Category Archive: Finance
XRP Hits Seven-Year High After 16% Surge, Is A New ATH Around The Corner?
Image by WorldSpectrum from Pixabay XRP has hit a new multi-year high after surpassing the $3 mark amid the market recovery. The ongoing rally has fueled investors’ and analysts’ bullish sentiment, suggesting that the race to a new all-time high (ATH) has started. XRP Hits $3 After Seven Years XRP has been one of the best-performing cryptocurrencies after the post-election […]
Netflix Stock Poised For 12.6% Rise With New “Buy” Rating
Image courtesy of 123rf.com Seaport Research Partners has recently elevated Netflix’s stock (Nasdaq: NFLX) rating to “buy” in anticipation of the company’s forthcoming earnings report. This upgrade is spearheaded by analyst David Joyce, who has expressed confidence in Netflix’s potential for significant growth in several key areas. Joyce points to the company’s ability to expand its operating income […]
Another Strong Retail Sales Report Is A Mirage Of Inflation
Retail sales numbers from the Commerce Department, chart by Mish.According to the Census Department Advance Estimate, retail sales rose 0.4 percent in October. Advance estimates of U.S. retail and food services sales for December 2024, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $729.2 billion, an increase of 0.4 […]
Russell 2000 Earnings Dashboard 24Q4 – Thursday, Jan. 16
Image Source: Unsplash Russell 2000 Aggregate Estimates and Revisions The 24Q4 Y/Y blended earnings growth estimate is 48.7%. If the energy sector is excluded, the growth rate for the index is 72.6%. Of the 41 companies in the Russell 2000 that have reported earnings to date for 24Q4, 58.5% reported above analyst expectations. The 24Q4 Y/Y blended revenue growth estimate is 1.7%. If the energy sector is excluded, the growth rate for […]
Fresh Bullish Input – South American Weather – Catch 22. The Corn & Ethanol Report
We kicked off the day with Business Inventories MoM, Export Sales. Export Prices MoM & YoY, Import Prices MoM & YoY, Retail Sales MoM & YoY, Initial Jobless Claims, Philadelphia Fed Manufacturing Index, Retail Sales Ex Autos MoM, Continuing Jobless Claims, Jobless Claims 4-Week Average, Philly Fed Business Conditions, Philly Fed CAPEX Index, Philly Fed […]
Retail Sales Miss Expectations, While Inflation Adjusted Sales Remain Stagnant
Retail sales came in at $729.2 billion in December, a gain of +0.4% for the month. This was below the streets expectations of a gain of +0.6%. But still another record high. Novembers results were revised higher as well. Retail sales are up 3.9% over last years results, a modest slowdown from last months 4.1% […]
Market Movers: The Insider’s Guide To Today’s Hottest Trades
Image Source: Pixabay Macro Review: Risk-On Sentiment Fuels Small Caps As markets gear up for Thursday, January 16th, the macro backdrop continues to support a “risk-on” environment, driven by key indicators and economic data. Small-cap stocks, represented by the Russell 2000 Index (IWM), are benefiting from positive tailwinds, with technical resistance levels at $227.17 and $229.85 […]
FTSE Prints One Month Highs As Global Yields Retreat From Peaks
Image Source: Pexels British stocks extended their gains on Thursday, with the FTSE 100 rising 0.9% to reach its highest level in over a month, as investors looked toward potential Federal Reserve rate cuts following a decline in US core inflation. Precious metal miners advanced 3.2%, with gold prices near one-month highs, while aerospace and defence […]
Stocks Choppy As Earnings Reports Trickle In
Stocks are following up their best session since November with a muted midday performance. Investors are assessing a slew of corporate earnings reports, while the 10-year Treasury yield pulls back from 14-month highs wrought earlier this week. At last glance, the Dow Jones Industrial Average (DJI) and Nasdaq Composite Index (IXIC) are inching into the red, […]
EUR/USD Is Trading At Strong Support While Finishing A Correction
EURUSD came lower as expected, broke into the fifth wave we talked about last few weeks, and it finally moved into important support levels at 1.02 area. Notice that we are actually tracking the final leg within this downtrend from 2024 high, so ideally its wave C of a higher degree A-B-C correction, meaning that […]
