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Nomura Instinet Puts Reduce Rating On Dropbox With $21 Price Target

Nomura Instinet Puts Reduce Rating On Dropbox With $21 Price Target

Nomura Instinet analyst Christopher Eberle last night initiated Dropbox (DBX) with a Reduce rating and $21 price target. The shares closed yesterday up 95c to $33.27. Dropbox’s “consistently low” penetration rates, “extremely low” conversion rates, and lack of enterprise salesforce creates little room for upside potential, Eberle tells investors in a research note. If trends […]
S&P Could Be Repeating 2007 Pattern, Says Joe Friday

S&P Could Be Repeating 2007 Pattern, Says Joe Friday

Above looks at the S&P 500 over the past 17-years on a weekly basis. In 2007 at the top of a rising channel, the S&P 500 appears to have created a “Descending Triangle” pattern before heading lower. Once it broke rising & horizontal support, selling pressure took over. The S&P over the past couple of months could […]
Citi Beats Q1 Estimates

Citi Beats Q1 Estimates

CNBC’s Wilfred Frost sifts through Citigroup’s quarterly results which beat Street estimates on the top and bottom line.
GTA Home Prices Declining Faster Than The 2006 Us Housing Bust

GTA Home Prices Declining Faster Than The 2006 Us Housing Bust

A new report from Realosophy offers good data and insight behind the greater Toronto area (GTA) real estate boom and sudden deflation over the past year. See A sticky end:  lessons learned from Toronto’s 2017 real estate bubble. As charted below, after nearly doubling in 4 years between Jan 2013 and March 2017, median home prices […]
An Early Preview Of Chipotle’s Q1 Earnings Outlook

An Early Preview Of Chipotle’s Q1 Earnings Outlook

With Chipotle’s (CMG – Free Report) new CEO Brian Niccol at the helm, the first quarter could mark the start of a better era for the embattled fast-casual chain. But before investors get too caught up in what Niccol might change long-term, they should look at what to expect from Chipotle’s upcoming first quarter financial results. Chipotle’s […]
How Long Will The Stock Market’s Momentum Party Last?

How Long Will The Stock Market’s Momentum Party Last?

Is a death cross near? Yes, according to David Rosenberg, chief economist and strategist at Gluskin Sheff. Citing a laundry list of reasons for this year’s revival in market volatility, he told CNBC this week that the S&P 500’s 50-day average may soon slip below its 200-day average – a so-called death cross that market technicians say would signal […]
A Short Squeeze

A Short Squeeze

Traditional Markets With the issues of big data and a trade and physical war still unresolved, the narrative of the markets at the moment is that fears are easing. The reason for this narrative, of course, is that stocks are going up. See, many traders, analysts, and especially the media (including myself, but I’m not […]
JPMorgan Generated Record Equity Market Revenue As Volatility Soared

JPMorgan Generated Record Equity Market Revenue As Volatility Soared

Unofficially launching the Q1 earnings season (technically PNC was first), moments ago JPMorgan reported Q1 earnings which beat on both the top and bottom line, with revenue of $28.5BN above the $27.68BN consensus est (and above the highest sellside estimate of $28.23BN), generating EPS of $2.37, also beating expectations of a $2.28 print. That said, […]
5 Reasons For The Ascent Of USD/JPY

5 Reasons For The Ascent Of USD/JPY

The USD/JPY has reached a new high of ¥107.67, the highest since February 27th. The safe-haven yen is sold-off on an improving market mood, and the US Dollar also has reasons to rise. The technical picture shows the pair is gaining momentum. The USD/JPY is trading above ¥107.50 after having reached a high of ¥107.67. The upside […]
Deutsche Bank Upgrades Netflix To Buy With Price Target Of $350

Deutsche Bank Upgrades Netflix To Buy With Price Target Of $350

Deutsche Bank analyst Bryan Kraft upgraded Netflix to Buy from Hold and raised his price target for the shares to $350 from $240. The streaming service closed yesterday up $5.58 to $309.25. The analyst admits he underestimated the market’s willingness to underwrite several years of negative free cash flow to drive growth. Netflix has changed […]