Analyst news

• Big retailers report as Q1 earnings wind down. This company has been the biggest drag on the S&P 500’s results.

  12-05-2024 16:01 via rocketnews.com
  Groceries and houses are still way more expensive than they were before the pandemic. This week, two of the nation’s largest retailers — Walmart Inc. and Home Depot Inc. — will probably have more to say about it.
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  [mwai_chat context=”Let’s have a discussion about this article:nnGroceries and houses are still way more expensive than they were before the pandemic. This week, two of the nation’s largest retailers &
  
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• Short-term analysis for oil, gold, and EURUSD for 06.06.2024

  06-06-2024 09:14 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 has reached the resistance (A) today.Oil price forecast for today: USCrude analysisOil maintains an upward correction, aiming to reach the resistance (A) 75.74 - 75.44. Once the price hits this area, consider short trades within a short-term downtrend wi
  
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• Euro keeps its promise. Forecast as of 06.06.2024

  06-06-2024 09:13 via litefinance.org
  
  In April, the European Central Bank promised to ease monetary policy at its next meeting. It's time to meet its commitments. Theoretically, this must make the EURUSD decline, but the pair is growing. Why? Let’s discuss it and make a trading plan.Fundamental forecast for euro for todayAll 82 experts surveyed by Reuters predict that the ECB will cut the deposit rate from 4% to 3.75% at its meeting on 6 June. However, not everyone thinks that's a good idea. Algebris Investments calls this ver
  
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• Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 06.06.2024

  06-06-2024 08:08 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 impulse made of subwaves [1]-[2]-[3]-[4]-[5] continues forming in Bitcoin's chart. Its subwaves [1]-[2]-[3]-[4] are fully completed. The initial part of the final impulse wave [5] is currently unfolding, with the first small subwaves (1)-(2) already formed. The first subwave (1) may be unfolding as part of wave [5]. Correction 4 has presumably
  
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• Amazon’s New York union of 8,000 workers formally affiliates with the Teamsters

  06-06-2024 03:12 via rocketnews.com
  The International Brotherhood of Teamsters announced Wednesday that it has formally affiliated with the Amazon Labor Union, with a vote to ratify the affiliation to take place in “the coming weeks.”
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnThe International Brotherhood of Teamsters announced Wednesday that it has formally affiliated with the Amazon Labor Union, with a vote to ratify the affiliation
  
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• People who got Norfolk Southern relief money after Ohio train derailment won’t be taxed on it, IRS says

  06-06-2024 00:00 via rocketnews.com
  The people receiving money to relocate, repair homes and pay medical bills after the February 2023 train derailment in East Palestine do not have to report the payments on their taxes, the IRS said Wednesday.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe people receiving money to relocate, repair homes and pay medical bills after the February 2023 train derailment in East Palestine do not have to report the paym
  
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• Victoria’s Secret says it’s ‘encouraged’ by May sales, but is staying cautious amid subdued spending

  05-06-2024 23:25 via rocketnews.com
  Victoria’s Secret & Co. on Wednesday said it was “encouraged” by demand for its bras, sleepwear and other clothing in May, but the company said it was exercising restraint amid continued caution more broadly among the U.S. consumer.
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  [mwai_chat context=”Let’s have a discussion about this article:nnVictoria’s Secret & Co. on Wednesday said it was “encouraged” by demand for its bras, sleepwear
  
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• Lululemon shares jump on boosts to stock buyback, profit forecast

  05-06-2024 23:02 via rocketnews.com
  Shares of Lululemon Athletica jumped after hours Wednesday, after the yoga-wear maker and athleisure giant announced a $1 billion increase to its stock-buyback program and raised its full-year profit outlook.
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  [mwai_chat context=”Let’s have a discussion about this article:nnShares of Lululemon Athletica jumped after hours Wednesday, after the yoga-wear maker and athleisure giant announced a $1 billion increase to its stock-buyback prog
  
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• Nvidia is now worth more than $3 trillion — and worth more than Apple

  05-06-2024 22:17 via rocketnews.com
  Nvidia needed only 66 trading days to move from a $2 trillion market cap to a $3 trillion market cap and become the second-most valuable company in the U.S.
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  [mwai_chat context=”Let’s have a discussion about this article:nnNvidia needed only 66 trading days to move from a $2 trillion market cap to a $3 trillion market cap and become the second-most valuable company in the U.S.nnDiscussion:nn” ai_name=”RocketNews AI: ”
  
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• Some Berkshire Hathaway investors tried buying the dip during Monday’s glitch — but ended up with shares at full price instead

  05-06-2024 22:15 via rocketnews.com
  Many investors likely tried to buy what appeared to be a more than 99% dip in Berkshire Hathaway Inc. Class A shares during Monday’s New York Stock Exchange trading glitch.Some got more than they bargained for.
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  [mwai_chat context=”Let’s have a discussion about this article:nnMany investors likely tried to buy what appeared to be a more than 99% dip in Berkshire Hathaway Inc. Class A shares during Monday’s New York Stock Ex
  
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• Amazon union in New York adds Teamsters affiliation before ratification vote

  05-06-2024 20:18 via rocketnews.com
  The International Brotherhood of Teamsters announced Wednesday that it has formally affiliated with the Amazon Labor Union, with a vote to ratify the affiliation to take place in “the coming weeks.”
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnThe International Brotherhood of Teamsters announced Wednesday that it has formally affiliated with the Amazon Labor Union, with a vote to ratify the affiliation
  
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• Plummeting oil, diesel, and copper prices signal economic stress. Here’s why.

