A 5-minute bar chart for Comex gold futures provides valuable analysis and trading information with short-term moving averages and support/resistance levels for active intra-day traders.
Tesla's disappointing sales figures suggest a broader slowdown in the electric vehicle industry, highlighting challenges beyond the company's control and indicating a potential decline in global demand.
Stock futures were relatively unchanged on Wednesday, with the major indexes struggling amid various challenges such as rising Treasury yields and weak deliveries from Tesla, but some stocks like Meta Platforms and Uber showed resilience.
Direct-to-consumer brands, such as HelloFresh and Peloton, have seen their stock prices plummet as they struggle to achieve profitability, facing challenges from economic downturns and investor preferences for companies with solid fundamentals and profit. Meanwhile, Costco has partnered with direct-to-consumer health care marketplace Sesame to offer its members a weight-loss program that includes prescriptions for GLP-1 weight loss drugs. Additionally, Tesla reported a drop in sales due to increased competition and price cuts.
US stock futures point to more losses as investors wait for Federal Reserve Chair Jerome Powell's speech for clues on interest rates, while Tesla's stock is hit as JP Morgan analyst Ryan Brinkman cuts his price target due to a lackluster deliveries report and Intel shares drop after revealing larger losses in its chip manufacturing business.
Europe's long-term economic prospects will not be achieved through solely intra-European initiatives, but rather by forming relationships with rapidly expanding frontier markets such as Africa.
The US ADP survey is expected to show that the private sector added 148K new positions in March, which could impact the direction of the US Dollar.
The current mortgage market in 2024 presents unique opportunities for homebuyers, with interest rates expected to drop and home prices being more of a barrier than interest rates, depending on the price range. Seeking preapproval, conducting thorough research, optimizing credit worthiness, and seeking professional guidance are strategies to become the most qualified buyer.
KBW has initiated coverage of Robinhood with a market perform rating and a $20 price target, noting that the recent acceleration in retail trading has boosted the share price, but questioning how long this trend will continue.
The global pharmacy automation market is projected to reach USD 12.7 billion by 2028, growing at a CAGR of 10.20%, driven by factors such as rising prescription volumes, demand for automated packaging and labeling solutions, and the need to reduce medication errors.
U.S. stock indexes are slightly higher after experiencing a significant decline, as worries emerge over the Federal Reserve's ability to deliver interest rate cuts this year due to a resilient U.S. economy and rising stock prices.
Chinese internet giants Alibaba and Tencent have been buying back shares at a record pace in an effort to boost their market value during the ongoing stock rout in China, with Alibaba repurchasing $12.5 billion of shares, the largest buyback by a Chinese tech company in the past year, while Tencent has spent a record HKD 49 billion ($6.3 billion) in share repurchases.
Tesla faces tough times ahead as weak first-quarter numbers and declining deliveries prompt concerns about future performance.
The global integrated systems market is projected to reach USD 134.4 billion by 2032, with a CAGR of 17.4%, as organizations opt for integrated systems to integrate new technologies without disrupting their existing IT infrastructure.
Renewed inflation fears are causing stocks to decline, China's service economy continues to expand, Australian consumer confidence slips, the Reserve Bank of Australia remains uncertain on interest rate increases, Treasury Secretary Janet Yellen heads to China with an economic message, German inflation falls to a three-year low, US job openings remain high, US factory orders rise in February, and managed care stocks are expected to fall due to Medicare payment concerns.
Elon Musk believes that Nelson Peltz would significantly improve Disney's share price and would personally buy Disney shares if Peltz were elected to the board, citing Peltz's track record of reforming companies and serving in the best interests of shareholders. Virgin Atlantic expects to make a profit in 2024 after narrowing its losses in 2023, while Ryanair cancelled almost 950 flights in March due to the conflict in Israel and Gaza. Chipmakers in Taiwan have evacuated factories following a major earthquake, impacting the global technology supply chain. Disney has reportedly fended off a bid for board seats from activist investor Nelson Peltz.
Vetri Subramaniam, CIO of UTI AMC, expresses concern about the valuations in the midcap and smallcap segments of the market, stating that there is no margin of safety and they are trading at a premium to largecaps. He suggests that debt is a good investment opportunity and recommends considering asset allocation products with significant debt for tax purposes.
The global industrial air filtration market is projected to reach USD 13.5 billion by 2032, driven by the need to improve air quality and remove contaminants in manufacturing processes.
Overseas money managers are becoming more positive about Chinese stocks after the securities regulator implemented measures to halt the decline, according to HSBC's brokerage unit, with Asian and emerging market investors seeking opportunities in the Chinese stock market as valuations in the Japanese and Indian markets become increasingly stretched.
The S&P 500 has had a strong start to the year, but caution is advised in the near term due to rapid appreciation and decreasing technical momentum, although there is a high probability that the market can end 2024 considerably higher with a year-end target range of 5,800-6,000.
A powerful earthquake in Taiwan threatens the global supply chain, putting chip production and global firms at risk, while highlighting the push for onshore production to reduce reliance on Taiwan; meanwhile, markets are awaiting U.S. Federal Reserve Chair Jerome Powell's appearance and economic data.
Renewed inflation fears drive stocks lower as rising commodity prices cloud the interest-rate outlook, while the US labor market remains robust with 8.8 million job openings in February and German inflation falls to a near three-year low ahead of an ECB meeting.
Tesla's market share in China has dropped to around 6.7% as the company faces increasing competition from local rivals and a slowdown in the country's EV market.
