Record ocean heat has taken a devastating toll on one of the world’s greatest natural wonders, with coral bleaching on Australia’s Great Barrier Reef reaching “catastrophic” levels, a new study has found. More than 50% of affected corals monitored near an island in the reef’s south were killed last year…
South Sudanese authorities have suspended access to social media platforms for a minimum of 30 days after videos depicting the alleged killings of South Sudanese nationals in Sudan’s El Gezira state triggered riots and deadly revenge attacks. The block was to be implemented at midnight on Wednesday, Napoleon Adok, director…
The British navy said Wednesday that it is ramping up measures to protect its waters from secret Russian operations after identifying a Russian spy vessel in UK waters for the second time in weeks. The Russian spy ship, called Yantar, sailed through the English Channel this week, according to the…
“I would prefer to stay out of politics,” Elon Musk told his followers in 2021, on the platform then known as Twitter. Plenty has changed since then. Musk now owns the social media giant, renamed X and repurposed as his personal soapbox. He has welcomed back far-right agitators banned under…
As advancements in medical technology continue to shape the healthcare landscape, DexCom, Inc. (DXCM) stands out with its innovative continuous glucose monitoring solutions. Recent price action suggests that DXCM’s stock price has triggered a potentially new bullish run. In this article, I will examine the technical and fundamental factors behind…
So far, this has been a fairly entertaining start to the new year! The S&P 500 started off with a bounce to 6050, pushed briefly below our line-in-the-sand level of 5850, and then finished this week with a retest of 6000. While the VIX remains fairly low relative to historical levels, it…
Mid-caps show leadership and were the first to trigger a breadth thrust. Stocks surged this week with mid-caps showing the highest participation rate. Chartists can quantify the participation rate and identify breadth thrusts using the percentage of stocks above their 20-day SMAs. We will analyze these indicators for six broad…
Energy Replaces Technology At the end of this week, 1/17/2024, the Technology sector dropped out of the top 5 and will be replaced by Energy. The ranking in the top 5 has also changed. XLY is still number one but XLF raised to the #2 spot, pushing XLC down to…
When I look back at leading industry groups for the past day, week, month, 3-month, 6-month, and 1-year periods, only one industry group has been among the Top 20 industry groups for each of those 6 different periods. It’s a group that I liked heading into 2024 and it’s a…
Our strategy at EarningsBeats.com just simply makes good common sense. If you want to find the best earnings reports BEFORE they’re reported, follow relative strength. I’ve explained this many times, but let me do it again. Wall Street firms talk to management of companies throughout the quarter until four weeks…