DNY59 The SPDR S&P 500 ETF (NYSEARCA:SPY) has been on a tear lately, generating very impressive returns over the past year on the back of a strong bull market in artificial intelligence stocks, particularly in one of its top constituents NVIDIA (NVDA) thanks to its impressive results. Data by YCharts That being said, the forward…
wdstock It’s been a rough couple of weeks in the markets leading into big-tech earnings season, as the macroeconomic backdrop is becoming increasingly negative, taking AI-mania’s spot in the center of attention. Microsoft (NASDAQ:MSFT), one of the leaders of the AI craze, is set to report its fiscal third-quarter results this Thursday, April 25th. Investors…
D4Fish Snowflake (NYSE:SNOW) has been sold off after its earnings report, but I do think that the numbers look more de-risked today and sets the company and its new CEO up well for 2024. I am of the view that the new CEO Sridhar Ramaswamy is the right person to bring Snowflake to the next…
Leonhard Simon/Getty Images News China EVs are a highly contested investment theme with extremely choppiness, which I believe ultimately ends in upside BYD (OTCPK:BYDDF) (HK-1211) is one of the top relative outperformers in China’s landscape in calendar year 2023, where the majority of technology names capitulated 10-20% losses in another year where the Hang Seng…
richard johnson Note: I have covered EuroDry Ltd. (NASDAQ:EDRY) previously, so investors should view this as an update to my earlier articles on the company. Similar to peers, shares of small, Greece-based dry bulk shipper EuroDry Ltd. (“EuroDry”) have been in demand following a recovery in dry bulk charter rates over the past two months….
John M. Chase Salesforce, Inc. (NYSE:CRM) is set to report results for its Q3 that ended October 31st, 2023 after hours on Wednesday, November 29th. Analysts expect the company to report a Non-GAAP EPS of $2.06/share on the back of $8.72 billion revenue. Should Salesforce meet the estimates, it’d represent an impressive YoY EPS growth…
TheaDesign November of 2023 saw a massive rally in risk assets and a large drop in Treasury yields. The S&P 500 index (SPX) and 10-year Treasury rates (GT10). (Bloomberg) This rally in risk assets and Treasury bonds can be traced back to two sets of macro announcements. In early November, there was a weak ADP…
mysticenergy Antero Resources Corporation (NYSE:AR) has performed well since my initial write-up, up nearly 27% since I placed a “Buy” rating on the stock in March versus an 11% gain in the S&P over the same time period. With the Appalachian natural gas E&P reporting its Q3 results, I wanted to catch up on the…
The US Treasury Yield has reached levels not seen since 2007 thereby denting the demand for riskier assets such as Bitcoin and altcoins. After a strong start to October and Q4 2023, Bitcoin (BTC) price has dropped by 3% in the last 24 hours moving under $28,000. This happened amid some profit-taking as well as…
MicroStockHub/E+ via Getty Images By Levi at Elliott Wave Trader; produced with Avi Gilburt Way back now almost 2 years ago, we began to warn of issues developing within the banking system. Specifically regarding (NYSE:WFC), Avi wrote this article last December, “Is Your Bank Safe? A Look At Wells Fargo”. Since that article was published,…
Justin Sullivan Used-car dealer Carvana (NYSE:CVNA) has seen a sharp upward revaluation of its shares in the last couple of months which has been driven in part by improving operating fundamentals that included a change in the margin trajectory and cost improvements. While the company has been driving a strong restructuring, that has resulted in…