Moody's Ratings has today upgraded Constellium SE's ("Constellium") long term corporate family rating (CFR) to Ba3 from B1; its probability of default rating (PDR) to Ba3-PD from B1-PD; and the rating of its backed senior unsecured notes to Ba3 from B1. The rating agency also changed the outlook on ...
Long-Term Breakouts for Emerging & Frontier Markets The bullish outlook we initiated in early November 2023 remains intact. The S&P 500 and Nasdaq 100 (QQQ) still refuse to close below their 20-day MAs/21-day EMAs for more than 2-3 consecutive days -- and even if/when they do, important supports are close by, including at 4983-5050 on the S&P 500 and $425-$433 on QQQ (gap supports from 2/22/24). The Fed's next move is almost guaranteed to be a cut (though when it happens is up for debate). And ...
More Long-Term Breakouts; Bullish Outlook Intact We remain bullish on the S&P 500 and Nasdaq 100 (QQQ), as they both refuse to close below their 20-day MAs or 21-day EMAs for more than 2-3 consecutive days. There is nothing that says this can't continue. With that said, once we do get 2-3 closes below the 20-day MAs or 21-day EMAs on the S&P 500 and QQQ, it would mark the beginning of a pullback (a potentially rapid one, at that), with next supports currently at 4983-5050 on the S&P 500 and $42...
Moody's Investors Service ("Moody's") has today changed the outlook to positive from stable on Constellium SE (Constellium). Concurrently, Moody's has affirmed Constellium's B1 corporate family rating (CFR), its B1-PD probability of default rating (PDR), as well as the B1 rating of its backed senior...
Moody's Investors Service ("Moody's") has today upgraded Constellium SE's ("Constellium") long term corporate family rating (CFR) to B1 from B2; its probability of default rating (PDR) to B1-PD from B2-PD; and the rating of its senior unsecured notes to B1 from B2. The rating agency also changed th...
Awaiting Powell's Speech Today and CPI Thursday We currently see the market indexes as consolidating within broad horizontal trading ranges, and we expect these ranges to continue for months, and quite possibly for the entirety of 2023. We see the top-end of the range at 4100-4165 on the S&P 500, while the bottom-end is at the 2022 lows (3490). In our view, reducing risk near resistance and adding risk near support will be key to outperforming in 2023 (alongside Sector/stock selection). Shorter...
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