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Softs Report - Monday, May 20
Article By: Jack Scoville
Monday, May 20, 2024 1:12 PM EDT
Cotton was lower but spent most of the week consolidating recent losses amid improved weekly export sales and ideas that the market was oversold.
In this article: CANE
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FTSE - HSBC Upgrades UK Plc To Overweight
Article By: Patrick Munnelly
Monday, May 20, 2024 1:08 PM EDT
The FTSE 100 was hugging the flatline into the close down 0.04%% on Monday, coming close to it's all-time high reached on Wednesday.
In this article: EWU
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Tech Surge Boosts Nasdaq To Record Highs
Article By: Schaeffers Research
Monday, May 20, 2024 1:05 PM EDT
The Nasdaq Composite Index is up triple digits and marking new record highs, thanks to rising tech stocks.
In this article: DYN, QQQ, NVDA, SPX, VIX, DJI, LI, HIMS
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A $50B AI Drug Discovery Revolution Has Begun - Here Are 6 Stocks To Consider Investing In
Article By: Lorimer Wilson
Monday, May 20, 2024 12:30 PM EDT
The drug development process is very expensive and time-consuming which creates a huge shortage in drug candidates and programs but the advent of AI can significantly shorten and cheapen this process and this is already happening.
In this article: ABCL, RXRX, EXAI, ABSI
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Analytical Overview Of The Main Currency Pairs - Monday, May 20
Article By: JustMarkets
Monday, May 20, 2024 10:50 AM EDT
From the technical point of view, the medium-term trend on the currency pair USD/JPY is bearish.
In this article: FXE, FXB, FXY, UUP, XAU
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Fed Speak Takes Center Stage In Data Light US Session
Video By: LMAX Group
Monday, May 20, 2024 10:40 AM EDT
Investors have been feeling better about a more investor friendly Fed monetary policy path in the aftermath of the latest round of US data.
Watch
Stocks To Record High Due To Inflation Cooled More Than Expected
Article By: Fullerton Markets
Monday, May 20, 2024 10:30 AM EDT
Inflation cooled more than expected for the first time this year, boosting stocks to record highs, with the S&P 500 achieving this in just 48 days compared to 746 days previously.
In this article: BRK-B, WMT, CSCO
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Gold Analysis: Expect Stronger Gains
Article By: Mahmoud Abdallah
Monday, May 20, 2024 10:20 AM EDT
Gold futures are approaching record highs again as gold prices rise despite a steady US dollar and rising Treasury yields.
In this article: GLD
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USD/CAD Edges Up On Heightened Geopolitical Risks
Article By: FXStreet
Monday, May 20, 2024 10:10 AM EDT
USD/CAD rises on Monday as geopolitical tensions drive safe-haven demand to the Greenback.
In this article: FXC, UUP
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A Dozen Reasons To Stay Bullish
Article By: Macro-Ops
Monday, May 20, 2024 10:00 AM EDT
Longer shipping routes caused by disruption effectively mean less tonnage available to ship things. This means rising costs to ship goods, which means more profits to shippers, and greater demand for ships.
In this article: XLU, NDX, SPX, BOAT
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The “Good News” On Inflation
Article By: Joseph Calhoun
Monday, May 20, 2024 9:50 AM EDT
Bonds and stocks rallied last week on the back of two pretty good inflation reports
In this article: UUP
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Do You Have Your Eye On Vision Care Stocks?
Article By: Fred Fuld III
Monday, May 20, 2024 9:30 AM EDT
For investors seeking stable and growing opportunities, eye care stocks are an attractive option.
In this article: ALC, COO, BLCO, RXST, EYE
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SIGNED INTO LAW: Alabama Abolishes Income Taxes On Gold And Silver
Article By: Stefan Gleason
Monday, May 20, 2024 9:24 AM EDT
On May 14, 2024, Alabama Governor Kay Ivey signed a bill that removes all income taxes on capital gains from the sale of gold and silver, enabling the state to take an important step forward in reinforcing sound money principles.
In this article: GLD, UUP, SLVR
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Stocks: Is Short-Term Uncertainty Just A Pause Within An Uptrend?
Article By: Paul Rejczak
Monday, May 20, 2024 9:17 AM EDT
The S&P 500 is likely to continue sideways following last week’s rally.
In this article: NDX, SPX, VIX
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EUR/USD Strengths Amid Uncertainty Over ECB Rate Cuts In July
Article By: Sagar Dua
Monday, May 20, 2024 9:05 AM EDT
EUR/USD remains firm near 1.0900 due to multiple tailwinds. ECB’s Schnabel remains uncertain over the central bank extending rate cuts beyond June.
In this article: FXE, UUP
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Summer Driving Season Is Late This Year- Signal Or Noise?
Article By: Lance Roberts
Monday, May 20, 2024 8:40 AM EDT
Summer driving season, lasting from Memorial Day to Labor Day is fast approaching. Typically, during driving season, U.S. motor gasoline consumption is 400,000 barrels/day above the average for spring and fall.
In this article: OIL, UGA, SPX, DJI
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