Analyst news

• Duolingo’s longer-term forecast gets brighter, but short-term outlook disappoints

  09-05-2024 02:41 via rocketnews.com
  Duolingo Inc. on Wednesday said it saw a jump in demand in the first quarter, but investors appeared more concerned about the second, even as the language-learning app offered up more optimism further out.
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  [mwai_chat context=”Let’s have a discussion about this article:nnDuolingo Inc. on Wednesday said it saw a jump in demand in the first quarter, but investors appeared more concerned about the second, even as the language-learning app
  
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• XAUUSD: Elliott wave analysis and forecast for 31.05.24 – 07.06.24

  31-05-2024 13:50 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 2277.15 with a target of 2500.00 – 2560.00.Alternative scenario: breakout and consolidation below the level of 2277.15 will allow the pair to continue declining to the levels of 2154.83 – 2019.86.Analysis: a descending correction appears to have formed as the fourth wave (4) of larger degree on the daily chart. The fifth wave (5) is unfolding, with first wave 3 of (5) forming as its part. Apparently, the third
  
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• Oil prices steady as traders await OPEC+ decision on production cuts

  31-05-2024 13:34 via rocketnews.com
  Oil futures were little changed early Friday, but were on track for their first monthly declines of 2024 as traders fretted over gasoline demand and awaited a weekend decision on production cuts by the Organization of the Petroleum Exporting Countries and its allies.
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  [mwai_chat context=”Let’s have a discussion about this article:nnOil futures were little changed early Friday, but were on track for their first monthly declines of 2024
  
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• Costco doesn’t raise membership fees, says $1.50 price for hot dogs is safe

  31-05-2024 13:26 via rocketnews.com
  Costco Wholesale Corp. reported fiscal third-quarter profit, revenue and same-store sales that all beat Wall Street forecasts, but shares of the membership-based warehouse retailer pulled back from a record high.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnCostco Wholesale Corp. reported fiscal third-quarter profit, revenue and same-store sales that all beat Wall Street forecasts, but shares of the membership-base
  
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• WTI Crude Oil: Elliott wave analysis and forecast for 31.05.24 – 07.06.24

  31-05-2024 13:20 via litefinance.org
  
  Main scenario: consider short positions from corrections below the level of 87.75 with a target of 67.60 – 57.00.Alternative scenario: breakout and consolidation above the level of 87.75 will allow the asset to continue rising to the levels of 94.00 – 100.00.Analysis: supposedly, a downward correction continues developing as second wave of larger degree (2) on the daily chart, with wave С of (2) unfolding as its part. Apparently, an ascending correction is completed as second w
  
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• Trump pledges to stop wind energy. Here’s what may be ahead for the sector.

  31-05-2024 13:00 via rocketnews.com
  Presumptive GOP presidential nominee Donald Trump has promised to squelch offshore wind development on his first day back in office with an executive order. Analysts are forecasting what could be ahead for wind energy.
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  [mwai_chat context=”Let’s have a discussion about this article:nnPresumptive GOP presidential nominee Donald Trump has promised to squelch offshore wind development on his first day back in office with an executive orde
  
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• USDJPY: Elliott wave analysis and forecast for 31.05.24 – 07.06.24

  31-05-2024 12:50 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 153.45 with a target of 161.50 – 167.00.Alternative scenario: breakout and consolidation below the level of 153.45 will allow the pair to continue declining to the levels of 150.70 – 146.44.Analysis: an ascending wave of larger degree C continues forming on the daily chart, with fifth wave (5) of C unfolding as its part. The third wave 3 of (5) is unfolding on the H4 time frame, with first wave of smaller degr
  
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• GBPUSD: Elliott wave analysis and forecast for 31.05.24 – 07.06.24

  31-05-2024 12:20 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 1.2666 with a target of 1.2910 – 1.3155.Alternative scenario: breakout and consolidation below the level of 1.2666 will allow the pair to continue declining to the levels of 1.2447 – 1.2294.Analysis: the first wave of larger degree (1) is presumably formed, a correction developed as second wave (2), and the ascending third wave (3) started unfolding on the daily chart. On the H4 chart, wave 1 of (3) is formed,
  
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• Pound may regain lost ground. Forecast as of 31.05.2024

  31-05-2024 11:53 via litefinance.org
  
  At the end of spring, GBPUSD bulls retreated due to the rising US Treasury yields, but they are not going to give up early. The pound has plenty of trump cards to play. Let's discuss that and make a trading plan for GBPUSD.Weekly fundamental forecast for pound sterlingUnlike previous years when there was a clear Forex favorite, the two G10 currencies continue to go head-to-head in 2024, taking turns to lead the race. A rapid rise in US Treasury yields has returned the leading position
  
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• EURUSD: Elliott wave analysis and forecast for 31.05.24 – 07.06.24

  31-05-2024 11:50 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 1.0788 with a target of 1.0978 – 1.1141.Alternative scenario: breakout and consolidation below the level of 1.0788 will allow the pair to continue declining to the levels of 1.0720 – 1.0591.Analysis: an ascending wave B is presumably developing on the daily chart, with first wave 1 of (A) of B and corrective second wave 2 of (A) of B formed within. Apparently, the third wave 3 of (A) of B is developing on the
  
