Dollar Signs

Macy’s profits from wealthy shoppers, Kohl’s feels inflation pinch

Reuters | November 17, 2022

Market Recap U.S. equity markets were down sharply before the opening bell on mixed retail reports and continued lackluster guidance during earnings calls. The Dow was down over 300 points and the other indices were done similarly. In economic news, Initial Jobless Claims were fewer than expected, posting 222K vs 225k forecasted. Building Permits were up 1.526M vs. 1.512 […]

Lowe’s boosts 2022 profit view as price hikes, firm demand drive upbeat Q3

Reuters | November 16, 2022

Market Recap Markets opened slightly down Wednesday despite a 1.3% rise in Retail Sales for October. A mixed bag of earnings retail earnings reports fueled the negative sentiment in the markets. Target (TGT) shares fell 13% on a bad earnings miss, while home supply companies Lowe’s (LOW) +5.43% and Home Depot (HD) +0.63% posted positive results. Walmart (WMT) was up +0.71%. The Dow Jones […]

Factbox-How will EU ban on Russian crude affect oil flows?

Reuters | November 15, 2022

Market Recap Markets rallied on the opening bell on better-than-expected news on the economic front. The Producer Price Index (PPI) fell from 0.4% expected to 0.2%, signaling that wholesale prices are coming down. Last week the Consumer Price Index (CPI) was also down, which sent the Dow Jones Industrial Average rocketing over 1,000 points. The Dow gave up its […]

Soaring U.S. tech stocks leave some investors doubtful rebound will last

Reuters | November 13, 2022

By Lewis Krauskopf NEW YORK (Reuters) -Hopes that inflation is subsiding are fueling a surge in battered technology and megacap stocks, though some investors believe still-high valuations and doubts over the companies’ earnings outlooks may make a sustained reversal elusive. The tech-heavy Nasdaq Composite index rose 8.1% this week to notch its biggest weekly gain […]

Crypto markets in turmoil over FTX bankruptcy

Reuters | November 12, 2022

(Reuters) – Crypto exchange FTX filed for U.S. bankruptcy on Friday and Sam Bankman-Fried stepped down as CEO, after a liquidity crisis that has prompted intervention from regulators around the world. FTX, its affiliated crypto trading fund Alameda Research and about 130 other companies have commenced voluntary Chapter 11 bankruptcy proceedings in Delaware, FTX said. […]

Wynn resorts to open Gulf Arab’s first casino at Ras Al Khaimah resort

Reuters | November 10, 2022

Market Recap Markets skyrocketed Thursday on a better-than-expected CPI report, fueling speculation that the Fed might ease interest rate hikes. The Dow climbed over 1,000 points (+3.10%). The Nasdaq shot up over 6 percent with a 650 point rise. The S&P 500 (+4.59%) and Russell 2000 (+5.76%) were also in strong positive territory. European markets also notched impressive gains: The DAX (Germany) closed up 3.50% […]

Technical Analysis Patterns – Continuation Patterns

Cam White | November 10, 2022

What Is The Symmetrical Triangle The Symmetrical Triangle is a chart pattern that is recognized by the distinct shape created by two converging trend-lines. The pattern is identified by drawing two trend-lines that connect a series of sequentially lower peaks and a series of sequentially higher troughs. Both trend-lines act as support and resistance levels […]

The Best Swing Trading System in the World

Cam White | November 10, 2022

The Best Swing Trading System in the World During the last few months, I received over one hundred emails from traders asking me what the best swing trading system is and how they can purchase or create such a system for themselves. I thought I would write an article detailing this important topic so traders […]

Meta cuts 11,000 jobs as it sinks more money into the metaverse

Reuters | November 10, 2022

By Aditya Soni and Nivedita Balu (Reuters) – Meta Platforms Inc said on Wednesday it would cut more than 11,000 jobs, or 13% of its workforce, as the Facebook parent doubled down on its risky metaverse bet amid a crumbling advertising market and decades-high inflation. The mass layoffs, among the biggest this year and the […]

Kohl’s CEO Gass to leave for top job at Levi Strauss

Reuters | November 9, 2022

By Uday Sampath Kumar (Reuters) -Kohl’s Corp boss Michelle Gass is leaving to take the helm at Levi Strauss & Co amid renewed calls from activist investors for management changes at the struggling department store chain. Kohl’s said it would install Tom Kingsbury, a director nominated by hedge funds Macellum Advisors and Ancora Holdings, as […]

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