NDX: Bullish MA Crossovers and McClellan Oscillator
20DMA crossing above 50DMA is a bullish signal as highlighted on yellow, looks like there is one coming.The red tick arrow indicates a quick turnaround in the 20DMA avoiding the bullish signal, so be open minded.If the 20&50DMA crossover occurs, $18976 - $19019 would be a normal target zone; that's a +2.3% +2.6% upside from Friday's close. Not in a straight line up. $NASDAQ(.IXIC)$$NASDAQ 100(NDX)$$Invesco QQQ(QQQ)$ McClellan Oscillator: It touched 70 during the week and is declining while price moves up, a divergence like the one pointed out with red arrows can coexist with a bullish MA crossover.Price has to open and stay above $18454 next week, otherwise
Stocks made a significant push at the closing bell today, with the Dow Jones Industrial Average narrowly surpassing the 40,000 mark for the first time ever. The $DJIA(.DJI)$ closed at 40,003.59, edging over the threshold by just 3.6 points. DJIA tops 40,000 before pulling back DJIA This milestone comes after an 874-trading-day journey from 30,000, led by substantial contributions from Goldman Sachs and $Microsoft(MSFT)$ , while companies like Walt Disney and 3M detracted from the index. DJIA stocks Market Overview Weekly Performance Dow Jones Industrial Average: Up 1.2% for the week, reaching a historic high. $S&P 500(.SPX)$ Increased by 1.5%, marking a fo
Tilray (NASDAQ:TLRY) shares drop after announcing $250M share offering
Full story: https://grafa.com/news/tilray--nasdaq-tlry--shares-drop-after-announcing--250m-share-offering-223766 Shares of Tilray Brands (NASDAQ:TLRY) experienced a significant decline on Friday following the company's announcement of its plan to offer up to $250 million in additional shares. Tilray stated that the proceeds from this offering are earmarked specifically for acquisitions and other strategic investments, rather than for general corporate purposes. This move comes as Tilray prepares for potential shifts in the regulatory landscape surrounding marijuana.
Full story: https://grafa.com/news/polestar--nasdaq-psny--faces-nasdaq-compliance-notice-223751 Polestar Automotive Holding (NASDAQ:PSNY) has notified its investors that it received a deficiency notice from The Nasdaq Stock Market due to the delayed filing of its annual report on Form 20-F for the fiscal year ended December 31, 2023. According to Nasdaq Listing Rule 5250(c)(1), which mandates timely submission of periodic financial reports, Polestar now faces a potential discrepancy in compliance. In response, Nasdaq has offered Polestar a 60-day window to submit a plan to regain com
Paychex (NASDAQ:PAYX) announces retirement of key executive Stephanie Schaeffer
Full story: https://grafa.com/news/paychex--nasdaq-payx--announces-retirement-of-key-executive-stephanie-schaeffer-223709 Paychex (NASDAQ:PAYX) has disclosed that Stephanie Schaeffer, Vice President, Chief Legal & Ethics Officer, and Secretary, plans to retire on August 2, 2024. Schaeffer has committed to continue her duties until a suitable successor is appointed. Following her retirement, she will transition to a senior advisory role within the company, maintaining her current base salary to ensure a smooth handover. This upcoming retirement signifies
Apple (NASDAQ:AAPL) plans slimmer iPhone for 2025, may outprice iPhone Pro Max
Full story: https://grafa.com/news/apple--nasdaq-aapl--plans-slimmer-iphone-for-2025--may-outprice-iphone-pro-max-223691 Apple (NASDAQ:AAPL) is reportedly developing a slimmer version of the iPhone, expected to launch alongside the iPhone 17 in September 2025. Sources familiar with the project, codenamed D23, indicate that the new model could be priced higher than the current iPhone Pro Max. The Cupertino, California-based tech giant is currently exploring various design options for this thinner device, which is likely to feature Apple's latest-generation A19
Microsoft, Meta Platforms, Applied Materials, and Other Tech Stocks in Focus Today Technology stocks are set to end the week in a quiet fashion as the market retreats from recent record-high levels. Futures for the technology-heavy Nasdaq 100 were up 0.1% early on Friday. The $NASDAQ(.IXIC)$ closed down 0.3% on Thursday. $Microsoft(MSFT)$ got a mixed message from regulators on Friday. The U.K.'s Competition and Markets Authority said it had closed its inquiry into the company's partnership with French artificial-intelligence company Mistral, finding that the deal doesn't qualify for investigation. However, the European
Take-Two (NASDAQ:TTWO) reports $2.9B loss, announces GTA VI for fall 2025
Full story: https://grafa.com/news/take-two--nasdaq-ttwo--reports--2-9b-loss--announces-gta-vi-for-fall-2025-223583 Take-Two Interactive (NASDAQ:TTWO), the parent company behind Rockstar Games and 2K, reported a significant net loss of $2.9 billion in its fiscal first-quarter earnings. Amid these financial challenges, the company also announced that the highly anticipated video game, Grand Theft VI, is slated for release in the fall of 2025. Following the news, Take-Two's shares experienced a nearly 3% increase.
