S&P 500 up 8.0% year-to-date at writing is pretty much as far as it would go in 2023, says John Lynch. He’s the Chief Investment Officer at Comerica Wealth Management. S&P 500 is not out of the woods just yet More alarmingly, Lynch expects the benchmark index to actually trade down in the short term.… Continue reading Comerica’s Lynch expects S&P 500 to retest October lows
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P&G CEO on Q3 earnings: ‘very pleased with where we stand’
Procter & Gamble Co (NYSE: PG) is in the green this morning after reporting market-beating results for its third financial quarter. P&G’s guidance for the future Shareholders are cheering also because the consumer goods company raised its outlook. For the full year, it’s now calling for a 1.0% increase in sales versus flat to down… Continue reading P&G CEO on Q3 earnings: ‘very pleased with where we stand’
C3.ai stock price analysis: on the cusp of a 33% meltdown
C3.ai (NYSE: AI) stock price has lost its bullish momentum as investors assess its role in the artificial intelligence industry. After soaring to the year-to-date high of $34.56 on April 3, the shares have now plunged to about $20. C3.ai is highly overvalued C3.ai share price has done well this year as investors place bets… Continue reading C3.ai stock price analysis: on the cusp of a 33% meltdown
Boohoo share price analysis: where fundamentals meet technicals
UK stocks have done well this year, with the FTSE 100 rising by ~6% this year and by ~18% above the lowest point in 2022. The index is nearing an all-time high of £8,050. Boohoo (LON: BOO) share price has not been left behind in this rebound after rising by 60% this year. Is the… Continue reading Boohoo share price analysis: where fundamentals meet technicals
EUR/USD rate to keep rising despite improvements in core inflation dynamics
One of the most important pieces of economic data from the euro area was released this week. On Wednesday, the Final CPI y/y data showed inflation in the euro area at 6.9%. Luxembourg and Spain registered the smallest increases, of 2.9%, respectively 3.1%. While the 6.9% average for the euro area is way higher than… Continue reading EUR/USD rate to keep rising despite improvements in core inflation dynamics
Quarterly BTC volume hit second highest ever mark in Q1, 2023: Report
Crypto news have in recent weeks concentrated on the market action that saw bitcoin and Ether prices hit new year-to-date highs. And as the cryptocurrencies have swung lower (Bitcoin is currently below $28,700 and Ethereum under $2,000) amid this week’s other headlines, it is likely some of the biggest trends have silently slipped beneath the… Continue reading Quarterly BTC volume hit second highest ever mark in Q1, 2023: Report
EasyJet share price braces for a big rally if this happens
The aviation industry has staged a strong recovery, with many companies reporting higher revenues than before the pandemic. As a result, most airline stocks have jumped sharply from their pandemic lows. EasyJet (LON: EZJ) share price jumped to a high of 527p, the highest point since May last year. It has jumped by over 85%… Continue reading EasyJet share price braces for a big rally if this happens
Elevance Health revenue growth hurt by a $1.8B unrealized loss
Elevance Health (NYSE: ELV), the giant insurance company, had a strong performance in the first quarter as the number of insurance enrolments increased. Its revenue and earnings per share (EPS) were better than estimates. Elevance said that its revenue jumped to $41.9 billion in the first quarter a 10.6% increase from what it made in… Continue reading Elevance Health revenue growth hurt by a $1.8B unrealized loss
Long-term investing: S&P 500 decline now in top 10 over last century
Yesterday, I published a piece looking at the dominance of the US stock market since the Great Financial Crash in 2008. In this 14-year time period, the S&P 500 has steamrolled all before it. Generating a 358% return since 2009, investors who have blindly punted the biggest stock market in the world have enjoyed tremendous… Continue reading Long-term investing: S&P 500 decline now in top 10 over last century