[ad_1] Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures breakout above the February 2 high this week. The bulls will need to create follow-through buying next week to increase the odds of higher prices. The bears want a failed breakout above the February 2 high. If the Emini trades higher, they want a reversal down from a double top bear flag with the August high. S&P500 Emini futures The Monthly Emini chart The May monthly Emini candlestick was an outside bull doji closing in the upper half of its range. Last month, we said that traders will see if…
Author: Sanjayananda
[ad_1] Hex Trust, a regulated institutional-grade crypto-asset custodian, today announced it has partnered with The Sandbox, a leading decentralized gaming virtual world to enable fully-licensed and highly-secure custody of assets such as LAND in The Sandbox’s metaverse. The partnership sees Hex Trust fully integrate LAND into its custody platform, Hex Safe, which supports cryptocurrencies, security tokens, and NFTs. The Sandbox has added Hex Trust as a certified partner to its directory list for custody services. “We are always on the lookout to provide new ways to secure our community’s digital assets and bring peace of mind to The Sandbox’s community. After working…
[ad_1] Day trading is the practice of buying and selling financial assets with the goal of generating short-term profits. The most popular assets you can trade are stocks, commodities, cryptocurrencies, and bonds.The main difference between trading and investing is that day traders don’t believe in holding their positions overnight.Day traders can do it individually at home or corporately. Most of them are retail traders who do it using their laptops or smartphones. Other people are prop traders who use funds provided by companies to trade.Starting a career as a trader can seem daunting, especially for those just getting started. While…
[ad_1] Construction workers build a Toll Brothers home in Boca Raton, Florida.Joe Raedle | Getty ImagesCheck out the companies making headlines in extended trading.Palo Alto Networks — Shares gained 3.5% after the company’s fiscal third-quarter earnings and revenue topped estimates. The cybersecurity company posted adjusted earnings of $1.10 per share and revenue of $1.72 billion. Analysts polled by Refinitiv had estimated earnings of 93 cents per share and $1.71 billion in revenue. The company’s earnings guidance for the fiscal fourth quarter also surpassed expectations. Urban Outfitters — The clothing retailer’s stock popped 6%. Urban Outfitters posted earnings of 56 cents per…
[ad_1] Shares of the J.M. Smucker Co. (NYSE: SJM) were up over 1% on Friday. The stock has gained 20% over the past one year. The company is slated to report its fourth quarter 2023 earnings results on Tuesday, June 6 before market open. Here’s a look at what to expect from the earnings report: Revenue Analysts are projecting revenue of $2.17 billion for the fourth quarter of 2023, which would reflect a growth of 7% from the same period a year ago. In the third quarter of 2023, net sales increased 8% year-over-year to $2.21 billion. Earnings The consensus…
[ad_1] In the world of investing, few names command as much respect and admiration as Charlie Munger, the vice chairman of Berkshire Hathaway. While Munger is best known as a genius with his investment strategies, his philosophy extends far beyond the stock market.Munger’s frugal lifestyle and habits provide valuable insights for anyone seeking to manage their personal finances better. This blog post will reveal eight key tenets of Munger’s frugality that you can implement today. These principles will guide you towards a more constructive, more responsible relationship with money, enabling you to build long-term wealth and achieve financial independence.Keep reading…
[ad_1] The consumer price index accelerated 8.3% in April, more than the 8.1% estimate and near the highest level in more than 40 years. Core CPI, which excludes food and energy, also was higher than expected, rising 6.2%. Shelter costs, which comprise about one-third of the CPI, rose at their fastest pace since 1991. Inflation-adjusted earnings continued to decline for workers, falling 2.6% over the past year due to the surging cost of living. Inflation rose again in April, continuing a climb that has pushed consumers to the brink and is threatening the economic expansion, the Bureau of Labor Statistics…
[ad_1] Tron (TRX), the native cryptocurrency of the Tron blockchain, witnessed a substantial increase over the weekend. The token spiked by 10% yesterday, buoyed by recent developments within its ecosystem. However, at the time of writing, it has experienced a slight correction, but all signs show that this could be a bullish signal. Tron Spike Due To Bittorent Bridge Launch The reason behind this latest surge can be attributed to the recent launch of the BitTorrent Bridge platform, which now allows users to seamlessly transfer their TRX tokens between the Tron blockchain and Ethereum. Justin Sun, the founder of Tron,…
[ad_1] Day trading is a process where a person allocates funds to financial assets like stocks, cryptocurrencies, commodities, bonds, and exchange traded funds (ETFs) for short-term gains.The goal of any day trader is to have all trades to be profitable. However, in most cases, some of these trades are usually not profitable. In this article, we will look at the concept of cutting losses and how to do it well.What does cutting losses mean?As a day trader, your goal is to ensure that your trades are profitable. However, in most periods, this is usually not the case. Historically, most traders…
[ad_1] People walk near a Kohl’s department store entranceway in Doral, Florida, June 7, 2022.Joe Raedle | Getty ImagesCheck out the companies making headlines in premarket trading Wednesday.Moderna — The biotech company added 2.4% amid renewed Covid-19 concerns in China after an uptick in infections.related investing newsVF Corporation — Shares in the clothing and shoemaker added 3.3% on the back of better-than-expected fiscal fourth-quarter results. The company earned an adjusted 17 cents per share, topping a Refinitiv forecast of 14 cents per share. Revenue of $2.74 billion was also slightly above expectations.XPeng — The electric vehicle maker slipped 4.7% after…