Analyst news

• Two more luxury-fashion players could join forces — with the backing of Amazon, report says

  03-07-2024 23:01 via rocketnews.com
  Upscale fashion retail chains Saks Fifth Avenue and Neiman Marcus could soon join forces and get a financial boost from Amazon.com Inc., according to a report on Wednesday, as luxury brands consolidate amid a slump in demand.
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  [mwai_chat context=”Let’s have a discussion about this article:nnUpscale fashion retail chains Saks Fifth Avenue and Neiman Marcus could soon join forces and get a financial boost from Amazon.com Inc., according
  
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• EXCLUSIVE: Famed NYC restaurant Serendipity 3 is opening a Times Square location

  03-07-2024 22:53 via rocketnews.com
  EXCLUSIVE: The privately owned business, a celebrity magnet that’s beloved for its frozen hot chocolate, joins such national brands as Hershey’s and Hard Rock Cafe in the tourist-centric locale
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  [mwai_chat context=”Let’s have a discussion about this article:nnEXCLUSIVE: The privately owned business, a celebrity magnet that’s beloved for its frozen hot chocolate, joins such national brands as Hershey’s and Hard R
  
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• Should you get travel insurance? Why it might be a smart buy after Hurricane Beryl — with one caveat

  03-07-2024 22:07 via rocketnews.com
  As Hurricane Beryl churns through the Caribbean, its strength so early in the hurricane season — and the summer travel season — is a reminder of the value of travel insurance, experts say.
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  [mwai_chat context=”Let’s have a discussion about this article:nnAs Hurricane Beryl churns through the Caribbean, its strength so early in the hurricane season — and the summer travel season — is a reminder of the value of tr
  
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• Oil prices end higher on light trading volume as supply drops more than expected

  03-07-2024 21:24 via rocketnews.com
  Oil prices settled higher Wednesday, on light trading volume ahead of the Independence Day holiday, after official U.S. data revealed a drop of more than 12 million barrels in crude inventories and a weekly rise in implied gasoline demand.
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  [mwai_chat context=”Let’s have a discussion about this article:nnOil prices settled higher Wednesday, on light trading volume ahead of the Independence Day holiday, after official U.S. data revealed
  
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• 2-year Treasury yield ends at almost three-week low after ISM data offers signs of waning U.S. growth

  03-07-2024 20:39 via rocketnews.com
  Treasury yields finished lower on Wednesday for a second straight session after the Institute for Supply Management’s index of services businesses produced its lowest reading since the height of the pandemic in May 2020.
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  [mwai_chat context=”Let’s have a discussion about this article:nnTreasury yields finished lower on Wednesday for a second straight session after the Institute for Supply Management’s index of ser
  
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• Is your active mutual fund beating the U.S. stock market this year?

  03-07-2024 20:15 via rocketnews.com
  Professional stock pickers who run mutual funds focused on U.S. stocks struggled in June, with only a small majority beating their benchmarks in the first half of this year, according to BofA Global Research.
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  [mwai_chat context=”Let’s have a discussion about this article:nnProfessional stock pickers who run mutual funds focused on U.S. stocks struggled in June, with only a small majority beating their benchmarks in the first half of t
  
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• Gold prices settle at 1-month high as silver jumps 4%

  03-07-2024 19:56 via rocketnews.com
  Gold futures posted their highest settlement in about a month on Wednesday, while silver prices climbed by 4%, with both precious metals supported by weakness in the U.S. dollar and bond yields following the release of downbeat economic data.
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  [mwai_chat context=”Let’s have a discussion about this article:nnGold futures posted their highest settlement in about a month on Wednesday, while silver prices climbed by 4%, with both precious
  
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• In 99% of the U.S., homes became less affordable this year. Here are the 7 places where they didn’t.