  05-06-2024 18:52 via rocketnews.com
  Some commodities can serve as barometers of economic activity, and the recent sharp declines in diesel, oil, and copper prices, along with signs of a demand slowdown in recent weeks, hint at a U.S. economy that has been “struggling.”
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  [mwai_chat context=”Let’s have a discussion about this article:nnSome commodities can serve as barometers of economic activity, and the recent sharp declines in diesel, oil, and copper prices,
  
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• ADP jobs report says new hiring slowed to 152,000 in May in sign labor market is cooling off

  05-06-2024 16:58 via rocketnews.com
  U.S. businesses added 152,000 new jobs in May to mark the smallest increase this year, paycheck company ADP said, in what appears to be another sign of a broader slowdown in hiring.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnU.S. businesses added 152,000 new jobs in May to mark the smallest increase this year, paycheck company ADP said, in what appears to be another sign of a broader slowdown in hiring.nnDiscussi
  
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• Oil sees ‘oversold bounce’ after recent loss as traders weigh a rise in U.S. supply

  05-06-2024 16:57 via rocketnews.com
  Oil futures climbed Wednesday, with prices looking to recoup some of their losses from a five-session decline. Gains were modest as official U.S. data revealed weekly gains in commercial crude, gasoline, and distillate inventories.
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  [mwai_chat context=”Let’s have a discussion about this article:nnOil futures climbed Wednesday, with prices looking to recoup some of their losses from a five-session decline. Gains were modest as official
  
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• Archer Air, operator of electric air taxis, cleared by FAA to operate an airline

  05-06-2024 16:56 via rocketnews.com
  Shares of Archer Aviation Inc. got a lift Wednesday after company, which operates electric air taxis, said its Archer Air subsidiary received certification from the U.S. Federal Aviation Administration to operate as a commercial airline.
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  [mwai_chat context=”Let’s have a discussion about this article:nnShares of Archer Aviation Inc. got a lift Wednesday after company, which operates electric air taxis, said its Archer Air subsidiary re
  
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• Campbell Soup prices didn’t rise for first time in three years

  05-06-2024 16:52 via rocketnews.com
  Campbell Soup’s stock fell Wednesday, after the soups and foods company said that while consumers are recovering as inflation has moderated, the once-resilient snacks business is now seeing weakness.
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  [mwai_chat context=”Let’s have a discussion about this article:nnCampbell Soup’s stock fell Wednesday, after the soups and foods company said that while consumers are recovering as inflation has moderated, the once-resilient s
  
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• Psychedelic-medicine stocks drop after ecstasy’s rocky day at the FDA

  05-06-2024 14:51 via rocketnews.com
  Psychedelic-medicine stocks dropped sharply early Wednesday, a day after an independent panel of Food and Drug Administration advisers said the benefits of a MDMA-assisted therapy for post-traumatic stress disorder do not outweigh its risks.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnPsychedelic-medicine stocks dropped sharply early Wednesday, a day after an independent panel of Food and Drug Administration advis
  
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• Hanesbrands’ stock jumps after deal to sell Champion for up to $1.5 billion

  05-06-2024 14:40 via rocketnews.com
  Hanesbrands’ stock soared Wednesday, after the underwear and T-shirts seller said it was selling its Champion athletic-apparel business in a deal that could be valued at up to $1.5 billion.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnHanesbrands’ stock soared Wednesday, after the underwear and T-shirts seller said it was selling its Champion athletic-apparel business in a deal that could be valued at u
  
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• ADP jobs report says businesses hired 152,000 workers in May. Hiring appears to be slowing.

  05-06-2024 14:19 via rocketnews.com
  U.S. businesses added 152,000 new jobs in May to mark the smallest increase this year, paycheck company ADP said, in what appears to be another sign of a broader slowdown in hiring.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnU.S. businesses added 152,000 new jobs in May to mark the smallest increase this year, paycheck company ADP said, in what appears to be another sign of a broader slowdown in hiring.nnDiscussi
  
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• Economic calendar for the week 10.06.2024 – 16.06.2024

  05-06-2024 11:35 via litefinance.org
  
  In the week of 10.06.2024 – 16.06.2024, the Fed meeting will be in the spotlight. The interest rate decision will be released on Wednesday, June 12. It is widely expected that the rate will remain unchanged and the Fed officials will emphasize that the fight against high inflation will continue. Many economists believe that the Fed will not cut rates this year.Nonetheless, the intrigue of the Fed's next move remains and continues to draw the attention of financial market participants.In ad
  
