September 2018 - Page 14 of 239 -

Argentina Hikes Rates To 65% As Peso Plunges To New Record Low

Sep 28, 2018 Jeremy Parkinson Finance 0

It appears the market is willing to test BCRA’s mettle as it pukes pesos down to a new record low against the greenback and pushes towards the bottom of its new “no intervention” band. The new record low is now 41.54/USD… While not ‘allowed’ to intervene directly until 44/USD, Bloomberg reports that Argentina just hiked its Leliq rate […]

Tesla Shares Crash After Musk Turns Down Offer To Settle SEC Fraud Suit

Sep 28, 2018 Jeremy Parkinson Finance, No picture 0

Shares of Tesla (TSLA) dropped in morning trading following news that the U.S. Securities and Exchange Commission is suing Chief Executive Officer Elon Musk for fraud. The suit is related to Musk’s August tweet that stated he was “considering taking Tesla private at $420” and already had “funding secured.” The SEC said in its suit […]

E Micron Is Inexpensive, Despite Producing Compelling Growth Rates

Sep 28, 2018 Jeremy Parkinson Finance, No picture 0

Micron (MU) is a semiconductor company that is a member of the S&P 500 index. It is one of the companies with a low PEG (price-to-earnings-to-growth) ratio, and thus one of the stocks Peter Lynch may have invested in. Company Overview Micron, which was founded in 1978, and which is headquartered in Boise, ID, is […]

Proofpoint Expands Through Tie-ups And Acquisitions

Sep 28, 2018 Jeremy Parkinson Finance 0

Gartner estimates the worldwide enterprise security spending to grow 8% this year to $96.3 billion. As the US gets ready for midterm elections this year, there is growing concern regarding election interference as well. Government agencies and organizations are all gearing towards managing the growing threat of cyber attacks. Sunnyvale, California-based Proofpoint provides cloud-based email security […]

E The Basic Flaw In The EU Fiscal Position: The Case Of Italy Today

Sep 28, 2018 Jeremy Parkinson Finance 0

Having survived the 2012 EU debt crisis, bond traders are now focussed on the looming crisis in Italy as that country’s government is prepared to run large fiscal deficits. There are mounting fears for the country’s financial well-being, and, more importantly, for the potential spill-over effects onto its European neighbors. At the heart of this […]

BTC/USD Forecast: $6,800 Is A Key Upside Level

Sep 28, 2018 Jeremy Parkinson Finance 0

The BTC/USD had a roller coaster week and ended on top. A collection of developments was mostly positive for cryptocurrencies. The technical picture is improving but Bitcoin needs to break above downtrend resistance. The price of Bitcoin had a bad start to the week, but things quickly improved. Bitcoin Cash, that forked out of the primary digital […]

Mob Hit: Italian Assets Whacked In Bloody Friday Rout

Sep 28, 2018 Jeremy Parkinson Finance, No picture 0

It’s not terribly surprising that the market is aghast at the utter lack of regard for decorum Italy’s populist leaders demonstrated on Thursday when they announced their budget deficit target. What is a bit surprising though, is just how hard Italian assets were hit on Friday considering this really wasn’t difficult to see coming. The […]

Weekend Reading: Fiscal Irresponsibility

Sep 28, 2018 Jeremy Parkinson Finance 0

Without much fanfare or public discussion, Congress has decided to push the U.S. into deeper fiscal responsibility. Earlier this week, the House passed another Continuing Resolution (CR) to keep the government from “shutting down” prior to the mid-term elections. “The House on Wednesday passed an $854 billion spending bill to avert an October shutdown, funding large swaths of […]

August 2018 Headline Personal Income And Spending Again Little Changed

Sep 28, 2018 Jeremy Parkinson Finance 0

The headline data this month shows continued relatively good month-over-month growth in income and spending. Analyst Opinion of Personal Income and Expenditures Consumer income growth year-over-year is insignificantly lower than spending growth year-over-year. The backward revisions this month were slight. Overall, the data is little different than last month. The market looks at current values […]

Bull Of The Day: Aspen Technologies (AZPN)

Sep 28, 2018 Jeremy Parkinson Finance, No picture 0

Based in Bedford, MA, Aspen Technologies (AZPN – Free Report) is a company that provides process optimization software solutions. One of its primary products, aspenONE, is a software that has been developed specifically for companies in the broad process industries like energy, chemicals, engineering, and construction. AspenTech’s performance in its recent fourth quarter was strong. Earnings of 59 cents […]