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My Sister Has Been Emailing The HR Team At My Office Everyday, Telling Them To Increase My Salary — Lady Cries Out
~0.3 mins read

A lady has cried out that her sister has been emailing the HR team at her office everyday, telling them to increase her salary.

She said the HR at her work just called her today and she thought she was in trouble , only for them to tell her that her sister has been emailing them every day, telling them to increase her salary.

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Investopedia
Disney Announces Massive Theme Parks, Cruise Expansion At D23
~1.2 mins read

The Walt Disney Co. (DIS), which recently warned of slowing demand at its Experiences segment, is spending billions of dollars to expand its theme park attractions and its cruise ship fleet.

The announcements by the entertainment giant over the weekend flesh out details of the $60 billion, 10-year expansion of its theme parks and cruise operations it announced last year.

Among the announcements the entertainment giant reported at its three-day "D23: The Ultimate Disney Fan Event" in Anaheim, Calif.: the largest expansion in the 53-year history of Orlando's Magic Kingdom, with a new Villains Land and another inspired by the "Cars" franchise; new "Avengers" attractions in its California, Hong Kong, and Shanghai parks; and increasing its cruise ship fleet to 13 from nine by 2031.

Consumers' pullback on discretionary spending has affected Disney shares despite the company's better-than-expected third-quarter results last Wednesday, which saw its combined ESPN+, Disney+, and Hulu streaming unit turn a profit for the first time.

Chief Financial Officer (CFO) Hugh Johnson said during the entertainment giant's earnings call that Disney expects "a flattish revenue number" for the Experiences segment for "a few quarters."

Disney's shares are little changed an hour before the opening bell Monday but are down more than 4% year-to-date.

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Instablog9ja
I Own Four Mansions On The Island In Lagos — Crossdresser Bobrisky Resumes Their Story-telling Capable Of Sending One To The ICU
~0.2 mins read

Crossdresser Bobrisky has resumed their story-telling capable of sending one to the ICU.

She said this as she revealed that she own four mansions on the island in Lagos and can take you on a tour on the one she is currently staying.

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Investopedia
Watch These Akamai Stock Price Levels After Post-Earnings Surge
~2.1 mins read

Akamai Technologies (AKAM) shares surged more than 10% on Friday after the cloud services company reported strong earnings and lifted its profit outlook amid robust demand for the its computing and security offerings.

The better-than-expected report comes as welcome relief for Akamai shareholders who suffered through a decline of about 31% in the stock between February and June as investors fretted over slowing revenue growth in the company’s content division. However, these concerns were partially eased after Akamai reported that sales in its compute and security segments tallied two-thirds of total revenue for the first time as it aims to refocus on profitable areas of its business.

Below, we analyze Akamai’s chart and use technical analysis to outline key post-earnings price levels to watch out for.

Akamai shares carved out an inverse head and shoulders between May and August before staging a breakout above the pattern’s neckline following the company’s upbeat quarterly results.

Importantly, the move occurred on the highest trading volume since early May, increasing the likelihood for follow-through buying.

Looking ahead, there are four important price levels on the Akamai chart that investors should monitor.

The first sits around $102, less than half a percent above Friday’s close, where the shares face potential overhead resistance near the August 2023 earnings gap, the prominent October swing low, and a countertrend move that formed during April.

A close above this level could see the stock test $109, a location on the chart where sellers may look to lock in profits near the September and October twin peaks that align with a range of comparable trading levels from late February to early April. This area also sits near the closely watched 50% Fibonacci retracement level when applying a grid from the February high to June low.

The next level to watch lies around $113, where the shares may encounter resistance from a trendline linking a minor peak in November last year with the March high that formed towards the start of stock’s downward trending move between February and June.

Finally, ongoing buying could see the stock revisit the $120 level, where the price would likely attract selling pressure near the December 2023 swing high, which sits in close proximity to the upper trading levels of the Feb. 14 gap day.

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Instablog9ja
FG Deploys 10,000 Agro-rangers To 19 States, FCT To Combat Insecurity In Farms Across Nigeria
~1.7 mins read

The Federal government through the Nigeria Security and Civil Defence Corps (NSCDC) has announced the deployment of 10,000 agro rangers across the country, Nairametrics is reporting.

