Is Walmart a Buy on Any Earnings dip?
Walmart is announcing its earnings on Thursday before the open. Seasonally Walmart has had a weak period from May 16 through to June 30th over the last 15 years with a fall in the share price 60% of the time.
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Watch for 2% plus swings on a surprise CPI print in the EURUSD
On Wednesday we have the US CPI print being released and it is a major focus for the Fed. In the last Fed meting, on May 01, the Fed confirmed that recent US inflation data had been disappointing. In the Press Conference Powell said, when asked about the prospect of 3 cuts this year, that the Fed needs more confidence on inflation and that the Fed did not see progress in Q1.
Is it time to get defensive with healthcare stocks?
With the latest US jobs data showing a slowdown in the jobs market, and the services ISM print surprising to the downside investors eyes may be turning towards more defensive stocks like Health Care or Utility stocks.
BP sets cost saving goal as weak seasonal pattern begins
BP’s latest earnings, released on Tuesday this week, saw both it’s quarter profits and cash flow fall more than expected. Operating cash flow, standing slightly above $5 billion, marked its lowest point since Q4 2020, significantly falling short of the average analyst projection of $6.72 billion.
GBPUSD GDP 75% risk event sell bias!
In the Bank of England’s March’s meeting the GBP sold off as two more hawkish MPC members, Haskell and Mann, dropped into voting for ‘no – rate’ change. This allowed the GBP to sell off and market’s want to know…
GBPUSD faces strong seasonal headwinds!
At the last Bank of England meeting two of the more hawkish members of the Monetary Policy Committee, Mann and Haskell, pulled back from the hiking interest rate camp and moved into the holding interest rate camp. This led to the GBP sell off after the last March BoE meeting. However, since then the GBP has pulled back on an index level largely helped by the Chief Economist Huw Pill who was happy to look at the latest UK data and say that he saw no change from March’s rate meeting.
Can a Gucci turnaround lift Kering’s SA share price?
Kering’s profitability is firmly tied to the performance of it’s Gucci brand with Bloomberg reporting that Kering derives nearly 70% of its profitability from Gucci. Kering SA seasonals are certainly strong.
Will Gold Rise Into, And Out Of The US GDP Print?
At the latest Fed meeting the Fed projected GDP to be 2.1% for 2024, so a firm US GDP print underpins the ‘soft landing’ narrative. A very weak print should support gold as in principle it should weaken the USD on rate cut hopes. So, can gold carry on it’s run higher on Thursday and into the US PCE print on Friday?
Will a Firm US GDP Print Lift The S&P500?
On Thursday at 13:30 we have the US GDP print which is expected to come in at 2.4%, down from 3.4% in Q4 2023. At the latest Fed meeting the Fed projected GDP to be 2.1% for 2024, so a…
Will Tesla Break Through Key Weekly Support On Weaker Earnings
As more traditional automakers enter the electric vehicle (EV) market, there's a risk of increased competition and market saturation. This could lead to price wars and reduced profit margins for Tesla. Established automakers may leverage their existing brand recognition and customer loyalty to gain an advantage over Tesla. How will Tesla’s earnings on Tuesday match up to this risks?