Xi Jinping arrives in Europe on Sunday on a mission to ease escalating tensions that threaten to ignite a trade war between China and the EU. On his first trip to the region since 2019, Xi will face tough talks in France on trade and Ukraine before enjoying a warmer welcome in Serbia and Hungary,…
cemagraphics Last weekend’s article was titled “Capitulation” and speculated that the S&P500 (SPY) had made a short-term bottom at the futures low of 4924. It concluded, “5048-5050 is the initial target, but should eventually break for 5108.” That largely played out as the high of the week came in at 5114. However, this was likely…
Hong Kong’s Securities and Futures Commission recently approved Bitcoin Spot ETFs for several major asset managers, paving the way for the city to become a leading hub for such products. The approval comes after months of anticipation and marks a significant milestone for the Bitcoin industry in Asia. JUST IN: 🇭🇰 Hong Kong spot #Bitcoin ETFs…
mbortolino The following segment was excerpted from this fund letter. Booz Allen Hamilton (NYSE:BAH) We added Booz Allen Hamilton (BAH) to the growth portfolio in October 2023. I am highlighting Booz Allen this quarter because the exercise of comparing BAH to CACI serves as an interesting example of weighing the trade-offs between “quality” and “value”…
Hong Kong’s highly anticipated spot bitcoin exchange-traded funds (ETFs) are slated to launch by the end of April, according to various industry sources. NEW: 🇭🇰 Hong Kong #Bitcoin ETFs to start trading by 30th April and could bring in $25 billion: Reports Just a matter of time 🚀 pic.twitter.com/Y1Xo4JVrO7 — Bitcoin Magazine (@BitcoinMagazine) April 17, 2024…
Monty Rakusen By Ewa Manthey Metals prices will rise short-term, but there is a limit No Russian nickel, aluminium and copper produced from 13 April onwards will be eligible for delivery to the LME or the Chicago Mercantile Exchange (CME). The US is also banning Russian imports of all three metals. Russia accounts for about…
amgun I consider The Trade Desk (NASDAQ:TTD) to have quite a wide moat at the moment in diverse, unified access to digital marketing platforms, supported by its strong reputation and scale of operations. However, I also consider its position in the market to be quite delicate at a time of radical innovation in machine and…
simpson33/iStock via Getty Images Investment Thesis Electronic Arts (NASDAQ:EA) is an iconic video game developer and publisher that produces some of the largest franchises in the industry, including Madden, SPORTS FC, and Battlefield. The firm is expert at monetising their titles and remains at the forefront of creative innovation within the field. EA has developed…
Daniel Grizelj/DigitalVision via Getty Images Healthcare is a sector that has consistently demonstrated strong historical growth and is projected to continue growing. The sector’s ability to innovate and adapt to changing market conditions and regulatory environments makes it a big area to focus on for investors, but like all sectors, has been large-cap momentum dominant….
Justin Sullivan/Getty Images News Nvidia, are we at the end of the line? If you are thinking long term, the answer to the above question is probably “not.” Artificial Intelligence, as a bane or blessing, is here to stay, and obviously, Nvidia (NASDAQ:NVDA) is going to be a major player. However, if you are living…
Daniel Balakov We present our follow-up note on OCI N.V. (OTCPK:OCINF), a leading global fertilizer company. We previously issued a Buy rating on the stock, highlighting the strong tailwinds of the nitrogen and methanol businesses, the exposure to green trends, significant free cash flow generation, and a valuation discount. The stock has returned nearly 16%…
Local Man Buys SPAM To Boost Hormel Stock Price PA Images/PA Images via Getty Images It has been a tough year for Hormel Foods Corporation (NYSE:HRL) investors. The stock has chronically disappointed and has underperformed the broader market, i.e., S&P 500 (SPY) and the Consumer Staples Select Sector SPDR (XLP), by a huge margin. Data…
kasezo/iStock via Getty Images Gold has had quite a run as of late. The second leg of a bull run in gold, a run that began in early 2019 when the metal was trading at just over $1,200 per oz, seems to have gotten underway recently when bullion prices decisively broke through the $2,000 handle….
