Short EURUSD 60 PIPS In the current market environment, there are indications that suggest a potential short opportunity for the EUR/USD currency pair. It's crucial to conduct thorough research and analysis before making any trading decisions, but here are some factors to consider:
Technical Analysis:
Look at the recent price action and identify key resistance levels that the EUR/USD pair has struggled to break above.
Use technical indicators such as Moving Averages, Relative Strength Index (RSI), or Bollinger Bands to assess the current market sentiment and potential overbought conditions.
Fundamental Factors:
Monitor economic indicators for both the Eurozone and the United States, such as GDP growth, inflation rates, and employment data.
Keep an eye on central bank policies and statements from the European Central Bank (ECB) and the Federal Reserve, as these can impact currency values.
Market Sentiment:
Analyze market sentiment through tools like the Commitments of Traders (COT) report to understand the positioning of large traders in the market.
Follow economic news and geopolitical events that may affect the Euro or the US Dollar.
Risk Management:
Establish a clear risk management strategy, including setting stop-loss orders and determining the size of your position relative to your overall trading capital.
Be prepared for potential volatility and have contingency plans in place.
Monitoring and Adjustments:
Regularly review your trade and stay updated on relevant market developments.
Be open to adjusting your strategy based on changing market conditions.
Nyse
ADOBE LONG 620 LONG 620 TP
Long Position:
Adobe has consistently demonstrated strong financial performance, driven by its leading position in the creative software and digital experience markets. The company's subscription-based model provides a reliable revenue stream, and its innovative product portfolio continues to attract a wide user base.
Key Points:
Earnings Growth: Adobe has shown impressive earnings growth in recent quarters, fueled by increasing demand for its creative cloud services. Positive trends in earnings can drive stock appreciation.
Subscription Model: Adobe's shift to a subscription-based model ensures a steady stream of recurring revenue. This stability may appeal to long-term investors seeking a reliable growth story.
Digital Transformation: Adobe is well-positioned to benefit from the ongoing digital transformation across industries. As businesses and individuals increasingly rely on digital tools for creativity and marketing, Adobe's products remain essential.
Innovation: Adobe consistently invests in research and development, ensuring a pipeline of new and improved products. The company's commitment to innovation may drive future revenue growth and market share expansion.
Fiserv: Ready for the descent 🛝Fiserv has retreated a little since last Thursday. We now consider the high of the turquoise-colored wave B to be in place and expect a sell-off to below $120 in order to complete the magenta-colored wave (E). A drop below the $130.74 mark should provide important downward momentum along the way. However, the 30% probable alternative still needs to be considered. This option would shift the high of the turquoise-colored wave alt.B slightly higher.
Unraveling the NYSE Enigma: The Matrix of US EconomyNavigating the Matrix: The US Economy's Fractal Future Unveiled
In the intricate dance between mathematical laws, global events, and the echoes of a 15-year financial cycle , the US economy stands at a crossroads. As financial analysts, we often find ourselves immersed in technical tools, resistance zones, and support levels, but perhaps it's time to step back and perceive the larger canvas.
Michael Burry's ominous warning about a potential stock market crash has shuffled the cards, prompting us to question not just if, but when. The unfolding narrative forces us to reconsider the true value of a safe-haven asset—Digital Gold, aka Bitcoin. Recent news, including the surge in Bitcoin's value and its best day since August 2023 , as reported by Reuters, signals a seismic shift in the global financial landscape, with giants like BlackRock entering the scene.
The emergence of a new world order, led by BRICS , alongside the strengthening of the Euro and the weakening of the USD, mirrors a plot that seems torn from Orwell's playbook. The question has transcended the realm of ETFs; it now echoes in the chambers of the world's financial future.
As we step into this unknown terrain, a confluence of factors shapes the economic narrative. Inflation, like a rising tide, threatens to engulf us. Interest rates, akin to a tempest, soar to new heights. The capital congestion in consumer hands, unaccounted for and potent, adds complexity. Blue-chip stocks skillfully sidestep taxes, while government structures weaken. Amidst this symphony of financial discord, the political instability of influential nations like Russia and Israel looms large, their ripples creating a butterfly effect on the American economy.
The matrix of economic forces is shifting, and the rules of engagement are evolving. In this amalgamation of financial philosophy and stark reality, we must decipher the patterns, anticipate the shocks, and navigate the unknown. The road ahead is uncertain, but one thing is clear—the US economy is on the brink of a profound transformation, and it's time to read between the fractals.
Unveiling $FVRR's Medium-Term Prospects Amidst Technical PatternNYSE:FVRR has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development. The price has reacted back after meeting the threshold at 21.72 after the break of the head and shoulders formation.
