Analyst news

• Car sales climb 5.4% and offer fresh proof of strong economy

  01-03-2024 22:51
  The numbers: Sales of new cars and trucks in the U.S. rose 5.4% in February, rebounding from a slow start at the start of the year and offering fresh evidence of the strength of the economy. Automobile sales increased at an annual rate of 15.8 million last month from 15 million in January, according to Ward’s Intelligence. Economists had forecast a 15.4 million annual rate.The figure reflects how many new vehicles would be sold in the entire year if the same number were purchased each mont
  
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• Boeing confirms talks with Spirit AeroSystems as it aims to ‘improve quality’

  01-03-2024 22:43
  Boeing Co. late Friday confirmed talks about buying supplier Spirit AeroSystems Holdings Inc., saying such a move would “further strengthen aviation safety.”Boeing BA, -1.83%said it has been in “preliminary discussions” about making Spirit AeroSystems SPR, +15.31%a part of the company again. Boeing sold assets that became Spirit AeroSystems in 2005.“We believe that the reintegration of Boeing and Spirit AeroSystems’ manufacturing operations would further stren
  
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• AI, software and semiconductor stocks are too popular for their own good

  01-03-2024 20:44
  “Don’t fall into the trap of thinking that every tech company which mentions AI belongs in your portfolio. ”Artificial intelligence is one of the most revolutionary technologies of our time, as I’ve been saying since 2022.  Given Nvidia’s NVDA, +3.73%blowout earnings results last month, it’s worth revisiting the AI trend, review our …
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• These industries would be hit hardest by Trump’s plan for the largest ‘deportation operation in history’

  01-03-2024 20:42
  Former President Donald Trump has placed at the center of his campaign a plan to deport more than 12 million unauthorized immigrants living in the U.S. today. And while many of Trump’s other policy preferences — like a second round of corporate tax cuts — would require congressional approval, Trump and his advisers are adamant that he can institute what he has called “the largest domestic deportation operation in history” using the authorities already available to a
  
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• Caitlin Clark is turning pro. Why she could make more money staying in college one more year.

  01-03-2024 20:41
  Iowa’s Caitlin Clark, one of the biggest stars in college basketball, announced she will enter the WNBA Draft at the end of the season. “While this season is far from over and we have a lot more goals to achieve, it will be my last one at Iowa. I am excited to be entering the 2024 WNBA Draft,” Clark wrote to her social-media followers on Thursday. Clark is just 17 points away from the all-time scoring record in Division I history — men’s or women’s — cur
  
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• Burger King and Wendy’s say they won’t use surge pricing, but analysts say it’s coming

  01-03-2024 20:38
  Don’t be fooled by any claims from restaurant chains that they will not adjust menu prices at various times of day, say industry experts. The reality is that surge — or dynamic — pricing is the future of dining, experts warn. “It’s written on the tablets of fate,” said Steve Zagor, a veteran New York-based restaurant consultant who also lectures about the industry at Columbia University.The issue arose this week when news broke that Wendy’s WEN, -0.41%,t
  
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• Gold futures just closed at new record thanks to weak economic data

  01-03-2024 20:37
  Gold futures settled at their highest on record Friday, as weakness in some U.S. economic data helped pull the dollar and Treasury yields lower, boosting the precious metal’s investment appeal. The “golden rally” witnessed Friday ”isn’t just a flash in the pan, it’s the main course in a feast of market dynamics, seasoned with a dash of uncertainty and a pinch of speculation,” said Adam Koos, president at Libertas Wealth management Group.At the heart of t
  
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• AI is helping people buy up and hoard sought-after sneakers. Adidas says it has a solution.

