Category Archive: Finance, No picture
Cronos Q3 Financial Results Are Impressive
Image Source: Unsplash Cronos Group Inc. (Nasdaq: CRON) (TSX: CRON) announced its Q3 2023 business results today for the period ending September 30th, 2023. All financial information is provided in U.S. dollars in comparison to the preceding quarter. Q3 Financial Highlights Net Revenue: UP 30.5% to $24.8M Canada: UP 37.5% to $18.7M Israel: UP 5.6% to $5.7M Other: […]
The Energy Report: China Wall
Oil and products continue to get hit on the perception that the Chinese economy has hit a brick wall, raising the risk of a global recession. Talk also that players in the Middle East are distancing themselves from Hamas thereby reducing the risk of a regional war. The report said Hezbollah is trying to distance […]
Signs Of A 2024 Recovery Emerge For Dutch Commercial Real Estate
Image Source: Unsplash Increased interest rates and investor risk perceptions of the real estate market are set to put downward pressure on real estate prices in the Netherlands until mid-2024. Demand is expected to pick up after that, but we expect a fair bit of divergence in the timing and pace of recovery for the residential, retail, office, and logistic segments. The real […]
Compared To Estimates, Biogen Inc. Q3 Earnings: A Look At Key Metrics
Image Source: Unsplash Biogen Inc. (BIIB – Free Report) reported $2.53 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 0.9%. EPS of $4.36 for the same period compares to $4.77 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.39 billion, representing a surprise of +6.05%. The company delivered […]
Chart Of The Day: Leonardo DRS – Mixed Opinions
Image Source: Unsplash The Chart of the Day belongs to the electronic defense company Leonardo DRS (DRS). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts […]
Real Rising Wages Are No Cure-All, As The Hungarian Retail Sector Can Confirm
Image Source: Unsplash The volume of retail sales stagnated in September despite the possible return of positive real wage growth. And that could be an indication of how long the road to normalization will take.Retail sales in Hungary aren’t getting significantly better. Based on the September figures, retail trade volumes were essentially unchanged, and the Year-on-Year […]
Teen Jobs Rise In October 2023
The employment situation for American teens picked up in October 2023.Adjusted for seasonality, the number of working Age 16-19 year olds increased over September 2023’s level, from 5,570,000 to 5,685,000. Within the teen population, the increase was concentrated among older teens (Age 18-19), while younger teens saw a smaller tick upward.At the same time, the […]
Disconnects Between Stocks, Bonds, The Dollar, And Vol Widen
Image Source: UnsplashToday was a bizarre day; maybe it was election day, and the kids were home, or maybe it was because I slept in until 6:45 AM. I couldn’t seem to get a feel for things, and that seemed mostly because there were a few big disconnects in the market. We saw rates fall, the […]
The Commodities Feed: Oil Under Pressure
Image Source: UnsplashThe oil market came under significant pressure yesterday. Brent traded down to its lowest level since July, while WTI broke below $80/bbl. There are signs that the oil balance is looking less tight and this comes at a time when concerns over supply disruptions from the Middle East ease.Energy – Brent plummetsThe oil market came under significant […]
Gilead Sciences Tops Q3 Earnings And Revenue Estimates
Image Source: UnsplashGilead Sciences (GILD) came out with quarterly earnings of $2.29 per share, beating the Zacks Consensus Estimate of $1.91 per share. This compares to earnings of $1.90 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 19.90%. A quarter ago, it was expected that […]