Tesla (NASDAQ:TSLA) chair foresees hurdles in shareholder approval for Musk's pay
Full story: https://grafa.com/news/tesla--nasdaq-tsla--chair-foresees-hurdles-in-shareholder-approval-for-musk-s-pay-223572 Tesla's chairperson, Robyn Denholm, said the company faces a significant challenge as it prepares for shareholder votes on two contentious issues: relocating to Texas and CEO Elon Musk's record-breaking $56 billion pay deal. Denholm, who has been Tesla's chairperson since 2018, also defended herself against criticism of being too close to Musk. Last month, Denholm requested that shareholders once again approve Musk's compensation pack
The First Bancshares (NASDAQ:FBMS) announces transfer of stock listing to NYSE
Full story: https://grafa.com/news/the-first-bancshares--nasdaq-fbms--announces-transfer-of-stock-listing-to-nyse-223548 The First Bancshares (NASDAQ: FBMS), the parent company of The First Bank, has announced a significant shift in its stock listing venue. Effective Thursday, May 30, 2024, the company will transfer its common stock from the Nasdaq Stock Market to the New York Stock Exchange (NYSE), trading under the ticker symbol “FBMS.” The company expects its stock to continue trading on Nasdaq until the market closes on May 29, 2024. Since its initial pub
Texas Roadhouse (NASDAQ:TXRH) boosts dividend to $0.61
Full story: https://grafa.com/news/texas-roadhouse--nasdaq-txrh--boosts-dividend-to--0-61-223532 Texas Roadhouse (NASDAQ:TXRH) has announced a quarterly dividend of $0.61 per share of common stock, underscoring the company's continuing practice of returning value to its shareholders. The dividend is set to be paid on June 25, 2024, to shareholders who are on record as of June 12, 2024. This announcement reflects Texas Roadhouse's ongoing commitment to its shareholders amidst the company's expansion and operational developments.
