Analyst news

• Markets eagerly await BoJ move. Forecast as of 27.05.2024

  27-05-2024 13:16 via litefinance.org
  
  If you constantly wait for new evidence, you may miss the moment for decisive action. The Bank of Japan's decisions are made by people, and their reluctance to take action hinders the yen. Let's talk about this and make a trading plan for USDJPY.Weekly fundamental forecast for Japanese yenThe BoJ's dithering is slowly killing the Japanese yen. The regulator needs evidence that inflation is anchored near 2%, which seems odd at first glance. Consumer prices have been above that mark for 25 consecu
  
  Read more

• Poland Spring parent BlueTriton, Primo Water to merge, creating a water giant

  17-06-2024 17:57 via rocketnews.com
  Primo Water Corp. and BueTriton Brands Inc., the parent of Poland Spring and Deer Park water brands, announced Monday an agreement to merge, which would create a water giant with $6.5 billion in annual revenue.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnPrimo Water Corp. and BueTriton Brands Inc., the parent of Poland Spring and Deer Park water brands, announced Monday an agreement to merge, which would create a
  
  Read more

• Best Buy’s stock leaps after UBS makes Wall Street’s most bullish call

  17-06-2024 17:46 via rocketnews.com
  Best Buy’s stock now appears “fully charged” for a rally, said UBS’s Micheal Lasser, who on Monday became Wall Street’s most bullish analyst covering the consumer-electronics and appliances retailer.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnBest Buy’s stock now appears “fully charged” for a rally, said UBS’s Micheal Lasser, who on Monday became Wall Street&r
  
  Read more

• Autodesk sued by Starboard to allow for changes to board that ‘misled’ investors

  17-06-2024 17:07 via rocketnews.com
  Activist investor Starboard Value, which currently has a $500 million stake in Autodesk Inc., said Monday that it is filing a lawsuit against the design software company in order to nominate new directors to the board, which Starboard alleges “misled” shareholders.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnActivist investor Starboard Value, which currently has a $500 million stake in Autodesk Inc., s
  
  Read more

• Advertisement

• The IRS is targeting tax cheats who play ‘shell games.’ Uncle Sam could net $50 billion.

  17-06-2024 14:45 via rocketnews.com
  The sole purpose of these large, lucrative business partnerships “is to avoid tax bills by moving assets from one pocket to another to generate deductions,” Deputy Treasury Secretary Wally Adeyemo said.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnThe sole purpose of these large, lucrative business partnerships “is to avoid tax bills by moving assets from one pocket to another to generate deductio
  
  Read more

• BoJ acts slowly but truly. Forecast as of 17.06.2024

  17-06-2024 12:30 via litefinance.org
  
  The Bank of Japan continues to normalize monetary policy, leaving the yen among Forex outsiders. However, this should change as the Fed rate cut approaches. Let's talk about this topic and make a trading plan for USDJPY.Quarterly fundamental forecast for Japanese yenInstead of announcing a reduction in asset purchases from the current ¥6 trillion per month, the Bank of Japan said it would happen in July, involving a significant reduction in the QE. Kazuo Ueda noted that less BoJ activity in
  
  Read more

• Platinum Price Predictions: 2024 and Beyond

  17-06-2024 12:21 via litefinance.org
  
  Platinum, with its distinguished properties and applications, stands out in the precious metals market. A striking example of its essential use is in the healthcare sector, where platinum is the only material suitable for the electrodes in the 600,000 heart pacemakers implanted annually. This metal's scarcity, coupled with its essential role in various industry sectors, underpins its intrinsic value and market volatility.This article delves into the platinum price forecasts, offering predictions
  
  Read more

• Goldman ups S&P 500 target for a third time — and says 6,300 is possible

  17-06-2024 11:46 via rocketnews.com
  The bank now sees the record-busting index SPX ending 2024 at 5,600, from a prior 5,200 thanks to “milder-than-average negative earnings revisions and a higher fair value price/earnings multiple.”
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnThe bank now sees the record-busting index SPX ending 2024 at 5,600, from a prior 5,200 thanks to “milder-than-average negative earnings revisions and a highe
  
  Read more

• Advertisement

• French stocks have struggled since Macron called for election. Goldman Sachs says it can get worse.

