Analyst news

• Nvidia to replace Intel in the Dow, underscoring downfall of an industry titan

  01-11-2024 22:59 via rocketnews.com
  Intel has missed the boat on AI while Nvidia has thrived.
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• This closely watched stock-market indicator hit a 2.5-year high. What it says will happen next.

  01-11-2024 19:54 via rocketnews.com
  Wall Street was growing more bullish in the final weeks before the Nov. 5 presidential election — a contrarian sign that may suggest limited upside for U.S. stocks.
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• Don’t let the stock’s selloff fool you. Nvidia had a great week.

  01-11-2024 19:45 via rocketnews.com
  Big cloud companies aren’t backing down from their AI spending, which bodes well for Nvidia.
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• Hoping for a weight-loss pill? It could be closer to reality next week.

  01-11-2024 16:50 via rocketnews.com
  Viking Therapeutics Inc.’s stock rose 2% Friday as excitement continued to build about data on its oral weight-loss drug the company will present at the upcoming Obesity Week event.
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• Forget betting on Trump vs. Harris. These people are wagering that Costco will raise the price of its $1.50 hot dog–and–soda combo.

  01-11-2024 16:48 via rocketnews.com
  Kalshi, a New York-based exchange platform, is letting traders predict what the future holds for the famed Costco combo.
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• Our son lived in our basement ‘finding himself.’ We give him an allowance — and now he lives off gig work in a studio with his girlfriend. What can we do?

  01-11-2024 16:42 via rocketnews.com
  “He isn’t interested in further formal education.”
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• ISM factory index drops, marking 7th straight month below growth threshold

  01-11-2024 16:42 via rocketnews.com
  The malaise that has loomed over the manufacturing sector for the better part of the past two years seems like it will continue, according to one economist.
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• Charter’s broadband saga may have bottomed. Has its stock done the same?

  01-11-2024 16:41 via rocketnews.com
  Charter shed 110,000 internet customers in the quarter, but a MoffettNathanson analyst thinks the rate of decline has bottomed out.
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• Four reasons the bull market for stocks can continue

  01-11-2024 16:36 via rocketnews.com
  Also: Apple and more Big Tech earnings, bond ETFs and some easy Medicare savings.
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• Exxon Mobil’s profit beat offsets revenue shortfall in first quarter after Pioneer Natural deal

  01-11-2024 16:32 via rocketnews.com
  Exxon Mobil Corp.’s third-quarter earnings on Friday showed a profit beat that offset a revenue miss, while the company boosted its quarterly dividend by 4%.
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• XAUUSD: Elliott wave analysis and forecast for 01.11.24 – 08.11.24

  01-11-2024 14:25 via litefinance.org
  
  Highlights and key points Main scenario: consider short positions from corrections below the level of 2788.71 with a target of 2602.03 – 2468.90. A sell signal: if the price holds below 2788.71. Stop Loss: above 2795.00, Take Profit: 2602.03 – 2468.90. Alternative scenario: breakout and consolidation above the level of 2788.71 will allow the price to continue rising to the levels of 2880.00 – 3000.00. A buy signal: once the level of 2788.71 is broken to the upside. Stop Loss: b
  
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• WTI Crude Oil: Elliott wave analysis and forecast for 01.11.24 – 08.11.24

  01-11-2024 13:55 via litefinance.org
  
  Highlights and key points Main scenario: consider short positions from corrections below the level of 72.42 with a target of 63.50 – 53.60. A sell signal: the price holds below 72.42. Stop Loss: above 73.00, Take Profit: 63.50 – 53.60. Alternative scenario: breakout and consolidation above the level of 72.42 will allow the asset to continue rising to the levels of 78.05 – 83.75. A buy signal: the level of 72.42 is broken to the upside. Stop Loss: below 72.00, Take Profit: 78.05
  
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• The U.S. election need not be scary. History shows this is the way to trade it, says Citi.

