November 2017 - Page 62 of 222 -

Oclaro Rises As Analyst Makes Case For Potential Acquisition

Nov 22, 2017 Jeremy Parkinson Finance 0

Shares of Oclaro (OCLR) are on the rise after MKM Partners analyst Michael Genovese recommended investors buy the stock, citing an uptick in Chinese market commentary and noting that the company is in a “good position” to choose an acquisition partner and create an even stronger company going forward. Among potential buyers, the analyst argued […]

WTI/RBOB Slide After Smaller Than Expected Crude Draw, New Record High Production

Nov 22, 2017 Jeremy Parkinson Finance 0

With WTI at its highest since July 2015, vol at 8mo lows, and the front-end flipped into backwardation for the first time since Nov 2014, it appears a lot of hope is priced into continued equilibration (and OPEC). Last night’s API (crude draw) provided some more confirmation but this morning’s DOE data disappointed with a smaller […]

Billion Dollar Unicorns: Profitable Qualys Hits A New High

Nov 22, 2017 Jeremy Parkinson Finance 0

According to Gartner, the global cloud-based security services market is estimated to grow 21% this year to $5.9 billion and $9 billion by the year 2020. Cloud-based security and compliance solutions provider and Billion Dollar Unicorn Qualys (NASDAQ: QLYS) has a 3.1% market share in the Security and Vulnerability Management market, which is led by IBM with 13.5% share. […]

FOMC, ECB Minutes On The Docket As Euro, USD Remain Indecisive

Nov 22, 2017 Jeremy Parkinson Finance 0

Tomorrow brings the Thanksgiving holiday in the United States, and this will likely bring on some form of diminished liquidity across Foreign Exchange markets. And while lower liquidity can, possibly lead to bigger moves; this isn’t necessarily a ‘good thing’ as those larger moves can be considerably more erratic in nature. We’ve already started to […]

Headline Durable Goods Orders Down 1.2% In October

Nov 22, 2017 Jeremy Parkinson Finance 0

The Advance Report on Manufacturers’ Shipments, Inventories, and Orders released today gives us a first look at the latest durable goods numbers. Here is the Bureau’s summary on new orders: New orders for manufactured durable goods in October decreased $2.8 billion or 1.2 percent to $236.0 billion, the U.S. Census Bureau announced today. This decrease, […]

Legendary Short Seller David Einhorn Adds Micron; Slashes General Motors; Apple

Nov 22, 2017 Jeremy Parkinson Finance 0

Billionaire chairman of Greenlight Capital Inc., David Einhorn, is one of the most closely followed hedge fund managers. According to the latest disclosure with SEC, Einhorn made several tweaks to the fund portfolio in Q3. While Greenlight Capital snapped up the shares of Micron Technology, Inc. (MU) for Q3, it also made generous cuts to the holdings of General […]

The Incredible Shrinking Yield Curve

Nov 22, 2017 Jeremy Parkinson Finance 0

Flattening may fatten investors’ wallets Even though the Federal Reserve hasn’t tinkered with the Fed Funds target rate since June, interest rates have been ratcheting upward in anticipation of the next reset. Fed Funds are at the extreme left end—the short end—of the yield curve. The rate applies to overnight interbank loans of excess reserves. […]

Jobless Claims Drop Slightly More Than Expected

Nov 22, 2017 Jeremy Parkinson Finance 0

Because of the Thanksgiving holiday, this week’s release of Initial Jobless Claims was moved up a day, but even though the day of the report was different, the positive trend remains the same. While economists were forecasting claims to come in at a level of 240K from last week’s reading of 252K, the actual reading […]

November 2017 Initial Unemployment Claims Rolling Average Again Worsens

Nov 22, 2017 Jeremy Parkinson Finance 0

Hurricanes continue to impact claims taking procedures in the Virgin Islands, but Puerto Rico improved. The market expectations for weekly initial unemployment claims (from Bloomberg/Econoday) were 238 K to 240 K (consensus 240,000), and the Department of Labor reported -239,000 new claims. The more important (because of the volatility in the weekly reported claims and seasonality […]

Everything You Need To Know About Unsecured Loans

Nov 22, 2017 Jeremy Parkinson Finance 0

Financial jargon can feel like it’s hard to get your head around at times. With so many acronyms, abbreviations and even the odd bit of Latin, it can be difficult to fully understand what you’re getting into. The pace of annual customer credit growth was 9.9% last month, and some experts are concerned that consumers don’t […]