Google Market Cap Hits An All Time High $600 Billion
Even as the US “brick and mortar” retail industry is in a tailspin of historic proportions, its ad spending must be better than ever, because on Monday Google parent Alphabet closed up 2.3%, hitting a new record high, and as Bloomberg pointed out first, the company’s market value crossed above $600 billion for the first […]
Major US Dollar Pairs Indicate Bull Flag Chart Patterns
EUR/USD 4 hour The EUR/USD is moving sideways and respecting the 61.8% Fibonacci resistance level of wave 2 (green). A bullish break could see price build an extension towards the 78.6% Fibonacci level. 1 hour The EUR/USD bounced at the 50% Fibonacci support level and most likely in a wave 4 (pink) correction. A break […]
5 Reasons To Bottom Fish Semiconductor ETFs
Semiconductor stocks were the star performers of the broader technology space in 2016 thanks to upbeat earnings, consolidation activities and innovative technologies. Areas like autonomous cars, 3D printers, fitness devices and IoT fueled growth in the sector, offsetting the otherwise-saturating businesses like PCs and smartphones. As a result, semiconductor ETFs including VanEck Vectors Semiconductor ETF (SMH – Free Report) […]
USD/CAD Elliott Wave View: Ending An Impulse
Short-term Elliott Wave view in USDCAD suggests the decline to 1.322 ended Intermediate wave (X). Up from there, the pair is showing 5 waves impulse structure where Minutte wave (i) ended at 1.3338, Minutte wave (ii) ended at 1.3258, Minutte wave (iii) ended at 1.3525, and Minutte wave (iv) ended at 1.3406. Near term focus is on 1.3596 – 1.364 area to […]
Sensex Trades Strong; Energy Stocks Witness Buying
After opening the day on a positive note, share markets in India have continued the momentum and are trading comfortably above the dotted line. All sectoral indices are trading on a positive note. Stocks in the energy sector and stocks in the capital goods sector are leading the gains. The BSE Sensex is trading up by 222 points (up 0.8%), and the NSE Nifty is […]
U.S. Student Loan Implosion
The Consumer Federation of America recently put out a press release that reports that they’ve found that 1.1 million student loan borrowers in the United States have gone 270 or more days without making payments on their Federal Direct Student Loans, with more than $137 billion worth of the loans issued by the U.S. government now qualifying as […]
A $500 Billion “Hitch” Emerges In The Saudi Aramco IPO
As Saudi Arabia’s deputy crown prince pushes his nation’s Vision 2030 economic overhaul and crows of the $2 trillion Saudi Aramco valuation (ahead of its potential IPO), WSJ reports that officials at the state-owned oil company are using internal value estimates to $1.3 to $1.5 trillion, calling bin Salman’s estimate “unrealistic and mind blowing.” Since deputy crown prince Mohammed bin […]
Gold Touches Two-Week Low Following French Election
Gold prices dipped to a two-week low on Monday after results from the French presidential elections abated investor appetite for the precious metal. Major stock markets around the globe and the euro rallied, while the dollar fell to a new five-month low. Increasing interest in riskier assets may undermine demand for gold. Yesterday’s gap dragged […]
3 IPOs To Watch For This Week
The last week of April is scheduled to see eight different companies go public, and Zacks has you covered with three unique IPO offerings to watch out for. The wide-ranging list of companies set to go public this week will help contribute to an already booming 2017 for the IPO world. Since Jan. 1, 36 IPOs have […]
ECB April Preview – No Changes Expected As Inflation Remains Tame
Summary: ECB meets in the backdrop of the French elections No changes to monetary policy are expected at this week’s meeting ECB officials maintain that current policy is appropriate Only concrete signs of an increase in inflation will see an appropriate policy response from ECB officials The European Central Bank will be meeting this week […]
