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CarGurus Could Be Driven Lower By Lockup Expiration

CarGurus Could Be Driven Lower By Lockup Expiration

The 180-day lockup period for CarGurus, Incorporated (CARG) ends on April 10, 2018. (Source: Nasdaq.com) When this six-month period concludes, the company’s pre-IPO shareholders will have the ability to sell their more than 67 million currently-restricted shares. (Source: S-1/A) The potential for an increase in the volume of shares traded on the secondary market could negatively […]
Crude Oil – Hello Elliott, My Old Friend

Crude Oil – Hello Elliott, My Old Friend

The test of the resistance line, the triangle apex reversal, the a-b-c waves in the zigzag pattern… What connects them? Give us 28 paragraphs and 975 words and you will see that these seemingly mismatched concepts will form a meaningful and promising scenario. Technical Analysis of Crude Oil Let’s start with the well-known daily chart (charts […]
Fourth-Quarter GDP Final Estimate Hits 2.9%,Tops Consensus

Fourth-Quarter GDP Final Estimate Hits 2.9%,Tops Consensus

The third estimate of fourth-quarter GDP is 2.9%, up 0.4 percentage points from the second estimate. The BEA revised its Fourth-Quarter 2017 GDP estimate to 2.9%, topping the consensus estimate of 2.7%. Rick Davis at the Consumer Metrics Institute provides this summary. The boost in the headline number resulted from upward revisions to contributions from consumer spending (+0.17%) and […]
Tesla Crash Sinks Stock: Shorts Rejoice, Bulls See Opportunity

Tesla Crash Sinks Stock: Shorts Rejoice, Bulls See Opportunity

Tesla Inc. (Nasdaq: TSLA) is the latest Wall Street darling to be ravaged by bears due to an onslaught of negative headlines. The deadly Tesla crash in California has sparked a regulatory investigation, which is only adding to the liquidity concerns and worries about the Model 3 ramp. Tesla stock plunged to its lowest level in […]
New Weekly Update: The Three Largest Cryptocurrencies

New Weekly Update: The Three Largest Cryptocurrencies

With all the focus on bitcoin lately, we’ve added a new weekly update that tracks the three largest cryptocurrencies by market share: bitcoin, Ether, and Ripple. According to Wikipedia, a cryptocurrency is “a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional […]
Most Active Equity Options And Strikes For Midday – Wednesday, March 28

Most Active Equity Options And Strikes For Midday – Wednesday, March 28

Top tickers for midday: BAC, RIG, AAPL, FB, AMD, C, MSFT.
Equifax Climbs After Appointing Former GE Executive Mark Begor As CEO

Equifax Climbs After Appointing Former GE Executive Mark Begor As CEO

Shares of Equifax (EFX) are in focus after the company appointed former GE (GE) executive Mark Begor as its new chief executive officer. The appointment comes as Equifax faces increased regulatory scrutiny after it revealed that additional customer information was compromised in the data breach beyond what was previously disclosed. NEW CEO: Equifax appointed Begor, […]
Stocks’ Price To Eventually Ratio

Stocks’ Price To Eventually Ratio

The Bureau of Economic Analysis (BEA) revised upward fourth quarter 2017 Real GDP. The second estimate had been revised lower to 2.50458% (continuously compounded annual rate of change) from the advanced estimate. The third and final calculation raises the quarterly increase to 2.84707%. None of the changes are substantial. Accompanying these revisions are the BEA’s […]
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                        5 Blue Chips Quietly Developing A Use For The Blockchain

EC 5 Blue Chips Quietly Developing A Use For The Blockchain

What high-growth trend could put Netflix out of business, run over Uber and set eSports on a supercharged path? Blockchain, apparently. The hottest trend since, well, bitcoin, is a bit of a mystery. On the face of it, blockchain is a decentralized digital ledger where cryptocurrency transactions are chronologically logged for the public good. But […]
Amazon, Tesla, Facebook And Investing In ‘The Future’

Amazon, Tesla, Facebook And Investing In ‘The Future’

Look, I don’t know. Maybe tech will rebound on Wednesday and manage to close green, but the first couple of hours were a continuation of Tuesday’s bloodbath and what I would say to anyone who thinks this is somehow surprising is that maybe common sense took a backseat to “FOMO” sometime in 2017. And when […]