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Alibaba Stock: Forecasting The Rally From The Equal Legs Area
Article By:
Elliottwave Forecast
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Monday, May 20, 2024 4:41 AM EDT
Baba stock ended cycle from the 67.58 low as 5 waves structure. The stock is currently giving us pull back against that low. Equal legs area is already reached at 79.01-75.07. We are aware that pull back can complete any moment.
In this article: BABA
Asia Morning Bites - Monday, May 20
Article By:
ING Economics
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Monday, May 20, 2024 4:18 AM EDT
China’s loan prime rates and Taiwan’s export order data will be released today. US Treasury yields crept higher again on Friday. The 2Y yield rose 2.9 basis points while the 10Y rose 4.5bp to 4.42%.
Weekly Market Pulse: Ch-Ch-Changes
Article By:
Joseph Calhoun
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Monday, May 20, 2024 3:15 AM EDT
There were two important inflation reports last week. The Producer Price Index, showed inflation hotter than expected in April. The YOY change bottomed in June of last year at just 0.3% and has been rising steadily since then. It now stands at 2.2%.
American Cannabis MSOs Portfolio Reversed Direction Last Week
Article By:
Lorimer Wilson
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Sunday, May 19, 2024 4:45 PM EDT
This article highlights how each constituent in the Portfolio fared last week and MTD along with their reported Q1 profit or loss and their Q1 adjusted EBITDA as a percentage of quarterly revenue for comparison purposes:
The Media Are Going Nuts On Tariffs, Why Are They Fine With Government-Granted Patent Monopolies?
Article By:
Dean Baker
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Sunday, May 19, 2024 9:00 AM EDT
There have been numerous pieces in major media outlets in recent days on the death of free trade which have been centered on the Biden administration’s use of tariffs to protect the U.S. market from Chinese EVs, solar batteries, and other products.
In this article: UDN
Zoom Stock: Pandemic Darling Faces A Bleak Future
Article By:
Invezz
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Sunday, May 19, 2024 6:52 AM EDT
Zoom Communications stock price has gone through a prolonged turbulence in the past few years. After surging to $588 during the pandemic, it has dropped to $64, bringing its market cap to $19 billion from a peak of $182 billion.
In this article: ZM
3 Stocks To Buy Following Positive Earnings Results
Article By:
Derek Lewis
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Thursday, May 16, 2024 11:20 PM EDT
Total earnings for the S&P 500 members that have reported Q1 results are up +4.8% from the same period last year on +4.1% higher revenues. The earnings growth pace reflects an acceleration relative to other periods
Retail Sales Fall Flat, Are Consumers About To Throw In The Towel?
Article By:
Mish Shedlock
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Thursday, May 16, 2024 8:47 AM EDT
Caution. Every time I suggest consumers may throw in the towel, it hasn’t happened. Counter caution, real (inflation-adjusted) spending is negative year-over year for 12 out of the last 17 months.
Walmart: Blowout Quarter, DE: Agricultural Weakness
Article By:
Greg Feirman
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Thursday, May 16, 2024 8:27 AM EDT
Walmart just reported a blowout quarter. As you can see in the slide above, they now say full year revenue, adjusted operating income and EPS will all come in at the high end or above the guidance they gave just three months ago.
Thoughts For Thursday: New Highs Are Here
Article By:
David Marshall
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Thursday, May 16, 2024 5:09 AM EDT
New highs are here. The stock market interpreted the "positive" CPI data as a sign for lower interest rates down the line and the market took, off global unrest seemingly of no concern to investors.
Tyson Foods CEO Unsure When Nation's Collapsing Beef Herd Will Reverse
Article By:
Tyler Durden
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Thursday, May 16, 2024 1:45 AM EDT
Tyson Foods CEO Donnie King spoke at the BMO Global Farm to Market Conference in Toronto on Wednesday, expressing much uncertainty about when US ranchers will rebuild tight cattle herds meaningfully.
In this article: TSN