BIOLASE (NASDAQ:BIOL) faces potential delisting from Nasdaq over equity shortfall
Full story: https://grafa.com/news/biolase--nasdaq-biol--faces-potential-delisting-from-nasdaq-over-equity-shortfall-223505 BIOLASE (NASDAQ:BIOL) received a staff determination letter from the Listing Qualifications Department of Nasdaq on May 14, 2024, which puts the company at risk of being delisted. The notification came after BIOLASE filed its quarterly report on form 10-Q for the first quarter ended March 31, 2024, with the U.S. Securities and Exchange Commission, revealing a stockholders' equity of negative $1,934,000. This figure falls short of the
H World (NASDAQ:HTHT) tops revenue, expands network in Q1
Full story: https://grafa.com/news/h-world--nasdaq-htht--tops-revenue--expands-network-in-q1-223495 H World Group (NASDAQ:HTHT), a leading global hotel management company, has unveiled its unaudited financial results for the first quarter ending March 31, 2024. The company achieved significant operational growth, closing the quarter with an impressive portfolio of 9,817 hotels or 955,657 hotel rooms worldwide. The quarter saw H World Group generate revenues of RMB5.3 billion (US$731 million), marking a robust increase of 17.8% year-over-year and surpassing the company's previousl
iQIYI (NASDAQ:IQ) surges in profits amid revenue dip in Q1 2024
Full story: https://grafa.com/news/iqiyi--nasdaq-iq--surges-in-profits-amid-revenue-dip-in-q1-2024-223483 iQIYI (NASDAQ:IQ), a leading online entertainment service provider in China, announced its first-quarter financial results for 2024. Despite a 5% year-over-year decrease in total revenues, which amounted to RMB7.9 billion (US$1.1 billion), the company saw an increase in operating income to RMB944.8 million (US$130.8 million), with the operating income margin improving to 12% from 10% in the same period of 2023. Additionally, net income attributable to iQIYI increased by
$Clearway Energy Inc(CWEN)$$NASDAQ(.IXIC)$ $DJIA(.DJI)$ Clearway Energy, Inc. (CWEN) is an energy infrastructure yield company which seeks to makes long-term investments in contracted renewable energy assets in North America. CWEN owns 3.5GW of wind and solar assets, and 2.5GW of conventional natural gas fired power plants. CWEN has two key segments: (i) Renewable, which contributes c.75% of CWEN's adjusted EBITDA and (ii) Conventional, which contributes the remaining c. 25% of adjusted EBITDA. It has a solid sponsor, Clearway Energy Group (CEG), of which CEG is sponsored by Global Infrastructure Partners. C
Bull markets are generally characterized by a sustained upward trend in stock prices, accompanied by positive investor sentiment and economic growth. The duration of a bull market can vary significantly and is influenced by various factors, including economic conditions, market cycles, and investor behavior. Historically, bull markets have lasted anywhere from a few months to several years. Here are some notable bull markets and their durations: The bull market of the 1990s: This was one of the longest and most significant bull markets in history, lasting from 1990 to 2000. It was driven by factors such as the dot-com boom, strong economic growth, and low inflation. The bull market from 2009 to 2020: This bull market began in March 2009 after the global financial crisis and lasted for over
Is Your Portfolio and Retirement Safe from the Devasting Damage of Inflation?
Investors need to be aware that inflation damage compounds over time. We have undergone a secular change, and inflation will continue to move up over the medium term.Inflation has slowed from its 9.1% high in June 2022, but it has reaccelerated to 3.5% from the 3.0% low in June 2023.If you had $1,000,000 in cash in March 2021, the purchasing power of that would only be $848,445.Federal government spending is out of control, which has continued to fuel inflation. Driven by increasing interest expenses and spending, we expect a $2 trillion deficit for 2024.The Fed has been complicit. The balance sheet ballooned from $872 billion before the 2008 financial crisis to $8.9 trillion in April 2022. QT has made a dent, but it still sits at $7.4 trillion.Nominal GDP, 10-year and 30-year Treasury yie
US Major Indexes Hit New Highs, Which Stocks Are Powering the Rally? On Wednesday, all three major averages closed at new records as inflation data came in lower than expected. The $DJIA(.DJI)$ rose 350 points, representing a gain of 0.88%, while the $S&P 500(.SPX)$ climbed 1.17%, closing above 5,300 for the first time. The tech-heavy $NASDAQ(.IXIC)$ also posted gains, ending the session 1.40% higher. What's behind the recent uptrend? The latest consumer price index (CPI) data released yesterday showed a lighter-than-expected inc
All Time Highs Came and Went | Wall Street Today The market simmered from all-time highs Thursday morning to close lower with 7000 decliners compared to 5900 advancing equities. Still, the $DJIA(.DJI)$ burst through 40k for the first time, and traded -0.1% at the time of the closing bell. The $S&P 500(.SPX)$ fell 0.21% after hitting an all-time high close Wednesday and setting a new record Thursday morning at 5325.46. The $NASDAQ(.IXIC)$ fell 0.26% and hit an all-time intraday high at 18,797.83. In Macro, U.S. initial jobless claims d