Image Source: PexelsFor the moment, the ECB isn’t saying a word. One statement and the markets could start to seriously lose the confidence that, sooner or… later, they will no longer have in France.Even Bruno Le Maire, who in recent months had been doing everything possible, sometimes at the expense of the credibility of his role, to appear infinitely reassuring, has for the past week been delivering a speech that seems to better reflect the actual state of French public finances.According to the Minister for the Economy and Finance, there is a risk that the public deficit will slip to 5.6%, compared with the initial forecast of...
Image Source: Unsplash The Dow Jones cracked a fresh all-time high during Monday trading. Despite the upside stretch, equities remain tepid overall. Investors are buckling down for the wait to Wednesday’s Fed rate call. The Dow Jones Industrial Average (DJIA) clipped into another record intraday bid to kick off the new trading week. The largest equities on the New York Stock Exchange (NYSE) inched higher on Monday, ahead of Wednesday’s Federal Reserve (Fed) rate call, which is widely expected to be the Fed’s first rate cut since March of 2020.The Fed kicking off a new rate-cutting cycle on Wednesday is all but a given according to in...
Image Source: UnsplashIn a day of significant developments for the technology sector, three major players are making headlines with strategic moves and partnerships. Intel Corporation (INTC), CrowdStrike Holdings (CRWD), and Oracle Corporation (ORCL) are each positioning themselves for growth in their respective markets, from semiconductor manufacturing to cybersecurity and cloud computing. Intel Corporation Shares Gain on Reports of $3.5 B Federal Grant Intel Corporation (INTC) shares surged 4.25% to $20.50 as reports emerged of a potential $3.5 billion federal grant for Pentagon chip production. The funding, part of the “Secure Enc...
Image Source: PixabayCloud service revenues rose 21% to $5.6 billion, driven by 45% growth in Cloud Infrastructure (IaaS) revenue to $2.2 billion and 10% growth in Cloud Application (SaaS) revenue of $3.5 billion. Total remaining performance obligations were up 53% to a record $99 billion. The strong contract backlog will increase revenue growth throughout fiscal 2025.Oracle Corp. (ORCL)Oracle signed a MultiCloud agreement with Amazon Web Services (AWS), with Oracle’s latest technology embedded in AWS cloud datacenters. AWS customers will get easy and convenient access to the Oracle database.Oracle has 162 cloud datacenters in operation ...
Image Source: PixabayIt seems to me the precious metals rally is getting pretty long in the tooth. Don’t get me wrong – – I’m a precious metals booster! – – but the steady series of higher highs and higher lows that has been transpiring for many months now is due for a “higher low” awfully soon.More By This Author:Another MidlineETF Focus – Precious MetalsMetals Mania...
Image Source: PixabayThe Federal Reserve is expected to cut interest rates this week. The question is whether the bond market has fully priced in the start of policy easing?It’s tempting to say “yes” after reviewing recent performance data. Year to date, all the primary categories of US fixed income markets are posting gains, based on a set of ETFs through Friday’s close (Sep. 13). The leader so far in 2024: junk bonds (JNK) with a solid 7.1% advance.The investment-grade benchmark for US bonds (BND) is higher by 5.1% in 2024. The fund has been on a mostly non-stop rally since May, presumably animated by rising confidence that the cen...
Image Source: PexelsThe odds of a 50 basis point cut jumped from 15 percent on Wednesday to 59 percent Sunday evening.A month ago I expected a 50 basis point cut by the Fed based on weakening data.The data weakened alright, but following the the CPI report last Wednesday, I checked the odds at 15 percent.Late Sunday, I decided to check the probabilities again and captured the above chart.There was a huge rally in the odds on Thursday and Friday as noted by the Wall Street Journal in the chart below.For and Against a Half-Point Cut WSJ Sep 15: Interest Rates Are Too High. The Fed Should Cut by a Half Point. WSJ Sep 13: Economic Data Argue A...
Image Source: PexelsAltria Group (MO) — formerly Philip Morris — is one of the world’s largest producers and marketers of cigarettes and other tobacco products. However, the company’s current motto is “Moving Beyond Smoking” as it pushes smoke-free products and harm reduction.Regardless of your stance on tobacco stocks, Altria Group (MO) still does more than $20 billion in annual revenues and has a market cap of just under $90 billion. As shown below, the stock has also been trending steadily higher for the last six months.While Altria has seen share-price appreciation over the last six months, it is mo...
Image Source: Unsplash Deal activity in private equity has slowed significantly from 2021 due to high interest rates and economic uncertainty. Amid the slowdown, we believe that smaller, sector-specialist managers may be able to outperform larger, generalist managers. We also anticipate strong buying opportunities for venture capital investors. We see additional opportunities today in allocating more heavily to secondary managers. We also believe that investors can take advantage of longer fundraising cycles by gaining more visibility into fund performance. Given the long-term, illiquid nature of private market investment strategies, it is c...
An Introduction Cyber crime damage is reported (see here) to reach $10.3 trillion by next year making the need for sophisticated cyber security crucial to protect networks, systems and other digital infrastructure from malicious cyber attacks (see here). On the other hand, however, it is estimated that cyber security spending was only $188B in 2023. Research (source) forecasting that corporate spending on cybersecurity should grow at a CAGR of 13.8% between now and 2030 (source) suggests that many cybersecurity software and hardware companies should be excellent long-term buys. AI’s Role In Cyber SecurityAI enables cyber security compani...