Thu, March 28, 2024

News

Domino Pizza

Domino’s Stock Hits 52-Week High, Up 8.32% in a Week

Quick Look: Domino’s stock surges by 8.32% over the past week, hitting a new 52-week high of $480.94 Analysts elevate Domino’s Pizza to a Moderate Buy, with a revised average price target of $441.79 Robust quarterly earnings with an EPS of $4.48, surpassing estimates Domino’s Pizza Inc (DPZ) has recently carved out a noteworthy chapter …

Domino’s Stock Hits 52-Week High, Up 8.32% in a Week Read More »

Coffee

EU Rules And Drought Drop Coffee to $188, Down 7.7%

Quick Look: The coffee market consolidates amid regulations, environmental worries, and supply uncertainties, reflecting recent price declines. EU rules target deforestation, affecting coffee imports, prompting potential circumvention, signaling trading sustainability shifts. Droughts in Vietnam and Brazil hinder production, despite Brazil’s rise, affecting global coffee supply. Bullish patterns hint at price rebound during consolidation, while legislation …

EU Rules And Drought Drop Coffee to $188, Down 7.7% Read More »

MacBook Pro New Features and Impressions. GoFetch

GoFetch Discovers Vulnerability in Apple M-Series Chips

Quick Look: Apple’s M-series chips have a GoFetch vulnerability, found by researchers, risking millions of devices and raising global cybersecurity concerns. GoFetch exploits chips’ data-dependent prefetcher, letting attackers extract sensitive data through side-channel attacks, a complex issue. Institutions’ collaboration exposes GoFetch’s complexity, comparing it with Augury, showing the evolving microarchitectural exploits’ seriousness. Apple responds with …

GoFetch Discovers Vulnerability in Apple M-Series Chips Read More »

GBP/USD: British pound sterling coins.

GBP/USD Dives Below 1.27: BoE’s Dovish Shift Shakes Markets

Quick Look: GBP/USD fell over 100 pips, dropping below 1.2700 after the Bank of England’s dovish signals. Bank of England (BoE) maintains interest rates above 5% with a cautious outlook amid global uncertainties. UK inflation falls, offering BoE policy flexibility, while US durable goods orders show improvement. In the intricate world of forex trading, the …

GBP/USD Dives Below 1.27: BoE’s Dovish Shift Shakes Markets Read More »

dollar, usd/cad-american-canadian-dollars

USD/CAD Eyes 1.3600 Amid Market Volatility

Quick Look: USD/CAD rebounds near 1.3590, aiming for a recovery after recent dips. Speculation arises on USD/CAD’s potential to test the 1.3600 mark, influenced by crude oil dynamics and market sentiment. Recent downturns in WTI oil prices and remarks from the Bank of Canada (BoC) highlight significant economic challenges. The USD/CAD pair currently hovers near …

USD/CAD Eyes 1.3600 Amid Market Volatility Read More »

Investors and value stocks, super micro

Super Micro: Poised for 18% Stock Surge by Dec 2024

Quick Look: JPMorgan initiates coverage on Super Micro Computer Inc. with an “overweight” rating. Predicts stock price to climb 18% to $1,150 by December 2024. Super Micro aims to capture 10%-15% of the AI server market, which is set to expand to $283 billion by 2028. Quarterly earnings beat estimates with $5.59 EPS and $3.66B …

Super Micro: Poised for 18% Stock Surge by Dec 2024 Read More »

bank of france

France’s Fiscal Path 2023-2027: Deficit & Growth

Quick Look: France’s public deficit climbed to 5.5% of GDP in 2023, beyond the set target of 4.9%. The French government sets a reduction target for the deficit to less than 3% by 2027. Macron’s visit to Brazil emphasizes strengthening economic ties, focusing on green investment and defence cooperation. Amidst the global recovery phase, the …

France’s Fiscal Path 2023-2027: Deficit & Growth Read More »

Close up industrial view of oil refining. canola

Managed Money Traders Cut Canola Shorts by 11k

Quick Look: The Canola market sees a notable shift in trader activity based on the mid-March report. Managed money net short position in oil futures drops, indicating changing sentiment. Canola market’s open interest increases, signalling more engagement and optimism. Prices spike mid-March due to short covering and bullish signals; overbought conditions emerge. The Canola market …

Managed Money Traders Cut Canola Shorts by 11k Read More »

NZD/USD - NZD USD digital trading chart.

NZD/USD Nears 0.6000 Amid Global Economic Shifts

Quick Look: The NZD/USD hovers around 0.6000 during Tuesday’s early Asian session. The US Dollar Index (DXY) is above 104.00, recently retreating from peaks. US PCE data, New Zealand ANZ Business Confidence, and other key reports ahead.  Recent US economic data have painted a picture of an economy experiencing nuanced shifts. February saw new home sales dip …

NZD/USD Nears 0.6000 Amid Global Economic Shifts Read More »

AUD/USD - The Greenback: US dollar and Australian dollar banknotes.

AUD/USD Rises 0.41% Amid Economic Uncertainty

Quick Look: AUD/USD  current exchange rate at 0.6539, marking a +0.41% gain on Monday. Positioned below the 200-DMA, indicating a cautious outlook. Investor sentiment sways between global economic events and central bank decisions. The AUD/USD exchange rate notched a modest gain of +0.41% on Monday as the pair settled at 0.6539. Although seemingly minor, this …

AUD/USD Rises 0.41% Amid Economic Uncertainty Read More »

Fedex

FedEx Soars with $5B Buyback & $350 Price Target

Quick Look: Oppenheimer reaffirms FedEx stock rating, while Barclays boosts target price to $350.00. FedEx announces a quarterly EPS of $3.86, surpassing estimates, and initiates a $5.00 billion stock repurchase plan. Corporate insiders and institutional investors show strong confidence in FedEx, owning a significant portion of the stock. Recent movements in analyst ratings and price …

FedEx Soars with $5B Buyback & $350 Price Target Read More »

Chip industry

U.S.-China Chip War: Sanctions and Semiconductor Supremacy

Quick Look: The U.S. signals new sanctions on China’s chip sector, deepening economic tensions. Huawei’s alleged ties with the Chinese government spark a semiconductor supremacy battle. U.S. adopts a “high fence, small yard” strategy, investing $52B to bolster the semiconductor industry. China counters with a $178B semiconductor surge, raising global alarms about a potential glut. …

U.S.-China Chip War: Sanctions and Semiconductor Supremacy Read More »

Wibest – Yen exchange rate: USD and JPY bills.

USD/JPY Dips 0.13% Amid BoJ’s Rate Shifts

Quick Look: The USD/JPY pair experienced a slight decline, with fluctuations highlighting market volatility. Bank of Japan’s shift from negative interest rates to a potential rate hike signals a new direction. Upcoming U.S. economic data and Fed commentary are pivotal for interest rate trajectory. The USD/JPY pair‘s journey through the forex market landscape provides a …

USD/JPY Dips 0.13% Amid BoJ’s Rate Shifts Read More »

swiss franc and U.S. dollar - USD/CHF

USD/CHF Neutral, Eyes on 0.9243 Cap

Quick Look: USD/CHF exhibits a neutral stance, attracting attention from traders and analysts. Recent technical indicators suggest a potential trajectory shift, like MACD on the 4-hour strategy. A temporary top was established at 0.9019; robust support at 0.8838 indicates a potential rebound. The longer-term perspective shows the corrective pattern from the medium-term bottom, upside capped …

USD/CHF Neutral, Eyes on 0.9243 Cap Read More »