This is in a move to curtail insecurity across the food producing belt of the country which has negatively impact food production across the country in recent times.

The Special Assistant to President Tinubu on New Media, Olusegun Dada disclosed this in a post on his official X handle. According to the statement, the agro-rangers initiative is a partnership between the Ministry of Agriculture and Food Security and the Nigeria Security and Civil Defence Corp (NSCDC) noting that agro rangers will help protect farmers against malicious destruction of farmlands as well as farmer herder conflict.

The post reads, “As part of ongoing efforts to enhance food security in the Northern region and other parts of the country, the FG through the Nigeria Security and Civil Defense Corps(NSCDC) has deployed over 10,000 Agro Rangers across 19 states and the FCT.” “The Agro Rangers will, among other things; safeguard farmlands and protect farmers from escalating attacks, mediate conflicts between farmers and herders, and prevent malicious destruction of farmlands. While the food inflation crisis in the country is a function of many factors, insecurity has been a long term challenge and this collaboration between the NSCDC and the Federal Ministry of Agriculture and Food Security is expected to solve a major challenge faced by farmers across the country.”

The deployment of agro-rangers stems from earlier plans by the federal government through the National Economic Council (NEC) in February this year to establish agro-rangers as a short-term solution to the insecurity in the country pending when the long-term solution of state police is achieved.

Widespread insecurity, particularly in the northern region, has forced many farmers to abandon their lands, resulting in a significant decrease in food production and contributing to the rising food prices nationwide. Just last week, atta3ks on farming communities in Benue State, known as the nation’s food basket, led to the tragic de3ths of over 20 people.

As of July 2024, food inflation has surged to 40.87%. In response, the federal government has floated the idea of establishing state police forces. However, this proposal cannot be implemented through executive orders or solely by an act of parliament from the National Assembly, even though the bill to create state police has already passed its second reading in the legislature.

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Investopedia
Watch These XLK Tech Sector ETF Price Levels Amid Recent Volatility
~2.3 mins read

The Technology Select Sector SPDR Fund (XLK) is down 6% this month amid a downturn for technology stocks.

The fund has seen a volatile start to August amid concerns about the U.S. economy following several recent reports pointing to a softening of economic activity. XLK’s recent rebalancing in June, which increased its holding in artificial intelligence (AI) darling Nvidia’s (NVDA) from around 6% to 19% and reduced its allocation in iPhone maker Apple’s (AAPL) from about 22% to 5%, has also weighed on performance.

The rebalance means the fund didn’t fully capitalize on Nvidia’s impressive gains in the first half of year but realized a greater portion of its sharp correction in recent months. Since the June 21 rebalancing, Nvidia has dropped 17%, while Apple has gained 4%.

Below, we’ll take a closer look at the technicals on XLK’s chart and identify important price levels that investors will likely be watching.

Since topping out in early July, the ETF’s price has fallen as much as 20% from its record high as investors booked profits in mega-cap tech stocks. More recently, the fund broke down below the closely watched 200-day moving average (MA) during last Monday’s global rout but staged a recovery to reclaim the indicator by Thursday’s market close.

Amid the possibility for further volatility within the technology sector, investors should monitor these important support and resistance levels on XLK’s chart.

The first key support area to watch sits around $200, currently just below the 200-day MA, where the price will likely encounter buying interest near the psychological round number and a minor peak that formed in the early part of the fund’s trending move between April and July.

A failure to hold this level could see the ETF revisit lower support at $194, an area on the chart where investors could look for entry points near a horizontal line connecting the December 2023 swing high with comparable lows in April and August. This area also lies in close proximity to an uptrend line stretching back to the October 2022 low.

Initially, the fund’s price could run into overhead resistance near $210, where sellers could look to take profits around a trendline that links a period of March consolidation with a minor June pullback and the Aug, 1 pre-gap trading level.

Further bullish upside may drive a move to $218. This area could find resistance around the May peak and the daily high of several trading sessions in late July and early August, with the region also sitting just below the downward sloping 50-day MA.

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