Investment Managers Series Trust III FPA Global Equity ETF (BATS: FPAG)

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CMCSA

Northern Lights Fund Trust III FPA Global Equity ETF

FPAG

iShares Dow Jones US Telecommunications Sector Index Fund

Comcast introduces NOW, offering prepaid and month-to-month options for affordable internet, mobile, and streaming services, catering to Americans seeking cost-effective connectivity.

Looking For Affordable Connectivity And Streaming? Comcast Unveils NOW - Eyes Prepaid And Month-to-month Internet

Investment Managers Series Trust III FPA Global Equity ETF

MMSI

Merit Medical Launches basixSKY Inflation Device

By <a href="https://roboforex.com/?utm_source=benzinga.com&amp;utm_medium=pr&amp;utm_campaign=rf_en_external_article_21052024&amp;utm_content=analysis&amp;utm_term=forecast">RoboForex </a>Analytical Department
The EUR/USD pair is gently declining towards 1.0858 on Tuesday but remains within a medium-term range.
This week sees few significant US statistics releases, which could provide investors with insights into future interest rate movements. However, numerous speeches from US Federal Reserve members are expected. Investors will be keenly listening for any indications about the Fed&#39;s monetary policy.
On Monday, several Fed officials advocated for maintaining a cautious monetary policy strategy, despite last week&#39;s data showing a reduction in inflationary pressures in April.
It is likely that all forthcoming comments from Fed officials will echo a similar sentiment&mdash;that the Fed remains patient and consistent. The Fed requires time to gather more data on easing price pressures. While there are indications of such easing, they are not yet systemic. This cautious approach has done little to alter investor expectations significantly. The market now anticipates that the Fed will lower rates twice before the end of the year, with the first cut expected in September.
<h3>EUR/USD Technical Analysis</h3>
<a href="https://www.benzinga.com/files/u117641/eurusdh4_53.png"><img alt="" src="https://www.benzinga.com/files/u117641/eurusdh4_53.png" style="height:278px; width:624px" /></a>
On the H4 chart, EUR/USD has formed a consolidation range below the level of 1.0890. A downward exit from this range could lead to a continuation of the downward wave to 1.0784. Breaking this level might further extend the trend to 1.0683, which is the first target of the decline wave. This scenario is technically supported by the MACD indicator, with its signal line at the maximums while the histograms are below the zero mark and continue to decline.
<a href="https://www.benzinga.com/files/u117641/eurusdh1_53.png"><img alt="" src="https://www.benzinga.com/files/u117641/eurusdh1_53.png" style="height:278px; width:624px" /></a>
On the H1 chart, the correction to 1.0883 has been completed. Currently, the structure of a downside wave to 1.0833 is forming. After reaching this level, a narrow consolidation range around it is expected. A downward exit from this range could open the potential for a further decline to 1.0785, which is the local target of the downward wave. This scenario is technically confirmed by the Stochastic oscillator, with its signal line below 80 and expected to decline to 20.
<h3>Summary</h3>
The EUR/USD pair remains in a consolidation phase with a gentle downward movement. Technical indicators suggest potential for further declines, but market participants will be closely watching Fed communications for any hints on future monetary policy, which could influence the pair&#39;s direction.
Disclaimer
Any forecasts contained herein are based on the author&#39;s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Technicals

Forex

Trading Ideas

Euro/Dollar In Consolidation

Asset Sales

Safe And Green Development Extend Closing Date Of Sale To June 20, 2024; Reached Agreement With Buyer To Increase Price From $1.35M To $1.4M In Addition, Purchase Price Paid In Cash With Elimination Of $450,000 Promissory Note

William Blair analyst Tim Mulrooney initiates coverage on Brink's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCO#NYSE">BCO</a>) with a Outperform rating.

Initiation

Analyst Ratings

William Blair Initiates Coverage On Brink's with Outperform Rating

WIIM

Eagle Materials shares are trading lower following worse-than-expected Q4 earnings.

