Author: starbpo

examining the “January barometer” and the “First five days of January indicator” for indications of bullishness Even over time spans of up to a year, the market’s short-term moves are generally unpredictable. The January fluctuations of the U.S. stock market thus far provide very little insight on the performance of stocks during the remainder of the year. When it became clear last week that Wall Street’s so-called Santa Claus rally period, which runs from Christmas through the first two trading days of January, would be a bust, I alluded to this conclusion. Since there is no statistically significant correlation between…

With HSBC cautioning that AMD’s “AI GPU roadmap is less competitive than we previously thought,” the company downgrades its stock. According to a newly cautious analyst, Advanced Micro Devices Inc. may encounter additional obstacles this year in its efforts to make significant headway in the Nvidia Corp.-dominated artificial intelligence chip industry. Frank Lee of HSBC took a more pessimistic view of AMD’s stock (AMD) on Wednesday, cautioning that the company’s momentum in AI graphics processing units may be muted following a dismal run last year that resulted in an 18% drop in AMD shares over 2024. During the same time…

The forward price-to-earnings ratio is the most popular way to figure out how much a stock is worth. This is the current price of a stock divided by what analysts at brokerage firms or research firms that give information to brokers think the business will earn per share over the next 12 months. People often say that the growing forward P/E ratio for the S&P 500 is proof that stocks will go down in general. But some S&P 500 SPX +1.26% stocks did better than the index as a whole last year, even though their forward P/E rates went down.…

AMD is giving $20 million to Absci, an AI drug company. Absci will use AMD chips and software. With the news of a new relationship and investment in startup Absci Corp., Advanced Micro Devices Inc. is going up against its bigger rival Nvidia Corp. in drug discovery powered by AI. An early trade on Wednesday saw Absci’s stock (ABSI) rise more than 30%. This was after the company announced that it had gotten a $20 million investment from new partner AMD to move its pipeline forward. Based in Vancouver, Wash. Absci said that the investment is set up as a…

Nvidia’s claims of huge market possibilities in robotics and self-driving cars could “comfort investors who are thinking about what might come next for the company.” Shares of Nvidia Corp. went down on Wednesday, adding to the big drops they had the day before, even though analysts told investors to look at the big picture. Wall Street wasn’t impressed by CEO Jensen Huang’s keynote speech on Monday night, but executives had another chance at them at an analyst meeting on Tuesday afternoon. The meeting covered a wide range of topics, from trying to get more information on the specifics of guidance…

Christopher Waller, the governor of the Federal Reserve, said on Wednesday that he wanted to see more interest rate cuts this year and that he didn’t think that Trump’s plans for import taxes would cause inflation to rise. Waller said this in a speech to the Organization for Economic Cooperation and Development in Paris: “I think more cuts will be right.” At their meeting last month, Fed officials decided that they would only cut interest rates by two quarter percentage points this year. This was less than the four cuts they had originally planned. Another surprise for the market was…

In the first quarter, Bitcoin could hit a record high above $125,000 or fall to around $77,000. One analyst said that the key will be whether new President Donald Trump keeps his promises to the crypto business soon after he takes office. If you look at Dow Jones Market Data, the biggest cryptocurrency, BTCUSD +0.01%, hit a record high of $108,309 on December 17. Since then, it has been shaky below the $100,000 mark. John Glover, chief investment officer at crypto lending platform Ledn and a former managing director at Barclays Investment Bank, says that the Elliott wave theory, a…

The odds of a rising stock market are not significantly different whether or not there is a Santa Claus rally. The lack of a “Santa Claus rally” does not doom the U.S. stock market in 2025. The time from Christmas through the second trading day of January marks the traditional definition of the Santa Claus rally. Over the past century, the U.S. stock market during this time has risen more frequently than over other periods of comparable length. This time, though, the market is more Scrooge-like. From Christmas through the second trade day of January, the Dow Jones Industrial Average…

Last year was a big one for the space sector, marked by SpaceX’s building momentum, Boeing Co.’s Starliner struggles, and a slew of activity from a host of names. So what can we expect in 2025? Ehud Behar, a physics professor at the Technion Israel Institute of Technology, said he was not surprised by the success of the likes of AST SpaceMobile Inc. The space-based broadband company launched its first five commercial satellites into space last year and also announced launch-services deals to provide space-based cellular broadband service coverage for key markets such as the U.S., Europe, Japan, and the…

Investors thought U.S. Steel would have a bad future after President Joe Biden used his legal power on Friday to stop Nippon Steel of Japan from buying the company. In early trade, U.S. Steel shares X -6.53% fell 6% to $30.43, continuing a drop that has put the stock price well below the $55 per share that Nippon Steel 5401 +1.18% agreed to pay. The day before the Nippon Steel deal was made in late 2023, U.S. Steel stock closed at $39.33. Since the deal was made, it hasn’t closed below $30. “A committee of national security and trade experts…