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Softs Report - Thursday, May 16
Article By:
Jack Scoville
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Thursday, May 16, 2024 12:39 PM EDT
Cotton was higher and trends are still down in the market. The weekly crop progress report showed good planting progress and conditions are good in the southern US this week for growth.
In this article: CANE
Six Of Eight Fed Inflation Categories Are Above The 12-Month Trend
Article By:
SchiffGold
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Thursday, May 16, 2024 12:29 PM EDT
The YoY CPI has been near the low 3% range since June of last year but it has picked back up over the last two months. This is not unexpected as the 0.09% monthly increase from March of last year fell off.
Dow Breaks Above 40,000 For First Time Ever
Article By:
Schaeffers Research
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Thursday, May 16, 2024 12:18 PM EDT
In its fastest 10,000-point climb, the Dow Jones Industrial Average surpassed 40,000 for the first time ever, building on the bull market that began at its Oct. 2022 lows.
Nikola Stock Price Sits At A Pivotal Level As Risks Remain
Article By:
Crispus Nyaga
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Thursday, May 16, 2024 12:07 PM EDT
Nikola’s shares have plunged to a key support level. The company has made a lot of progress but it faces substantial risks.
In this article: NKLA
Chart Of The Day: The Goldman Sachs Group - Making Beautiful Hits
Article By:
Jim Van Meerten
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Thursday, May 16, 2024 11:56 AM EDT
Earnings are estimated to increase 52.10% this year, an additional 8.90% next year, and continue to compound at an annual rate of 16.82% for the next 5 years.
In this article: GS
Why Supply Constraints Are Clouding The Skies For Airlines
Article By:
ING Economics
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Thursday, May 16, 2024 11:45 AM EDT
Post-pandemic airline demand has proved resilient, but available capacity remains a major headache for airlines.
In this article: JETS
They Were Completely Wrong, But...
Article By:
David Moenning
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Thursday, May 16, 2024 11:34 AM EDT
Corporate America got the recession call wrong. Very wrong. But because everyone was so sure an economic downturn was inevitable, companies large and small worked hard to cut costs.
In this article: SPY
FTSE - Reverses Early Losses As BT Trades At Two Year Highs
Article By:
Patrick Munnelly
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Thursday, May 16, 2024 11:22 AM EDT
On Thursday, London's FTSE 100 experienced an initial decline as several companies, including oil giant BP, traded ex-dividend.
In this article: EWU
Russell 2000 Earnings Dashboard 24Q1 - Thursday, May 16
Article By:
Lipper Alpha Insight
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Thursday, May 16, 2024 10:50 AM EDT
The 24Q1 Y/Y blended earnings growth estimate is 0.9%. If the energy sector is excluded, the growth rate for the index is 14.4%.
In this article: IWM
April CPI: Worst Good News Ever
Article By:
Stefan Gleason
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Thursday, May 16, 2024 10:40 AM EDT
The monthly rise in prices based on the Consumer Price Index came in slightly lower than projected, sending a wave of euphoria across the financial landscape.
USD/CAD Forecast: Dollar Struggles Following Downbeat US CPI
Article By:
Yohay Elam
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Thursday, May 16, 2024 10:39 AM EDT
The Canadian dollar hit a 5-week high after the US released its consumer inflation report. The US released its retail sales report, which revealed a significant drop from 0.7% to 0.0%. Canadian home sales fell 1.7% in April.
US Dollar Correction: Not The Time For A Bigger Sell-Off Yet
Article By:
Stephen Innes
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Thursday, May 16, 2024 10:30 AM EDT
The US dollar has undergone a correction following the release of the recent US CPI report.
In this article: UUP
GBP/USD Analysis: Caution Advised Near Overbought Levels
Article By:
Mahmoud Abdallah
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Thursday, May 16, 2024 10:21 AM EDT
Amidst a weakening US dollar, the GBP/USD currency pair surged to a resistance level of 1.2700 this morning.