Rail Vision Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RVSN#NASDAQ">RVSN</a>) (the "Company"), a technology company at the forefront of revolutionizing railway safety and the data-related market, today announced that it has received a notice of allowance from the United States Patent and Trademark Office for its innovative AI-based railway obstacle detection system.
Key Features of the Patent:
<ul>
<li>Advanced Electro-Optical Imaging: Utilizes single spectrum or multispectral imaging to capture comprehensive visuals of the train's pathway and its surroundings. &nbsp;</li>
<li>AI-Driven Image Processing: Incorporates deep learning through convolutional neural networks to precisely determine the railway path and detect potential obstacles along and near the path. &nbsp;
<ul>
<li>Enhanced Safety Measures: Aims to dramatically reduce collision risks, thereby increasing the safety of rail operations.</li>
</ul>
</li>
</ul>

RVSN

Rail Vision Received Notice Of Allowance For U.S. Patent On AI-Powered Railway Obstacle Detection System

GSX Techedu Inc. American Depositary Shares

GOTU

Gaotu Techedu shares are trading lower following Q1 earnings.

Neo-Concept International Signs MoU with Liwa Trading Enterprises To Establish JV In UAE; To Leverage NCI And Liwa To Expand Reach Of apparel Products And Services In EAE And Gulf Cooperation Council Region

ODDITY Tech shares are trading lower following a short seller report.

<ul>
<li>Gold prices have hit a new record of $2,450 per ounce, influenced by anticipations of a U.S. Federal Reserve rate cut.</li>
</ul>
<ul>
<li>Hedge funds have increased their bullish investments in gold futures.</li>
</ul>
<ul>
<li>Gold&#39;s value has surged 17% since the beginning of the year, with predictions suggesting it might reach up to $3,000.</li>
</ul>
The price of gold has reached a new record high of $2,450 per ounce, marking a significant milestone in the commodity markets.
This increase is mainly due to the expectation that the US Federal Reserve might lower interest rates by September, making gold more attractive to investors looking to preserve value.
Investor interest in gold has also grown, particularly among hedge funds, which have increased their bullish bets on gold futures.
This high demand highlights gold&#39;s status as a preferred safe-haven asset, especially during economic uncertainty and geopolitical conflicts.
Tensions in regions like Russia and the Middle East have further driven investors towards the safety of gold. Additionally, silver prices have also risen significantly, nearing an 11-year high.
Focusing on gold&rsquo;s recent performance, the precious metal has not only moved beyond the April 12th all-time high of $2,431, but has also maintained a strong upward trend throughout 2024.
Since the start of the year, gold has risen by an impressive 17%, with projections indicating further increases, potentially reaching $2,500 and even aiming for the significant $3,000 level.
The path to these record highs has had its ups and downs. For example, just before its latest surge, gold experienced a 6% dip between April 12th and May 3rd.
<img alt="2024-05-21_10-30-03.jpg" src="https://www.benzinga.com/files/u517520/2024-05-21_10-30-03.jpg" style="height:345px; width:624px" />
Despite occasional dips, market sentiment remains strong. This is evident from the current buying momentum, with a 6% increase in May alone. This rise follows a period of consolidation where gold prices fluctuated between $1,600 and $2,100 from August 2020 to March 2024, before eventually breaking out.
This demonstrates the metal&rsquo;s resilience and continued investor confidence in its value as both an asset and an investment.
After the closing bell on Monday, May 20, the commodity closed at $2425, trading up by 0.44%.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Commodities

Federal Reserve

Gold Shatters Expectations With A Record High Of $2,450 Per Ounce Amid Expectations Of Lower Interest Rates

