American Express gets uncommon downgrade from BofA Securities. AXP stock loses 3.7% on Wednesday despite index gains. BofA says that AXP is overvalued based on recent meager growth. Investors are excited about Fed Minutes and Jackson Hole Symposium this week. American Express (AXP) stock was the lowest performing member of the Dow Jones Industrial […]
Ford Motor Company is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobiles and commercial vehicles under the Ford brand, and luxury cars under its Lincoln luxury brand. FORD (F) daily chart August 2023 One year ago, we called that Ford (F) needed more downside as price action stays […]
The Dow Jones Industrial Average rose over 150 points in Monday bid. Equities continue to recover ground as market sentiment climbs. Previous recession fears have eased following upbeat US data. The Dow Jones Industrial Average (DJIA) climbed over 200 points on Monday after US market indexes broadly gained ground. Investors have rediscovered their risk appetite after […]
The NASDAQ 100 (NDX), SP500 (SPX), and major tech stocks like Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Alphabet (GOOGL), and Bitcoin (BTC) are firmly in a bullish cycle, currently in wave (1) of 5. As markets progress through wave (1), we’ve surpassed the midpoint, reaching wave […]
Dow Jones climbs 100 points on Friday
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Dow Jones chalked in further gains on Friday as investors sentiment climbs. Equities are on pace for one of their best weeks of the year. Consumer sentiment indicators ticked higher on Friday. The Dow Jones Industrial Average (DJIA) notched in 100 points on the high side on Friday after kicking the day off on the […]
Key points Buffett’s Portfolio Shifts Under the Microscope: Warren Buffett’s Berkshire Hathaway has filed its latest 13F filing. This has once again captured the attention of investors worldwide, offering a glimpse into the Oracle of Omaha’s latest strategic decisions and market outlook. Strategic Diversification: Buffett’s new investments in Heico Corporation and Ulta Beauty signal a […]
The Dow Jones shed 400 points in the midweek market session. Investors balked after US PMIs came in firmly mixed. US Manufacturing set to slow further, but Services PMIs expanded. The Dow Jones Industrial Average (DJIA) fell over 400 points on Wednesday after US Purchasing Managers Index (PMI) figures came in broadly mixed, entirely reversing […]
The Dow Jones failed to make meaningful headway on Tuesday. A trio of US data prints loom overhead throughout the week’s back half. With hopes of a September rate cut pinned, traders will be hoping for easing data. The Dow Jones Industrial Average (DJIA) went nowhere fast on Tuesday, sticking close to the day’s opening […]
Wild opex and three black crows
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Ever since Wednesday, Nasdaq found no respite with very few S&P 500 sectors providing refuge. Even Russell 2000 – one of my key picks for clients after CPI – started to undergo a healthy correction off very overbought levels. The fundamental backdrop of rates going lower and USD to ultimately follow suit too, has not […]
Dow Jones gains 1.7% in a single day as rate cut hopes surge. Easing US Retail Sales data reignited market bets of a September rate cut. Dow Jones sets a new record high for a second day in a row. The Dow Jones Industrial Average (DJIA) surged to a second record-setting day in a row, […]
QuantumScape stock rises another 17% on Friday, following Thursday’s 30% run. Wall Street cheers on battery maker, loves capital-light strategy. NASDAQ, S&P 500 advance further after June CPI falls. Volkswagen could end up producing QuantumScape batteries for as many as 1 million vehicles annually. QuantumScape (QS) stock is refusing to fade on Friday after its 30% Thursday […]
Dow Jones struggles to shrug off early Fed-fueled declines. Fed comments came in more hawkish than expected, rattling investor sentiment. The long wait to Fed rate cuts continues as US inflation data looms ahead. The Dow Jones Industrial Average (DJIA) tumbled in early Tuesday trading after Federal Reserve (Fed) Chairman Jerome Powell delivered less-dovish-than-expected talking […]
