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5 Top Healthcare Mutual Funds To Buy In October

5 Top Healthcare Mutual Funds To Buy In October

Traditionally, October has been a weak month for stocks. However, so far this year, biotech stocks have shown significant resilience, with iShares Nasdaq Biotechnology ETF (IBB) gaining 11.5% year to date (YTD). Additionally, the broader Health Care Select Sector SPDR ETF (XLV) has risen 15.1% YTD, better than the S&P 500’s increase of 9% during […]
Paychex Surpasses Q1 Earnings & Revenue Estimates

Paychex Surpasses Q1 Earnings & Revenue Estimates

Paychex, Inc. (PAYX – Free Report) reported first-quarter fiscal 2019 adjusted earnings of 67 cents per share that surpassed the Zacks Consensus Estimate by 2 cents. Total revenues of $862.8 million beat the consensus mark by $13 million. The company posted strong growth across major human capital management (“HCM”) product lines and professional employer organization (“PEO”) services. In the […]
August 2018 CoreLogic Home Prices Up 5.5% Year-Over-Year

August 2018 CoreLogic Home Prices Up 5.5% Year-Over-Year

CoreLogic’s Home Price Index (HPI) shows that home prices in the USA are up 5.5 % year-over-year (reported up 0.1 % month-over-month). CoreLogic HPI is used in the Federal Reserves’ Flow of Funds to calculate the values of residential real estate. The quote of the day was in this data release: …. The rise in […]
USD/JPY Rate Snaps Bullish Sequence, Short Interest Jumps

USD/JPY Rate Snaps Bullish Sequence, Short Interest Jumps

JAPANESE YEN TALKING POINTS The recent rally in USD/JPY appears to have stalled ahead of the November 2017-high (114.74) as the exchange rate snaps the recent series of higher highs & lows, but there appears to be a broader shift in market behavior amid a jump in retail short interest. USD/JPY RATE SNAPS BULLISH SEQUENCE, […]
Bubbles And Zombies

Bubbles And Zombies

They say nobody rings a bell at the top of the market. But whether this is the top or not, two prominent market observers and historians, Robert Shiller and Edward Chancellor, are expressing concern. First, Shiller warns readers not to take big increases in earnings too seriously because earnings are volatile. Everyone knows that stock […]
Expensive Dollars And The Return Of Negative Hedged Yields

Expensive Dollars And The Return Of Negative Hedged Yields

Late last week, hedged Treasury yields turned negative for European and Japanese investors, a state of affairs that garnered quite a bit of attention as these things go, despite being the clear result of quarter-end effects. The 3-month EURUSD X-Ccy basis fell 25bps on Thursday, the largest one-day move since 2009 (see below) and similar […]
Regression To Trend: Another Look At Long-Term Market Performance – Tuesday, Oct. 2

Regression To Trend: Another Look At Long-Term Market Performance – Tuesday, Oct. 2

Quick take: At the end of September the inflation-adjusted S&P 500 index price was 123% above its long-term trend, up from 121% the previous month. About the only certainty in the stock market is that, over the long haul, over performance turns into underperformance and vice versa. Is there a pattern to this movement? Let’s apply […]
Time For More Action?

Time For More Action?

Bitcoin has been moving up for some time now. The path to higher values has been a rocky one and Bitcoin bulls might be getting some encouragement. Whether this translates to a bullish outlook is another question entirely. Not all governments are hostile to Bitcoin. Actually, a lot of governments are simply not sure what […]
RBC Capital, Wolfe Research Say Buy GE Following CEO Change

RBC Capital, Wolfe Research Say Buy GE Following CEO Change

Both RBC Capital analyst Deane Dray and Wolfe Research analyst Nigel Coe upgraded General Electric (GE) to Outperform after the company announced that H. Lawrence Culp, Jr. was named chairman and CEO, replacing John Flannery. But not all were as bullish on the stock after the news, with Moody’s Investors Service placing the ratings of […]
ETH/USD: A Clear Break Above $230 Is Critical For Ethereum Bulls

ETH/USD: A Clear Break Above $230 Is Critical For Ethereum Bulls

Ethereum managed to shrug off a leadership challenge by Ripple as the top Altcoin. However, the ETH/USD is still looking for a new direction. A lot depends on one resistance line. The Technical Confluence Indicator shows that the ETH/USD faces a dense congestion of resistance lines at $230. The cluster consists of the Simple Moving Average 5-one-day, […]