This Could Be One Of The Biggest Winners Of The Electric Car Boom (SPONSORED POST)
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. There’s a new metal in town, and it’s bigger than lithium—and hotter than any other commodity on the market right now. Supply is fantastically tight and set to get phenomenally tighter. Analysts at […]
Australian, NZ Dollars Drop On Firming Fed Outlook – Will It Last?
Optimism following the outcome of first-round voting in the French presidential election continues to define currency market price action. The Euro is leading most regional majors upward as updated polls suggest centrist Emmanuel Macron will beat eurosceptic Marine Le Pen by a margin of approximately 60 to 40 percent in the second round on May 7. The broader markets’ […]
General Motors Loses Supreme Court Battle Over Ignition Switches
On Monday, the Supreme Court ruled against General motors over the ignition switch issue. That will likely have a negative impact on the stock for quite some time. In other negative news, the company announced that it had to shut down a plant in Venezuela. The good news is that General Motors made it out […]
Accelerating Into The Carvana IPO
Summary Carvana Company (Pending:CVNA) expects to raise $210 million in its upcoming IPO ($242 million if the underwriters exercise their option to purchase additional shares). Based in Phoenix, Arizona, Carvana is a leading ecommerce platform for selling used cars. Carvana will offer 15.0 million shares at an expected price range of $14-16. If the underwriters price the […]
Raymond James Downgrades Amazon With Shares Up 21% This Year
Raymond James analyst Aaron Kessler downgraded Amazon.com to Market Perform from Outperform and removed his previous $925 price target. The shares are fairly valued after rallying 21% this year and 44% over the last 12 months, Kessler tells investors in a research note. The analyst expects Amazon’s investment levels to remain elevated in the near-term […]
French Elections: Macron Leads 61% In Latest Poll – Unchanged
No changes in the latest OpinionWay poll. En Marche candidate Emmanuel Macron leads Front Nationale Marine Le Pen with 61% against 39%. EUR/USD remains on high ground. It isn’t over until it is fully over. The first round is behind us and the countdown to the second round continues. EUR/USD is not only holding its ground […]
Technically Speaking: Return Of The Bull…For Now
“Technically Speaking” is a regular Tuesday commentary updating current market trends and highlighting shorter-term investment strategies, risks, and potential opportunities. Please send any comments or questions directly to me via Email, Facebook or Twitter. Last week, I asked a simple question: “Was Monday’s rally an oversold bounce or the return of the “bull market?” As I stated then, the short-term oversold condition of the […]
US Q1 GDP Estimates Run The Gamut Ahead Of Friday’s Report
The probability that a recession has started is virtually nil at the moment, but it’s debatable if low macro risk will deliver robust growth in the preliminary estimate of first-quarter US GDP release that’s due on Friday. Projections are wide ranging for what the Bureau of Economic Analysis will report at the end of the week. On […]
Narrowing U.S. Consumer Confidence To Fuel EUR/USD Breakout
– U.S. Consumer Confidence Survey to Narrow From Highest Reading Since 2001. – 12-Month Inflation Expectations Have Softened for Last Two Consecutive Months. Trading the News: U.S. Consumer Confidence A downtick in the Conference Board’s U.S. Consumer Confidence survey may drag on the greenback as it casts a weakened outlook for growth and inflation, but the figure may […]
Markets Finish Strong; Nifty Closes At All Time High
Indian share markets continued to witness buying momentum in the afternoon session fueled by a rally in Reliance Industries and other blue chips on upbeat earnings. The sentiments also remained upbeat on strong global cues after centrist candidate and market favorite Emmanuel Macron won the first round of the French presidential election. At the closing bell, […]
