sefa ozel Recently, I have seen many investment analysts and news outlets discuss the possibility of ‘Volmageddon 2.0’ (Figure 1). Figure 1 – Option income assets have grown rapidly in recent years (Elliot wave International via X) According to these analysts and reporters, investors pouring billions into ETFs selling options is betting on calm markets…
SOPA Images/LightRocket via Getty Images I downgraded Warner Bros. Discovery (NASDAQ:WBD) stock in November 2023, as I argued why a weaker TV advertising market could worsen headwinds as we headed into 2024. WBD has underperformed the S&P 500 (SPX) (SPY) significantly since my previous article, justifying my caution. However, with WBD falling close to its…
FG Trade I last updated Devon Energy Corporation (NYSE:DVN) investors in November 2023, arguing they should reconsider trying to catch the falling knife on DVN. I enunciated that the downtrend bias on DVN hasn’t waned, as buying sentiments remained tepid in oil and gas stocks. That thesis has panned out as DVN has underperformed the…
xavierarnau Listen below or on the go on Apple Podcasts and Spotify Loan-loss-provision and commercial-loan-loss jitters are hammering stocks. (0:15) Altria announces new stock buyback. (3:35) A winning January bodes well for the S&P in 2024. (5:25) The following is an abridged podcast: Our top story so far Pressure on regional banks continues today on…
Brandon Bell AT&T Inc. (NYSE:T) investors have endured another steep selloff this week, as T stumbled, following a remarkable recovery since it bottomed out in July 2023. Observant investors should recall that the Wall Street Journal, or WSJ, reported that the Environmental Protection Agency or EPA “requested meetings about their use of lead-sheathed phone cables.”…
Stefan Sutka/iStock Editorial via Getty Images Although bullish from a long-term perspective, my fears that British firm Games Workshop (OTCPK:GMWKF) could fall victim to macro-related woes has thankfully not materialized in the circa 14 months since I first covered the company. Indeed, up over 85% in USD terms including dividends, the stock has significantly outperformed…
georgeclerk Stocks rallied big in November. A late spurt into the month’s end, despite a modest pullback on Thursday, capped off one of the S&P 500’s (SP500) best months of the past three decades. All told, the SPDR® S&P 500 ETF Trust (SPY) surged 9% to climb ever closer to a 52-week high. The Invesco…
DNY59 Ares Capital (NASDAQ:ARCC) is a leading business development company or BDC. Its market cap of $10.5B gives it a significant scale and firepower advantage against its smaller peers. The company focuses on “high-quality borrowers” in the middle-market space. Its strategies encompass a myriad of debt and equity structures, providing investors with a blend of…
iantfoto I last covered ASML Holding N.V. (NASDAQ:ASML) in July, as the company was impacted by geopolitical headwinds, emanating from the Biden Administration’s efforts to thwart the progress of China’s AI efforts. Despite that, ASML delivered a solid Q2 earnings scorecard back then, underscoring solid recovery, despite macroeconomic and downstream industry headwinds. However, investors were…
style-photography What a powerful finish as the S&P 500 (SPX) (SPY) and the Nasdaq (NDX) (NASDAQ:QQQ) shook off early pre-market declines on Friday (October 6) as investors reacted to the robust jobs market report. I last held a Neutral view of the Nasdaq in my previous update, as I wanted to ascertain the robustness of…
kenneth-cheung The Compagnie Générale des Établissements Michelin (OTCPK:MGDDF; OTCPK:MGDDY) share might be known mainly because of the well-known lettering with the famous Michelin mascot. The French tire manufacturer is a traditional company from Europe. The company’s history dates back to 1889. Today, the company generates most of its revenue from the sale of tires for…
Hwangdaesung/iStock via Getty Images Leading pure-play cybersecurity company Palo Alto Networks, Inc. (NASDAQ:PANW) surprised Wall Street analysts as it decided to report its fourth-quarter or Q4FY2023 earnings release on August 18 (Friday) after the market closed. Wedbush’s Dan Ives even spooked investors that the company’s decision to release earnings on a Friday evening was a…
Robert Way Alibaba Group Holding Limited (NYSE:BABA) investors have been dealt another massive blow, despite the initial optimism from its recent first-quarter or Q1FY2024 earnings release. As such, the initial post-earnings surge has completely dissipated. The battering has resulted in BABA falling back toward levels last seen in early July. The recent property market crisis…
Analysts and stakeholders expect gold prices to rise as the year runs out because of macroeconomic factors and recession risks. There is a general bullishness around gold prices as the yellow metal is on course to an all-time high in 2024. Analysts believe that the new record is likely because of economic uncertainty which indicates…