Image Source: UnsplashGold has been having a great run, but is it getting too expensive? How about compared to stocks? Let’s look at some ratio charts to hopefully get some insight on that.First is the All World Index divided by gold futures. The topping formation is still forming. If it completes, it certainly implies that stocks are going to get destroyed by gold’s performance. Wouldn’t that be a nice change?A similar story holds for the Dow Jones Composite.As well as the Dow Jones Financial stocks.So what about crypto? Here’s an especially interesting chart. It shows Gold divided by Bitcoin. For years, this chart did nothin...
Photo by Thomas Coker on Unsplash NZD/USD edges lower to 0.5970 amid stronger USD and dovish comments from RBNZ. The US economy grew faster than expected in the fourth quarter (Q4). RBNZ’s Orr said the central bank is on course to get inflation back into the target band, rate cuts are getting closer. The US February Core PCE will be in the spotlight on Friday. The NZD/USD pair remains under some selling pressure near 0.5970 after retracing from the 0.6000 barrier during the Asian session on Friday. The dovish comments from the Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr weigh on the New Zealand Dollar (NZD). Investors ...
Image Source: UnsplashWhile the iShares China Large-Cap ETF (FXI – Free Report) has fallen -19% over the last year, several Chinese ADRs (American Depository Receipts) look poised for a sharp rebound.To that point, many Chinese stocks are starting to look oversold due to concerns of slower economic growth in China. Still, there are internet-commerce leaders in China that have been able to sustain their attractive growth trajectories among other companies benefiting from strong business industries.More enticing is that their stocks are now trading at more reasonable valuations while offering exposure to the massive number of consum...
Image Source: UnsplashThe Zacks Research Daily presents the best research output of our analyst team. Today’s Research Daily features new research reports on 16 major stocks, including Walmart Inc. (WMT), Linde plc (LIN), and IBM Corp. (IBM). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today. You can see all of today’s research reports here >>> Walmart’s shares have outperformed the Zacks Retail – Supermarkets industry over the past year (+28.1% vs. +26.9%). The company is gaining from its highly diversified business with contributions from various segments...
Image Source: Unsplash Jablonski says quantum will be the next buzz word for Wall Street. She’s particularly bullish on IONQ Inc within quantum computing. IONQ close to doubled its revenue versus a year ago in 2023. First it was EV, now it’s AI, and the next buzz word for Wall Street will likely be “Quantum”, says Sylvia Jablonski. She’s the chief executive of Defiance ETFs.Why is she bullish on quantum computing?Jablonski sees quantum computing as the “next-gen innovation” as it’s crucial for artificial intelligence to “work efficiently”.AI relies on huge sets of data to fully benefit industries as expected – an...
Image Source: UnsplashWhile the total annihilation of the Francis Scott Key Bridge in Baltimore probably isn’t a “Black Swan” big enough to trigger a global collapse, it adds potent fuel to several fires in an already fragile global economy.Broad expectations are for most of the economic fallout to remain local to the surrounding area and Mid-Atlantic states, with Maryland alone estimated to lose $1 billion in value from the disaster. Most economists don’t expect national GDP to take any significant hit, despite the local challenges — but as Maryland’s Senate President Bill Ferguson posted to X after the crash of the Dali: Ov...
Image Source: UnsplashQ1 macro was characterized by a vast divergence between ‘soft’ surveys crashing as ‘hard’ data drifting higher…Source: BloombergThe strong ‘hard’ data – and sticky inflation – along with endless jawboning, drove rate-hike expectations drastically lower in Q1. 2024 expectations for The Fed crashed from almost seven cuts to less than three…Source: Bloomberg…and stocks did not even blink!Source: BloombergWith the S&P 500 surging to its best start to a year since 2019 (outperforming Nasdaq)…Source: BloombergThat’s the 5th green month in a ro...
Image courtesy of 123rf.com Kerrisdale Capital has recommended a unique investment strategy involving Bitcoin and MicroStrategy (Nasdaq: MSTR) shares. The investment firm suggests going long on Bitcoin while shorting MicroStrategy shares, anticipating that the premium at which MicroStrategy often trades due to its Bitcoin holdings might contract, as it has in the past. Hedge Fund Claims MicroStrategy’s Premium Cannot Be Sustained and ‘Leverage Cuts Both Ways’ MicroStrategy is often considered a proxy for Bitcoin due to its strategic decision to hold the cryptocurrency as a store of value and use debt to purchase more Bitcoin.Kerris...
Image Source: Pixabay Most investors are undoubtedly familiar with Automatic Data Processing (ADP). It does, after all: operate in 140 countries; has more than 1 million clients ranging from small businesses to large multi-national corporations for whom it provides Human Capital Management (HCM) and HR Outsourcing (HRO) services; and distributes payroll to more than 41 million people. There is no disputing that ADP is a high-quality company, and therefore, this post focuses on its valuation. Based on my analysis, I think ADP is overvalued. Business Overview ADP’s website and Part 1 Items 1A and 1B in the FY2023 Form 10-K provide the inform...
Image Source: Pexels If you’ve been following us we’ve been bullish on Bitcoin throughout 2023 and 2024 when it was going up. That’s after having been bearish on Bitcoin in 2022 when it was going down.Our last public post called out a Bullish Bitcoin target of 60,000 in December 2023 when Bitcoin was at about 40,000.After Bitcoin hit 60,000 we reset our target to 80,000.But with the fundamental, yes fundamental backdrop, there’s nothing stopping Bitcoin from going even higher.I wanted to respond to a short report that came out today on MicroStrategy (MSTR).Uh. Maybe they’re right and maybe they’re wrong, b...