Tag: bullish
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ON Semiconductor: Q3 Earnings Set Stage For Bullish Trend
mesh cube ON Semiconductor Corporation (NASDAQ:ON) disclosed Q3 2023 earnings, demonstrating robust revenue growth and impressive gross margins. The automotive and industrial sectors were particularly noteworthy, achieving record revenues, with the automotive market experiencing a significant year-over-year increase. This article extends the discussion initiated in the previous piece, delving into a technical examination and assessment…
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India’s most optimistic economist just got even more bullish
India’s GDP grew at a faster-than-expected 7.6 percent in the second quarter of 2023-24. India’s second-quarter GDP data, released on November 30, left one and all awestruck with a 7.6 percent growth rate, well above the consensus forecast of 6.8 percent and down slightly from 7.8 percent recorded in the April-June period. While most economists promptly…
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S&P 500: Bullish, Unless – Week Starting 4th December (Technical Analysis) (SP500)
cemagraphics Holiday season is underway and the S&P 500 (SPY) is approaching the 2023 high after the fourth best November performance ever. Meanwhile, the 10Y yield has broken back below the significant level of 4.32% (the 2022 high) and markets have discounted around 100bps of Fed cuts next year. Goldman Sachs pointed out “the month…
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Daily Voice | Sector tailwinds keep Anil Rego of Right Horizons PMS bullish on capital goods for long-term
Anil Rego of Right Horizons PMS “We are bullish on capital goods sector long-term due to sector tailwinds. The capex upcycle will witness infrastructure, power, renewable, petrochemicals and defence investments for the next few years,” Anil Rego of Right Horizons PMS said in an interview with Moneycontrol. He prefers companies with solid and diversified order…