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Grocery Stocks Sink On First Day Of Amazon & Whole Foods Merger

Grocery Stocks Sink On First Day Of Amazon & Whole Foods Merger

Shares of several grocery store chains, including Kroger and Sprouts Farmers Market, dipped on Monday after Amazon’s (AMZN – Free Report) acquisition of Whole Foods (WFM – Free Report) officially went into effect.  The online retail giant’s $13.7 billion purchase of the organic grocer helped send rival grocery chains stocks plummeting last week after the FTC approval was finalized. […]
Safe Bulkers – Chart Of The Day

Safe Bulkers – Chart Of The Day

The Chart of the Day belongs to Safe Bulkers (SB). I found the dry bulk shipping stock by using Barchart to sort today’s Top Stocks to Own list by the highest Weighted Alpha. The Top Stocks to Own list has stock with the highest signal rating for both strength and direction and the Weighted Alpha ranks the stocks by weighted Alpha […]
Deja Vu

Deja Vu

According to orthodox theory, if interest rates are falling because of term premiums then that equates to stimulus. Term premiums are what economists have invented so as to undertake Fisherian decomposition of interest rates (so that they can try to understand the bond market; as you might guess it doesn’t work any better). It is, […]
Wells Fargo Sees Little Chance Of Higher Bid For Kite Pharma

Wells Fargo Sees Little Chance Of Higher Bid For Kite Pharma

The price paid by Gilead Sciences (GILD) “more than adequately” reflects potential value from Kite Pharma’s (KITE) AxiCel and adoptive cellular therapy pipeline, Wells Fargo analyst Jim Birchenough tells investors in a research note. The analyst sees “little chance” of a higher offer or a price bump by Gilead. He raised his price target for […]
NZDJPY To Be A Victim Of NK

NZDJPY To Be A Victim Of NK

It came late in the day but the big story in the FX market today turned out to be North Korea’s idiotic decision to fire “a few missiles” over Japan. President Trump has yet to respond, but he’s certainly not going to be happy with their actions. USD/JPY has tanked in response and the move […]
EUR/USD Eyes 1.2000 As USD Begins A Busy Week Near 2.5 Year Lows

EUR/USD Eyes 1.2000 As USD Begins A Busy Week Near 2.5 Year Lows

Talking Points: – Last week finished with fireworks as the Euro popped-higher after ECB President Mario Draghi’s comments, which seemingly avoided any topics around monetary policy. – EUR/USD pushed up to a fresh 2.5 year high while DXY dropped down towards 2.5 year lows. Last week closed with a bang as the Euro posted a firm topside rally on […]
Weekly Gasoline Price Update: WTIC Down 2.2%

Weekly Gasoline Price Update: WTIC Down 2.2%

It’s time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium are up four cents each from last week. According to GasBuddy.com, Hawaii has the highest average price for Regular at $3.03 and San Francisco, CA is the most expensive city, averaging $3.16. South […]
Gold, VIX, Bitcoin Surge; Stocks, USDJPY Tumble After North Korean Missile Launch

Gold, VIX, Bitcoin Surge; Stocks, USDJPY Tumble After North Korean Missile Launch

Dow futures are down over 120 points (and Nikkei 225 down over 200 points) at the reopen following North Korea’s ‘successful’ firing of a ballistic missile across Japan. Gold futures spiked to $1325 as USDJPY plunged. The USDJPY is tumbling on the news. Breaking below 108.50, a break of April’s 108.12 may require more than a […]
Global Equities: Profit Margin Trends

Global Equities: Profit Margin Trends

As global equity markets have moved higher and higher since what was arguably the start of a new bull market in 2016, a number of concerns have surfaced, such as higher valuations, dependence on monetary policy, and a range of other worries like geopolitics. But a key development has been the rebound in fundamentals, which […]
Chinese Yuan ETF (CYB) Hits A New 52-Week High

Chinese Yuan ETF (CYB) Hits A New 52-Week High

Investors seeking momentum may have WisdomTree Chinese Yuan Strategy Fund (CYB – Free Report) on radar now. The fund recently hit a new 52-week high. Shares of CYB are up approximately 10.79% from a 52-week low of $22.89/share. But could there be more gains ahead for this ETF? Let’s take a look at the fund and the […]