  01-11-2024 13:35 via rocketnews.com
  The S&P 500 looks well set for the rest of 2024, but there’s also a way to gain from short-term volatility
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• USDJPY: Elliott wave analysis and forecast for 01.11.24 – 08.11.24

  01-11-2024 13:25 via litefinance.org
  
  Highlights and key points Main scenario: consider short positions from corrections below the level of 153.83 with a target of 138.08 – 131.25. A sell signal: if the price holds below 153.83. Stop Loss: above 154.20, Take Profit: 138.08 – 131.25. Alternative scenario: breakout and consolidation above the level of 153.83 will allow the pair to continue rising to the levels of 156.74 – 161.70. A buy signal: once the level of 153.83 is broken to the upside. Stop Loss: below 153.50,
  
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• Wayfair’s stock soars after earnings beat in the face of ‘sustained challenges’

  01-11-2024 13:24 via rocketnews.com
  Wayfair’s stock shoots up after adjusted profit, revenue and average order value beat forecasts, despite a surprise decline in active customers.
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• Amazon’s cloud growth takes a backseat as this retail reality shines through

  01-11-2024 13:14 via rocketnews.com
  Often cloud growth drives Amazon’s stock movements after earnings, but this time analysts are keying in on overall profit as well as retail momentum for nondiscretionary purchases.
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• Charter Communications’ stock set to rise after earnings beat as company loses fewer internet customers than expected

  01-11-2024 12:59 via rocketnews.com
  Charter lost just 110,000 internet customers in the period, while analysts were expecting a loss of 250,000.
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• GBPUSD: Elliott wave analysis and forecast for 01.11.24 – 08.11.24

  01-11-2024 12:55 via litefinance.org
  
  Highlights and key points Main scenario: consider short positions from corrections below the level of 1.3049 with a target of 1.2240 – 1.1900. A sell signal: the price holds below 1.3049. Stop Loss: above 1.3100, Take Profit: 1.2240 – 1.1900. Alternative scenario: breakout and consolidation above the level of 1.3049 will allow the pair to continue rising to the levels of 1.3440 – 1.3800. A buy signal: once the level of 1.3049 is broken to the upside. Stop Loss: below 1.3000, Ta
  
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• All assets posted negative returns in October apart from gold, silver and oil, Deutsche Bank says

  01-11-2024 12:52 via rocketnews.com
  Markets have just gone through one of the toughest months they’ve experienced in 2024 so far, according to a new analysis by Deutsche Bank. 
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• EURUSD: Elliott wave analysis and forecast for 01.11.24 – 08.11.24

  01-11-2024 12:25 via litefinance.org
  
  Highlights and key points Main scenario: consider long positions from corrections above the level of 1.0763 with a target of 1.0990 – 1.1043. A buy signal: if the price holds above 1.0763. Stop Loss: below 1.0700, Take Profit: 1.0990 – 1.1043. Alternative scenario: breakout and consolidation below the level of 1.0763 will allow the pair to continue declining to the levels of 1.0605 – 1.0400. A sell signal: once the level of 1.0763 is broken to the downside. Stop Loss: above 1.0
  
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• USDCHF: Elliott wave analysis and forecast for 01.11.24 – 08.11.24

  01-11-2024 11:55 via litefinance.org
  
  Highlights and key points Main scenario: consider short positions from corrections below the level of 0.8700 with a target of 0.8200 – 0.8000. A sell signal: if the price holds below 0.8700. Stop Loss: above 0.8750, Take Profit: 0.8200 – 0.8000. Alternative scenario: breakout and consolidation above the level of 0.8700 will allow the pair to continue rising to the levels of 0.9044 – 0.9222. A buy signal: once the level of 0.8700 is broken to the upside. Stop Loss: below 0.8650,
  
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• USDСAD: Elliott wave analysis and forecast for 01.11.24 – 08.11.24

