Image Source: UnsplashIn the past week, American Airlines (AAL – Free Report), Southwest Airlines (LUV – Free Report), JetBlue Airways (JBLU – Free Report) and Hawaiian Holdings (HA – Free Report) released first-quarter 2024 results. While air travel demand was upbeat, high costs hurt results. First-quarter 2024 earnings-related updates were also provided in the previous week’s write-up. Recap of the Recent Most Important Stories 1 American Airlines’ first-quarter 2024 loss (excluding 14 cents from non-recurring items) of 34 cents per share was wider than the Zacks Consensus Estimate of a loss o...
Image Source: PexelsFinancially speaking, the markets have been all over the map in the past four years since the onset of Covid and the self-inflicted wounds from the forced economic shutdown. I went back to August 2020, five months after the festivities began, and pulled up some charts that show the price action since then for gold (money), wheat (food), crude oil (energy), and stocks (S&P 500). I will make some comments after each chart and provide observations at the end of the article. We’ll start with gold… Gold Prices (August 2020-April 2024) Peak prices for gold reached in August 2020 at or near $2000 oz. were not e...
Image Source: PixabayBank of America Head of Global Commodities Francisco Blanch says that copper stands alone as the one commodity that will benefit from the global energy transition. “You have a lot of renewables because you want to transition…you need to connect those renewables to the grid and you need to improve the grid and that takes a lot of copper,” he told Bloomberg Television. As a result, Blanch claims that copper will soar by at least 30% over the course of the next 12 months – and may potentially go even higher. Other industry experts agree, including Jeff Currie – a renowned economist and the former Global Head of C...
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Friday, April 26.Video Length: 00:15:17More By This Author:Financial Markets Report For Friday, April 26Metals Report For Thursday, April 25SPDR ETF Report For Thursday, April 25...
Image Source: UnsplashKering’s (PPRUY) profitability is firmly tied to the performance of it’s Gucci brand with Bloomberg reporting that Kering derives nearly 70% of its profitability from Gucci.Gucci is reported to be facing a problem of desirability and mass production even as it reports on slowing sales from China. Gucci is currently striving to reclaim its coveted status of “desirability,” a pinnacle pursued by all luxury brands. Its placement on the Lyst index, which monitors brands and products based on searches and mentions on social media, plummeted to as low as No. 12 in the third quarter of 2023, falling behind even small...
Image Source: PexelsWe are raising our rating on Goldman Sachs Group Inc. (GS) to “Buy” from “Hold” following 1Q results, which demonstrated the considerable strengths of the Goldman franchise during an investment banking upturn. The environment offered a few false rebounds in 2023, but the current surge appears to have staying power.Equity and debt underwriting showed good sequential improvement, and industry-wide announced M&A deal value in Q1 climbed in the high-teens year-over-year. That should produce improved revenues in the second half of the year.Data from SIFMA shows a triple-digit year-over-year rise in capital format...
Image Source: UnsplashFor those curious, owning a flamethrower is broadly legal across the United States, with Maryland being the exception, as the state has effectively banned these devices. In California, flamethrowers are legal but require a permit. With the legality all sorted out. What’s been making headlines this week is a Unitree Go2 quadruple robot equipped with a flamethrower. “Thermonator is the first-ever flamethrower-wielding robot dog. This quadruped is coupled with the ARC Flamethrower to deliver on-demand fire anywhere!” Throwflame, the company behind the robot flamethrower, wrote on its website. Calle...
This analysis provides insights into the Elliott Wave patterns observed in major Nasdaq stocks, including the Nasdaq 100, S&P 500, and key companies like Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), and Alphabet (GOOGL).Currently, we assess that the Wave (4) low may have been established across these indices, signaling a potential shift to a “Risk On” stance. This scenario suggests that building long positions in most technology stocks could be increasingly viable. However, the inherent risk lies in the possibility that Wave (4) may not yet be fully in place...
Image Source: PixabayAfter the previous week’s wave of selling, the S&P 500 came roaring back. What should we look for in terms of assessing “is it over” vs. “more downside to come” odds? In this week’s video we’ll review the latest charts and data to help us answer the question “after the bears get whipsawed: what does it mean for stocks?”Video Length: 00:21:25More By This Author:Are The Bears Back In Business?Will Overheating Kill The Bull? Buy And Hold Is Great Until...
Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Friday, April 26.Video Length: 00:15:23More By This Author:Metals Report For Thursday, April 25SPDR ETF Report For Thursday, April 25Financial Markets Report For Thursday, April 25...