In a&nbsp;major&nbsp;move,&nbsp;Alibaba Group Holding Ltd&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) slashed prices on its artificial intelligence services by up to 97%, prompting immediate reactions from competitors&nbsp;Baidu Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) and&nbsp;ByteDance Ltd.&nbsp;
This aggressive pricing strategy&nbsp;is expected&nbsp;to ignite a price war in China's emerging AI sector.
Baidu responded soon with free services based on its Ernie AI models, shortly after Alibaba announced price cuts on nine products utilizing its Tongyi Qianwen technology.&nbsp;
ByteDance had already set the stage last week by offering AI services at prices 99% lower than industry norms, benchmarking against Ernie and Alibaba's Qwen, reported&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-05-21/alibaba-sparks-china-ai-price-war-with-spate-of-steep-discounts?srnd=technology-ai&amp;sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a>.
These actions signal the beginning of fierce competition driven by pricing within the AI industry. The sector has attracted massive investments from startups and major tech firms like&nbsp;Tencent Holdings Ltd.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>).&nbsp;
The influx of capital has led to the creation of numerous AI models and&nbsp;a variety of&nbsp;consumer and enterprise products, all vying for a critical user base essential for advancing AI technologies.
For years, Chinese tech companies have used aggressive discount strategies across various markets, including e-commerce and ride-hailing.&nbsp;
Earlier this year, Alibaba triggered widespread price cuts in cloud computing by offering discounts of up to&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/03/37453606/alibaba-and-jd-com-engage-in-aggressive-price-cutting-intensifying-cloud-services-competition" rel="noreferrer noopener">55% on over 100 domestic services in March.&nbsp;</a>
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/05/38892364/alibaba-boosts-e-commerce-edge-with-ai-despite-shrinking-market-share" rel="noreferrer noopener">Alibaba Boosts E-Commerce Edge with AI, Despite Shrinking Market Share</a>
This move was swiftly matched by&nbsp;JD.com Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), showcasing the highly competitive nature of the market.
Like their Silicon Valley counterparts, Chinese tech giants like Alibaba are heavily investing in generative AI. Besides developing proprietary AI models, they&nbsp;are also funding&nbsp;promising ventures such as Baichuan and Zhipu AI, aligning themselves with the global trend led by companies like&nbsp;Microsoft Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
Amid these developments, Alibaba&nbsp;has undergone a major&nbsp;restructuring to reclaim users for its cloud business, which is integral to its AI operations.&nbsp;
The company recently surprised investors by canceling plans to spin off this segment into an independent, publicly traded entity.&nbsp;
Now under CEO&nbsp;Eddie Wu, Alibaba is concentrating on expanding its public cloud services, particularly those targeting enterprise clients, as it battles for market share against traditional rivals like Baidu and Tencent, as well as&nbsp;state-backed newcomers like&nbsp;Huawei Technologies Co.
BABA stock&nbsp;has gained over&nbsp;2% in the last 12 months.&nbsp;Investors can gain exposure to the stock via&nbsp;Invesco Golden&nbsp;Dragon China ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>) and&nbsp;ProShares Online&nbsp;Retail ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONLN#NYSE">ONLN</a>)
Price Action: BABA shares were trading lower by 2.55% at $86.03 in premarket at the last check on Tuesday.
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/05/38809034/china-urges-tech-giants-to-shift-away-from-nvidia-and-other-foreign-chip-makers-boost-domestic-a" target="_blank" rel="noreferrer noopener">China Urges Tech Giants To Shift Away From Nvidia And Other Foreign Chip Makers, Boost Domestic AI Chip Purchases: Report</a>
Photo by Fooksou Lamimo via Wikimedia Commons

BABA

BIDU

MSFT

ONLN

PowerShares Golden Dragon Halter USX China Portfolio

TCEHY

Alibaba Sparks AI Price War With Massive Discounts: Report

YYGH

YY Group Enters Australian Hospitality And Hotel Industry

NVDA

NVIDIA shares are trading lower following a report suggesting Amazon halted orders of the company's Superchip to await updated models.

Seamless and user-friendly experience streamlines compliance efforts and temperature monitoring for grocers nationwide

DGII

SmartSense Inks Expands Milestones With Jerry's Foods, Knowlan's Fresh Foods And Giant Eagle

SoFi Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, announced today the Q1 2024 placement of a $350 million personal loan securitization exclusively with funds and accounts managed by PGIM Fixed Income, a Prudential Financial company.

SOFI

SoFi Announces The Q1 2024 Placement Of A $350M Personal Loan Securitization

Phase 3 Data Collected to Date Sufficient for Submission of New Drug Application
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CTx-1301 Could Benefit &gt;60% of ADHD Patients Currently Using Immediate-Release Booster Doses
Advancing Discussions with Commercialization Partners
Ready to Engage with Payers for Reimbursement and Market Access&nbsp;&nbsp;&nbsp;

Biotech

CING

FDA Clears Cingulate To File For Marketing Approval Of CTx-1301 For ADHD Treatment

Seaport Global analyst Angie Storozynski downgrades AES (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>) from Buy to Neutral.