  01-03-2024 20:34
  AI has become a buzzy topic recently across many industries, but it’s been used by sneakerheads for years in the form of “bots.” These bots help customers quickly purchase sought-after shoes that are released in limited quantities, often to resell them for a profit on the secondary market. They do this, in part, by enabling buyers to create multiple accounts and improve their chances of not only getting a pair of coveted shoes, but getting many pairs.Shoe brands are aware of th
  
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• Boeing purchase of Spirit AeroSystems would not be a ‘near-term fix’ for aerospace giant

  01-03-2024 20:09
  News that Boeing Co. is interested in buying supplier Spirit AeroSystems Holdings Inc. was met with a mix of surprise and skepticism on Wall Street Friday. The Wall Street Journal reported earlier Friday that Boeing was interested in buying Spirit AeroSystems, a supplier that is at the center of several recent quality problems confronting the aerospace and defense company. The report cited people familiar with the talks. Spirit AeroSystems SPR, +14.97%did not immediately return a request for com
  
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• Amid ‘streamflation,’ consumers are spending more on TV streaming than ever

  01-03-2024 20:09
  “Streamflation” has been a hot topic with streaming subscribers recently amid a slew of price hikes by media companies like Walt Disney Co., which raised the price of its Disney+ and Hulu streaming services yet again in August. Yet escalating prices don’t seem to be scaring away consumers; in fact, they’re subscribing, and spending, more than ever. Spending on streaming services in January 2024 spiked more than 70% from 2021, while the share of households paying over $100
  
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• ‘GRANOLAS’ vs. the Magnificent Seven: Which should you dig into now?

  01-03-2024 20:02
  “Does the GRANOLAS’ impressive trailing performance mean the group is a good bet going forward? ”Wall Street loves a good story, as evidenced by the recent focus on a group of stocks called the “GRANOLAS.” These are a group of 11 European stocks that have led Europe’s stock markets higher. They are: GSK GSK, +0.41%, …
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• Haley raises $12 million in February, but ad spending in GOP race drops as Trump’s wins pile up

  01-03-2024 19:54
  Republican presidential hopeful Nikki Haley’s campaign on Friday announced that it raised $12 million in February, saying the haul shows she has “support among hardworking Americans who are tired of Donald Trump’s chaos and division.” That’s down from Haley’s January fundraising total of $16.5 million. The announcement also comes after one major supporter, the Koch network’s Americans for Prosperity organization, said Sunday that it was stopping its spen
  
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• Bountiful pensions and retirements free from worry? The ‘golden age’ of retirement is a lie.

  01-03-2024 18:01
  There was never a “golden age” of retirement in America.Retirees 30 or 40 years ago did not have it better than retirees today. Retirees do not have it so much better in other countries. There is no nirvana of free everything for the over-65s. Anyone who thinks the retirement system is better in Kazakhstan — where 80% of rural homes still have outdoor toilets — should move there and try it.But these retirement myths and fairy tales die hard. And they were on display on Ca
  
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• DWAC discloses new lawsuits seeking to block merger with Trump Media & Technology

  01-03-2024 14:53
  Digital World Acquisition Corp. on Friday again amended its filing with the Securities and Exchange Commission regarding its planned merger with Trump Media and Technology Group, former President Donald Trump’s social-media company. In the new filing, the special-purpose acquisition corporation DWAC, -8.86%,or SPAC, disclosed new lawsuits that seek to block the merger, as well as changes to its bylaws that specify that any complaints brought against it be directed to the U.S. District Cour
  
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• Here’s what a neutral chatbot thinks of Elon Musk’s lawsuit against OpenAI and Sam Altman

  01-03-2024 14:28
  It’s the story of the day — Elon Musk is suing Sam Altman, and OpenAI, for allegedly failing to develop technology for the benefit of humanity. Who better to turn to than a chatbot for an opinion? Obviously, ChatGPT is biased, seeing as it’s produced by OpenAI. More importantly for this author, the version of ChatGPT that allows for file uploads costs money. So we have turned to Google’s Gemini, at least the version from the multi-chatbot service Poe, and uploaded the cas
  
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• New York Community Bancorp ‘is on its own’ to work out accounting mess, says analyst

  01-03-2024 14:19
  New York Community Bancorp Inc. “is on its to own” to figure out its accounting and other issues as it gears up to update its financials in the coming weeks. That’s according to Citigroup analyst Keith Horowitz, after the regional bank disclosed “material weaknesses” in its accounting and other financial-reporting issues — news that sent its stock down 25% early Friday.“We expect more questions on whether NYCB will sell, but we do not see a lot of potent
  
