Analyst news

• Boeing on the hook for $1 billion a month because of strike, as S&P frets anew

  08-10-2024 23:05 via rocketnews.com
  Boeing’s credit ratings at heightened risk of downgrade to junk as strike puts company’s recovery “at risk,” S&P says.
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• Fed’s Collins sees risk of economy slowing ‘beyond what is needed’

  08-10-2024 23:02 via rocketnews.com
  Boston Fed President Susan Collins said Tuesday that there are risks to the U.S. economy not only from sticky inflation, but also an economic downturn.
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• The Fed’s rate-cutting will give the stock market just what it needs — and wants

  08-10-2024 22:44 via rocketnews.com
  Lower interest rates will create a surge of financial-market liquidity.
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• Hurricane Milton drives gas demand in Florida, with 16% of stations out of fuel

  08-10-2024 20:39 via rocketnews.com
  Hurricane Milton is one of the Atlantic Basin’s strongest storms on record and the frenzy of evacuations in Florida, where it’s expected to make landfall Wednesday evening, has led to shortages at nearly 16% of the gasoline stations in Florida, according to GasBuddy.
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• Microsoft’s stock heads for a ‘death cross’ — but there are bigger chart problems

  08-10-2024 20:35 via rocketnews.com
  A chart of Microsoft’s stock will soon flash a clearly visible bearish signal that’s been in the works for the past couple months — but there are some other, more subtle technical signs that may be even more worrisome for bulls.
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• ‘It’s just almost impossible to do it all’: Here’s how much time and money the sandwich generation is spending on eldercare

  08-10-2024 20:26 via rocketnews.com
  Presidential candidate Kamala Harris says family caregivers need more help.
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• ‘DJT’ stock continues rally after Elon Musk joins Trump onstage in Pennsylvania

  08-10-2024 20:03 via rocketnews.com
  Shares of Trump Media & Technology Group are on pace to extend their winning streak to four days — their longest since a four-day run in June.
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• GDP may get lift after U.S. trade deficit drops to 5-month low

  08-10-2024 19:54 via rocketnews.com
  The U.S. trade deficit sank almost 11% in August because of lower imports of oil and new cars, potentially giving a boost to the official measure of economic growth in the third quarter.
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• Why stock investors shouldn’t worry about 10-year Treasury yield ruining 2024 rally yet

  08-10-2024 19:27 via rocketnews.com
  The benchmark 10-year Treasury yield, which rose further above 4% on Tuesday, is falling short of the levels needed to take the steam out of the 2024 U.S. stock rally.
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• Social Security was only designed to help with 40% of your retirement — but think twice before choosing an annuity

  08-10-2024 19:24 via rocketnews.com
  Guaranteed income can be a tricky concept in retirement planning.
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• Nvidia’s stock is closing in on a record. Why Wall Street sees big beats ahead.

  08-10-2024 19:02 via rocketnews.com
  Analysts say strong demand for the new Blackwell chip lineup positions Nvidia to deliver strong numbers next year.
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• Harris says ‘it’s about dignity’ as she floats plan for in-home care for seniors

  08-10-2024 18:52 via rocketnews.com
  Democratic presidential nominee Kamala Harris on Tuesday proposed a new government benefit, as she remains locked in a tight White House race with GOP rival Donald Trump, who also has been floating new federal aid for voters.
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• Short seller Hindenburg alleges Roblox inflated key metrics, and gaming company hits back

  08-10-2024 18:38 via rocketnews.com
  Roblox Corp. shares are down 3.3% Tuesday after short seller Hindenburg Research alleged that the online gaming company has inflated key metrics.
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• Pfizer’s bondholders cheer news of activist investor Starboard’s $1 billion investment

  08-10-2024 18:01 via rocketnews.com
  Pfizer Inc.’s stock gained Monday after a report that activist investor Starboard Value has invested $1 billion in the drug company. Bondholders seem to like the news too.
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• This London firm is using Middle Eastern oil money to finance the green transition