A significant penetation of $26.73 will again give new negative signals to the stock, while a break of the opposite side of the formation will be a strong positive signal. The stock is testing support at dollar $28.00 This could give a positive reaction, but a downward breakthrough of dollar $28.00 means a negative signal. Positive volume balance indicates that buyers are aggressive while sellers are passive, and strengthens the stock.
Key Ratings on Smartsheet (NYSE: $SMAR)Smartsheet (NYSE: NYSE:SMAR ) had its price target lifted by BMO Capital Markets from $50.00 to $52.00 in a research report report published on Friday morning, MarketBeat.com reports. The brokerage currently has an outperform rating on the stock.
Several other equities research analysts have also recently weighed in on SMAR. KeyCorp upped their target price on Smartsheet from $52.00 to $53.00 and gave the stock an overweight rating in a research note on Friday. Morgan Stanley reissued an overweight rating and set a $56.00 target price on shares of Smartsheet in a research report on Tuesday, October 3rd. Barclays lifted their price target on shares of Smartsheet from $45.00 to $50.00 and gave the stock an equal weight rating in a report on Friday, September 8th.
UBS Group initiated coverage on shares of Smartsheet in a report on Thursday, October 12th. They set a buy rating and a $60.00 target price on the stock. Finally, Needham & Company LLC reissued a buy rating and set a $57.00 target price on shares of Smartsheet in a report on Wednesday, September 20th.
Institutional Investors Weigh In On Smartsheet
A number of large investors have recently added to or reduced their stakes in SMAR. Castleview Partners LLC acquired a new stake in Smartsheet in the third quarter valued at approximately $39,000. Pacer Advisors Inc. acquired a new position in Smartsheet during the second quarter worth about $55,000. Newbridge Financial Services Group Inc. increased its stake in Smartsheet by 76.2% in the 2nd quarter.
Newbridge Financial Services Group Inc. now owns 1,630 shares of the company’s stock worth $62,000 after purchasing an additional 705 shares in the last quarter. Asset Management One Co. Ltd. purchased a new position in Smartsheet during the 2nd quarter valued at about $79,000. Finally, American International Group Inc. lifted its holdings in shares of Smartsheet by 23.3% during the 2nd quarter.
American International Group Inc. now owns 2,332 shares of the company’s stock valued at $89,000 after buying an additional 441 shares during the last quarter. 88.99% of the stock is owned by institutional investors and hedge funds.
Graham Holdings Co. (NYSE: $GHC) Meteoric RiseNYSE:GHC spiked in price yesterday to as high as 32.90 %. Can it maintain this momentum?
Graham Holdings Stock is trading above its 200-day simple moving average with the 50-day Moving average above the 200-day Moving Average.
NYSE:GHC is also trading near the top of its 52-week range with Investors pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
Pfizer (NYSE: $PFE) Stock SinksKey Takeaway
1. Shares of Pfizer tanked Wednesday as investors digested the subpar guidance, falling as much as 9% to below $26 in morning trading, hitting their lowest intraday share price since 2013. That’s the largest single-day drop for Pfizer since January 2009.
2. Pfizer said Wednesday it expects 2024 revenue to come in between $58.5 billion and $61.5 billion, representing roughly zero growth from 2023’s forecasts and coming in well below analysts’ average 2024 projected sales of $62.6 billion, according to FactSet.
3. Notably, Pfizer said it expects 2024 sales for its Covid products—Paxlovid pills and the Comirnaty vaccine—to be about $8 billion, a nearly 90% drop from the roughly $57 billion of revenue its Covid series brought in last year.
TAL Education Group (NYSE: $TAL) Pivotal PointsFundamental Analysis
TAL Education Group ( NYSE:TAL ) is a leading provider of after-school tutoring services in China, with a network of over 1,000 learning centers and 10,000 online courses. The company has been on a strong growth trajectory, with revenues increasing by 27.38% year-to-date and earnings per share (EPS) improving by 11.32% in the past three years.
The company also has a high gross margin of 54.62%, indicating its ability to generate profits from its core business.
NYSE:TAL has a bullish technical outlook, as it is trading above its 50-day and 200-day moving averages, indicating a positive momentum indicator (MACD).
NYSE:TAL has been on a strong uptrend since the beginning of 2023.
Waste Management: Breakout Attempt 💥🚪Waste Management stock is currently attempting to break the upper line of the pink trend channel. We expect it to do so within the framework of the turquoise wave 3, which should provide an important upward momentum that should also take the wave above the resistance at $175.98. As for the rest of the turquoise 5-wave move, the price should hold above this level and only complete the structure and thus the gray wave III at around $192. This bullish outlook is only hindered by the 27% chance of a break below the support at $149.71.