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• Plug Power resolves ‘going-concern’ issue, but stock drops as results underwhelm

  01-03-2024 14:14
  Plug Power Inc. has resolved “going-concern” issues, but its stock was still falling in Friday’s premarket action after the alternative-energy company missed the mark with its annual results.While the company’s fourth-quarter earnings release was scheduled for before Friday’s open, the company filed its 10-K annual report with the Securities and Exchange Commission late Thursday. Annual revenue dropped 27% to $891.3 million, according to the filing, and came in belo
  
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• Regional bank stocks dragged down by NYCB, led by banks with exposure to New York City real estate

  01-03-2024 13:46
  Regional bank stocks were lower across the board early Friday, dragged down by the latest bad news from New York Community Bancorp Inc. that included the disclosure of ”material weaknesses” in its accounting. NYCB NYCB, +5.51%was down 25%, after it announced an immediate leadership shakeup, including a new CEO, after booking a big hit to its profits last year.Thursday’s disclosures marked the latest drama for the Long Island, N.Y.-based bank, which has struggled with its exposu
  
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• Nio, BYD see EV deliveries drop sharply in February

  01-03-2024 13:44
  Shares of Nio Inc. rose Friday, while those of fellow China-based electric vehicle maker Li Auto Inc. fell, after the companies both reported February deliveries that fell from last year and last month. Nio NIO, +5.89%said it delivered 8,132 EVs in February, down 19.1% from the 10,055 vehicles delivered in January, and 33.1% less than the 12,157 vehicles delivered in February 2023.The deliveries in February consisted of 4,765 sport-utility vehicles and 3,367 sedans. Nio’s stock rose 0.9% i
  
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• Oil prices rise after Gaza deaths heighten tensions

  01-03-2024 13:42
  Oil futures rose Friday after a strike by Israeli forces a day earlier was said to have killed more than 100 Palestinians waiting for aid in Gaza. President Joe Biden said the deaths would complicate talks around a cease-fire between Israel and Hamas, according to news reports. Biden had said earlier this week that he had seen prospects for an agreement as early as Monday. Price moves West Texas Intermediate crude CL00, +1.88%for April delivery CL.1, +1.88% CLJ24, +1.88%rose $1.24, or 1.6%, to $
  
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• Most AI, software and semiconductor stocks are a crowded trade right now

  01-03-2024 13:35
  “Don’t fall into the trap of thinking that every tech company which mentions AI belongs in your portfolio. ”Artificial intelligence is one of the most revolutionary technologies of our time, as I’ve been saying since 2022.  Given Nvidia’s NVDA, +1.87%blowout earnings results last month, it’s worth revisiting the AI trend, re …
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• Huge one-day rallies like we’ve seen lately are more common in bear markets

  01-03-2024 13:21
  Huge one-day stock market gains, such as the Nasdaq 100’s 3% rally on Feb. 22, don’t necessarily mean we’re in a bull market. That’s an important reality check on the exuberance with which Wall Street greeted this gain (sparked by Nvidia’s blockbuster earnings). Big daily rallies in fact occur more frequently during a bear market. Consider the chart below, which I constructed by calculating the percentage of Nasdaq 100 index NDXtrading days that occur during a bear
  
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• Kyle Bass, who famously bet against subprime, is now snapping up land in Texas, Florida and other red states

  01-03-2024 13:13
  Hedge fund manager Kyle Bass is seeking to double down on investments in real estate in places including Florida, Texas, and Tennessee in a bid to capitalize on the internal migrations that are seeing Americans leave the U.S.’s most expensive areas in pursuit of more affordable lifestyles.  In an interview with The Investor’s Podcast Network, the Miami born billionaire said he’s seeking to continue buying property in the “pro business, lower cost, lower or no tax jur
  
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• WTI Crude Oil: Elliott wave analysis and forecast for 01.03.24 – 08.03.24

  01-03-2024 13:05 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 75.78 with a target of 84.65 – 88.55.Alternative scenario: breakout and consolidation below the level of 75.78 will allow the asset to continue declining to the levels of 63.67 – 55.00.Analysis: a downside correction presumably continues developing as second wave of larger degree (2) on the daily time frame, with waves A of (2) and B of (2) completed as its parts. Wave С of (2) is developing on the H4 ti
  
