Image Source: UnsplashKering’s (PPRUY) 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.Gucci is reported to be facing a problem of desirability and mass production even as it
April 26, 2024
Image Source: PexelsWe are raising our rating on Goldman Sachs Group Inc. (GS) to “Buy” from “Hold” following 1Q results, which demonstrated the considerable strengths of the Goldman franchise during an investment banking upturn. The environment offered a few false rebounds in 2023,
Image Source: UnsplashFor those curious, owning a flamethrower is broadly legal across the United States, with Maryland being the exception, as the state has effectively banned these devices. In California, flamethrowers are legal but require a permit. With the legality all sorted out.
This analysis provides insights into the Elliott Wave patterns observed in major Nasdaq stocks, including the Nasdaq 100, S&P 500, and key companies like Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), and
Image Source: Unsplash The price of a troy ounce of gold climbed to 2330.00 USD on Friday. This surge was driven by investors’ ongoing evaluation of the potential direction of the US Federal Reserve’s monetary policy following mixed macroeconomic data.The US
USDJPY’s price action suggests continued strength. This analysis examines the technical situation and explores potential scenarios for the currency pair. USDJPY Maintains Uptrend: Rising Trend Line Support: A key technical indicator for USDJPY is the rising trend line on the 4-hour
Image Source: Unsplash Chevron Corporation (NYSE: CVX) reported its first-quarter earnings for 2024, showcasing a robust performance despite a slight dip in earnings compared to the previous year.The company announced earnings of $5.5 billion, or $2.97 per share (diluted), a decrease from the
Image Source: Pexels The European Central Bank is on the verge of starting rate cuts and monetary developments are proving no hurdle to doing so. March data shows a subdued recovery in bank lending and money growth. With inflation expectations falling further, today’s data
Image Source: Unsplash ExxonMobil left much to be desired in its earnings report today, on April 26th. The company suffered declining earnings and EPS. This comes in spite of alaready negative Q4 financial results earlier this year. Today, on April
Image Source: Pixabay JPY VolatilityTraders are questioning whether we’re seeing the first signs of intervention today by Japanese authorities after USDJPY suddenly plunged around 1.2% before reversing the losses immediately. Overnight, the BOJ held policy unchanged, defying those expecting a policy
