The financial sector has been performing well recently, with major institutions like JPMorgan Chase and Wells Fargo reporting strong earnings. However, markets can be unpredictable, as seen in a recent mean reversion trade on Alibaba. Now, I am looking at a potential mean reversion trade on JPMorgan, with indicators showing a potential trend shift. I…
Former U.S. President Donald Trump’s media company, Trump Media & Technology, saw a rise in its stock on Election Day, as traders speculated that a potential second Trump presidency would benefit the company. The stock, trading under the ticker DJT, is also seen as a gauge of the Republican candidate’s chances of winning the White…
Traders on the New York Stock Exchange are preparing for the high-stakes U.S. presidential election, with stock futures showing little change overnight. The Dow Jones Industrial Average futures added 20 points, while S&P 500 and Nasdaq-100 futures inched higher. Palantir saw a 13% jump in overnight trading due to strong quarterly results, while NXP Semiconductors…
This year’s market has been unusual, with high returns on the S&P 500 despite election uncertainty. Strong tech earnings have been a key factor in the market’s performance. The economy and earnings remain resilient, contributing to the market’s success. The election is a wildcard, causing volatility to remain high. Despite strong earnings, rising bond yields…
Traders on the NYSE are keeping an eye on stock futures, which dipped overnight as the U.S. presidential election approaches. The Dow Jones, S&P 500, and Nasdaq futures all saw declines. Despite a strong start to November, with tech stocks boosting the market, uncertainty around the election results is causing volatility. The market is also…
TGI Fridays, a popular American casual dining chain, has filed for Chapter 11 bankruptcy protection due to financial challenges exacerbated by the COVID-19 pandemic and a failed deal with UK-based Hostmore. The company, privately owned by TriArtisan Capital Advisors, operates 39 domestic restaurants and is committed to maintaining operations. The restructuring aims to optimize corporate…
The holiday shopping season is here, and retail stocks like Amazon, Costco, Best Buy, and TJX Companies are expected to do well, according to Telsey Advisory Group. The firm predicts that value-seeking shoppers will be a key theme this year, with a focus on good deals. Overall, holiday retail sales are expected to increase between…
Voters in the U.S. are heading to the polls for a close presidential race between Kamala Harris and Donald Trump, causing some uncertainty among business leaders. Executives at S&P 500 companies are discussing the election more than in recent cycles, with many mentioning the word “election” on earnings calls. Companies are cautious due to election…
Nvidia’s CEO, Jensen Huang, recently spoke at the launch of the new AI supercomputer Gefion in Denmark, showcasing the company’s continued success in the semiconductor industry. Nvidia’s market cap has grown to $3.3 trillion, with shares soaring over 170% in 2024. The company’s revenue has more than doubled in the past five quarters, driven by…
Job creation in October slowed significantly, with nonfarm payrolls only increasing by 12,000, the smallest gain since late 2020. The unemployment rate remained at 4.1%, but a broader measure including discouraged workers remained at 7.7%. The impact of storms and a labor impasse, including a strike at Boeing, contributed to the weak numbers. Despite the…