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Tighter Lending Standards
Lending officers at U.S. banks have informed the Federal Reserve that they've recently heightened their lending standards and observed a decline in demand for business loans over the past three months. According to the latest findings from the Federal Reserve's Senior Loan Officer Opinion Survey, there has also been a decrease in demand from households for various types of loans, including residential real estate, credit card, and auto loans. This report underscores the fact that banks are indeed implementing stricter lending practices. It's important to note that credit conditions have a direct impact on economic activity, prompting the crucial question of when these tighter conditions might start to constrain GDP growth, as highlighted by Nationwide economist Oren Klachkin.
Recent Highlights in Earnings Reports
Celanese Corporation CE 0.00%↑ reported $2.5 EPS beating the estimates with 13.64%.
Diamondback Energy FANG 0.00%↑ reported $5.49 EPS.
D.R Horton DHI 0.00%↑ reported $4.45 EPS.
Occidental Petroleum Corporation OXY 0.00%↑ reported $1.18 EPS.
Latest Analyst Grades Changes
DA Davidson upgraded BKNG 0.00%↑ from Neutral to Buy
USB upgraded CLX 0.00%↑ from Sell to Neutral
Barclays upgraded D 0.00%↑ from Equal-Weight to Overweight
What to Watch Today
DIS 0.00%↑, AMC 0.00%↑, and BIIB 0.00%↑ report earnings
FOMC Member John Williams Speaks at 1:40 PM EST
Recent Signals From Our Bots
Long on Eli Lilly and Company LLY 0.00%↑ on 6th of November at 586.94$
Forecasts
🕵Discovering hidden treasures.🕵
1) Rectangle Formation On ADBE 0.00%↑.
ADBE 0.00%↑ Price is starting to breakout the upper bound of the consolidation flag formation after forming a tripple bottom last week.
The formation has been forming over the span of more than 3-months, to be specific around 103 days, making it significant.
Volume has not significantly increased recently.
If break of structure happens with a big volume surge, then it would be confirming the trend-continuation. And potential new leg higher may be expected up to th zone of previous all time high.
On 26th October DA Davidson - Changed its grade on ADBE 0.00%↑.
From: Neutral
To: Buy
On 26th October Oppenheimer - Changed its grade on ADBE 0.00%↑.
From: Perform
To: Outperform
Both of those changes coincide with the third bottom in the price.
Triple bottom looks to have respected the 2-month average.
Revenue has been gradually growing every quarter since 2016.
EPS gradually growing as well.
P/E ratio bounced from 2-month average, confirming the “growthy” aspect of the stock.
😎 Cheers! 😎
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