Category: point
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Helium’s 158% rally may be nearing a turning point
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Helium (HNT) stock has gained 158.15% since the beginning of July, showing a strong uptrend. The main question now is whether Helium stock will continue its upward trend or if there will be a pullback on the horizon. While the rally in Helium (HNT) stock has been exciting, it could…
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Brinker International gains after KeyBanc calls out a compelling entry point (NYSE:EAT)
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Sanville Brinker International (New York:EAT) rose in early trading Thursday after KeyBanc Capital Markets upgraded the restaurant’s stock to an Overweight rating. The company sees a compelling entry point for investors after the stock’s double-digit decline following Brinker Earnings report. “We believe Brinker’s Q4 2024 results are underwhelming and deserve…
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S&P 500, Nasdaq futures point higher with key inflation data looming
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U.S. stock futures were mostly higher on Tuesday as Wall Street prepared for key inflation data. Futures tied to the S&P 500 (ES=F) rose 0.2%, while futures tied to the tech-heavy Nasdaq (NQ=F) rose 0.3%. Dow Jones Industrial Average (YM=F) futures hovered just below flat. Investors are awaiting a slew…
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About that 75 basis point emergency cut…
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Jeremy Siegel, a Wharton professor and frequent commentator on markets, caused a stir on Monday when he called for an urgent 75 basis point interest rate cut as markets collapsed. He then doubled down on his position by calling for another 75 basis point cut in September “at a minimum.”…
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Citigroup forecasts 50 basis point cuts in September and November
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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JPMorgan joins the 50 basis point cut call
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JPMorgan CEO Jamie Dimon recently reiterated his belief that inflation is still a problem, but his economic team disagrees. They have now joined Citigroup in calling for consecutive 50 basis point rate cuts in September and November to kick off a rate-cutting cycle. “We now believe that the FOMC will…
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2 Key Indicators Are Flashing That Could Point to a Major Stock Market Move
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For thousands of years, humans have tried to interpret signs in an attempt to know what the future holds. Star gazing, palm reading, tarot cards, and tea leaves are just some of the methods used. Such efforts are considered superstitious by many investors today. However, some investors believe that certain…
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Check Point becomes Israels most valuable company
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Wall Street investors have responded positively to the appointment of Nadav Zafrir as the new CEO of the veteran Israeli cybersecurity company. Wall Street investors responded positively to the appointment of Nadav Zafrir as the new CEO of Check Point Software Technologies Co., Ltd. (NASDAQ: CHKP), where the stock is…
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Big banks poised for multi-year inflection point, Wells Fargo’s Mike Mayo says (NYSE:STT)
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yongyuan Big banks’ second-quarter earnings support the case that the sector is “at a multi-year inflection point from negative to positive growth in revenue, operating leverage, and earnings per share growth,” says Wells Fargo analyst Mike Mayo. The “five Ps” – central banks, capital markets, costs, credit, and capital –…
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Big banks poised for multi-year inflection point, Wells Fargo’s Mike Mayo says (NYSE:STT)
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yongyuan Big banks’ second-quarter earnings support the case that the sector is “at a multi-year inflection point from negative to positive growth in revenue, operating leverage, and earnings per share growth,” says Wells Fargo analyst Mike Mayo. The “five Ps” – central banks, capital markets, costs, credit, and capital –…
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Mainstream Media Bias Is Bad, But Will Only Get Worse From This Point On
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I returned to social media after a week away in the country, only to find my timeline filled with news of the attempted assassination of Trump. The first thing that came to my mind after noticing my perfect timing was:Let me see how CNN handles this.“ And the first thing…
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Mainstream Media Bias Is Bad, But Will Only Get Worse From This Point On
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I returned to social media after a week away in the country, only to find my timeline filled with news of the attempted assassination of Trump. The first thing that came to my mind after noticing my perfect timing was:Let me see how CNN handles this.“ And the first thing…
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Nvidia is poised to surge another 16% as signs point to ‘exceedingly robust’ demand for its next-gen Blackwell chip, UBS says
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Slaven Vlasic/Getty Images for The New York Times; Chelsea Jia Feng/PI Nvidia’s stunning stock rally could continue to $150 per share, UBS said. Recent supply chain checks show “very strong” demand for Nvidia’s next-generation chips, the bank said. Nvidia’s potential EPS of $5 in 2025 would give it a valuation…
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US jobs report for June is likely to point to slower but still-solid hiring
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Breadcrumbs Path Links PMN Business Article author: Associated Press Paul Wiseman Posted on July 05, 2024 • Read for 4 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content WASHINGTON (Reuters) – The U.S. labor market likely slowed…
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Fed’s Bowman: We’re not at a point yet to consider a rate cut
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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Fed’s Bowman: not yet at the point where it is appropriate to cut rates
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We have not yet reached the point where it is appropriate to lower interest rates. If the data shows that inflation is moving sustainably to 2%, a gradual rate cut will eventually become appropriate. Baseline expectations remain that inflation will return to 2% with interest rates remaining steady for some…
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Dogecoin Bears Return: Indicators Point To More Losses In DOGE
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Dogecoin started another decline from the $0.1285 resistance area against the US Dollar. DOGE is strengthening and may resume its decline below $0.1220. DOGE price is moving lower below the $0.1250 support area. The price is trading below the $0.1250 level and the 100 hourly simple moving average. There is…
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UK polls point to ‘electoral extinction’ for Prime Minister Sunak’s Conservatives By Reuters
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By David Milliken LONDON (Reuters) – Three British opinion polls published late on Saturday presented a bleak picture for Prime Minister Rishi Sunak’s Conservative Party, with one pollster warning that the party faces “electoral extinction” in the July 4 election. The polls come in the middle of the election campaign,…
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Euro fallout remains a focus point before the weekend
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The dollar showed great resilience in trading yesterday, despite setbacks caused by a weak Producer Price Index report and weekly jobless claims data. The strong showing at the 30-year Treasury auction may have highlighted some of the larger flows in the markets, with traders shifting their allocations from Europe to…