In today’s briefing:
- NASDAQ 100 E-Mini Futures (NQ1) – Multiple Bullish Triggers Confirm a Multi-Month Uptrend Bias
- Binance Volume Plummets After End of Zero-Fee Trading
- Athlete-Direct-to-Fan: The Future or FAD?
- Equifax Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report
- Equifax Inc.: Initiation of Coverage – Business Strategy & Key Drivers
- Goldman Sachs jumps back into the supercycle boat // Trafigura CFO sees more Volatility ahead
- Hologic Inc.: Initiation of Coverage – Post-Pandemic Impact & Key Drivers
- Hologic Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report
- C.H. Robinson Worldwide Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report
- C.H. Robinson Worldwide Inc.: Initiation of Coverage – Business Strategy & Key Drivers
NASDAQ 100 E-Mini Futures (NQ1) – Multiple Bullish Triggers Confirm a Multi-Month Uptrend Bias
- At TMA we deliver high probability outcomes by focusing on our 3 pillars of technical analysis. •1) Response to key levels. •2) Price action. •3) Momentum confirmation.
- Q1 2023 has confirmed that the material 2022 downward correction is likely complete. Subsequently, after a period of correction, the resumption of the Q4/Q1 uptrend was confirmed.
- Bullish price triggers combine with positive MT/LT momentum triggers to initially target 13740. A break above 13740 is increasingly likely and would present a far more bullish MT outlook.
Binance Volume Plummets After End of Zero-Fee Trading
- On March 22, Binance halted its no-fee trading promotion for 13 BTC spot trading pairs, reversing a move that helped boost the exchange’s market share by more than 20% relative to its competitors.
- The exchange also announced that it would be eliminating trading fees for the BTC-TUSD pair, which was mothballed in September and only recently re-listed.
- It is unclear why Binance has chosen to promote its TUSD pair, although it appears the exchange has selected the stablecoin as a successor to BUSD, which is being phased out because of regulatory actions in the U.S.
Athlete-Direct-to-Fan: The Future or FAD?
- The way fans interact with sports has changed an incredible amount over the past 20 years.
- We’ve seen broadcasting, social media, streaming and such all impact the way fans consume the sports they love.
- The future of fan engagement is always a hot topic because things are always changing, of course.
Equifax Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report
- Equifax is one of the largest consumer credit reporting companies in the U.S.
- It has strong financial fundamentals which are helping it thrive in the turbulent business environment that includes an unprecedented decline in the mortgage market.
- Their global non-mortgage businesses has been performing well and is fueled by Workforce Solutions’ remarkable performance.
Equifax Inc.: Initiation of Coverage – Business Strategy & Key Drivers
- This is our first report on the multinational consumer credit reporting player, Equifax.
- Their global non-mortgage businesses performed exceptionally well, with constant currency revenue growth of 12% and constant organic currency revenue growth of 10%.
- Equifax further announced the acquisition of the Food Industry Credit Bureau.
Goldman Sachs jumps back into the supercycle boat // Trafigura CFO sees more Volatility ahead
- Goldman Sachs jumps back into the supercycle boat Goldman Sachs expects a commodities supercycle driven by China and the capital flight from energy markets and investment this month after concerns triggered by the banking sector, the U.S. bank’s head of commodities said.
- “Historically, when you have this kind of scarring event, it takes months to get capital back … We will still get a deficit by June and it will drive oil prices higher.”
- Jeff Currie, global head of commodities for Goldman Sachs, told the Financial Times Commodities Global Summit on Tuesday.
Hologic Inc.: Initiation of Coverage – Post-Pandemic Impact & Key Drivers
- This is our first report on Hologic, Inc., a renowned medical technology giant focused on women’s health.
- However, Breast Health lost 5.2%, indicating that its recovery from supply chain headwinds caused by chips is in progress.
- Their Women’s Health molecular diagnostics and cytology basis enable sustainable growth, foster beneficial connections with leading labs and key opinion leaders, and open the door for further innovative products.
Hologic Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report
- Hologic, Inc. is a well-known medical technology giant focused on women’s health.
- In Diagnostics, they maintained top positions in key product categories for women’s health, like STIs and cervical cancer.
- Their Women’s Health molecular diagnostics and cytology basis enable sustainable growth, foster beneficial connections with leading labs and key opinion leaders, and open the door for further innovative products.
C.H. Robinson Worldwide Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report
- C.H.
- Robinson is a global provider of multimodal transportation and third-party logistics service.
- Freight demand has deteriorated, negatively impacting the top-line but the contractual truckload AGP per shipment increased, which resulted in some nominal growth in their AGP per truckload shipment.
C.H. Robinson Worldwide Inc.: Initiation of Coverage – Business Strategy & Key Drivers
- This is our first report on C.H.
- Robinson Worldwide, a well-known provider of multimodal transportation and third-party logistics service.
- Routing guide depth of tender, a proxy for their entire market, fell from 1.3 in the third quarter to 1.2 in the fourth quarter.
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