Hewlett Packard Solid Performance in FY 2023, Eyes AI GrowthHewlett Packard Enterprise (NYSE:HPE) reported strong performance in fiscal year 2023, with record-breaking non-GAAP diluted net earnings per share and free cash flow, according to the latest earnings call. The company's Intelligent Edge and HPC and AI segments, as well as the HPE GreenLake platform, drove its revenue and profit growth. HPE also raised its dividends for 2024 and expressed confidence in delivering value for shareholders in fiscal year 2024 and beyond.
Key takeaways from the call:
i. HPE achieved significant financial success in FY 2023, with its Intelligent Edge segment being the largest driver of revenue and profit growth.
ii. The company ended the year with its highest gross margin, highest operating profit, and highest annual revenue in four years.
iii. HPE's as-a-service orders grew 11% year-over-year in Q4, and cumulative as-a-service TCV reached nearly $13 billion.
iv. The company generated $2.3 billion in free cash flow in Q4 and $2.2 billion in FY '23, surpassing their guidance.
v. The company's FY '24 guidance includes 2% to 4% revenue growth in constant currency and a non-GAAP structural tax rate of 15%.
vi. HPE plans to increase its dividend by 8% in FY '24 and aims to return 65% to 75% of free cash flow to shareholders between FY '24 and FY '26.
HPE executives highlighted the strong demand for AI and the company's ability to capture it. The company's strategy is focused on driving top-line growth and expanding gross margins, with a non-GAAP gross margin of 34.8% in Q4. The company also reiterated its free cash flow guidance of $1.9 billion to $2.1 billion.
HPE's CEO, Antonio Neri, discussed the company's collaboration with NVIDIA (NASDAQ:NVDA) and their joint plan to win in different market segments. He highlighted HPE's unique software for running supercomputers and AI systems at scale, including technologies for checkpointing and networking interconnect. Neri also mentioned their machine learning development environment and the use of NVIDIA's AI enterprise software and GPUs.
HPE's revenue mix and the flexibility of its Gen 11 server, which can accept different processing units, were also discussed during the call. The company expects a quick recovery in its storage business in Q1, with improved revenue mix and moderation in operating expenses. The company's HP (NYSE:HPQ) Electra product experienced significant growth, although some revenue was deferred due to the subscription model.
The company expressed confidence in its strategic investments and innovation, which have led to revenue growth and increased profit. As a result, HPE plans to raise its dividend for 2024. The call concluded with Neri expressing wishes for a fulfilling year-end and holiday season.
Technical Analysis
HPE is trading in the middle of its 52-week range and above its 200-day simple moving average. Investors are still evaluating the share price, but the stock still appears to have some upward momentum. This is a positive sign for the stock's future value.
Snap (NYSE: SNAP) Shares Gain on Jefferies UpgradeSnap (NYSE:SNAP) shares rose more than 2% pre-market today after Jefferies upgraded the company to Buy from Hold and raised its price target to $16.00 from $12.00.
The most challenging times for the company seem to be over, and they see a pathway back to a mid-teens revenue CAGR over the next 3-5 years. The underperformance of Snap in the past, according to Jefferies, was largely due to the rebuild of their direct response (DR) advertising platform. This revamp led to a drop in revenue in the first two quarters of the year. However, recent developments suggest that the DR platform is starting to show positive trends.
Snap is well positioned to achieve a 15% revenue growth in fiscal 2024, marking a significant increase from around 0% in 2023.
Price Momentum
SNAP is trading near the top of its 52-week range and above its 200-day simple moving average.
What does this mean?
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
General Motors Surges on Dividend Boost, $10 Billion BuybackGeneral Motors (NYSE: GM) - shares powered higher Today after the carmaker updated its profit guidance following the United Autoworkers Union strike while unveiling plans to boost its quarterly dividend and buyback $10 billion in stock.
General Motors said the six-week UAW strike, which ended late last month, would clip around $1.1 billion from the group's bottom line, but would ultimately improve free cash flows thanks in part to strike-related shutdowns at various facilities around the country.
GM said it now sees full-year adjusted profits in the region of $11.7 billion to $12.7 billion, down from its prior forecast of $12 billion to $14 billion. Diluted earnings, GM said, would likely come in between $7.20 and $7.70 per share, compared to its prior range of between $7.15 and $8.15 per share.
The carmaker also said it would boost its quarterly dividend by 33%, to 12 cents per share, starting in 2024 while immediately retiring $6.8 billion in GM stock through its new $10 billion buyback.
GM's free cash flow forecast was lifted to between $10.5 billion and $11.5 billion, a $2.5 billion boost from the higher end of it pre-strike forecast.
