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Wed, Apr 24th, 2024
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Meta more than doubles Q1 profit but revenue guidance pulls shares down after-hours

Facebook and Instagram parent company Meta says its first-quarter profit more than doubled, boosted by higher advertising revenue and a 6% increase on the average price of ads on its platforms

FB : 196.64 (+0.51%)
$SPX : 5,071.63 (+0.02%)
$DOWI : 38,460.92 (-0.11%)
$IUXX : 17,526.80 (+0.32%)
Grain Spreads: Beans Hit 50% Retracement

Beans Hit Target and Fail for Now

How US changes to 'noncompete' agreements and overtime pay could affect workers

For millions of American workers, the government took two actions this week that could bestow potentially far-reaching benefits

$SPX : 5,071.63 (+0.02%)
$DOWI : 38,460.92 (-0.11%)
$IUXX : 17,526.80 (+0.32%)
Biden just signed a bill that could ban TikTok. His campaign plans to stay on the app anyway

President Joe Biden’s signing of legislation that could ban TikTok in the U.S. runs counter to his campaign’s embrace of the platform and outreach to influencers

Crude Oil Volatility with Geopolitical Events

How might geopolitical event affect crude oil and other commodities? Since implied volatility is a measure of future uncertainty and anxiety, it can be used to help to understand the long term effects...

CBN24 : 87.04s (-0.40%)
Soybeans Falter to Weakness on Wednesday

Soybeans faded the earlier morning strength, as contracts were mixed but well off the highs. Futures closed with contracts anywhere from down 1 ½ to up a penny. Soymeal posted some strength on the day,...

ZMN24 : 349.2s (+0.90%)
ZLN24 : 45.27s (-1.33%)
ZSK24 : 1166-0s (-0.13%)
ZSPAUS.CM : 11.1383 (-0.13%)
ZSN24 : 1181-4s (-0.04%)
ZSX24 : 1174-4s (+0.04%)
ZSPX24US.CM : 11.1413 (+0.05%)
Hogs Close Mostly Lower, USDA Shows Slight Build to Pork Stocks

Lean hogs closed the midweek session with contracts a dime to $1.22 lower, as August was the lone exception, up a nickel. USDA’s National Average Base Hog negotiated price was down 36 cents on Wednesday...

HEK24 : 97.350s (-1.24%)
HEM24 : 107.450s (-0.46%)
HEN24 : 109.850s (-0.09%)
Cotton Posts Midweek Losses

Cotton futures were down anywhere from 39 to 187 points on Wednesday. The outside market influences put pressure on the market, with crude oil down 54 cents/barrel and the UD dollar index up 160 points....

CTK24 : 79.51s (-0.89%)
CTN24 : 81.01s (-0.87%)
CTZ24 : 77.69s (-0.50%)
Cattle Back to Retreat Mode on H5N1 Virus News

Live cattle ended the day with weakness, as contracts were down $1.20 to $2.12 on Wednesday. This morning’s Fed Cattle Exchange auction saw no sales on the 894 head listed, with bids of $181 and asks...

LEJ24 : 182.100s (-0.68%)
LEM24 : 175.250s (-1.07%)
LEQ24 : 173.375s (-1.21%)
GFJ24 : 243.100s (-0.27%)
GFK24 : 244.100s (-0.79%)
GFQ24 : 256.300s (-1.20%)
Wheat Extending Bull Run

The wheat complex is continuing to lead the grains bull charge this week. Kansas City futures were up 10 ¾ to 16 ¾ cents on the session. Chicago contracts were up 9 ½ to 12 cents at the close. Spring...

ZWK24 : 594-4s (+1.62%)
ZWN24 : 613-0s (+1.70%)
KEK24 : 624-2s (+2.55%)
KEN24 : 630-0s (+2.56%)
MWK24 : 679-0s (+1.88%)

Chart of the Day

Allstate Corp (ALL)

The Chart of the Day belongs to the P&C insurance company Allstate (ALL) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart...
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