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On The Fly: Top Stock Stories For Friday Sept. 1

On The Fly: Top Stock Stories For Friday Sept. 1

Stocks began the day in positive territory and remained there all day. The market moved in a fairly narrow range as the market participation was low and the news flow was slow. The day’s economic reports, highlighted by the monthly jobs report, had little impact and as the day progressed the volume dried up and […]
Natural Gas Faces Harvey Threat, Even As Surplus Shrinks

Natural Gas Faces Harvey Threat, Even As Surplus Shrinks

The U.S. Energy Department’s weekly inventory release showed a below-average increase in natural gas supplies following which the commodity traded up. However, worries over the fuel’s tepid demand on the back of Tropical Storm Harvey-related power outages are expected to keep natural gas prices in check. About the Weekly Natural Gas Storage Report The Weekly […]
Gold Prices Eye Fresh 2017 Highs Following Lackluster U.S. NFP Report

Gold Prices Eye Fresh 2017 Highs Following Lackluster U.S. NFP Report

Fundamental Forecast for Gold: Bullish Gold prices remain bid going into the first full week of September, with bullion at risk of marking fresh 2017 highs as market participants appear to be diversifying away from the U.S. dollar. The reaction to the lackluster U.S. Non-Farm Payrolls (NFP) report suggests gold will continue to exhibit a bullish behavior […]
Bitcoin Surges To New Record Highs Above $4800 Amid Renewed ETF Hope

Bitcoin Surges To New Record Highs Above $4800 Amid Renewed ETF Hope

Bitcoin has surged to a new record high this morning over $4850 amid increased debt ceiling anxiety, continuing demand from South Korea and Japan amid the North Korea chaos, a potential short squeeze, and renewed hopes of SEC approval of a Bitcoin ETF. The six biggest virtual currencies are all higher today. NOTE – Litecoin and Veritaseum […]
Snap Inc And Facebook Inc Couldn’t Be Less Alike: Analysts

Snap Inc And Facebook Inc Couldn’t Be Less Alike: Analysts

When Snap took itself public earlier this year, it was the hot new kid on the block that Millennial users wanted to sink their early earnings into as soon as it became possible. Facebook has loomed over it like a giant trying to squash it like a cockroach under its feet, and investors quickly began to question […]
Real Disposable Income Per Capita Gains In July

Real Disposable Income Per Capita Gains In July

With the release of yesterday’s report on July Personal Incomes and Outlays, we can now take a closer look at “Real” Disposable Personal Income Per Capita. At two decimal places, the nominal 0.21% month-over-month change in disposable income was trimmed to 0.12% when we adjust for inflation. The year-over-year metrics are 1.98% nominal and 0.57% real. […]
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                        Biotech Bonanza: The Next Leg Up For Biotech Stocks

HH Biotech Bonanza: The Next Leg Up For Biotech Stocks

The Biotechnology sector remains one of the top performing sectors this year with the benchmark Nasdaq Biotechnology Index of biotech stocks, as represented by the biotech ETF (IBB), gaining 17% in the first half. The index though still remains ~29% down from its all-time high achieved in mid-2015. In comparison, the S&P 500 (SPY) was up 8%, […]
Q2 GDP Best In More Than 2 Years: 5 Growth Funds To Buy

Q2 GDP Best In More Than 2 Years: 5 Growth Funds To Buy

The U.S. economy expanded at a better pace in the second quarter of this year, than was earlier estimated, ending up with the best quarterly GDP growth in more than two years. In its second estimate, the Department of Commerce upwardly revised economic growth for the second quarter. The report highlighted a strong increase in […]
Downstream Concerns Continue To Paint Bearish Picture For Crude Oil

Downstream Concerns Continue To Paint Bearish Picture For Crude Oil

Fundamental Forecast for USOIL: Bearish Talking Points: A week after Harvey’s landfall, assessing damage and demand impact still premature Last major crises in the region (Katrina 2005) was followed by ~18% drop in Oil Per BHI, US Oil Rigs unchanged WoW. Rig count stable at 759 active US oil rigs IGCS showing increase in retail long oil positions, […]
Now Capex?

Now Capex?

Of all the high frequency data the Personal Savings Rate is probably the least reliable. It is subject to both regular and benchmark revisions that can change the estimates drastically one way or the other. One step up from that statistic is the figures for Construction Spending. The initial monthly estimates don’t survive very long, […]