  08-10-2024 17:14 via rocketnews.com
  The world needs more hydropower to hit its net-zero goals. Here’s how Augusta & Co. is helping to get there.
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• Here’s how economic issues could help Republicans take back the U.S. Senate

  08-10-2024 17:14 via rocketnews.com
  The ouster of the incumbent Democratic senator in Ohio or Montana in November’s election could set the stage for a Republican-run Senate. What are the economic issues that are threatening Sens. Sherrod Brown and Jon Tester, as they face GOP challengers Bernie Moreno and Tim Sheehy?
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• U.S. trade deficit drops to 5-month low and could add to GDP. Exports hit record high.

  08-10-2024 14:39 via rocketnews.com
  The U.S. trade deficit sank almost 11% in August because of lower imports of oil and new cars, potentially giving a boost to the official measure of economic growth in the third quarter.
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• Brent falls below $80 as oil rally pauses, traders await Israeli response to Iranian missile attack

  08-10-2024 14:37 via rocketnews.com
  A rally in oil prices was taking a pause on Tuesday early morning as traders await Israel’s response Iran’s latest round of aggression.
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• OpenAI has been an asset for Microsoft. Now it could mean risk for the stock.

  08-10-2024 14:32 via rocketnews.com
  Oppenheimer downgraded Microsoft’s stock, warning that OpenAI losses could weigh on Microsoft earnings, all while AI revenue might trail expectations.
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• China’s stock-market resurgence hits roadblock on lack of new stimulus measures

  08-10-2024 14:09 via rocketnews.com
  Chinese stocks rallied in the first day back from their long holiday, but disappointment over no further stimulus saw gains pared.
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• Gold Retreats as Hopes for Big Fed Cut Fade. Forecast as of 08.10.2024

  08-10-2024 12:16 via litefinance.org
  
  The availability of inexpensive liquidity from the Fed and other central banks has influenced the perception of gold as an investment vehicle. Previously, gold was purchased as a means of diversifying investment portfolios. The recent rally in the XAUUSD is attracting new investors. Let's discuss this topic and develop a trading plan.Highlights and key points The increase in geopolitical risks put pressure on gold. The precious metal grew due to hopes for the Fed's aggressive move. The return of
  
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• Short-term Analysis for Oil, Gold, and EURUSD for 08.10.2024

  08-10-2024 09:18 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.Oil continued to trade in a short-term uptrend yesterday.Highlights and key pointsUSCrude: oil has reached the Gold Zone 76.97 - 76.67 within the growth. XAUUSD: gold is declining and will likely test the support (A) 2630 - 2625 again. EURUSD: the euro i
  
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• Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 08.10.2024

  08-10-2024 08:43 via litefinance.org
  
  Dear readers,I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.Highlights and key points BTCUSD: the rate is expected to decline in impulse C. Consider short positions from the current level with Take Profit at 50,650.00. XRPUSD: as an ascending correction (B) is presumably unfolding, consider long positions with Take Profit at 0.580. ETHUSD: the price is expected to drop in impulse 5 to the low of 2,144.87. Consider selling f
  
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• US Dollar Sheds Its Ballast. Forecast as of 08.10.2024

  08-10-2024 08:40 via litefinance.org
  
  Expectations of an aggressive 150-200 bp cut in the federal funds rate in the current cycle weighed heavily on EURUSD bears. The US labor market report for September provided a shift in this expectation. Let's discuss this topic and make a trading plan.Highlights and key points The market overestimated the scale of the Fed's monetary expansion. Trade wars and geopolitics may support the US dollar. September inflation in the US will give the euro a chance to grow. A pullback to 1.1-1.102 may crea
  
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• Fed’s Musalem says going slow on interest-rate cuts makes sense

  08-10-2024 01:41 via rocketnews.com
  Cutting interest rates at a gradual pace seems to make sense given where the economy is today, St. Louis Fed President Alberto Musalem said Monday.
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