Image Source: Russell 2000 Aggregate Estimates and Revisions The 23Q4 Y/Y blended earnings growth estimate is -10.8%. If the energy sector is excluded, the growth rate for the index is -4.7%. Of the 31 companies in the Russell 2000 that have reported earnings to date for 23Q4, 71.0% reported above analyst expectations. The 23Q4 Y/Y blended revenue growth estimate is -1.5%. If the energy sector is excluded, the growth rate for the index is -0.6%. (Click on image to enlarge) Click to view the full report. STOXX 600 Earnings Outlook 23Q4Goldman’s Partnership Is Too Much Of A Good Thing Convertibles Will Be 2024’s Hot Financial Model
S&P 500 led by large cap tech and biotech benefited from the VIX crush, and bond market sentiment remained constructive. Yields certainly didn‘t continue rising, but the dollar is eyeing the Monday mentioned 103.50 at least. This would though exert more pressure on gold rather than the 500-strong index that would continue benefiting from rotations, and also CPI tomorrow coming at or more probably below expectations while PPI would reveal even more of an (upcoming) real economy slowdown – not enough to bring about a recession, but enough to cause soft landing turbulence (doubts). Let‘s move right into the charts (all courtesy of ). Credit Markets Credit markets aren‘t flashing red, and once the dollar turns south again, not breaking early Dec highs by much really, a fresh round of risk taking in still easy monetary conditions, and profits chasing, would follow. Gold, Silver, and Miners Precious metals keep base building, upswing doesn‘t stand a chance yet, and the path for this week and next is outlined in the caption. Yields and the dollar are more than half way through rising, and a spring rally in gold is ahead. Crude Oil Crude oil confirmed it was to shake off yesterday‘s setback really fast as nothing all too bearish has happened with the Houthi deal – just as I wrote Monday on the premium Telegram channel for gold and oil – remember that world demand is still rising irrespective of the West while OPEC+ has a tight grip on […]
Video Length: 00:21:33 In this video, I discuss the potential for real estate investment trusts (REITs) in 2024. I analyze the performance of various REITs, focusing on dividend yields, operating cash flow, and FFO growth. (Click on image to enlarge) Does the potential for dropping interest rates create an incredible opportunity for real estate investment trusts in 2024? Watch the video to learn more! In this video, Chuck will cover Alexandria Real Estate Equities (), Camden Property Trust (), CT Real Estate Investment Trust (CRT.UT:CA), Information Services Corp (ISV:CA), Killam Apartment REIT (KMP.UT:CA), Mid America Apartment Communities Inc (), Morguard North American Residential REIT (MRG.UT:CA), NNN REIT Inc (), Plaza Realty REIT (PLZ.UT:CA), UDR Inc (). Are Materials Stocks Too Cyclical To Invest In?There Is More Value In The Financial Sector Than Any Other SectorDoes The Energy Sector Have The Energy To Offer Good Investments?
Image Source: The rollercoaster ride of the stock market continued this week with a mix of gains and losses. A rally fueled by the tech sector lost steam after a Samsung profit warning cast a shadow on the industry. In this dynamic environment, understanding the movements of is crucial for investors seeking stability and growth in their portfolios. Tech Turbulence and Its Ripple Effect on The Stocks The Dow Jones Industrial Average (^DJI) slipped 0.4%, and the S&P 500 (^GSPC) fell nearly 0.2%, reflecting the impact of Samsung’s bleak update. The Korean tech giant’s projection of a 35% drop in fourth-quarter operating income underscored challenges in the PC and mobile sector, affecting the demand for its memory chips. As a result, the market’s earlier gains were offset, particularly in the tech-heavy Nasdaq Composite (^IXIC), impacting the stocks and the list of most volatile stocks. Despite a tech-driven boost on Monday, highlighted by Big Tech helping lift stocks, uncertainties linger. Boeing’s (BA) troubles and a potential interest rate cut increased the market’s complexity. Investors are closely eyeing the December consumer inflation reading, slated for Thursday, as it could influence future interest rate decisions. However, two Federal Reserve officials poured cold water on expectations of an imminent rate cut, adding another layer of uncertainty. Global Economic Landscape and Stock Management The global economic slowdown, as predicted by the World Bank, further complicates the outlook. According to the World Bank’s latest Global Economic Prospects report, growth is expected to decrease to […]
SEC Decision Due Traders are bracing for plenty of volatility across crypto markets today with the SEC due to decide on the current batch of spot-Bitcoin ETF applications. Yesterday, the market was seen spiking to fresh highs for the year in response to a fake tweet put out claiming the SEC had approved spot-Bitcoin ETFS. However, the SEC then claimed their twitter account had been hacked and the tweet was fake, leading the market to reverse sharply lower as around $90 million worth of longs were liquidated. SEC Optimism Despite the confusion yesterday, the market is still widely expectant that the SEC will today at least approve some of the applications if not all. With this in mind, traders are already looking at the finer details such as the competition between funds regarding fees for the different ETFs as well as whether the ETFs will trade at a premium or a discount to their net-asset value. Pivot Point for Crypto In all, today stands to be a major turning point for the market even if just one application is approved. With a fresh wave of institutional and retail demand expected to be ushered into the market, Bitcoin prices (as well as the wider crypto market) are expected to trade higher near-term with some analysts calling for a plus $100k price point by year end. In terms of today’s expected outcome, the most bullish scenario would be that more than 75% of applications are approved. Technical Views […]