Author Archive: Jeremy Parkinson
Market Talk – Thursday, May 2
ASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 37.98 points or -0.10% to 38,236.07 Shanghai closed Hang Seng increased 444.10 points or 2.50% to 18,207.13 ASX 200 increased 17.10 points or 0.23% to 7,587.00 Kospi decreased 8.41 points or -0.31% to 2,683.65 SENSEX increased 128.33 points or 0.17% to 74,611.11 […]
Russell 2000 Earnings Dashboard 24Q1 – Thursday, May 2
Image Source: Pexels Russell 2000 Aggregate Estimates and Revisions The 24Q1 Y/Y blended earnings growth estimate is -8.4%. If the energy sector is excluded, the growth rate for the index is 2.6%. Of the 591 companies in the Russell 2000 that have reported earnings to date for 24Q1, 62.6% reported above analyst expectations. The 24Q1 Y/Y blended revenue growth estimate is -1.2%. If the energy sector is excluded, the growth rate for […]
New Bitcoin Indices Doing “Yard Work” In The Spring
Image Source: Unsplash In Wall Street parlance, a yard refers to a billion and a buck is a million. You can overhear traders asking questions like, “how many bucks did that trade?” or, “did that company raise a yard?” The crypto space is gathering assets by the yard these days with new product launches by ETF […]
Tesla: Buy More Or Sell It Right Now?
Image Source: Pexels Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds, and ETFs and how it impacts your life. This is a special episode as Tracey celebrates the four hundredth episode of the show.Thanks for tuning in for the last 9 […]
Bitcoin Bottom Progress: Blackrock’s IBIT Marks First Daily Loss, Investors Shudder
Image Source: Unsplash Bitcoin (BTC) plunged to its lowest level in two months on Wednesday. Bitcoin Spot ETFs observed $563 million in net outflows, as seen on CoinGlass. Analysts believe Bitcoin bottom is likely between the $55,000 and $57,000 level. BlackRock’s IBIT records first daily outflow worries BTC holders Bitcoin holder sentiment turned negative as Spot ETFs […]
BTC, ETH, and SOL might overperform meme coins as the market recovers, says Nansen analyst
Major crypto like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) could potentially outperform meme coins in the current market landscape, according to on-chain analysis firm Nansen Principal Analyst Aurelie Barthere. “Our analysis suggests that the recent crypto sell-off has dampened risk-on sentiments among traders, leading to a pronounced negative skew in return distribution. As the […]
Fed Balks At Interest Rate Cuts, But Says Hikes Unlikely
Image Source: Pexels Yesterday, May 1, 2024, the Federal Reserve issued its latest policy statement, followed by a press conference by Fed Chair Jerome Powell.The Fed held its policy interest rate steady at 5.25%, as expected. Somewhat surprising to Wall Street was the Fed’s announcement that it will reduce the scope of its Quantitative Tightening program […]
Canada’s Trade Performance Is A Drag On The Economy
Image source: Pixabay As one of the more open economies, Canadian national income is driven by its export performance. Roughly, one-third of Canada’s GDP comes from the external sector, and so when that sector stumbles, the rest of the economy will do the same. The trade deficit in March hit $2.3 billion, surprisingly, since the markets expected […]
Xpeng Reports A 33% Increase In Monthly Deliveries
Image Source: Pexels Shares of Xpeng Inc (NYSE: XPEV) are up 15% on Thursday after the EV maker reported a big increase in deliveries for the month of April. X9 success is helping Xpeng stock in 2024 The electric vehicles company delivered a total of 9,393 vehicles last month – up a whopping 33% versus last year. Its […]
The Great Unwind Accelerates
Image source: Pixabay A stream of big companies are guiding down their outlook this week with reference to distressed consumers pulling back. See: Long-predicted consumer pullback finally hits restaurants like Starbucks, KFC and McDonald’s: Starbucks announced a surprise drop in same-store sales for its latest quarter, sending its shares down 17% on Wednesday. Pizza Hut and KFC also […]