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Futures traders have jumped on the arrival of the first US spot bitcoin exchange traded funds, ramping up a lucrative bet that capitalises on the volatile moves of crypto-related prices. The number of bitcoin futures…
JLco – Julia Amaral/iStock via Getty Images Back in October, we outlined a very clear trade on Farmers National Banc Corp. (NASDAQ:FMNB). We showed you the entries and rate shares as a buy for a trade and to collect income. The target exit was hit, and one of the things that we like to teach…
Shutthiphong Chandaeng Investment Thesis The Trade Desk (NASDAQ:TTD) has outpaced the digital advertising industry as a whole thanks to its innovations in programmatic advertising and market positioning as an exclusively demand side platform (‘DSP’). The company’s tailwinds remain plentiful within the Connected-TV (‘CTV’) and Retail Media verticals. Additionally, a shifting identity landscape as Google’s ‘Cookies’…
champc Reviewing 2023 results for the major asset classes reflects a long list of winners, with one conspicuous downside outlier: commodities. Amid widespread gains in global markets last year, the red ink in raw materials stands out. Does that create the setup for a rebound in 2024? I considered the possibility a month ago, but…
Investors interested in Bitcoin ETFs in the US have been transferring their 401k retirement plans to institutions offering seamless trading in a bid to obtain financial freedom. The approval of 11 spot Bitcoin exchange-traded funds (ETFs) has received mixed reactions in the past two days. On one hand, the approval of spot Bitcoin ETFs by…
Today, the United States Securities and Exchange Commission (SEC) has officially approved the listing of the first-ever spot Bitcoin Exchange-Traded Funds (ETFs). This move marks a historic milestone in the evolution of Bitcoin adoption within traditional financial markets. The approval comes after extensive deliberation and anticipation surrounding the introduction of spot Bitcoin ETFs, which are…
cemagraphics The worldwide Purchasing Managers’ Index (PMI) surveys compiled by S&P Global Market Intelligence indicated a further deterioration of global trade in December, thereby extending the sequence of decline to 22 months. The rate of contraction remained moderate, despite picking up from November, with the seasonally adjusted PMI New Export Orders Index posting 48.3, down…
Spot Bitcoin Exchange-Traded Funds (ETFs) could potentially commence live trading as early as Thursday or Friday, with approval happening this Wednesday, sources close to the matter told CNBC. This news comes amid intense anticipation for the launch of Spot Bitcoin ETFs, a significant milestone anticipated to provide mainstream investors with a regulated avenue to gain…
g_jee Introduction: I’ve been thinking about writing this for a little while, but truth be told I haven’t had the time. Subsequently, this will be somewhat brief and I encourage the reader to do more due diligence than usual relative to my previous articles. Having said that, I will argue that this is actually a…
golubovy/iStock via Getty Images The Trade Desk (NASDAQ:TTD) stands out with remarkable financial achievements in Q3 2023, showcasing a solid presence in the rapidly evolving industry. The company’s substantial revenue increase reflects its successful adaptation to the changing advertising environment and emphasizes its dedication to accuracy and transparency in its campaigns. This article examines the…
Jacobs Stock Photography Ltd Nomad Foods (NYSE:NOMD) is one of the leaders in frozen food products in the European Union and the UK. The company’s brands command an upper 30% market share in several European markets in the fish and vegetables category, and its products are premium priced as much as 20%. Last year in…
Sidney de Almeida My investment thesis for Nu Holdings (NYSE:NU) centers on the potent combination of sustained growth, quality, and operational efficiency, a formula that historically yields positive outcomes. As highlighted in my previous analysis of the Brazilian digital bank, while concerns persist about its premium valuation, it’s crucial to distinguish this from inherent overvaluation….