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• USDCHF: Elliott wave analysis and forecast for 31.05.24 – 07.06.24

  31-05-2024 11:20 via litefinance.org
  
  Main scenario: consider short positions from corrections below the level of 0.9161 with a target of 0.8325 – 0.8050. Alternative scenario: breakout and consolidation above the level of 0.9161 will allow the pair to continue rising to the levels of 0.9451 – 0.9838.Analysis: the downside fifth wave of larger degree (5) is presumably unfolding on the daily time frame. As its part, wave 1 of (5) is formed, a bullish correction is completed as second wave 2 of (5), and the third wave
  
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• Cathie Wood’s ARK Invest doubles down on UiPath as software firm’s stock price crashes

  31-05-2024 11:03 via rocketnews.com
  The asset manager, which is focused on disruptive technologies, bought $28 million worth of UiPath stock as shares in the company fell 34% on news its CEO would be stepping down
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe asset manager, which is focused on disruptive technologies, bought $28 million worth of UiPath stock as shares in the company fell 34% on news its CEO would be stepping downnnDiscussion:nn&rd
  
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• USDCAD: Elliott wave analysis and forecast for 31.05.24 – 07.06.24

  31-05-2024 10:51 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 1.3586 with a target of 1.4000 – 1.4200. Alternative scenario: breakout and consolidation below the level of 1.3586 will allow the pair to continue declining to the levels of 1.3354 – 1.3170.Analysis: the ascending first wave of larger degree (1) continues developing on the daily time frame, with wave 5 of (1) forming as its part. The third wave of smaller degree iii of 5 is developing on the H4 chart, wi
  
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• The euro will make a storm in a teacup. Forecast as of 31.05.2024

  31-05-2024 09:13 via litefinance.org
  
  Rising treasury yields, falling stock indices, and the Donald Trump factor support the EURUSD bears. However, the bulls have their trump cards, too. How will the pair react to inflation in such a situation? Let’s discuss it and make a trading plan.Weekly fundamental forecast for euroBut if it weren't for bad luck, they wouldn't have any luck at all. Eighteen months ago, Donald Trump's chances of returning to the White House looked minimal after a surprisingly successful midterm election fo
  
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• Short-term analysis for oil, gold, and EURUSD for 31.05.2024

  31-05-2024 09:11 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 euro is trying to continue to rise from support (A) 1.0811 - 1.0802.Oil price forecast for today: USCrude analysisOil continues to decline within the short-term downtrend. The downside target is the May 24 low. If the price consolidates below this level,
  
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• Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 31.05.2024

  31-05-2024 09:04 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 as in previous days. The subwaves [1]-[2]-[3]-[4] have formed for now. The first subwave (1) may be developing as part of wave [5]. Correction 4 is presumably completed as part of impulse (1), and the price is now growing in subwave 5, probably to 74,911.17.Tradi
  
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• Elon Musk’s pay package ‘outsized,’ proxy adviser says, urging shareholders to say no

  31-05-2024 06:19 via rocketnews.com
  A second proxy adviser has come out against Tesla Inc.’s Chief Executive Elon Musk’s pay package, dealing the EV maker another blow as it tries to win shareholder support for a slew of proposals at its June meeting.
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  [mwai_chat context=”Let’s have a discussion about this article:nnA second proxy adviser has come out against Tesla Inc.’s Chief Executive Elon Musk’s pay package, dealing the EV maker another blow a
  
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• Gap’s stock jumps 23% as the retailer swings to profit and raises guidance

  31-05-2024 02:24 via rocketnews.com
  Gap Inc. shares rallied in the extended session Thursday after the retailer reported first-quarter earnings and sales well above investors’ expectations, raised its guidance for the year and pared down its inventory.
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  [mwai_chat context=”Let’s have a discussion about this article:nnGap Inc. shares rallied in the extended session Thursday after the retailer reported first-quarter earnings and sales well above investors’ expe
  
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• Gap’s stock jumps 20% as the retailer swings to profit and raises guidance

  30-05-2024 23:35 via rocketnews.com
  Gap Inc. shares rallied in the extended session Thursday after the retailer reported first-quarter earnings and sales well above investors’ expectations, raised its guidance for the year and pared down its inventory.
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  [mwai_chat context=”Let’s have a discussion about this article:nnGap Inc. shares rallied in the extended session Thursday after the retailer reported first-quarter earnings and sales well above investors’ expe
  
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• Even with guilty verdict, Trump unlikely to be put behind bars before November’s election

  30-05-2024 23:30 via rocketnews.com
  Even after being found guilty of trying to cover up hush-money payments to make stories of affairs go away, Donald Trump may well remain a free man until long past November’s election.
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  [mwai_chat context=”Let’s have a discussion about this article:nnEven after being found guilty of trying to cover up hush-money payments to make stories of affairs go away, Donald Trump may well remain a free man until long past November’s e
  
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• Costco beats profit and sales forecasts, but stock pulls back from record highs

