Climate Change & Commodities
Source : Wall Street Journal Source link
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Autodesk’s Quarterly Results Could Drive It Back to Recent Highs
After reporting the year’s first quarter results, Autodesk Inc. shares NASDAQ: ADSK are trading lower by over 3% to end the day. However, the company’s financial results are far from those that would warrant such price action, and Wall Street analysts have noticed this fact. $219.37 +7.87 (+3.72%) (As of 10:09 AM ET) 52-Week Range $192.01…
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A Bubble is Brewing in Oracle Stock, and it’s Only Getting Bigger
An AI-driven bubble is forming in Oracle’s NYSE: ORCL shares, which is only getting bigger. The FQ4 release highlights a supply-demand situation in which demand outpaces supply, and Oracle invests to meet the need. Demand and budding partnerships with major cloud providers such as Microsoft NASDAQ: MSFT and Google NASDAQ: GOOG are elevating this company…
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Tesla reported to police in Sweden over alleged illegal electrical work By Reuters
COPENHAGEN (Reuters) – U.S. electric vehicle manufacturer Tesla (NASDAQ:) has been reported to police in Sweden accused of performing electrical installation work without the necessary registration, the Swedish Electricians’ Union said on Wednesday. There are already tense relations between Tesla and unions in Sweden, where the company has faced prolonged industrial action and its mechanics…
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Guesstimates on June 12, 2024
June S&P E-mini futures: Inflation is coming down and the Fed is unlikely to tighten any more. My long-standing 5400 target has been reached but may well prove too conservative. The 6000 level seems a better bet by the end of the year. QQQ: Support is 445. Next resistance is 466. TNX (ten year…
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YoY Measures of Inflation: Services, Goods and Shelter
by Calculated Risk on 6/12/2024 08:50:00 AM Here are a few measures of inflation: The first graph is the one Fed Chair Powell had mentioned when services less rent of shelter was up around 8% year-over-year. This declined, but has turned up recently, and is now up 5.0% YoY. Click on graph for larger image….
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Tuesday’s Huge Runners, 3 New Ideas
Yesterday’s Mega Movers: Things went pretty well for us on Tuesday, despite not achieving a clean sweep of our board. In our premarket report we had a pair of ideas with weekly expirations, as well as a set expiring next week. The weekly plays were definitely where the action was, and two out of three isn’t half bad….
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BLS: CPI Unchanged in May; Core CPI increased 0.2%
by Calculated Risk on 6/12/2024 08:30:00 AM From the BLS: The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in May on a seasonally adjusted basis, after rising 0.3 percent in April, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.3 percent before…
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Stock Futures Rise as Fed Decision Looms
Key Points Dow Jones, S&P 500, and Nasdaq 100 futures each saw a 0.1% rise as investors awaited the Fed’s rate decision and May’s inflation data. Oracle’s stock surged 9% on new cloud partnerships with Google and OpenAI, despite missing earnings expectations. Apple’s AI announcements lifted the S&P 500 and Nasdaq to record highs, though…
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Danaos Benefits from Increasing Demand in Container Shipping
Danaos Corp. NYSE: DAC is a leader in the global container shipping industry. The company specializes in operating dry bulk and container vessels. Danaos owns and operates its fleet of container vessels but also maintains a smaller fleet of dry bulk vessels to transport bulk commodities like coal, iron ore, and grain. The dry bulk…
