Mark O'Donnell - Benzinga

Articles by Mark O'Donnell

Gold Holding Above $1,900. But For How Long?

Gold Holding Above $1,900. But For How Long?

Gold has rallied by more than $300 per ounce over the last 10 weeks with only a brief period of consolidation around $1,800. Now, gold is tentatively holding above $1,900, after reaching $1,929 in yesterday’s trade, before closing the day slightly lower.

Three Stocks To Watch During The Typically Bullish January

Three Stocks To Watch During The Typically Bullish January

January has been historically a good month for stocks as some investors reenter the market after selling some of their holdings at the end of the year. The bullishness at the start of each year is dubbed the ‘January Effect’.

Twitter-Apple Feud All In Elon's head

Twitter-Apple Feud All In Elon's head

Twitter owner and Chief Executive Officer Elon Musk told a Twitter Spaces conversation on Dec. 3 that Apple has fully resumed advertising on the social media platform.

Dogecoin's December Trajectory - Everything You Need To Know

Dogecoin's December Trajectory - Everything You Need To Know

Dogecoin has now made its way through a trend reversal, after its sharp rise and pullback in the back half of October and first half of November. In October, (CRYPTO: DOGE) began a massive rally, gaining over +150% in just five days. About half of these gains have been given up now as some traders booked their profits.

Walmart, Target unveil Diverging Outlooks

Walmart, Target unveil Diverging Outlooks

Walmart and Target released diverging outlooks for the final quarter of 2022 as the companies' respective recent financial results show how rising inflation prompts consumers in the US to be extra mindful and plan their purchases instead of becoming abrupt buyers who will end up buying more than intended.

The Aftermath Of The Fed's Fourth 75bps Hike

The Aftermath Of The Fed's Fourth 75bps Hike

It's now official; the US Federal Reserve has enacted its fourth consecutive 75-basis-points rate hike, bringing its benchmark rate to the 3.75% - 4.00% range, which is the highest it has been since January of 2008.

Will The Pound Recover After Truss' Resignation?

Will The Pound Recover After Truss' Resignation?

The British pound is likely to see another few months of turmoil now that Prime Minister Liz Truss has resigned.

Will Earnings Season Push S&P To New Lows?

Will Earnings Season Push S&P To New Lows?

With the latest US earnings season underway, plenty of investors are still wary of making investment decisions. They hope that the earnings results will serve as guidance as to how the next few months will look like before factoring in fresh monetary policies and inflationary measures.

2 NASDAQ earning reports to watch in October

2 NASDAQ earning reports to watch in October

It’s that time of year again; earning session for US stocks. With so many other variables contributing to volatility in the US markets (e.g., inflation, Fed rate hikes, recession, oil prices, quantitative easing), anything out of the ordinary can result in huge moves in stock prices.

1 Week After Japanese Yen Intervention

1 Week After Japanese Yen Intervention

Last Thursday was an incredibly volatile trading session for the USD/JPY. This volatility was largely caused by the Bank of Japan's (BoJ) intervention in the currency markets to defend its depreciating currency, the Japanese Yen. Last week’s move was the first time since 1998 that the BoJ had intervened.

When, Why, And How Sterling Reaches Parity

When, Why, And How Sterling Reaches Parity

In just two trading days, the probability that the sterling will fall to parity against the US dollar increased to 60% on Sept. 26 from 32% on Sept. 23 after the UK government's announcement of new tax cuts elevated concerns for the country's economy.

The 5 Best Elliott Wave Indicators

The 5 Best Elliott Wave Indicators

In essence, Elliott Waves describes price movements as alternating between impulsive phases that establish the direction of the trend and corrective phases that oppose the direction of the trend.

Visualising victory For Ukraine And Oil Prices

Visualising victory For Ukraine And Oil Prices

Back in February, when Russia launched its invasion of Ukraine, a victory for Kyiv would have been almost impossible to imagine. It's the classic David and Goliath. Recent developments on the battlefront, however, are starting to paint a different picture, showing the possibility of Ukraine ending the conflict with a win.

Timing Is Everything: A Guide To Stock Trading Hours

Timing Is Everything: A Guide To Stock Trading Hours

Following the trading hours of a single stock exchange is no problem. But for international investors who have to keep track of multiple bourses, keeping tabs of schedules could be challenging especially when dealing with time-sensitive decisions.

Dow Jones Technical Analysis Ahead Of FOMC

Dow Jones Technical Analysis Ahead Of FOMC

The US headline CPI data released last week surprised the market with a smaller drop than expected. As such, a higher chance is being given to a 75-basis-points rate hike in the upcoming September FOMC meeting. The US stock market reacted with a major sell-off last week, signalling that the summer rally has overstayed its welcome.

700 Pip Downside Move In Gold

700 Pip Downside Move In Gold

One of the largest moves caused by the unexpected US inflation data has been in gold. Gold has finally broken through the monumentally important support level of $1,680 and has pushed all the way down to ~$1,660/oz. Gold achieved this huge break to the downside in one four-hour period.

Growth stocks: An Overview Into Risk-Heavy Investing

Growth stocks: An Overview Into Risk-Heavy Investing

For investors who do not mind taking a little risk and are already growing tired of the ins and outs of traditional investments, growth stocks are becoming attractive alternatives to pump the adrenalines of investment daredevils out there.

The GBP In The Rein Of King Charles

The GBP In The Rein Of King Charles

The death of Queen Elizabeth II on Sept. 8 beaconed a new era for the UK, coming on the heels of Elizabeth Truss taking office as prime minister and heralding the proclamation of King Charles as the new monarch.

US Dollar Forecast Ahead Of CPI

US Dollar Forecast Ahead Of CPI

US dollar bulls have seemingly halted their ascension as they wait for the US inflation data that is due this Tuesday. The market is predicting that August's headline CPI may edge lower by 0.1%, further strengthening the case that US inflation has peaked.

Why Is Anil Ambani's Reliance Power Up 40%?

Why Is Anil Ambani's Reliance Power Up 40%?

Shares of Reliance Power (NSE: RPOWER) have been volatile after the Indian electric company secured a long-term debt agreement for up to 12 billion rupees ($150.4 million) from private equity firm Varde Partners, a US-based investment firm focused on distressed assets in India.