Month: May 2024

This Is 90% Algo Accuracy

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‼️ ‼️ This Is Algo Accuracy: On 24 April we alerted our Subscribers to Buy Qualcomm between $164.50 and $165.00. Target: $200. On 1 May, Qualcomm stock surged to $170.77 post-market, making our Subscribers a profit of 3.5% in just 7 days

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BoC Is Going To Cut Rates

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🇨🇦 🇨🇦 BoC Governor Macklem is laying the groundwork for a Bank of Canada rate cut real soon. “We don’t have to do what the fed does. Canada growth this year will probably be choppy. A cut in rates would signal we’re on a track back to 2% inflation. Jobless rate might go up but we don’t see a recession”

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UK CRE Lending Plunges

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🇬🇧 🇬🇧 The number of new FDI projects in the UK grew 6% to 985 in 2023, placing the country second in the league table behind France, according to an annual attractiveness survey by consultancy firm EY published Thursday. Investment in both France and Germany dropped

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Fed: No Further Hikes

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‼️ ‼️ Fed keeps rates steady
as it notes ‘lack of further progress’ on inflation. However, investors were pleased by Powell’s comment that Fed’s next move was “unlikely” to be a rate hike

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Microsoft Invests $10B In Remewable Energy

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‼️ ‼️ Microsoft has signed a deal with Brookfield Asset Management to invest more than $10 billion to develop renewable energy capacity to power the growing demand for artificial intelligence and data centers, the companies announced on Wednesday

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Starbucks Plunges

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☕️ ☕️ BREAKING: Starbucks stock, $SBUX, extends its decline to -16% today hitting its lowest level since June 2022. The stock has now erased $35 BILLION in market cap since it hit its all time high in 2021

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Stocks: Focus On The Big Picture

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‼️ ‼️ Focus On The Big Picture: Michael Craig, Managing Director and Head of Asset Allocation at TD Asset Management, takes this view of the situation. “A little bit of profit-taking, 5% pullback. I don’t think there’s anything too serious here other than just the market kind of recharging, if you will, and getting set up probably for the next leg higher,” he stated in an investor note

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What Is Going On?

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‼️ ‼️ What Is Going On? The US economy LOST 192,000 jobs in Q3 2023, according to the BED report released by the BLS last week. Meanwhile, US nonfarm payrolls data showed that the US labor market added 494,000 new jobs in Q3 2023

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‼️ ‼️ A TikTok Led Beauty Revolution: ELF Beauty has climbed 74% over the last 12 months while Estee Lauder has dropped 40% over the same period of time

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Gold Demand Rises

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‼️ ‼️ BREAKING: Gold demand, including sizable over-the-counter (OTC) buying by investors, increased 3% year-on-year to 1,238 tonnes – the strongest first quarter since 2016, the World Gold Council said on Tuesday

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