  03-07-2024 19:05 via rocketnews.com
  Housing prices have hit a new high, making it tougher for prospective buyers to afford a home in most places in the U.S., Attom Data Solutions said in a new report.
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  [mwai_chat context=”Let’s have a discussion about this article:nnHousing prices have hit a new high, making it tougher for prospective buyers to afford a home in most places in the U.S., Attom Data Solutions said in a new report.nnDiscussion:nn” ai_name=”Rocket
  
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• Evening Star Pattern - What Is It and How to Trade

  03-07-2024 17:56 via litefinance.org
  
  The Evening star pattern is the opposite of the Morning star candlestick pattern. The Japanese "Evening star" pattern signals that a bullish market cycle nears its end, and an uptrend will reverse.When trading in financial markets, you must have seen a combination of three candlesticks at local or new price maximums: a long bullish candle, a small red or green candle, and a large red candle. That's the Evening Star candlestick pattern.Have you ever wondered why a trading asset's price rever
  
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• Betting markets give Harris better chance of being Democratic nominee than Biden

  03-07-2024 17:54 via rocketnews.com
  Vice President Kamala Harris on Wednesday moved ahead of President Joe Biden in some betting markets as to who would be the candidate to take on former President Donald Trump in the presidential election.
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  [mwai_chat context=”Let’s have a discussion about this article:nnVice President Kamala Harris on Wednesday moved ahead of President Joe Biden in some betting markets as to who would be the candidate to take on former President Donald
  
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• Wall Street’s most bearish strategist is leaving JPMorgan. Here’s a look at his market calls.

  03-07-2024 17:34 via rocketnews.com
  Chief market strategist Marko Kolanovic is departing JPMorgan Chase & Co. following a 19-year stretch with the bank, according to a source from within the investment bank who shared details from two internal memos with MarketWatch on Wednesday.
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  [mwai_chat context=”Let’s have a discussion about this article:nnChief market strategist Marko Kolanovic is departing JPMorgan Chase & Co. following a 19-year stretch with the bank, acc
  
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• Treasury yields extend declines after ISM data provides signs of waning U.S. growth

  03-07-2024 17:27 via rocketnews.com
  Treasury yields extended declines seen earlier on Wednesday after the  Institute for Supply Management’s index of services businesses produced its lowest reading since the height of the pandemic in May 2020.
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  [mwai_chat context=”Let’s have a discussion about this article:nnTreasury yields extended declines seen earlier on Wednesday after the  Institute for Supply Management’s index of services businesses produced
  
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• U.S. oil prices fall on lighter trading volume, even as supply drops more than expected

  03-07-2024 17:22 via rocketnews.com
  U.S. oil prices failed to find much support from official U.S. data revealing a drop of more than 12 million barrels in crude inventories and a weekly rise in implied gasoline demand, with many traders out for the upcoming Independence Day holiday.
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  [mwai_chat context=”Let’s have a discussion about this article:nnU.S. oil prices failed to find much support from official U.S. data revealing a drop of more than 12 million barrels in crud
  
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• Businesses show biggest contraction since pandemic, ISM finds. The economy may be weakening.

  03-07-2024 16:46 via rocketnews.com
  Service-oriented companies such as hotels, banks and retailers that dominate the economy contracted in June for the second time in three months in another sign growth in the U.S. is slowing.
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  [mwai_chat context=”Let’s have a discussion about this article:nnService-oriented companies such as hotels, banks and retailers that dominate the economy contracted in June for the second time in three months in another sign growth in the U.S. is
  
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• Piercing Candlestick Pattern - What Is It and How To Use It

  03-07-2024 16:16 via litefinance.org
  
  A "Piercing" pattern received its name due to the principle of its construction on the price chart. This Japanese candlestick pattern belongs to reversal patterns and significantly influences an asset's price movement.Why is the candlestick pattern rarely found on the chart? What are the peculiarities of the construction of this pattern? You have probably seen this pattern on the chart but did not devote much attention to it because it is similar to others.The "Piercing" pattern has some si
  
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• ADP says 150,000 private-sector jobs created in June, smallest gain in five months

  03-07-2024 14:29 via rocketnews.com
  U.S. businesses add a modest 150,000 new jobs in June, paycheck company ADP said, to mark the smallest increase in five months, possibly another sign the labor market is cooling.
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  [mwai_chat context=”Let’s have a discussion about this article:nnU.S. businesses add a modest 150,000 new jobs in June, paycheck company ADP said, to mark the smallest increase in five months, possibly another sign the labor market is cooling.nnDiscussion:nn&
  