  30-05-2024 23:29 via rocketnews.com
  Costco Wholesale Corp. reported fiscal third-quarter profit, revenue and same-store sales that all beat Wall Street forecasts, but shares of the membership-based warehouse retailer pulled back from a record high.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnCostco Wholesale Corp. reported fiscal third-quarter profit, revenue and same-store sales that all beat Wall Street forecasts, but shares of the membership-base
  
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• UnitedHealth’s ‘negligent’ cybersecurity needs FTC, SEC scrutiny, Wyden says

  30-05-2024 20:55 via rocketnews.com
  Senate Finance Committee chair Ron Wyden on Thursday called on the Federal Trade Commission and Securities and Exchange Commission to investigate UnitedHealth Group’s “negligent cybersecurity practices” in light of the cyberattack on the company’s Change Healthcare unit.
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  [mwai_chat context=”Let’s have a discussion about this article:nnSenate Finance Committee chair Ron Wyden on Thursday called on the Federal Tr
  
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• New U.S. bird-flu case is first with respiratory symptoms, CDC says

  30-05-2024 20:52 via rocketnews.com
  A new human bird-flu case identified in a Michigan dairy worker is the first in the U.S. to involve acute respiratory symptoms, the Centers for Disease Control and Prevention said Thursday.
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  [mwai_chat context=”Let’s have a discussion about this article:nnA new human bird-flu case identified in a Michigan dairy worker is the first in the U.S. to involve acute respiratory symptoms, the Centers for Disease Control and Prevention said Thu
  
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• Foot Locker’s stock having best day in nearly 2 years after a big profit beat

  30-05-2024 20:17 via rocketnews.com
  Foot Locker’s stock was headed sharply higher Thursday, after the athletic shoe and accessories retailer reported fiscal first-quarter profit that beat expectations by a wide margin, while sales fell a bit short.
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  [mwai_chat context=”Let’s have a discussion about this article:nnFoot Locker’s stock was headed sharply higher Thursday, after the athletic shoe and accessories retailer reported fiscal first-quarter profit that b
  
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• McDonald’s is mad about $18 Big Mac meal complaints and these other ‘myths’

  30-05-2024 17:58 via rocketnews.com
  All those stories about how expensive Big Mac burgers are now have made McDonald’s Corp. very mad, and the fast food giant isn’t going to take it anymore.
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  [mwai_chat context=”Let’s have a discussion about this article:nnAll those stories about how expensive Big Mac burgers are now have made McDonald’s Corp. very mad, and the fast food giant isn’t going to take it anymore.nnDiscussion:nn” ai_name=”Ro
  
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• USD CHF Forecast for 2024, 2025, 2026-2030 and Beyond

  30-05-2024 16:49 via litefinance.org
  
  The USD/CHF pair presents a complex landscape of fluctuating trends and technical indicators. With mixed sentiments from different analyses, the pair's future seems to tread on a volatile path. Short-term bearish tendencies clash with long-term bullish predictions, painting a picture of uncertainty yet opportunity in the forex market. As analysts debate technical patterns and future projections, traders should prepare for a dynamic journey. Dive into our comprehensive guide that promises to
  
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• U.S. April trade gap in goods widens to largest deficit in almost two years

  30-05-2024 14:43 via rocketnews.com
  The U.S. trade deficit in goods widened 7.7% to $99.4 billion in April, according to the Commerce Department’s advanced estimate released Thursday. That’s the widest deficit since June 2022.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe U.S. trade deficit in goods widened 7.7% to $99.4 billion in April, according to the Commerce Department’s advanced estimate released Thursday. That’s the
  
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• Hormel beats profit estimates again, but misses on sales

  30-05-2024 14:41 via rocketnews.com
  Hormel Foods, the parent of food brands including Skippy, Spam, Dinty Moore and La Victoria, beat fiscal second-quarter earnings expectations and raised its full-year outlook as profit margins improved, but fell short on sales.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnHormel Foods, the parent of food brands including Skippy, Spam, Dinty Moore and La Victoria, beat fiscal second-quarter earnings expectations and
  
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• GDP shows U.S. economy grew just 1.3% in the first quarter as consumer spending slowed

  30-05-2024 14:38 via rocketnews.com
  The U.S. economy grew at a slower 1.3% annual pace in the first three months of the year, revised government figures show, largely because of softer consumer spending.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe U.S. economy grew at a slower 1.3% annual pace in the first three months of the year, revised government figures show, largely because of softer consumer spending.nnDiscussion:nn” ai_name=”
  
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• Mexican peso at risk with US elections ahead. Forecast as of 30.05.2024

  30-05-2024 12:30 via litefinance.org
  
  Mexico has benefited most from the US-China trade wars by attracting production facilities from Asia. However, all good things come to an end at some point. The USDMXN downtrend is no exception. Let's discuss the forex outlook and make a trading plan for USDMXN.Weekly fundamental Mexican peso forecastUSDMXN is down 53% from its pandemic highs in 2020, but the economy and wages are growing as Chinese manufacturing moves to Latin America amid US protectionist policies. Money transfe
  
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