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• USDJPY: Elliott wave analysis and forecast for 01.03.24 – 08.03.24

  01-03-2024 12:35 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 149.21 with a target of 152.50 – 155.00. Alternative scenario: breakout and consolidation below the level of 149.21 will allow the pair to continue declining to the levels of 145.90 – 143.29. Analysis: an ascending wave of larger degree C continues forming on the daily chart, with the fifth wave (5) of C unfolding as its part. On the H4 chart, there's wave 1 of (5) formed and a downside correction co
  
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• GBPUSD: Elliott wave analysis and forecast for 01.03.24 – 08.03.24

  01-03-2024 12:05 via litefinance.org
  
  Main scenario: consider short positions from corrections below the level of 1.2699 with a target of 1.2427 – 1.2332.Alternative scenario: breakout and consolidation above the level of 1.2699 will allow the pair to continue rising to the levels of 1.2820 – 1.3000.Analysis: the first wave of larger degree (1) is presumably formed, a correction developed as second wave (2), and the ascending third wave (3) started unfolding on the daily chart. The first wave of smaller degree 1 of (3) i
  
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• How the Biden administration is tackling rising housing costs

  01-03-2024 12:00
  With home prices at an all-time high, the Biden administration is planning to address rising housing costs with a slew of new programs to boost supply, officials announced on Thursday. The White House announced that multiple federal agencies will use government programs to encourage the construction of affordable rental and manufactured housing. That’s on top of the federal government offering nearly $4 million in research grants to explore new ways to boost inventory, including office-to-
  
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• EURUSD: Elliott wave analysis and forecast for 01.03.24 – 08.03.24

  01-03-2024 11:35 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 1.0689 with a target of 1.0977 – 1.1141.Alternative scenario: breakout and consolidation below the level of 1.0689 will allow the pair to continue declining to the levels of 1.0570 – 1.0446.Analysis: a bearish wave of larger degree A is presumably completed on the daily chart. A bullish wave B started unfolding, with the first wave 1 of (A) of B and a corrective second wave 2 of (A) of B formed as its part. Ap
  
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• USDCHF: Elliott wave analysis and forecast for 01.03.24 – 08.03.24

  01-03-2024 11:05 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 0.8775 with a target of 0.9020 – 0.9240. Alternative scenario: breakout and consolidation below the level of 0.8775 will allow the pair to continue declining to the levels of 0.8200 – 0.8050.Analysis: the downside fifth wave of larger degree (5) is presumably unfolding on the daily time frame, with wave 1 of (5) formed as its part. A bullish correction is completed as second wave 2 of (5). The third wave
  
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• EURUSD locked in cage. Forecast as of 01.03.2024

  01-03-2024 10:55 via litefinance.org
  
  The US presidential elections can help the EURUSD bears, but investors have been entirely focused on central banks' policy so far. It is as transparent as possible and leads to consolidation. Let’s discuss it and make a trading plan.Weekly fundamental forecast for euroThe market is an endless battlefield between investors and central banks. When their opinions differ, trends emerge. Conversely, a consensus results in consolidation. The end of 2023 and the start of 2024 have given us a brig
  
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• USDCAD: Elliott wave analysis and forecast for 01.03.24 – 08.03.24

  01-03-2024 10:33 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 1.3445 with a target of 1.3625 – 1.3724. Alternative scenario: breakout and consolidation below the level of 1.3445 will allow the pair to continue declining to the levels of 1.3170 – 1.2977.Analysis: the bullish first wave of larger degree (1) is presumably formed on the daily time frame, with the fifth wave 5 of (1) completed as its part. On the H4 chart, a descending correction continues developing as
  
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• Nigeria Lucky Ticket Draw with monthly prizes launched

  01-03-2024 10:25 via litefinance.org
  
  Dear clients,We are happy to announce the start of a new competition, Lucky Ticket Draw, for traders from Nigeria.The competition runs from 1 March to 3 June 2024. Five money prizes will be raffled on the first work day every contest month:$500 will be raffled at 12:00, 13:00, 14:00, and 15:00; $1,000 will be raffled at 16:00.
  *Lagos time, GMT +1.How to participate in the competition:Deposit at least $300 in one payment and activate the LUCKYNG promo code. Receive a unique Lucky Ticket for each
  
