Itifin index

ITIFIN index and ITIFIN Investment Ratio are without changes this week. Market sentiment is now in a neutral position for the second week in a row after a quite long negative period. Follow us for more essential insights.

Birkenstock Stock Opens at 41 USD, below the Shoe Maker’s IPO Price of 46 USD. Birkenstock Holding had revenue of 1.34B EUR in the twelve months ending March 31, 2023. In the fiscal year ending September 30, 2022, Birkenstock Holding had annual revenue of 1.24B EUR with 168.63% growth.

Apple CEO Tim Cook made his largest scheduled share sale in two years, dumping around 511 000 Apple shares. Tim Cook still holds about 3.28 million Apple shares. This selling program was prearranged and marked Cook’s biggest sale since August 2021. Apple CEO did not have any scheduled selling in 2022.

ITIFIN index, Market sentiment and ITIFIN Investment Ratio are without changes this week as well and the longest non-investment period still continues. Follow us for more essential insights.

Bond yields are soaring and it pressures the stock market. The 10-year Treasury yield is up to about 4.63%, even after it had already been hitting new multi-decade highs for the past few days.

Online grocery shopping services provider Instacart (CART) shares climbed 40% to 42 USD when it opened on the Nasdaq. Shares had been priced at $30. During the trading session, the price adjusted to 38 USD per share.

ITIFIN index, Market sentiment and ITIFIN Investment Ratio are without changes this week and and the longest non-investment period continues. Follow us for more essential insights.

Investors will be hoping for strength from Nike as it approaches its next earnings release, which is expected to be September 28, 2023. On that day, Nike is projected to report earnings of $0.73 per share, which would represent a year-over-year decline of 21.51%.
In terms of valuation, Nike is currently trading at a Forward P/E ratio of ~26.08. This represents a premium compared to its industry's average Forward P/E of 12.45.

Goldman Sachs cut its recession odds to 15% and said it anticipates the Federal Reserve skipping a rate hike at its policy meeting later this month.

ITIFIN index, Market sentiment and ITIFIN Investment Ratio still remain unchanged this week. Follow us for more essential insights.

In August, the unemployment rate rose to 3.8%, up from 3.5% and the highest since February 2022. Economists had expected unemployment to remain unchanged at 3.5%.

Nvidia’s second-quarter earnings prove there is money to be made. “A new computing era has begun. Companies worldwide are transitioning from general-purpose to accelerated computing and generative AI,” Nvidia founder and CEO Jensen Huang said in a statement.
Nvidia has become the main supplier of the generative AI industry. The company’s A100 and H100 AI chips are used to build and run AI applications, notably OpenAI’s ChatGPT. Demand for these demanding applications has grown steadily over the last year, and infrastructure is shifting to support them.

ITIFIN Investment Ratio still remains at 0%. Follow us for more essential insights.

NVIDIA Corporation (NVDA) will report its second quarter earnings after the bell today in what will prove to be a key test for the AI mania that has swept through the market throughout the first half of the year.
Expectations are sky high for Nvidia. In May, the company smashed Wall Street’s second quarter revenue guidance expectations of $7.2 billion, saying it anticipated revenue of $11 billion, plus or minus 2%.
While Nvidia stock has already rocketed 220% year to date, analysts continue to make bullish calls on the company, raising price targets to $500 and higher.

U.S. Treasury yields climbed on Monday as investors remain concerned that interest rates could remain higher for longer than expected. The yield on the 10-year Treasury was up by more than 8 basis points at 4.34%, trading near levels last seen in 2007. The 2-year Treasury yield was trading over 5 basis points higher at 4.98%

Stocks ended mixed on Friday, as investors mulled concerns over bond yields and rising interest rates. The S&P 500 and the Nasdaq Composite, meanwhile, fell 0.01% and 0.2%, respectively. Equities are facing a reversal of fortune that's been spurred by surging bond yields and surging borrowing costs. ITIFIN Investment Ratio remains at 0%. Follow us for more essential insights.

Shares of Tesla fell Tuesday, a day after the electric auto maker reported fourth-quarter vehicle production and delivery numbers for 2022. Company reported 1.31 million deliveries in 2022, growth of 40% over last year. Shares of Tesla plunged by more than 53% over the last quarter of 2022. Tesla stock is starting 2023 on the wrong foot after the automaker reported a delivery miss for the fourth quarter. -13.9% Tuesday drop knocked the electric vehicle maker’s market capitalization to 15th on the list of most valuation S&P 500 index companies.

A red week for stock markets. ITIFIN Investment Ratio remains at 100%. Follow us for more essential insights

Netflix (NFLX) shares have been on a tear over the last six months of the year. Shares of Netflix, down about 50% since the start of the year, have climbed more than 60% over the past six months.

Investment Ratio remains 100% and a difficult week for ITIFIN index. Follow us for more essential insights. Link in bio.

A tense week for stock markets. ITIFIN Investment Ratio remains at 100%. Follow us for more essential insights.

The U.S. Federal Reserve raised interest rates Wednesday by 75 basis points for the fourth straight meeting while hinting at a potential slower pace in the future. The rate hike brings the central bank’s policy rate, the federal funds rate, to a new range of 3.75% to 4%. Source: Federal Reserve Bank of St. Louis.

Uber Technologies, Inc. reported a third-quarter loss Tuesday but beat analysts’ estimates for revenue and gave strong fourth-quarter guidance. Loss per share: 61 cent loss vs. 22 cent loss expected by analysts. Revenue: $8.34 billion vs. $8.12 billion expected by analysts, according to Refinitiv. Revenue was up 72% year over year.

Investment Ratio stays at 100% level and one more great week for ITIFIN index. Follow us for more essential insights.

Netflix (NFLX) stock jumped Wednesday after a Wall Street analyst changed his stance on the internet television network from bearish to bullish.
Pivotal Research Group analyst Jeffrey Wlodarczak raised his rating on Netflix stock to buy from sell. He also jacked up his price target to a Street-high 375, from 200.
In afternoon trading on the stock market today, Netflix stock rose 3.6% to 301.49.

Bitcoin (BTC), the largest cryptocurrency by market capitalization, was trading at around $19,200, little changed in the past 24 hours. The historically high-volatility crypto market remained unusually stable this week compared with traditional markets whipsawed by speculation over the Federal Reserve’s plans.

News that Lockheed Martin turned in better than expected third-quarter earnings did almost nothing for the stock, but investors appear to love the idea of a big stock buyback. The company earned $6.71 per share in the third quarter on revenue of $16.6 billion, roughly in line with analyst expectations for $6.70 per share in earnings on revenue of $16.65 billion. The company also said it had authorized an additional $14 billion in share-repurchase authority equal to about 12% of its market capitalization at current prices and a 7% boost to its dividend.

Investment Ratio remains 100% and a tense week for our ITIFIN index. A scheduled update to our data calculation engine is scheduled for 10/18/2022, link in bio. Follow us for more essential insights.

Shares of Moderna surged more than 10% after the drug maker announced it will partner with Merck to jointly develop and sell a cancer vaccine. Moderna’s vaccine is being studied in combination with Merck’s Keytruda to treat patients with high-risk melanoma in a Phase 2 trial. Link in bio.

Investment Ratio is 100% and one more great week for ITIFIN index. Follow us for more essential insights.