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Market Talk - Wednesday, May 5
Today 18:00 EDT
Mexico’s GDP fell 3.8% on an annualized basis but grew 0.4% in the last quarter. Mexico’s central bank expects GDP to advance 4,5% in 2021.
Uber Blowout Earnings Smash Expectations, Stock Barely Budges
Today 17:48 EDT
Dow Nabs Record on Commodity, Semiconductor Sector Rebound
Today 17:36 EDT
After a brief dip into the red this afternoon, the Dow came back strong, ending the session up over 97 points, and notching a brand new record high.
Still No Love for Strong Earnings
Today 17:26 EDT
How The Brazil Drought Is Affecting Multiple Commodities
Today 17:13 EDT
Concentration of ownership in psychedelic drug stocks has reached a new extreme. We explain how and why we don't see this trend as being sustainable.
5 ETFs at The Heart of the Commodity Comeback This Year
Today 16:30 EDT
Here are five best-performing commodity ETFs so far this year from different areas that will continue to trend higher if the favorable factors persist.
Dogecoin: Doge Jumps Ahead of Elon Musk's SNL Appearance
Today 16:00 EDT
Dogecoin continues to show massive price appreciation with some pointing fingers at Elon Musk’s upcoming appearance on Saturday Night Live as a possible reason.
How Will the Fed Deal With This Latest Bout of Inflation?
Today 15:48 EDT
Historically, the only thing that has stopped inflation is for the Fed to tighten monetary policy by either hiking interest rates or tapering its Quantitative Easing (QE) programs.
Cryptocurrencies Through May 5
Today 15:36 EDT
Secular inflation or inflated expectations?
Today 15:24 EDT
A Technical Look At PayPal Ahead Of Earnings
Today 15:12 EDT
This will be the first full quarter that will include results on PayPal's cryptocurrency integration.
How To Play The Biggest Bubble "Inside" The Stock Market Since The Dot.com Collapse In 2000
Today 15:00 EDT
The stock market is currently in an extremely bullish mode fueled by a "bubble" inside the market that's unsustainable and unpredictably bullish.
The Fed crammed money down the throats of commercial banks via QE policy although the banks have little demand for loans.
Beverage Stocks That Quench The Thirst Of Investors
Today 14:37 EDT
The stock market is on average significantly weaker from May until the end of October than during the rest of the year. But there are still several sectors that are benefiting substantially from the...
Understanding Backwardation and Contango in Futures Markets
Today 14:25 EDT
Anyone following business news over the past few weeks must be aware of the stunning rises of various commodity prices. That makes it important for investors to understand the futures market concepts...
Recent Dip Providing Buying Opportunity On Ebay
Today 14:13 EDT
eBay has declined in recent weeks and part of the dip came after the company reported earnings. The stock appears to have hit support last week and looks ready to resume its upward trend.
JOYY Inc (YY) Breaks Key Support, Here’s The Trade
Today 14:03 EDT
The next major support level for JOYY Inc stock will be around the $80.00 area. This level is where the stock was defended in late December 2020 before rallying to new all-time highs.
Most Active Equity Options For Midday - Wednesday, May 5
Today 13:47 EDT
Top tickers for midday: AAPL, TSLA, PTON, PFE, NIO, T, AMD, FCX, AMZN, UBER, XOM, FB, F, PLTR, GM, MSFT, BAC, NVDA, SOS, CCJ.
Tencent Music Entertainment (TME) Stock Chart Bullish Signal
Today 13:35 EDT
Not only is the stock into major support but there is a time count on the daily chart. This sets up for a possible pop higher in the next few days/weeks.
Stocks Climb as Tech Sector Spins its Wheels
Today 13:24 EDT
After a brief foray into the red this morning, the Dow Jones Industrial Average (DJI) is modestly higher midday thanks to outsized gains from the commodities sector.
Grains Off & Running. The Corn & Ethanol Report
Today 13:13 EDT
On the Ethanol front, margins are improving and exploding exports aided by China’s second-largest monthly shipments on record.
Are ESG Stocks The Next Bitcoin?
Today 13:00 EDT
USD/CAD trades within a narrow range as it fails to extend the series of lower highs and lows following the Federal Reserve interest rate decision.
WTI Holds Gains Above $66 After Big Crude Draw
Today 12:38 EDT
Oil prices are up for a third straight day this morning as the easing of lockdowns in the US and parts of Europe prompted hopes of an increase in fuel demand over the summer months.
Last month, the CPSC had "urged consumers with children at home to stop using [Tread+] immediately".
US Dollar Muted Following Miss on ISM Services PMI, NFPs Eyed
Today 12:18 EDT
Zooming in on an hourly chart of the DXY Index, we can see that the US Dollar could be developing an ascending triangle pattern. US Dollar bulls must first overcome daunting technical resistance posed...
For the third quarter, revenue grew 38% to $568.7 million, ahead of the market’s forecast of $531.92 million.
COVID Has Triggered The Next Great Financial Crisis
Today 11:59 EDT
What's left are the 'fatal synergies' of soaring debt and leverage, diminishing returns on stimulus, the substitution of credit for savings, and the coming deflationary tsunami that pops all the...