Category Archive: Finance, No picture
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 […]
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 […]
Investors Beware: U.S. Housing Market Teetering On Brink Of Crisis
Mortgage Rates Spiking, Housing Market in Danger ZoneOminous clouds could be gathering over the U.S. housing market. Investors beware!While the experts have been busy trying to figure out what the Federal Reserve is going to do with interest rates, they’ve been paying very little attention to the U.S. housing market.The market is in dangerous territory, […]
Iranian crypto mining poses ‘direct threat’ to national security, Senators Warren and King argue
US Senators Elizabeth Warren (D-Mass.) and Angus King (I-Maine) have sent a letter to top military and financial officials, expressing concerns about Iran’s reliance on cryptocurrency mining as a means of generating revenue and potentially evading US sanctions.The letter, dated May 1, was addressed to Secretary of Defense Lloyd Austin, Secretary of the Treasury Janet […]
FTSE Flatlines Ahead Of U.S. Federal Reserve Rate Announcement
Image Source: Pexels On Thursday, Britain’s top stock index saw an increase in value as Shell and Standard Chartered shares surged following positive financial results. Additionally, investors found reassurance in the Federal Reserve’s decision to rule out further interest rate hikes. The FTSE 100, comprising leading companies, experienced a 0.85% rise. The direction of the market […]
Here’s What Wall Street Experts Are Saying About Block Ahead Of Earnings
Image Source: Unsplash Block (SQ) is scheduled to report results for its first fiscal quarter after the market close on May 22, with a conference call scheduled for 5:00 pm EDT. What to watch for: PROBE: Federal prosecutors are examining financial transactions at Square and Cash App owner Block, Gretchen Morgenson of NBC News reports. Internal documents indicate Block processed […]
S&P 500 Earnings Dashboard 24Q1 – Thursday, May 2
Image Source: Pexels S&P 500 Aggregate Estimates and Revisions The 24Q1 Y/Y adjusted blended earnings growth estimate is 10.0%. If the energy sector is excluded, the growth rate for the index is 10.0%. 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. […]