Asian shares mostly declined on Wednesday after Wall Street experienced a sharp drop, sparking concerns that the turbulence could spread to Asia and potentially lead to a significant correction in the markets.
Despite the slowdown in the electric vehicle market, Ford has potential for growth and income in 2024 due to its strong reliance on internal combustion engine vehicles and its potential to declare supplemental cash dividends.
Stocks dropped on Tuesday as bond yields spiked, with the Dow Jones Industrial Average down nearly 400 points and the Nasdaq Composite off by about 1%.
Innovative Industrial Properties (IIPR) closed at $99.33, reflecting a -1.54% shift from the previous trading day's closing, and the company's upcoming earnings release and positive estimate revisions suggest a good business outlook.
The Associated Press has retracted a story regarding Asia stock market activity on March 12.
Enbridge's stock performed well compared to the S&P 500, with shares gaining 0.06% and outpacing the market's daily loss of 0.72%, and the company is expected to report a decline in earnings and an increase in revenue in its upcoming earnings disclosure.
Caterpillar's stock ended the latest trading session at $364.83, up 0.3% from the previous day, outperforming the S&P 500; the company's upcoming financial results and positive estimate revisions indicate a promising business outlook.
Intel's stock fell by 1.3% in the most recent trading session, trailing behind the S&P 500, Dow, and Nasdaq, and has fallen by 2.39% in the past month, but is expected to report a significant increase in EPS and revenue in its upcoming release.
Exxon Mobil's stock price increased 1.96% compared to the previous day, outperforming the S&P 500, however, its upcoming earnings disclosure is projected to show a decline in earnings and revenue.
Energy Transfer LP (ET) ended the latest trading session at $15.78, up 0.57% from the previous day, outperforming the S&P 500, which saw a loss of 0.72%, as investors await the upcoming earnings release, where a decline in earnings is expected.
Eli Lilly's stock outperformed the S&P 500 but has fallen by 4% in the past month, and investors are eagerly waiting for the company's upcoming earnings release, which is expected to show significant growth compared to the previous year.
Dow Jones futures, S&P 500 futures, and Nasdaq futures were relatively unchanged after a rough stock market session, marked by a drop in Treasury yields and various negative factors affecting different sectors such as health insurance, apparel, and Tesla.
China's housing market is not facing an oversupply crisis, despite previous claims, as there is significant overcorrection in the property development sector and limited oversupply in the housing market, with the average loan-to-value ratio of home mortgages in major cities at about 50% and banks' exposure to developers representing less than 5% of their loan book. However, the housing crisis continues to hinder China's economic recovery.
Federal Reserve Chair Jerome Powell is set to deliver another speech amid market declines in early Q2, following his recent suggestion that rate cuts may be postponed until later in the year.
Rubrik, a data cybersecurity company, has filed for an IPO after raising significant funding, suggesting that the IPO market for tech companies may be heating up.
Markets are closely monitoring the Fed and potential interest rate cuts as concerns grow over slower demand and production for Tesla, potentially endangering its status among major tech players.
The global packaging tapes market is projected to reach a value of $112.2 billion by 2032, driven by the growth of the e-commerce sector and the increasing demand for high-quality packaging tapes, as well as the emphasis on environmental sustainability.
Companies that ignore climate risks, such as hurricanes, wildfires, and climate-related regulations, are punished by markets, while those that proactively manage climate risks are rewarded, according to a study from the University of Florida. The research used textual analysis of earnings call transcripts to assess companies' exposure to physical climate risks and transition risks associated with the shift to a low-carbon economy. Companies that proactively adapt their business models and invest in sustainable technologies fare better in terms of market valuation.
Stocks slumped on Tuesday, with Tesla and health insurers leading the indexes lower, while Treasury yields rose as rate cut optimism waned.
Most baby boomers are planning to stay in their current homes as they age, leading to a shortage of available homes for younger buyers, according to a survey by Redfin, with financial incentives being the main reason for not downsizing.
US stocks closed lower as investors digested the possibility of a delayed interest rate cut, while US bonds struggled and oil prices rose; health insurer stocks also saw a decline after US regulators failed to increase payments for private Medicare plans.
Q1 markets presented mixed signals with certain indices and metals outperforming others, and geopolitical concerns are likely to inject volatility into global markets, resulting in uncertainty and volatility despite upward price trends.
Investors are demanding higher rates of return on US government bonds after shifting their forecast for rate reductions in 2024, causing yields on Treasury debt to climb to the highest levels this year.
Stocks had a strong performance in the first quarter of 2024, with gains driven by technology and value stocks, while the bond market was affected by the prospect of delayed rate cuts; Morningstar provides insights on market performance and outlook, stock sectors, and mutual funds.
Entry-level workers are experiencing a decline in confidence due to a depressed hiring market, layoffs, and limited job opportunities, which is leading to stress and burnout, according to a recent Employee Confidence Index from Glassdoor. However, a revitalized job market could potentially boost employee confidence and allow for career advancement.
Bitcoin cash (BCH), dogecoin (DOGE), and litecoin (LTC) were the only assets in the CoinDesk 20 Index that closed higher compared to the previous week, while six assets weakened by more than 10%; overall, the CoinDesk 20 Index fell 4.3% due to declines in bitcoin (BTC) and ether (ETH).
Oil prices are continuing to rise, with WTI crude oil reaching its highest level since October, driven by tensions in the Middle East and expectations of OPEC+ production cuts, leading analysts to raise their price targets and the energy sector to outperform the S&P 500.