Payment problems stifle Russian imports of Chinese cars
Payment issues between Russia and China, caused by U.S. sanctions, pose serious issues for Russian imports of Chinese cars that have supplied the domestic market over the last two years, the head of Russia's car dealers' association told Reuters. Moscow and Beijing...
2nd Blue Chip with NIKE problem Discovered
My research has resulted in another major discovery. Lululemon (symbol: LULU) has same problem as NIKE (symbol: NKE). Two of the pillars of the Consumer Discretionary Sector for the U.S. and the world are in the process of crumbling. At 07/05/2024 the market...
China-Bound Oil Tankers Hit Two-Year Low in Warning for Bulls
Flow of supertankers headed for the Asian nation drops sharply Decline in cargoes adds to concern over China’s demand outlook The number of supertankers headed for China dropped to the lowest in almost two years, adding to recent concerns about demand in the largest...
Fireworks for Stocks About to Begin
My research of NIKE’s reported earnings and press release for Fiscal 2024 resulted in a significant discovery. NIKE will be the poster child for the secular bear market that is now underway. My target for NIKE’s peak to trough decline is 80 percent. S&P 500...
China’s Cheap Stock Values Tempt $101 Billion Australia Pension
Colonial First State eyes discounted stocks in China, CIO says China stocks provide opportunity to diversify portfolio Colonial First State is eyeing discounted China securities as it seeks to lift its emerging markets exposure to diversify its portfolio. Chief...
Staying Private: Why Companies are Delaying IPOs
Companies have always relied on private capital - from banks, personal funds, and specialist early-stage investors such as venture capital firms - to finance the early stages of their business. Upon reaching a certain size, the most efficient way to obtain additional...
AI startup Abnormal Security ‘valued at $5bn’
AI startup Abnormal Security, focused on preventing email attacks, is set to be valued at $5 billion in a new funding round. The company reached $100 million in annual recurring revenue in 2023, five years after its founding, and previously raised $210 million in...
Chinese Beef Prices Plunge as Appetite for Premium Meat Wavers
Local government urged to provide subsidies and forage Beef is a pricey option for China’s cash-strapped diners The Chinese beef market is facing a conundrum. The government has pushed farmers to raise production at home and opened the door to more imports, but a...
Goldman’s Hedge Funds Head Says It’s Time to Cut Portfolio Risk
‘Probability of a drawdown is rising’: Goldman’s Pasquariello Risks include US fiscal deficit and narrow rally in US stocks After a blistering rally driven by the biggest technology stocks pushing the S&P 500 to a string of all-time highs this year, it’s “a good...
S&P 500 Rally Hits a Wall at End of Banner Quarter: Markets Wrap
US debate fallout spurs prison, oil stocks; renewables lag Long-term Treasuries underperform shorter maturities The stock market waned in the final stretch of a solid quarter, with traders keeping a close eye on any news regarding the US presidential race and...
Nike Rout Is Exclamation Point on Consumer Stocks’ Ugly Week
Shares of sneaker maker suffered record one-day drop on Friday Household spending is starting to show signs of a slowdown A dismal week for consumer stocks is raising concern about the financial health of US households just before the second-quarter earnings season...
Goldman’s Rubner Sees Market Correction Ahead of ‘Unloved Rally’
Bank’s trading desk sees a ‘pre-election correction’ Favors S&P 500 lookback put options as an election play The US presidential election and its aftermath promises investors big market swings in the second half of the year, says Goldman Sachs Group Inc.’s Scott...
Nike Digital sales drop in Q4 as retailer reaches highest-yet annual revenue
Nike Digital, encompassing global sales through the retailer’s website and mobile app, decreased 10% in its fiscal Q4 2024. The year ended on a positive note for Nike Inc. despite a year-over-year drop in quarterly revenue and digital sales during Q4 of its fiscal...
JPMorgan’s Kolanovic Warns S&P 500 Will Plummet 23% by Year-End
Strategist and team reiterate 4,200 target in mid-year outlook They cite ‘disconnect’ between valuations and business cycle The S&P 500 Index may be headed for another record closing high, but JPMorgan Chase & Co.’s Marko Kolanovic says the benchmark will...