  17-06-2024 11:06 via rocketnews.com
  A scenario where the far-right National Rally wins an absolute majority in French parliament could lead to further underperformance for French stocks after its worst week in two years, say strategists at Goldman Sachs.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnA scenario where the far-right National Rally wins an absolute majority in French parliament could lead to further underperformance for French stocks afte
  
  Read more

• Dollar opens the doors. Forecast as of 17.06.2024

  17-06-2024 09:14 via litefinance.org
  
  Increasing political risks in Europe are shifting money into US stocks and bonds. Consequently, quotes are falling despite unfavorable conditions for the EURUSD bears. Let’s discuss this and make a trading plan.Weekly fundamental forecast for dollarEvery day is a lesson. Until now, the S&P 500's rally, the decline in US Treasury yields, the deterioration of US macro statistics, and the slowdown in American inflation were seen as bad news for the greenback. However, the USD index i
  
  Read more

• Short-term analysis for oil, gold, and EURUSD for 17.06.2024

  17-06-2024 09:01 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.Last week, the EUR/USD pair declined to the Target Zone.Oil price forecast for today: USCrude analysisOil is maintaining a correction within the short-term uptrend. The correction target is the support (A) 75.96 - 75.66. Once this area is tested, consider lon
  
  Read more

• Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 17.06.2024

  17-06-2024 08:53 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 BTCUSD pair is forming the final part of a bullish impulse — wave [5]. The first subwave (1) may have formed as an impulse recently. Correction (2) is currently unfolding, presumably as a zigzag A-B-C. Impulse wave A is completed, and the price is growing in correction B, which may equal 61.8% of subwave A. Thus, the price may rise to th
  
  Read more

• ‘We get a raw deal’: I had the worst Father’s Day ever — and it’s a cautionary tale for other happy families

  17-06-2024 04:58 via rocketnews.com
  “It’s not about the money or even the card — it’s about the recognition for all the hard work dads do to put food on the table and pay the mortgage.”
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nn“It’s not about the money or even the card — it’s about the recognition for all the hard work dads do to put food on the table and pay the mortgage.”nnDiscussion:n
  
  Read more

• Inflation is widening the divide between how the wealthy and everyone else sees the economy

  16-06-2024 22:53 via rocketnews.com
  Asteadily growing economy and low unemployment have helped to ease some of the pain of high inflation, but middle- and low-income Americans say they are feeling more stress.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnAsteadily growing economy and low unemployment have helped to ease some of the pain of high inflation, but middle- and low-income Americans say they are feeling more stress.nnDiscussion:nn” ai_
  
  Read more

• Big Tech—not the Fed—is driving the stock-market rally. Here’s what investors need to know.

  16-06-2024 18:01 via rocketnews.com
  Big tech, not the Federal Reserve, is once again driving the rally across U.S. equities, offering hope to some investors that the stock market could shrug off concerns about the interest-rate outlook to sustain its upward momentum.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnBig tech, not the Federal Reserve, is once again driving the rally across U.S. equities, offering hope to some investors that the stock marke
  
  Read more

• ‘We get a raw deal’: This was my worst Father’s Day ever — and it’s a cautionary tale for other happy families

  16-06-2024 00:36 via rocketnews.com
  “It’s not about the money or even the card — it’s about the recognition for all the hard work dads do to put food on the table and pay the mortgage.”
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nn“It’s not about the money or even the card — it’s about the recognition for all the hard work dads do to put food on the table and pay the mortgage.”nnDiscussion:n
  
  Read more

• Happy Eid al-Adha 2024!

  15-06-2024 20:00 via litefinance.org
  
  Dear clients,We sincerely wish you a happy Eid al-Adha! May this great holiday bring you peace, joy, and prosperity, and may Allah Almighty reward you with happiness, success, and love! We hope your kind prayers and sacrifices will be accepted and your life will be filled with goodness.Best regards,The team at LiteFinance Read more
  
  Read more

• ‘We get a raw deal’: This was my worst Father’s Day of all time — and it had nothing to do with a ‘crummy’ tie or tickets to see Taylor Swift

  15-06-2024 17:47 via rocketnews.com
  “It’s not about the money or even the card — it’s about the recognition for all the hard work dads do to put food on the table and pay the mortgage.”
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nn“It’s not about the money or even the card — it’s about the recognition for all the hard work dads do to put food on the table and pay the mortgage.”nnDiscussion:n
  
  Read more

• These stock sectors have fallen so much they now look attractive, analyst says

  15-06-2024 17:33 via rocketnews.com
  The sharp selloffs some sectors have been seeing relative to the broader market could be a sign of underlying weakness, but Janney analyst Dan Wantrobski says they are actually presenting near-term buying opportunities.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnThe sharp selloffs some sectors have been seeing relative to the broader market could be a sign of underlying weakness, but Janney analyst Dan Wantrobski
  
  Read more

• ‘We get a raw deal’: On Father’s Day, here’s the worst thing you can do — and it doesn’t involve giving your dad a ‘crummy’ tie or tickets to see Taylor Swift

  15-06-2024 12:00 via rocketnews.com
  “It’s not about the money or even the card — it’s about the recognition for all the hard work dads do to put food on the table and pay the mortgage.”
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nn“It’s not about the money or even the card — it’s about the recognition for all the hard work dads do to put food on the table and pay the mortgage.”nnDiscussion:n
  
