Category Archive: Finance
Cardinal Health Slides As Morgan Stanley Says Sell On Amazon Risk
Shares of Cardinal Health (CAH) are sliding after Morgan Stanley analyst Ricky Goldwasser downgraded the stock to Underweight, a sell-equivalent rating, as he believes Amazon (AMZN) is looking to scale its medical supply distribution efforts and Cardinal’s potential earnings risk from the e-commerce giant’s effort is larger than its peers. Patterson (PDCO) and Henry Schein […]
Gold, Euro Slump As Merkel Admits “New Elections Are The Better Way”
EUR/USD is testing overnight lows (and gold is tumbling) after German Chancellor Angela Merkel said she would prefer to go ahead with new federal elections rather than try to form a minority government. Seeking her fourth term, Bloomberg reports that Merkel is “skeptical” about a minority government as it may not bring about necessary stability and is open to […]
Synchronized Global Growth May Have Arrived
Nearly 10 years after the financial crisis brought the global economy to its knees, conditions have finally improved enough to crystallize my conviction that synchronized global growth is currently underway. Revenue and earnings growth are up year-over-year, not just in the U.S. but worldwide. Despite President Donald Trump threatening to raise tariffs and tear up […]
How Quickly Do People Apply For Jobs?
from the St Louis Fed — this post authored by Paulina Restrepo-Echavarria The volume and timing of job applications provide relevant information regarding labor market conditions. Moreover, they influence the strategies employers use to fill jobs, and those of people searching for work. Using a database from DHI Group Inc.1linking nearly 80 million applications to almost […]
BiondVax And NIH Sign Clinical Trial Agreement For A Phase 2 Trial In The U.S. With BiondVax’s Universal Flu Vaccine
NESS ZIONA, Israel, November 20, 2017 /PRNewswire/ — BiondVax Pharmaceuticals Ltd. (Nasdaq: BVXV, TASE: BVXV) today announced the signing of the clinical trial agreement (CTA) for a Phase 2 clinical trial with the National Institute of Allergy and Infectious Diseases (NIAID) of the U.S. National Institutes of Health (NIH). The study is titled “A Phase II, Double-Blind, Multicenter, Randomized, Placebo-Controlled […]
EUR/USD Down On The Draghi Drag And FDP Failure
The president of the ECB is speaking for the second business day in a row. Mario Draghi is mostly repeating the same stance of his previous speech: great growth but with lagging inflation. Yet he adds some other interesting comments: the central banker warns that geopolitical risks and outside forces could trigger a market correction […]
October 2017 Leading Economic Index Suggests Solid Growth Into 2018
The Conference Board Leading Economic Index (LEI) for the U.S improved this month – and the authors say “The growth of the LEI, coupled with widespread strengths among its components, suggests that solid growth in the US economy will continue through the holiday season and into the new year”. Analyst Opinion of the Leading Economic […]
E EUR/USD Looking For A Potential Bullish Reversal
Good day traders! Today’s quick peek is on EUR/USD. Intraday price reaction from 1.1808 on EUR/USD suggests that pair is still making a corrective decline and that wave b was flat. As such, it can be an impulsive sell-off now down to 1.1700 level where new support can be found this week, and ideally will […]
Market Jitters And Fake Liquidity In Leveraged Loans And High Yield
The economic data out of Europe, the US and Japan have been very good in the last few months. And I believe this will continue. But equity valuations have become stretched and bond market spreads are razor thin. With the US treasury yield curve flattening to almost 60 basis points between 2 and 10-year maturities […]
