America’s Energy Boom: U.S. Crude Exports Soar To Record High
Image Source: Pixabay For those who are confused why the US has spent tens of billions to keep the Ukraine-Russia war going on and on (setting aside of course money laundering by the Biden crime family) here is your answer: as FreightWaves’ Greg Miller reports, the unstated mission of the US military-industrial complex in the lead up […]
Apple Regains $3T In Market Cap: ETFs In Focus
Image Source: Unsplash In a remarkable comeback story, the technology giant Apple Inc. (AAPL – Free Report) has once again claimed its spot as a $3-trillion company, reinstating its position as a titan in the global tech industry. This resurgence marks the first return to the $3-trillion milestone since August, showcasing the company’s robust recovery and investor confidence.Investors […]
McDonald’s Partners With Google As It Lays Out Ambitious Goals For 2027
Image Source: Pexels McDonald’s Corp (NYSE: MCD) just announced a strategic partnership with Google Cloud. Its shares are still trending slightly down at writing. McDonald’s to tap on AI solutions The said collaboration will see McDonald’s tap on artificial intelligence to improve operations.It will help reduce business disruptions and complexity – and accelerate automation innovation at its restaurants […]
Stocks Edge Higher On Hopes Of Soft Economic Landing
Easing labor costs, rising productivity, and a cooling labor market are supporting Wall Street this afternoon. The Dow Jones Industrial Average (DJI), Nasdaq Composite Index (IXIC), and S&P 500 Index (SPX) are all above breakeven midday, as investors hope the upbeat economic data will turn the Federal Reserve dovish and the U.S. will avoid recession. MongoDB Inc (Nasdaq: MDB) stock is down […]
Real Personal Income Revised Higher
“Davidson” submits:Most smaller cos remain deeply undervalued in my view.The bullish case for equities remains intact as Real Personal Income-revised (1st chart), continues to outpace inflation. Economic data is plodding and captures little focus with most headlines on whether or not the current release is better or not than expectations or the prior release. No headlines highlight […]
FTSE Breaks Losing Streak Despite BAT Losses, BT Continues To Gain
Image Source: Pexels Wednesday’s trading, the FTSE 100 in Britain ticked marginally higher by 0.6% as the increase in mining stocks balanced out the decrease in British American Tobacco (BAT) due to their announcement of a $31.5 billion impairment charge. The industrial metal mining sector saw a 2.2% increase as the prices of various base metals […]
Diamond Lifetime High
Well, the bulls keep running with 2023 (with scissors, perhaps, but running nonetheless) as the Dow Industrials ETF symbol DIA (the “DIAmonds“) blasts to yet another lifetime high. That failure below the trendline has got to be one of the grandest fake-outs ever. As long as we’re talking lifetime highs, here’s another unlikely victory: Homebuilders! This is […]
ADP Data Shows U.S. Added 103k Jobs In November, Lower Than Expected
Image courtesy of 123rf.com Payroll processor ADP reported that the US private sector added 103,000 jobs in November, missing the consensus estimates of 128,000 and below the 106,000 reported a month earlier. US equities climbed at the market open on Wednesday, while Treasury bond yields experienced a pullback. Private Sector Sees Slowest Wage Growth Since Sep. 2021 According […]
WTI Extends Losses To 5-Month Lows Despite Crude Draw, Production Decline
Photo by Timothy Newman on Unsplash Oil prices extended their recent plunge (to five-month lows) overnight following across-the-board inventory builds reported by API (especially at the Cushing hub). This morning’s weak ADP report added more selling pressure (demand anxiety building on China concerns) as supply soars with US oil exports near record highs amid record high domestic crude production […]
Bear Of The Day: Floor & Decor (FND)
Floor & Decor Holdings (FND) is a multi-channel specialty retailer of hard surface flooring and related accessories. The stock is currently a Zacks Rank #5 (Strong Sell), with analysts taking their earnings expectations lower across the board. Image Source: Zacks Investment ResearchIn addition, the company resides in the Zacks Building Products – Wood industry, which […]
