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Citi Upgrades Gilead To Buy With $103 Target Following Tax Reform

Citi Upgrades Gilead To Buy With $103 Target Following Tax Reform

  Citi analyst Robyn Karnauskas upgraded Gilead Sciences (GILD) to Buy from Neutral and raised her price target for the shares to $103 from $81. The drugmaker closed yesterday up $3.34 to $88.80. Tax reform could lower the company’s tax rate to 22% in 2018 versus prior estimates of 28%, Karnauskas tells investors in a […]
Global Inflation: The Worm Finally Turns

Global Inflation: The Worm Finally Turns

Approximately nine years ago, I founded a company specializing in developing new ways to invest in and hedge against inflation. I originally had two partners; one left after a few months and the other lasted a year before heading back to a Wall Street job. (I think leaving after 3 months of trying a startup […]
Stock Ownership Rate Plunges As Credit Card Debt Soars

Stock Ownership Rate Plunges As Credit Card Debt Soars

The savings rate is at a 12-year low. Revolving credit is at a record high and the stock ownership rate has plunged. Stock Ownership Rate Collapses One way to support consumption is to sell your stocks. Many did just that. A May 2017 Gallup survey shows U.S. Stock Ownership Down Among All but Older, Higher-Income. Here’s […]
Eurozone Q4 GDP Rises 0.6% As Expected – EUR/USD Looks Strong

Eurozone Q4 GDP Rises 0.6% As Expected – EUR/USD Looks Strong

Robust growth continues in Europe: 0.6% q/q as expected. This comes on top of 0.7% in Q3. Year over year, the 19-country currency bloc saw a growth rate of 2.7%. The data for Q3 was revised to the upside, adding to the oomph. This is the first estimate that does include Germany, the largest economy. […]
Stellar Cryptocurrency: Google Trends Confirmed A Top In Price

Stellar Cryptocurrency: Google Trends Confirmed A Top In Price

While Bitcoin (BTC) holds its recent low confirmed by a jump in Google search activity, I decided to look to see whether Google Trends correlated with another cryptocurrency. Stellar is a relatively new entrant on the scene. The cryptocurrency made a big splash at the beginning of the year by rocketing into the top 10 of cryptos […]
Going To Cash And Position Sizing In Volatile Markets

Going To Cash And Position Sizing In Volatile Markets

Few people on the Internet that discuss trading talk about going to cash and staying out of the markets for an extended period of time. But the problem is the market doesn’t always trend higher with no volatility like it did from the election in November 2016 until now. Increased volatility occurs from time to […]
The Unusually Hollow Boom

The Unusually Hollow Boom

For GDP, one big piece that’s missing, or what’s kept it at a lower rate than in the comparable 2014 period, is inventory. Three and four years ago, American businesses couldn’t get enough. They piled into it at a record pace. The reason they did was almost surely Janet Yellen, or at the very least […]
Gold Slips As Dollar Jumps

Gold Slips As Dollar Jumps

Gold prices fell $9.64 an ounce on Monday as the dollar edged up ahead of this week’s Fed meeting and U.S. jobs report. No rate hike is expected, however, markets will be focusing on the central bank’s assessment of the economy and inflation for hints on the timing of future rate hikes and policy adjustments. […]
Stocks To Trade: ACM, TECK, SLCA

Stocks To Trade: ACM, TECK, SLCA

Tuesday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long Aecom Technology (ACM)   Long Tech Resources (TECK) Short US Silica (SLCA)