The Federal Reserve announced on Wednesday that it was lowering the federal funds rate by half a percentage point (0.5%) or 50 basis points, its first rate cut in over four years. The previous rate range set by the Fed was 5.25% to 5.5%, the highest in over two decades. Now the range is between...
On Friday, the U.S. Bureau of Labor Statistics released a highly anticipated employment report that could be one of the most important pieces of economic news this year. The report gives an employment picture that will be crucial to interest rate decisions made by the Federal Reserve at its September 18 meeting later this month....
Former NFL linebacker Brandon Copeland saw his mother stick to a tight budget while raising him and his brother. She could afford to put them in sports and “make magic happen on Christmas” by sacrificing other small luxuries: candy in the checkout aisle or a soda from McDonald’s. One day, I want to have money,...
The S&P 500 (SPY) is starting to test key support levels for the first time since November 2023 given continuing signs that Fed rate cuts are getting pushed further and further into the future. This begs the question of “how low could stocks go?” 44 year investment veteran Steve Reitmeister does his level best to...
Schlumberger (SLB), the world’s biggest oilfield services company, will publish its first-quarter earnings on April 19. The company is expected to report revenue and earnings growth over the prior-year quarter. Therefore, is it time to invest in the stock ahead of its earnings? Read on to learn my view. Schlumberger Limited (SLB) will report its first-quarter...
The airline market has emerged resilient over the years and is poised for significant growth owing to increasing air travel demand and the incorporation of new innovative ideas to bolster the market. Given this backdrop, let’s assess the prospects of airline stocks Copa Holdings, S.A. (CPA), Corporación América Airports S.A. (CAAP), and Cathay Pacific Airways...
How to use the POWR Options approach of combining fundamental, technical and implied volatility analysis with a recent RIO trade as an example. One of the screens we use in the POWR Options trade selection process involves comparing recent performance to help identify relative underperformance in Strong Buy (A – Rated) stocks. The expectation is...
In just over a decade, Bitcoin has grown a cult-like following and surged to impressive heights. Now the cryptocurrency of choice, its meteoric rise has been unlike any other commodity, resource or asset — and it has seen gains again in 2023. Bitcoin, the most well-known cryptocurrency, has paved the way for the growing cryptocurrency...
Cryptocurrencies have grown quickly from a niche technology with a tech-savvy user base to an entirely new asset class that has attracted attention from a broad range of individual investors, as well as mainstream institutions. You’ll often see cryptocurrencies criticized for being a speculative asset, yet studies show that emerging markets in Africa, South America...
Speaking at the New Orleans Investment Conference, Tavi Costa, partner and portfolio manager at Crescat Capital, discussed sentiment in the resource sector, including where he sees opportunity today. “Everyone is sort of waiting for this breakout in gold, otherwise there’s no party,” he said on the sidelines of the event. “Everyone is just waiting patiently,...