Price Momentum
GM is trading in the middle of its 52-week range and below its 200-day simple moving average.
What does this mean?
Investors are still evaluating the share price, but the stock still appears to have some downward momentum. This is a Neutral sign for the stock's future value.
REST IN PEACE to one of the greatest financial mindsCharlie Munger right hand man to investment giant Warren Buffett has passed away on the 28 November 2023, born 1 January 1924. Not only was he an investment wiz he was great at behavioral psychology.
He started his investment career in 1962 working as a real estate attorney which he gave up to pursue investment management along side Otis Booth, he later went on to form an investment firm with Jack Wheeler to his own firm to 1975. 1978 when he started working closely with Warren Buffett on BERKSHIRE HATHAWAY which owns businesses with a networth of 782.64BILLION in different industries and they have since made an average annual gain of 20.1% every year till 2022, and has made a personal wealth for himself of 2.6 billion.
He considers himself to be a value investor ( investment strategy where investors identify stocks whose prices don't reflect what they are really worth) . Charlie also was a long term investor looking at companies that were high in value and also had the potential to continue increasing in value by holding for a long term compounding gain.
some of his best qoutes are :
-the best way to get what you want is to deserve what you want.
-all intelligent investing is value investing
-the world is not driven by greed but by envy.
the investment community suffered a great loss, Charlie is really one of the greats, showing it pays to be patient and the importance of portfolio diversification.
what have you learned from Charlie Munger yourself?
put together by : Pako Phutietsile ( @currencynerd )
Cloudflare: Above the Clouds ☁️Cloudflare shares have continued their strong rise over the past few days, overcoming resistance at $72.00. This development was an important step on the upward journey and should generate further upward momentum. The magenta wave (iii) should be continued up to around $92.
Oracle: Docked! 🔗🚢The ORCL share price continued to climb, reaching the turquoise Target Zone (coordinates: $115.76 - $122.90). The magenta-colored wave (2) should now be completed within this range, the high of which should be followed by a countermovement to the downside. Currently, the upward momentum has flattened somewhat, but can still hold at the high levels. Accordingly, we expect a further rise within the described Target Zone - although from a technical perspective, the minimum requirement of wave (2) in magenta has already been met. After the reversal, we expect the downtrend to continue.
Long interest in PinterestTrading Idea: Buy Pinterest Stock for Short-Term Gain
In the past month, Pinterest's stock price has increased by 14.55%, making it an attractive option for short-term investors with a somewhat high risk tolerance. The trading idea is to buy Pinterest stock (PINS) based on the provided facts.
Pinterest, Inc. has reported a total of $1.12 billion in short-term investments, indicating a strong financial position. Additionally, the company has a gross profit ratio of 77.59%, which measures how efficiently and effectively a company performs by dividing its gross profit by its total net sales. A high gross profit ratio suggests that Pinterest is performing well.
Furthermore, Pinterest has a low net debt of $-1 billion this quarter, indicating that the company has a solid financial foundation. Net debt is calculated by subtracting a company's total cash and cash equivalents from its total debt. A low net debt indicates that Pinterest has more assets than liabilities.
In terms of net income ratio, Pinterest is currently at 0.882%, which is a positive sign for investors. The net income ratio measures the profitability of a company by dividing its net income by its total net sales. A high net income ratio suggests that Pinterest is generating significant profits.
Overall, this trading idea fits a short investment horizon and a somewhat high risk tolerance. By investing in Pinterest stock, investors can take advantage of the company's strong financial position, solid gross profit ratio, low net debt, and positive net income ratio.
Technical Outlook
Pinterest bulls are focused on pushing the stock past a key resistance level at $29.22 as their next upside milestone, as long as they maintain their dominance. The bulls have been in control as indicated by the Commodity Channel Index (CCI) indicator, which is currently above +100, signifying that the market price is unusually high.
In today's trading session, Pinterest continued its upward trend, gaining a further 0.72% and reaching a stock price of $30.94. This marks the seventh consecutive day of gains for the stock.
Over the past five days, Pinterest's share price has appreciated by around 25.34%, outperforming the Nasdaq by a significant margin of 790.4% so far this year. The company has a market capitalization of $20.86 billion.
On Friday, the stock saw 12.93 million shares traded, slightly below the multi-day average of 13.53 million.
In technical analysis, Pinterest is currently rated as "Neutral" during this positive session, gaining 22 cents, or 0.72%. The CCI indicator, showing the market price is unusually high, supports the bullish sentiment.
Other notable movements in the market include a 1.39% increase in Alphabet, with a closing price of $130.37, a 1.6% increase in Comcast, and a 1.8% increase in Netflix on Friday.