April 2018 - Page 12 of 200 -

Sage Therapeutics Slumps As Biogen Deal May Dampen M&A Hopes

Apr 20, 2018 Jeremy Parkinson Finance 0

Weakness in shares of Sage Therapeutics (SAGE) may be related to news that Biogen (BIIB) and Ionis Pharmaceuticals (IONS) have expanded their strategic collaboration through a new ten-year collaboration agreement, which may be read by some market participants as lowering the odds for M&A action related to Sage. Under the terms of the collaboration, Biogen […]

EUR/USD – Headed Below 1.22?

Apr 20, 2018 Jeremy Parkinson Finance 0

Euro is trading lower ahead of next week’s European Central Bank’s monetary policy announcement. After consolidating for 8 trading days and failing to break above 1.24 throughout that time, the EUR/USD finally broke down on cautious comments from ECB member Weidmann. The head of Germany’s Bundesbank said there were recent indications that the first […]

3 Mutual Funds To Buy On Phenomenal Housing Data

Apr 20, 2018 Jeremy Parkinson Finance 0

Per the latest joint report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, housing starts and building permits for March came in at 1.32 million and 1.35 million units, respectively. While housing starts increased 1.9% in March, building permits advanced about 2.5% in the same period. The metrics followed […]

ACM Research Shares Could Fall When IPO Lockup Expires

Apr 20, 2018 Jeremy Parkinson Finance 0

The 180-day lockup period for ACM Research, Inc. (NASDAQ:ACMR) ends on May 2, 2018. When this six-month period ends, the company’s pre-IPO shareholders will have the opportunity to sell large blocks of previously restricted shares. We believe that they are likely eager to do so – ACMR has a return from IPO of more than 110%. […]

What’s Bitcoin Really Worth?

Apr 20, 2018 Jeremy Parkinson Finance 0

What’s Bitcoin really worth? This question might really drive you mad if you think hard enough about it. $0? $10? Maybe $1,000,000 for one coin? The range of the numbers can make your head spin but it is the explanation behind the number that matters. For the most part, investors don’t have a good reason […]

Groups Breadth Leaning Weak

Apr 20, 2018 Jeremy Parkinson Finance 0

Two days ago, the percentage of S&P 500 Industry Groups trading above their 50-DMA reached 66.6%, which was a huge improvement from the 0% reading we saw back in late March. Over the last two days, we’ve seen this percentage dip back below 50% just as the S&P 500 did the same today. At the surface, breadth […]

8 Things To Know About Last Week’s CBO Report

Apr 20, 2018 Jeremy Parkinson Finance 0

For what they’re worth and for anyone who doesn’t mind digging through the weeds, here are my comments on last week’s budget outlook from the Congressional Budget Office, which I previewed here. In the baseline scenario that’s widely reported in the media (I’ll abbreviate it BS for this post), the CBO shows federal debt held by the public soaring from […]

Transitory’s Japanese Cousin

Apr 20, 2018 Jeremy Parkinson Finance 0

Thomas Hoenig was President of the Federal Reserve’s Kansas City branch for two decades. He left that post in 2011 to become Vice Chairman of the FDIC. Before that, Mr. Hoenig as a voting member of the FOMC in 2010 cast the lone dissenting vote in each of the eight policy meetings that year (meaning […]

Digesting Friday’s Draghi, ECB Headlines

Apr 20, 2018 Jeremy Parkinson Finance 0

Here’s some shit you probably won’t read. But I wasted time on it anyway, because why not? That was the tagline I slapped on a post I did last week called “Thoughts On The ECB Minutes And A Bearish Euro Call For EURUSD Bulls.” You can read that post for yourself (because as noted in […]