  01-11-2024 11:23 via litefinance.org
  
  Highlights and key points Main scenario: once the correction ends, consider long positions above the level of 1.3623 with a target of 1.4100 – 1.4200. A buy signal: if the price holds above 1.3623. Stop Loss: below 1.3570, Take Profit: 1.4100 – 1.4200. Alternative scenario: breakout and consolidation below the level of 1.3623 will allow the pair to continue declining to the levels of 1.3420 – 1.3205. A sell signal: once the level of 1.3623 is broken to the downside. Stop Loss:
  
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• Real-estate agents on how they handle haunted homes in an already-scary housing market

  01-11-2024 10:45 via rocketnews.com
  This Halloween, real-estate agents reflect on some of the creepiest, spookiest homes they’ve helped buy or sell — or lived in themselves.
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• Loonie Retreats to Shoot Up in 2025. Forecast as of 01.11.2024

  01-11-2024 10:38 via litefinance.org
  
  The Bank of Canada's aggressive rate cuts have positioned the Canadian dollar as an outsider in the Forex market. While this policy has an adverse effect in the short term, the benefits of it will be seen in 2025. How will this affect the USDCAD pair? Let's discuss this topic and make a trading plan.Highlights and key points The BoC intends to bring rates to a neutral level as soon as possible. Markets expect a 50 bps cut in the overnight rate in December. The agreement between the US, Canada, a
  
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• Abbott Labs and Reckitt Benckiser shares surge on court’s baby formula ruling

  01-11-2024 10:37 via rocketnews.com
  A court in St. Louis, Missouri ruled in favor of Abbott Laboratories and Reckitt Benckiser over claims their specialized baby formula caused users to develop a bowel disease called NEC
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• The Great British bond battering continues after budget speech

  01-11-2024 10:28 via rocketnews.com
  U.K. bond yields continued to surge on Friday, as fixed-income investors react in dismay to an increase in issuance.
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• Short-term Analysis for Oil, Gold, and EURUSD for 01.11.2024

  01-11-2024 08:43 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 corrected yesterday.Highlights and key pointsUSCrude: oil is testing the resistance (A) 70.19 - 69.86. If the price fails to consolidate above this zone, the asset will decline to the first target of 68.37. XAUUSD: gold has stopped falling after hitting&
  
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• Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 01.11.2024

  01-11-2024 08:17 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: a bearish trend has started developing. Short positions can be opened from the current level with Take Profit at 58,789.86. XRPUSD: a downward impulse 3 is forming. Consider short positions with Take Profit at 0.426. ETHUSD: the price has begun declining in a new wave. Consider selling from the current level with Take Profit at 2,768.70
  
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• US Dollar Awaits Election Results. Forecast as of 01.11.2024

  01-11-2024 07:21 via litefinance.org
  
  The EURUSD pair will likely disregard the US Non-Farm Payrolls for October as hurricanes and strike actions may have distorted the data. In addition, the presidential election is looming in the US. Let's discuss this topic and make a trading plan.Highlights and key points The US labor market report could put a crimp in Democrats' odds. Weak employment will increase the estimated scope of the Fed rate cut. Positive news from Europe and China allowed the euro to gain ground. The EURUSD p
  
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• Starbucks’ new CEO has diagnosed its problems. Analysts say the solutions could get expensive.

  01-11-2024 02:33 via rocketnews.com
  Starbucks CEO Brian Niccol has laid out a bold turnaround plan for the coffee chain, with plans to tighten up service and redesign stores. But analysts are proceeding with caution.
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• Intel CEO’s turnaround mirrors some moves by Steve Jobs. But is it too late?

  01-11-2024 02:29 via rocketnews.com
  Intel Corp. Chief Executive Pat Gelsinger gave a few important details Thursday about the company’s ongoing restructuring that mirrored some of the moves that Steve Jobs made at Apple — but it may take longer to see the results.
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• The stock market gives this candidate a 69% chance to be the next U.S. president

  01-11-2024 01:51 via rocketnews.com
  Incumbent political party is favored when the Dow is up year-to-date, according to a prediction model with a 99% confidence rating.
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