Downgrades

Seaport Global Downgrades AES to Neutral

As the S&amp;P 500 and Nasdaq 100 have once again made new all-time highs, and the Dow Jones Industrial Average has briefly broken above the 40,000 level for the first time, how should we think about further upside for our equity benchmarks?
<img alt="" src="https://www.benzinga.com/files/u1465983/spx_5-20.png" style="height:312px; width:624px" />
There are two general ways to play a chart pushing higher into uncharted territory, pun intended.&nbsp;First, we can use technical tools to identify potential upside objectives, using things like Elliott Wave or Gann or pattern measurements.&nbsp;I tend to avoid this sort of approach, only because I&rsquo;ve learned that when something is working, you want to keep it working as long as possible!
Peter Lynch famously compared this approach to growing a garden.&nbsp;If you&rsquo;re selling your winners and doubling down on your losers, it&rsquo;s like pulling your flowers and watering your weeds!&nbsp;To grow a beautiful garden, you want to pull the weeds and water your flowers.&nbsp;So in a portfolio context, that means riding winning stocks higher as long as they continue to help your portfolio.
So the second general approach is to become a trend-follower, tracking the uptrend and looking for signs of any change in that trend.&nbsp;Here&rsquo;s one chart I&rsquo;m using now to make that general assessment for the S&amp;P 500.
<img alt="" src="https://www.benzinga.com/files/u1465983/hyoas_.png" style="height:313px; width:624px" />
This chart has three series, starting with a high yield index option-adjusted spread from Bank of America.&nbsp;If you&rsquo;re confused by that wordy title, allow me to simplify.&nbsp;Bonds are quoted in terms of a spread above a risk-free rate.&nbsp;So US Treasury bonds are considered a &ldquo;risk-free investment&rdquo; because it is highly unlikely that the US government would be unable to pay interest on their debt obligations.&nbsp;Any corporate bond, issued by a particular company, by definition will bear additional risk than a Treasury bond.&nbsp;So a corporate spread of any kind tells you the additional yield you should expect to receive for taking on that additional risk.
Lots of corporate bonds include call options, meaning the bond can be redeemed by the company before maturity.&nbsp;In this case, we&rsquo;re using an &ldquo;option-adjusted spread&rdquo; which means you are stripping out those options to compare bonds on more of an apples-to-apples basis.&nbsp;And this spread is based on high yield or &ldquo;junk&rdquo; bonds, meaning the bonds of risky companies with lower credit scores.
So to summarize, we are tracking how much of a spread bond investors are demanding for taking on the risk of junk bonds.&nbsp;I&rsquo;ve plotted this series upside down because wider spreads mean additional risk, which usually means bad news for equities.&nbsp;You can see that when spreads are widening (the line is going lower on this chart), that tends to coincide with downtrends for the S&amp;P 500 (bottom panel).&nbsp;Conversely, narrowing spreads tend to coincide with uptrend for the major equity indexes.
High yield spreads are currently at the lowest levels in years, suggesting that bond investors are expecting a low-risk environment for the foreseeable future.&nbsp;If and when we see spreads start to widen, as they did in early April, that would be a bearish sign for stocks.
The middle series shows the VIX, because markets tend to rise on low volatility and stocks tend to drop with much higher volatility conditions.&nbsp;I&rsquo;ve plotted this series upside-down as well, because it makes it easier to compare volatility to the S&amp;P 500 trend.&nbsp;The VIX is also at its lowest levels that we&rsquo;ve seen in the last two years, demonstrating what I would describe as a low-volatility environment.&nbsp;If and when the VIX would increase above 15, and especially if it would eclipse the 20 level, that would indicate a much more bearish environment for risk assets like the S&amp;P 500 and Nasdaq 100.
To be clear, this chart is currently quite bullish, with the S&amp;P 500 trending higher along with narrow high yield spreads and very low volatility.&nbsp;If and when we see a widening of credit spreads, and if and when volatility begins to increase, that could be a great opportunity for equity investors to really question the sustainability of the bull market phase.
<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" frameborder="0" height="315" src="https://www.youtube.com/embed/QPdT7dTZTdY?si=ZjOHBJv-YztwrN3r" width="560"></iframe>
RR#6, Dave
PS- Ready to upgrade your investment process?&nbsp; Check out my <a href="https://www.marketmisbehavior.com/freecourse">free behavioral investing course</a>!
David Keller, CMT Chief Market Strategist StockCharts.com
Disclaimer: This blog is for educational purposes only and should not be construed as financial advice.&nbsp;The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.&nbsp;&nbsp;
The author does not have a position in mentioned securities at the time of publication.&nbsp;&nbsp;Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

