Article By:
Tyler Durden
Wednesday, May 1, 2024 11:18 AM EDT
CVS shares plunged after first-quarter revenue and adjusted earnings missed Wall Street's average expectations. The drugstore chain also slashed its full-year profit outlook, citing rising medical costs in its Medicare insurance unit.
In this article: CVS
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Article By:
Tim Knight
Wednesday, May 1, 2024 11:13 AM EDT
SMCI with one of the great gap-closing shorts in human history. LOTS more downsides from here. Double digits are possible by 2026.
In this article: SMCI
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Article By:
Phil Davis
Wednesday, May 1, 2024 11:10 AM EDT
There’s nothing more fun than a good sell-off when you are well-hedged.
In this article: NYCB, MJ
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Video By:
Jordan Roy-Byrne
Wednesday, May 1, 2024 10:53 AM EDT
In this video, we discuss the breakout in gold, stagflation vs. disinflation and the catalysts which will lead to an upside acceleration in gold & silver over the next few years.
In this video: GLD, SLV
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Article By:
Michael Lebowitz
Wednesday, May 1, 2024 10:46 AM EDT
Taking a closer look at Trump’s potential role in setting monetary policy.
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Article By:
Tobias Carlisle
Wednesday, May 1, 2024 10:27 AM EDT
Superinvestors are dumping Comcast stock. Here is a list the those who reduced, or sold out of the company’s stock, according to their latest 13Fs.
In this article: CMCSA
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Article By:
Bill Bonner
Wednesday, May 1, 2024 10:11 AM EDT
Our Dow/Gold ratio tells us that stocks have a long way to climb down. The ratio is usually around 10. Now, it’s 16.5. Stocks will have to lose about 40% of their value to get down to the average.
In this article: GLD, SPX
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Article By:
Mish Shedlock
Wednesday, May 1, 2024 10:03 AM EDT
Elon Musk went globetrotting to China and scored a big victory for Tesla’s Full Self Drive (FSD) Technology. Or did he?
In this article: TSLA
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Article By:
Peter Brandt
Wednesday, May 1, 2024 9:57 AM EDT
Upon nuermous requests, here isan update on the magnitude and duration of Bitcoin bull market corrections, since 2015.
In this article: BITCOMP
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Article By:
Wajeeh Khan
Wednesday, May 1, 2024 9:39 AM EDT
TG Therapeutics Inc (NASDAQ: TGTX) is up 30% on Wednesday even though it reported a wider-than-expected per-share loss for its fiscal first quarter.
In this article: TGTX
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U.S. recession risk remains low at the moment, based on the newsletter’s primary indicator, which aggregates several business-cycle metrics.
Over the last two weeks, the bullish sentiment index has reversed from extreme greed to fear. The composite net bullish sentiment index, comprised of professional and retail investors, fell from 38.15 to 9.9 in two weeks.
When considering IBM’s stock price forecast 2024, it is essential to focus on the overall trend rather than fixating on specific price targets.
In my prior post from early April, I mentioned that I was closely watching if the OMXIPI and OMXI15, the two main benchmarks for the Icelandic stock market, are in the process of reversing their long-term trends from down to up.
Equilibrium was lost when an earnings-based reflex rebound restored S&P to around the 50-Day Moving Average, and then Tuesday simply worked into a more notable sell-off.
International Paper (IP) manufactures packaging products and cellulose fibers. Over the past year, International’s share price increased about 5.58% from $33.11 to $34.96 as of Tuesday’s market close.