  Read more

• What Wells Fargo’s ‘mouse-jiggler’ scandal says about the problem with work right now

  14-06-2024 22:33 via rocketnews.com
  Devices that help people fake time at their desks may also be a symptom of employees struggling to keep up with the always-on, always-available expectations of their jobs.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnDevices that help people fake time at their desks may also be a symptom of employees struggling to keep up with the always-on, always-available expectations of their jobs.nnDiscussion:nn” ai_name
  
  Read more

• Oil scores biggest weekly gain since early April

  14-06-2024 22:22 via rocketnews.com
  Oil futures fell slightly on Friday but maintained solid weekly gains that more than erased the tumble seen after OPEC+ on June 2 announced a plan to begin phasing in the return of around 2.2 million barrels a day of crude later this year.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnOil futures fell slightly on Friday but maintained solid weekly gains that more than erased the tumble seen after OPEC+ on June 2 ann
  
  Read more

• Goolsbee is thrilled by low inflation readings but says Fed needs more proof that prices are easing

  14-06-2024 20:38 via rocketnews.com
  A slowdown in inflation in May was a big step in the right direction, Chicago Federal Reserve Bank President Austan Goolsbee said Friday, but prices need to decelerate further to support a reduction in U.S. interest rates.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnA slowdown in inflation in May was a big step in the right direction, Chicago Federal Reserve Bank President Austan Goolsbee said Friday, but prices n
  
  Read more

• French banking-sector bonds buckle as Paris awaits snap elections

  14-06-2024 20:12 via rocketnews.com
  Bonds issued by French banks have been selling off, along with government bonds and stocks, as Paris prepares for snap elections that aim to limit the role of the nation’s far-right party in the government.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnBonds issued by French banks have been selling off, along with government bonds and stocks, as Paris prepares for snap elections that aim to limit the role of t
  
  Read more

• Bond market’s rally may have more room to run: ‘What a week it’s been’

  14-06-2024 18:28 via rocketnews.com
  The $27 trillion U.S. government-debt market is about to conclude a momentous week of trading that’s sending the 10-year Treasury yield down to an 11-week low of 4.2% and could even have more room to run.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnThe $27 trillion U.S. government-debt market is about to conclude a momentous week of trading that’s sending the 10-year Treasury yield down to an 11-week l
  
  Read more

• Hurco’s stock slides 5% after company suspends quarterly dividend payments

  14-06-2024 17:34 via rocketnews.com
  Hurco Cos. Inc.’s stock HURC tumbled 15.6% early Friday, after the industrial technology company said it’s suspending its quarterly dividend as it works to enhance its financial flexibility.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnHurco Cos. Inc.’s stock HURC tumbled 15.6% early Friday, after the industrial technology company said it’s suspending its quarterly dividend as it works to en
  
  Read more

• Range bar charts: how to use them in Forex trading

  14-06-2024 17:14 via litefinance.org
  
  Although not all trading platforms feature Range bar charts, they are pretty popular with professional traders. The main peculiarity of a range bar chart is that it does not consider time and is drawn based on price moves. This helps reduce price noise, especially when trading high-volatility assets. Read on to learn how to use range bars and what strategies include trading with this chart type.How to draw Range bar charts?A Range chart looks like a regular bar chart and is structured in the sam
  
  Read more

• Popular tech-sector ETF could see major shakeup as Apple, Microsoft and Nvidia jockey for position

  14-06-2024 14:52 via rocketnews.com
  One popular passive exchange-traded fund could soon see a major shakeup with potentially serious ramifications for the technology stocks that have been driving much of the market’s gains in 2024.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnOne popular passive exchange-traded fund could soon see a major shakeup with potentially serious ramifications for the technology stocks that have been driving much of the
  
  Read more

• Mester says Fed needs to see more low inflation readings before cutting interest rates

  14-06-2024 14:45 via rocketnews.com
  The president of the Cleveland Federal Reserve said the low inflation readings in May were great news, but the central bank needs to “see that continue a bit longer” before it can cut interest rates.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnThe president of the Cleveland Federal Reserve said the low inflation readings in May were great news, but the central bank needs to “see that continue a b
  
  Read more

• Steelmaker Nucor’s stock extends selloff after a profit warning

  14-06-2024 14:26 via rocketnews.com
  Nucor’s stock was headed for a 7-month low on Friday, after the steel and steel-products maker warned of a second-quarter earnings shortfall, citing weakness at its steel mills business.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnNucor’s stock was headed for a 7-month low on Friday, after the steel and steel-products maker warned of a second-quarter earnings shortfall, citing weakness at its steel mil
  
  Read more

Follow @news_analyst on Twitter!