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• Nvidia is starting to act like its own asset class

  03-07-2024 14:16 via rocketnews.com
  Shares of Nvidia Corp. are growing increasingly disconnected from the average stock in the S&P 500, prompting one analyst to quip that the chip designer is starting to behave like its own asset class.
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  [mwai_chat context=”Let’s have a discussion about this article:nnShares of Nvidia Corp. are growing increasingly disconnected from the average stock in the S&P 500, prompting one analyst to quip that the chip designer is starting
  
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• Aussie to Get Fresh Start. Forecast as of 03.07.2024

  03-07-2024 13:09 via litefinance.org
  
  The Reserve Bank of Australia has been increasing its interest rate too slowly. Inflation remains stubborn and does not slow down. It may be necessary to tighten the monetary policy again. Let's discuss this topic and make a trading plan for AUDUSD.Weekly Australian dollar fundamental forecastDuring the recent weeks, it was recommended to buy the Australian dollar. However, the AUDUSD pair is trapped in a narrow trading range of 0.662-0.669. The aussie still has some trump cards, and bulls are w
  
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• Biden offers latest debate excuse as Harris pulls level in one betting market

  03-07-2024 10:47 via rocketnews.com
  President Joe Biden offered a new excuse on Tuesday for his poor debate performance as Vice President Kamala Harris drew level in one betting market as to who would be the candidate to fight former President Donald Trump in the presidential election.
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  [mwai_chat context=”Let’s have a discussion about this article:nnPresident Joe Biden offered a new excuse on Tuesday for his poor debate performance as Vice President Kamala Harris drew l
  
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• Short-term Analysis for Oil, Gold, and EURUSD for 03.07.2024

  03-07-2024 10:00 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.Yesterday, the euro reached the first bearish target.Oil price forecast for today: USCrude analysisYesterday, oil broke through the Target Zone 82.34 - 81.44. The next target within the short-term uptrend is the Gold Zone 84.75 - 84.45. In this connection, co
  
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• Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 03.07.2024

  03-07-2024 09:03 via litefinance.org
  
  Dear readers,I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.Elliott Wave analysis for BitcoinThe complex corrective wave [4] presumably continues developing as a triple three pattern (W)-(X)-(Y)-(XX)-(Z). Its four parts have been fully completed. The actionary wave (Z) may be developing at the moment and is likely to end as a triple zigzag W-X-Y-XX-Z at the low of 56,457.74, marked by wave (Y). Trading plan for BTCUSD for today:Sell
  
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• US Dollar Soars on Fed Fears. Forecast as of 03.07.2024

  03-07-2024 08:21 via litefinance.org
  
  Politics may become one of the reasons for a federal funds rate cut in September. Donald Trump is steadily moving towards the US President's chair, and the Fed may want to set up some roadblocks on his way. Let's discuss this topic and make a trading plan for EURUSD.Weekly US dollar fundamental forecastJerome Powell did not surprise anyone in Sintra, Portugal, by saying that a strong US economy gives the Fed time, but markets viewed his rhetoric as dovish. This led to a decline in Treasury bond
  
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• Vroom agrees to $1 million FTC settlement for allegedly deceiving consumers

  03-07-2024 01:16 via rocketnews.com
  The FTC said it took action against Vroom for misrepresenting that it thoroughly examined all vehicles before they were listed for sale, getting customer consent for shipment delays and for failing to provide prompt refunds when cars weren’t delivered on time.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe FTC said it took action against Vroom for misrepresenting that it thoroughly examined all vehicles bef
  
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• Trump Media brings in over $105 million from ‘DJT’ stock warrants

  03-07-2024 00:58 via rocketnews.com
  Trump Media & Technology Group Corp. said that the cash exercise of stock warrants between June 20 and July 1 has resulted in more than $105 million in cumulative proceeds for the company.
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  [mwai_chat context=”Let’s have a discussion about this article:nnTrump Media & Technology Group Corp. said that the cash exercise of stock warrants between June 20 and July 1 has resulted in more than $105 million in cumulative proceeds for
  
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