The past week was an eventful one for Apple, Inc (NASDAQ:AAPL), markued by a promising 1.6% rise on Friday. Apple’s stocks are steering a robust course, in line with the rising channel pattern. This bullish trend has been apparent at least for the short-term. Understanding the Inside Bar Pattern During this time, Apple…
The price of spot gold recorded a marginal decrease of 1.25% on Thursday, an outcome largely attributed to the publication of preliminary estimates data by the U.S. Bureau of Economic Analysis. The data disclosed a growth of 2.4% on an annualized basis in the U.S. economy during the second quarter of 2023. Further,…
Options trading data for Morgan Stanley (NYSE:MS) suggests a sizable investor has adopted a bearish perspective on the financial giant. A closer examination of the trading history reveals 11 unusual trades. In these unusual trades, it’s clear that investor sentiment is divided – 36% of investors appear bullish, initiating optimistic trades, while the…
Domino’s Pizza Inc (NYSE:DPZ) announced its Q2 FY23 financial results with some hits and misses, amid a sales drop of 3.8% YoY, totaling $1.02 billion. This figure came up short against the expected analyst consensus of $1.07 billion. The reported sales decline largely stemmed from a drop in supply chain revenues, as…
Tesla Inc.’s highly-anticipated vehicle, the Cybertruck, has been creating quite a stir as its introduction to the market draws near. Esteemed Bloomberg news anchor, Jon Erlichman, recently tweeted his insights on the forthcoming launch, indicating that the Cybertruck might potentially propel Tesla’s business to the tune of $30 billion. However, he also…
The American banking sector is facing a significant challenge. An astonishing $78 billion made a swift exit from U.S. bank accounts during the week of July 5 to 12, according to recent Federal Reserve Economic Data. An Industry Leader Speaks Out Jamie Dimon, the CEO of JPMorgan Chase, vocalized concerns over this…
In the midst of the AI-driven technology stock surge of 2023, Elon Musk’s Tesla Inc. (NASDAQ:TSLA) has been enjoying quite a ride. However, the company’s inflated valuation is raising eyebrows in some quarters. The investment research firm New Constructs, led by its CEO David Trainer, proposes a startling analysis: according to them, the valuation…
In the high-stakes world of big-time investors, a high roller has chosen to gamble on a downward trajectory for Cisco Systems. A thorough analysis of Cisco Systems’ (NASDAQ:CSCO) options trading history unveils a series of 18 unusual transactions. A closer examination of these trades reveals a nearly even split in market sentiment—44% of…
(This July 13 story has been corrected to fix the spelling of ‘Kalpana Kotagal’ in paragraph 2) By Daniel Wiessner (Reuters) – The U.S. Senate narrowly confirmed President Joe Biden’s nominee to the agency that enforces workplace bias laws, giving Democrats a majority on the five-member panel that would allow it to enforce pro-worker polices…
There’s something extraordinary happening down at the Kennedy Space Center in Florida. Amazon (NASDAQ:AMZN), an e-commerce titan, has made its debut into the starry expanses of space, initiating its grand Project Kuiper. With an awe-inspiring investment of $120 million, Amazon has embarked on an endeavor that aims to interlink our world in ways…
