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Economic News

Thu, May 25th, 2023
Best Buy reports declines in 1Q profits and sales as gadget spending remains weak

Best Buy reported declines in fiscal first-quarter sales and profits as the nation’s largest consumer electronics chain continues to wrestle with a consumer spending slowdown in gadgets

BBY : 69.15 (-0.49%)
UK household energy bills to fall in July, bringing some relief in cost-of-living crisis

Britain’s energy regulator says the typical household energy bill will come down by around $495 a year starting in July as global wholesale energy prices decline

$SPX : 4,115.24 (-0.73%)
$DOWI : 32,799.92 (-0.77%)
$IUXX : 13,604.48 (-0.50%)
Germany economy shrinks in first quarter, signaling one definition of recession

The German economy has shrunk unexpectedly in the first three months of this year, marking the second quarter of contraction that is one definition of recession

$SPX : 4,115.24 (-0.73%)
$DOWI : 32,799.92 (-0.77%)
$IUXX : 13,604.48 (-0.50%)
Cambodian union chief who led long-running casino strike gets 2-year prison sentence

A labor union leader who led a long-running strike against Cambodia’s biggest casino has been sentenced to two years in prison for incitement to commit a felony, while eight fellow union members received...

Stock market today: Asian shares extend losses, while Japan's Nikkei pushes higher

Shares are mostly lower in after worries about the U.S. economy pulled Wall Street lower

$SPX : 4,115.24 (-0.73%)
$DOWI : 32,799.92 (-0.77%)
$IUXX : 13,604.48 (-0.50%)
A : 120.99 (-5.95%)
GS : 319.81 (-1.16%)
Takeaways of AP report on DEA probe of drug distributor accused of fueling opioid epidemic

The U.S. Drug Enforcement Administration has allowed one of the nation’s largest drug distributors to keep shipping addictive painkillers for nearly four years despite a judge’s recommendation to strip...

NFLX : 364.85 (+2.49%)
Train engineers deal with Union Pacific will improve schedules and address quality-of-life concerns

Engineers who operate trains for Union Pacific will soon have much more predictable schedules that will allow them to plan when they are going to be off

$SPX : 4,115.24 (-0.73%)
$DOWI : 32,799.92 (-0.77%)
$IUXX : 13,604.48 (-0.50%)
A June pause in rate hikes would be a close call for Fed officials, minutes of last meeting show

Federal Reserve officials were divided earlier this month on whether to pause their interest rate hikes at their upcoming meeting in June, according to the minutes of their May 2-3 meeting

MS : 81.22 (-1.72%)
$SPX : 4,115.24 (-0.73%)
$DOWI : 32,799.92 (-0.77%)
$IUXX : 13,604.48 (-0.50%)
Kohl's reports surprise profit in 1Q helped by inventory cuts

Kohl’s posted a surprise profit for the fiscal first quarter, helped by the department store chain’s moves to cut inventory in the wake of weak sales

LEVI : 13.13 (+0.31%)
German business confidence heads downhill after 6-month rise

A closely watched survey shows that German business confidence has dropped for the first time after a six-month rise as inflation recedes only slowly in Europe’s biggest economy and interest rates continue...

$SPX : 4,115.24 (-0.73%)
$DOWI : 32,799.92 (-0.77%)
$IUXX : 13,604.48 (-0.50%)

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History in the making 👇 $NVDA https://t.co/eJe3xKPFhK
Barchart
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Do Triple Top Chart Patterns exist? (Doing a poll as there appears to be some debate from the earlier Gold tweet)
Barchart
@Barchart
Nvidia $NVDA is expected to derive 50-60% of its 2023 revenue from artificial intelligence according to research from JP Morgan. Here is a list showing the % of revenue other companies expect to earn this year from AI: https://t.co/2zbQ0y7dyq
Barchart
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Potential Triple Top for Gold? H/T: @Callum_Thomas https://t.co/06Cyi4QuSM
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Updated Nvidia $NVDA Trader's Cheat Sheet based on yesterday's closing price https://t.co/mnCQkWqY7c
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Treasury Bills maturing around the U.S. Treasury's "X" date are yielding more than 6% which is higher than some corporate bonds sold by junk-rated companies https://t.co/GzprhP5gHM
Barchart
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Food inflation proving sticky in the UK as the average cost of an English Breakfast is up an average of 22% year-over-year. In fact, every single item that makes up Bloomberg's Breakfast Index has increased since April 2022. https://t.co/pPdQYJqp5R
Barchart
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Expectations of a Federal Reserve June interest rate hike are increasing. Fed swaps are now pricing in a 40% chance of a 25bps hike in June. https://t.co/oAw2rwUUcC
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Did you miss today's webinar "Barchart's Indispensable Tools for Trading the Futures Markets?" No worries as it's now available on our YouTube Channel 👇 Link: https://t.co/ALIauEbvMG https://t.co/ALkessSiUD
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Fed Governor Christopher Waller believes additional interest rate hikes are coming and won't support a pause right now https://t.co/Ny5iinaycM
Barchart
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The Treasury Yield Curve (10Y-3M) is a perfect 8/8 in forecasting recessions since 1968. Duke University Professor Campbell Harvey believed it was showing a false warning in January. He now believes it is real and only questions how deep the recession will be. https://t.co/rgWiTZ4aNj
Barchart
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A U.S. credit rating downgrade is being considered by Fitch Ratings https://t.co/MxZOb10QKv
Barchart
@Barchart
7 Fear & Greed Indicators: * Market Momentum (Greed) * Stock Price Strength (Neutral) * Stock Price Breadth (Fear) * Put and Call Options (Extreme Greed) * Market Volatility (Neutral) * Safe Haven Demand (Greed) * Junk Bond Demand (Greed) https://t.co/qRmhZnyEa8 https://t.co/G0EZ5FBfky
Barchart
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Here is how much money you need to be among the Top 1% in the World's 10 Richest Countries: https://t.co/BWuQwM3qZA
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ETFs w/ most active options trading: $SPY - 9.076M $QQQ - 3.153M $IWM - 1.022M $XLI - 387k $HYG - 382k $KRE - 308k $TQQQ - 253k $EEM - 243k $UVXY - 243k $SLV - 234k $XLF - 203k $SQQQ - 197k $EWZ - 192k $TLT - 142k $ARKK - 124k $EFA - 123k $SOXL - 116k $GLD - 101k $XHB - 76k
Barchart
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Barchart
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Stocks w/ most active options trading: $TSLA - 2.178M $NVDA - 930k $AMZN - 837k $AAPL - 722k $NU - 422k $AMD - 396k $PLTR - 385k $BABA - 358k $NIO - 330k $NFLX - 315k $GOOGL - 295k $DIS - 285k $META - 283k $MSFT - 279k $PFE - 267k $ETRN - 226k What options did you trade?
Barchart
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% of Large Cap Stocks Above Their Moving Averages https://t.co/qoXV3Chkvo
Barchart
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Stock Market Fear & Greed Index = 61 (Greed) https://t.co/EuG3dB1zK3
Barchart
@Barchart
Dividends from the world's largest 1,200 publicly traded companies hit a record $326.7 billion during the 1st quarter, a 12% increase YOY https://t.co/iTXZT7eLkK
Barchart
@Barchart
Central Banks bought 1,079 tonnes of gold bullion in 2022, the most ever since record keeping began in 1950. https://t.co/9uPBBZPFL0 https://t.co/GlOwh0NP7Y

Chart of the Day

N-Able Inc (NABL)

The Chart of the Day belongs to the software company N-Able (NABL) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature...
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