Category Archive: Finance
Hutchison China MediTech IPO: Consider A Modest Allocation
Hutchison China MediTech Limited (Pending:HCM) expects to raise $86 million in its upcoming IPO. Based in Hong Kong, Hutchison China MediTech is a biopharmaceutical that focuses on the discovery, development and commercialization of therapies for immunological and oncology diseases. We previewed HCM last week on our IPO Insights platform. HCM will offer 6.1 million shares at an expected […]
E Ten Reasons Why Stocks Bounced Back So Hard
While driving back from Lake Tahoe last weekend, I received a call from a dear friend who was in a very foul mood. Following the advice of another newsletter that I won’t mention, he bailed out of all his stocks at the February 11 bottom. After all, wasn’t the Dow Average headed straight to 3,000? […]
Deutsche Bank Tumbles After CEO Says Bank Won’t Be Profitable This Year
Back in January, Deutsche Bank (DB) reported what were variously described as “horrible,” “grim” results. The net loss for 2015 came in at roughly $7 billion, the first annual loss since the crisis. The abysmal year was capped off by €2.1 billion of red ink in Q4 of which some €1.2 billion was attributable to litigation. […]
The CAC 40 Continues Post ECB Consolidation
The CAC 40 is trading down a modest .27% on the day, as the Index continues to consolidate under Thursdays high at 4,582. Renault is currently leading the Index trading up 1.88% on the day. Technical traders should note that today’s price action marks the 4th day of trading inside of Thursday’s daily candle. Currently […]
The Central Bank Meeting And What It Means
The global equity markets are continuing with their cautious start to this week beginning on Monday, March 14th,2016. The week started with a somewhat pessimistic tone to the overall market environment spurred by a less dovish Bank of Japan comments. While the Central Bank did keep policy ‘unchanged’ as I expected. It removed previous language […]
Brexit, Cyprus And The EU Summit
The EU leaders summit on refugees begins tomorrow. A conclusive agreement will likely be elusive. There are three main obstacles. First, the effort to reinforce the external borders to allow free internal movement requires Turkey’s cooperation, but it won’t be represented.Second, that is important because Cyprus is demanding more concessions by Turkey. Third, others such as Spain,are concerned that the […]
Today’s Trading Plan: Brace For The FOMC
Technical Outlook: Another low volume and tight trading range for SPX yesterday. Volume was on par with yesterday’s light reading and well below recent averages. Price closed below the declining trend-line as well as below the 200-day moving average for SPX. Market behavior over the last two trading sessions and a few others before it, […]
Morning Call For March 16, 2016
OVERNIGHT MARKETS AND NEWS Jun E-mini S&Ps (ESM16 -0.04%) are unchanged ahead of the outcome of today’s FOMC meeting and press conference from Fed Chair Yellen. Gains in mining stocks and energy producers are supporting the overall market as the price of crude oil and copper gain. European stocks are up +0.12% as a rally […]
Jefferies Cuts Valeant Target To $53, Keeps Buy Rating On Shares
Jefferies analyst David Steinberg cut his price target for Valeant Pharmaceuticals (VRX) to $53 after the company’s outlook for FY16 came in “much lighter than expected.” Management’s credibility took a further hit and investors are now concerned about debt repayment and possible bond covenant violations, Steinberg tells investors in a post-earnings research note. Steinberg points […]
