Wolfe Research has identified a list of stocks that are prime targets for short sellers, a strategy that involves borrowing shares of a target stock, selling them on the open market, and hoping for the price to decline. The firm uses various screens to analyze factors such as valuation, earnings quality, capital allocation, and sentiment
Lululemon, a popular athletic apparel retailer, recently reported flat comparable sales in the Americas, its largest market. Despite beating Wall Street’s earnings estimates, the company only narrowly topped revenue expectations. The company’s full fiscal year guidance suggests that it is optimistic about conditions improving in the back half of the year. In the first fiscal
Boeing CEO Dave Calhoun is scheduled to testify before a Senate panel on June 18 in response to whistleblower allegations and concerns surrounding quality control at the company. This comes as Boeing continues to grapple with a safety crisis following the tragic crashes of its 737 Max planes in 2018 and 2019. Senator Richard Blumenthal
Recently, Bitcoin reached a major turning point in the cryptocurrency market by achieving an all-time high on one of its most crucial charts. This significant milestone sheds light on the macroeconomic factors propelling Bitcoin’s current bullish trend, particularly its relationship with global liquidity (M2). Bitcoin is currently trading around $70,868, signaling a clear upward trajectory.
Michael Saylor, the cofounder of MicroStrategy, continues to share Bitcoin-themed tweets on a daily basis. In one of his recent tweets, he shared an AI-generated photo of a bee inside a beehive with a Bitcoin mascot. This tweet invites people to “Join the Swarm,” referring to the growing global community of BTC believers and holders.
Recently, Kansas legislative leaders extended a formal invitation to the Kansas City Chiefs, urging them to contribute to a stadium project with the assistance of bonds. This initiative was presented through a letter released by Senate President Ty Masterson and House Speaker Dan Hawkins. The letter emphasized the benefits of the proposed Professional Sports Franchise
While Moonbeam Network’s 2024 Roadmap promises significant technical improvements such as the introduction of parallel processing to increase throughput by 8 times and asynchronous backing to quadruple block space, the article fails to adequately explain the technical details behind these enhancements. Without a clear understanding of how these changes will be implemented and what impact
The Canadian dollar is anticipated to strengthen less than previously expected over the upcoming year, according to a recent Reuters poll. An analysis conducted by 40 foreign exchange analysts suggested that the loonie will remain relatively stable at 1.37 per U.S. dollar in the next three months, with a slight increase to 1.33 in a
The Dubai Mall, known as one of the largest malls in the world, is gearing up for a significant expansion that comes with a hefty price tag of 1.5 billion dirhams ($408 million). As it stands, the mall boasts an impressive array of facilities, including 1,200 stores, 200 food and beverage vendors, an aquarium, an
The U.S. dollar has seen a significant increase in strength in early European trade, bouncing back from two-month lows. The Dollar Index, which tracks the greenback against a basket of six other currencies, rose 0.2% to 104.265. This increase comes after the dollar dipped below 104 for the first time since early April earlier this