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NASDAQ might be headed for a short term down movement. The below the expectations Service PMI, combined with the low Manufacturing PMI from last week still suggest that the growth of US economy is slowing. The uncertainty about the economic outlook ahead of next week’s Fed meeting is also pulling the investors out of the market. On the technical side, the graph...

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GOLD finished on 6% low last month. That move was due to several factors, but the biggest influence had the rise of the value of the dollar: due to the uncertainty of the debt ceiling deal and the possibility of technical default of the US government, the yield of the US debt instruments increased, which stopped the GOLD rally , since it is a non-yield...

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Volkswagen plans to focus solely on profitability amid cutthroat competition from the Chinese automakers. Volkswagen said it would not participate in the discount battle like its Chinese competitors. Instead of expanding its market share and sales volume, the German carmaker plans to leverage its strong market position to build a sustainable business. The...

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General Motors, a multinational corporation based in the United States, was the leading automobile company for 77 years until Toyota surpassed it in 2008. Despite this, GM has consistently ranked among the top 15 companies on the Fortune 500 list, and recently moved up from No. 8 to No. 5. With operations in eight countries and four brands, GM is also involved in...

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The dollar index fell 0.41% to 103.93, with the highest since March 20 at 104.54, after rising 0.1% yesterday, the sixth profit in a row, marking the longest such streak of daily gains this year amid high pricing for another Fed rate hike in June. Following such data and bullish remarks by Fed officials, chances of a 0.25% Fed rate hike in June rose from 40% to...

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Anheuser - Busch Inbev started reverse capitalization of their last marketing adventure, and the controversial directions taken by the head of marketing caused a single red day to erase nearly $4 billion market cap. Unfortunately for BUD that was not just a single-day event, the decline is still going down on a steep angle. The vacation season in the US already...

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What is hot on the speculative news regarding crypto, RIPPLE is covering some good grounds. Speculations have emerged regarding a potential XRP settlement, and according to Brad Garlinghouse, the outcome is expected to be revealed in the upcoming weeks. Regardless of the final decision, this moment is significant for cryptocurrency regulations and categorizations...

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Guess? Inc., ticker symbol GES, released its first-quarter fiscal 2024 results, surpassing market estimates for both revenue and earnings. However, compared to the previous year, both metrics experienced a decline. The company's international business exhibited strength during the quarter. This, coupled with solid product margins and effective cost-control...

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Snowflake on Wednesday reported first-quarter earnings that topped Wall Street expectations, but the company's product revenue outlook missed views amid slowing growth for cloud computing partners. The revenue climbed 48% to $623.6 million, the software maker said. Analysts had predicted revenue of $609.7 million. SNOW stock plunged 12.5% to near 155 in extended...

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Zoom Video Communications (ZM) is facing tougher competition and slower growth now that the COVID-19 pandemic is over. Their success in the corporate market will determine their revenue growth and stock outlook. Zoom's stock has declined by 2% in 2023 and dropped by 63% in 2022 due to a slowdown in revenue growth. Although Zoom reported better-than-expected...

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Costco Wholesale Corporation (COST) is expected to report strong third-quarter fiscal 2023 results on May 25 after the closing bell. Several key factors contribute to Costco's positive performance, including its effective growth strategies, efficient price management, steady membership trends, and expanding e-commerce business. By offering products at discounted...

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The hopes on the market are up, after both NASDAQ and S&P 500 rose through the day. Investors were concentrated in high-growth stocks and there was an optimism regarding debt ceiling deal being reached soon. Other factors that were influencing the upward movement of the market were better-than-expected earning reports, slowing down of the aggressive rate-hike...

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After an impressive uprise, Gold pulled back below 2000 USD mark and currently remains there. Fed is notig that given the resiliance of the inflation, the interest rates should continue to rise, until the inflation is in acceptable levels. The rise of the value of the dollar had put some pressure on the yellow metal, taking it out of the bullish range that was...

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Crude oil prices consolidate around 68 and 77 dollars per barrel, remaining below the heights of March and April. The risk of downside movement is fueled by the slow recovery of China and their slow demand increase, higher interest rates on demand and uncertainty around US economy. On the other hand, if the prices dip too low, the countries of OPEC+ will be fast...

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Natural gas is increasing in value due to several factors: the unprecedented wildfires in Canada that are ravaging the country and are disrupting the production throughout the province of Alberta; Reuters also reports that Russian pipeline exports had declined 11.4% this month compared to April’s average, putting an additional hold to the fuel supply. The RSI is...

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The weak trade and inflation data from China further casts doubt on the ability of fast economical recovery of the country after COVID. This puts a rench in OPEC's forecast that China will drive the demand for crude oil to record high. The technical indicators are also confirming the downtrend, with MACD histogram being below 0 and RSI under 50 neutral...

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The price of WTI fell with 1.15 USD last trading day, due to expectations by investors that Fed will keep increasing the interest rate. US CPI had risen in April and is suggesting that the interest rates will remain high. Nearly 3M barrels oil inventory growth, weaker imports in April and slow export growth to China are putting additional downward pressure to...

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Gold remains a save heaven amidst slowed economic growth of USA and debt uncertainty and concern regarding unprecedented US default keeps investors' interest on the yellow metal. The price is now trading steadily above 2000 USD per ounce and it is forming a support at that level. Both MACD and RSI indicators are confirming the bullish scenario as well. If this...