Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

USD/JPY Price Analysis: Extends Gains But Remains Below 156.00
May18

USD/JPY Price Analysis: Extends Gains But Remains Below 156.00

The  extended its gains late on Friday’s North American session, though it’s set to finish the week unchanged. The major trades at 155.66, up 0.18% after hitting a daily low of 155.25. USD/JPY Price Analysis: Technical outlookDespite the conditions to extend their gains, traders should be aware of the Japanese authority’s intervention threats. That said, the USD/JPY uptrend remains intact as long as price action achieves two goals: persisting above the Ichimoku Cloud (Kumo) and staying above the uptrend trendline drawn from the January 2024 lows.The Relative Strength Index (RSI) favors buyers, standing above the 50-midline with enough room to spare before reaching overbought territory.Therefore, the path of least resistance is upwards. The first resistance would be the Kijun-Sen at 156.05. Once cleared, the next stop would be 157.00, followed by the April 26 high of 158.44, ahead of challenging the year-to-date (YTD) high at 160.32.On the flip side, if USD/JPY drops below the Senkou Span A of 155.69, the pair could be headed towards retesting lower support levels. Bulls’ first line of defense would be the Tenkan-Sen at 155.18, followed by 155.00. Once hurdled, the next stop would be the May 16 low of 153.60, followed by the Sekou Span B at 153.06. USD/JPY Price Action – Daily Chart(Click on image to enlarge) USD/JPY OVERVIEW Today last price 155.69 Today Daily Change 0.30 Today Daily Change % 0.19 Today daily open 155.39   TRENDS Daily SMA20 155.37 Daily SMA50 152.9 Daily SMA100 150.36 Daily SMA200 148.98   LEVELS Previous Daily High 155.54 Previous […]

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Nasdaq Analysis & Nasdaq Forecast – Saturday, May 18, 2024
May18

Nasdaq Analysis & Nasdaq Forecast – Saturday, May 18, 2024

Today you will see NAS100 price prediction based on the technical analysis. What is the support and resistance on the daily time frame for NAS100. What to expect where the price will breakout for the NAS100 based on the supply and demand zones.Video Length: 00:03:38 

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Walmart Scales New Highs On Solid Q1 Earnings: ETFs To Buy
May18

Walmart Scales New Highs On Solid Q1 Earnings: ETFs To Buy

Before the opening bell yesterday, Walmart () reported robust first-quarter fiscal 2025 results, wherein it surpassed both earnings and revenue estimates. The megaretailer offered upbeat guidance for the fiscal year, spreading huge optimism and signaling a resilient consumer environment.This pushed WMT shares to a record high. Investors seeking to tap the opportune moment should consider ETFs having the highest allocation to the world’s largest brick-and-mortar retailers. These include Consumer Staples Select Sector SPDR Fund () , Vanguard Consumer Staples ETF () , Fidelity MSCI Consumer Staples Index ETF () , VanEck Vectors Retail ETF () and iShares Evolved U.S. Discretionary Spending ETF () . Walmart’s Earnings in FocusEarnings per share came in at 60 cents, outpacing the Zacks Consensus Estimate of 52 cents and improving from the year-ago earnings of 49 cents. Revenues rose 6% year over year to $161.5 billion and topped the consensus mark of $159.50 billion. U.S. comparable sales grew 3.8%. Notably, e-commerce sales surged 21%, led by store-fulfilled pickup & delivery and marketplace.The retailer achieved a record-high member count and plus members, resulting in membership income growth of more than 13%.The mega-retailer upped fiscal 2025 guidance. It now expects revenue growth to be at the high end or slightly above its previous guidance of 3-4% and earnings per share at the high end or slightly above the original guidance of $6.70-$7.12. For second-quarter fiscal 2025, Walmart expects sales to grow 3.5-4.5% and adjusted earnings per share in the range of 62-65 cents.Below, we have detailed the ETFs: Consumer Staples Select Sector SPDR FundConsumer Staples Select Sector SPDR Fund targets the […]

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Dividend Watch – 3 Companies Boosting Payouts
May18

Dividend Watch – 3 Companies Boosting Payouts

Everybody loves dividends, as they provide a passive income stream, limit drawdowns in other positions, and provide more than one way to profit from an investment.Recently, several companies, including Taiwan Semiconductor Manufacturing () , PACCAR () , and PepsiCo () , have announced a boost to their quarterly payouts. For those interested in income, let’s take a closer look at each. Taiwan SemiconductorTSM posted better-than-expected results in its latest release, exceeding the Zacks Consensus EPS estimate by nearly 7% and posting sales 2.7% ahead of expectations. Earnings grew 5% year-over-year, whereas revenue jumped 13% from the year-ago period.Image Source: Zacks Investment ResearchThe company announced a 10% boost to its payout, bringing the quarterly total to $0.45/share. TSM’s commitment to increasingly rewarding shareholders has kept it a favorite among income-focused investors seeking technology exposure.Shares currently yield 1.1% annually, nicely above the Zacks Computer & Technology sector average. Image Source: Zacks Investment ResearchTSM shares have been notable outperformers in 2024 on the back of the semiconductor trade, up nearly 50% and crushing the S&P 500. PACCARPACCAR is a leading manufacturer of heavy-duty trucks worldwide, with substantial manufacturing exposure to light/medium trucks. The company recently announced an 11% boost to its payout, bringing the quarterly total to $0.30/share.The earnings estimate revisions trend has been considerably bullish for its current fiscal year (FY24), up nearly 30% to $8.26 per share over the last year. Growth is expected to cool in FY24, with earnings forecasted to see a decline before resuming growth in FY25.Image Source: Zacks Investment […]

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ADA Price Outlook: Cardano Gains Momentum, Eyes Crucial $1 Resistance
May18

ADA Price Outlook: Cardano Gains Momentum, Eyes Crucial $1 Resistance

Cardano (ADA) has defied expectations by emerging as the top-performing asset among cryptocurrencies in the top 10. Currently priced at $0.48, ADA has surged by 7.28% in the past 24 hours, showcasing its resilience and securing its position in the standings.The recent Cardano (ADA) price surge has contradicted the earlier speculation about Cardano potentially dropping out of the top 10 in the market cap, demonstrating its ongoing strength in the market. With this surge, the market capitalization of Cardano rises to around $16.24 billion, reaffirming its status as the 10th largest cryptocurrency by market capitalization. Moreover, Cardnao’s trading volumes have also seen a strong uptick in recent times.Apart from the broader market rally, the recent surge in the Cardano price also comes on the backdrop of key developments within the Cardano ecosystem.This surge pushes Cardano’s market capitalization to approximately $16.24 billion, consolidating its position as the 10th largest cryptocurrency by market capitalization. Additionally, stablecoins operating within the Cardano network boast a market capitalization of $16.13 million, augmenting the total value locked (TVL). These figures underscore Cardano’s increasing significance in the decentralized finance (DeFi) landscape, as it attracts a greater influx of assets and users over time.Should Cardano succeed in surpassing the $0.5 resistance level, it may trigger a notable upward trajectory. This surge could potentially propel the cryptocurrency to $0.6 by week’s end. Such an ascent would likely prompt a test of the pivotal resistance threshold at $1, per the . 50% of Cardano Holders to Soon Turn ProfitableAs of the latest […]

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