November 2018 - Page 154 of 209 -

Gold, Crude Oil Prices May Accelerate Lower On Upbeat FOMC

Nov 08, 2018 Jeremy Parkinson Finance, No picture 0

Commodity prices seesawed in the aftermath of US midterm elections yesterday. Initial US Dollar weakness offered a lift as markets worried about fiscal policy deadlock after the Democrats secured a hold on the House of Representatives while Republicans successfully defended (and expanded) their majority in the Senate. The move came undone over the course of the day, […]

EUR/USD Is Under Fresh Pressure As Reality Returns

Nov 08, 2018 Jeremy Parkinson Finance, No picture 0

The EUR/USD drifts down as the dust settles from the US elections. The Federal Reserve will likely remind us of monetary policy divergence. The pair is trading within an uptrend channel but may challenge the lows. The EUR/USD is trading above 1.1400 but far from the highs of 1.1500 seen on Wednesday. The US Dollar was on […]

S&P 500 And Nasdaq 100 Forecast – Thursday, Nov. 8

Nov 08, 2018 Jeremy Parkinson Finance 0

S&P 500 The S&P 500 rose rather significantly during the trading session on Wednesday, breaking above the 2800 level initially. Ultimately, this is a good sign that we may try to break out to the upside, so I think that buying short-term pullbacks will probably continue to be the case. I like the idea of […]

The Three Largest Cryptocurrencies – Wednesday, Nov. 7

Nov 08, 2018 Jeremy Parkinson Finance, No picture 0

With so much 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 […]

IAC/Interactive (IAC) Surpasses Q3 Earnings And Revenue Estimates

Nov 08, 2018 Jeremy Parkinson Finance 0

IAC/Interactive (IAC – Free Report) came out with quarterly earnings of $1.49 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $0.55 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 43.27%. A quarter ago, it was expected that […]

What Is A Bitcoin ETF Anyway? (And Other Questions You May Have)

Nov 08, 2018 Jeremy Parkinson Finance, No picture 0

You’ve probably been hearing a lot about Bitcoin ETFs in the news lately. But, what exactly is a Bitcoin ETF? Simply put, it’s a new way to trade and invest in Bitcoin. This new investment vehicle, when approved, might precipitate massive inflows of institutional cash into the worldwide cryptocurrency markets. It might even offer very […]

IBM + Red Hat: Market Is Assuming A 20% Chance Of The Acquisition Failing

Nov 08, 2018 Jeremy Parkinson Finance 0

(Photo credit: Sankarshan) First of all, we have to get the context for this transaction. IBM (IBM) proposed taking over Red Hat (RHT) in a $30 billion deal. There are some specifics that must be covered. One of the most important is the fact that this is a friendly deal, i.e., the acquired management team is […]

How To Trade A Volatile Environment

Nov 08, 2018 Jeremy Parkinson Finance 0

I’ve been hearing from traders and investors who feel they have lost all control over their trading portfolio. This volatile environment – with whipsaw action, sharp gaps up/down on the open, late-day plunges, rising volatility and the occasional tweet that instantly changes the mood – is exhausting. If your brain feels like it will explode, […]

The U.S. Wealth Bubble Created Nearly A Million Millionaires Since 2017

Nov 07, 2018 Jeremy Parkinson Finance 0

Credit Suisse recently published its annual Global Wealth Report, which found that the United States “added 878,000 new millionaires [since 2017] – representing around 40% of the global increase.” The report also claimed that “The United States has the most members of the top 1% global wealth group, and currently accounts for 41% of the world’s millionaires.” […]

News Corp. Reports Q1 Adjusted EPS 17c, Consensus 4c

Nov 07, 2018 Jeremy Parkinson Finance, No picture 0

NewsCorp (NWSA, NWS) reports Q1 revenue $2.52B, consensus $2.54B. Commenting on the results, Chief Executive Robert Thomson said: “In the first quarter, our growth in revenue and earnings reaffirmed our strategy to focus on digital development, and to put particular emphasis on subscriptions as the advertising market continues to evolve. Reported revenues grew 23% to […]