TALKMARKETS IN THE SPOTLIGHT
Current Analysis: PT Astra International
Article By:
Fredrik Arnold
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Thursday, May 2, 2024 9:50 PM EDT
PT Astra International Tbk is an Indonesia-based conglomerate of companies. Over the past year, PT Astra’s share price fell about 30% from $9.09 to $6.38 as of Thursday’s market close.
In this article: PTAIY
Canada’s Trade Performance Is A Drag On The Economy
Article By:
Norman Mogil
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Thursday, May 2, 2024 3:00 PM EDT
Roughly, one-third of Canada’s GDP comes from the external sector, and so when that sector stumbles, the rest of the economy will do the same.
In this article: EWC
Déjà Vu: Cannabis Stocks Soared 35%, On Average, Tuesday - Here's Why
Article By:
Lorimer Wilson
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Thursday, May 2, 2024 11:29 AM EDT
Cannabis stocks jumped 35%, on average, Tuesday with news that the DEA plans to follow a recommendation that would de-classification marijuana to a less stringently regulated Schedule III drug that can be prescribed with a prescription.
Exploring The 3 Prominent Crypto Trends Post Halving
Article By:
Anes Bukhdir
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Thursday, May 2, 2024 7:15 AM EDT
Bitcoin halving events trigger market shifts & investor behavior. Explore post-halving trends & navigate the evolving crypto landscape for informed decisions.
In this article: BITCOMP
Total Market Cap In Deep Corrective Retracement
Article By:
Gregor Horvat
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Thursday, May 2, 2024 6:47 AM EDT
Crypto currencies are in a pullback, and they may not find any support until dollar turns down with US yields.
The Canadian Cannabis Report- Monday, April 29
Article By:
James Coleman
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Thursday, May 2, 2024 6:12 AM EDT
The past, present and future of the Canasian cannabis sector, based on the performance of the MCCCI, which is a proprietary indes of 14 stocks.
In this article: CRON
Current Analysis: Kingfisher
Article By:
Fredrik Arnold
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Thursday, May 2, 2024 5:49 AM EDT
Over the past year, Kingfisher’s share price fell about 4.64% from $6.47 to $6.17 as of Wednesday’s market close.
In this article: KGFHY
Thoughts For Thursday: Lingering Inflation
Article By:
David Marshall
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Thursday, May 2, 2024 4:14 AM EDT
The Fed had expected to lower interest rates by now, but according to Chairman Powell, inflation is sticking around longer than expected and therefore higher rates will stick around longer, too.
Market Briefing For Thursday, May 2
Article By:
Gene Inger
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Thursday, May 2, 2024 2:45 AM EDT
The Fed wants to be in a position to 'eventually' cut rates, so they're not sounding 'too' hawkish. This Fed is not really acknowledging how foggy this is with regard to inflation.
In this article: OIL
April Recap: Small Cap AI Stocks Portfolio Dropped 23%
Article By:
Lorimer Wilson
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Wednesday, May 1, 2024 11:13 PM EDT
All 54 constituents in the 7 AI category portfolios tracked by munKNEE declined in April so it is no surprise that such weakness was also the case with the 10 stocks in the Small Cap AI Stocks Portfolio.
Share Price Of Alvotech Up 28%
Article By:
Hallsteinn Arnarson
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Wednesday, May 1, 2024 7:48 AM EDT
In my prior post from early April, I mentioned that I was closely watching if the OMXIPI and OMXI15, the two main benchmarks for the Icelandic stock market, are in the process of reversing their long-term trends from down to up.
Market Briefing For Wednesday, May 1, 2024
Article By:
Gene Inger
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Wednesday, May 1, 2024 3:08 AM EDT
Equilibrium was lost when an earnings-based reflex rebound restored S&P to around the 50-Day Moving Average, and then Tuesday simply worked into a more notable sell-off.
Nasdaq Financial 100 Index Has Surpassed An Important Swing High
Article By:
Hallsteinn Arnarson
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Tuesday, April 30, 2024 10:40 PM EDT
The Index has risen above the January 2023 peak.
In this article: NDX
Current Analysis: International Paper
Article By:
Fredrik Arnold
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Tuesday, April 30, 2024 8:00 PM EDT
International Paper (IP) manufactures packaging products and cellulose fibers. Over the past year, International’s share price increased about 5.58% from $33.11 to $34.96 as of Tuesday’s market close.
In this article: IP
April Recap: Canadian Cannabis LP Portfolio Jumped 8%
Article By:
Lorimer Wilson
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Tuesday, April 30, 2024 11:40 AM EDT
Constellation Brands has a 39% stake in Canopy but has announced that it has converted its stake in Canopy to a new category of shares which will result in an overall reduction in debt on the Canopy's balance sheet in the amount of C$100 million.
Tuesday Talk: Market Stays Up Awaiting FOMC Meeting
Article By:
David Marshall
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Tuesday, April 30, 2024 5:09 AM EDT
The likelihood of any reduction in interest rates is low as the market awaits the commencement of the upcoming FOMC meeting. CME data shows that 97.3% of respondents believe that rates will stay the same.