased $160.9 billion (0.8 percent). Real DPI increased 0.2 percent in March and real PCE increased 0.5 percent; goods increased 1.1 percent […]
S&P 500 Earnings Dashboard 24Q1 – Friday, April 26
Image Source: Pexels S&P 500 Aggregate Estimates and Revisions The 24Q1 Y/Y adjusted blended earnings growth estimate is 8.7%. If the energy sector is excluded, the growth rate for the index is 8.5%. Please note that the 24Q1 year-over-year growth rate for Bristol Myers Squibb reflects an approximate $12 billion one-time charge related to its acquisition of Karuna Therapeutics. […]
Pantera Capital to raise $1 billion for new crypto fund
Pantera Capital, a prominent digital asset management firm, is aiming to raise more than $1 billion for its new fund, the Pantera Fund V. The fund will offer investors exposure to a wide range of blockchain assets, including startup equity, early-stage tokens, and liquid tokens.The Pantera Fund V is set to be the company’s second […]
Another Strong Personal Income And Spending Report, But Beware The Uptick In Inflation
Personal income and spending has become one of the two most important monthly reports I follow. This is in large part because the big question this year is whether the contractionary effects of Fed tightening have just been delayed until this year, or whether the fact that there have been no rate hikes since last […]
Meta Wants To Keep Investing In AI
Photo Credit: Marco Paköeningrat/Flickr.com Meta (Nasdaq: META), formerly Facebook, announced its quarterly results earlier this week that failed to impress the market. The company’s disappointing outlook coupled with big investment plans for AI sent the stock falling 16% in the afterhours trading session. Meta’s FinancialsMeta’s Q1 revenues grew 27% to $36.46 billion, ahead of the Street’s expected $36.16 billion. […]
Amazon.com Inc. DCF Valuation: Is The Stock Undervalued?
As part of a new series, each week we typically conduct a DCF on one of the companies in our screens. This week we thought we’d take a look at one of the stocks that is not currently in our screens, Amazon.com Inc (AMZN). ProfileAmazon is a leading online retailer and one of the highest-grossing […]
Analytical Overview Of The Main Currency Pairs – Friday, April 26
Image Source: Pixabay The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0694 Prev Close: 1.0729 % chg. over the last day: +0.33 % Fears of stagflation pressured the dollar on Thursday after the revised US GDP for the first quarter showed slower-than-expected economic growth and persistent price pressures. In turn, the euro found support after Germany’s […]
Sensex Today Tanks 609 Points; Auto Stocks Drag
After opening the day on a high note, Indian share markets reversed the trend as the session progressed and ended lower.After starting higher on Friday, equity markets had an anti-climatic end today dragged by Bajaj Finance, Bajaj Finserv. Why Indian Share Market is Falling?Indian benchmarks were impacted by the US market which fell after the […]
US Inflation Not As Bad As Feared, But Still Too Hot
Image Source: Pexels Quarterly inflation data surprised to the upside and led the market to brace for a very unpleasant MoM print today. Thankfully it was due to upward revisions, primarily to January, with the March figure coming in line with initial expectations. Nonetheless, inflation remains too hot and September remains the earliest opportunity for an […]
Alphabet, Microsoft Beat Q2 Expectations Driven By AI, Cloud Growth
Alphabet and Microsoft posted strong Q2 earnings driven by AI and cloud computing. Stocks surge in premarket trading today.lphabet Inc. (GOOG) and Microsoft (MSFT), two of the world’s largest technology companies, have reported strong second-quarter earnings driven by their investments and advancements in artificial intelligence (AI) and cloud computing.Both companies surpassed Wall Street expectations, with Alphabet reporting a revenue […]
