Good morning, traders. Happy Thursday, the market is trying to climb up after falling back. The Nasdaq and tech stocks were still in correction territory from their heights in the lush days of July. My name is Kevin Travers, here are moovin' stonks. Eli Lilly$Eli Lilly and Co (LLY.US)$posted a Q2 earnings beat, boosted by demand for the company's Mounjaro diabetes treatment and weight-loss drug Zepbound. The stock climbed 8%, and ...
The Fed is in a lose-lose situation: 1. If the Fed cuts rates aggressively right now, markets tank further and they risk a resurgence of inflation. Cutting US rates will only make the Yen carry trade unwinding WORSE, likely sending the Nasdaq into bear market territory. 2. If the Fed doesn't cut rates right now, recession fears will continue to mount. No rate cuts means more worry about rising unemployment which is now at a 3-year high. The Fed must pick between market and inflation instabi...
Yesterday the market bounced, but the rally attempt was not impressive. The popular averages closed in the middle of the day's range on lower volume. The Russell 2000 was the strongest closing up +1.23%. The "rally" looked more like a dead cat bounce than a strong start to a new sustainable up leg. Given the size and speed of the decline over the last few days, there is undoubtedly some trapped supply out there. At the very least, we are likely to experience more volatility, something I avoid li...
US Consumer Spending Slows $Disney (DIS.US)$reported better-than-expected earnings and revenue for the June quarter on Wednesday, with its streaming service turning a profit for the first time. The company also raised its full-year profit guidance. Despite positive results, shares fell over 4% due to ongoing concerns about its theme park business. Revenue from U.S. and Canadian parks dropped 6% year-over-year to $1.35 billion, while internatio...
7
2
Report
10baggerbamm
:
McDonald's missed dominos missed chipotle guided lower moments ago Papa John's Pizza missed. busier consumer staples how much lower can people trade down than McDonald's?
Bolstered by increased investments in data centers and the semiconductor industry, the$FTSE Bursa Malaysia KLCI Index (.KLSE.GI)$reached new heights in July. While recent global market volatility has prompted a pullback, the index has still posted an impressive 9.4% gain for the year (as of August 7th). This robust performance outshines most major Asia-Pacific indexes, trailing only slightly behind India...
Eli Lilly $Eli Lilly and Co (LLY.US)$ posted a Q2 earnings beat, boosted by demand for the company's Mounjaro diabetes treatment and weight-loss drug Zepbound. The stock climbed 8%, and ...
1. If the Fed cuts rates aggressively right now, markets tank further and they risk a resurgence of inflation.
Cutting US rates will only make the Yen carry trade unwinding WORSE, likely sending the Nasdaq into bear market territory.
2. If the Fed doesn't cut rates right now, recession fears will continue to mount.
No rate cuts means more worry about rising unemployment which is now at a 3-year high.
The Fed must pick between market and inflation instabi...
Given the size and speed of the decline over the last few days, there is undoubtedly some trapped supply out there. At the very least, we are likely to experience more volatility, something I avoid li...
$Disney (DIS.US)$ reported better-than-expected earnings and revenue for the June quarter on Wednesday, with its streaming service turning a profit for the first time. The company also raised its full-year profit guidance. Despite positive results, shares fell over 4% due to ongoing concerns about its theme park business.
Revenue from U.S. and Canadian parks dropped 6% year-over-year to $1.35 billion, while internatio...
No comment yet