Archives by Month:

Archives by Year:

Billion Dollar Unicorns: Yuanfudao, China’s First EdTech Unicorn

Billion Dollar Unicorns: Yuanfudao, China’s First EdTech Unicorn

According to iResearch, China’s online education market is projected to grow to $40 billion in 2019 from $23.5 billion in 2016. Riding this wave are China’s leading Internet giants Baidu, Alibaba Group Holding, and Tencent, who have invested heavily in online education. A beneficiary of this interest is Yuanfudao, which early this year became the […]
Johnson & Johnson Upgraded To Outperform From Market Perform At Wells Fargo

Johnson & Johnson Upgraded To Outperform From Market Perform At Wells Fargo

Wells Fargo analyst Larry Biegelsen upgraded Johnson & Johnson to Outperform and raised his price target for the shares to $149 from $140. The healthcare giant closed Friday up 1c to $133.22. J&J is poised to re-accelerate its sales growth due to accretion from the Actelion acquisition, a “more measured” than expected impact from biosimilar […]
Optimism About Tax Reform Gooses Bullish Sentiment

Optimism About Tax Reform Gooses Bullish Sentiment

Another day, another new high in stocks. Some observers understandably think this is a sign of excessive complacency and a bad omen of an imminent major correction, as valuations continue to escalate without the normal pullbacks that keep the momentum traders under control and “shake out the weak holders,” as they say. But markets don’t […]
Spanish Bonds, Stocks Bounce As Officials Say “Door Open” For Dialogue

Spanish Bonds, Stocks Bounce As Officials Say “Door Open” For Dialogue

Mimicking last week’s “stall” pump-n-dump, Spanish stock and bond markets are bid this morning following reports that a senior member of the Catalan regional government called for dialogue with Spain, saying that all of Europe faces economic damage unless a resolution is found. reports  after a weekend of mass demonstrations in favor of Spanish unity, Raul Romeva, foreign […]
Biotech Digest – KTOV Buys Stake, JNJ Reports Positive Results, NVS Receives CE Mark

Biotech Digest – KTOV Buys Stake, JNJ Reports Positive Results, NVS Receives CE Mark

Top Pick of the Day: KTOV Kitov Pharmaceuticals (KTOV) announced that it has acquired an additional 27% stake in privately held TyrNovo, a developer of small molecule oncology drugs. The company now controls nearly 92 percent stake in TyrNovo. In this latest transaction with a group of minority shareholders, Kitov issued 13.169 million new ordinary […]
Political Uncertainties Weigh On Global Currencies

Political Uncertainties Weigh On Global Currencies

Global currencies struggled on Monday morning due to various political concerns and unknowns in Europe, Asia and the United States. The Turkish lira was the hardest hit, falling approximately 3.2 percent against the dollar, after a diplomatic row with Washington resulting from the detaining of a U.S. mission employee in Turkey last week. The U.S. […]
Perth Mint Gold Coins Sales Double In September

Perth Mint Gold Coins Sales Double In September

– Perth Mint gold coins see sales double on month in September – Perth Mint silver bullion coin sales surge 78% in September – Perth Mint sold 46,415 ounces of gold in September– Nearly six times more gold coins sold at Perth Mint than U.S. Mint in September – Sales surge at Perth Mint from […]
FX Markets Eye Commentary From BOJ And Fed; US Data In Focus

FX Markets Eye Commentary From BOJ And Fed; US Data In Focus

Amidst the flurry of central banks – the Bank of England, the European Central Bank, and the Federal Reserve – posturing that they will be tightening policy to various degrees, the Bank of Japan is perhaps one of the two major central banks (the other being the Swiss National Bank) that is clearly in a […]
Better Invest In A Horse

Better Invest In A Horse

Britain intends to ban the purchase of internal combustion and diesel engine cars in 2040, hoping to make everyone switch to electric cars. California, China and France all have similar schemes in place. These government decisions naturally provide yet another implicit subsidy to Tesla Motors (Nasdaq:TSLA) whose first quarter’s production of its latest “mass market” […]
Seasonal Bottom Pick

Seasonal Bottom Pick

Oil and product prices pulled back Friday as it became clear that Hurricane Nate would only cause a short-term impact on U.S. oil production and that there was no damage to off shore oil rigs. The fast storm means that production will come back on line quickly as the U.S. energy industry will rise to […]