Author Archive: Jeremy Parkinson
Global Blood Therapeutics Announces Full Exercise Of Underwriter’s Option To Purchase Additional Shares
SOUTH SAN FRANCISCO, Calif., March 12, 2018 (GLOBE NEWSWIRE) — Global Blood Therapeutics, Inc. (GBT) (Nasdaq:GBT), a clinical-stage biopharmaceutical company dedicated to discovering, developing and commercializing novel therapeutics to treat grievous blood-based disorders with significant unmet need, today announced that the underwriter of its previously announced underwritten public offering has exercised in full its option to […]
WTI Up Slightly As Divisions In OPEC Emerge
West Texas Intermediaries (WTI) is slightly higher following a reduction in the number of oil rigs in the United States. A report by the Energy Information Administration (EIA) showed that the country’s oil drillers reduced the number of rigs by 4. The number of rigs presently stands at 796. This is however higher than the […]
Billion Dollar Unicorns: Will Apttus Take The Plunge?
According to Gartner, the market for configure, price, and quote (CPQ) software was worth about $878 million in 2016 and is expected to grow 20% per year through 2020. Billion Dollar Unicorn Apttus is a leading player in the space that is expected to go public soon. Apttus’ Journey Apttus was founded in 2006 by Kirk Krappe, Neehar Giri, […]
Amazon Stock Flirts With $1,600
Amazon.com, Inc. (Nasdaq: AMZN) stock was off and running out of the gate this morning, quickly getting on track for a sixth straight day of record highs. As of the time of this writing, Amazon stock hasn’t yet touched $1,600, but it’s looking like it could before the day is over. It seems the online retailer […]
GBPUSD: Sees Price Follow Through Higher
GBPUSD pair continues to retain its upside pressure on recovery extending its Friday gain. Support lies at the 1.3850 level where a break will turn attention to the 1.3800 level. Further down, support lies at the 1.3750 level. Below here will set the stage for more weakness towards the 1.3700 level. Conversely, resistance stands at […]
Amazon And Everybody Else
You’ve heard it a hundred time before, but the run that Amazon.com (AMZN) has had over the last year or so, leaves all other accomplishments in the dust. Since the start of 2017 alone, the stock has more than doubled. That’s impressive enough in its own right, but for mega-cap companies, that kind of move […]
Do Low Rates Encourage Yield Seeking By Money Market Funds?
from Liberty Street Economics — this post authored by Gabriele La Spada The term “reach for yield” refers to investors’ tendency to buy riskier assets in hopes of securing higher returns. Do low rates on safe assets encourage such yield-seeking behavior, particularly among U.S. prime money market funds (MMFs)? In a forthcoming paper in the Journal of Financial Economics, I […]
There Is An Old Saying
There is an old saying: “You can lay all the economists end to end and they will still not reach a conclusion.” While there may be some truth to this, there is widespread agreement among most economists (with Peter Navarro perhaps being an exception) that unrestricted trade is beneficial and protectionism is bad for any country. Trade […]
Micron Shares In ‘Early Stages Of Another Major Breakout,’ Analyst Says
Shares of Micron (MU) are rising after two analysts raised their price targets on the stock, citing memory market changes and potential capital returns. ‘BUY THE BREAKOUT’: On Monday, Nomura Instinet analyst Romit Shah raised his price target for Micron Technology to $100 from $55 citing multiple expansion. After consolidating over the last four months, […]
Is The Dot.Com Bubble Back?
Let me start out by saying I hate market comparisons. While history certainly does “rhyme,” they are never the same. This is especially the case when it comes to the financial markets. Chart patterns may align from time to time, but such is more a function of pattern-fitting than anything else. However, when it comes to fundamentals, […]
