Here is what you need to know on Friday, August 12: The risk rally that was fueled by the soft US inflation data mid-week lost its steam and the market action turned choppy ahead of the weekend. The US Dollar Index moves sideways in a narrow channel above 105.00, the 10-year US T-bond yield holds… Read More »
Disney Parks division leading from the front. ESPN+ subscribers rose 53% from a year ago. The company added 14.4 million Disney+ subscribers. An 8% gap up to start Thursday’s session should tell you everything you need to know about how investors are feeling about Disney (NYSE:DIS) right now. The home of Mickey Mouse released its… Read More »
Here are five stocks that Warren Buffett has been buying in his Berkshire Hathaway firm. Warren Buffett and Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) spent more than $40 billion this year buying large chunks of several companies’ shares after keeping their powder dry during the height of the COVID-19 pandemic. Over the last several years, low volatility and a… Read More »
Here is what you need to know on Thursday, August 11: The US Dollar Index (DXY), which tracks the greenback’s performance against a basket of six major currencies, lost more than 1% on Wednesday after the data from the US showed that annual inflation declined to 8.5% in July from 9.1% in June. DXY stays… Read More »
In recent weeks, the discussion about the effectiveness of Western sanctions against Russia has increased. Strategists at Commerzbank come to four main conclusions. Success or failure? “The Russian sanctions imposed by the EU and other Western countries do not lead to a collapse of the Russian economy. But they can be expected to significantly harm… Read More »
In comparison with perceived market-leader SpaceX, Rocket Lab USA’s (NASDAQ: RKLB) valuation is underwhelming. Given its $2.5 billion market capitalization, Rocket Lab is eclipsed by the $127 billion SpaceX. However, analysts believe that assessing Rocket Lab’s true worth warrants a look beyond its immediate financial results and into the pieces it is adding to the… Read More »
Trying to pick the bottom in the Deliveroo share price has proved to be a thankless task over the last 12 months, with the shares dropping below 100p in May in the aftermath of their Q1 numbers, pushing the shares even further away from their IPO price of 390p back in April 2021. Today’s H1… Read More »
Here is what you need to know on Wednesday, August 10: Major currency pairs are struggling to make a decisive move in either direction as market participants remain on the sidelines while waiting for the US Bureau of Labor Statistics to release the July inflation report. The market mood remains cautious early Wednesday with the… Read More »
Ralph Lauren (NYSE:RL) and brands like Levi Strauss (NYSE:LEVI) and Calvin Klein parent PVH Corp (NYSE:PVH) are winning in the retail wars for two reasons. The first is a well-loved brand, the second is a push into direct-to-consumer sales and eCommerce. The combination has the company set up to outperform most others in the industry… Read More »
Here is what you need to know on Tuesday, August 9: The market action remains relatively subdued on Tuesday as investors refrain from making large bets ahead of Wednesday’s Consumer Price Index (CPI) data. The US Dollar Index (DXY) fluctuates in a narrow range above 106.00, US stock index futures stay flat in the European… Read More »