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• MacBook, Console, and TV — Ghana Lucky Ticket Draw started

  01-03-2024 10:15 via litefinance.org
  
  Dear Clients,We are pleased to announce the start of a new Lucky Ticket Draw for traders in Ghana.The competition runs from March 1 to June 3, 2024. On the first working day of every month, we raffle off three valuable prizes:A MacBook Pro is raffled off at 11:00; Sony PlayStation 5 is drawn at 12:00; Samsung 4K Smart TV is drawn at 13:00.
  *The schedule indicates Accra time (GMT + 0).To take part in the draw:Fund your trading account with at least $300 in one transaction and activate the LUCKYGH
  
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• Cash prizes for IB's from Malaysia every month!

  01-03-2024 10:01 via litefinance.org
  
  Dear clients,LiteFinance launches Lucky Ticket contest for its partners in Malaysia with a monthly prize pool of $5000. LiteFinance's partners in Malaysia take part in the contest automatically.Three monthly winners will get:1st prize: $3000; 2nd prize: $1500; 3d prize: $500.
  A participant gets a Lucky Ticket for every $3000 deposited by his referrals. The more Lucky Tickets you get, the more chances you have to become a winner!The winner will be defined randomly by use of a transparent and inte
  
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• Short-term analysis for oil, gold, and EURUSD for 01.03.2024

  01-03-2024 08:52 via litefinance.org
  
  I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.Gold is testing the key resistance of the short-term downtrend.Oil price forecast for today: USCrude analysisThe short-term uptrend continues. The price is now trading in correction. If the correction continues today, expect the price in the support (A) 75.96
  
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• Walmart Stock Forecast for 2024, 2025-2026, and Beyond

  01-03-2024 08:30 via litefinance.org
  
  In the realm of 2024, Walmart, the global retail behemoth, continues to command attention and dominate the retail landscape. Analysts are cautiously optimistic, predicting a modest bullish trend for Walmart's stock. Some foresee a year-end target of $166, while others have bolder projections, aiming for $188 by the close of the year. These forecasts reflect a positive outlook for Walmart's performance in 2024, as the retail giant continues to leverage its formidable presence and adapt to ch
  
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• Trading hours for some instruments to be changed from 10th up to 31st of March 2024

  01-03-2024 08:00 via litefinance.org
  
  Dear clients,We would like to draw your attention to the trading schedule over the upcoming daylight saving time changes in the United States of America on 10th of March 2024 (Sunday) and on 31st of March 2024 (Sunday) in Europe.Please note that trading in all trading assets, except the the IBEX35 index, and the European stocks EURONEXT, LONDON LSE, and XETRA will open and close one hour earlier than usual from 10.03.2024 to 31.03.2024.All information is intended for guidance only and is subject
  
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• Trading hours for some instruments to be changed from 10st up to 31st of March 2024

  01-03-2024 08:00 via litefinance.org
  
  Dear clients,We would like to draw your attention to the trading schedule over the upcoming daylight saving time changes in the United States of America on 10th of March 2024 (Sunday) and on 31st of March 2024 (Sunday) in Europe.Please note that trading in all trading assets, except the the IBEX35 index, and the European stocks EURONEXT, LONDON LSE, and XETRA will open and close one hour earlier than usual from 10.03.2024 to 31.03.2024.All information is intended for guidance only and is subject
  
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• Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 01.03.2024

  01-03-2024 07:47 via litefinance.org
  
  I welcome my readers!I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.Elliott wave Bitcoin analysisThe BTCUSD market is forming a new bullish impulse with the sub-wave [3] developing inside. Wave (1) of [3] is developing, with sub-waves 1-2-3-4 completed inside. The price is rising in sub-wave 5 to a level of 68604.75. Next, the market will be corrected down in su
  
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• What will be the Spot Gold price next week? Gold bulls buy facts

