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Updated: 1 hour 57 min ago

Daily Stock Picks: Holistic Insights For Smart Trades Today

Fri, 12/06/2024 - 10:31
As the markets gear up for another trading session, the spotlight remains on key stock performances and macroeconomic trends.

S&P 500 Earnings Dashboard 24Q3 - Friday, Dec. 6

Fri, 12/06/2024 - 10:17
24Q3 Y/Y earnings are expected to be 9.0%. Excluding the energy sector, the Y/Y earnings estimate is 11.7%.

PepsiCo Inc DCF Valuation: Is The Stock Undervalued?

Fri, 12/06/2024 - 10:00
PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay’s, Cheetos, and Doritos, among others.

Sensex Today Ends 57 Points Lower; Nifty Below 24,700

Fri, 12/06/2024 - 09:30
After opening the day flat, the Indian benchmark turned negative as the session progressed and ended the day lower.

Employment Drops by 355,000 But Jobs Rise by 227,000 in November

Fri, 12/06/2024 - 09:21
The strange jobs reports continue as the divergence between jobs and employment widens again.

Unenjoyment Report

Fri, 12/06/2024 - 09:18
The jobs data just came out, and it seems like mildly bad news: the unemployment rate inched up to 4.2% (expected: 4.1%) and the hourly wages went up more than expected as well (suggesting inflation).

AUD/USD Outlook: RBA Rate Cut Outlook Briefly Boosts Aussie

Fri, 12/06/2024 - 09:07
Most economists expect the RBA to keep rates unchanged next week. Market participants are pricing a 70% chance of an RBA rate cut in April. Forecasts show the US economy added slightly under 200,000 jobs in November.

BTC Report: Bitcoin Nears $99k, Trump Announces AI And Crypto Czar

Fri, 12/06/2024 - 09:00
Bitcoin's price fluctuates near the $99,000 level amidst economic and regulatory changes, with market volatility and significant liquidations creating uncertainty.

November Jobs Surge Above Estimates As Wage Growth Comes In Hot, Unemployment Rises

Fri, 12/06/2024 - 08:50
The BLS reported that in November, payrolls growth surged to 227K, the second highest print since March (after the upward September revision).

USD/CAD Surges To Near 1.4100 After US-Canada Employment Data

Fri, 12/06/2024 - 08:50
USD/CAD jumps to near 1.4100 after the release of the US-Canada employment data for November. US NFP came in higher-than-expected and the wage growth remained steady. Canadian job growth remained robust and the jobless rate accelerated sharply.

Elliott Wave Analysis: BAC Found Support From Blue Box

Fri, 12/06/2024 - 08:43
BAC is one of the stocks still recovering from the 2008 global financial crisis. After plunging to nearly $2.50, it bottomed out in May 2009. Before the crash, the stock reached an all-time high of around $55 in November 2006.

2025 Gold Price Predictions: Off To The Races

Fri, 12/06/2024 - 08:40
As December begins, financial institutions and market analysts are unveiling their 2025 forecasts, with gold attracting significant attention.

GBP/USD Forecast: Pressure Upside Break Out

Fri, 12/06/2024 - 08:30
The British pound has rallied a bit during the early hours on Thursday as we are slamming into the crucial 1.2750 level.

The Energy Report: The OPEC Zone

Fri, 12/06/2024 - 08:30
Despite expectations of the OPEC plus deal falling apart, the reality is that OPEC did set the stage for a tightening market in the future.

Softish US Jobs Report Favours A December Rate Cut

Fri, 12/06/2024 - 08:29
US non-farm payrolls rose broadly in line with expectations after recent strike and hurricane distrortions, but unemployment picked up by more than expected.

EUR/GBP Edges Lower As Sterling Performs Strongly Across The Board

Fri, 12/06/2024 - 08:20
The EUR/GBP pair ticks lower to near 0.8285 in Friday’s North American session after struggling to extend Thursday’s recovery above the key resistance of 0.8300.

Still Leaning Bullish?

Fri, 12/06/2024 - 08:10
S&P 500 pushed for new ATHs early in the session, but was rejected, and the premarket session is shallow and cautious.

Jobs Day – Just Right

Fri, 12/06/2024 - 08:00
Futures saw little movement as US investors awaited the big November jobs report, in which payrolls were expected to bounce back from October’s hurricane-related weak print.

Elliott Wave Technical Analysis: McDonald’s Corp. - Friday, Dec. 6

Fri, 12/06/2024 - 07:50
MCD is progressing in wave (iii) of {v}, with a clear upside momentum as it approaches the key $300 mark once again.

Job Growth Report Should Re-Accelerate – Markets Digesting For New Big Run

Fri, 12/06/2024 - 07:42
Today we have the “all-important” employment report which is the last high profile economic data point released before the Fed meets on the 18th.

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