jetcityimage On September 22nd, we flagged a trade in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL). We set an exit price of $74+ for that trade from the mid $60s. That was a nice near 20% return overall, yet shares are taking a haircut today following the just-reported fiscal Q1 earnings. The restaurant…
Andrii Dodonov/iStock via Getty Images One name that has traded wildly is an international trading exchange company Futu Holdings Limited (NASDAQ:FUTU). This is a stock we have traded at our service last buying in at $39, and also covering publicly when shares more than doubled. Futu Holdings Limited is an online brokerage firm based in…
Olivier Le Moal We cover a plethora of regional banks, and we were asked about FNCB Bancorp (NASDAQ:FNCB), which has a nice history of growth. Right now you can collect and attractive dividend yield of 5.8%. Overall, we believe this is a fine bank stock, but it is likely to trade sideways until the overall…
Following the Q3 2023 report, Intel stock rose by more than 7% in after-hours trade, after closing the session at $32.52 per share. As of the press moment, Intel stock is trading at $35.15. Its market cap has hit $137.49 billion. Year-to-date, Intel shares are 23.04% up. The world’s largest manufacturer of central processing units and semiconductors…
This collaboration would facilitate a seamless and secure data and service exchange across the global trade ecosystem. Vodafone, Chainlink, Sumitomo, and InnoWave have teamed up to revolutionize the global trade process, using blockchain technology. The companies demonstrated a proof of concept (PoC) with Web3 services at the SmartCon 2023 conference in Barcelona, Spain. Nature of…
filmfoto The “pain trade” continues to be higher into year-end. We made such a point in January, suggesting the 2022 “correction” was complete. Let’s review what I wrote, and then we will expand on why we believe the “pain trade” is higher over the next few weeks. “From the bullish side of the ledger, the…
FatCamera/iStock via Getty Images By Inga Fechner & Rico Luman Drought and low water have had a major impact on vital inland water trade routes lately Waterways have always been crucial for transport. They’re a cheap and environmentally friendly way of transporting heavy or bulk goods such as coal and steel, mineral oil products, chemicals…
Fourteen years ago today, on October 12, 2009, a historic moment unfolded in the world of Bitcoin as Bitcoin saw its first-ever trade for U.S. dollars. This pivotal event, orchestrated by Martti “Sirius” Malmi, a developer who worked with Bitcoin’s pseudonymous creator Satoshi Nakamoto on some of its earliest software versions, marked the birth of…
tadamichi The worldwide Purchasing Managers’ Index (PMI) surveys compiled by S&P Global Market Intelligence indicated a nineteenth successive monthly deterioration in global trade in September, albeit at a slightly more modest pace than seen in July and August. The seasonally adjusted PMI New Export Orders Index rose from 47.9 in August to 48.1 in September,…
Receive free Global trade updates We’ll send you a myFT Daily Digest email rounding up the latest Global trade news every morning. Turkey is in “intensive negotiations” over its alternative to the India-Middle East trade corridor plan that was agreed at this month’s G20 summit, as the country seeks to bolster its historic role as…
Sashkinw/iStock via Getty Images Investors in The Trade Desk, Inc. (NASDAQ:TTD) celebrated a remarkable market-beating performance in 2023 as TTD surged to its early August highs. However, sellers denied further upside at the $92 level before a post-earnings selloff followed as TTD bottomed out in mid-August at the $70 level. As such, TTD briefly entered…
Rhode Island has officially approved a license requested by Twitter Payments LLC, X’s payment branch, to be able to store, transfer, and exchange Bitcoin and other digital assets on behalf of its users. The currency transmitter license is required for companies who want to perform these activities related to Bitcoin and crypto on behalf of its users. This…
Riska Back in November we highlighted The Buckle (NYSE:BKE) for a trade which remains a specialty retailer that we have liked and traded in the past. For that trade, we had a target profit exit of $45. That was hit in January of this year. Since then the stock gave back about 1/3 of its…
mbbirdy/iStock via Getty Images The reshuffling of weightings in the popular Invesco NASDAQ 100 ETF (QQQ) during late July pushed the positioning of Apple (AAPL) and Microsoft (MSFT) lower in particular. It also has some traders looking for ways to gain exposure to the Big Tech sector through different investment vehicles. Perhaps the best, lowest…
0meer/iStock via Getty Images Investment Thesis The Trade Desk (NASDAQ:TTD) delivers a mixed report, where its guidance does point to accelerating sequential quarterly growth rates, but for all intents and purposes it appears that for now, The Trade Desk’s growth rates will be stuck at mid-25% CAGR. Given where expectations are, I believe that paying…
Gri-spb/iStock via Getty Images Shares of Republic First Bancorp (NASDAQ:FRBK) have soared almost 33% since early trading on July 24. Are traders being rational or is this typical meme penny stock trading? Most likely a combination of both. FRBK is a “lottery ticket” trade that could pay off nicely if interest rates decline significantly but…