Analyst news

• Stock-market breadth may have already peaked with investors ‘sniffing out economic weakness’

  08-07-2024 22:22 via rocketnews.com
  The divergence between winning stocks and the rest of the market may reflect market participants “sniffing out economic weakness that will overpower the implied rate cuts,” says a top technical analyst.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe divergence between winning stocks and the rest of the market may reflect market participants “sniffing out economic weakness that will overpower the
  
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• Money is the ‘tip of the iceberg’ in assessing big donors’ political influence, study finds

  08-07-2024 22:13 via rocketnews.com
  Money isn’t everything when it comes to the top political donors, according to a recent working paper circulated by the National Bureau of Economic Research and co-authored by researchers from Cornell University and Sapienza University of Rome.
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  [mwai_chat context=”Let’s have a discussion about this article:nnMoney isn’t everything when it comes to the top political donors, according to a recent working paper circulated by
  
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• The stock market’s breadth may have already peaked. Here’s why a 20% drawdown could follow.

  08-07-2024 19:45 via rocketnews.com
  A few large-cap tech companies continue to drive up the S&P 500, and one strategist believes a significant drawdown for U.S. stocks could be on the way.
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  [mwai_chat context=”Let’s have a discussion about this article:nnA few large-cap tech companies continue to drive up the S&P 500, and one strategist believes a significant drawdown for U.S. stocks could be on the way.nnDiscussion:nn” ai_name=”RocketNews AI: ”
  
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• Biden slams Trump for proposing ‘national sales tax’ as he fights for political future

  08-07-2024 19:12 via rocketnews.com
  Biden labeled Trump’s plan to institute a universal 10% tariff on imported goods to the U.S. a “national sales tax,” that would cost Americans $2,500 per year.
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  [mwai_chat context=”Let’s have a discussion about this article:nnBiden labeled Trump’s plan to institute a universal 10% tariff on imported goods to the U.S. a “national sales tax,” that would cost Americans $2,500 per year.nnDiscussion:nn&rd
  
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• 10-for-1 #AVGO Stock Split

  08-07-2024 17:30 via litefinance.org
  
  Dear Clients,We inform you about upcoming changes in the parameters of the #AVGO trading instrument in connection with the split of Broadcom Inc. shares.Broadcom Inc.'s Board of Directors has approved a 10-for-1 stock split of #AVGO, scheduled for July 12, 2024, after the close of trading seccion.Therefore, the price of #AVGO shares at the time of the split will be reduced by ten times in proportion to the split.If you have open positions on #AVGO, please consider the following: The volume of po
  
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• Oil prices move lower as Israel-Hamas cease-fire talks ease supply worries

  08-07-2024 16:36 via rocketnews.com
  Oil futures moved lower Monday, slipping after Hamas over the weekend gave its initial approval of a U.S.-backed proposal for a phased cease-fire deal with Israel in Gaza.
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  [mwai_chat context=”Let’s have a discussion about this article:nnOil futures moved lower Monday, slipping after Hamas over the weekend gave its initial approval of a U.S.-backed proposal for a phased cease-fire deal with Israel in Gaza.nnDiscussion:nn” ai_name
  
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• HilleVax’s stock craters after biotech says it’s scrapping a norovirus vaccine for infants after a failed trial

  08-07-2024 14:56 via rocketnews.com
  HilleVax Inc.’s stock cratered 89% early Monday, after the biotech said it would discontinue development of a vaccine against norovirus for infants after a trial missed its main goals.
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  [mwai_chat context=”Let’s have a discussion about this article:nnHilleVax Inc.’s stock cratered 89% early Monday, after the biotech said it would discontinue development of a vaccine against norovirus for infants after a trial missed its mai
  
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• Franc May Face Gloomy Future. Forecast as of 08.07.2024

  08-07-2024 12:49 via litefinance.org
  
  Decreasing political risks in Europe and growing interest in French assets deprive the franc of important growth drivers. Together with the SNB's reluctance to intervene in the Forex market, these factors make the EURCHF bearish positions vulnerable. Let's discuss these topics and make a trading plan.Highlights and key points The French political drama has come to an end. The franc was benefiting from the political turbulence. Now EURCHF bears are suffering. SNB may bring the pair to parity by c
  
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• Short-term Analysis for Oil, Gold, and EURUSD for 08.07.2024

  08-07-2024 10:38 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.The oil price is trading in a downward correction with the target at the support (A).Highlights and key pointsUSCrude: Oil is correcting downward with the target at the support (A). Consider long trades from this zone with the target at the July 5 high. XAUUS
  
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• Carlsberg agrees $4.2 billion Britvic deal after third approach

  08-07-2024 09:45 via rocketnews.com
  The third time looks to be a charm for Carlsberg, which announced Monday that it has agreed to take over Britvic in a deal valuing the U.K. drinks giant at £3.3 billion ($4.2 billion).
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe third time looks to be a charm for Carlsberg, which announced Monday that it has agreed to take over Britvic in a deal valuing the U.K. drinks giant at £3.3 billion ($4.2 b
  
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• French stocks and bonds slip after deadlocked election

  08-07-2024 09:24 via rocketnews.com
  French stocks and bonds slipped on Monday after voters surprisingly rejected a far-right party that led in the first round of voting as the eurozone’s second-largest economy looked set for possibly months of protracted negotiations for control of the country’s legislature.
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  [mwai_chat context=”Let’s have a discussion about this article:nnFrench stocks and bonds slipped on Monday after voters surprisingly rejected a far-righ
  
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• Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 08.07.2024

  08-07-2024 08:58 via litefinance.org
  
  Dear readers,I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.Key takeaways BTCUSD: Downward movement in impulse [C]. Consider selling from the current level with Take Profit at 52,391.91. XRPUSD: The price continues dropping in a descending wave C, presumably to 0.348. Consider selling from the current level with Take Profit at 0.348. ETHUSD: Formation of bearish impulse (C). Consider short positions with Take Profit at 2,806.27.
  
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• Euro Closes Gap. Forecast as of 08.07.2024

  08-07-2024 08:39 via litefinance.org
  
  The New Popular Front and Renaissance managed to keep the right-wing out of power, and Macron's party looked better than in the first round. The EURUSD pair faced a roller coaster ride. Meanwhile, the market turned its focus to the US data. Let's discuss this topic and make a trading plan.Highlights and key points The French election results left a gap in the EURUSD pair. The gap was quickly closed as the market digested the data. The labor market signaled a cooling of the US economy. Whether th
  
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• PBOC to conduct temporary repo, reverse repo operations

  08-07-2024 03:11 via rocketnews.com
  China’s central bank has said that it will conduct temporary open market operations in the afternoon, on top of its traditional morning operations, in a bid to improve their effectiveness.
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  [mwai_chat context=”Let’s have a discussion about this article:nnChina’s central bank has said that it will conduct temporary open market operations in the afternoon, on top of its traditional morning operations, in a bid to improve thei
  
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• Paramount moves closer to finalizing merger with Skydance: reports

  08-07-2024 01:36 via rocketnews.com
  The end of Paramount Global’s long and windy road to a sale appeared at hand Sunday, with multiple reports that a special committee had approved Skydance Media’s buyout bid.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe end of Paramount Global’s long and windy road to a sale appeared at hand Sunday, with multiple reports that a special committee had approved Skydance Media’s buyout bid.nn
  
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