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• (NFLX) Netflix stock Forecast for 2024, 2025–2026 and Beyond

  05-06-2024 11:29 via litefinance.org
  
  As a titan in the streaming industry, Netflix, Inc. (NFLX) has revolutionized how we consume media, evolving from a DVD rental service to a global streaming giant. With its vast content library and continued expansion into original programming, Netflix has been a subject of keen interest in the stock market.This article will delve into the Netflix stock forecast for 2024, 2025–2026, and beyond, offering a comprehensive technical analysis and trading ideas to help you make an informed inves
  
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• BoC to take risks. Forecast as of 05.06.2024

  05-06-2024 10:41 via litefinance.org
  
  The decision to cut the overnight rate in June is win or bust. The macroeconomic statistics urge to loosen monetary policy, but how to avoid a blunder? Let's talk about this topic and make a trading plan for USDCAD.Canadian dollar fundamental forecast for todayWill the Bank of Canada begin its overnight rate cut cycle on June 5 or wait until July 24? A cooling labor market and economy, coupled with inflation moving steadily toward the target, suggest the first scenario. However, the Bank of
  
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• Short-term analysis for oil, gold, and EURUSD for 05.06.2024

  05-06-2024 09:08 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, oil broke through the Gold Zone 73.81 - 73.48.Oil price forecast for today: USCrude analysisYesterday, oil broke through the Gold Zone 73.81 - 73.48. The next bearish target is within the Target Zone 2, 71.11 - 70.51. Short trades can be opened on
  
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• Politics supported dollar. Forecast as of 05.06.2024

  05-06-2024 08:59 via litefinance.org
  
  Investors are obsessed with central bank rates, but they are not the only drivers in forex rates. Elections in Mexico, South Africa, and India have reminded us that other factors also exist. Let’s discuss it and make a trading plan for EURUSD.Weekly fundamental forecast for dollarThe election results in Mexico, South Africa, and India shocked the financial markets so much that investors remembered that not only central bank rates determine the movements of currency rates on Forex. Voting i
  
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• Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 05.06.2024

  05-06-2024 08:18 via litefinance.org
  
  Dear readers,I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.The prices of three cryptocurrencies are following the scenario we have previously identified.Elliott Wave analysis for BitcoinThe impulse made of subwaves [1]-[2]-[3]-[4]-[5] continues forming in Bitcoin's chart. Subwaves [1]-[2]-[3]-[4] have formed for now. The first subwave (1) may be unfolding as part of wave [5]. Correction 4 is presumably completed as part of impulse (
  
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• HP Enterprise finally gets an AI bump, but server margins are a concern

  05-06-2024 03:29 via rocketnews.com
  Hewlett Packard Enterprise is finally seeing a boost from artificial intelligence, in the form of server sales, but margins are a bit of a concern in what is becoming a competitive arena.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnHewlett Packard Enterprise is finally seeing a boost from artificial intelligence, in the form of server sales, but margins are a bit of a concern in what is becoming a competitive aren
  
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• Tommy Hilfiger and Calvin Klein parent PVH Corp. raises profit outlook despite ‘continued tough macroeconomic backdrop’

  04-06-2024 22:48 via rocketnews.com
  PVH Corp., the company behind Tommy Hilfiger and Calvin Klein, raised its profit outlook for the full year on Tuesday despite weaker quarterly sales, saying it was confident in its longer-term plans to grow sales and profit in North America and abroad.
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  [mwai_chat context=”Let’s have a discussion about this article:nnPVH Corp., the company behind Tommy Hilfiger and Calvin Klein, raised its profit outlook for the full year on Tuesday de
  
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• Max raises prices for its ad-free plans ahead of ‘House of the Dragon’ premiere

  04-06-2024 22:44 via rocketnews.com
  The Warner Bros. Discovery streaming service is raising prices on its ad-free plans, two weeks ahead of the premiere of the highly anticipated second season of the “Game of Thrones” prequel “House of the Dragon.”
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnThe Warner Bros. Discovery streaming service is raising prices on its ad-free plans, two weeks ahead of the premiere of the highly antic
  
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• Massachusetts securities regulator ‘looking into’ Roaring Kitty’s activities

  04-06-2024 20:50 via rocketnews.com
  Influential trader Keith Gill, also known as Roaring Kitty, recently sparked meme-stock rallies that sent shares of GameStop Corp. and AMC Entertainment Holdings Inc. skyrocketing. But his trading activities have also caught the attention of the commonwealth of Massachusetts securities regulator.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnInfluential trader Keith Gill, also known as Roaring Kitty, recently sparke
  
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• Ecstasy is on the brink of FDA approval. It’s a crucial moment for psychedelic medicine.

  04-06-2024 20:16 via rocketnews.com
  A panel of independent advisers to the Food and Drug Administration is meeting Wednesday to discuss the agency’s potential approval of MDMA-assisted therapy for post-traumatic stress disorder, marking a pivotal moment for the booming field of psychedelic medicine.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnA panel of independent advisers to the Food and Drug Administration is meeting Wednesday to discuss th
  
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