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Global Fixed Income: Expect The Unexpected

Global Fixed Income: Expect The Unexpected

Based upon projections for 2017, it would appear as if the global bond markets have once again surpassed expectations. Indeed, following the U.S. election and the subsequent rate hike by the Federal Reserve (Fed) in December, the “student body right” mentality among investors was that the fixed income asset class could have its share of difficulties in 2017. While […]
Twitter Surges After Beating Expectations, MAUs Jump Despite Revenue Slowdown: The Quarter In Charts

Twitter Surges After Beating Expectations, MAUs Jump Despite Revenue Slowdown: The Quarter In Charts

For once Twitter (TWTR) did not disappoint Wall Street, when moments ago it reported results that beat consensus estimates handily as non-GAAP EPS of $0.11 beat consensus of $0.02, even topping the highest estimate of $0.10, on revenue of $548.3 million, also beating est. of $509 million (just don’t look at the GAAP EPS loss […]
Piper Says Buy Chipotle On Today’s Rally, Ups Target To $530

Piper Says Buy Chipotle On Today’s Rally, Ups Target To $530

Piper Jaffray analyst Nicole Miller Regan tells investors to add to Chipotle Mexican Grill positions even with the stock up 3%, or $13.44, to $485.20 post last night’s earnings release. The company reported “solid” Q1 earnings and reiterated its unit-level economic model, Regan tells investors in a research note. She believes a series of steady […]
Morning Call For Wednesday, April 26

Morning Call For Wednesday, April 26

OVERNIGHT MARKETS AND NEWS Jun E-mini S&Ps (ESM17 -0.04%) this morning are down slightly by -0.04% before President Trump unveils the outlines of his tax plans later today. The upside in equities was limited and European stocks slipped -0.30% as energy producing companies declined as the price of Jun WTI crude (CLM17 -0.67%) dropped by […]
When Shorting Small-Caps Goes (Horribly) Wrong

When Shorting Small-Caps Goes (Horribly) Wrong

Here’s some Tuesday afternoon humor for you. So the latest CFTC positioning data (out last Friday and current through last Tuesday) showed that specs (so basically, hedge funds) went all-in-er-er on bearish small-cap bets to levels last seen in September of 2014. Specifically, specs were net short Russell 2000 minis by ~71k contracts on April 18. That marked 11 out of 12 weeks […]
Forex Forecast For EURUSD, GBPUSD, USDCAD, USDJPY – Wednesday, April 26

Forex Forecast For EURUSD, GBPUSD, USDCAD, USDJPY – Wednesday, April 26

Forecast for the EUR/USD currency pair Technical indicators of the currency pair: Prev Opening: 1.08672 Opening: 1.09276 Chg. % of the last day: +0.53 Daily range: 1.09211 – 1.09511 52-week range: 1.0366 – 1.1616 Yesterday the euro continued to strengthen against the US dollar. The growth of the EUR/USD quotations exceeded 0.5%. Today, there will […]
3 Rare Skeptical Ratings From The Street’s Top Analysts (AMZN, BABA, GOOGL)

3 Rare Skeptical Ratings From The Street’s Top Analysts (AMZN, BABA, GOOGL)

  Analysts tend to lean away from more bearish ratings as it can sour corporate relations and- in extreme cases- even lead to dismissal: see Mike Mayo and Adnaan Ahmad as two warning cases. “My views have been controversial in the global tech space and I have taken a fair amount of abuse” Ahmad said […]
A Murky IPO In Store For Cloudera?

A Murky IPO In Store For Cloudera?

Cloudera (Pending:CLDR) filed an S-1 with the Securities and Exchange Commission for its initial public offering. The company intends to offer 15 million shares at a price range of $12 to $14. It has an additional 2,250,000 shares over-allotted as an option for its underwriters. The underwriters for the offering are Morgan Stanley, J.P. Morgan, […]
U.S. Dollar Rollercoaster: Greenback Records Sixth Drop In Seven Days

U.S. Dollar Rollercoaster: Greenback Records Sixth Drop In Seven Days

It has been a volatile six weeks for the U.S. dollar. After rebounding from four-month lows, the U.S. currency has declined in six of the past seven sessions. The declines accelerated on Tuesday as geopolitical risks and a surging British pound weighed on the world’s most popular currency. The dollar index, a weighted average of […]
Oil Falls Below $50 Per Barrel Again… What’s Next?

Oil Falls Below $50 Per Barrel Again… What’s Next?

Oil has been a hot topic of discussion for some time now. Ever since the global oil supply glut hit the limelight nearly 3 years ago, the price of oil has been at devastating lows. Last year and early this year, it was hoped that OPEC supply cuts would help to increase the price of […]