While Jim Cramer’s analysis of Lowe’s acknowledged the company’s beat on earnings, he failed to address the concerning miss on revenues and the cut in full-year outlook. Cramer’s belief that the stock’s performance is tied to the Federal Reserve and the Jackson Hole meeting overlooks the company-specific issues that could be impacting Lowe’s stock price.
0 Comments
The recent news of Mt Gox mobilizing about $2 billion worth of tokens has sparked concerns in the cryptocurrency market, leading to a 2.8% drop in Bitcoin price. This move has raised worries about possible further distributions from the defunct crypto exchange, which could potentially impact Bitcoin’s market dynamics. Traders are now keeping a close
0 Comments
Federal Reserve Board Gov. Michelle Bowman recently expressed her reservations about the potential for an interest rate cut at the upcoming Federal Open Market Committee meeting. In her address to the Alaska Bankers Association, Bowman highlighted her concerns about the current level of inflation, which she described as “uncomfortably” high. She emphasized the need to
0 Comments
Analysts at Wells Fargo named Eli Lilly as a top pick, emphasizing improved supply and tailwinds from key drug trials as drivers for future growth. Despite the firm’s optimistic outlook and $1,000 per share price target, claiming more than 8% upside from the previous close, there may be some overestimation of the company’s growth potential.
0 Comments
The dollar has been under pressure in recent times, hovering near a seven-month low, as investors anticipate a potential rate cut by the U.S. Federal Reserve in the coming months. This speculation has been bolstered by the likelihood of interest rate reductions starting in September, with traders closely monitoring Federal Reserve Chair Jerome Powell’s speech
0 Comments