The One Chart To Watch As S&P 500 Makes New All-Time Highs

<ul>
<li>NVDA</li>
<li>AI</li>
<li>HIMS</li>
<li>TSLA</li>
<li>DJT</li>
<li>GME</li>
<li>PANW</li>
<li>TNDM</li>
<li>BB</li>
<li>QQQ</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

Hims & Hers Health, Inc. Class A Common Stock

HIMS

PANW

TNDM

TSLA

Top 10 Trending Stocks On WallStreetBets As Of May 21, 2024 (Via Swaggy Stocks)

ASML Holding NV&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) and&nbsp;Taiwan Semiconductor Manufacturing Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) can remotely turn off their sophisticated chipmaking machines if China invades Taiwan, Bloomberg&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-05-21/asml-tsmc-can-disable-chip-machines-if-china-invades-taiwan?srnd=homepage-asia&amp;sref=TBDibEcD" rel="noreferrer noopener">reports</a>.
U.S. government officials have discussed with Dutch and Taiwanese authorities the potential consequences if China&#8217;s aggression towards Taiwan escalates into an attack. These discussions have raised&nbsp;concerns&nbsp;given Taiwan&#8217;s critical role in global semiconductor production,&nbsp;
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38334748/pay-more-for-chips-made-outside-taiwan-as-ai-demand-soars-and-global-expansion-continues-taiwan-semi" rel="noreferrer noopener">Pay More for Chips Made Outside Taiwan as AI Demand Soars and Global Expansion Continues: Taiwan Semiconductor</a>
During a meeting with the Dutch government, ASML confirmed its ability to deactivate these machines remotely despite the threat. The Netherlands has conducted invasion simulations to better evaluate the risks.
This remote shutdown capability is specific to ASML&#8217;s line of extreme ultraviolet (EUV) machines. It is crucial for producing the smallest and most advanced microchip transistors, with TSMC being the primary client.&nbsp;
These EUVs, essential for AI and sensitive military technologies, are the only ones of their kind and are produced exclusively by ASML in Veldhoven.
ASML&#8217;s EUV machines, each costing over 200 million euros, are tightly regulated. Influenced by U.S. pressures, the Dutch government restricts ASML from selling these machines to China due to the potential advantages it could give in the global semiconductor competition.
U.S. influence has also led to the Dutch government&#8217;s recent actions to stop exports of ASML&#8217;s highly sophisticated chipmaking machines to China.&nbsp;
Before this, U.S. officials had already influenced ASML to cancel certain deliveries to Chinese firms.
ASML anticipates that the latest export-control measures will impact up to 15% of its sales to China this year.
<a target="_blank" href="https://www.benzinga.com/government/24/03/37892574/asml-faces-setback-as-huawei-innovates-beyond-euv-restrictions-with-breakthrough-patent" rel="noreferrer noopener">Prior reports indicated</a>&nbsp;Huawei Technologies Co&#8217;s&nbsp;self-aligned quadruple patterning (SAQP) patent bypassed the need for ASML&#8217;s EUV machines, which&nbsp;are&nbsp;restricted&nbsp;by&nbsp;U.S.&nbsp;embargo.
In November, Huawei outbid&nbsp;Nvidia Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) for a significant artificial intelligence chip order from&nbsp;Baidu Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) as U.S. sanctions took effect.&nbsp;
Simultaneously,&nbsp;Alibaba Group Holding Limited&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and other Chinese companies reportedly planned substantial cuts in their Nvidia chip orders. Chinese cloud companies expect to reduce their orders for high-end AI chips from Nvidia.&nbsp;
Despite a 5.5% decrease in overall imports in 2023, China&#8217;s imports of chipmaking machines surged by 14% to nearly $40 billion, the highest since 2015. This spike included a notable increase in imports from the Netherlands, driven by anticipation of stricter export controls.
Price Actions:&nbsp;ASML shares traded lower by 1.21% at $928.04 premarket&nbsp;at the last check on Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via ASML

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Latest News for Investment Managers Series Trust III FPA Global Equity ETF (BATS:FPAG)

Thursday, April 18, 2024