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GameStop Frenzy Reignites
Article By:
Warrior Trading
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Wednesday, May 15, 2024 7:49 AM EDT
GME shot up by 69% before peaking at over a 100% gain. Seeing this unfold brought back memories of the 2021 short squeeze. But what’s driving this sudden spike, and how should day traders approach it? Let’s dive into the blog and talk about it!
In this article: GME
Eurozone Industrial Production Increases In March
Article By:
ING Economics
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Wednesday, May 15, 2024 7:38 AM EDT
The 0.6% month-on-month increase was strongly driven by a jump in the notoriously volatile Irish production figure. Production seems to be tentatively bottoming out at the moment, with a modest recovery expected in the second half of the year.
Buffett’s Commentary On Selling Stocks Is Worth Noting
Article By:
Tim Travis
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Wednesday, May 15, 2024 7:09 AM EDT
Last Saturday was the Berkshire Hathaway annual shareholder meeting and there was an interesting quote from Warren Buffett, after selling a chunk of his Apple stock.
In this article: BRK-B
Markets, Uncertainty, Forecasting
Article By:
Greg Feirman
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Wednesday, May 15, 2024 7:01 AM EDT
If we can have no rational basis for making one forecast over another or accepting one historical interpretation over another, then investing – and indeed all history and social science – is hopeless.
Biden Quadruples Tariffs On China EVs, Batteries
Article By:
ESG Today
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Wednesday, May 15, 2024 6:50 AM EDT
Biden announced a broad series of tariffs on goods imported from China, including several categories of products central to the U.S.’ clean energy transition strategy, such as electric vehicles, batteries and battery materials, and solar cells.
Don’t Blame Trump For The Coming Slump
Article By:
Martin Hutchinson
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Wednesday, May 15, 2024 5:36 AM EDT
Observers have been puzzled by the continued strength of the U.S. stock market, asset prices generally and the U.S. economy in the face of sharp rises in interest rates since early 2022.
Samsung Plans To Invest 1 Billion Dollars In Vietnam
Article By:
EqualOcean
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Wednesday, May 15, 2024 4:54 AM EDT
Recently, Samsung Electronics announced that it will significantly increase the size of its annual investment in Vietnam, with plans to boost investment by up to $1 billion.
In this article: SSNLF
Small Cap Profit Margins Confirm NFIB Findings
Article By:
Lance Roberts
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Monday, May 13, 2024 9:05 AM EDT
While the economy appears to be in good shape, the NFIB shows that smaller businesses, including some small-cap stocks, are suffering.
In this article: SPX
The Problem With Electric Vehicles
Article By:
Dean Baker
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Monday, May 13, 2024 8:57 AM EDT
For the last quarter century, those of us hoping we could slow global warming were anxious to see a quick conversion to electric vehicles (EVs). If we could get most people using electric vehicles, we could radically reduce greenhouse gas emissions.
Rent Prices Rose For The Third Straight Month According To Apartment List
Article By:
Mish Shedlock
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Monday, May 13, 2024 8:49 AM EDT
Rents were not falling as reported recently by Apartment List. Nor are Apt List estimates correct now. Let’s discuss what’s really happening and why Truflation is wrong as well.
British Pound Rebounds Strongly Against US Dollar
Article By:
ForexCycle
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Monday, May 13, 2024 8:36 AM EDT
After testing the key 1.2448 support level, the GBPUSD currency pair staged an impressive rebound, to the 1.2553 area in recent trading sessions. This bounce higher is likely the resumption of the broader uptrend that originated from the 1.2299 low.
Forex Today: US Stock Markets Advance On Earnings Optimism
Article By:
Adam Lemon
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Monday, May 13, 2024 8:19 AM EDT
US stock market indices are advancing bullishly towards their all-time highs, despite the lack of rate cuts. The bullishness is believed to be because S&P 500 companies are reporting higher than expected corporate earnings.
Oil Trades Near Last Line Of Support Before Substantial Correction
Article By:
Filip Lagaart
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Monday, May 13, 2024 8:07 AM EDT
Oil prices edge up slightly on Monday, but levels are flashing red lights after closing nearly flat last week. The black gold has been unable to rally on the back of further rising tensions on the situation in the Middle East.
Warner Bros. Discovery Posts $9.96 Billion In Q1 Revenues, Missing Estimates Amid Strategic Shifts
Article By:
ValueWalk
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Monday, May 13, 2024 7:56 AM EDT
WB Discovery had a number of challenges in the first quarter and failed to meet its anticipated sales and earnings targets. The company announced a $0.40 per share loss on $9.96 billion in revenues, which was less than the predicted $10.231 billion.
In this article: WBD
Bearish Candlesticks Friday Do Not Necessarily Translate Monday
Article By:
Declan Fallon
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Monday, May 13, 2024 7:33 AM EDT
We have seen this before; a rally of a few weeks tops off with a reversal candlestick, but the next day, the rally continues. For the Russell 2000 ($IWM), there was a 'bearish cloud cover' candlestick to finish Friday's trading.
Investors Don’t Like Their Corn… [Dirty Dozen]
Article By:
Macro-Ops
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Monday, May 13, 2024 7:04 AM EDT
In this week’s Dirty Dozen [CHART PACK] we talk about key levels in Qs and crypto, discuss the start of some negative divergences in internals, look at a breakout in corn, and pitch a potash producer as a way to play a bottom in softs, plus more…