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Home Health Stocks Plunge After CMS Proposes Changes To Medicare Payments

Home Health Stocks Plunge After CMS Proposes Changes To Medicare Payments

Shares of home health services providers are sliding after the Centers for Medicare & Medicaid Services, or CMS, issued a proposed rule that would update the 2018 Medicare payment rates and restructure its reimbursement system in 2019. Mizuho analyst Sheryl Skolnick downgraded Amedisys (AMED) to Neutral following the news. NEW PAYMENT SYSTEM: According to its […]
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                        22 Troublesome Facts

HH 22 Troublesome Facts

Below are 22 realities to explain why 720Global does not recommend following the herd. Equity/Bond Valuations The S&P 500 Cyclically Adjusted Price to Earnings (CAPE) valuation has only been greater on one occasion, the late 1990s. It is currently on par with levels preceding the Great Depression. CAPE valuation, when adjusted for the prevailing economic […]
Is The Fed Poised To Ignite A Violent Dollar Rally?

Is The Fed Poised To Ignite A Violent Dollar Rally?

As the world waits with bated breath for Janet Yellen’s statement this afternoon – which is uniformly expected to be a nothing-burger, some are wondering if the recent flip-floppery by Yellen, Draghi (and even Kuroda with his ‘actual’ tapering while lowering inflation expectations) does not leave today open to another modest shift back in The Fed’s […]
They May Not Get Your Name Right, But Can Starbucks Get Their Stock Right?

They May Not Get Your Name Right, But Can Starbucks Get Their Stock Right?

Photo Credit: keso s Starbucks Corporation (SBUX) Releasing 7/27/17 AMC The Estimize consensus calls for EPS of $0.56, one cent higher than the Wall Street consensus. Currently, the Estimize community is looking for revenues of $5.753B, slightly higher than the Street’s expectation for $5.745B. With the stock price at $58.45, a dividend yield of 1.71% and a […]
July FOMC Meeting Preview And Gold

July FOMC Meeting Preview And Gold

Today, the Federal Reserve is due to release a statement from its July meeting. What can we expect and how can it affect the gold market? The Fed is expected to leave interest rates unchanged. The market probability of a rate hike this month is about 3 percent, according to the CME’s FedWatch tool. There will […]
New Home Sales A Bit Short Of Expectations, May Revised Lower

New Home Sales A Bit Short Of Expectations, May Revised Lower

New home sales came in at a seasonally adjusted annualized rate of 610,000 units, just short of the Econoday consensus of 611,000. May was revised lower to 605,000 units from the initial reported 610,000 units. New home sales are steady near the best levels of the expansion, at a 610,000 annualized rate in June. The 3-month average is 597,000 […]
Oil Gets Good News And Bad News, With A Bias Towards Good

Oil Gets Good News And Bad News, With A Bias Towards Good

Ok, well as detailed this morning, oil has had a pretty good run this week on the back of Saudi promises on export caps, jitters about Venezuela, and signs US producers are set to start cutting capex. Tuesday evening’s API data served to embolden bulls further and all that was missing was this morning’s EIA print […]
Twitter Is Looking Great Ahead Of Earnings

Twitter Is Looking Great Ahead Of Earnings

Twitter reports earnings in 2 days… I LOVE the look of this chart! The price, the volume, the relative strength, the support at short term moving averages… all really good stuff! If you want to play this and you don’t have an existing position, the key is going to be managing risk. For me, this […]
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                        Dollar View: Discipline Or Stubbornness?

EC Dollar View: Discipline Or Stubbornness?

The US dollar is sitting near multi-month lows against the major European currencies and the dollar bloc. Where does this leave our strategic view of the third significant dollar rally since the collapse of Bretton Woods? The dollar bear market ended in 2007-2008 when extremes were made, with the euro trading above $1.60 (2008), and Sterling above $2.11 (2007). The US […]
Chipotle Stock: The Good, The Bad, And The Ugly

Chipotle Stock: The Good, The Bad, And The Ugly

Chipotle Stock has been a darling on Wall Street for many years. Investors loved the growth and margins the company was churning out quarter after quarter and year after year. But then Chipotle (NYSE: CMG) started to hit some roadblocks. The biggest one came in 2015 when an E. coli outbreak closed many stores and earnings suffered. Investors […]