CarMax said declining consumer confidence, vehicle affordability and expiring stimulus benefits lead to a slump in retail unit sales over its fiscal fourth quarter. CarMax (KMX) – Get CarMax, Inc. Report posted weaker-than-expected fourth quarter earnings Read more…
Natural gas futures (May delivery) further brightened their long-term bullish outlook on Tuesday, stretching their impressive five-week rally to a new 13-year high of 6.825. Despite the clear positive pattern in the market, which is Read more…
The Japanese yen hasn’t managed a single winning session in the month of April, as the dollar has pummelled the yen over the past few weeks. Dollar/yen has climbed to 6-year highs and appears headed Read more…
Stock futures edge lower, Treasury yields rise ahead of march CPI data; White House braced for ‘extraordinarily elevated’ March inflation reading; Veru shares surge after impressive Covid treatment data; Cisco shares slide on Morgan Stanley, Read more…
The USDJPY maintains bullish tone on Tuesday, following Monday’s 1% advance that peaked at 125.76, just ticks ahead of key barrier at 125.84 (2015 peak, the highest since 2002). Bulls remain firmly in play, driven Read more…
The Euro weakened further in early European trading on Tuesday, as Monday’s recovery following initial reversal signal on Friday’s long-tailed Doji, was short-lived. Bears regained traction after recovery peaked at 1.0933, as subsequent weakness closed Read more…
Expectations for further moves by the Fed have an increasing impact on markets, pushing the dollar up to extreme highs and pressuring stocks. Futures are laying on an 84% chance of a 50-point rate hike Read more…
There are situations where retaining stock you know is overpriced is still worthwhile, Real Money Columnist Paul Price argues. Why would you ever hold onto a stock that’s overvalued? Real Money Columnist Paul Price recently Read more…
Germany ZEW Economic Sentiment dropped from -39.3 to -41 in April, but was better than expectation of -48. Current Situation Index dropped from -21.4 to -30.8, above expectation of -35.0. Inflation expectations dropped -43.4 pts Read more…
US equities and digital currencies dipped on Monday as investors refocused on the upcoming quarterly results by leading American companies. Banks like JP Morgan, Citigroup, and Wells Fargo are expected to publish weak results even Read more…