  01-03-2024 07:28 via litefinance.org
  
  A surge in the US inflation in January does not change anything in the Fed's monetary policy. There are still two reports before the FOMC May meeting, and a lot can change. However, gold buyers are full of optimism. Let's talk about this topic and draw up a trading plan.Weekly gold fundamental forecastGold followed Treasury yields rather than the US dollar. The price tested the level of $2,050 per ounce amid the US inflation report for January. Besides, US bond yields initially soared on expecta
  
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• What will be the gold price next week? Gold bulls buy facts

  01-03-2024 07:28 via litefinance.org
  
  A surge in the US inflation in January does not change anything in the Fed's monetary policy. There are still two reports before the FOMC May meeting, and a lot can change. However, gold buyers are full of optimism. Let's talk about this topic and draw up a trading plan.Weekly gold fundamental forecastGold followed Treasury yields rather than the US dollar. The price tested the level of $2,050 per ounce amid the US inflation report for January. Besides, US bond yields initially soared on expecta
  
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• Gold bulls buy facts. Forecast as of 01.03.2024

  01-03-2024 07:28 via litefinance.org
  
  A surge in the US inflation in January does not change anything in the Fed's monetary policy. There are still two reports before the FOMC May meeting, and a lot can change. However, gold buyers are full of optimism. Let's talk about this topic and draw up a trading plan.Weekly gold fundamental forecastGold followed Treasury yields rather than the US dollar. The price tested the level of $2,050 per ounce amid the US inflation report for January. Besides, US bond yields initially soared on expecta
  
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• Congress votes to avert government shutdown

  01-03-2024 02:36
  Congress on Thursday approved a measure to avert a government shutdown, delaying key deadlines and buying themselves more time to finish a bigger funding agreement. Facing an end-of-the-week deadline, the House of Representatives passed a bill to temporarily fund one set of federal agencies through March 8 and another set through March 22.It quickly moved to the Senate, which passed it Thursday evening, on a 77-13 vote. The bill now goes to President Joe Biden to be signed into law ahead of a Sa
  
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• Look out, Super Micro: Dell is cementing itself as an AI play too

  01-03-2024 02:26
  Look out, Super Micro investors, as Dell is starting to cement itself as a major player in artificial intelligence in the computer-server and storage market. On Thursday, Dell Computer Inc. DELL, +1.51%and its quarterly results also overshadowed another rival, Hewlett Packard Enterprise Co. HPE, +2.49%,with bullish comments about AI-related demand that the company is seeing. Dell said that it now expects to return to revenue growth in fiscal 2025, albeit at a low single-digit rate.The company&rs
  
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• New York Community Bank’s stock slides after leadership changes, ‘material weaknesses’ notice

  01-03-2024 02:24
  New York Community Bancorp Inc. on Thursday announced an immediate leadership shakeup, including a new CEO, after the bank booked a big hit to its profits last year, said it had “material weaknesses” in its accounting protocols and disclosed other financial-reporting issues.The disclosures mark the latest drama for the Long Island, N.Y.-based bank, which has struggled with its exposure to an ailing commercial real-estate market. Shares of the company — which operates Flagstar B
  
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• SoundHound’s monster stock rally cools after earnings

  01-03-2024 02:23
  SoundHound AI Inc. had its first big moment in the spotlight Thursday since emerging into broader consciousness as an artificial-intelligence play, but its buzzy stock was taking a tumble.Shares of SoundHound SOUN, +17.03%fell 21% in Thursday’s after-hours action after the company delivered an upbeat outlook for fiscal 2025, which is a year out, but fell short of expectations with its latest results.The company, which offers conversational AI technology, isn’t highly covered on Wall
  
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• Zscaler earnings top expectations, but the cybersecurity stock falls

  01-03-2024 02:22
  Zsacler Inc. topped expectations with its latest results and outlook, but its stock was moving lower in Thursday’s extended session. For the fiscal third quarter, Zscaler ZS, +1.97%expects $534 million to $536 million in revenue along with 64 cents to 65 cents in adjusted earnings per share. The FactSet consensus was for $532 million and 58 cents, respectively. The cybersecurity company posted a fiscal second-quarter net loss of $28.5 million, or 19 cents a share, compared with a loss of $
  
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