Category Archive: Finance
S&P 500 At Record High But Will Stocks Continue Even Higher?
Briefly: Intraday trade: Our Friday’s intraday trading outlook was bearish. It proved partly wrong because the S&P 500 index remained within relatively narrow intraday trading range. Overall, it lost 0.1%. The index may retrace some of its recent rally today, as investors will likely continue taking short-term profits off the table. Therefore, intraday short position […]
Key Events In The Coming Week: CPI, Retail Sales And FOMC Minutes
In the traditionally quiet post-payrolls week, attention will focus on the US CPI report, retail sales and FOMC minutes as well as the Catalonia vote and Eurozone industrial production. Separately, we have UK construction, Chinese PMIs, Japanese BoP and inflation in the Scandies. A breakdown of the key events this week from BofA: FOMC minutes […]
The Ratio Of Part-Time Employed: September 2017
Let’s take a close look at the latest employment report numbers on Full and Part-Time Employment. Buried near the bottom of Table A-9 of the government’s Employment Situation Summary are the numbers for Full- and Part-Time Workers, with 35-or-more hours as the arbitrary divide between the two categories. The source is the monthly Current Population Survey (CPS) […]
The Stock Whisper Of The Day: SPY, GDX, BBL
Hot stocks of the day: SPY, GDX, BBL Video length: 00:03:09
Billion Dollar Unicorns: Yuanfudao, China’s First EdTech Unicorn
According to iResearch, China’s online education market is projected to grow to $40 billion in 2019 from $23.5 billion in 2016. Riding this wave are China’s leading Internet giants Baidu, Alibaba Group Holding, and Tencent, who have invested heavily in online education. A beneficiary of this interest is Yuanfudao, which early this year became the […]
Johnson & Johnson Upgraded To Outperform From Market Perform At Wells Fargo
Wells Fargo analyst Larry Biegelsen upgraded Johnson & Johnson to Outperform and raised his price target for the shares to $149 from $140. The healthcare giant closed Friday up 1c to $133.22. J&J is poised to re-accelerate its sales growth due to accretion from the Actelion acquisition, a “more measured” than expected impact from biosimilar […]
Optimism About Tax Reform Gooses Bullish Sentiment
Another day, another new high in stocks. Some observers understandably think this is a sign of excessive complacency and a bad omen of an imminent major correction, as valuations continue to escalate without the normal pullbacks that keep the momentum traders under control and “shake out the weak holders,” as they say. But markets don’t […]
Spanish Bonds, Stocks Bounce As Officials Say “Door Open” For Dialogue
Mimicking last week’s “stall” pump-n-dump, Spanish stock and bond markets are bid this morning following reports that a senior member of the Catalan regional government called for dialogue with Spain, saying that all of Europe faces economic damage unless a resolution is found. reports after a weekend of mass demonstrations in favor of Spanish unity, Raul Romeva, foreign […]
Biotech Digest – KTOV Buys Stake, JNJ Reports Positive Results, NVS Receives CE Mark
Top Pick of the Day: KTOV Kitov Pharmaceuticals (KTOV) announced that it has acquired an additional 27% stake in privately held TyrNovo, a developer of small molecule oncology drugs. The company now controls nearly 92 percent stake in TyrNovo. In this latest transaction with a group of minority shareholders, Kitov issued 13.169 million new ordinary […]
Political Uncertainties Weigh On Global Currencies
Global currencies struggled on Monday morning due to various political concerns and unknowns in Europe, Asia and the United States. The Turkish lira was the hardest hit, falling approximately 3.2 percent against the dollar, after a diplomatic row with Washington resulting from the detaining of a U.S. mission employee in Turkey last week. The U.S. […]
