Articles for author: Ron Finklestien

March 27, 2024

Ron Finklestien

The Enduring Allure of the Foreign Exchange Carry Trade

By Saqib Iqbal Ahmed The Unexpected Continuation of a Lucrative Trade NEW YORK, March 27 (Reuters) – Despite initial projections of its demise, the foreign exchange markets find themselves in a peculiar state of tranquility, prolonging the viability of the lucrative carry trade beyond expectations. The carry trade, a strategy involving borrowing in a low-interest-rate currency to invest in a higher-yielding currency, was anticipated to wane as major central banks shifted from rate hikes to easing their policies. However, the anticipated shift has not materialized, maintaining stability in currency markets and allowing the carry trade, which thrives on such stability,

March 27, 2024

Ron Finklestien

JEPQ ETF Analysis: Harnessing a 9% Yield from Technological Giants JEPQ ETF Analysis: Harnessing a 9% Yield from Technological Giants

Investors navigating the volatile waters of the market are often torn between reaping the benefits of tech stock growth and garnering income through dividend stocks. With a robust portfolio packed with premier tech stocks and a generous 9% dividend yield, the JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) stands as a beacon, offering a dual advantage in a single ETF. My optimism for this sought-after dividend ETF from JPMorgan Chase & Co. (NYSE:JPM) stems from its collection of top-rated tech and growth stocks, monthly dividend disbursement, and above-average dividend yield. Yet, every investment avenue comes laden with risks, and it’s

March 27, 2024

Ron Finklestien

Exciting New Apple Maps Update Rumored for iOS 18 Exciting New Apple Maps Update Rumored for iOS 18

Apple Inc. AAPL is reportedly planning to add “custom routes” support to Apple Maps in the highly anticipated iOS 18 update. This feature will allow users to enter their chosen navigation paths, marking a significant expansion from the current pre-selected routes. Anticipated Navigation Upgrade What Happened: MacRumors has reported that Apple is potentially introducing a “custom routes” feature in the iOS 18. The discovery was made through a review of code associated with Apple Maps. Apple Maps does not permit users to enter their preferred routes, and it is restricted to Apple’s pre-set options. However, this is set to change

March 27, 2024

Ron Finklestien

The Earnings Rollercoaster: Ouster’s Results for Q4 2023

Source: iQoncept / Shutterstock Ouster (NYSE:OUST) has just unveiled its financial performance for the final quarter of 2023. While Ouster’s earnings per share stood at -95 cents, falling short of the estimated figure of -83 cents projected by analysts. On the revenue front, the company reported a robust $24.44 million, surpassing the analyst consensus of $24.06 million by 1.60%. InvestorPlace Earnings, powered by TradeSmith data, provides automated coverage of quarterly earnings. The project delivers critical insights such as earnings per share and revenue, alongside comparisons to analyst forecasts. These reports are disseminated promptly, without human intervention, ensuring our audience is

March 27, 2024

Ron Finklestien

Progress Software Q1 2024 Triumph: Exceeds Earnings and Revenue Expectations

Reigning Victorious Source: iQoncept / Shutterstock Progress Software (NASDAQ:PRGS) recently disclosed its performance for the initial quarter of 2024. Surpassing expectations, Progress Software’s earnings per share landed at $1.25, outshining the anticipated $1.14. The organization achieved a revenue of $184.69 million, surpassing projections by 1.53%, which forecasted revenue at $181.91 million. InvestorPlace Earnings utilizes TradeSmith data to automatically generate coverage on quarterly earnings. This approach swiftly delivers key metrics like earnings per share and revenue, along with performance relative to analyst predictions. These reports are crafted with efficiency to promptly update our readers. To address any concerns, reach out to

March 27, 2024

Ron Finklestien

PaySign Triumphs in Q4 2023 Earnings Report, Exceeds EPS and Revenue Expectations

Outshining Expectations in Q4 2023 Source: iQoncept / Shutterstock PaySign (NASDAQ:PAYS) recently unveiled its financial performance for the fourth quarter of 2023. Remarkably, PaySign exceeded analysts’ predictions by reporting earnings per share of 10 cents, significantly surpassing the estimated 2 cents. The corporation achieved a revenue of $13.69 million, which was a notable 8.47% better than the anticipated $12.62 million. InvestorPlace Earnings, powered by TradeSmith data, swiftly disseminates vital insights from quarterly reports. This project provides a breakdown of key metrics such as earnings per share and revenue, along with a comparison to analyst projections. The streamlined articles allow readers

March 27, 2024

Ron Finklestien

The Bumpy Road Ahead for Snap Inc.: A Looming Descent to Penny Stock Status

As we witness the plight of Snap (NYSE:SNAP), the writing on the wall is becoming increasingly clear. In my previous cautionary note at the $15.90 mark, I foresaw an unfounded stock spike hinting at trouble ahead. Today, with Snap teetering at $11.31, my apprehension has only seen further validation. With a backdrop of consecutive operational deficits and a glaring absence of robust free cash flow to justify its valuations, Snap appears to be inching closer to the precipice of penny stock status, a fate that seems increasingly inevitable for the social media entity. The Growth Standstill amidst Peer Prosperity At

March 27, 2024

Ron Finklestien

The Astonishing Cost Efficiency of Building an Optimus Robot Compared to a Tesla EV, Revealed by Elon Musk

Astounding RevelationsTSLA innovator, Elon Musk, disclosed that bringing the humanoid robot, Optimus, to life only commands half the expense of constructing an electric vehicle. Technical Complexity Unveiled Musk articulated on X, “Complexity per unit mass is much higher with humanoid robots…but still, I think it ends up costing less than half of a car.” In response to Sam Korus, the research director at ARK Invest, Musk concurred that the primary obstacles to scaling humanoid robots lie in software proficiency rather than production hurdles. Significance Unpacked Musk’s affirmations coincide with his earlier enthusiasm during Tesla’s Q4 earnings call in January, where

March 27, 2024

Ron Finklestien

GT Biopharma Shines Bright: Q4 2023 Earnings Surpass Analyst Expectations

Source: iQoncept / Shutterstock GT Biopharma (NASDAQ:GTBP) has just unveiled its performance for the final quarter of 2023. Surpassing expectations, GT Biopharma posted earnings per share of -$2.14, outstripping the projected EPS of -$2.70. Notably, the company did not disclose any revenue figures for this quarter. InvestorPlace Earnings is a cutting-edge initiative that harnesses insights from TradeSmith to automate the coverage of quarterly earnings reports. This pioneering approach distills vital information including earnings per share, revenue details, and how a company fares against analyst forecasts. These reports are generated seamlessly without direct human input, enabling swift dissemination of the most

March 27, 2024

Ron Finklestien

Unlocking Potential: Micron’s Momentum Amid AI Tailwinds

A Closer Look at Micron’s Growth Trajectory Micron Technology (NASDAQ: MU) recorded robust Q2 FY’24 results, buoyed by soaring memory prices and escalating demand for High Bandwidth Memory (HBM) tailored for AI applications. With revenue hitting $5.82 billion, a jump of 57% year-over-year, Micron reaped a net income of $793 million compared to a $2.3 billion net loss in the prior year. Projections for Q3 paint a promising picture, with anticipated revenue of $6.6 billion luring investors with a 10% lead over consensus estimates, hinting at a significant 64% climb year-on-year. AI Impact: A Catalyst for Memory Market Surge Fueling