Article By:
Tim Knight
Monday, May 6, 2024 11:21 AM EDT
In these trying times of relentless upticks, I might as well celebrate one of our better long ideas, which is Oscar Health. I suggested it a couple of weeks ago, and it continues to cruise higher.
In this article: OSCR
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Article By:
Michael Kuchar
Monday, May 6, 2024 11:11 AM EDT
The Nigerian Naira has faced significant devaluation pressures in recent years. This article looks into whether the current position of the Naira will improve or not.
In this article: NGNM
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Article By:
Peter Mathers
Monday, May 6, 2024 11:11 AM EDT
Looking for at least equality of 3 vs. 1 as upside target, to eventually turn into an ABC in the worst of scenarios.
In this article: TXN
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Article By:
Daily Forex
Monday, May 6, 2024 10:56 AM EDT
The Bank of England may this week provide a clearer signal on whether it plans to cut interest rates this summer, just as investors bet on delayed easing expectations.
In this article: FXB, UUP
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Article By:
Yohay Elam
Monday, May 6, 2024 10:36 AM EDT
The dollar plummeted on Friday after a downbeat jobs report. Investors are betting on two rate cuts in 2024, totaling 45 basis points.
A Reuters poll trimmed bets for a stronger Canadian dollar this year.
In this article: FXC, UUP
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Article By:
The Private Banker
Monday, May 6, 2024 9:56 AM EDT
The soft labor data has significantly shifted market expectations, with the probability of a Federal Reserve rate cut in September jumping to around 70%, up from 57% the previous week.
In this article: QQQ, DIA, SPX
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Article By:
Lance Roberts
Monday, May 6, 2024 9:49 AM EDT
Last week’s Employment Cost Index (ECI) shook the stock and bond markets as investors worried that higher wages would keep inflation sticky, thus forcing the Fed to push off rate cuts.
In this article: QQQ, DIA, SPX
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Article By:
Greg Feirman
Monday, May 6, 2024 9:23 AM EDT
The S&P surged 64 points (1.26%) on Friday to 5,128 – right up to its 50 DMA (5,130). The S&P continues to trade in a range (4950 – 5250) defined by its recent high on Friday March 28 and low on Friday April 19.
In this article: DIS, MCD, AAPL, SBUX, UBER Also: SPX
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The rapid uptake of electric vehicles – not just cars – is projected to avoid the need for more than 10 million barrels of oil per day in 2035.
Had it not been for the substantial earnings contribution from the Mag 7, Q1 earnings growth for the rest of the S&P 500 index would be in negative territory.
The average interest rate on U.S. debt is 3.21%, about double what it was in early 2022 and the highest it has been since 2009.
So prospects for a Fed rate-cut are enhanced by 'mediocre or bad' news on Jobs and Manufacturing fronts. Not a lot; but helps as at least it's not particularly more inflationary; and not a bad backdrop.
Evertz is a Canada-based multinational softwear and hardware firm focused on the broadcast/film industry, with a market cap of about $1B Canadian.
We track 7 AI categories; here we highlight those stocks in each category that went up or down by 5% or more during the week.
