PM Images By SchiffGold Money Supply is a very important indicator. It helps show how tight or loose current monetary conditions are, regardless of what the Fed is doing with interest rates. Even if the Fed is tight, if Money Supply is increasing, it has an inflationary effect. One key metric shown below is the…
Monty Rakusen/DigitalVision via Getty Images Introduction It has been around a year since I covered United Microelectronics (NYSE:UMC) first, so I wanted to look at the company’s performance throughout 2023 and see what’s in store going forward. The company’s share price went nowhere in the last year and only the dividend helped to push it…
maybefalse Levi Strauss & Co. (NYSE:LEVI) is a well-known brand all around the globe for their jeans and denim products. The firm has underperformed the broader market and also the consumer discretionary sector in the past twelve months, even though there has been a significant jump in the share price after the earnings results came…
Hispanolistic I first wrote about my investment thesis for DiDi Global (OTCPK:DIDIY) earlier this month. On March 23, 2024, DiDi announced its Q4 and FY 2023 results. For Q4, DiDi maintained its growth momentum and continued to improve operating efficiency. During the quarter, DiDi completed the spin-off of certain smart auto business to XPeng (XPEV)…
PixelsEffect The seasonally adjusted annual rate of sales of existing single-family houses, condos, and co-ops rose 9.5% in February from January, but that increase was smaller than the increase in February 2023 (+11.5%), and so the annual rate of sales at 4.38 million homes, was still down 3.3% from the already collapsed levels of February…
SweetBunFactory Investment Thesis Himax Technologies, Inc. (NASDAQ:HIMX) is a semi-fabless semiconductor design and manufacturing firm specializing in optical and driver components for displays and sensors. HIMX holds a significant market share in the display technology sector, holding some 40% of the automotive display market share and 8% of the total display driver market share. Despite…
Jason marz/Moment via Getty Images With a hefty chunk of Q4 earnings reports in the books, total profits for S&P 500® companies look to have been roughly unchanged from the 2022 sum, according to the latest FactSet numbers.[1] It was a tough year on the macro front, with rising interest rates and the looming threat…
deepblue4you For the 2nd week in a row, there was no data forthcoming from IBES and Refinitiv, which is actually understandable, since the last week of every quarter, and then the first week of the next quarter, is very slow in terms of earnings releases. Using the last “live” report from IBES data by Refinitiv,…
Roland Magnusson Breaking news today in the telecom space had traders shifting positions. AT&T (T) announced that it would buy up to $14 billion of cell tower equipment with Ericsson (NASDAQ:ERIC). Shares of the Swedish supplier closed 4% higher on Tuesday while rival Nokia (NOK) suffered a 5% stock price dip. The contract was considered…
With MicroStrategy’s shares trading at $574 ahead of today’s open, a level not seen since April 2022, investors are closely watching the company’s performance amid the ongoing crypto resurgence. Recent market dynamics have highlighted the impact of the ongoing Bitcoin (BTC) price rally on certain stocks, with Coinbase Global Inc (NASDAQ: COIN) and MicroStrategy Inc…
Thanks to its stellar financial performance in the third quarter, the bank has raised its full-year outlook for 2023. Shares of German banking giant Deutsche Bank (ETR: DBK) surged by a remarkable 7% on Wednesday morning following the company’s stellar Q3 2023 performance that exceeded market expectations. Despite an 8% decline in net profit compared…
Verizon Communications closed the third quarter with 10.3 million broadband subscribers, a 21 percent increase YoY, thus representing its consecutive fourth quarter of net additions. Verizon Communications Inc (NYSE: VZ), a holding company that engages in entertainment products and communication services, announced its Q3 2023 earnings results on Tuesday, October 24. According to the announcement,…
Colombian banker and real estate developer Jaime Gilinski Bacal pumped £102 million making him the dorman stakeholder with 53% stake. During the early trading hours on Monday, October 9, shares of Metro Bank Holdings (LON: MTRO) jumped by a staggering 26%. At press time, the MTRO stock is trading at 52.60 GBX. Metro Bank Shares…
Torsten Asmus By Ovi All of the Crude plus Condensate (C + C) production data for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM which provides updated information up to June 2023. U.S. June oil production increased by 207 kb/d to 12,844 kb/d. The large increase is primarily due to a…
Evergrande has seen an impressive spike in shares even though both the HSI and the property sector in China are still struggling. Chinese property developer Evergrande saw its shares jump 82% on Wednesday, outperforming other publicly listed companies on the Hang Seng Index (HSI). Evergrande shares closed at HK$0.640 after climbing 82.86%, according to data…
Dikuch In this new article about International Seaways (NYSE:INSW), I will explain why I believe that the company is still worth a STRONG BUY recommendation. Particularly, I will provide an overview of the 2023-Q2 results and I will explain why the current oil tanker dynamics could provide International Seaways with room for further growth and…
The termination of this partnership occurred without any announcement, and despite efforts from various news outlets, attempts to gather information from sources have yielded limited results. Robinhood and Jump Trading have ended their years-long relationship, based on a news by Coindesk. According to the report, on-chain data revealed that the partnership ended in July. Jump…
Today, Hong Kong-based start up Bitcoin wallet Xverse announced they have successfully closed a $5 million seed funding round, according to a press release sent to Bitcoin Magazine. The round was spearheaded by Jump Crypto, a prominent name in the blockchain investment realm, and saw the participation of several other backers including RockawayX, Sfermion, Alliance, NGC Ventures, V3ntures, Old Fashion Research,…
Receive free Centrica PLC updates We’ll send you a myFT Daily Digest email rounding up the latest Centrica PLC news every morning. Centrica has reported an almost 10-fold surge in first-half profits at British Gas, the UK’s largest household energy supplier. The company said on Thursday that margins at British Gas, which has almost 7.5mn…